432 Park Avenue

432 Park Avenue is a supertall residential building in midtown Manhattan, New York City, with 104 condominium apartments. It was developed by CIM Group. Originally proposed to be in 2011, construction began in 2012, it was topped out on October 10, 2014 and completed on December 23, 2015. The building required the demolition of the 495-room Drake Hotel, which was built in 1926. In 2006, the hotel was sold for $440 million to developer Harry Macklowe, and the hotel was demolished the year afterward. The site became one of New York's most valuable development sites due to its location, between East 56th and 57th Streets on the west side of Park Avenue.