Articles on Park Avenue

Luxurious 1010 Park Avenue is Finally Complete

Three years ago, plans for 1010 Park Avenue were approved and construction on the site has been underway ever since. Now, the building has finally been completed and sales will be launching soon for this gorgeous new Upper East Side development.

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Your Top Ten Midtown Beans and Brews

Its a Monday morning, that post lunch snooze, midweek crisis, or that wee-hour flight you have to catch - that aromatic caffeine concoction is the solution to it all. A typical New Yorker on the go, is easy to spot - that hurried pace, all wired-up, breakfast to go, and hot/iced coffee on hand, this completes the look for a long day ahead. So, here is our pick for the best coffee shops in Midtown Manhattan.

NYC’s Tallest Tower Headed to Park Avenue

The Manhattan skyline from Central ParkNew York City is known for its skyscrapers and high-rise buildings towering over the bustling city below. Well, there will soon be a new kid on the block that will be the tallest apartment building in the city. Located at Park Avenue and East 56th Street and standing about 1,397 feet and rising 95-stories, 432 Park Avenue will beat out One57 by 400 feet, shoving its closest competitor to the side upon completion in the next few years. It is expected that once construction gets underway on this condominium tower, Manhattan’s real estate will soon be battling it up for superlatives.

More Records Broken with $52.2 Million Co-Op Sale

740 Park Venue in ManhattanMay continues to be a record-breaking month for Manhattan real estate, as the sale of a Park Avenue apartment proved to be the most paid for a co-op in city history. The 30-room unit is spread out over two of 740 Park Avenue's floors, one of New York City's oldest, highest-profile residences. Although the childhood home of Jacqueline Kennedy Onassis was initially listed at $60 million, it was purchased for $52.5 million by investor Howard Marks.

Drake Tower: Tallest Residential Building in Manhattan on the Way

An artist's rendering of Drake Tower on 432 Park AvenueIt’s an encouraging sign that, even in a weak economy, developers are still willing to take risks in new construction. None of those risks are bigger (literally) than the Drake Tower at 432 Park Ave, which will be the largest residential tower in all of Manhattan when completed. The current designs have this massive luxury condominium standing at over 1,300 feet, a good couple hundred feet higher than any luxury residential tower currently standing in Manhattan. A partnership between developer Harry Macklowe and CIM Group, a Los Angeles real-estate company, has kept the project moving forward despite a general slowdown in large luxury condo construction. When 432 Park Ave construction begins, it will set a new standard for luxury condominiums in Manhattan and stand as a powerful symbol that better things are yet to come.