Business

Apartments Go On The Market At Nation’s Soon-To-Be-Tallest Residential Skyscraper

432 Park Ave.

A rendering of the residential skyscraper at 432 Park Ave. (Credit: dbox for CIM Group and Macklowe Properties)

NEW YORK (CBSNewYork) — If you have at least $20 million at your disposal, you may now purchase an apartment in what will become the tallest residential tower in the Western Hemisphere.

A news release from developers CIM Group and Macklowe Properties said the residential skyscraper at 432 Park Ave. – between 56th and 57th streets – officially went on the market Wednesday. A sales center is now open at 767 Fifth Ave., for the 1,396-foot building designed by celebrity architect Rafael Vinoly, which will be completed in 2015.

While it officially went on the market Wednesday, the project has been quietly marketing units for sale for some time, and more than one third of the units were already under contract.

Published reports said the condominiums at 432 Park Ave., currently range in price from $20 million to $82.5 million.

The 147 residences in the building include private elevator landings, separate service entries, windowed his-and-her bathrooms, and master bathrooms with book-matched slabs of Italian statuario marble and freestanding soaking tubs, the release said. Residents can also purchase their very own climate-controlled wine cellars, office suites and staff apartments.

Residents of the building will also have access to 30,000 square feet of amenities, including a private restaurant, an outdoor garden for dining and special events, a private spa and fitness center with a sauna and steam and massage rooms, a 75-foot swimming pool, a screening room, and a billiards room. The building’s handpicked staff will provide in-suite catering and concierge services.

Upon completion, the building will be the tallest building in New York City to the roof, and the second tallest in total height behind One World Trade Center.

The historic Drake Hotel, which dated from 1926, was demolished to make way for the new residential skyscraper.

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