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Posts Tagged ‘Harry Macklowe’

  • Rendering of 432 Park Avenue office development (credit: DBOX) and Harry Macklowe

    Rendering of 432 Park Avenue office development (credit: DBOX) and Harry Macklowe

    UPDATED, 4:39 p.m., June 16: Harry Macklowe is seeking some of the highest asking office rents in the city at the commercial portion of his 432 Park Avenue development in Midtown.

    Asking rents at the 71,000-square-foot, cube-like office building – which is attached to 432 Park Avenue’s 1,400-foot-tall residential tower and shares the same address – start at $150 per square foot. [more]

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  • From left: Harry Macklowe, "Liar's Ball" and J.C. Chandor

    From left: Harry Macklowe, “The Liar’s Ball” and J.C. Chandor

    “The Liar’s Ball,” a nonfiction book by investigative reporter Vicky Ward that tracks Harry Macklowe’s machinations while redeveloping the GM Building in the 1990s and 2000s, is going to be adapted as a feature film. [more]

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  • Rendering of 432 Park Avenue (credit: Rafael Vinoly Architects) and a Josef Hoffmann-designed trash basket

    Rendering of 432 Park Avenue (credit: DBOX for CIM Group & Macklowe Properties ) and a Josef Hoffmann-designed trash basket

    UPDATED, May 30, 3:42 p.m.: Pure, revolutionary, genuinely distinguished — these are all terms that architecture critics have used to describe Rafael Vinoly’s masterwork, the Western Hemisphere’s tallest residential tower, 432 Park Avenue. But would they say the same of the trash basket it was modeled on?

    [more]

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  • macklowe_737-park

    Harry Macklowe, 737 Park Avenue

    Billionaire developer Harry Macklowe is waging a $9.7 million legal battle over a $244.37-a-month Park Avenue apartment. [more]

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  • Harry-Macklowe-1-Wall-Street

    From left: Harry Macklowe and 1 Wall Street

    RKF will be marketing the retail space at Macklowe Properties’ 1 Wall Street for lease.

    The former home of the Bank of New York Mellon has a roughly 100,000-square-foot retail space, that could grow to 200,000 square feet, according to the New York Observer. “The building runs from Wall Street to Exchange Place on Broadway and (has) approximately 365 feet of frontage on Broadway, less the residential entrances, whatever those are,” RKF founder Robert Futterman told the newspaper.  [more]

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  • 432 Park Investment

    From left: 432 Park Avenue, Harry Macklowe, 30 Park Place and David Eyzenberg

    When Harry Macklowe saw his bet on the Manhattan office market collapse in 2008 and was forced to default on a $5.8 billion loan, his lender, Deutsche Bank, absorbed much of the immediate financial wallop.

    Seven years later, a resurgent Macklowe is betting the farm on Manhattan’s luxury condo market through 432 Park Avenue, a project he’s referred to as “the culmination” of his career. But if this wager were to turn sour, someone altogether different could share the pain: a foundation dedicated to fighting malnutrition and disease among children in developing countries.  [more]

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  • From left: 36 East 57th Street, Harry Macklowe and 432 Park Avenue

    From left: 36 East 57th Street, Harry Macklowe and 432 Park Avenue

    Harry Macklowe’s Macklowe Properties holds a stake in the retail space directly adjacent to the 432 Park Avenue site on East 57th Street, a permit application filed with the city on Monday reveals. The application shows that the 432 Park co-developer will have at least 126 feet — the longest single stretch — of lucrative retail frontage on the south side of East 57th Street, between Madison and Park avenues. [more]

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  • From left: Harry Macklowe, 432 Park Avenue and a map depicting 36 East 57th Street (in orange) and 432 Park

    From left: Harry Macklowe, 432 Park Avenue and a map depicting the location of 36 East 57th Street (in orange) relative to 432 Park

    With a move to demolish a five-story building adjacent to 432 Park Avenue, Macklowe Properties appears to be eyeing an expansion of the skyscraper’s retail footprint. [more]

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  • macklowe-acosta

    From left: Harry Macklowe and Rolando Acosta

    An appellate panel has affirmed a Supreme Court justice’s granting of a summary judgment against Harry Macklowe after a long-running legal battle between the developer and former partner Warren Cole.

