Harry B. Macklowe (born 1937) is an American real estate developer and investor based in New York City.
Keenly interested in architecture and modern art, he soon became known for developing sleek modernistic buildings such as Metropolitan Tower in Midtown Manhattan, as well as for his starkly white minimalist offices.
Jobs then proposed that the entrance to the sunken store be a 32-foot tall-glass cube, which the city approved and was opened to the public in 2006.
[6][7] In February 2007, during the peak of the real estate market, Macklowe purchased seven Manhattan skyscrapers for $6.8 billion from the Blackstone Group.
He used $50 million of his own money and financed the rest with $7 billion in short-term loans (due in February 2008) from Deutsche Bank and the publicly traded hedge fund the Fortress Investment Group.
[13] Several architectural critics, social media influencers, and journalists have commented on 432 Park Avenue's "ugly" design.
[14] After 432 Park Avenue was completed in the late 2010s, there were allegations of structural deficiencies, such as leaks and defective elevators, in the building.