In July, renderings of the most watched development site in the city leaked out. They were unofficial, the work of some avid architecture geeks, but it turns out the designs of the condo-tower planned for the Drake Hotel site were not that far off. The Journal gets the first official look at CIM, Harry Macklowe and Rafael Viñoly’s new project, and while it will not rise to 1,420 feet, as first expected, the 1,300-foot tower would surpass every apartment building in the city by a few hundred feet. Read More
Love the Drake!
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
A mystery trio was quietly in contract for the most valuable development site in North America for months. Below, a copy of the contract they signed for an $850 million purchase of the Drake Hotel site from Harry Macklowe.
For months in 2008 CMZ was in contract for an $850 million purchase of North America’s most valuable development site. It was going to be a 65-story Bulgari tower with a mall with hologrammed walls for advertisers, a spa and a private club. A peak below at what might have been. Read More
It has been arguably the most watched development site in the city for the past few years, and all the moreso now as Harry Macklowe and his new partners at CIM prepare to build something on the former site of the Drake Hotel. Even though both developers eschew press, details have dribbled out Read More
Our invitation to 10-story hotel and 33 floors of residential above that. We reached out to the creators, ubiquitous architects-of-record SLCE, but received no comment.
This offers a snatch of that far-off era called Early 2008, when ambitions for the site were at their most staggering. These drawings, according to a source knowledgeable with Read More
A few weeks ago, The Observer took a stroll around the Drake Hotel site and noticed an orange crane poised in the northwest corner. That was just the first in a series of signs that the developers are moving ahead on one of North America’s most valuable development sites.
Insiders told The Observer Read More
Developers are moving forward with super-secretive plans to begin construction on the most valuable development site in North America.
A team led by the California-based CIM Group has filed an application with the Department of Buildings to begin construction on the site, at Park Avenue and 57th Street where the Drake Hotel once was, according Read More