175 Park Ave Update 01/04/22

New York City's Next Icon Receives Approval

When we think about the skyscrapers that best define New York's magnificent skyline, several obvious candidates come to mind. Currently, most New Yorkers will agree that the Empire State Building, the Chrysler Building, and the Freedom Tower are some of the most iconic symbols of our city's aesthetic identity. Each of these marvels broke height records upon completion and showcased the best that engineering had to offer. In a decade's time, however, an 85-story tower known as 175 Park Avenue will follow in their footsteps.

You see, 175 Park has just been approved by the NYC Mayor's Office, and is set to become the tallest building in the Big Apple by roof height. At 1,575 feet tall, the tower will considerably overtake the Freedom Tower (excluding its antenna), and just edge out Central Park Tower; the tallest fully residential building on earth. In fact, 175 Park will boast a taller roof height than any presently standing building on every continent except for Asia.

Developed jointly by RXR Realty and TF Cornerstone, this colossal structure will contain roughly 2.1 million square feet of office space. And while this figure alone is enough to rank 175 Park as North America's 20th largest office building by floor area, it doesn't stop there. Not to be outdone in any capacity, the tower's upper floors will play host to a Hyatt hotel, encompassing 500 rooms and an additional 453,000 square feet.

 

Now, those stats are impressive, but in a city so beloved for its architecture, it must be acknowledged that crazy roof heights and roomy interiors aren't enough to label a building as "iconic". For that, it must have character and a touch of familiarity. Luckily, the architects at Skidmore, Owings & Merrill know a thing or two about this and were able to sculpt a design like no other.  Thanks to modern construction methods, the tower will amplify New York's timeless art deco style in ways that were historically impossible. 

If the sheer scale and design of the place doesn't excite New Yorkers, the new subway entrance sure will. With Grand Central Terminal right next door, the base of the tower will have direct street-level access to the 4, 5, 6, and 7 trains as well as the Times Square Shuttle. Also accessible to the public, the bottom floors will contain over 10,000 square feet of retail, and a 25,000 square foot plaza.

Whether or not she's a future icon, the approval of 175 Park Avenue marks the beginning of a new age. An age where if you can dream it, you can build it... with enough capital of course. At this point for the project, the next step will be to demolish the existing Hyatt hotel that occupies the lot. This process would take approximately a year and a half to complete. Once construction kicks off, the tower could potentially take the better part of a decade to finish, although no estimates are currently available.

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