Macklowe Speaks! Drake Will Be ‘a Capstone’


harry macklowe party Macklowe Speaks! Drake Will Be a CapstoneIt 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 here and there, including a set of drawings for Macklowe’s plan of three years ago for a 65-story Armani-branded hotel/condo.

Now, for the first time, the taciturn Mr. Macklowe has spoken publically, if still vaguely, about his plans, talking them up at a Massey Knakal-sponsored conference on Friday, according to Bloomberg:

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“I’m pleased to tell you we’re moving forward on a piece of land that we own free and clear,” Macklowe said yesterday. The development, planned for the site at Park and East 56th Street, “will be a capstone. It will be a monumental building and will be as much of an icon as the Apple cube,” in front of the General Motors Building, he said.

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