It looks like Billy Maklowe and wife Julie will not be getting a new home for the holidays. At least not at 950 Fifth Avenue. While the New York Post reported that real estate scion (son of Harry) was in contract to buy a 12-room co-op there this November, it looks like the deal has fallen apart.
At least a deal has fallen apart. The paper trail shows that the sprawling duplex, which first hit the market in July with Stribling brokers Cindy Kurtin and Jessica Vertullo Maher, went into contract in October. Only to re-emerge, back on the market, at the very end of November. Whether or not the rebuffed or regretful potential buyer was Mr. Macklowe, who helms William Macklowe Company, remains a mystery. Ms. Kurtin gave The Observer a “no comment” when we reached her on the phone.
What better way to pass these strange, disordered days after Hurricane Sandy than by inking the contract for a $27.5 million apartment on the Upper East Side? Harry Macklowe’s son, budding real estate dynamo Billy Macklowe, certainly thought so, at least according to The New York Post. The Post reports that Mr. Macklowe signed an under-ask contract for a four-bedroom, 5.5-bath co-op apartment at 950 Fifth Avenue.
C. Wonder, the preppy apparel and accessories retailer launched last year by designer Tory Burch’s ex husband, Christopher Burch, has signed on for a space at Time Warner Center, according to sources familiar with the deal.
The store, which opened another Manhattan store last October in Soho, will take about half of the roughly 15,000 square feet formerly occupied by the now-defunct bookstore chain Borders on the retail complex’s second floor.
The Friars Club, once a den of Borscht Belt comedians, is more than the site of legendary comedy roasts—it’s home to the National Realty Club’s fortnightly real estate industry events. But now the club, at 57 East 55th Street, could be tied to the proverbial train tracks thanks to the Long Island Rail Road’s Eastside access project.
Big Real Estate
Thick black slabs of plywood encase what some call North America’s most valuable development site. The location of the onetime Drake Hotel, now a rubble-strewn yard at Park Avenue and 56th Street, is literally a black box.
A black box to everyone, that is, except Harry Macklowe. Barely two years after his fortune was Read More
Only two months after their defection from Cushman & Wakefield, the powerhouse brokerage team at Jones Lang LaSalle led by Mitchell Konsker announced this week that they had snagged leasing duties for William Macklowe‘s 636 Avenue of the Americas office building.
Mr. Konsker, who has assisted with leasing at many of Mr. Macklowe’s other buildings, Read More
Back in the fall, The Observer profiled development scion William Macklowe as he stepped out on his own. His father, Harry, along with Billy, had lost much of the Macklowe empire in the bursting of the real estate bubble, and parting ways seemed best. He launched the William Macklowe Company last year. “So much Read More
Julie Macklowe, fashion maven, hedge fund manager, and wife of real estate macher Billy Macklowe, is finally following her passion.
Trade mag Hedge Fund Alert reports that Ms. Macklowe (profiled by Irina Aleksander in the Observer last year) is ditching the hedge fund business for fashion: “Specifically, she plans to start a Read More
Big Real Estate
William Macklowe rubbed the bridge of his nose and said he was suffering from a sinus headache. It was the first sign of human frailty he’d allowed during the interview, and the interview was almost over.
The nose where he pressed his fingers was aquiline, like the beak of a barn owl. Below, his thin Read More
Billy Macklowe, the son of real estate great Harry Macklowe—who, in one of the boom’s great gambles, famously bought a $7 billion office portfolio only to have to give much of it back to the bank in the throes of the recession, and to sell the GM Building to boot—has officially left his dad’s company to form Read More