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New York skyscraper launches

By Holly Kirkwood

New York skyscraper launches

The launch of what is to become the tallest residential tower in the western hemisphere has generated sales of almost $1bn already, in New York

New York's newest skyscraper, 432 Park Avenue, had an extremely successful US launch in March with hundreds of millions of dollars of sales already achieved.

Buyers are predominantly from the US, say co-developers CIM Group and Macklowe Properties, with others from South America, the Middle East, UK, China and Russia. With an expected completion in 2015, the 1,396-foot tower, designed by Rafael Viñoly, will become the tallest building in New York City and the tallest residential tower in the Western Hemisphere.  

Located on Park Avenue between 56th and 57th Street, 432 Park Avenue is surrounded by the best of fashion, art and design. The tower is set to have 96 stories and will be constructed using architectural concrete, steel, and glass. All windows measure an expansive 10 feet by 10 feet, to ensure views of Central Park, the Hudson and East Rivers, the Atlantic Ocean, and many iconic Manhattan buildings and avenues.

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In the tradition of New York City's finest apartment houses and hotels, residents will enjoy amenities including a private restaurant, outdoor garden for dining and events, spa and fitness centre with sauna, steam and massage rooms, 75-foot swimming pool, library, lounge, billiards room, screening room and performance venue, children's playroom, and boardroom. In-suite catering, concierge, 24-hour doorman, and valet parking services will be provided by the building's staff.

Residences include private elevator landings, separate service entrances, eat-in kitchens, windowed his-and-her bathrooms and large master suites with adjoining dressing rooms. Interior finishes include 12.5 ft finished ceilings, solid oak flooring, custom hardware, and the highest quality natural materials. Kitchens feature custom cabinetry, Miele stainless steel appliances, Dornbracht fixtures, and marble countertops and flooring. Master bathrooms are fitted in book-matched slabs of Italian statuario marble and contain freestanding soaking tubs, custom vanity units and radiant-heated floors.

Residents will also have the exclusive ability to purchase climate-controlled wine cellars, office suites, staff apartments, and storage facilities as a complement to their residence. '432 Park Avenue is quickly becoming one of New York City's most prestigious addresses and a worthy addition to its unparalleled skyline,' Avi Shemesh, Founder and Principal of leading real estate investment firm CIM, commented.

'We are confident that we are creating tremendous value for residents, our investors, and New York City.'
 
Residences at 432 Park Avenue are from $7 million-$95 million. For more information, visit www.432parkavenue.com.

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Editorial is written based on details provided by the agent in question at the time of writing. For the most up-to-date details and sale status please contact the agent direct.

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