With Bowlmor, Billy Macklowe inches into his father’s turf

Plan to convert iconic bowling alley marks first residential project for son of famed developer

New York /
Feb.February 18, 2014 12:48 PM

Billy Macklowe is launching his first residential project after renovating office buildings for years, nudging into his father and real estate mogul Harry’s territory.

The fast-rising developer has largely set his sights on the commercial real estate market with his 4-year-old property investment firm, William Macklowe Company. But Macklowe now has plans to replace iconic bowling alley Bowlmor, located at 110 University Place in Greenwich Village, with a luxury condominium.

With both Macklowes in the residential market, it’s possible they could compete with each other, according to the Wall Street Journal.

“We could partner together, too,” the young Macklowe told the Journal. His father Harry is best known for building the tallest residential tower in the Western Hemisphere: 432 Park Avenue, which he once called the “culmination” of his career. His son’s projects have been smaller, including the of 386 Park Avenue South — but he’s in no rush for bigger deals, he told the Journal. [WSJ] — Angela Hunt


Related Articles

arrow_forward_ios
Photo illustration of Harry Macklowe and Linda Macklowe (Getty/Illustration by Kevin Rebong for The Real Deal)
Buyers go bonkers as Macklowe art auction fetches $676M
Buyers go bonkers as Macklowe art auction fetches $676M
Lloyd and Barbara Macklowe with the home at  51 West End Avenue (Google Maps, Getty)
Harry Macklowe’s brother lists Hamptons home for $60M
Harry Macklowe’s brother lists Hamptons home for $60M
Macklowe Properties CEO Harry Macklowe and Linda Macklowe with pieces of their art collection (Sotheby's, iStock, Getty)
Macklowe’s $600M art collection lands at Sotheby’s for auction
Macklowe’s $600M art collection lands at Sotheby’s for auction
(Engel & Völkers Market Center, 432 Park)
Sugimoto-curated 79th floor at 432 Park quietly hits market
Sugimoto-curated 79th floor at 432 Park quietly hits market
From left: Compass CEO Robert Reffkin, 1 Wall Street and Macklowe Properties chairman Harry Macklowe (Getty; Macklowe Properties)
Macklowe taps Compass to sell 1 Wall Street
Macklowe taps Compass to sell 1 Wall Street
Mort Zuckerman and Harry Macklowe with 510 Madison Avenue (Getty, Google Maps)
Harry Macklowe sues Boston Properties for $30M
Harry Macklowe sues Boston Properties for $30M
From left: Donald Trump (pictured in the 1980s), Steve Ross, Charles Kushner, Harry Macklowe with (inset) Hiten Samtani and Charles Bagli (Getty, Sasha Maslov)
Scoundrels of the skyline: Charles Bagli on the most colorful characters in the real estate biz
Scoundrels of the skyline: Charles Bagli on the most colorful characters in the real estate biz
Harry Macklowe and the GM Building at 767 Fifth Avenue (Getty, Michele Ursino via Flickr)
Harry Macklowe is behind on rent for HQ at GM Building: report
Harry Macklowe is behind on rent for HQ at GM Building: report
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...