Macklowe Proceeding With ‘Monumental’ Manhattan Development
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Harry Macklowe, the New York real estate developer, said he is moving ahead with plans for building at the site of the former Drake Hotel on Park Avenue in Manhattan.
“I’m pleased to tell you we’re moving forward on a piece of land that we own free and clear,” Macklowe said today at a conference sponsored by Massey Knakal Realty Services. The development, planned for the site at Park and East 56th Street, “will be a capstone. It will be a monumental building and will be as much of an icon as the Apple cube,” in front of the General Motors Building, he said.