Harry Macklowe

One Wall Street’s New Retail Spaces Near Completion in Financial District, Manhattan

8:00 am on July 30, 2022 By Michael Young

Work is nearing completion on One Wall Street, a 564-foot-tall Art Deco skyscraper in the Financial District. Designed by SLCE Architects and developed by Macklowe Properties, the $1.5 billion venture is the largest office-to-residential conversion in New York City history and will yield 566 condominiums as well as a 44,000-square-foot Whole Foods Market and a four-floor, 75,000-square-foot Life Time fitness center on the lower levels. The project also involved the construction of a multi-story expansion above the mid-century annex to the 91-year-old structure. Compass Development Marketing Group is handling sales and marketing with a gallery located within the famous Red Room. JT Magen is the general contractor for the property, which is bound by Broadway to the west, Wall Street to the north, Exchange Place to the south, and New Street to the east.

Renderings and New Details Revealed for Macklowe’s Tower Fifth, in Midtown

8:00 am on November 28, 2020 By Michael Young

Though it appears that demolition preparations have been put on hold for Tower Fifth, a proposed 1,556-foot-tall office skyscraper by Macklowe Properties, a new batch of renderings offers greater detail on the structure, which would become New York City’s tallest by roof height. Gensler is speculated to be the designer of the supertall project, which is located along East 51st Street between Madison Avenue and Fifth Avenue, directly to the north of St. Patrick’s Cathedral.

One Wall Street’s Residential Conversion and Retail Addition Progresses in Financial District

8:00 am on May 13, 2020 By Michael Young

The residential conversion and retail addition at One Wall Street continues to take shape in the Financial District. Designed by SLCE Architects and developed by Macklowe Properties, the projected $1.5 billion undertaking is the largest office-to-condominium conversion in New York City history. In addition to the creation of 566 residential units with sales handled and marketed by CORE, the project will also add a 44,000-square-foot Whole Foods Market and a Life Time fitness center to the lower levels of the building.

Tower Fifth, rendering by TMRW via Gensler / the NY Times

Demolition Prep Begins for Macklowe’s 1,556-Foot-Tall Tower Fifth, in Midtown

8:00 am on April 21, 2020 By Michael Young

Demolition preparations appear to have begun for Tower Fifth, a proposed 1,556-foot-tall office skyscraper by Macklowe Properties. Located along East 51st Street between Madison Avenue and Fifth Avenue, and directly to the north of St. Patrick’s Cathedral, the 96-story supertall would be the tallest structure by roof height in the city, eclipsing Extell‘s Central Park Tower by six feet. YIMBY last reported that the project team had successfully negotiated a $192 million refinancing package from Fortress Investment Group. The $1 billion development is planned to span two plots of land, 5 East 51st Street and 12 East 52nd Street.

Macklowe Properties Lands $192 million Refinancing for Tower Fifth Supertall

7:30 am on October 10, 2019 By Vanessa Londono

Macklowe Properties recently negotiated a refinancing package to the tune of $192 million for Harry Macklowe’s three Midtown parcels. Two of the lots, 5 East 51st Street and 12 East 52nd Street, could be the home of Tower Fifth, a 1,556-foot-tall office tower and New York City’s future tallest building by roof height. The refinancing from Fortress Investment Group also includes the 17 East 47th Street site and a new $50 million mortgage replacing a $124 million loan.

YIMBY Reveals Interior Renovations of One Wall Street’s Red Room, in Financial District

8:00 am on June 23, 2019 By Michael Young

In the midst of the largest office-to-condo conversion in New York City history at One Wall Street, its famous Red Room is undergoing a 16-month-long renovation. Designed in 1931 by renowned muralist Hildreth Meière, the former banking hall’s walls and ceilings are lined with 8,911 square feet of oxblood, orange, and gold glass tile mosaic, some of which has become damaged over the years. The Red Room will likely serve as retail space when the building reopens, which is expected to be in 2021. Macklowe Properties is the developer of the $1.5 billion Financial District conversion and expansion. CORE is handling sales and marketing of the planned 566 housing units in the rest of the Ralph Walker-designed skyscraper. SLCE Architects is serving as the architect of record.

Demolition Work for Harry Macklowe’s Supertall Tower Fifth at 5 East 51st Street Entering Full Swing, in Midtown East

8:00 am on June 17, 2019 By Vanessa Londono

Demolition permits were filed last week for 5 East 51st Street, part of the assemblage that could give rise to New York City’s future tallest building by roof height. The future 1,556-foot-tall and 96-story Tower Fifth, is located in Midtown East, between Fifth Avenue and Madison Avenue. Permits were previously filed for this lot in April, but later withdrawn. Filings for the remaining structures within the footprint have also been trickling in over the past few months, hopefully indicating that excavation for the prospective supertall is imminent.

YIMBY Tours the Residential Conversion of One Wall Street, in Financial District

8:00 am on April 30, 2019 By Michael Young

YIMBY went on a hard hat tour of One Wall Street, a historic, 51-story Art Deco tower designed by Ralph Walker and completed in 1931. Formerly the headquarters of the Bank of New York and Irving Trust Company, the Financial District icon is currently undergoing a $1.5 billion residential conversion and expansion. A five-story addition is underway and being constructed above the adjoining mid-century annex. SLCE Architects is serving the architect of record while Harry Macklowe of Macklowe Properties is the developer. CORE is handling sales and marketing of the planned 566 housing units.

New Renderings Reveal One Wall Street’s Impending Residential Rooftop

7:30 am on February 27, 2019 By Sebastian Morris

Following a major announcement for the $1.5 billion conversion and partial expansion of Manhattan’s One Wall Street, the development team has revealed new renderings of the building’s crowning residential areas.

Harry Macklowe’s “Tower Fifth” To Become New York City’s Tallest Building By Roof Height, Rising 1,556′ To Pinnacle at 5 East 51st Street, in Midtown East

8:00 am on January 19, 2019 By Nikolai Fedak

Skyline-defining towers have proliferated across the Midtown and Lower Manhattan skylines since the start of the 2010s, with the new World Trade Center joined by clusters in Hudson Yards, and 57th Street. Now, as One Vanderbilt approaches the 1,000-foot mark, a new race is appearing on the horizon in Midtown East. First, JPMorgan announced plans for a 1,400-foot-plus behemoth at 270 Park Avenue. Today, renderings have been released for Harry Macklowe’s planned office tower at 5 East 51st Street, which the developer has dubbed “Tower Fifth”. The supertall would become the tallest building in New York City by roof height upon completion, soaring 1,556 feet and six inches above the streets down below.

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Harry Macklowe

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