Park Imperial | TRD Research
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Park Imperial

230 West 56th Street
New York, NY 10019
Residential, Sales, Leasing/Rental, Condo

1745 Broadway, also known as Random House Tower and the Park Imperial Apartments, is a mixed-use commercial and residential skyscraper composed of three adjacent towers in Midtown, Manhattan. Completed in 2003, the building measures 684 feet tall with 52 stories. Developed by Steve Ross of Related Companies for approximately $300 million, it was designed by Skidmore, Owings & Merrill architects in association with Ismael Leyva Architects and Adam D. Tihany.

The luxury residential units, known as the Park Imperial Apartments, begin at the 27th floor and are known for their current and former celebrity tenants such as actor Daniel Craig, writer and physician Deepak Chopra and rapper Diddy. The entire commercial condo is leased to American published and tower namesake Random House. The building contains approximately 860,000 square feet.

As of 2015, New York REIT SL Green is the majority owner at 1745 Broadway. SL Green originally acquired a minority (32.26%) stake in 2007, and achieved the majority stake mostly by buying interests from partner the Witkoff Group.

-WP

  • Address 230 West 56th Street
  • neighborhood Midtown West
  • borough Manhattan
  • owner SL Green Realty
  • developer Related Companies
  • owner entity 56TH STREET ASSOCIATES L.L.C.
  • PLANS DISCLOSED 08/10/2000
  • LIST/LAUNCH SALES 10/25/2000
  • floors 53
  • AG Initial Price $ 186,040,000
  • Year Built 2002
  • ag file plans 08/10/2000
  • AG FILE Link
  • residential units 111
  • commercial units 0
  • hotel units 0
  • total units 111
  • square feet 860,000
  • const. status CONDO COMPLETE
  • block and lot 1-01027-7504
  • BIN 1086135
Condominium Units+
  • Event Sales
  • Address 1745 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 674,000
  • Price $ 633,000,000
  • Publication Date 06/11/2018
  • Event Date 06/11/2018
  • Party 1 SL Green Realty, Ivanhoe Cambridge
  • Party 2 Invesco
notes
The buyer secured the office tower for $633 million.
  • Event Financing
  • Address 1745 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 345,000,000
notes
The owner secured a $345 million loan for the Midtown West office tower.
  • Event Financing
  • Address 1745 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 685,000
  • Price $ 375,000,000
  • Publication Date 03/01/2017
  • Event Date 01/15/2017
  • Party 1 SL Green Realty, Ivanhoe Cambridge 
  • Party 2 Bank of China
notes
The partnership refinanced its interest in the office property with a $375 million loan.
  • Event Office Leasing
  • Address 1745 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 361,000
notes
The book publisher signed a five-year lease renewal for the second through 13th floors, the New York Post reported. With the company's 645,000 square feet in the building set to expire in 2018, the tenant signed an early lease extension on the 361,000 square feet it wanted to retain.
  • Event Office Leasing
  • Address 1745 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 27,775
  • Publication Date 09/01/2011
  • Event Date 07/23/2011
  • Party 1 Random House
  • Party 1 Brokerage Cassidy Turley
  • Party 2 Regent Business Center
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Scott Klau
notes
The office space provider signed a sublease.
  • Event Sales
  • Address 1745 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 673,722
  • Price $ 65,000,000
  • Price per foot $ 96.48
  • Publication Date 06/01/2007
  • Event Date 04/22/2007
  • Party 2 SL Green Realty
notes
SL Green bought a 32.6 percent interest in the office condominium for $65 million. The investment was made through a joint venture of SITQ and the Witkoff Group.
  • Event Sales
  • Address 1745 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 675,000
  • Price $ 509,000,000
  • Price per foot $ 754.07
  • Publication Date 02/01/2007
  • Event Date 12/23/2006
  • Party 2 Witkoff Organization
notes
The building's office component, which serves as the world headquarters for Random House, sold for $509 million, or $754 a square foot.