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Park Ave to get first new tower in decades

Norman Foster-designed skyscraper more than double the height will replace existing one at prime New York site

PRICIER: The developer will seek over US$200 psf for the uppermost floors of the new skyscraper which will rise on the site of the current 425 Park Ave building (centre).

New York

SOME time next week, a metal frame will go up around the blocky brick tower at Manhattan's 425 Park Ave, designed to protect pedestrians from falling objects. It's a prelude to the building's demise.

In about three years, if all goes according to plan, the site will have a