520 Park Avenue

520 Park Avenue is a skyscraper on East 60th Street near Park Avenue on the Upper East Side of Manhattan, New York City.[1] It was designed by Robert A.M. Stern Architects and completed in 2018.[2] The building was funded through a US$450 million construction loan from The Children's Investment Fund.[3] At 781 feet tall, it is the 36th tallest building in New York City and the tallest on the Upper East Side.[4] Arthur and William Lie Zeckendorf of Zeckendorf Development developed the building.[5][6][7]

520 Park Avenue
520 Park Avenue, April 2018
General information
StatusCompleted
TypeResidential
Architectural styleNew classical
Coordinates40°45′50.5″N 73°58′12″W
Construction started2014
Completed2018
Height781 ft (238 m)
Technical details
Floor count54
Design and construction
Architect(s)Robert A.M. Stern Architects
DeveloperZeckendorf Development

Architecture

Like much of Stern's work, the building is New Classical in style. The exterior of the building is clad in limestone, similar to Stern's other New York City skyscrapers including 15 Central Park West, 30 Park Place and 220 Central Park South. The developer, Arthur Zeckendorf has described the building as the East Side sister of 15 Central Park West.[8]

The building has 35 apartments in its 64 stories including a $130 million triplex penthouse.[9] Prices begin at over $20 million for a 4,600 square feet (430 m2) apartment, and residences close to the top have balconies.[10][11]

Amenities

The building includes an outside garden, private movie theater, children's playroom, swimming pool, wine cellars and a bi-level fitness center. The building offers more than 15,000 square feet (1,400 m2) of amenities and amenity spaces for residents.[12][13][10]

History
February 2020

The developers had been planning a building since 2006, but were delayed by difficulties vacating the previous commercial building on the site. Plans for the building were first announced in December 2012, with the selection of Robert A.M. Stern Architects.[14] Shortly after, the developers purchased 70,000 square feet (6,500 m2) of air rights from the neighboring Christ Church United Methodist and Grolier Club for over $40 million.[15] The building's design was officially unveiled in March 2014 and was completed in 2018.[16]

Notable residents

Residents who have purchased units include:

References
  1. Taylor, Candace (June 15, 2017). "New York Tower Inks Two Deals for Condos Priced Over $70 Million Each". Wall Street Journal. ISSN 0099-9660. Retrieved April 22, 2018.
  2. Rosenberg, Zoe (September 18, 2014). "Self-Proclaimed Next 15 Central Park West Is Poised To Launch". Vox Media (Curbed). Retrieved March 27, 2015.
  3. Voien, Guelda (October 29, 2014). "Zeckendorfs Lock Down $450M For 520 Park Avenue". Commercial Observer. Retrieved March 27, 2015.
  4. "54-Story, 33-Unit Luxury Residential Tower Tops Out at 520 Park Avenue, Upper East Side". YimbyNews.com. Archived from the original on June 28, 2018. Retrieved June 28, 2018.
  5. "Will Zeckendorfs get a record $130M for 520 Park penthouse?". The Real Deal, New York Real Estate News. September 26, 2014. Archived from the original on December 22, 2015.
  6. Karmin, Craig (May 13, 2013). "Developers Team Up With a Man Behind the Scenes". Wall Street Journal. ISSN 0099-9660. Retrieved April 22, 2018.
  7. "15 Central Park West construction commences - Globes English". Globes (in Hebrew). Retrieved April 22, 2018.
  8. Carlyle, Erin (September 24, 2014). "Manhattan's New Most Expensive Listing: A $130 Million Park Avenue Penthouse". Forbes. Retrieved April 22, 2018.
  9. Kussin, Zachary (September 20, 2017). "Meet the ultra-rich bigwigs dropping millions at secretive Park Ave. tower". New York Post. Retrieved April 22, 2018.
  10. Kussin, Zachary (February 11, 2016). "Tall, deck & handsome: Gotham's glitziest balconies". New York Post. Retrieved April 22, 2018.
  11. Hylton, Ondel (October 16, 2015). "A rising tower on New York's Billionaires' Row will have a $130 million penthouse — here's your first look". Business Insider. Retrieved April 22, 2018.
  12. Schulz, Dana (December 20, 2014). "Interior Renders of Robert AM Stern's 520 Park Avenue, NYC's Most Expensive Apartment Building". ArchDaily. Retrieved April 4, 2015.
  13. "Homes so entertaining you'll never want to leave". Luxury Listings NYC. Retrieved April 22, 2018.
  14. Kusisto, Laura (December 19, 2012). "For New Condos, Zeckendorfs Are Sticking With Stern". Wall Street Journal.
  15. Bagli, Charles V. (February 26, 2013). "$40 Million in Air Rights Will Let East Side Tower Soar". The New York Times.
  16. Barbanel, Josh (March 24, 2014). "New Tower to Join 'Billionaires Row'". Wall Street Journal.
  17. Plitt, Amy (August 17, 2017). "Las Vegas billionaire snags one of 520 Park Avenue's $70M penthouses". Curbed NY. Retrieved January 15, 2019.
  18. Plitt, Amy (November 20, 2018). "Dyson vacuum inventor snags $74M Park Avenue penthouse". Curbed NY. Retrieved October 15, 2020.
  19. Clarke, Katherine (November 28, 2018). "Wall Street Rainmaker Shells out $62 Million for Manhattan Penthouse". Wall Street Journal. ISSN 0099-9660. Retrieved January 15, 2019.
  20. Kussin, Zachary (May 2, 2018). "Latest millionaire buyer at posh Park Ave. tower revealed". New York Post. Retrieved May 3, 2018.
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