The KPF-designed supertall has led New York’s luxury real estate market to a record-setting number of contracts signed in November, signaling the value of its mixed-use program, wellness-oriented amenities, and contextual design.
“The 1,002-foot skyscraper has been an anomalous figure in a market where developers have shied away from ambitious projects,” writes The Real Deal in an article highlighting 520 Fifth Avenue’s sales success. Since sales launched in April, 78 of the building’s 100 luxury residences have been snapped up, and contract signing has not slowed down despite the holiday season’s typical slump.
520 Fifth Avenue is an 88-story tower designed as a vertical village, combining retail, office, and residential programs to capture and elevate the character of its Midtown Manhattan address. Illustrated by its notable market success, the building’s 100 condos are built to offer prime views of neighboring landmarks and are fitted with sunny balconies for outdoor living. A range of amenities and a members-only club fill out the tower’s luxurious offerings.
Read the full article here.