Lord Norman Foster’s winning design for 425 Park Ave., the avenue’s first new office tower in almost 50 years, will rise 855 feet.

The 41-story steel-frame structure will be 200 feet shorter than the Chrysler Building and 500 feet shorter than the record-breaking residential tower at 432 Park Ave.

L&L Holding Company chose Foster + Partners’ design, which beat out proposals from nine other international architectural firms, including Rem Koolhaas’s OMA, Lord Richard Rogers’ Rogers Stirk Harbor & Partners and Zaha Hadid Architects. The request for proposals asked for flexible floorplates, column free-spans, energy efficiency and a contemporary aesthetic fitting with Park Avenue.

Construction will start in 2015, two years before the potential Midtown East rezoning would take effect, the New York Observer reported.

L&L Holding’s chairman and chief executive David Levinson told the Observer that the building would be attractive to private equity firms, hedge funds, high-end fashion corporations and other international companies for its prestigious address and Central Park views.

Check out the renderings below, courtesy of Foster + Partners via the CTBUH. We especially like the three tapered fins that cut through the east side of the building:

 

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