Vornado Realty Trust might be spiking a football when it comes to 220 Central Park South.
In a likely cause for celebration, the developer appears to have unloaded two of its final units at its blockbuster Billionaires Row condo with the sale of a three-bedroom and a studio in a $34 million haul.
And the purchaser seems to have close ties to the New England Patriots. The shell company used by the buyer lists its contact as the Kraft Group, the owner of the Super Bowl-frequenting football squad, and an address of 1 Patriot Place in Foxborough, Mass., a mixed-use entertainment and retail project developed by Kraft next to Patriots home field Gillette Stadium.
Likewise the shell company’s official name, Protista 220, includes an anagram of the word “Patriots.”
The units, Nos. 43B and 20F, went into contract on March 1 and closed on April 12, according to the deeds for the apartments, which appeared in the city register on Wednesday.
Because Vornado chose to market 220 Central Park South privately, not much is known about the look of the two apartments save for what’s spelled out in the condo’s offering plan, a legal document that the state requires in advance of condo projects.
The three-bedroom, which went for $33 million, has three-and-a-half baths and about 3,000 square feet, the plan says, while the studio, which was presumably created to be a staff or guest unit, has a bath and 500 square feet. It traded for $1 million, according to the register.
A conglomerate with holdings in wood, healthcare and technology companies, the Kraft Group was founded in the late 1960s by Boston area native Bob Kraft, who still serves as the company’s chairman and CEO, though his sons Jonathan, Daniel and Josh also hold executive positions at the company or in related ventures.
An attempt to reach Kraft’s media office by phone by press time was unsuccessful, and a phone message left for company spokesman Michael Jurovaty was not returned. Peter Batten, the New York lawyer who handled the paperwork on behalf of Protista, also did not return a call. And Vornado spokesman Bud Perrone had no comment.
With the two sales, Vornado has likely hit its goal, or is very near to it, of completing a staggering $3.5 billion sell-out of the 117 units at 220 Central Park South. In summer 2022 the 79-story development had 10 units left, according to a Crain’s analysis, and in the two years since has sold most of those apartments, based on the register.
Though the Steven Roth-helmed Vornado may have struggled to realize its long-term vision for a new office district surrounding Penn Station, 220 Central Park South has been a regular bright spot for the firm since sales there began in 2015. Among the huge-ticket deals completed in the complex was hedge funder Kenneth Griffin’s purchase of a triplex apartment, a $238 million transaction believed to be the country’s priciest-ever residential sale.
At the same time, several apartments at the park-facing building have resold for even more than Vornado’s original lofty prices, no small feat at a time when similar units in rival towers have posted declines in value over the years.
C. J. Hughes , 2024-04-17 19:47:07
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