Michael Gross, author of books about 740 Park Avenue and 15 Central Park West, dubbed the area of midtown Manhattan between 57th and 59th Streets as the “Billionaire’s Belt” in November 2012. “This neighborhood never really defined itself before,” Gross told Business Insider. “Now, it’s becoming the new ‘billionaire’s belt.’”
The “Billionaire’s Belt” includes an apartment building dubbed the “Global Billionaires Club” (One57).
Wikipedia: Michael Gross
Michael Gross (born 1952 in New York City), is an author, journalist and editor. He has a B.A. in History from Vassar College. He graduated in 1970 from South Side High School in Rockville Centre, the same school that later graduated Howard Stern.
He is now writing a book about 15 Central Park West, a luxury condo in Manhattan, for Simon & Schuster’s Atria Books
740 Park inspired Park Avenue, the documentary directed by Alex Gibney that looks at income inequality in America. It was produced for the Why Poverty? documentary project aired on public television networks around the world in fall 2012.
There’s A New ‘Billionaire’s Belt’ Emerging In Manhattan
Meredith Galante|Nov. 8, 2012, 12:32 PM
New York City is becoming a place where you’re either very rich or very poor.
And in the coming years, the super rich will be moving to Midtown — the city’s up-and-coming “Billionaire’s Belt,” as author Michael Gross calls it.
Gross, the author of 740 Park and Unreal Estate, said he had seen an uptick in the number of billionaires flocking to luxury buildings in the 57th Street and 59th Street corridors to the southern corner of Central Park, along to the Bloomberg building and 432 Park Avenue.