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Encyclopedia > Park Avenue (Manhattan)
Park Avenue in the Upper East Side (2004)
Park Avenue, looking north toward the Metlife building from the Union Square Area

Park Avenue (formerly Fourth Avenue) is a wide boulevard that carries traffic north and south in Manhattan in New York City. Throughout most of its duration, it runs parallel to Madison Avenue to the west and Lexington Avenue to the east. The thoroughfare is noted for its perennially high real estate prices and affluent reputation, especially as it runs through the Upper East Side. Download high resolution version (480x640, 203 KB)I took this photo of Park Avenue in New York City in Aug 2004 This image has been released into the public domain by the copyright holder, its copyright has expired, or it is ineligible for copyright. ... Download high resolution version (480x640, 203 KB)I took this photo of Park Avenue in New York City in Aug 2004 This image has been released into the public domain by the copyright holder, its copyright has expired, or it is ineligible for copyright. ... The Upper East Side at Sunset The Upper East Side is a neighborhood in the borough of Manhattan in New York City, between Central Park and the East River. ... Image File history File links Metadata Size of this preview: 800 × 532 pixelsFull resolution (900 × 598 pixel, file size: 248 KB, MIME type: image/jpeg) Park Avenue, looking north toward the Metlife building from the Union Square area. ... Image File history File links Metadata Size of this preview: 800 × 532 pixelsFull resolution (900 × 598 pixel, file size: 248 KB, MIME type: image/jpeg) Park Avenue, looking north toward the Metlife building from the Union Square area. ... Manhattan is a borough of New York City, New York, USA, coterminous with New York County. ... New York, New York and NYC redirect here. ... Madison Avenue is a north-south avenue in the borough of Manhattan in New York City which carries northbound one-way traffic. ... Lexington Avenue is an avenue on the East Side of the borough of Manhattan in New York City that carries southbound one-way traffic from East 131st Street to Gramercy Park at East 21st Street. ... Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... The Upper East Side at Sunset The Upper East Side is a neighborhood in the borough of Manhattan in New York City, between Central Park and the East River. ...


The flowers and greenery in the median of Park Avenue are maintained by the Fund for Park Avenue. Begonias are a flower of choice for the Funds gardeners because there is no automatic watering system and they can cope with hot sun.[1] Species About 1500 species; see text Begonia is a genus in the flowering plant family Begoniaceae. ...

Contents

Route

The road that becomes Park Avenue originates as the Bowery. From 8th Street to 14th Street, it is known as Fourth Avenue. Above 14th Street, it becomes a north-south thoroughfare. From 14th Street to 17th Street, it forms the eastern boundary of Union Square and is known as Union Square East; its southbound lanes merge with Broadway for this distance. From 17th Street to 32nd Street, it is known as Park Avenue South, and, for the remainder of its distance, it is known as Park Avenue. The Bowery is a well-known street in Manhattan that more or less marks the boundary between Chinatown and Little Italy on one side and the Lower East Side on the other—running from Chatham Square in the south to Astor Place in the north. ... 14th Street looking west from Fifth Avenue 14th Street is an important east-west thoroughfare in Manhattan in New York City. ... 17th Street is an east-west running street between First Avenue and Eleventh Avenue in Manhattan in New York City. ... Union Square Park (also known as Union Square) is an important and historic intersection in New York City, located where Broadway and the Bowery came together in the early 19th century. ... A view of Broadway in 1909 Broadway, as the name implies, is a wide avenue in New York City, and is the oldest north-south main thoroughfare in the city, dating to the first New Amsterdam settlement. ... This article covers streets in Manhattan, New York City, USA between and including 23rd Street and 42nd Street. ...


Between 33rd Street and 40th Street, its two center lanes, one in each direction, descend into the Murray Hill Tunnel. Immediately across from 40th Street, these center lanes rise onto an elevated structure that goes over and around Grand Central Terminal, carrying each direction on opposite sides of the building, which takes up the space formerly occupied by Park Avenue from 42nd Street to 45th Street. The bridge, one of two structures in Manhattan known as the Park Avenue Viaduct, returns to ground level at 46th Street after going through the Helmsley Building (also referred to as the New York Central Building or by its address, 230 Park Avenue). This article covers streets in Manhattan, New York City, USA between and including 23rd Street and 42nd Street. ... This article covers streets in Manhattan, New York City, USA between and including 23rd Street and 42nd Street. ... The north end of the tunnel The Murray Hill Tunnel passes under Park Avenue in Manhattan, New York, New York, USA, just south of Grand Central Terminal. ... The main concourse Grand Central Terminal (GCT, often unofficially called Grand Central Station) is a terminal rail station at 15 Vanderbilt Avenue (42nd Street and Park Avenue) in Midtown Manhattan in New York City. ... Main article: Transportation in New York City 42nd Street, NYC 42nd Street is a major crosstown street in the New York City borough of Manhattan, known for its theaters, especially near the intersection with Broadway at Times Square. ... The Helmsley Building is a 35-story building straddling Park Avenue. ...


