There will soon be a new neighbour on the block in the New York luxury skyline. Located on Park Avenue, between 56th and 57th Streets and developed by CIM Group and Macklowe Properties, 432 Park Avenue is to be the tallest residential tower in the Western hemisphere upon its completion, standing at 1,396ft. The views from this glittering, innovative addition to the New York luxury real estate scene will have soaring views with homes reaching 1271ft. Residents will be able to see the entire city from the Hudson River to the East River, from the Bronx to Brooklyn and from Central Park to the Atlantic Ocean.
With 12ft 6 ceiling heights in the apartments and 10x10ft windows, residents will experience a grand, spacious way of living, suspended in the sky. Amenities for the building will include a glamorous lounge, a restaurant, an outdoor terrace, a gym, a billiards room, a large indoor swimming pool, a spa complex and a massage therapy room.
The magnificent structure was designed by Rafael Vinoly and will have 104 units, including ten floors of penthouses ranging in price from $16.95m to $95m. Interiors were designed by Deborah Burke.
Apartments will include private elevator lan
dings, separate service entrances, eat-in kitchens, his and her bathrooms and large master suites with adjoining dressing rooms. Solid oak flooring, custom hardware and high quality natural material are also features.
Residents will also have access to climate controlled wine cellars, staff apartments, storage facilities and office suites. Bathrooms include Italian statuario marble, with freestanding bath tubs and under floor heating.
It is thought that there are plans for eight of so more ultra-luxe towers in and around Manhattan, with the boom in wealth among ultra high net worth individuals making this possible. In New York it is estimated that 8,655 full-time residents are categorised as UHNWs, the most of any city around the globe.
“432 Park Avenue is quickly becoming one of New York City’s most prestigious addresses and a worthy addition to its unparalleled skyline,” Avi Shemesh, CIM Co-Founder and Principal, mentioned.
“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.”
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