By Joshua Ayers, Senior Editor
New York—CIM Group and Macklowe Properties have announced the topping out of the building located at 432 Park Avenue in Manhattan, between 57th and 56th streets. The 1,396-foot height of the condo development makes it the tallest residential building in the Western Hemisphere and the second tallest building in New York City behind the 1,776-foot (to top of the spire) One World Trade Center building—commonly referred to as Freedom Tower.
“The topping out of 432 Park Avenue ahead of schedule is a testament to the efforts of CIM’s internal investment and development resources and the talented project team assembled to reach this important milestone toward the completion of 432 Park Avenue,” says Avi Shemesh, Principal and Co-Founder of CIM Group.
Lend Lease is serving as the general contractor for the project and a press release reported that more than 6,500 trucks of concrete have been delivered to the site, where workers have placed more than 70,000 cubic yards of concrete and 12,500 tons of rebar.
“We’re very proud to celebrate the topping out of this world-class project that has reshaped the New York City skyline,” says Anthony Mannion, Principal-in-Charge, Lend Lease LMB Inc. “I want to acknowledge the combined efforts of CIM Group, Macklowe Properties, our design and construction partners and the Lend Lease project team for reaching this important project milestone, and especially thank the trades people who have worked tirelessly to get us to this point.”
Once completed, 432 Park Avenue will offer residents views that span from Central Park to the Atlantic Ocean and from lower Manhattan to Connecticut. Construction on the building is ahead of schedule and resident occupancy is expected to occur next year.
The Rafael Vinoly-designed structure rests on a perfect square of architectural concrete and features oversized 10-foot by 10-foot windows that allow for an abundance of natural light into the building’s 104 luxury residences. The first floor of residences begins starts 346 feet above ground level. Units will be available in half-floor or full-floor penthouses, all of which will range in size from 3,575 to 8,255 square feet. Prices for the remaining available units start at $16.95 million.
The Deborah Berke-designed units include expansive floor plan options with 12.5-inch ceiling heights, solid oak flooring, Italian marble countertops and other high-end finishes and appliances.
The luxury experience at 432 Park Avenue will extend far beyond the residences and into exclusive amenities and services. Residents will have access to 30,000 square feet of amenity space that includes an outdoor garden for dining and events, a spa and fitness center with sauna, steam and massage rooms, as well as a 25-yard indoor swimming pool, a library, a lounge, billiards room, screening room, a performance venue, children’s playroom, board room and a private restaurant. Services include in-suite catering, concierge, a 24-hour doorman and valet parking.
In addition to the amenities and services, residents will also have the option to purchase additional spaces including climate-controlled wine cellars, office suites, staff apartments and additional storage.
“In this second decade of the 21st Century, we are privileged to have been part of creating something that will join the pantheon of legendary 20th Century structures like the Chrysler, The Empire State and the Woolworth Buildings,” says Harry Macklowe, chairman of Macklowe Properties.