Translation from English

Tuesday, July 19, 2011

Beginnings of Residential Park Avenue

THIS building is down where Park Avenue is still almost all office buildings.

I wondered how long Park Avenue had been a special, exclusive address in growing New York.

I believe from what I could find and remember that it started about 1900. Stanford White designed one of the earlier fancy apartment buildings on upper Park Avenue.

Found this from Wikipedia:

As Park Avenue enters Midtown north of Grand Central Terminal, it is distinguished by many glass-box skyscrapers that serve as headquarters for corporations such as JPMorgan Chase at 270 Park Avenue and 277 Park Avenue, UBS at 299 Park Avenue, Citigroup, Colgate-Palmolive, and MetLife at the MetLife Building.
From Grand Central to 97th Street, Metro-North Railroad tracks run in a tunnel underneath Park Avenue (the Park Avenue Tunnel). There are no cross-walk signals or overhead traffic lights along this stretch of Park Avenue due to the presence of the tunnels underneath, and the inability to anchor the heavy devices into solid ground.[citation needed] At 97th, the tracks come above ground, rising onto the other Manhattan structure known as the Park Avenue Viaduct. The first street to pass under the viaduct is 102nd Street; from there to the Harlem River the railroad viaduct runs down the middle of Park Avenue.
In the 1920s the portion of Park Avenue from Grand Central Terminal to 96th Street saw extensive apartment building construction. This long stretch of the avenue contains some of the most expensive real estate in the world. Real estate at 740 Park Avenue, for example, sells for several thousand dollars per square foot.[3] Current and former residents in this stretch of the thoroughfare include Blackstone Group co-founder Stephen Schwarzman, former Morgan Stanley executive Zoe Cruz, private equity investor Ronald O. Perelman, John D. Rockefeller Jr. and others. James Cash Penney lived at 888, and Leonard Bernstein at 898.

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