Macklowe Properties Eyes Spot Next to Cathedral for Office Tower

Macklowe properties are interested in building a skyscraper called St. Stevens NY, near the famous church

Developer Harry Macklowe, the person responsible for projects like Midtown’s 432 Park Avenue supertall, wants to erect another skyscraper. Claiming to have obtained materials from Macklowe Properties, The Real Deal reports that the company is looking to construct a one million-square-foot office tower near the St. Patrick’s Cathedral that would be known as “Saint Stevens New York.”

The Real Deal reports that Macklowe Properties has been working for the past two years to acquire a five-parcel site at 5-9 East 51st St. and 12-20 East 52nd St. for which the ground-up construction project would rise. The properties will allow for 280,000 square feet combined, and the site does not include any height restrictions. The development company is also reportedly looking to gain additional air rights and an equity partner to back the project.

According to the material obtained, the project, if it moves forward, will be designed by a “world-renowned designer” and will include ceiling heights of at least 15 feet and a grand entrance of about 30 feet high, The Real Deal reports.

Speculation suggests that Macklowe Properties has been silently working to assemble the parcels of land. They acquired the site at 12 East 52nd St. for $32 million in 2016 and its neighboring site at 14 East 52nd St. for an undisclosed amount last month. Both transactions were shielded by a lawyer named Steven Holm and The Real Deal reports the sources have identified Holm as a Macklowe affiliate.

St. Patrick’s Cathedral is the seat of the Archdiocese of New York, and one of the city’s most popular landmarks, welcoming 5 million visitors each year from across the globe.

For more than 130 years, St. Patrick’s Cathedral has graced the city, signaling welcome to all who seek tranquility and renewal. To many, St. Patrick’s Cathedral is a spiritual haven. Parishioners, community members, and travelers from around the globe find their way to this sacred home. To countless others, St. Patrick’s is an iconic New York landmark and a national treasure.

The cathedral serves more than 5.5 million visitors each year as a house of prayer and a sanctuary in the heart of this great city.

Founded in the mid-1960s by Harry Macklowe, Macklowe Properties has been an active developer, owner, and manager of a diverse array of real estate investments. The company uses vertical integration, combining design, planning, construction, management, accounting, and executive-level ownership and operation. In aggregate, these developments have totaled over 13 million square feet and have taken place in nearly every commercial and residential submarket of Manhattan.

Macklowe Properties did not respond to a request for comment when contacted by The Real Deal reports.

By: Andrew Goldstein

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