The Ritz Tower Inc.
Type of building: Cooperative
Address: 465 Park Avenue New York, New York
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The Ritz Tower Hotel was erected in 1926, and at forty-one stories was the first high-rise apartment tower. Emery Roth incorporated advanced technology in his design of the building, clothed in a manner such that Ayn Rand described it as “a Renaissance palace made of rubber and stretched to a height of forty stories.”
In an intricately detailed article about The Ritz Tower, real estate journalist Carter B. Horsley wrote: “The appearance of The Ritz in 1925 seemed like a symbolic event. It expressed what was in people’s imagination, caught the Jazz Age in stone, and announced the beginning, at last, of the modern age. At forty-one stories, it was the first residential skyscraper in the city and the tallest such structure in the world. It looked like sheer verticality as it narrowed, like a telescope, up through its setbacks, to a tower in the clouds. It was a ‘sky-puncture,’ ‘a flare,’ the critics said, quite overcome, noting that ‘even the ‘professional’ New Yorker, who has ceased to [be] awed by the wonders of the present age, stops to view and contemplate the actual arrival of the home five hundred feet high.'”
The offering plan is an extremely important document that provides prospective buyers and other interested parties with a wealth of information regarding the physical aspects of a building or group of buildings. The plan may cover a variety of topics, such as the condition of the property, any renovations that are planned or currently underway, and the overall layout and design of the building. It may also include detailed information about any amenities or features that are associated with the property, such as swimming pools, fitness centers, or rooftop terraces. Additionally, the offering plan may outline any restrictions or regulations that are in place, such as rules governing pets or noise levels. Overall, the offering plan is an essential tool for anyone looking to make an informed decision about a real estate purchase and should be carefully reviewed in order to fully understand the property and its features.
