Macklowe Properties eyeing site near St. Patrick’s Cathedral for skyscraper

The tower would span 1 million square feet if it becomes a reality. 

Developer Harry Macklowe, who is behind projects like Midtown’s pricey 432 Park Avenue supertall, could be planning for yet 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.”

Macklowe Properties has been working for the past two years on acquiring a five-parcel site at 5-9 East 51st Street and 12-20 East 52nd Street for which the ground-up construction project would rise. Together, the properties will allow for 280,000 square feet as of right and the site does not include any height restrictions. The development company is also reportedly looking to acquire 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.

It is speculates that Macklowe Properties have been silently working to assemble the parcels of land, acquiring the site at 12 East 52nd Street for $32 million in 2016 and its neighboring site at 14 East 52nd Street 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.

Source: Curbed NY

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