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
432 Park Avenue, March 2015.jpg
Sunset view in March 2015, as seen from the Citigroup Center.
General information
Status Topped-out
Type residences
Location 432 Park Avenue
New York City, United States
Construction started
  • Foundation: September 2011
  • Aboveground structure: May 2012
Completed 2015
Opening
  • Topped out: October 2014
  • Completion: Spring 2015
  • Occupancy: Spring 2015
Cost US$ 1.25 billion[1]
Height
Roof 1400 ft (427 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 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 104 condominium apartments and a height of 1,400 feet (427 m),[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 New York City, 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 32 ft (9.8 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, which had been 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]

Tallest buildings in the city by pinnacle height, including all masts, antennae, poles, etc., whether architectural or not. 432 Park Avenue is third from the left.

Designed by Rafael Viñoly around what is described as "the purest geometric form: the square," the tower is designed to have eighty-four 3,969-square-foot (368.7 m2) 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] Interiors are by designer Deborah Burke, Bentel & Bental, which also designed Eleven Madison Park and Gramercy Tavern.[10]

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.[11] The tower has a footprint of approximately 33,000 square feet (3,100 m2).[12] The building was officially topped out on October 10, 2014,[13][3] making it the highest rooftop in the city.

See also[edit]

References[edit]

  1. ^ "Ultra-luxury high rise boom amid New York’s housing crisis". World Socialist Web Site. 24 June 2013. Retrieved 5 October 2014. 
  2. ^ a b "432 Park Avenue". Council on Tall Buildings and Urban Habitat. Retrieved January 13, 2012. 
  3. ^ a b Chaban, Matt A.V. (October 13, 2014). "New Manhattan Tower Is Now the Tallest, if Not the Fairest, of Them All". The New York Times. Retrieved 2015-01-03. 
  4. ^ "Forbes Life". Retrieved October 17, 2014. 
  5. ^ "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. 
  6. ^ "432 Park Avenue". SkyscraperPage. Retrieved September 19, 2013. 
  7. ^ "Drake Hotel tops most valuable NYC development sites list". The Real Deal. June 21, 2011. Retrieved January 13, 2012. 
  8. ^ a b Bagli, Charles V. (May 18, 2013). "Boom in Luxury Towers Is Warping New York Real Estate Market". The New York Times. 
  9. ^ Karmin, Craig (October 19, 2011). "New York Placing Tallest Order". The Wall Street Journal. Retrieved January 14, 2012. 
  10. ^ "432 Park Avenue". CityRealty. 
  11. ^ "Construction Update: 432 Park Avenue Now Supertall -- New York YIMBY". Retrieved October 17, 2014. 
  12. ^ http://cimgroup.com/investments/byProductTypeInvestmentDetails.aspx?id=32
  13. ^ "Inside the Tallest Residential Building in the Western Hemisphere". ABC News. Retrieved October 17, 2014. 

External links[edit]