Park Avenue Plaza

Park Avenue Plaza
Park Avenue Plaza viewed from Park Avenue, rising behind the Racquet and Tennis Club
General information
Location	55 East 52nd Street Manhattan, New York
Coordinates	40°45′31″N 73°58′25″W / 40.75861°N 73.97361°W / 40.75861; -73.97361
Completed	1981
Height	574 feet (175 m)[1]
Design and construction
Architecture firm	Skidmore, Owings & Merrill

Park Avenue Plaza is an office building at 55 East 52nd Street in the Midtown Manhattan neighborhood of New York City. The 575-foot (175 m) tall, 44-story building was designed by Skidmore, Owings & Merrill (SOM) for development company Fisher Brothers and was completed in 1981. Despite its name, the building is not actually on Park Avenue, although it abuts the Racquet and Tennis Club building along the avenue. Rather, the building is in the middle of a city block, with entrances on 52nd and 53rd Streets.

The building has a 15-sided massing, with wide diagonal facades to its northeast and southeast, as well as a deep notch on its east. Park Avenue Plaza's facade is made of blue-green reflective panels of glass. The building has one basement, shallower than in other nearby skyscrapers. The building's lowest ten stories include a lobby, atrium, and mechanical equipment, enabling all the office stories to have windows facing Park Avenue. At the base of the building is an enclosed atrium measuring about 30 feet (9.1 m) tall and connecting the two entrances to the building's elevators. Each office story has about 28,000 square feet (2,600 m²) of rentable area; the entire building covers over a million square feet. The building's design prompted mixed reviews upon its completion.

Fisher Brothers acquired the site in the 1970s and proposed constructing a ground-level atrium in exchange for additional space. Construction commenced in March 1979 following negotiations with the Racquet and Tennis Club, which had threatened to build a hotel above its own building. The building was conceived as a speculative development and 90% of the space had been leased before construction was completed. Fisher Brothers has operated Park Avenue Plaza since the building opened in 1981. First Boston, a major tenant, owned a minority stake in the building until 1987. The Boston-based Rockpoint Group bought a 49% stake in 2010, selling it in 2011 to SOHO China.