Developers Harry Macklowe and CIM have already begun construction on 432 Park, the soaring tower which will drastically change the Manhattan skyline forever.
A collection of striking images were recently released on what will be the tallest residential tower in the U.S., at 1,395 feet. The renderings show the building through the day from different angles. The building looks quite different from its rival, One57, which with its waterfall-like façade looks different from all sides. 432 Park is singular from all sides.
Here are some interesting facts, courtesy of the Wall Street Journal:
The tower is designed by Rafael Vinoly and developed by Harry Macklowe. The expected cost is $1.2 billion, however, when the project is completed, CIM projects that it would net $2.5 billion from sales of residential units and other space, which is mostly retail.
There will be 128 units that will vary in size from 1,390 square feet to more than 8,000 square feet, asking on average $4,500 per square foot. This is below the average resale prices at Time Warner Center and asking prices at One57.
The developers expect to pre-sell 40 of them, and then sell four per month. Closings will most likely begin October 2014. Expected completion is Spring/Summer of 2015.
Additionally, there will be 25 studios for sale for owners “to house residential support staff.”
This soaring tower at 432 Park is the new building to watch. For more information, please contact Sarah Goot at email@example.com or 212-452-3070.
SOURCE (The Observer)