NEW YORK | 432 Park Avenue (Drake Hotel dev.) | (1,396) FT / 432 M | 89 FLOORS

[sw5710]

Originally Posted by Forrest Dweller

Today, the supports for the next floor pour are really sprouting up quick, and orderly. The "Park street Yellow" elevator is paying off big time.

The floor decking is going down fast on the supports.

[NYguy]

Richard Berenholtz

http://www.432parkavenue.com/new-con...res/2013/1756/


















































(October 10, 2013)

[N830MH]

Wow! It's perfect!!! Keep it up!!!

[goldcntry]

Absolutely LOVE that series of B&W shots!

[sw5710]

The perimeter is on the 33rd level, or 29th floor at 511' 6'' The core is at the 35th level, or floor 31 at 542' 6'' This is above the lobby.

[NYguy]

http://blogs.wsj.com/developments/20...lion-in-sales/

Park Avenue Condo Tower Approaches $1 Billion in Sales






October 4, 2013

New York City’s skyline is getting increasingly crowded, yet the luxury condo market shows little sign of cooling down.

The high-end building 432 Park Avenue, which is under construction in Midtown Manhattan, has signed contracts for half its 99 residential units, according to CIM Group, the real estate investor that is developing the project with New York developer Harry Macklowe.

The deals total about $1 billion in sales, including a full-floor penthouse for $95 million to an undisclosed buyer. The building, which is slated to rise to 1,396 feet and finish in 2015, has an average asking price of $6,894 per square foot, 17.5% higher than the average asking price a year ago, according to CIM. Still, a large portion of its more expensive units remain unsold.

The project has been competing for plutocrats with One57, another 1,000-foot-plus condo building being built a few blocks away that is also selling units for tens of millions of dollars.

While demand for high-end condos throughout Manhattan has been strong from around the globe, Avi Shemesh, a CIM founding principal, says the majority at 432 Park are U.S. buyers.

[chris08876]

Manhattan is slowly turning into a Hong Kong on roids with all of the increased height (super skinny towers) and tall towers lining the waterfronts of the East river on both sides. Can't wait to hear that one day maybe Brooklyn will get its first super tall. Its bound to happen eventually.

[Guiltyspark]

Originally Posted by chris08876

Manhattan is slowly turning into a Hong Kong on roids with all of the increased height (super skinny towers) and tall towers lining the waterfronts of the East river on both sides. Can't wait to hear that one day maybe Brooklyn will get its first super tall. Its bound to happen eventually.

My guess would be between 2020 and 2030 for a Brooklyn supertall.

[photoLith]

Ive always wondered how much these steel workers and such get paid for the construction of these projects in NYC. They must make pretty good money.

[kpdrummer82]

Originally Posted by photoLith

Ive always wondered how much these steel workers and such get paid for the construction of these projects in NYC. They must make pretty good money.

Unfortunately, that's not the case. They get paid alright money that can support maybe a 1 or 2 person family but especially the way the economy is, people working on a building of this importance should be paid more.

[BrownTown]

Originally Posted by kpdrummer82

Unfortunately, that's not the case. They get paid alright money that can support maybe a 1 or 2 person family but especially the way the economy is, people working on a building of this importance should be paid more.

I'm not sure what scale you are judging that on. The rates for a project like this probably aren't published, but I've seen where ironworkers on the new Tappan Zee bridge are making $110.11/hr in wages and benefits (and that's AFTER a pay cut). I know New York is expensive, but here where I live a union iron worker would be lucky to make $40/hr in compensation. Obviously non-union worker would be less.

[photoLith]

110 bucks an hour? That's nuts. There's hardly any jobs that pay that much. Where do I sign up?

[chris08876]

Unions are where its at. Its a all american job being an iron worker. Those fine men helped build our city. I think the pay comes with increased risk of course. But its nothing compared to the 1930's steel workers. Working with no harnesses 100's of feet up.

[Forrest Dweller]

With the commute, back and forth, gotta be a LONG day. Especially when they run long, past 6pm. Is there pay for, or a fraction, for commute time ???

[Submariner]

How does the colder weather effect the curing of the concrete?

[franktko]

Originally Posted by chris08876

Unions are where its at. Its a all american job being an iron worker. Those fine men helped build our city. I think the pay comes with increased risk of course. But its nothing compared to the 1930's steel workers. Working with no harnesses 100's of feet up.

Many of the ironworkers in Manhattan are actually Mohawk natives from Quebec and Ontario. They've been doing it for more than a 100 years. They are just fearless.

In the early 1900s, when iron bridges and modern-day skyscrapers first made an appearance, ironworkers from Kahnawake, Six Nations of the Grand River and the nearby Mohawk community of Akwesasne took their craft to New York City. In keeping with the nomadic tradition of their ancestors, Aboriginal ironworkers from both communities travelled to Manhattan to work on the Empire State Building, the George Washington Bridge, the Chrysler Building, the United Nations Building and the World Trade Center.

And it didn’t stop there. Workers from Aboriginal communities in Quebec and Ontario travelled west to build the Sears Tower in Chicago, the Golden Gate Bridge in San Francisco, and the Lions Gate Bridge in Vancouver.

http://www.aboriginalironworkers.ca/tradition

They're still there on WTC:
http://globalnews.ca/video/624613/wt...-ironworkers-2

[Crawford]

Originally Posted by kpdrummer82

Unfortunately, that's not the case. They get paid alright money that can support maybe a 1 or 2 person family but especially the way the economy is, people working on a building of this importance should be paid more.

Union iron workers in NYC make sky-high salaries. They make many times an average salary.

That's, in part, why those jobs are so hard to get.

[sw5710]

12000 psi concrete.

[bigreach]

I can't get over how good the windows look in this gem, I can only imagine how much every single window costs. Anybody know a ballpark figure? The weight itself of each pane is probably just mind boggling.

[BrownTown]

Originally Posted by Crawford

Union iron workers in NYC make sky-high salaries. They make many times an average salary.

That's, in part, why those jobs are so hard to get.

Not to get too political, but this sort of rent seeking behavior (keeping supply of workers down in order to drive up salaries) on the part of unions is one of the reasons you will never see skyscrapers built here like they are in China, Dubai, etc. Obviously the economics of these buildings is drastically different here where workers are making 10 times as much as in other countries.

Sorry if it that's a little too off topic, but as much as I like seeing these supertalls get built the reality is that the reason they are being built is that the rapidly increasing income inequality in this country. I'm sure I'm not the only one who sees the irony in the fact that the people who are really paying for these buildings are us average Joes who bailed out all these Wall Street types or got screwed over by them.