The Real Deal New York

Three-alarm blaze at 510 Madison

February 10, 2009 04:58PM
By Adam Pincus

  • Print

A three-alarm fire broke out last night on the second floor of Macklowe Properties’ 30-story office tower under construction at 510 Madison Avenue at 53rd Street, a New York Fire Department spokesperson said.

The fire was called in just before 10:30 p.m. while no work was being performed at the site, and was officially brought under control at about 2 a.m. today, the spokesperson said. There were no injuries, and the cause of the fire remained under investigation, he said.

The 350,000-square-foot, speculative project is financed by a $329 million construction loan financed by Deutsche Bank and Union Labor Life Insurance. Planned amenities for the project, which was originally conceived as a hotel, include a swimming pool, private gym and business lounge.

The city’s Department of Buildings issued a full stop-work order at the site today because of the ongoing investigation by the Fire Department, said Kate Lindquist, a spokesperson for the city agency.

“It will remain in place until work is safe to proceed,” she said.

The DOB Web site said the fire department requested a structural stability review today because of the blaze.

A spokesman for Macklowe Properties, Steven Solomon, said it was an electrical fire, and did not cause significant damage, but did destroy the safety glass on four floors. The delays to the construction process would be minimal, he said.

Comments are closed.

MENU