Zeckendorf Development, Eyal Ofer’s Global Holdings and Park Sixty LLC, an entity formed by Rafael and Ezra Nasser, today announced 520 Park Avenue, a 51 story residential tower located at East 60th Street between Park and Madison Avenue, on Manhattan’s prestigious Upper East Side.
“World renowned architect Robert A.M. Stern at 520 Park Avenue has designed another timeless and classic Manhattan residential building. 520 Park Avenue will set a new standard for elegant design on Manhattan’s Upper East Side, and we are certain this luxury residential building will become a landmark in a treasured city neighborhood,” said William L. Zeckendorf.
Featuring 31 residences with expansive interior layouts, the condominium will offer many features unique to the Upper East Side, including 4,000 s/f of dedicated residential ground floor space.
The 31 residences will be comprised of 23 full-floor apartments each approximately 4,600 s/f, with 225 feet of exterior exposures and city views. Seven duplex apartments each approximately 9,100 s/f, and one triplex apartment with 12,400 interior square feet and 1,150 s/f of exterior space. The duplex and triplex apartments will have uninterrupted views of Central Park, the Upper East Side and Midtown.
The full floor units consist of four bedrooms, living room, dining room, kitchen and a family room. The duplex residences consists of a living room, library, dining room, eat in kitchen, family room and six bedrooms.
Each residence will feature solid white oak hardwood flooring in herringbone and overlay patterns and a variety of over 10 marble treatments. All master bathroom suites will be comprised of two full bathswith steam showers and soaking tub.
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. A multi-story crown tops the building.
“We are excited to partner again with Zeckendorf Development in another outstanding luxury residential Manhattan development. 520 Park Avenue will be a remarkable and sought after Upper East Side residential address,” said Eyal Ofer, chairman of Global Holdings, Inc.
Luxury amenities will include a private, two-story 8,000 s/f health club featuring exercise room, pool and locker rooms facilities. There will be a 1,800 s/f ground floor private exterior garden, a wine storage, bicycle storage, private resident storage spaces, and a library.
“520 Park Avenue will be an elegant addition to this Upper East Side neighborhood. Robert A.M. Stern again has contributed a building design that echoes the best of New York City architecture in a 21st century development. When we built 15 Central Park West also designed by Robert A.M. Stern, we then wanted to create a similar iconic limestone residence for the Upper East Side,” said Arthur Zeckendorf.
Residents and guests will enter 520 Park Avenue through a double arched entrance with a suspended bronze canopy, leading into a lobby with 25 ft. coffered ceilings and a 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 satin bronze detailing. A Venetian plaster ceiling carries through with the wood accents as well.
“Working with our partners, Zeckendorf Development and Eyal Ofer’s Global Holdings, along with architect Robert A.M. Stern, we are confident that 520 Park Avenue will be a notable and welcome addition to the New York City skyline,” said Rafael Nasser.
Construction is expected to be completed in early 2017 with sales and marketing to commence imminently.