400 Park Ave. S. launches teaser website

Sam Zell and a rendering of 400 Park Avenue South

Sam Zell and a rendering of 400 Park Avenue South

The exclusive condominium and rental project at 400 Park Avenue South being developed by Toll Brothers and Sam Zell’s Equity Residential now has a teaser website.

Designed by Christian de Portzamparc, “Sky Couture” at Park Avenue South and 28th Street will have 265 rentals developed by Equity Residential on the lower 22 floors, and 100 condos developed by Toll Brothers on the upper 18 floors. Prices for the one- to five-bedroom condos start at $1 million and go to more than $10 million, according to BuzzBuzzHome.

Amenities at the building will include round-the-clock concierge service, a fitness center with yoga rooms, and an indoor lap pool, according to the website.

Toll Brothers and Equity Residential paid A&R Kalimian $134 million for the site in 2011, the most expensive development deal of that year, as The Real Deal reported. [BuzzBuzzHome]  – Hiten Samtani

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