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The 1984 condominium apartment tower at 500 Park Avenue is one of the finest post-war designs in the city, winning a national award for its architect James Stewart Polshek. The building features a mix of offices and residences with separate entrances, offering amenities like 24-hour doorman and roof deck, and is located near Manhattan's finest restaurants and shopping.
Completed in 1984, 500 Park Tower stands at the intersection of Park Avenue and 59th Street, marking the boundary between Midtown and the Upper East Side. Designed by James Stewart Polshek, the 40 story building earned a national award from the American Institute of Architects for its contextual design, which brilliantly complements the adjacent 1960 Pepsi Cola Building (later Olivetti Building) by Gordon Bunshaft of Skidmore, Owings & Merrill. The tower's distinctive split façade features a silvery aluminum bay running up its east side and a dark gray granite base with deeply incised windows on other exposures. Developed by Tishman Speyer Properties and Equitable Life Assurance Society, the building contains offices on its lower 16 floors and just 48 residences above, with only two apartments per floor ensuring exceptional privacy. Notable residents have included Larry Silverstein and Naomi Campbell.
Residences range from 1,060 square foot one bedrooms to a spectacular 9,000 square foot duplex penthouse occupying the entire 39th and 40th floors. Most apartments feature 9 foot 2 inch ceilings, windowed kitchens, windowed marble bathrooms, and generous entrance galleries. Many units offer Central Park views, particularly those on higher floors and corner locations. The penthouse is especially notable with its 17 rooms, entertaining terrace designed by landscape architect Ken Smith, custom St. Charles kitchen, and multiple fireplaces. Common features include in-unit washer/dryers, abundant closet space, and wraparound windows in select residences.
The building provides white glove service with a 24 hour doorman, concierge, live-in resident manager, and separate service elevator corridor. Amenities include a roof deck, private storage, and a former Walt Disney screening room available for rent. The condominium permits corporate ownership, pets, and subletting. Its location places residents steps from Central Park and surrounded by world class shopping along Fifth Avenue and fine dining establishments including Le Bilboquet, Avra Estiatorio, and La Goulue.
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