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One Madison

One Madison is a 60-story tower located at 23 East 22nd Street in the of , , overlooking Madison Square Park. Completed in 2014 after a development process marked by financial challenges and changes in ownership, the building houses 51 high-end residences ranging from one- to four-bedroom units, including duplexes and triplexes, designed for affluent buyers seeking panoramic city views and modern amenities. Architecturally, One Madison stands out for its ultra-slim profile with a height-to-width ratio of approximately 12:1, featuring a sleek facade articulated by seven "pop-out" elements on the north and east sides that create a sense of lightness and modularity. The structure was designed by the architecture and interior design firm CetraRuddy, with interiors by Yabu Pushelberg and amenity spaces incorporating elements by of OMA. Originally developed by Slazer Enterprises starting in 2006, the project faced delays due to the , leading to its acquisition and completion by a partnership including , HFZ Capital, and . The tower's amenities, housed in over 10,000 square feet known as "The One Club," include a 50-foot lap pool, fitness center with partnership, spa, steam room, private screening room, children's playroom, media lounge, wine cellar, and a roof , all emphasizing white-glove service with 24-hour doorman and . Residences boast floor-to-ceiling windows, high ceilings of 10 to 11 feet, and private balconies or , positioning One Madison as a in urban living at the intersection of Flatiron, Gramercy, , and neighborhoods.

History

Planning and Construction

The development of One Madison began in spring 2006 when New Jersey-based developers Ira Shapiro and announced plans for a tower on a site previously occupied by a two-story at 23 East 22nd Street, between and Park Avenue South. The location was selected for its prime position adjacent to Madison Square Park and within the vibrant [Flatiron District](/page/Flatiron District), offering unobstructed views and zoning that permitted high-rise without landmark restrictions. Initially named "The Saya," the project was rebranded to "One Madison Park" in early 2007 after brokers advised that the original name lacked the sophistication needed for the market. Zoning approvals proceeded smoothly, with reviewing the proposal in September 2006 and recommending it to the City Planning Commission, citing compatibility with the area's evolving residential character. The Department of City Planning granted final approvals in late 2006, allowing for a 60-story structure on the narrow lot. occurred in early , marking the start of construction under the architectural direction of CetraRuddy. Construction progressed steadily through 2007 and 2008, beginning with foundation work that involved excavating the site and pouring concrete pilings to support the slender tower on Manhattan's . By mid-2008, the core and began rising, with the frame advancing floor by floor using slip-form techniques to achieve the building's slim profile. Facade installation followed in 2009, incorporating curved glass panels that were hoisted and secured to the exterior as the structure neared completion. The tower reached its full height of 621 feet (189 m) across 60 stories, in 2010 and transforming the skyline at the southern edge of Madison Square Park.

Financial Challenges and Completion

The 2008 financial crisis severely impacted luxury real estate projects in , including One Madison Park, by triggering a that halted financing and sales for high-end condominiums launched during the pre-crisis boom. Construction had begun in 2007 and reached in 2010, but the project's original developer, Slazer Enterprises, faced mounting debts amid evaporating buyer interest and lender defaults, leading to work stoppage later in 2010. This site-specific delay exemplified broader challenges in Manhattan's luxury market, where overleveraged developments stalled as banks withdrew funding and foreign investment dried up. In June 2010, creditors filed an involuntary Chapter 11 bankruptcy petition against the project entity, citing approximately $11.6 million in unpaid loans and mechanics' liens, which forced the asset into court-supervised restructuring. The bankruptcy proceedings resolved through an asset sale to a creditor consortium comprising , , and HFZ Capital Group, who acquired control after competitive bidding and settlements with senior lender iStar Financial in 2011. Under this new ownership, construction resumed in late 2010 following initial creditor agreements, enabling the project to progress toward full completion in 2013 despite ongoing litigation over claims. Sales relaunched officially in September 2013 under the rebranded One Madison, with full-floor residences starting at $10.5 million and occupancy projected for early 2014. By February 2014, following high-profile transactions such as the $57 million sale of the top four floors, 75% of the 51 units had sold, signaling strong market recovery for the luxury segment. Early occupancy began in 2013 for select units as construction wrapped, with the temporary issued in late 2014, allowing full resident move-ins and marking the project's stabilization post-crisis.