As Park Avenue enters Midtown north of Grand Central, it is distinguished by many glass-box skyscrapers that serve as headquarters for corporations such as JPMorgan Chase, Citigroup, and MetLife. View of Midtown from Empire State Building. ... JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. ... Citigroup Inc. ... MetLife, Inc. ...


From Grand Central to 97th Street, Metro-North Railroad tracks (formerly of the New York Central Railroad) run in a tunnel underneath Park Avenue (the Park Avenue Tunnel). At 97th, the tracks come above ground, rising onto the other Manhattan structure known as the Park Avenue Viaduct, creating a sharp drop in property values. The first street to pass under the viaduct is 102nd Street; from there to the Harlem River the railroad viaduct runs down the middle of Park Avenue. The Metro-North Railroad (officially the Metro-North Commuter Railroad Company, and usually abbreviated as Metro-North) is a suburban commuter rail service between New York City to its northern suburbs in New York and Connecticut. ... For the current company, see New York Central Lines LLC. The New York Central Railroad (AAR reporting marks NYC), known simply as the New York Central in its publicity, was a railroad operating in the Northeastern United States. ... The north end of the tunnel The Murray Hill Tunnel passes under Park Avenue in the New York City borough of Manhattan, USA, leading up towards Grand Central Terminal. ... The Harlem River, shown in red, between the Bronx and Manhattan in New York City The Harlem River is a tidal strait in New York City, USA that flows 8 miles (13 km) between the East River and the Hudson River, separating the boroughs of Manhattan and the Bronx. ...


In the 1920s the portion of Park Avenue from Grand Central Station to 97th Street saw extensive apartment building construction; as one example, 888 was erected in 1927. This long stretch of the avenue contains some of the most expensive real estate in the world. Real estate at 740 Park Avenue, for example, sells for several thousand dollars per square foot.[2] Current and former residents in this stretch of the thoroughfare include Blackstone Group co-founder Stephen Schwarzman, Highbridge Capital Management co-founder Glenn Dubin, Morgan Stanley executive Zoe Cruz, private equity investor Ronald O. Perelman, John D. Rockefeller Jr. and others. Schwarzman and Dubin both retain residences at 740 Park Avenue. James Cash Penney lived at 888, and Leonard Bernstein at 898. The clock in the Main Concourse © 2004 Metropolitan Transportation Authority Grand Central Terminal (often still called Grand Central Station, although technically that is the name of the nearby post office) is a train station at 15 Vanderbilt Avenue in Midtown Manhattan, New York, a borough of New York City, located... Year 1927 (MCMXXVII) was a common year starting on Saturday (link will display full calendar) of the Gregorian calendar. ... 740 Park Avenue is a luxury apartment building on Park Avenue in Manhattan, which has been the home to many wealthy and famous residents. ... Blackstone Group L.P. (NYSE: BX) is a prominent private equity and investment management firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman. ... Stephen A. Schwarzman (born 14 February 1947) is the Chairman and co-founder of the Blackstone Group private-equity firm. ... Morgan Stanley (NYSE: MS) is an investment bank and retail broker provider headquartered in New York City. ... Cruz is President and director of Morgan Stanley. ... Private equity is a broad term that refers to any type of equity investment in an asset in which the equity is not freely tradable on a public stock market. ... Ronald Owen Perelman (born January 1, 1943) is a wealthy Jewish-American investor and businessman, who appears 94th on the Forbes The Worlds Richest People, with an estimated wealth at USD$6. ... John D. Rockefeller, Jr. ... James Cash Penney (September 16, 1875—February 12, 1971), commonly known as J.C. Penney, was an American department store pioneer and businessman. ... Leonard Bernstein in 1971 Leonard Bernstein (IPA pronunciation: )[1] (August 25, 1918 – October 14, 1990) was an American conductor, composer, and pianist. ...


Park Avenue ends north of 132nd Street, with connections to the Harlem River Drive. The name is continued on the other side of the river in the Bronx by the street just east of the railroad; see Park Avenue (Bronx). The Harlem River Drive is a major freeway-standard parkway on the east side of the New York City borough of Manhattan. ... This article needs additional references or sources for verification. ...


