A venture of CIM Group and Harry Macklowe has hired architect Rafael Vi¿oly to design a slender, soaring tower on Park Avenue as Mr. Macklowe attempts to pull off his second major comeback, according to an article in today's edition of The Wall Street Journal.
The 73-year-old, who rebounded the first time after losing properties in the commercial-real-estate collapse of the early 1990s, was one of the hardest-hit developers in the recent downturn, the article noted, adding that, "facing numerous defaults, he had to give up his most valuable holdings, including the General Motors building. But now he's jumped back into the Manhattan real-estate scrum."
Mr. Vinoly is best known for the Tokyo International Forum that was completed in 1996. His other major projects include the David L. Lawrence Convention Center, which was the nation's first LEED-certified convention center in Pittsburgh. The Jongno tower in Seoul, Korea, a curved, 33-story tower that has a large rooftop restaurant.
The 73-year-old, who rebounded the first time after losing properties in the commercial-real-estate collapse of the early 1990s, was one of the hardest-hit developers in the recent downturn, the article noted, adding that, "facing numerous defaults, he had to give up his most valuable holdings, including the General Motors building. But now he's jumped back into the Manhattan real-estate scrum."
Mr. Vinoly is best known for the Tokyo International Forum that was completed in 1996. His other major projects include the David L. Lawrence Convention Center, which was the nation's first LEED-certified convention center in Pittsburgh. The Jongno tower in Seoul, Korea, a curved, 33-story tower that has a large rooftop restaurant.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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