L&L Holding Company has secured $911 million in refinancing for 425 Park Avenue, an office skyscraper in Midtown East, Manhattan. Sumitomo Mitsui Trust Bank led the refinancing as the principal lender, with the new five-year floating rate loan intended to replace a similar-sized loan from 2021 that supported the tower’s final construction and leasing activities.
L&L Holding Company, in collaboration with renowned artist Anthony James and SPACE2CURATE, have unveiled “Constellations,” a sculpture installation at 425 Park Avenue in Midtown East, Manhattan. Visible from Park Avenue and 55th Street, the work occupies a 5,000-square-foot glass-enclosed gallery at the southeast corner of the 897-foot-tall commercial skyscraper from Foster + Partners.
L&L Holding Company has unveiled a pair of prominent artworks at Norman Foster‘s 425 Park Avenue office skyscraper in Midtown East. The artworks now occupy the building’s jewel box triple-height lobby and show on a digital display on the three ornamental fins that crown the structure.
YIMBY toured 425 Park Avenue, a completed 47-story commercial skyscraper in Midtown East and the first new full-block building constructed along Park Avenue’s Plaza District in nearly half a century. Designed by Lord Norman Foster of Foster + Partners and developed by L&L Holding Company, Tokyu Land Corporation, and co-managing partner BentallGreenOak, the 897-foot-tall tower yields 667,000 square feet of flexible Class A office space with panoramic views up and down Park Avenue and over Midtown, Manhattan. Adamson Associates Architects was the architect of record, WSP was the structural and MEP engineer, R&R Scaffolding provided the BMU, and Tishman Construction was the construction manager for the property, which is located between East 55th and East 56th Streets.
Work continues to wrap up on 425 Park Avenue, a 47-story commercial skyscraper in Midtown East. Designed by Norman Foster of Foster + Partners for L&L Holding Company, Tokyu Land Corporation, and co-managing partner BentallGreenOak, the 897-foot-tall structure will yield 667,000 square feet of office space and a ground-floor restaurant run by world-renowned Chef Daniel Humm, proprietor of the three Michelin-starred Eleven Madison Park.
