432 Park Avenue

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Coordinates: 40°45′40″N 73°58′17″W / 40.7612°N 73.9715°W / 40.7612; -73.9715

432 Park Avenue
Artists Rendering of 432 Park
An artist's rendering of 432 Park Avenue
General information
Status Topped-out
Type Hotel, residences
Location 432 Park Avenue
New York City, United States
Construction started
  • Foundation: September 2011
  • Aboveground structure: May 2012
Opening
  • Topped out: October 2014
  • Completion: Winter 2014/2015
  • Occupancy: Spring 2015
Cost US$ 1.25 billion[1]
Height
Roof 1,396 feet (426 m)
Technical details
Floor count 89
Floor area 412,637 square feet (38,335 m2)
Design and construction
Architect Rafael Viñoly[2] and SLCE Architects, LLP
Developer CIM Group / Macklowe Properties
Structural engineer WSP
Main contractor Lend Lease

432 Park Avenue is a supertall residential project by CIM Group in midtown Manhattan in New York City. With 104 condominium apartments and a height of 426 metres (1,396 ft),[3] it is the third tallest building in the United States, and one of the tallest residential buildings in the world. It is the second tallest building in Manhattan, behind One World Trade Center. When measured by roof height, however, 432 Park Avenue is the tallest building in New York, surpassing One World Trade Center by 30 ft (9.1 m).[4] Originally proposed to be 1,300 feet (396 m) in 2011,[2][5] the construction began in 2012 and is scheduled to complete in 2015.[6] The building required the demolition of the 495-room Drake Hotel built in 1926. In 2006. the hotel was sold for $440 million to developer Harry Macklowe, and the hotel was demolished the year afterward. The site became one of New York's most valuable development sites due to its location.[7]

The building under construction in July 2014, viewed from 56th Street.
The building under construction in August 2014, viewed from the Citigroup Center.

Designed by Rafael Viñoly around what is described as "the purest geometric form: the square," the tower is designed to have eighty-four 93-foot-square (28 m) stories, each with six 100-square-foot (9.3 m2) windows per face. The tower's condominium units will range from a 351-square-foot (32.6 m2) studio to a six-bedroom, seven-bath penthouse with a library, already under agreement for $95 million.[8] The building's amenities will include 12-foot (3.7 m) high ceilings, golf training facilities, and private dining and screening rooms.[9]

432 Park Avenue is the second-tallest building in New York City and will be the tallest residential building in the Western Hemisphere once opened.[8] By mid-2015, 217 West 57th Street, 111 West 57th Street, and 125 Greenwich Street will be at a similar height as 432 Park Avenue.[10] The tower has a footprint of approximately 33,000 square feet (3,100 m2).[11] The building was topped out on October 10, 2014,[12][13] and the rooftop of 432 Park Avenue is the highest in the city, surpassing that of One World Trade Center.[4]

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