The following institutions are either headquartered or have significant business presences on Park Avenue:

This article needs additional references or sources for verification. ... Altria Group, Inc. ... The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. ... The Blackstone Group is a private investment and advisory firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman. ... Bloomberg L.P. is a financial software service company founded by current New York City mayor Michael Bloomberg with the help of Thomas Secunda in 1981. ... “BCG” redirects here. ... Bristol-Myers Squibb (NYSE: BMY) is a pharmaceutical corporation, formed by a merger between two smaller pharmaceutical companies. ... Citigroup Inc. ... This article or section does not adequately cite its references or sources. ... Deutsche Bank AG (ISIN: DE0005140008, NYSE: DB) (English: ) is a bank operating worldwide and employing more than 75,000 people (June, 2007). ... See also: Hunter College High School Hunter College of The City University of New York (known more commonly as simply Hunter College) is a senior college of the City University of New York (CUNY), located on Manhattans Upper East Side. ... JPMorgan Chase & Co. ... KPMG is one of the largest professional services firms in the world. ... This article needs additional references or sources for verification. ... MetLife, Inc. ... Mutual of America Life Insurance Company, also referred to as Mutual of America is a Fortune 1000 mutual company based in New York, New York. ... Seligman may refer to: Seligman, Arizona Seligman, Missouri Joel Seligman, tenth president of the University of Rochester This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Vivendi SA was created in 1998 when Compagnie Générale des Eaux (CGE), a major French industrial and media company, was renamed. ... UBS can refer to: UBS AG, a banking group Unbundled Bitstream Services United Building Society - the name of several financial institutions in different countries around the world. ... This article is about the hotel. ...

History

The railroad tunnel in 1941

Park Avenue was originally known as Fourth Avenue and carried the tracks of the New York and Harlem Railroad starting in the 1830s. The railroad originally built an open cut through Murray Hill, which was covered with grates and grass between 34th and 40th Street in the early 1850s. A section of this "park" was renamed Park Avenue in 1860. In 1867, the name applied all the way to 42nd Street. When Grand Central Depot was opened in the 1870s, the railroad tracks between 56th and 96th Streets were sunk out of sight, and, in 1888, Park Avenue was extended to the Harlem River. Image File history File links The Park Avenue railroad tunnel in Manhattan from 1941. ... Image File history File links The Park Avenue railroad tunnel in Manhattan from 1941. ... The New York and Harlem Railroad (now the Metro-North Railroad Harlem Line) was one of the first railroads in the United States, and possibly the first street railway, running north from Lower Manhattan to and beyond Harlem. ... The Murray Hill neighborhood of Manhattan extends south from 42nd street to meet the neighborhood of Gramercy (or Rose Hill/Curry Hill as the northern half of Gramercy is often referred to) at 29th street. ... Main article: Transportation in New York City 42nd Street, NYC 42nd Street is a major crosstown street in the New York City borough of Manhattan, known for its theaters, especially near the intersection with Broadway at Times Square. ... Interior of Grand Central Terminal, circa 1920 Grand Central Terminal (often still called Grand Central Station, although technically that is the name of the nearby post office) is a train station at 15 Vanderbilt Avenue in Midtown Manhattan, New York, a borough of New York City, located at 42nd Street...


In 1936, an elevated structure was built around Grand Central Terminal to allow automobile traffic to pass the station unimpeded. In October 1937, a part of the Murray Hill Tunnel was reopened for road traffic. The main concourse Grand Central Terminal (GCT, often unofficially called Grand Central Station) is a terminal rail station at 15 Vanderbilt Avenue (42nd Street and Park Avenue) in Midtown Manhattan in New York City. ... The north end of the tunnel The Murray Hill Tunnel passes under Park Avenue in Manhattan, New York, New York, USA, just south of Grand Central Terminal. ...


On May 5, 1959, the New York City Council voted 20-1 to change the name of Fourth Avenue between 17th and 32nd Streets to Park Avenue South.[3] In 1963, the Pan Am Building was built straddling Park Avenue atop Grand Central Terminal, with a tunnel through it to accommodate the automobile bridge. is the 125th day of the year (126th in leap years) in the Gregorian calendar. ... Year 1959 (MCMLIX) was a common year starting on Thursday (link will display full calendar) of the Gregorian calendar. ... New York City Hall The New York City Council is the lawmaking body of the City of New York. ... The MetLife Building in New York City The MetLife Building, formerly the Pan Am Building, is located at 200 Park Avenue in New York City. ...


See also

// Victoria & Alfred Waterfront in Cape Town Herrengasse in Vienna Image:Copenhagen, Nyhavn. ...

References

  1. ^ Each December Christmas trees are placed in the median. The first time they were erected colored lights were used and accidents occurred because of confusion with traffic signals in from of them. Today only yellow and white lights are shown. Why Yellow Takes the Wheel, The New York Times, July 16, 2006
  2. ^ Rogers, Teri Karush. "Peeking Behind the Gilded Walls of 740 Park Ave.", The New York Times, October 9, 2005. Accessed August 15, 2007.
  3. ^ Bennett, Charles G. "SIGN BAN IS VOTED ON TWO AVENUES; Council Extends Prohibition of Overhanging Advertising to Parts of 6th and 4th LATTER TO BE RENAMED Stretch From 17th to 32d Street to Be Designated Park Avenue South", The New York Times, May 6, 1959. pg. 41.

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