The current rebirth of Park Avenue is a dramatic and exciting example of the vitality of New York City real estate. Fifty years ago Park Avenue was one of the most sought-after locations for major companies. However, as the buildings have aged, they have lost both their luster and efficiency.
We are now witnessing the renaissance of this famous avenue.
425 Park Avenue, located between 55th and 56th Streets, designed by the world renowned architect, Lord Norman Foster, offers an insight into the Park Avenue of the 21st century. In the not too distant future the avenue will be replete with state of the art, soaring architectural marvels.
Developed by Griffin/Rudin/Vernardo, its 1,680,000 square feet reaching over a quarter of a mile into the air, 350 Park Avenue is destined to become a New York City Historical Landmark. Designed by Norman Foster & Partners, occupying the entire frontage between 52nd and 53rd Streets, with a 12,500 square foot public concourse enveloped in green space and art displays - upon public review approval - will solidify the prestigious importance of the Avenue. Ken Griffin's Citadel and Citadel Securities will occupy 850,000 square feet of this imposing structure.
The beginning of this multiyear transformation is further evidenced by the new Chase Global Headquarters, 270 Park Avenue, presently under construction. The total restoration and modernization of the Waldorf Astoria is another example.
The soaring  condominium, 432 Park Avenue, the tallest residential tower in the Western Hemisphere, built between 56th and 57th Street, on the site of the former Drake Hotel, its 96 stories rising 1396 feet, redefining the Manhattan skyline.​
Fueling the architectural energy of Park Avenue, the likes of which we have never before witnessed.