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450 Park Avenue (also known as Franklin National Bank Building) is an office building on Park Avenue in Midtown Manhattan in New York City. The building has 33 floors and is 390 feet (120 m) tall.
450 Park Avenue has a steel skeleton with concrete floors. The exterior is dominated by black granite and glass. The building was designed by Emery Roth & Sons and developed by Peter Sharp. Adjacent to the building is a public plaza, a privately owned public space, with benches. [1]
In June 2002, 450 Park Avenue was purchased by Taconic Investment Partners. That company spent around $13 million on renovating the lobby, replacing the elevators, and redesigning public areas. [2]
Five years later, in June 2007, Somerset Partners bought 450 Park Avenue for $509 million, or $1,566 per square foot ($16,860/m2). This made it the highest price per square foot paid for an office building at the time in the United States. [3] To pay for the building, Somerset Partners signed a $175 million loan. In mid-2008, Somerset Partners also moved its head office to the building.
On October 30, 2010, a brand of the Phillips de Pury auction house opened on the first three floors of 450 Park Avenue. The first auction was held on November 8 of that year. The auction house covers an area of almost 334,000 sq ft (31,030 m2). [4]
In February 2014, 450 Park Avenue was sold to Crown Acquisitions and Oxford Properties for $545 million. [5]
450 Park Avenue is located in Midtown Manhattan on Park Avenue between East 56th Street and East 57th Street. There are four New York City Subway stations in the immediate vicinity of the tower: 57th Street ( F and <F> train), Fifth Avenue–59th Street ( N , R , and W trains), Fifth Avenue/53rd Street ( E and M trains). and Lexington Avenue–59th Street ( 4 , 5 , 6 , <6> , N , R , and W trains). [6]
450 Park Avenue borders two buildings, including 432 Park Avenue to the southwest and a branch of Turbull & Asser to the west. On the other side of East 57th Street is the Davies Building and on the other side of Park Avenue is 445 Park Avenue. Other striking buildings in the immediate vicinity of 450 Park Avenue are Trump Tower, Four Seasons Hotel New York, Sony Tower, and the General Motors Building. [7]
Midtown Manhattan is the central portion of the New York City borough of Manhattan and serves as the city's primary central business district. Midtown is home to some of the city's most prominent buildings, including the Empire State Building, the Chrysler Building, the Hudson Yards Redevelopment Project, the headquarters of the United Nations, Grand Central Terminal, and Rockefeller Center, as well as several prominent tourist destinations including Broadway, Times Square, and Koreatown. Penn Station in Midtown Manhattan is the busiest transportation hub in the Western Hemisphere.
Fifth Avenue is a major and prominent thoroughfare in the borough of Manhattan in New York City. The avenue stretches downtown (southward) from West 143rd Street in Harlem to Washington Square Park in Greenwich Village. Fifth Avenue in Midtown Manhattan is the most expensive shopping street in the world.
Sixth Avenue, also known as Avenue of the Americas, is a major thoroughfare in New York City's borough of Manhattan, on which traffic runs northbound, or "uptown". It is commercial for much of its length.
Riverside South is an urban development project in the Lincoln Square neighborhood of the Upper West Side of Manhattan, New York City. It was originated by six civic associations – The Municipal Art Society, Natural Resources Defense Council, New Yorkers for Parks, Regional Plan Association, Riverside Park Fund, and Westpride – in partnership with real estate developer Donald Trump. The largely residential complex, located on the site of a former New York Central Railroad yard, includes Freedom Place and Riverside Center. The $3 billion project is on 57 acres (23 ha) of land along the Hudson River between 59th Street and 72nd Street.
Seventh Avenue—co-named Fashion Avenue in the Garment District and known as Adam Clayton Powell Jr. Boulevard north of Central Park—is a thoroughfare on the West Side of the borough of Manhattan in New York City. It is southbound below the park and a two-way street north of it.
The 57th Street–Seventh Avenue station is an express station on the BMT Broadway Line of the New York City Subway. Located in Midtown Manhattan at the intersection of 57th Street and Seventh Avenue, it is served by the N and Q trains at all times, the R train at all times except late nights, and the W train on weekdays. It is directly adjacent to Carnegie Hall.
The 59th Street–Columbus Circle station is a New York City Subway station complex shared by the IRT Broadway–Seventh Avenue Line and the IND Eighth Avenue Line. It is located at Columbus Circle in Manhattan, where 59th Street, Broadway and Eighth Avenue intersect, and serves Central Park, the Upper West Side, Hell's Kitchen, and Midtown Manhattan. The station is served by the 1, A, and D trains at all times; the C train at all times except late nights; the B train during weekdays until 11:00 p.m.; and the 2 train during late nights.
The Fifth Avenue/53rd Street station is a station on the IND Queens Boulevard Line of the New York City Subway. Located at the intersection of Fifth Avenue and 53rd Street in Manhattan, it is served by the E train at all times and the M train weekdays except late nights.
The 57th Street station is a station on the IND Sixth Avenue Line of the New York City Subway. Located at the intersection of 57th Street and Sixth Avenue in Manhattan, it is served by the F train at all times and the <F> train during rush hours in the reverse peak direction. North of the station, the Sixth Avenue Line turns east and becomes the IND 63rd Street Line.
