Joint Venture Condo Development Set for NYC’s Upper East Side
Zeckendorf Development, Global Holdings and Park Sixty are developing 520 Park Ave., a 51-story luxury residential tower located at East 60th Street between Park and Madison Avenue, on Manhattan’s prestigious Upper East Side.
By Keith Loria, Contributing Editor
New York—Zeckendorf Development, Global Holdings and Park Sixty LLC are developing 520 Park Ave., a 51-story luxury residential tower located at East 60th Street between Park and Madison Avenue, on Manhattan’s prestigious Upper East Side.
“World renowned architect Robert A.M. Stern at 520 Park Avenue has designed another timeless and classic Manhattan residential building,” William L. Zeckendorf, Zeckendorf Development’s president, says. “520 Park Avenue will set a new standard for elegant design on Manhattan’s Upper East Side, and we are certain this luxury residential building will become a landmark in a treasured city neighborhood.”
The 31 residences will be comprised of 23 full floor apartments of approximately 4,600 square feet each, with 225 feet of exterior exposures; seven duplex apartments each approximately 9,100 square feet; and one triplex apartment with 12,400 interior square feet and 1,150 square feet of exterior space. Additionally, the duplex and triplex apartments will have uninterrupted views of Central Park, the Upper East Side and Midtown.
Each residence will feature select-cut solid white oak hardwood flooring in herringbone and overlay patterns and a variety of over 10 exquisite marble treatments. All master bathroom suites will be comprised of two full baths complete with steam showers and soaking tub.
Building amenities include a private, two-story 8,000-square-foot world class health club featuring exercise room, pool and locker rooms facilities, a 1,800-square-foot ground floor private exterior garden, wine storage, bicycle storage, private resident storage spaces and a library.
Residents and guests will enter the building through a double arched entrance with a suspended bronze canopy, leading into a soaring lobby with 25-foot coffered ceilings and a welcoming limestone fireplace. The floors and walls in the lobby are limestone with French walnut wood in the wall treatment, and satin bronze detailing. A finely crafted Venetian plaster ceiling carries through with the wood accents as well.
“Working with our partners, Zeckendorf Development and Eyal Ofer’s Global Holdings, along with architect Robert A.M. Stern, we are confident that 520 Park Avenue will be a notable and welcome addition to the New York City skyline,” Rafael Nasser, co-founder of Park Sixty LLC, says.
Construction is expected to be completed in early 2017, with sales and marketing to commence imminently.