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432 Park Avenue Will Be Tallest Residential Tower In the Western Hemisphere

Macklowe, CIM plan another $85M penthouse at 432 Park

Not content to simply break the record for the tallest residential tower in New York City, the developers of 432 Park Avenue are seeking to further capitalize on the project’s height. Macklowe Properties and California-based CIM Group, which are jointly developing the luxury condominiums, want to slice the top-floor penthouse into two units atop the 1,396-foot-tall building, according to plans filed with the New York Attorney General’s office.

Additionally, the developers plan to cut the number of apartments to 125 units from 141 units, while increasing the total sale price to $2.892 billion from $2.875 billion, the plans show.

Macklowe and CIM filed the proposed amendment June 20, as developers are required to do when revising an offering plan. The AG’s office is currently reviewing the proposed revision — the seventh amendment to a plan first approved in July 2012, and the most recent since this past April.

The new 96th floor unit has an offering price of $95 million, while the 95th floor unit has a price tag of $85 million. It’s possible that the new penthouse is already spoken for, since an unidentified buyer reportedly signed a $95 million contract in May for the top penthouse.

The overall height of the Rafael Vinoly-designed tower, which is still under construction, remains the same — albeit with an additional floor. The total amount of residential space will grow to 412,637 square feet, up from 405,190 square feet in the April filing, the latest amendment reveals.

The developers created the new 96th floor by apparently using extra high ceilings in the former 95th floor unit.

“The addition of floor slabs within Residential Unit 95 has created a new floor 96… making Residential Unit 95 single height,” the filings said.

The new unit 96 received its floor area from two units on the 45th floor, which will now be used for mechanical purposes, the filing says.

by Anonymousreply 4307/16/2013

I bet the guy who bought the 95th floor is furious.

by Anonymousreply 107/10/2013

Which one did the Rich Russian Lady get?

by Anonymousreply 207/10/2013

This floor plan is a mess. The MB is next to the maid's room which is next to the kitchen. NEWS FLASH: the billionaire's wife does not want to be next to the maid. She doesn't want to have to look at the maid let alone hear her snore.

by Anonymousreply 307/10/2013

Maid's room? I'm afraid you don't understand how the mega-rich live these days. There are separate apartments for the help all clustered together in some undesirable parts of the building .

by Anonymousreply 407/10/2013

I have a friend who is working as a realtor on this building. I think the apartments start at 20 million. They haven't started closing yet, but when they do, she is going to be one of the richest people I know.

by Anonymousreply 507/10/2013

No surprise - the upper-upper end is where Manhattan is at these days, dolls.

by Anonymousreply 607/10/2013

I worry that this building might as well have a giant bullseye painted on it. It could be a major target.

by Anonymousreply 707/10/2013

I feel trumped, which makes my already small jealous bone look even smaller.

by Anonymousreply 807/10/2013

[quote]I worry that this building might as well have a giant bullseye painted on it. It could be a major target.

Right, like al-Qaeda would take out a no-name condo tower before the Empire State Building.

by Anonymousreply 907/10/2013

r9 it will be the tallest residential building in the civilized world, full of the 1% of the 1%. You don't think that could be a target? I sure as hell wouldn't live there.

by Anonymousreply 1007/10/2013

How can we get the complete floorplans for this building?

by Anonymousreply 1107/10/2013

I figured as soon as I read that new fiber cables have been developed to replace limiting steel elevator cables, we'll begin seeing phenomenally tall buildings. It didn't take long.

by Anonymousreply 1207/10/2013

[quote]How can we get the complete floor plans for this building?

We don't give a damn about the floor plans for this building. We want the floor plan for the Golden Girls' house.

by Anonymousreply 1307/10/2013

[quote]R9 it will be the tallest residential building in the civilized world, full of the 1% of the 1%. You don't think that could be a target?

No, Assuming it follows the same pattern as One57 -- which, at over 1,000 feet in height, will be the tallest residential building in NYC (and probably the Western Hemisphere) when completed -- 90% of the units will be pieds-a-terre owned by foreigners and vacant nearly all the time. Terrorists want a) high-profile locations, specifically ones KNOWN THROUGHOUT AMERICA, and b) as high a casualty count as possible. They'll get neither here.

