Tuesday, March 15, 2016

Upper East Side’s Most Opulent Tower to Rise 54-Stories

520 Park Avenue will be one of the city's most lavish condominium towers when it's completed, but as of yet the building's just a concrete shell on the rise between East 60th and 61st streets on the Upper East Side. 

In 2017, the opulent 54-story limestone tower, designed by Robert A.M. Stern, will be the tallest building on the Upper East Side and will welcome residents with a marble and wood-decked lobby that's nothing short of spectacular.

Residents and guests will enter through a double arched entrance with a suspended bronze canopy, leading into a soaring lobby with 25' coffered ceilings and an impressive limestone fireplace.

Beyond the lobby is a vaulted salon with a fireplace at each end. The floors and walls in the lobby are limestone with French walnut wood in the wall treatment, and bronze detailing.

A finely crafted Venetian plaster ceiling carries through with the wood accents as well.

The building will be entirely clad in Indiana limestone articulated with French balconies and stone detailing evocative of the great New York apartment buildings of the 1920's and 1930's.

520 Park Avenue has already made it onto the list of the city's most expensive homes for sale.

New York's newest super-expensive condominium tower will house just 33 units ranging from a $20.5 million 4 bedroom/4.5 bath condo to a $70 million 6 bedroom /7.5 bath duplex.

Full floor units will consist of four bedroom units covering about 4,600-square-feet, with a living room, dining room, spacious kitchen, family room, private elevator landing and 4-1/2 bathrooms.

The seven expansive duplex residences will consists of a living room, library, dining room, eat-in kitchen, family room, private elevator landing and 6 bedrooms with 7-1/2 baths.

Each unit will feature select-cut solid white oak hardwood flooring in herringbone and overlay patterns and a variety of over 10 exquisite marble treatments.

All master bathroom suites will be comprised of two full baths complete with steam showers and soaking tub.

The building's triplex mega-penthouse will have with a private terrace overlooking Central Park and will cover more than 12,400-square-feet.

It is rumored to be priced at $130 million, or more than $10,000 per square foot.

Building amenities will include a 5,000-square-foot bi-level fitness center, a 2,500-square-foot "Performance-Based Training Floor", a 35-foot leisure pool, a whirlpool, steam room, sauna, and locker rooms.

The developers, Arthur and William Lie Zeckendorf, worked with Robert Stern previously on the super-luxury towers at 15 Central Park West and 18 Gramercy Park, so the team knows how to build a epic building.

The 85-foot wide building will have large windows and a temple-like structure on the roof that hide the building’s mechanical elements.

The tower will also cantilever over much of the Grolier Club on East 60th Street.

As part of the agreement to obtain the extra development rights, the Zeckendorfs will fund affordable housing on the Upper East Side and make 520 Park environmentally friendly.

520 Park Avenue is one of seven super-expensive buildings rising around 57th Street and Central Park South, an area which has become known as "Billionaires Row."

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