Manhattan's luxury residential market is transforming, with a wave of new high-rise developments redefining the skyline. From cutting-edge skyscrapers to historic redevelopments, the city attracts discerning buyers seeking exclusivity, premier amenities, and world-class design.
As we move into 2025, several standout properties have recently completed or are on track to deliver this year, while high-profile redevelopments breathe new life into some of Manhattan's most iconic landmarks. Meanwhile, ambitious new towers remain under construction, promising the next evolution of high-end urban living. Here are some of the most exciting additions to the city's luxury real estate market.
Latest Completions
With Manhattan's demand for ultra-luxury residences at an all-time high, developers are delivering a new wave of high-end condominiums and rental properties that cater to modern buyers. These recent completions and soon-to-be-finished towers offer a glimpse into the next era of luxury living in New York City.
50 West 66th Street
50 West 66th Street introduces a sophisticated collection of luxury condominiums, offering two distinct design aesthetics: The House, featuring prewar-inspired interiors by Shamir Shah Design, and The Tower, with floor-to-ceiling glass walls and dramatic ceiling heights by AB Concept. Buyers can personalize their homes with Extell Choice, selecting from premium materials such as custom millwork, stone, and hardwood flooring.
With over 50,000 square feet of private amenities, the development features an indoor saltwater lap pool and spa, full-size basketball and pickleball courts, a bowling alley, a golf simulator, and a squash court. The 20th floor boasts an outdoor pool, fire pit, skyline lounge, and concierge service. Set for completion in early 2025, this landmark project brings a new standard of luxury to the Upper West Side.
The Greenwich by Rafael Viñoly
125 Greenwich Street
Located in the Financial District, The Greenwich is an 88-story tower designed by renowned architect Rafael Viñoly. Standing 912 feet tall, the sleek skyscraper features 272 luxury condominiums ranging from studios to three-bedroom layouts.
Located in the Financial District, The Greenwich is an 88-story tower designed by renowned architect Rafael Viñoly. Standing 912 feet tall, the sleek skyscraper features 272 luxury condominiums ranging from studios to three-bedroom layouts.
With its prime location near the World Trade Center and the Oculus, residents enjoy easy access to premier shopping, dining, and transportation. The Greenwich offers an exclusive array of lifestyle and wellness amenities on its upper floors, including an indoor lap pool, a spa, a state-of-the-art fitness center, and a private club with panoramic city views. As one of the tallest residential buildings downtown, this development sets a new benchmark for contemporary luxury in Lower Manhattan.
18 West 55th Street
Bringing a new level of sophistication to Midtown, 18 West 55th Street is a 26-story residential tower designed by Morris Adjmi Architects. Developed by Skyline Developers, the 289-foot-high structure houses 97 luxury rental residences, averaging 1,319 square feet, alongside 6,380 square feet of premium commercial space.
Centrally located between Fifth and Sixth Avenues, the property seamlessly blends contemporary design with one of Manhattan's most prestigious addresses. With a modern aesthetic and high-end finishes, this boutique development offers a refined rental experience in the heart of the city.
Recent Redevelopments
Some of Manhattan's most celebrated landmarks are being reimagined, combining their rich histories with modern luxury. These redevelopments offer buyers the unique opportunity to own a residence in one of the city's most legendary addresses.
Waldorf Astoria Residences
305 Park Avenue
One of Manhattan's most historic hotels now offers 375 ultra-luxury condominiums, blending timeless Art Deco elegance with contemporary comfort. Designed by Jean-Louis Deniot, these homes feature cerused white-oak herringbone floors, custom Gaggenau kitchens, radiant heated marble baths, and Concierge Closets for private deliveries and 24-hour room service.
One of Manhattan's most historic hotels now offers 375 ultra-luxury condominiums, blending timeless Art Deco elegance with contemporary comfort. Designed by Jean-Louis Deniot, these homes feature cerused white-oak herringbone floors, custom Gaggenau kitchens, radiant heated marble baths, and Concierge Closets for private deliveries and 24-hour room service.
Residents enjoy over 50,000 square feet of exclusive amenities, including a 25-meter Starlight Pool, wellness lounges, a state-of-the-art fitness center, the Monte Carlo gaming room, and the landscaped Starlight Terrace overlooking Park Avenue. Additionally, homeowners benefit from preferred access to the Waldorf Astoria's signature restaurant, spa, and luxury services, creating an unparalleled living experience steeped in history.
Mandarin Oriental Residences Fifth Avenue
685 Fifth Avenue
Mandarin Oriental brings its signature five-star hospitality to residential living with 685 Fifth Avenue, the brand's first standalone residential property on the East Coast. Prices range from $2.5 million for junior suites to $15 million for two-bedroom residences, each featuring bespoke interiors with French doors, chevron oak flooring, Crestron home automation, and Molteni kitchens with 22-karat champagne gold Dornbracht fixtures.
Mandarin Oriental brings its signature five-star hospitality to residential living with 685 Fifth Avenue, the brand's first standalone residential property on the East Coast. Prices range from $2.5 million for junior suites to $15 million for two-bedroom residences, each featuring bespoke interiors with French doors, chevron oak flooring, Crestron home automation, and Molteni kitchens with 22-karat champagne gold Dornbracht fixtures.
Amenities include Boulud Privé, a private dining experience by Michelin-starred chef Daniel Boulud, an outdoor rooftop pool with Central Park views, a spa, a 25th-floor fitness center and lounge, and a suite of personalized services, from dog walking to private shopping. Residents enjoy the ultimate branded living experience, with Mandarin Oriental's signature luxury touches woven into every detail.
Under Construction
Several high-profile projects are still rising, promising to bring even more exclusivity and architectural innovation to Manhattan's ever-evolving skyline. These developments are poised to redefine urban luxury upon completion.
255 East 77th Street
A standout addition to Lenox Hill, this 500-foot-tall tower by Naftali Group features 62 luxury condominiums designed by Robert A.M. Stern Architects and Hill West Architects. The 36-story building includes two- to five-bedroom layouts, along with 3,861 square feet of retail space and a curated suite of high-end amenities.
Residents will have access to a full-time concierge, fitness center, yoga studio, sauna, steam room, pet spa, indoor pool, screening room, and private storage. Positioned near the 6 train at 77th Street, the property offers seamless connectivity to the Upper East Side's shopping, dining, and cultural destinations. Completion is expected in fall 2026.
520 Fifth Avenue
At 1,002 feet tall, 520 Fifth Avenue is positioned to become Fifth Avenue's tallest residential tower, delivering a new level of luxury in Midtown. Designed by Kohn Pedersen Fox with interiors by Vicky Charles, the boutique skyscraper will house just 100 exclusive residences, offering breathtaking views from Bryant Park to Central Park and beyond.
The development features a private members' club, luxury office spaces, and an 88th-floor amenity suite, including The Lounge, Dining Room, Library, and the glass-walled Solarium. Rising in the heart of Midtown, this striking addition to the skyline offers an unmatched fusion of refinement and convenience, making it one of Manhattan's most coveted new addresses.
Learn More About Manhattan Luxury Real Estate
From striking new skyscrapers to meticulously restored landmarks, the latest wave of high-end residential developments reflects the city's ability to blend heritage with modernity. Those seeking an elite address in the heart of Manhattan will find these new developments offer an unparalleled opportunity to own a piece of the city's most prestigious real estate. If you're ready to discover even more of what Manhattan offers, including the latest luxury construction, contact The De Niro Team today to start your NYC real estate journey.
