Four starchitect finalists selected for 425 Park Avenue redevelopment

New York /
Jul.July 11, 2012 12:00 PM

Four high-profile finalists will compete to design an office tower to rise at 425 Park Avenue. Norman Foster of Foster & Partners, Rem Koolhaas of OMA, Zaha Hadid of Zaha Hadid Architects and Richard Rogers of Rogers Stirk Harbour & Partners have been selected to present their proposals to the developer, L&L Holdings, the New York Times reported. The finalists were chosen from 11 architects that L&L had reached out to in the spring.

“We wanted the broadest view,” Levinson, in an interview with the Times, said of the finalists. “It was important to select four architects that were very different.”

Levinson, along with an advisory committee — headed by Vishaan Chakrabarti of Columbia University’s Center for Urban Real Estate — will pore over the designs this summer. A final selection is slated to be made this fall.

As previously reported, L&L Holdings has to wait until 2015 to begin the tower’s redevelopment. This is when the building’s original land lease and office leases will expire.

According to the Times, not all of the original 425 Park structure will be razed. Zoning regulations permit Levinson to keep the 18-to-1 floor ratio if 25 percent of the original structure gets preserved. [NYT]


Related Articles

arrow_forward_ios
Code Climate's Brian Helmkamp (Code Climate, L&L Holding Company)
Software company claims 42K sf at L&L’s 195 Broadway
Software company claims 42K sf at L&L’s 195 Broadway
Michael Gronager, chief executive officer, Chainalysis, in front of 114 Fifth Avenue (Chainalysis, LoopNet/Illustration by Steven Dilakian for The Real Deal)
Crypto data firm doubles space at Flatiron office
Crypto data firm doubles space at Flatiron office
425 Park Avenue and L&L Holding Company CEO David Levinson (Alan Schindler, Levinson via Getty)
L&L secures nearly $1B financing package to complete 425 Park Ave
L&L secures nearly $1B financing package to complete 425 Park Ave
195 Broadway in Manhattan NYC, Orchard Technologies CEO Court Cunningham and L&L Holding Company CEO David Levinson (Google Maps, Orchard, L&L)
Orchard Technologies leases 107K sf at L&L’s 195 Broadway
Orchard Technologies leases 107K sf at L&L’s 195 Broadway
Renderings of Eastern Emerald (Courtesy of SASI Studio)
Fleet Financial to bring luxury hotel and condo project to Corona, Queens
Fleet Financial to bring luxury hotel and condo project to Corona, Queens
Terminal Warehouse with L&L Holding’s David Levinson and Columbia Property Trust’s Nelson Mills (Gensler/TMRW, Getty, Columbia Property Trust)
A big bet in uncertain times: Why Terminal Warehouse developers didn’t blink
A big bet in uncertain times: Why Terminal Warehouse developers didn’t blink
425 Park Avenue and L&L’s David Levinson (Photos via 425 Park Ave, L&L)
After 2-year drought, 425 Park Ave snags new tenant
After 2-year drought, 425 Park Ave snags new tenant
From left: L&L Holding Company's 425 Park Avenue with CEO David Levinson, Citadel Securities founder Ken Griffin, and Vornado Realty Trust’s 350 Park Avenue with CEO Steve Roth (Credit: (Photo by Michael Kovac/Getty Images; L&L Holding Company; Vornado)
Citadel Securities expands nearby lease while waiting on 425 Park
Citadel Securities expands nearby lease while waiting on 425 Park
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...