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New York & Tri-State  + Midtown New York  + Office  | 
The 47-story 425 Park Ave. is Park Avenue's first full-block office development in half a century

L&L’s 425 Park Ave. Holds Grand Opening; 85% Leased at Completion

L&L Holding Company and its project partners celebrated the grand opening of 425 Park Ave. In Midtown Manhattan’s Plaza District. Developed by L&L with Tokyu Land Corporation and BentallGreenOak, 425 Park is the first full-block office development to be completed along Park Avenue in half a century. 

“From day one, we viewed 425 Park as a once-in-a-lifetime opportunity – and an awesome responsibility – to create a tower of enduring value that would stand proudly alongside the Plaza District’s architectural masterpieces,” said L&L Chairman and CEO David W. Levinson.  “Working with our assembled team of visionaries in the fields of architecture, engineering, hospitality, human wellness and the arts, we have created the ultimate office environment in both form and function.” 

The 47-story tower is already 85% leased, anchored by Citadel, which increased its occupancy to 415,400 square feet across 20 floors. L&L Holding’s David Berkey oversees leasing for the property. 


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L&L Holding Company

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development