Earlier this month, the Wall Street Journal profiled broker-turned-developer Michael Shvo and revealed his development company SHVO now has more than $4 billion dollars worth of projects in the works for the city. While many are still in planning stages and have yet to be released to the public, construction is moving ahead on a trio of condominium developments along Manhattan’s western spine — the Getty, 125 Greenwich Street, and 565 Broome SoHo (as a development partner). While varied in neighborhood and scale, they all enlist high-caliber architects and will bring Shvo’s characteristic high level of attention to detail and “pursuit of perfection.”
Image of Rafael Viñoly via Rafael Viñoly Architects Facebook page for Fall 2011/Winter 2012 issue of Pin-Up: Magazine for Architectural Entertainment
On Monday, the architecture world was gobbling up the comments starchitect Rafael Viñoly made about 432 Park Avenue at a Douglas Elliman talk last week. He admitted that the 1,400-foot supertall “has a couple of screw-ups,” referring to the interior design and layout, as well as the window framing, which he blamed on developer Harry Macklowe. But it looks like the architect is a bit red in the face, because he penned a lengthy public letter to design blog Dezeen apologizing for his loose lips.
“In the context of what we understood to be a private and off-the-record conversation, I expressed frustration, inartfully, about the consequences of my profession’s diminished position in the real estate development eco-system. Sometimes I get a little excited and say things that can easily be taken out of context and stripped of their humor. I have to improve,” he said.
432 Park Avenue is the supertall that New Yorkers love to hate. From calling it the “oligarch’s erection” to spilling the beans about cracks in its facade, critics of the tallest residential building in the western hemisphere are quick to try to bring the tower down from its 1,400-foot pedestal. And strangely, its very own architect is the latest jump on the bandwagon.
The Post reports that Rafael Viñoly admitted at a Douglas Elliman talk last week that his creation “has a couple of screw-ups,” namely the window framing, which he blames on developer Harry Macklowe, and the tiny issue of “the interior design and layout.” (And The Real Deal has an entire roundup of zingers he delivered during the talk.)
News broke back in May that a low-rise Rafael Viñoly-designed building was coming to the former site of Prince Lumber at 61 Ninth Avenue in the Meatpacking District. Until now, no design details have emerged for the nine-story office and retail building, but 6sqft has uncovered Viñoly’s renderings, which show a stacked cube design with many terraces along its asymmetrical glass facade.
The address also made headlines today because its base will hold the largest Starbucks store in the world. The 20,000-square-foot facility known as the Starbucks Reserve Roastery and Tasting Room will be “part of a push to bolster growth with larger locations that offer experiences to customers,” reports Crain’s.
It’s been some time since 6sqft checked on 125 Greenwich Street, a slender tower that will soar more than 1,000 feet high and offer a limited collection of condominium residences with unparalleled views of the lower Manhattan skyline and beyond. Developed by a joint venture comprised of Michael Shvo, Bizzi + Partners Development, and Howard Lorber’s Vector Group, the 9,000-square-foot corner site will yield 275 compact residences spread over 306,000 square feet of space, along with a retail- and amenity-filled podium. Plans submitted to the Department of Buildings in October show that most of the building’s floor plates will house six apartments each.
In December, the Post reported that Bill Ackman had tapped starchitect Rafael Vinoly (the designer of 432 Park Avenue) to re-imagine 787 Eleventh Avenue along Manhattan’s “Automobile Row” in Hell’s Kitchen. Ackman’s Pershing Square Capital Management intends to relocate to the top floors of the building, and permits filed yesterday indicate that plans are moving forward. The 100-foot-tall structure will receive a two-story, 60-foot-tall addition, which will add nearly 20,000 square feet of construction floor area to the 460,000-square-foot building.
432 Park Avenue recorded its first closing last week: a 4,000-square-foot, 35th-floor pad that sold for a cool $18.1 million. For the critics who find the supertower’s minimalist exterior and Deborah Berke-designed interiors a bit too austere, take a peek at this layout designed by the classically-attuned firm of Atelier & Co.
The unit’s square footage and its north-, south-, and east-facing exposures are akin to the unit that closed last week. Raphel Viñoly/WSP Cantor Seinuk’s structural tube design provides column-free layouts, allowing for flexible reconfiguration of interior spaces. For this 40th floor spread, Atelier nearly doubles the size of the master bedroom and removes the sitting room to create a vast living and dining area dissected by a grand and ornate bookcase.
And so it begins! Closings at Macklowe Properties/CIM Group‘s Billionaires’ Row blockbuster 432 Park Avenue have officially commenced with its first sale showing an impressive $18.116 million figure, as city records released this afternoon reveal. The unit is #35B, a massive 4,003-square-foot, three-bedroom pad with four-and-a-half baths, a private elevator landing, and 10-foot by 10-foot windows providing southern and western exposures with park views. Documents show that the palatial home was purchased via a LLC, 432 PARKVIEW.
Now that Macklowe Properties‘/CIM Group‘s 432 Park Avenue is nearing completion, with occupancy slated to begin in mid-2016 and 70 percent of units reportedly in contract, the development’s marketing and branding agency DBOX has released a bevy of never-before-seen images of our skyline’s newest icon. Being the tower of superlatives it is, it comes as no surprise that it boasts a marketing campaign to match. Employing sky-cams, drone photography, a million-dollar film, and breath-taking renderings and photography, 432 Park has perhaps the most elaborate promotional campaign ever conceived for a Manhattan condominium.
With dozens of spectacular images to choose from, we hand picked a few to recap the development of this monumental supertower. We’ve also put together a timeline in numbers–from its record breaking height to its 1,200-pound marble sinks–to illustrate the extraordinary undertaking that has paved the way for the tower to become the most successful and desirable condominium ever erected in the city (sorry One57).
Is the Western Hemisphere’s tallest residential tower already experiencing some construction defects? According to a recent blog post by real estate author Michael Gross (h/t Curbed), 432 Park Avenue is showing signs of wear. Gross writes that “Two unconnected sources confirm that the architectural concrete that covers the poured concrete tower has already developed cracks, and that scaffolds hanging from the pillar in recent weeks were there because Nicholson Galloway, a top masonry restoration company, was hired to coat the structure with some ‘nasty stuff,’ as one of those sources puts it, called Silane that will seal those fissures.”