432 Park Avenue in New York City

5 August 2015 | Author/Destination: | Rubric: General, New York City Reading Time:  7 minutes

Tallest buildings in New York City © Ali Zifan modified by DigbyDalton

Tallest buildings in New York City © Ali Zifan modified by DigbyDalton

432 Park Avenue is a supertall residential project with 104 condominium apartments developed by CIM Group in Midtown Manhattan, New York City. Originally proposed to be 1,300 feet (396 m) in 2011, construction began in 2012 and is scheduled to be completed in 2015. The building required the demolition of the 495-room Drake Hotel, which had been built in 1926. In 2006, the hotel was sold for $440 million to developer Harry Macklowe, and the hotel was demolished the year afterward. The site became one of New York’s most valuable development sites due to its location, between East 56th and 57th Streets on the west side of Park Avenue.   read more…

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