The biggest target in the city, even though it isn't yet completed, is One WTC (a.k.a the Freedom Tower). Right behind it are the Empire State Building and Chrysler Building. Btw this all assumes the extreme unlikelihood that any terrorists will ever again be able to take over even *one* commercial jet and not be killed, either by the pilot or onboard Homeland Security agent with a weapon (either can carry one), or by an angry mob of passengers.

by Anonymousreply 1407/11/2013

Will the building be bigger than Rosie? Damn.

by Anonymousreply 1507/11/2013

Ugh. There's just something so gauche about this kind of building and the people that buy apartments there.

by Anonymousreply 1607/11/2013

The help doesn't have their own elevator? The building we lived in a few years ago had resident elevators, a freight elevator and then a staff elevator. As a previous poster mentioned, the rooms for our help were in a separate part of the floor with a back kitchen entry for them.

by Anonymousreply 1707/11/2013

So, how much in tax breaks are these developers getting?

by Anonymousreply 1807/11/2013

The help use the stairs, R17. It's good exercise for those people. They need it!

by Anonymousreply 1907/11/2013

Ladies and Gentlemen, New York is officially a Republican city.Congratulations. Now you have entered the realm of people DL hates. You now represent everything that is wrong with America, so no more pontificating about the evils of the rich. You are the enemy.

by Anonymousreply 2007/11/2013

Karen, will their be showers outside of the apartment for them to use? I'm sure they would be sweaty after schlepping an afternoon's worth of shopping up the stairs.

by Anonymousreply 2107/11/2013

Oh, and R20, what the fuck are you on about?

by Anonymousreply 2207/11/2013

Yeah, Republican city or 3rd world dictatorship city.

Basically they are killing NY and civilization

by Anonymousreply 2307/11/2013

R24, you should consult the DL socialists, let them determine what you need and give up the rest. Rich democrats, if there is such a thing, are the biggest hypocrites.

by Anonymousreply 2507/11/2013

I bet you will see that changing in the coming years, R24. It won't be Democrats much longer.

by Anonymousreply 2607/11/2013

As they cram more and more skyscrapers into Manhattan, its infrastructure becomes more stressed.

Why the uber-rich would want to live in a sardine-can of a city is beyond me. Sandy proved that it's just an inescapable shithole in a true emergency.

by Anonymousreply 2707/11/2013

[quote]Ladies and Gentlemen, New York is officially a Republican city.Congratulations. Now you have entered the realm of people DL hates. You now represent everything that is wrong with America, so no more pontificating about the evils of the rich. You are the enemy.

Idiot.

These mega-rich buildings are investments owned by foreigners. They say nothing about the politics of the city. Manhattan residents voted for Obama by 84%, a percentage exceeded only by African Americans.

by Anonymousreply 2807/11/2013

They say nothing about the politics of the city.

Oh, but that will change. It is in the process of changing.

by Anonymousreply 2907/11/2013

412000 sq' divided into 125 units makes for a pretty shabby sized 1% condo.

by Anonymousreply 3007/11/2013

They claim 8,255 Sq. feet. That's a pretty large apartment. If you need more space you can buy two floors.

by Anonymousreply 3107/11/2013

[quote]There's just something so gauche about this kind of building

No one sexually attractive would write a sentence like that.

by Anonymousreply 3207/11/2013

Actually, no one with any class would argue with it, R32.

by Anonymousreply 3307/11/2013

Meanwhile I think Trump Tower's penthouse in Chicago still hasn't sold. The market for rich people who are keen to wait 10 minutes for an elevator is really not that extensive, I find.

by Anonymousreply 3407/11/2013

[quote]Ladies and Gentlemen, New York is officially a Republican city.

The foreigners who will buy most of these apartments aren't allowed to vote in the U.S., R20.

by Anonymousreply 3507/11/2013

It shows how uninformed people are here to equate the rich upper 1% with Republicans.

The upper 1% got the biggest piece of the pie under Clinton, followed by Obama, then Bush2.

by Anonymousreply 3607/11/2013

Well if YOU say so R36, then it MUST be true. It's not like you can just make up any bullshit "fact" and post it to DL.

LOL!!!!!!!!!!

by Anonymousreply 3707/11/2013

I've lived in high rises for the last 35 years. Each of the buildings had restricted elevators for the top two floors. I'm sure this building will be no exception. The current building I live in has a key lock-out for the penthouse floors. We lessor mortals simple have electronic fobs for the floors we live on. There is no way to go from one floor to another floor of a neighbor without meeting in the lobby.

It's a great way to live but one never gets used to the HOA's. I always remember having only taxes and insurance on my single house. But, we get insurance, cable, water, garbage, unit maintenance along with a beautiful pool with barbecues, window washing, an excellent gym etc for our HOA's. Even our beach area is groomed everyday. I know we have it very good and I'm grateful.

by Anonymousreply 3807/13/2013

[quote]There is no way to go from one floor to another floor of a neighbor without meeting in the lobby.

So, there's no way to borrow a cup of sugar?

by Anonymousreply 3907/13/2013

They would be stupid if they locked one elevator for use by two tenants in a 100 story building. There is no way they could ever make up that opportunity cost, a 100 floors of empty space, from the sale of those units.

by Anonymousreply 4007/15/2013

New York is dying. All the other top ten cities are surpassing it.

by Anonymousreply 4107/15/2013

What floor are the stables on?

by Anonymousreply 4207/15/2013

R35, they don't need to vote. They can buy the politicians.

by Anonymousreply 4307/16/2013
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