Sheldon Solow

Sheldon Henry Solow (July 20, 1928 – November 17, 2020) was an American real estate developer and art collector who lived and worked in New York City.

He established an office on Park Avenue in 1962 around the time that he was developing luxury apartments on Manhattan's Upper East Side.

To avoid potential problems with holdout properties he acquired the sites secretly using a dummy company, registered in his sister's name.

[5] In the 1970s, Solow obtained financing,[1] and in collaboration with the architect Gordon Bunshaft, he built a 50-story office building at 9 West 57th Street.

[6] In the early 2000s, Solow purchased 9.2 acres (3.7 ha) of land along the East River near the United Nations headquarters for $600 million from Consolidated Edison, which included the former site of the Waterside Generating Station and two other parcels.

The case was dismissed but Solow launched further legal action against the company claiming it had failed to restore the building to its original condition at the end of its lease in 1997.

In 2006, Solow sued Conseco, the former owner of the General Motors Building, alleging that the $1.4 billion sale of the property by auction had been rigged to exclude him.

After taking out a loan from Citibank to purchase the Consolidated Edison parcels along the East River to develop a seven-building, $4 billion project, Solow put more than $450 million in high-grade municipal bonds as collateral.

Solow owned Young Man holding a Medallion by Botticelli as well as paintings by Balthus, Henri Matisse and Franz Kline, and sculptures by Alberto Giacometti.