The Real Deal New York

The Closing: Robert Gladstone

The developer on "shooting off" his mouth, losing out on a Hamptons windfall and his days as a hippie
By E.B. Solomont | June 13, 2016 07:00AM


Robert Gladstone (credit: Marc Scrivo)

From the June issue: Robert Gladstone is the owner of Madison Equities, a Manhattan-based development firm founded in the 1960s by his parents, Kenneth and Lucille Gladstone. Robert joined the family business in 1972 and took the reins in 1992. To date, the firm has developed more than 250,000 apartments and over 25 million square feet of offices, hospitals and hotels, including the W Times Square. Signature projects over the years include the Excelsior, a residential tower at 303 East 57th Street, and the Galleria, a mixed-use building also on 57th. Madison has also developed condos such as the Chelsea Modern and 57 Irving, which both hit the market during the last downturn. The firm is currently developing three condos for a combined $950 million: 212 Fifth Avenue, 10 Sullivan Street and 45 Broad Street. [more]