One11 Residences Offer Turnkey Living With Hotel Luxury

The New York City real estate landscape is constantly changing, but the recent launch of the Thompson Central Park Hotel has agents and buyers stopped in their tracks. The hotel’s luxury residences, dubbed One11, are changing the game for NYC condominiums. They’re move-in ready with timeless, sophisticated interiors and luxurious hotel amenities available to all residents.

Perfect for the international buyer with high-end taste, One11 is a perfect urban pied-a-terre that you can pluck off the market without spending time on decorating, organizing, or the usual slog of responsibilities that come with a standard NYC condo.

Interested in enjoying the conveniences of living like a hotel guest full-time? Then let’s break down what One11 Residences are all about to see if they’re the right fit for you.

One11 Residences: The Basics

The One11 Residences are located at 111 West 56th Street, between 6th and 7th Avenues in midtown Manhattan. Snuggled between Central Park, the Theater District, and Columbus Circle, it’s a fantastic location for hotel guests and residents alike who want to take in all of New York City’s world-renowned culture, dining, and theater. This area south of Central Park is known as Billionaire’s Row for its many skyscraping luxury condominiums occupied by some of the world’s most affluent residents.

This property was originally known as the Parker Meridien New York, which opened back in the 1980s. By 2019 when developer GFI Capital bought the space, it was known as “Parker Hotel” and had 729 rooms, two restaurants, a bar, events spaces, and underground retail space.

GFI Development saw a gap in this particular corner of the market for a lifestyle hotel with residences that can be dropped into at a moment’s notice by international buyers — the convenience and amenities of a hotel, with turnkey living and impeccable interior design.

The firm reopened the property as The Thompson Central Park Hotel in November 2021 with a new total of 587 rooms and 99 luxury pied-a-terre residences ranging from 550 to 3,500 square feet. In October of 2022, those residences went on the market with some still available today. The condominiums are 1- to 2-bedroom units that start on the 34th floor of the building, with two four-bedroom penthouses that each boast rooftop terraces.

What makes One11 different from other luxury residences

1. Turnkey living

   
   The pandemic changed the way many upscale buyers think about their homes. Instead of waiting for renovations to be complete, or materials to be shipped for said renovations, many have become more interested in turnkey living. It’s the idea that instead of customizing your home, you can simply move into one that’s already fully designed.

   At One11, residents have the option of two color palettes for their turnkey packages, both of which are brilliantly and meticulously designed for the space by the master of interior design, Thomas Juul-Hansen. In other words, this home is already customized just for you — all you have to do is walk in.

2. Luxury hotel amenities

   Along with Juul-Hansen’s designs, One11 residents can enjoy living like hotel guests with top-of-the-line amenities that are completely accessible at any time. That means not just room service, housekeeping, and a personalized concierge service, but a Peloton-equipped gym and Drybar salon. Residents also have discounted hotel rooms, meeting rooms they can use at their disposal, a car service, and built-in maintenance services.

3. Nightlife spaces

   
   As a resident of One11, you have access to The Thompson Central Park’s exclusive Upper Stories bar and lounge. This secluded, sophisticated space offers a full-service dining experience where you can grab breakfast canapés or cap off the day with a cocktail.

   But that’s not all. There is also Parker’s Bar and Atrium, where expert bartenders create exceptional drinks, and The Burger Joint, a New York institution well-known for their legendary hamburgers. If you’re looking for finer dining, check out Chef Manish Mehrotra’s work at Indian Accent, where creative Indian dishes stun patrons.

4. Affordable units

   
   Although Billionaire’s Row is known for its jaw-dropping prices, this hotel’s residents have a surprisingly wide range of price options. These condos start at just $1.325 million for a one-bedroom unit, which is low when compared to nearby sales, like the record-breaking $238 million unit at nearby 220 Central Park South purchased by Ken Griffin. If you’re more flexible, prices reach all the way to $14 million asking for each of the four-bedroom penthouse units.

One11 Residences: The Interiors

Thomas Juul-Hansen is known for designing the restaurants of world-famous chef Jean-Georges Vongerichten, as well as his work on another recent NYC hotel residence launch, the Beekman.

Juul-Hansen applied his talent for engaging, well-crafted spaces along with something particularly special: a custom collection of furniture and lighting designed exclusively for One11 Residences. With these pieces, he made sure to strike a beautiful balance between homey comforts and hotel luxury.

As for aesthetics, residents can live in what feels like a cocoon of tasteful serenity thanks to a warm, neutral color scheme bordered by floor-to-ceiling windows and accented with European oak wood. The residences come with Scandinavian-inspired furniture, plush area rugs, and cushy leather and wool fabrics. Pops of custom Philip Jeffries wallpaper lend even more personality to the space, and breathtaking artwork adorns the walls.

How to buy your home in One11 Residences

It’s clear that these impressive residences are already a hot commodity in New York City’s real estate market. GFI launched sales for the property last October, but there is still plenty of time to find and claim your own piece of luxury hotel living.

The NewDevRev team can help prospective buyers tour One11 Residences, answer all of your questions, connect you with the correct representatives, and when the time comes, help you prepare the best possible offer. According to their website, their one-bedroom units start at $1.3 million, remaining two-bedroom units start at $1.9 million, and the remaining four-bedroom penthouse residence starts at $4.25 million.