Posted Apr 22, 2025, 1:24 PM
|
 |
New Yorker for life
|
|
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,706
|
|
Quote:
Originally Posted by ChiND
|
Quote:
Macklowe acquired the lot in question, between Fifth and Madison avenues, for $32 million in 2016, records show, and was apparently in contract to seize the adjacent property at 14 E. 52nd St., too, in order to facilitate plans for his latest development. But his dreams of ever building Tower Fifth — which is still listed as a current project on his firm's website — were stymied when the Financial District-based investment company Ramirez Asset Management swooped in and bought 14 E. 52nd St. for $19.5 million in 2023, records show.
Two years later, Ramirez Asset Management — an affiliate of Samuel A. Ramirez & Company — is now the new owner of 12 E. 52nd St. as well, which the firm acquired under the entity Ram HQ II LLC. Samuel Ramirez Jr., president and CEO of the firm, signed the deed on behalf of the buyer, records show.
Ramirez told Crain's Monday that he intends to make the entirety of both 7-story buildings the company's new corporate headquarters, moving the firm from 61 Broadway, where it's been located since 1971, to Midtown, several hundred feet from St. Patrick's Cathedral and Rockefeller Center. Ramirez said he just completed interior renovations on No. 14 and will be doing the same at No. 12. Both buildings are currently vacant, he said.
|
For the best, as 350 Park is rising nearby.
__________________
NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
|
Threaded Mode