londonlawyer
January 9th, 2007, 02:34 PM
I hope that Macklowe is unsuccessful in assembling this site. These are nice, three story townhouses. They're slightly neglected but could be stunning with a little TLC. If guys like Macklowe, Rosen, Gershon, etc. had their way, NYC would look like Chicago (i.e., a few token pre-War buildings amidst a sea of modern structures).
From the Jan. 9, 2007 edition of the NY Post:
There seem to be no limits on the ambitions of Harry and Billy Macklowe. The father-son team own the GM Building, commanding the highest rents in the U.S.; they recently bought 1330 Sixth Ave. for $498 million; and they plan major new projects at 510 Madison Ave. and at the former Drake Hotel site on Park Avenue.
Now, the Macklowes are in the early stage of a new assemblage on Lexington Avenue. The company already controlled 1018 Lexington, one of six adjacent, four-story buildings on the north side of the western blockfront between 72nd and 73rd streets.
Now they've quietly bought No. 1012 as well for $5.5 million. Since the Macklowes are not in the business of managing tenements, we assume they have bigger game in mind.
From the Jan. 9, 2007 edition of the NY Post:
There seem to be no limits on the ambitions of Harry and Billy Macklowe. The father-son team own the GM Building, commanding the highest rents in the U.S.; they recently bought 1330 Sixth Ave. for $498 million; and they plan major new projects at 510 Madison Ave. and at the former Drake Hotel site on Park Avenue.
Now, the Macklowes are in the early stage of a new assemblage on Lexington Avenue. The company already controlled 1018 Lexington, one of six adjacent, four-story buildings on the north side of the western blockfront between 72nd and 73rd streets.
Now they've quietly bought No. 1012 as well for $5.5 million. Since the Macklowes are not in the business of managing tenements, we assume they have bigger game in mind.