Trading floor rendering courtesy of L&L Holding
It’s been more than five years since L&L Holding Company broke ground on the 47-story Norman Foster-designed office tower at 425 Park Avenue, but it’s finally nearing the finish line. The 897-foot building is notable for its triple-height diagrid floors and the set of three ornamental fins at the crown that will be illuminated at night. It will be the first full-block tower along this stretch of Park Avenue in half a century, joining the likes of the Seagram Building and Lever House.
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A year ago today, Zaha Hadid’s sudden passing at age 65 rocked the architecture world. Best known for her signature swooping and curving forms and for being the first female to win the Pritzker Prize, she surprisingly has only one project in NYC, the under-construction 520 West 28th Street. Likely due to an unwillingness to tame her energetic visions to suit a developer’s bottom line, the majority of her work envisioned for the city remains unbuilt. To mark the one-year anniversary of her passing and to pay tribute to her “larger than life” creations and personality, 6sqft has rounded up Zaha Hadid’s projects and proposals for NYC.
All the projects, this way
Park Avenue has for decades been the office district of choice for many of the city’s high-profile–and high-rent–corporations. But a recent Crain’s article points to impending departures–such as the decision of investment firm Black Rock to decamp for new space in Hudson Yards or the World Trade Center, raising the question of whether the avenue’s biggest office zone, from East 45th to East 59th streets, is falling out of favor with big-ticket business tenants.
The city’s office market is, without a doubt, changing. Industries like tech are growing and the financial industry is consolidating and in some cases downsizing its office space. The neighborhood, which charges the city’s highest average rents, has been slow to catch up with the needs of new office tenants.
People moving out, people moving in