Wikipedia: Lipstick Building
The Lipstick Building (also known as 53rd at Third) is a 453 foot (138 meters) tall skyscraper located at 885 Third Avenue, between East 53rd Street and 54th Street, across from the Citigroup Center in Manhattan, New York City, United States. It was completed in 1986 and has 34 floors. The building was designed by John Burgee Architects with Philip Johnson. The building receives its name from the shape and color it has which were based on a lipstick.
At three levels, blocks of the building recede as part of a building regulation in which the building is required to recede at least three times to allow the availability of light to street level. The shape, which is unusual in comparison to surrounding buildings, uses less space at the base than a regular skyscraper of quadrilateral footprint would use. This provides more room for the high numbers of pedestrians who travel via Third Avenue.
At the base, the building stands on columns which act as an entrance for a vast post-modern hall. They are two stories high and separate the street from the nine meter high lobby. Due to the fact that the elevators and emergency staircases are located to the rear of the building, this area is "hollow".
The exterior of the building is a continuous wall of red enameled Imperial granite and steel. The ribbon windows are surrounded by gray frames. In between each floor is a small line of red which is taken from the red color of lipstick. The curvature of the building allows light to reflect off the surface at different places.
The largest tenant of the lipstick building is the law firm Latham & Watkins.
28 October 1985, New York (NY) Times, pg. D9:
And they have already contracted to go into the "lipstick building" at Third Avenue and 53d Street with 35,000 square feet to start and options for 17,000 more every two years.
C-Bass, Lipstick Tower, Michael Jordan’s: Bankruptcy
By Bill Rochelle - Nov 17, 2010 8:30 AM CT
Lipstick Building Files Prepack to Reduce Mortgage
The owner of the so-called Lipstick Building on Third Avenue in Manhattan filed a prepackaged Chapter 11 petition yesterday in New York to reduce the $210 million mortgage to $115 million. The only two classes of affected creditors already accepted the plan.
The 34-story property, between 53rd and 54th Streets on the East Side of Manhattan, was built in 1986. The nickname resulted from the building’s dark pink color and elliptical shape.