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Park Avenue (Manhattan)

 
Park Avenue (Manhattan)

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Park Avenue (Manhattan)



 
 
Park Avenue (formerly Fourth Avenue) is a wide boulevard that carries north and southbound traffic in New York City
New York City

The City of New York is the List of United States cities by population in the United States, while the New York metropolitan area ranks among the List of urban areas by population....
 borough
Borough

A borough is an administrative division of various countries. In principle, the term borough designates a self-governing township although, in practice, official use of the term varies widely....
 of Manhattan
Manhattan

Manhattan is one of the five borough of New York City, located primarily on Manhattan Island at the mouth of the Hudson River.With a United States Census of 1,620,867 living in a land area of 22.96 square miles , Manhattan, coextensive with New York County, is the most population density county in the United States, w...
. Throughout most of its length, it runs parallel to Madison Avenue to the west and Lexington Avenue
Lexington Avenue (Manhattan)

Lexington Avenue, often abbreviated by New Yorkers as "Lex," 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....
 to the east.

The flowers and greenery in the median of Park Avenue are maintained by the Fund for Park Avenue. Begonia
Begonia

Begonia is a genus in the flowering plant family Begoniaceae. The only other member of the family Begoniaceae is Hillebrandia, a genus with a single species in the Hawaiian Islands....
s are a flower of choice for the Funds gardeners because there is no automatic watering system and they can cope with hot sun.

Each December, Christmas tree
Christmas tree

File:Christmas Tree.JPGThe Christmas tree is one of the most popular traditions associated with the celebration of Christmas. Normally an evergreen Pinophyta tree that is brought into a home or used in the open, a Christmas tree is decorated with Christmas lights and colourful Christmas ornaments during the days around Christmas....
s are placed in the median.






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Park Avenue (formerly Fourth Avenue) is a wide boulevard that carries north and southbound traffic in New York City
New York City

The City of New York is the List of United States cities by population in the United States, while the New York metropolitan area ranks among the List of urban areas by population....
 borough
Borough

A borough is an administrative division of various countries. In principle, the term borough designates a self-governing township although, in practice, official use of the term varies widely....
 of Manhattan
Manhattan

Manhattan is one of the five borough of New York City, located primarily on Manhattan Island at the mouth of the Hudson River.With a United States Census of 1,620,867 living in a land area of 22.96 square miles , Manhattan, coextensive with New York County, is the most population density county in the United States, w...
. Throughout most of its length, it runs parallel to Madison Avenue to the west and Lexington Avenue
Lexington Avenue (Manhattan)

Lexington Avenue, often abbreviated by New Yorkers as "Lex," 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....
 to the east.

The flowers and greenery in the median of Park Avenue are maintained by the Fund for Park Avenue. Begonia
Begonia

Begonia is a genus in the flowering plant family Begoniaceae. The only other member of the family Begoniaceae is Hillebrandia, a genus with a single species in the Hawaiian Islands....
s are a flower of choice for the Funds gardeners because there is no automatic watering system and they can cope with hot sun.

Each December, Christmas tree
Christmas tree

File:Christmas Tree.JPGThe Christmas tree is one of the most popular traditions associated with the celebration of Christmas. Normally an evergreen Pinophyta tree that is brought into a home or used in the open, a Christmas tree is decorated with Christmas lights and colourful Christmas ornaments during the days around Christmas....
s 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 front of them. Today only yellow and white lights are used.

Route

Parkavenueaug2004
The road that becomes Park Avenue originates as the Bowery
Bowery

Bowery may refer to:* Bowery , an area of and street in New York City** Bowery Amphitheatre, a building in the Bowery neighborhood of New York City...
. From Cooper Square
Cooper Square

Cooper Square is a junction of streets in Manhattan, New York City. It is at the confluence of the neighborhoods of Bowery , the East Village, Manhattan and the Lower East Side....
 at 8th Street to Union Square
Union Square (New York City)

Union Square is an important and historic intersection in New York City, located where Broadway and Bowery, Manhattan came together in the early 19th century; its name does not celebrate the federal union but rather denotes the fact that "here was the union of the two principal thoroughfares of the island" and the confluence of several troll...
 at 14th Street
14th Street (Manhattan)

14th Street is a major crosstown street in the New York City borough of Manhattan. The street rivals the size of some of the well-known avenues of the city and is an important business location....
, it is known as Fourth Avenue. Above 14th Street, it turns slightly east of north to align with other avenues of the Commissioners' Plan of 1811
Commissioners' Plan of 1811

File:NYC-GRID-1811.pngThe Commissioners' Plan of 1811 was a proposal by the New York Legislature adopted in 1811 for the orderly development and sale of the land of Manhattan between 14th Street and Washington Heights, Manhattan....
. From 14th Street to 17th Street
17th Street (Manhattan)

17th Street is an east-west running street between First Avenue and Eleventh Avenue in the borough of Manhattan in New York City. Traffic runs one way along the street, from east to west....
, 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 above 32nd Street, for the remainder of its distance, it is known as Park Avenue.

