36 Central Park South

36 Central Park South

Developers Shelve Plans For Residential Tower At 36 Central Park South, Midtown

Over the summer, YIMBY brought you new renderings and details on the planned 88-unit luxury residential tower at 36 Central Park South, dubbed 1 Park Lane, which would replace the 46-story, 628-key Park Lane Hotel. The project was in the pre-development stages and advertised in the EB-5 program, but its developers, Witkoff and Macklowe Properties, are shelving plans for now, Bloomberg Business reports. Due to uncertainty in EB-5’s congressional reform, a slowdown in the Chinese economy, and an over-saturation in the ultra-luxury residential market, the Park Lane will remain as a hotel for the foreseeable future. Its operations and management are in the process of being repositioned, and Witkoff is in talks to refinance debt on the property.



1 Park Lane

New Views, Interiors, Possible Herzog and de Meuron Design for 1 Park Lane, aka 36 Central Park South

Last week, YIMBY revealed the exteriors for 1 Park Lane, which has an actual address of 36 Central Park South, the site of the current Helmsley Park Lane. While we speculated that Vinoly designed the building, we learned that Handel Architects was in fact behind the renderings; we have also obtained a new set of images which include that version of the project’s interiors and views, which will be very impressive.

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1 Park Lane

Revealed: 1 Park Lane, at 36 Central Park South, 1,210-Foot Tall Condo Tower Replacing the Helmsley Park Lane

YIMBY previously brought you preliminary plans for the Witkoff-led redevelopment of the Helmsley Park Lane, at 36 Central Park South, and followed up with a post indicating that Richard Rodgers would be the architect. We have now obtained the first official renderings of the project, showing its exteriors, and while YIMBY has been unable to obtain confirmation regarding the architect, we strongly suspect it is now Rafael Vinoly. Documents also indicate the building will stand 1,200 feet tall, making it one of the tallest in the city.

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