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237 Park Avenue (and Lexington Avenue), between 46th and 47th Streets
Max Capital is planning to build
a 50 story tower in the heart of midtown at 237 Park Avenue. The new tower
will be built atop the current 21 story building on the site known as
the Park Avenue Atrium. The Park Avenue Atrium was built in 1984 and was
designed by Edward Durell Stone. The building features an atrium that
is the full height of the building, along with some of the New York's
largest floor plates. Max Capital purchased the 1.1 million square foot
building from Olympia & York in 1999. Max Capital who already owned
the neighboring Helmsley Building since 1998 realized that the combined
air rights allows another million square feet to be built. Max Capital
is planning to incorporate the addition million square feet in to a 50
story glass skyscraper designed by Skidmore Owings and Merrill. Max Capital
has released brochures of the proposed tower as well as posting a rendering
on its web site. They are serious about building 237 Park Avenue and are
currently looking for an anchor tenant.
At 1,177,489 square feet, this 21-story building features full floors
of approximately 56,000 square feet. Situated diagonally across from Grand
Central Terminal, 237 Park Avenue features a light-filled glass enclosed
lobby and spectacular full-building atrium.
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