Posted May 3, 2016, 8:11 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,899
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http://therealdeal.com/2016/05/03/ma...k-avenue-cube/
Developer unveils new cube -- this time on Park Avenue
May 03, 2016 11:30AM
By Konrad Putzier
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Thirteen years ago, Harry Macklowe had the idea to erect a glass cube in front of the GM Building. It became the entrance to an outrageously profitable Apple Store. Now, he is repeating the theme at 432 Park Avenue.
On Tuesday, Macklowe Properties unveiled renderings for what it calls a “Park Avenue Cube” – a low-rise retail building adjacent (and connected) to its luxury condominium tower. Together, the cube and tower will hold 130,000 square feet of retail and office space.
A CBRE team of Andrew Goldberg, Richard Hodos, Matthew Chmielecki, and Joseph Hudson is handling the retail leasing, while CBRE’s Paul Amrich, Neil V. King III, and Patrice Meagher are handling office leasing.
The cube features 6,600 square feet of retail space over two floors and will be lit up at night.
The cube will be connected to an additional 20,000 square feet of retail space in the neighboring condo tower via a 30,000-square-foot underground concourse. Above the tower’s retail space will be four office floors of 17,600 square feet each. Macklowe is also putting a marble outdoor plaza with a grove of birch trees next to the cube.
Macklowe is developing 432 Park – New York’s tallest residential tower – in partnership with fund manager CIM Group. In 2014, he bought the 1,396-foot tower’s retail space from CIM for $450 million in partnership with Qatari Investment Bank QInvest. In September, Saudi investor Hamza al Kholi sued Macklowe, claiming he was cut out of a joint venture agreement to buy the space.
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http://ny.curbed.com/2016/5/3/115811...ace-renderings
432 Park Avenue Reveals Offices and Glowing Retail Space0
The massive residential tower isn't quite done yet
BY AMEENA WALKER
MAY 3, 2016
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Condos in the now-iconic (and controversial) 432 Park Avenue have finally started closing, and as residents get closer to moving in, the building's developers have deemed it a good time to show off its forthcoming retail and office spaces. Those spaces will occupy more than 130,000 square feet in the building, split up over several floors, and developer Macklowe has designed an innovative framework for what future businesses will soon call home at the iconic skyscraper.
The office space will be take over four floors above 40 East 57th Street, with more than 17,000 square feet of space on each floor. Thanks to Rafael Viñoly's innovative (and inspired-by-a-trash-can) building design, those offices will also have floor-to-ceiling windows and column-free floorplans. The retail, meanwhile, will be divided into three spaces: 40 East 57th Street, the Park Avenue Cube, and an underground concourse, covering a total of more than 20,000 square feet in all.
The Park Avenue Cube will be a boxy white glass structure (not unlike an Apple store) with more than 6,000 square feet of space over its two floors. At night, the corner of 56th Street will be transformed into a luminous beacon courtesy of the Cube. Complementary to the Park Avenue Cube will be an adjacent marble plaza designed by Zion and Breech (the firm responsible for MoMA's Sculpture Garden and Paley Park). The underground concourse will bridge 40 East 57th with the Cube while offering 30,000 square feet of its own.
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