Between 33rd Street and 40th Street, the left-hand northbound lane descends into the Murray Hill Tunnel
Murray Hill Tunnel

The Park Avenue Tunnel passes under Park Avenue in the New York City borough of Manhattan, USA, leading up towards Grand Central Terminal. It once carried the New York and Harlem Railroad and later that company's streetcar line and was called the "Murray Hill Tunnel"....
. Immediately across from 40th Street, the center lanes of Park Avenue rise onto an elevated structure that goes around Grand Central Terminal
Grand Central Terminal

Grand Central Terminal ? often popularly called Grand Central Station or simply Grand Central ? is a Train station#Terminus at 42nd Street and Park Avenue in Midtown Manhattan in New York City....
 and the MetLife Building
MetLife Building

The MetLife Building, originally called the Pan Am Building, is a skyscraper located at 200 Park Avenue in New York City....
 (formerly the PanAm Building), carrying each direction of traffic on opposite sides of the buildings. 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
Helmsley Building

Located at 230 Park Avenue the Helmsley Building is a 35-story building straddling Park Avenue. Before the erection of the Pan Am Building, now the MetLife Building, this building was the city's dowager queen, lording over the city's second most prestigious avenue and marking the elegant heart of the city as it was the tallest structure in...
 (also referred to as the New York Central Building or 230 Park Avenue).

As Park Avenue enters Midtown north of Grand Central Terminal
Grand Central Terminal

Grand Central Terminal ? often popularly called Grand Central Station or simply Grand Central ? is a Train station#Terminus at 42nd Street and Park Avenue in Midtown Manhattan in New York City....
, it is distinguished by many glass-box skyscrapers that serve as headquarters for corporations such as JPMorgan Chase at 270 Park Avenue
270 Park Avenue

The JPMorgan Chase Tower or the Union Carbide Building is a skyscraper in Midtown Manhattan, designed by the office of Skidmore, Owings & Merrill....
 and 277 Park Avenue
277 Park Avenue

277 Park Avenue is an office building in New York City and is the current home of the JPMorgan Chase Investment Banking Division. JP Morgan's takeover of Bear Stearns in 2008 will mean most employees will be moved to 383 Madison Avenue to reduce the leased real estate footprint in Midtown....
, Citigroup
Citigroup

Citigroup Inc., doing business as Citi, is a major United States financial services company based in New York City. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group on April 7, 1998....
, Colgate-Palmolive
Colgate-Palmolive

Colgate-Palmolive Company is an United States diversified multinational corporation focused on the production, distribution and provision of household, health care and personal products, such as soaps, detergents, and oral hygiene products ....
, and MetLife at the MetLife Building
MetLife Building

The MetLife Building, originally called the Pan Am Building, is a skyscraper located at 200 Park Avenue in New York City....
.

From Grand Central to 97th Street, Metro-North Railroad
Metro-North Railroad

The Metro-North Commuter Railroad , trading as MTA Metro-North Railroad, or, more commonly, Metro-North, is a suburban Regional rail service that is run and managed by the Metropolitan Transportation Authority , an New York State public benefit corporations of New York State....
 tracks run in a tunnel underneath Park Avenue (the Park Avenue Tunnel
Park Avenue Tunnel

Park Avenue Tunnel may refer to:*Park Avenue Tunnel , a railroad tunnel under Park Avenue in the Upper East Side, in New York City*Park Avenue Tunnel , a roadway tunnel under Park Avenue South in Murray Hill, in New York City...
). There are no cross-walk signals or overhead traffic lights along this stretch of Park Avenue due to the presence of the tunnels underneath, and the inability to anchor the heavy devices into solid ground. At 97th, the tracks come above ground, rising onto the other Manhattan structure known as the Park Avenue Viaduct. The first street to pass under the viaduct is 102nd Street; from there to the Harlem River
Harlem River

The Harlem River is a navigable tidal strait in New York City, United States that flows 8 miles between the East River and the Hudson River , separating the borough of Manhattan and the Bronx....
 the railroad viaduct runs down the middle of Park Avenue.

