520 Park Avenue
{{Short description|Residential skyscraper in Manhattan, New York}}
{{Use mdy dates|date=August 2019}}
{{Infobox building
| name = 520 Park Avenue
| mapframe-wikidata = yes
| coordinates = {{Coord|40|45|50.5|N|73|58|12|W|display=inline,title}}
| image = 520 Park Avenue April 2018.jpg
| image_size =
| caption = 520 Park Avenue, April 2018
| architectural_style=New classical
| status = Completed
| start_date = 2014
| completion_date = 2018
| architect = Robert A.M. Stern Architects
| floor_area =
| floor_count = 54
| building_type = Residential
| roof =
| structural_engineer=
| main_contractor =
| height = {{convert|781|ft|m|abbr=on}}
| developer = Zeckendorf Development
}}
520 Park Avenue is a skyscraper on East 60th Street near Park Avenue on the Upper East Side of Manhattan, New York City.{{Cite news|url=https://www.wsj.com/articles/two-new-york-duplexes-asking-over-70-million-sell-1497541802|title=New York Tower Inks Two Deals for Condos Priced Over $70 Million Each|last=Taylor|first=Candace|date=2017-06-15|work=Wall Street Journal|access-date=2018-04-22|language=en-US|issn=0099-9660}} It was designed by Robert A.M. Stern Architects and completed in 2018.{{cite web|url=http://ny.curbed.com/archives/2014/09/18/selfproclaimed_next_15_central_park_west_is_poised_to_launch.php|title=Self-Proclaimed Next 15 Central Park West Is Poised To Launch|last=Rosenberg|first=Zoe|date=18 September 2014|publisher=Vox Media (Curbed)|access-date=27 March 2015}} The building was funded through a US$450 million construction loan from The Children's Investment Fund.{{cite news|last1=Voien|first1=Guelda|title=Zeckendorfs Lock Down $450M For 520 Park Avenue|url=http://commercialobserver.com/2014/10/zeckendorfs-lock-down-450m-for-520-park-avenue/|access-date=27 March 2015|work=Commercial Observer|date=October 29, 2014}} At 781 feet tall, it is the 36th tallest building in New York City and the tallest on the Upper East Side.{{cite web |title=54-Story, 33-Unit Luxury Residential Tower Tops Out at 520 Park Avenue, Upper East Side |url=https://www.yimbynews.com/2017/04/54-story-33-unit-luxury-residential-tower-tops-out-at-520-park-avenue-upper-east-side.html |publisher=YimbyNews.com |access-date=June 28, 2018 |archive-url=https://web.archive.org/web/20180628204957/https://www.yimbynews.com/2017/04/54-story-33-unit-luxury-residential-tower-tops-out-at-520-park-avenue-upper-east-side.html |archive-date=June 28, 2018 |url-status=dead }} Arthur and William Lie Zeckendorf of Zeckendorf Development developed the building.{{Cite web|url = http://therealdeal.com/blog/tag/michael-graves/|title = Will Zeckendorfs get a record $130M for 520 Park penthouse?|date = September 26, 2014|website = The Real Deal, New York Real Estate News|archive-url = https://web.archive.org/web/20151222065806/http://therealdeal.com/blog/tag/michael-graves/|archive-date = December 22, 2015|url-status = dead}}{{Cite news|url=https://www.wsj.com/articles/SB10001424127887324031404578479253519720418|title=Developers Team Up With a Man Behind the Scenes|last=Karmin|first=Craig|date=2013-05-13|work=Wall Street Journal|access-date=2018-04-22|language=en-US|issn=0099-9660}}{{Cite web|url=http://www.globes.co.il/en/article-1000016733|title=15 Central Park West construction commences - Globes English|website=Globes|language=he|access-date=2018-04-22}}
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.{{Cite news|url=https://www.forbes.com/sites/erincarlyle/2014/09/24/manhattans-new-most-expensive-listing-a-130-million-park-avenue-penthouse/#2fea50e04a0c|title=Manhattan's New Most Expensive Listing: A $130 Million Park Avenue Penthouse|last=Carlyle|first=Erin|date=September 24, 2014|work=Forbes|access-date=2018-04-22|language=en}}
The building has 35 apartments in its 64 stories including a $130 million triplex penthouse.{{Cite news|last=Kussin|first=Zachary|url=https://nypost.com/2017/09/20/meet-the-ultra-rich-bigwigs-dropping-millions-at-secretive-park-ave-tower/|title=Meet the ultra-rich bigwigs dropping millions at secretive Park Ave. tower|date=2017-09-20|work=New York Post|access-date=2018-04-22|language=en-US}} Prices begin at over $20 million for a {{convert|4,600|sqft|m2}} apartment, and residences close to the top have balconies.{{Cite news|last=Kussin|first=Zachary|url=https://nypost.com/2016/02/11/tall-deck-handsome-gothams-glitziest-balconies/|title=Tall, deck & handsome: Gotham’s glitziest balconies|date=2016-02-11|work=New York Post|access-date=2018-04-22|language=en-US}}{{Cite news|last=Hylton|first=Ondel|date=October 16, 2015|url=http://www.businessinsider.com/first-look-520-park-avenues-130-million-penthouse-2015-10|title=A rising tower on New York's Billionaires' Row will have a $130 million penthouse — here's your first look|work=Business Insider|access-date=2018-04-22}}
