| 500 Park Avenue | |
|---|---|
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| Alternative names | Pepsi-Cola Building, Olivetti Building, ABN-Amro Bank Building |
| General information | |
| Type | Office |
| Architectural style | International Style |
| Location | Manhattan, New York |
| Coordinates | 40°45′47″N 73°58′14″W / 40.76306°N 73.97056°W |
| Construction started | 1958 |
| Completed | 1960 |
| Opened | February 1, 1960 |
| Renovated | 1981–1984 |
| Cost | $7.8 million (equivalent to $61,569,000 in 2023) |
| Client | Pepsi-Cola Company |
| Height | 466 ft (142 m) |
| Technical details | |
| Floor count | 40 |
| Design and construction | |
| Architect(s) | |
| Renovating team | |
| Architect(s) |
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| Designated | June 20, 1995 |
| Reference no. | 1920 |
| Designated entity | Original Pepsi-Cola Building |
500 Park Avenue is an office and residential condominium building on the southwest corner of Park Avenue and 59th Street in the Midtown Manhattan neighborhood of New York City, composed of the 11-story Pepsi-Cola Building and the 40-story 500 Park Tower. The original Pepsi-Cola Building along Park Avenue was constructed from 1958 to 1960 and designed by Gordon Bunshaft and Natalie de Blois of Skidmore, Owings and Merrill (SOM). The tower along 59th Street was constructed between 1981 and 1984 to designs by James Stewart Polshek & Partners.
The old Pepsi-Cola Building was designed in the International Style with a curtain wall made of glass and aluminum. The second through tenth stories slightly overhang a plaza at ground level, while the eleventh floor contained a company penthouse. Inside, the original building's lobby was initially used as an exhibition space, while the upper stories contained offices. 500 Park Tower contains a facade made of thermal black granite, as well as glass and aluminum. Inside 500 Park Tower, the first eleven floors contain office space that extends into the original building, while the upper floors contain 56 residential condominiums.
The original structure was the headquarters of the Pepsi-Cola Company from its construction until 1967 and was initially owned by the John Hancock Mutual Insurance Company. It then served as the headquarters of Olivetti S.p.A. until 1978, when it was successively resold to Peter Kalikow, Securities Groups, and then the Equitable Life Assurance Society. The original building was occupied by the Amsterdam and Rotterdam Bank (later ABN AMRO) starting in 1982, and 500 Park Tower was concurrently developed to the west. In 1995, the New York City Landmarks Preservation Commission designated the Pepsi-Cola Building as a New York City landmark. Other companies such as The Walt Disney Company took space in the building during the 1990s and early 21st century.