May 29, 2013 | Comments 0
CIM Group and Macklowe Properties recently announced that its landmark 432 Park Avenue project has achieved nearly US$1 billion in sales. Buyers are predominantly from the US, with others coming from China, Russia, the Middle East, South America, and the UK.
With expected completion in 2015, the 1,396 ft tower, designed by Rafael Viñoly, will become the tallest building in New York City and also the tallest residential tower in the Western Hemisphere.
Located on Park Avenue between 56th and 57th street, the slim, square tower will ascend 96 storeys and will be constructed using architectural concrete, steel, and glass. All windows measure an expansive 10 ft by 10 ft, flooding residences with abundant natural light and providing spectacular views of Central Park, the Hudson and East Rivers, the Atlantic Ocean, and many iconic Manhattan buildings and avenues.
In the tradition of New York City’s finest apartment houses and hotels, residents will benefit from 30,000 sq ft of amenities, including a private restaurant, outdoor garden for dining and events, spa and fitness centre with sauna, steam and massage rooms, 75 ft swimming pool, library, lounge, billiards room, screening room and performance venue, children’s playroom, and boardroom. They will also enjoy in-suite catering, concierge, 24-hour doorman, and valet parking services provided by the building’s own staff.
The interiors feature 12.5 ft finished ceilings, solid oak flooring, custom hardware, and the high quality natural materials and the residences include private elevator landings, separate service entrances, eat-in kitchens, windowed his-and-her bathrooms and large master suites with adjoining dressing rooms
The kitchens are fitted with custom cabinetry, Miele stainless steel appliances, Dornbracht fixtures, and marble countertops and flooring, while the master bathrooms are finished with book-matched slabs of Italian statuario marble and contain freestanding soaking tubs, custom vanity units and radiant-heated floors.
“432 Park Avenue is quickly becoming one of New York City’s most prestigious addresses and a worthy addition to its unparalleled skyline”, said Avi Shemesh, co-founder and principal at CIM, the real estate and infrastructure investment firm behind the project. “Our experience in developing large transformative urban projects made 432 Park Avenue a natural fit with our investment philosophy and management style. We are confident that we are creating tremendous value for residents, our investors, and New York City.”
Residences at 432 Park Avenue are offered from US$7 million – US$95 million.
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