Architecture

Structural Features

One Madison rises to a height of 621 feet (189 m) over 60 stories, occupying a narrow footprint of approximately 52 feet (16 m) in width, which yields a height-to-width ratio of 12:1 and positions it among the slimmest skyscrapers worldwide. This slender profile, enabled by the acquisition of air rights on its constrained urban site, demands advanced engineering to ensure stability in Manhattan's windy and seismically active environment. The building's core structural system consists of a frame reinforced by a configuration of walls, which resist lateral loads from and earthquakes by distributing forces efficiently through the core and perimeter elements. These high-performance walls, integrated with the floor slabs, form a robust outrigger-like system that minimizes deflection without compromising the open floor plans. To further control sway and vibrations inherent to the tower's , a tuned column system is installed at the , featuring three U-shaped tanks filled with that slosh counter to building motion, adding approximately 3% and reducing accelerations to comfortable levels. The foundation provides the necessary load-bearing capacity for the slender tower's weight and dynamic forces. Externally, the structure is clad in a floor-to-ceiling curtain wall system combining aluminum framing with high-efficiency glazing, which optimizes thermal performance and energy use through low-emissivity coatings and automated solar shading to mitigate heat gain in the dense urban setting. This facade not only enhances structural efficiency by reducing wind loads but also contributes to the building's overall by minimizing heating and cooling demands.

Design and Interiors

One Madison's exterior design embodies a sleek, minimalist aesthetic as a slender tower rising stories to a of 621 feet, achieving a 12:1 aspect ratio that emphasizes verticality while incorporating subtle setbacks through cantilevered modular volumes. Designed by CetraRuddy Architecture, the facade features a combination of clear and earth-toned bronze-tinted glass panels that reflect the surrounding historic masonry context, complemented by white glass cubes and stone accents at the base to harmonize with Madison Square Park. The tower's orientation optimizes panoramic views toward Madison Square Park to the north, the Empire State Building to the west, and the broader Manhattan skyline, enhancing its role as a visual landmark in the Flatiron District. The interior design of common areas, including the lobby, was led by Yabu Pushelberg, creating a modern, open-plan environment characterized by custom , rich walls, and integrated contemporary artwork that draws in abundant through expansive glazing. Select residence interiors and amenity spaces incorporate concepts originally conceived by and OMA, blending innovative spatial arrangements with luxurious finishes to evoke cinematic experiences framed by the cityscape. These designs prioritize fluid circulation and understated elegance, using high-quality materials like and custom lighting to underscore the building's luxury appeal without overwhelming its minimalist exterior. Sustainability elements are integrated through energy-efficient systems, including high-performance HVAC units equipped with thermostats and LED lighting controlled by automated systems, contributing to reduced operational use in common areas and residences. The project pursued practices from the outset, aligning with broader environmental goals in urban high-rise development.

Residences

Apartments and Amenities

One Madison features 51 units distributed across its 60 floors, comprising simplexes, duplexes, and designed for luxury urban living. Unit sizes range from approximately 1,500 square feet for smaller configurations to 6,850 square feet for the expansive penthouse, with the latter offering a 586-square-foot private wraparound terrace providing 360-degree views of . Initial sales launched in 2013, with asking prices starting at around $3 million for one- and two-bedroom units and reaching over $50 million for the , reflecting the building's premium positioning upon its completion and early sales momentum. Individual apartments emphasize high-end craftsmanship and tranquility, with ceilings measuring 10 to 12 feet and floor-to-ceiling windows that maximize and city vistas. Interiors include raised mechanical floors to minimize noise transmission between levels, ensuring a serene environment. Kitchens are custom-designed with premium appliances such as ovens and Sub-Zero refrigerators, complemented by Louro Preto cabinetry; bathrooms feature Calacatta finishes, while wide-plank oak flooring adds warmth throughout. The building's shared amenities, spanning over 10,000 square feet across two dedicated levels known as One Club and designed by Yabu Pushelberg, cater to residents' , , and family needs. Key facilities include a 50-foot indoor lap pool, a full-service fitness center with studio, and steam room, private screening room and lounge, children's playroom, and private dining room for entertaining. Additional services encompass 24-hour , , and a rooftop for outdoor gatherings, all supporting a comprehensive luxury lifestyle.

