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Old Posted Apr 9, 2018, 10:06 PM
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NYguy NYguy is offline
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I'm no fan of this building. But the wedding-style towers are more uniquely NY than the others.

The tower just south of this one(320 Park) was redeveloped years ago.



http://bestmanhattanoffices.com/prop...0-park-avenue/





Quote:
320 Park Avenue was originally designed by Emery Roth & Sons in 1960. In 1995, a Swanke Hayden Connell-led redesign expanded the 35-story tower’s square footage to 730,000 square feet.



https://www.nytimes.com/1993/11/14/r...ld-zoning.html

Building's New Look Shaped by Old Zoning

By DAVID W. DUNLAP


Quote:
Since 320 Park Avenue was constructed just months ahead of the 1961 Zoning Resolution, it has about one and a half times as much floor space as would be allowed in a new building on the same site, making it well worth an owner's while to rebuild it rather than replace it. Mutual plans to occupy 10 floors and lease the rest when the building reopens in the spring of 1995.

In the redesign by Swanke Hayden Connell Architects, the most obvious change to the flat-topped tower between 50th and 51st Streets will be the addition of a 52-foot-high gabled peak, which is to cover the rooftop mechanical equipment.

...Ungainly though it may be, 320 Park Avenue has 626,000 square feet of space. Under current zoning, a new building on the same lot could have about 441,000 square feet. In other words, Mutual effectively gets 185,000 square feet more than it would were it to start from scratch.


Thanks to the rezoning, it makes more sense to start from scratch if you can. Hopefully Vornado will just build a new tower on the site.
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