News: Brokerage

Brokers attend event at Zeckendorf Development's 520 Park Ave. project

William Lie Zeckendorf and Arthur Zeckendorf William Lie Zeckendorf and Arthur Zeckendorf
Manhattan, NY A select number of the city's high-end real estate brokers were among the first to step into 520 Park Avenue at an event hosted by Zeckendorf Development on July 13th, 2016. Held on the 29th floor concrete slab of the tower’s construction site, the event marked the first time 520 Park Ave. has been open to guests from the real estate brokerage community. Brokers had the opportunity to walk around the full-floor simplex and experience the views of the Upper East Side Historic District and Central Park in full bloom from its 85 ft. frontage. Once completed the simplexes will offer over 225 feet of exterior perimeter windows. Brokers entered the building from Park Ave., passing by 520 Park Ave.’s historic neighbor - the Grolier Club. Each guest received a 520 Park Ave. hardhat before taking the construction hoist up 350 ft. Located at East 60th St. between Park and Madison Aves., 520 Park Ave. has now reached 40% of its final height. The 800-ft. tall tower designed by Robert A.M. Stern will become one of the tallest and most luxurious buildings on the historic Upper East Side. Offering 33 full-floor residences, 520 Park Ave. set a new standard for elegant living on the Upper East Side. In the tradition established by 15 Central Park West, 520 Park Ave. will be entirely clad in Indiana limestone, articulated with hand-set stone detailing reminiscent of the great historic 20th-century apartment houses but at heights that are truly modern. 520 Park Ave. is being developed by Zeckendorf Development, with Park Sixty LLC and Global Holdings. Construction is expected to be completed in early 2018.
Broker Event at 520 Park Avenue - Manhattan, NY Broker Event at 520 Park Avenue - Manhattan, NY
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent