Macklowe is eyeing Venezuelan consulate building for his Tower Fifth supertall

The developer is also set to close on a neighboring site, 14 East 52nd Street

New York /
Jun.June 19, 2019 08:48 AM
From left: a rendering of Tower Fifth, Harry Macklowe  and 9 East 51st Street (Credit: Google Maps, Getty Images, and New York Times)

From left: a rendering of Tower Fifth, Harry Macklowe  and 9 East 51st Street (Credit: Google Maps, Getty Images, and New York Times)

Harry Macklowe is continuing his pursuit of a land assemblage for his Tower Fifth supertall project in Midtown.

The developer is currently eyeing a four-story building at 9 East 51st, which houses the Venezuelan consulate, according to the New York Post. While it’s unclear if a contract has been signed for the building, Macklowe told the outlet that it’s “done.” The developer is also in contract to purchase 14 East 52nd Street, on the other side of the block.

The proposed 1.3 million-square-foot tower commercial tower, which is just a few blocks from his 432 Park Avenue and adjacent to St. Patrick’s cathedral, is expected to rise 1,500 feet. Macklowe has spent millions of dollars purchasing air rights around the assemblage, which includes multiple buildings he has purchased in recent years.

Renderings of the building show a lobby entry at the current site of the Venezuelan consulate. [NYP] — David Jeans 


Related Articles

arrow_forward_ios
Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)
Here’s what the $10M-$30M NYC investment sales market looked like last week
Here’s what the $10M-$30M NYC investment sales market looked like last week
Lloyd and Barbara Macklowe with 51 West End Road (Getty, Douglas Elliman)
Macklowe Gallery founders chop another $10M off East Hampton home ask
Macklowe Gallery founders chop another $10M off East Hampton home ask
Tankhouse’s Sam Alison-Mayne with 452 Union Street (Facades Plus, Google Maps, Getty)
Multifamily deals dominate strong week of NYC i-sales
Multifamily deals dominate strong week of NYC i-sales
Clarion Partners CEO David Gilbert along with 44 Berry Street (left) and 139 N 10th St (right) in Williamsburg (Getty Images, Clarion Partners, Google Maps)
Clarion eyes $70M for Williamsburg loft apartments
Clarion eyes $70M for Williamsburg loft apartments
A photo illustration of Kevin Ryan and 174 Mott Street (Getty Images, Milsmith Real Estate Advisory Services)
NYC tech legend takes spin at real estate, buys Nolita office for $41M
NYC tech legend takes spin at real estate, buys Nolita office for $41M
Arch Companies’ Jeffrey Simpson with 1633 East 16th Street (Arch Companies, Google Maps)
Just two mid-market investment sales closed in NYC last week
Just two mid-market investment sales closed in NYC last week
From left: Highpoint’s Partner Drew Popkin and Ross Banon with 99 North 4th Street (City Realty, LinkedIn)
Corner Street, Highpoint nab outer-borough portfolio for $167M
Corner Street, Highpoint nab outer-borough portfolio for $167M
(Photo Illustration by The Real Deal with Getty Images and Americasroof at English Wikipedia, CC BY-SA 3.0 - via Wikimedia Commons)
Chinese firms bailing on US commercial market
Chinese firms bailing on US commercial market
arrow_forward_ios

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

Loading...