Macklowe nabs Madison Ave site for next condo project

He may be pushing 90, but Harry Macklowe is still mad for real estate. The prolific developer just closed a deal to redevelop a 1920s-era apartment building on Madison Avenue into ultraluxury condos. Macklowe bought the limestone and brick building at 809 Madison on the Upper East Side’s “Gold Coast” from Churchill Real Estate Holdings for $49 million, sources told The Real Deal. That’s a discount from the $55 million Churchill originally paid for the building in 2019, likely because it’s a tricky project that’s befuddled potential developers for a few years. The building, at the corner of East 68th […] This article originally appeared on The Real Deal. Click here to read the full story.