As of 2023, 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. The tower's exterior is a lattice of poured-in-place concrete made from white Portland cement. The tower is segmented into 12-story blocks separated by open double-story mechanical spaces that allow wind gusts to pass through the building. It features 125 condominiums and amenities such as a private restaurant for residents. 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. The project faced delays for five years because of lack of financing as well as difficulties in acquiring the properties on the site. Construction plans were approved for 432 Park Avenue in 2011 and excavations began the next year. Sales within 432 Park Avenue were launched in 2013 the building topped out during October 2014 and was officially completed in 2015.
After the building's completion, residents complained of mechanical and structural problems, leading to a lawsuit in late 2021.
The building is located in the Midtown Manhattan neighborhood of New York City.
It is in the middle of the block bounded by 56th Street to the south, Madison Avenue to the west, 57th Street to the north, and Park Avenue to the east. The roughly L-shaped lot encompasses 34,470 square feet (3,202 m 2). The tower is centered within the block, while its base extends east along 56th Street to Park Avenue. The base has a frontage of 75 feet (23 m) on Park Avenue, though its main entrance is on 56th Street.
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