Published On: Mon, Jan 19th, 2015

Work at Macklowe’s New Tower at 432 Park Ave Restarts after Pipe Falls 80 Stories

432 Park Ave

Its back to work at Macklowe Properties’ 432 Park Avenue after construction was halted for a few days. A stop work order was issued by New York City after an eight foot long section of pipe fell from the 81st floor of the new tower and hit an unoccupied building’s roof next door. Fortunately no one was injured.

Work was allowed to begin again after the external elevator, known as a hoist, from which the pipe fell was inspected.

Harry Macklowe’s real estate firm is developing the new residential tower located at 56th Street with CIM. Expected to open this year, it will have 104 condominium units with 12 foot high ceilings over 84 stories. Its apartments will range from a 351 square foot studio to a six bedroom, seven bath penthouse with a library which has already sold for $95 million.

Its residents will enjoy such amenities as private wine cellars guaranteeing a climate no warmer than 57 degrees Fahrenheit, golf training facilities and a catered dining room in which residents must purchase at least $1, 200 in meals annually.

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