In the 1920s the portion of Park Avenue from Grand Central Station to 97th Street saw extensive apartment building construction. This long stretch of the avenue contains some of the most expensive real estate in the world. Real estate at 740 Park Avenue
740 Park Avenue

740 Park Avenue is a Luxury real estate apartment building on Park Avenue in Manhattan, which has been the home to many wealthy and famous residents....
, for example, sells for several thousand dollars per square foot. Current and former residents in this stretch of the thoroughfare include Blackstone Group
Blackstone Group

The Blackstone Group, L.P. is a an alternative asset management and financial services company that specializes in private equity, real estate investing and hedge funds investment strategies as well as mergers and acquisitions , restructuring and Private placement agent advisory services....
 co-founder Stephen Schwarzman, Highbridge Capital Management co-founder Glenn Dubin, former Morgan Stanley
Morgan Stanley

Morgan Stanley is a global financial services provider headquartered in New York City, New York, United States. It serves a diversified group of corporations, governments, financial institutions, and individuals....
 executive Zoe Cruz
Zoe Cruz

Zoe Cruz is a Greece-born United States senior banking executive and former co-president of Morgan Stanley. In 2006, she was on the list of Forbes' 100 Most Powerful Women of the World and ranked the #10 spot....
, private equity
Private equity

In finance, private equity is an asset class consisting of Stock securities in operating companies that are not publicly traded on a stock exchange....
 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
Leonard Bernstein

Leonard Bernstein was a multi-Emmy-winning and Academy Award for Original Music Score nominated American Conductor , composer, author, music lecturer and Piano....
 at 898. The 10021 ZIP Code
ZIP Code

File:UseZipCode.JPGThe ZIP code is the system of postal codes used by the United States Postal Service . The letters ZIP, an acronym for Zone Improvement Plan, are properly written in capital letters and were chosen to suggest that the mail travels more efficiently, and therefore more quickly, when senders use the code....
, through which this section of Park Avenue runs, is the wealthiest zip code in the United States.

Park Avenue ends north of 132nd Street, with connections to the Harlem River Drive
Harlem River Drive

The Harlem River Drive is a major freeway-standard parkway on the east side of the New York City borough of Manhattan. It runs along the Harlem River from the Triborough Bridge to the George Washington Bridge and points further north in Manhattan....
. The name is continued on the other side of the river in the Bronx
The Bronx

The Bronx is the northernmost of the Five Boroughs of New York City and the newest of the 62 Administrative divisions of New York#county of New York State....
 by the street just east of the railroad; see Park Avenue (Bronx).

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

    Alcoa, Inc. is the world's third largest producer of aluminum, behind Rio Tinto Alcan and Rusal. From its operational headquarters in Pittsburgh, Pennsylvania, Alcoa conducts operations in 44 countries....
  • Americas Society
    Americas Society

    The Americas Society is an organization dedicated to education, debate, and dialogue in the Americas; established in 1965 by David Rockefeller. The Americas Society promotes the understanding of the economic, political, and cultural issues that define and challenge the Americas today, including everywhere from the Arctic Circle to the souther...
  • Asia Society
    Asia Society

    The Asia Society is the leading global and pan-Asian organization whose mission is to strengthen relationships and promote understanding among the people, leaders and institutions of Asia and the United States....
  • Bankers Trust
    Bankers Trust

    The Bankers Trust was a historic United States banking organization that was acquired by Deutsche Bank in 1998....
  • The Blackstone Group at 345 Park Avenue
    345 Park Avenue

    345 Park Avenue is a 634ft tall skyscraper in New York City, New York. It was completed in 1969 and has 44 floors. Emery Roth designed the building, which is the 60th tallest in New York....
  • Boston Consulting Group
    Boston Consulting Group

    The Boston Consulting Group is a global management consulting firm, founded by Bruce Henderson in 1963. It has 66 offices in 38 countries, and its current CEO is Hans-Paul B?rkner....
  • Bristol Myers Squibb
  • Citigroup
    Citigroup

    Citigroup Inc., doing business as Citi, is a major United States financial services company based in New York City. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group on April 7, 1998....
     at 399 Park Avenue
    399 Park Avenue

    399 Park Avenue is a 41-story office building that is the world headquarters of Citigroup in New York City.Citigroup's chairman and chief executive officer operate from the building's second floor....
  • Consulate General of Japan
  • Colgate-Palmolive
    Colgate-Palmolive

    Colgate-Palmolive Company is an United States diversified multinational corporation focused on the production, distribution and provision of household, health care and personal products, such as soaps, detergents, and oral hygiene products ....
     at 300 Park Avenue
  • Deutsche Bank
    Deutsche Bank

    Deutsche Bank Aktiengesellschaft is an international Universal bank with a broad private clients franchise, headquartered in Frankfurt am Main, Germany....
  • Environmental Defense Fund
  • Hilb, Rogal, & Hobbs
  • Hunter College
    Hunter College

    Hunter College of the City University of New York is a senior college of the City University of New York , located on Manhattan's Upper East Side....
  • ING Clarion
  • JPMorgan Chase & Co.
    JPMorgan Chase & Co.