=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 {{convert|15,000|sqft|m2}} of amenities and amenity spaces for residents.{{cite web|url=http://www.archdaily.com/579435/interior-renders-of-robert-am-stern-s-520-park-avenue-nyc-s-most-expensive-apartment-building/|title=Interior Renders of Robert AM Stern’s 520 Park Avenue, NYC’s Most Expensive Apartment Building|last=Schulz|first=Dana|date=20 December 2014|publisher=ArchDaily|language=en|access-date=4 April 2015}}{{Cite news|url=http://www.llnyc.com/stories/homes-so-entertaining-youll-never-want-to-leave|title=Homes so entertaining you’ll never want to leave|work=Luxury Listings NYC|access-date=2018-04-22|language=en-US}}
History
File:520 Park Av fr QBB ramp jeh.jpg
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.{{cite news|newspaper=Wall Street Journal|url=https://blogs.wsj.com/metropolis/2012/12/19/for-new-condos-zeckendorfs-are-sticking-with-stern/|title=For New Condos, Zeckendorfs Are Sticking With Stern|date=December 19, 2012|last=Kusisto|first=Laura}} Shortly after, the developers purchased {{convert|70,000|sqft|m2}} of air rights from the neighboring Christ Church United Methodist and Grolier Club for over $40 million.{{cite news|url=https://www.nytimes.com/2013/02/26/nyregion/zeckendorfs-pay-40-million-for-park-avenue-churchs-air-rights.html|title=$40 Million in Air Rights Will Let East Side Tower Soar|date=February 26, 2013|last=Bagli|first=Charles V.|newspaper=The New York Times}} The design was officially unveiled in March 2014, and the building was completed in 2018.{{cite news|newspaper=Wall Street Journal|url=https://www.wsj.com/articles/new-tower-to-join-billionaires-row-1395711647|title=New Tower to Join 'Billionaires Row'|date=March 24, 2014|last=Barbanel|first=Josh}} The last penthouse unit was sold in 2024.{{cite web | last=Indursky | first=Jake | title=Zeckendorfs’ final penthouse at 520 Park Avenue sells for $79M | website=The Real Deal | date=November 21, 2024 | url=https://therealdeal.com/new-york/2024/11/21/penthouse-at-zeckendorfs-520-park-avenue-sells-for-79m/ | access-date=November 26, 2024}}
Notable residents
Residents who have purchased units include:
- Orlando Bravo, private equity investment manager
- Frank Fertitta III, the former owner of UFC{{Cite web|url=https://ny.curbed.com/2017/8/17/16159938/nyc-penthouse-sold-frank-fertitta-robert-am-stern|title=Las Vegas billionaire snags one of 520 Park Avenue’s $70M penthouses|last=Plitt|first=Amy|date=2017-08-17|website=Curbed NY|access-date=2019-01-15}}
- James Dyson, the founder of Dyson{{cite web |last1=Plitt |first1=Amy |title=Dyson vacuum inventor snags $74M Park Avenue penthouse |url=https://ny.curbed.com/2018/11/20/18104721/james-dyson-upper-east-side-penthouse-sold-zeckendorf |website=Curbed NY |access-date=15 October 2020 |language=en |date=20 November 2018}}
- Ken Moelis, an investment banker{{Cite news|url=https://www.wsj.com/articles/wall-street-rainmaker-shells-out-62-million-for-manhattan-penthouse-1543420249|title=Wall Street Rainmaker Shells out $62 Million for Manhattan Penthouse|last=Clarke|first=Katherine|date=2018-11-28|work=Wall Street Journal|access-date=2019-01-15|language=en-US|issn=0099-9660}}
- Bob Diamond, former CEO of Barclays
- Ronn Torossian, a public relations executive{{Cite news|last=Kussin|first=Zachary|url=https://nypost.com/2018/05/02/latest-millionaire-buyer-at-posh-park-ave-tower-revealed/|title=Latest millionaire buyer at posh Park Ave. tower revealed|date=2018-05-02|work=New York Post|access-date=2018-05-03|language=en-US}}
References
{{Reflist}}
== External links ==
{{Commons category}}
- {{official website|http://www.520parkavenue.com}}
{{Park Avenue}}
{{Upper East Side|state=collapsed}}
Category:Residential skyscrapers in Manhattan
Category:Robert A. M. Stern buildings
Category:Residential buildings completed in 2018
Category:Condominiums and housing cooperatives in Manhattan