432 Park Avenue
|432 Park Avenue|
An artist's rendering of 432 Park Avenue
|Location||432 Park Avenue
New York City, United States
|Cost||US$ 1.25 billion|
|Roof||1,396 feet (426 m)|
|Floor area||412,637 square feet (38,335 m2)|
|Design and construction|
|Architect||Rafael Viñoly and SLCE Architects, LLP|
|Developer||CIM Group / Macklowe Properties|
|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), 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). Originally proposed to be 1,300 feet (396 m) in 2011, the construction began in 2012 and is scheduled to complete in 2015. 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.
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. The building's amenities will include 12-foot (3.7 m) high ceilings, golf training facilities, and private dining and screening rooms.
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. 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. The tower has a footprint of approximately 33,000 square feet (3,100 m2). The building was topped out on October 10, 2014, and the rooftop of 432 Park Avenue is the highest in the city, surpassing that of One World Trade Center.
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