    JPMorgan Chase & Co. is one of the oldest financial services firms in the world. It is a leader in financial services with assets of $2.3 trillion., and the largest market capitalization and deposit base of any United States banking institution....
     at 270 Park Avenue
    270 Park Avenue

    The JPMorgan Chase Tower or the Union Carbide Building is a skyscraper in Midtown Manhattan, designed by the office of Skidmore, Owings & Merrill....
  • KPMG
    KPMG

    KPMG is one of the largest professional services firms in the world. KPMG employs over 136,500 people in a global network of professional services firms spanning over 140 countries....
  • Major League Baseball
    Major League Baseball

    Major League Baseball is the highest level of play in American professional baseball. Specifically, Major League Baseball refers to the organization that operates the National League and the American League, by means of a joint organizational structure that has developed gradually between them since 1903 ....
  • Mercedes-Benz
    Mercedes-Benz

    Mercedes-Benz is a German manufacturer of automobiles, buses, coach es, and trucks. It is currently a division of the parent company, Daimler AG , after previously being owned by Daimler-Benz....
  • M&T Bank
    M&T Bank

    M&T Bank is an United States commercial bank. It was founded in 1856 in western New York, and is today headquartered in Buffalo, New York at One M & T Plaza....
  • MetLife at 200 Park Avenue
    MetLife Building

    The MetLife Building, originally called the Pan Am Building, is a skyscraper located at 200 Park Avenue in New York City....
  • Mutual of America
    Mutual of America

    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....
     at 320 Park Avenue
  • Needham & Company
  • New York Life
  • Reed Elsevier
    Reed Elsevier

    Reed Elsevier is a global publisher and information provider. It is listed on several of the world's major stock exchanges. The Reed Elsevier group is a dual-listed company consisting of Reed Elsevier PLC and Reed Elsevier NV....
  • St. Bartholomew's Episcopal Church, New York
  • Sanofi-Aventis
    Sanofi-Aventis

    Sanofi-Aventis , headquartered in Paris, France, is a multinational pharmaceutical company. The company is the world's fourth largest List of pharmaceutical companies....
  • Scandinavia House
  • Seligman
  • Vivendi SA
  • UBS
    UBS AG

    UBS Aktiengesellschaft is a diversified global financial services company, with its main headquarters in Basel and Z?rich, Switzerland. It is the world's largest manager of private wealth assets, "the world's biggest manager of other people's money" and is also the second-largest bank in Europe, by both market capitalisation and profitabil...
  • The Waldorf-Astoria Hotel at 301 Park Avenue

History

Park Avenue Tunnel
Park Avenue was originally known as Fourth Avenue and carried the tracks of the New York and Harlem Railroad
New York and Harlem Railroad

The New York and Harlem Railroad 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....
 starting in the 1830s. The railroad originally built an open cut through Murray Hill
Murray Hill, Manhattan

Murray Hill is a neighborhood in the New York City borough of Manhattan. Around 1987 many promoters of the neighborhood and newer residents described the boundaries as within East 34th Street, East 42nd Street, Madison Avenue, and the East River; In 1999 Frank P....
, 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
42nd Street (Manhattan)

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....
. 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.

In 1936 the elevated Grand Central Terminal Park Avenue Viaduct
Grand Central Terminal Park Avenue Viaduct

The Grand Central Terminal Park Avenue Viaduct is a roadway that brings Park Avenue around Grand Central Terminal and the MetLife Building, the two buildings that interrupt Park Avenue's broad boulevard....
 was built around the station to allow automobile traffic to pass unimpeded. In October 1937, a part of the Murray Hill Tunnel
Murray Hill Tunnel

The Park Avenue Tunnel passes under Park Avenue in the New York City borough of Manhattan, USA, leading up towards Grand Central Terminal. It once carried the New York and Harlem Railroad and later that company's streetcar line and was called the "Murray Hill Tunnel"....
 was reopened for road traffic. Efforts to promote a Grand Park Avenue Expressway to Grand Concourse in the Bronx were unavailing.

On May 5, 1959, the New York City Council
New York City Council

The New York City Council is the lawmaking body of the New York City. It has 51 members from 51 council districts throughout the five boroughs. The Council serves as balance of power against the List of mayors of New York City in a "strong" mayor-council government model....
 voted 20-1 to change the name of Fourth Avenue between 17th and 32nd Streets to Park Avenue South. 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.

See also