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 Under construction
Type Hotel, residential
Location 432 Park Avenue
New York City, United States
Construction started Foundation: Sept 2011
Construction: May 2012
Opening Topped out: Early 2015
Completion: mid-2015
Occupancy: late 2015 or early 2016
Height
Roof 1,398 feet (426.1 m)
Technical details
Floor count 89
Design and construction
Architect Rafael Viñoly[1] and SLCE Architects, LLP
Developer CIM Group / Macklowe Properties
Structural engineer WSP Cantor Seinuk
Main contractor Lend Lease

432 Park Avenue is a supertall residential project by CIM Group in midtown Manhattan in New York City. With 125 condominium apartments and a height of 1,398 feet (426.11 m),[1] it will become the third tallest building in the United States, and one of the tallest residential buildings in the world. It will become the second tallest building in Manhattan, behind One World Trade Center. When measured by roof height however, 432 Park Avenue will be 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,[1][2] the construction began in 2012 and will finish in 2015.[3] Located at 432 Park Avenue, 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. It was demolished in 2007. The site became one of New York's most valuable development sites[4] due to its location in the heart of the city.

Design and layout[edit]

The building under construction as of April 2014, viewed from the Citigroup Center.

Designed by Rafael Viñoly around "the purest geometric form: the square," the tower will have eighty-four 93-foot-square stories, each with six 100-square-foot windows per face. The tower's condominium units will range from a 351-square-foot studio to a six-bedroom, seven-bath penthouse with a library, already under agreement for $95 million.[5] The building's amenities will include 12 ft (3.7 m) high ceilings, golf training facilities, and private dining and screening rooms.[6] When completed, 432 Park Avenue is expected to become the second-tallest building in New York City and the tallest residential building in the Western Hemisphere.[5] The tower has a footprint of approximately 33,000 square feet.[7]

See also[edit]

References[edit]

  1. ^ a b c "432 Park Avenue". Council on Tall Buildings and Urban Habitat. Retrieved January 13, 2012. 
  2. ^ "CIM GROUP AND NEW YORK REAL ESTATE MAGNATE HARRY MACKLOWE PLAN 1,300 FOOT MANHATTAN CONDO AND RETAIL COMPLEX". PBT Consulting. October 23, 2011. Retrieved January 13, 2012. 
  3. ^ "432 Park Avenue". SkyscraperPage. Retrieved September 19, 2013. 
  4. ^ "Drake Hotel tops most valuable NYC development sites list". The Real Deal. June 21, 2011. Retrieved January 13, 2012. 
  5. ^ a b Bagli, Charles V. (May 18, 2013). "Boom in Luxury Towers Is Warping New York Real Estate Market". The New York Times. 
  6. ^ Karmin, Craig (October 19, 2011). "New York Placing Tallest Order". The Wall Street Journal. Retrieved January 14, 2012. 
  7. ^ http://cimgroup.com/investments/byProductTypeInvestmentDetails.aspx?id=32

External links[edit]