Press release

03 October 2012

Foster + Partners wins competition for new tower at 425 Park Avenue, New York

Foster + Partners is delighted to be selected by a partnership of L&L Holding Company and Lehman Brothers Holdings Inc. (LBHI) to design their new office tower at 425 Park Avenue. The new building will create an enduring landmark that befits its exclusive location, and is uniquely of its time and its place.

The project presents an outstanding opportunity to contribute to the existing character of Park Avenue and responds to the scale and datum of the Avenue and neighbouring buildings. Clearly expressing the geometry of its structure, the tapered steel-frame tower rises to meet three shear walls that will be illuminated, adding to the vibrant New York City skyline. Its elegant facade seamlessly integrates with the innovative internal arrangement that allows for three gradated tiers of column-free floors.

Offering world-class sustainable office accommodation, the new building anticipates changing needs in the workplace with large, open spaces that encompass flexible use. Each of the three tiers – low, medium and high-rise – is defined by a landscaped terrace that provides an excellent amenity for tenants and offers panoramic views across Manhattan and Central Park. At the street level, the conceptual design for 425 Park Avenue gives as much to the City as to the people that will work in it with the potential for a large civic plaza marked by significant works of art.