    The Appellate Division in the First Department also affirmed a $30 million judgment entered by Supreme Court Justice Cynthia Kern against Macklowe himself. Cole worked for Macklowe from 1988 to 1999. [more]

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  • Harry Macklowe, surrounded by his empire

    Harry Macklowe, surrounded by his empire

    Harry Macklowe, the developer of 432 Park Avenue, has always been an outsized risk-taker. Today, he’s at the top of his game, but in 2007, he was at the cusp of losing a large chunk of his empire, including his prized GM Building. The Real Deal wrote a profile of him at the time. Check out the full story here.

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  • From left: Harry Macklowe and 1 Wall Street

    From left: Harry Macklowe and 1 Wall Street

    Harry Macklowe is converting an iconic, 50-story Financial District tower into a residential building with a retail component. [more]

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  • From left: Harry Macklowe, 985-989 Third Avenue and renderings for the development site

    From left: Harry Macklowe, 985-989 Third Avenue and renderings for the development site

    Macklowe Properties has filed demolition plans for the Upper East Side development site it snapped up for $100 million in August.

    The plans call for demolishing three buildings 985-989 Third Avenue, including a three-story and two four-story structures, according to filings submitted Thursday to the city’s Department of Buildings. [more]

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  • The Dior store on 57th Street

    The Dior store on 57th Street

    Retail rents along 57th Street surged over the last six months as millionaires and billionaires closed on pricey condominium units at 432 Park Avenue and developers moved forward with other pricey towers. In addition, space on Broadway near the World Trade Center rose sharply, information from a new report from the trade group the Real Estate Board of New York shows. [more]

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  • The rise of 432 Park: INTERACTIVE

    October 28, 2014 10:00AM
    432 Park Avenue

    A rendering of 432 Park Avenue. (Credit: Streeteasy)

    A 17-year-old daredevil snapped photos from atop it. Its penthouse asked $95 million — and sold successfully. Developer Harry Macklowe even compared it to the Mona Lisa. There’s been no shortage of attention for 432 Park Avenue, the 1,396-foot building which recently became the tallest residential building in the Western Hemisphere. The Real Deal collected some of the top tweets, photos, videos and stories that have surfaced about the megatower in recent months. For more, click here.

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  • Trump blasts book about GM Building deal

    October 17, 2014 04:05PM
    From left: Vicky Ward, Liar's Ball cover and Donald Trump

    From left: Vicky Ward, Liar’s Ball cover and Donald Trump

    The Donald is not happy with Vanity Fair reporter Vicky Ward’s new book. [more]

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  • The view from the top of 432 Park: VIDEO

    October 14, 2014 05:50PM
    432 Park Avenue

    432 Park Avenue

    So you may never know what it feels like to live atop the tallest building in the Western Hemisphere, but a video is the second best thing, right? Click here for a better view from Harry Macklowe’s 432 Park, the 96-story megatower making headlines and breaking records.

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  • 20140930_witkoff_park_lane

    From left: Park Lane Hotel and Steve Witkoff

    A small group is looking to secure landmark status for the Park Lane Hotel at 36 Central Park South, and some insiders see the hand of a special interest guiding the effort.

    People with knowledge of the campaign told the New York Times the landmark backers are likely acting on behalf of someone who doesn’t want to see a new 850-foot tower move forward, such as a rival developer or wealthy condo owner in a nearby home. The property – the last jewel in Leona Helmsley’s massive estate crown – sold to a partnership that included developers Harry Macklowe and Steve Witkoff for $660 million. [more]

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  • From left: Harry Macklowe, Bob Knakal and 985-989 Third Avenue

    From left: Harry Macklowe, Bob Knakal and 985-989 Third Avenue

    Macklowe Properties officially closed on a $100 million transaction for three properties on the Upper East Side, according to city records. [more]

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  • From left: Harry Macklowe, Eliot Rabin and Aby Rosen

    From left: Harry Macklowe, Eliot Rabin and Aby Rosen

    Harry Macklowe and his former tenant Eliot Rabin — owner of men’s and women’s clothing brand Peter Elliot — will be seeing each other in court. [more]

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  • 432-park-final

    432 Park Avenue and Harry Macklowe

    Macklowe Properties, along with an unidentified foreign equity partner, is buying the retail space at the super-luxury 432 Park Avenue condominium tower for approximately $450 million from CIM Group, several industry sources told The Real Deal.

    While Macklowe, led by chairman Harry Macklowe, is widely described as the co-developer with CIM Group of 432 Park, his ownership stake has always been unclear. [more]

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