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Harry Macklowe, CIM and Viñoly Planning 1,420-Foot Toothpick Tower on Park Avenue?

For years now, the Drake Hotel site at the corner of 57th Street and Park Avenue has been one of the most closely watched developments in the city. A historic hotel was destroyed to make way for a mystery project that has grown all the more intriguing as it actually looks like it might get built. Mysterious California developer CIM teamed up with Harry Macklowe, the site's former owner and fifth-act maestro, and now details are dribbling out that make for some jaw-dropping possibilities. Read More

120 Park Avenue Sells for $525 M.

Philip Morris parent Altria has sold its headquarters building at 120 Park for $525 million to Global Holdings, Inc., a real estate company operated by investor Eyal Ofer.

Altria has owned the site (and subsequent building) since at least the late 1970's, according to property records. The firm announced today that it was Read More


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