Central Park Place is a residential condominium building in the Hell's Kitchen and Midtown Manhattan neighborhoods of New York City. The building is at 301 West 57th Street, at the northwest corner with Eighth Avenue. Davis Brody Bond designed Central Park Place, which is 628 feet (191 m) tall with 56 stories. Central Park Place's facade is made of gray-green glass and aluminum panels, a color scheme intended to associate the building with the nearby Central Park.
53 West 53 is a supertall skyscraper at 53 West 53rd Street in the Midtown Manhattan neighborhood of New York City, adjacent to the Museum of Modern Art (MoMA). It was developed by the real estate companies Pontiac Land Group and Hines. With a height of 1,050 ft (320 m), 53 West 53 is the tenth-tallest completed building in the city as of November 2019.
51st Street is a 1.9-mile (3.1 km) long one-way street traveling east to west across Midtown Manhattan.
One57, formerly known as Carnegie 57, is a 75-story, 1,005 ft (306 m) supertall skyscraper at 157 West 57th Street between Sixth and Seventh Avenues in the Midtown neighborhood of Manhattan in New York City. The building has 92 condominium units above a 210-room Park Hyatt Hotel that serves as the flagship Hyatt property. The tower was developed by Extell Development Company and designed by Christian de Portzamparc. It was the first ultra-luxury condominium tower along a stretch of 57th Street called Billionaires' Row.
432 Park Avenue is a residential skyscraper at 57th Street and Park Avenue in Midtown Manhattan in New York City, overlooking Central Park. The 1,396-foot-tall (425.5 m) tower was developed by CIM Group and Harry B. Macklowe and designed by Rafael Viñoly. A part of Billionaires' Row, 432 Park Avenue has some of the most expensive residences in the city, with the median unit selling for tens of millions of dollars. At the time of its completion in 2015, 432 Park Avenue was the third-tallest building in the United States and the tallest residential building in the world. As of 2023, it is the sixth-tallest building in the United States, the fifth-tallest building in New York City, and the third-tallest residential building in the world.
111 West 57th Street, also known as Steinway Tower, is a supertall residential skyscraper in the Midtown Manhattan neighborhood of New York City. Developed by JDS Development Group and Property Markets Group, it is situated along Billionaires' Row on the north side of 57th Street near Sixth Avenue. The main portion of the building is an 84-story, 1,428-foot (435-meter) tower designed by SHoP Architects and completed in 2021. Preserved at the base is the 16-story Steinway Building, a former Steinway & Sons store designed by Warren and Wetmore and completed in 1925, which originally carried the address 111 West 57th Street.
Central Park Tower is a residential supertall skyscraper at 225 West 57th Street, along Billionaires' Row, in the Midtown Manhattan neighborhood of New York City, New York, U.S. Designed by Adrian Smith + Gordon Gill Architecture, the building rises 1,550 feet (472.4 m) with 98 above-ground stories and three basement stories, although the top story is numbered 136. Central Park Tower is the second-tallest building in New York City, the United States, and the Western Hemisphere; the 15th tallest building in the world; the tallest primarily residential building in the world; and the tallest building outside Asia by roof height.
One Vanderbilt is a 73-story supertall skyscraper at the corner of 42nd Street and Vanderbilt Avenue in the Midtown Manhattan neighborhood of New York City. Designed by Kohn Pedersen Fox for developer SL Green Realty, the skyscraper opened in 2020. Its roof is 1,301 feet (397 m) high and its spire is 1,401 feet (427 m) above ground, making it the city's fourth-tallest building after One World Trade Center, Central Park Tower, and 111 West 57th Street.
Park Avenue Tower is a building on Park Avenue, between 55th Street and 56th Street, in Midtown Manhattan, New York City. The office building developed by Park Tower Realty opened in 1986 and has a height of 561 feet. Park Avenue Tower has 36 floors, which can be reached with seventeen elevators. Designed by Murphy/Jahn Architects in postmodern style, Park Avenue Tower is made of stone, steel and glass. The floor plan of the building is a square with flattened corners and the tower narrows as it increases in height. There is a pyramid-shaped structure on the roof of the building that is not visible from the street.
224 West 57th Street, also known as the Argonaut Building and formerly as the Demarest and Peerless Company Building, is a commercial building on the southeast corner of Broadway and 57th Street in Midtown Manhattan, New York City, just south of Columbus Circle. The building consists of two formerly separate structures, the A. T. Demarest & Company Building and the Peerless Motor Car Company Building, both used by automobile companies. Both structures were designed by Francis H. Kimball and erected by the George A. Fuller Company with similar Gothic Revival and Romanesque Revival architectural details.
500 Park Avenue is an office and residential condominium building on the southwest corner of Park Avenue and 59th Street in the Midtown Manhattan neighborhood of New York City, composed of the 11-story Pepsi-Cola Building and the 40-story 500 Park Tower. The original Pepsi-Cola Building along Park Avenue was constructed from 1958 to 1960 and designed by Gordon Bunshaft and Natalie de Blois of Skidmore, Owings and Merrill (SOM). The tower along 59th Street was constructed between 1981 and 1984 to designs by James Stewart Polshek & Partners.