Notable Residents

Media mogul Rupert Murdoch purchased the triplex penthouse on floors 58 to 60 in 2014 for $43 million and the full-floor unit on the 57th floor separately for $14 million, combining them to create an expansive residence of approximately 10,000 square feet with panoramic views and a wraparound terrace. The property, which featured custom interiors including a grand staircase, was listed for sale in 2015 at $72 million (withdrawn), relisted in 2022 at $62 million before multiple price reductions, ultimately entering contract in October 2024 at $28.5 million and closing in December 2024 for $23.8 million to an undisclosed buyer. Former quarterback and supermodel acquired a full-floor on the 48th floor in 2014 for $11.7 million, a 3,310-square-foot unit that they renovated into a three- or four-bedroom home with floor-to-ceiling windows overlooking Madison Square Park. The couple, who frequently used the apartment as a base during Brady's career, listed it for sale in 2016 at $17.25 million, reducing the price to $13.95 million before it sold in 2018 for approximately $14 million; as of 2025, they no longer own the property. Musician and philanthropist , son of investor , owned a three-bedroom, three-bathroom on the 18th floor, purchasing it in 2009 for $3.56 million amid the building's construction phase. He sold the 1,962-square-foot unit in 2012 for $4.25 million, citing frequent travel with his wife as a factor in the decision. Sports executive , former chairman of the New York Yankees and Nets, and his wife Marcia were early residents who bought into One Madison during its development, though they filed a $1.5 million against the developers in 2009 over construction delays and misrepresentations. , a retired and key figure in sports media, has since moved on from the building, which has attracted high-profile owners drawn to its discreet concierge services and paparazzi-resistant design features that emphasize resident privacy.

Reception

Critical Reviews

Upon its near-completion, architecture critic praised One Madison Park in as a "dazzling addition" to the streetscape, highlighting its elegant stack of multistory glass cubes integrated into a bronze-colored shaft that achieves lightness amid the dense urban fabric. He noted its particularly handsome profile when approached from the west through Madison Square Park, where the silvery cubes emerge subtly behind the dark bronze glass, enhancing visibility and contextual harmony with nearby landmarks like the and Metropolitan Life Tower. Professional coverage in outlets like CNN Style has emphasized the building's extreme slenderness—achieving a 1:12 —as a direct response to City's stringent constraints, which limit floor plates on narrow lots and incentivize vertical, pencil-like towers to maximize and development potential. This design contributes to the broader "" trend in , where supertall, slender residential structures have proliferated since the early , often critiqued for prioritizing luxury density over broader urban proportionality but lauded for innovative engineering that mitigates sway through systems like tuned liquid dampers. In , the tower has been described as a "pencil-thin" presence towering over the south side of Madison Square Park, underscoring its prominent yet unobtrusive role in the skyline. One Madison Park exemplifies the Flatiron District's transformation from its industrial and commercial past to a hub of luxury residential development, as discussed in , where once-commercial structures around Madison Square Park are repurposed or replaced with high-end housing, signaling a "back-to-the-future" revival of living in a historically area. Post-completion coverage has affirmed its enduring appeal; for instance, in 2024, the sold for $23.75 million, reflecting sustained demand for its prime location and amenities among affluent buyers.

Awards and Recognition

One Madison has garnered several prestigious awards for its innovative architectural design, particularly recognizing its slender form and contextual integration into New York City's skyline. These honors highlight the building's contributions to high-rise residential architecture, emphasizing efficiency, aesthetics, and urban responsiveness. The project also earned recognition from the American Institute of Architects (AIA), including the 2015 AIA New York Housing Design Award for exemplary residential development and the 2010 AIA New York State Award of Excellence for outstanding design quality. These accolades underscore the building's role in advancing sustainable urban density through advanced engineering. Additional honors include the 2012 International Highrise Award, which praised its proportional elegance and environmental sensitivity in a dense urban setting; the 2011 American Architecture Award from the Chicago Athenaeum for architectural excellence; and the 2011 Society of American Registered Architects Design Award for innovative residential typology. The building was further honored with the 2015 Architect's Newspaper Best of Design Award and a 2010 World Architecture Festival award, reflecting its broad industry acclaim. As of 2025, no new major awards have been announced, though the building continues to be cited in discussions of enduring landmarks for its timeless design.

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