Construction plans were approved for 432 Park Avenue in 2011 and excavations began the next year. The project faced delays for five years because of lack of financing as well as difficulties in acquiring the properties on the site. The skyscraper has received mixed reviews from both professionals and the public, with commentary about both its slenderness and its symbolism as a residence for the ultra-wealthy.Ĥ32 Park Avenue is located on the site of the former Drake Hotel, which was sold to Macklowe in 2006. It features 125 condominiums and amenities such as a private restaurant for residents. The tower is segmented into 12-story blocks separated by open double-story mechanical spaces that allow wind gusts to pass through the building.
The tower's exterior is a lattice of poured-in-place concrete made from white Portland cement. As of 2022, it is the sixth-tallest building in the United States, the fifth-tallest building in New York City, and the third-tallest residential building in the world.Ĥ32 Park Avenue has 84 numbered stories and a mezzanine above ground.
At the time of its completion, 432 Park Avenue was the third-tallest building in the United States and the tallest residential building in the world. A part of Billionaires' Row, 432 Park Avenue has some of the most expensive residences in the city, with the median unit selling for tens of millions of dollars. The 1,396-foot-tall (425.5 m) tower was developed by CIM Group and Harry B. Rafael Viñoly and SLCE Architects, LLPĤ32 Park Avenue is a residential skyscraper at 57th Street and Park Avenue in Midtown Manhattan in New York City, overlooking Central Park.
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