Price cuts are in and developer Harry Macklowe is out at 200 East 59th Street, a troubled condo project making a fresh start. Closings at the completed, CetraRuddy-designed Midtown tower started in late January, a month after Macklowe, 83, sold his stake to his capital partner, Singapore-based Alpha Investment Partners, for an undisclosed amount. Centurion Real Estate Partners, a development firm with a history of taking over challenged projects, was then brought in as the
source https://therealdeal.com/2020/03/04/life-after-macklowe-new-sponsor-cuts-prices-at-condo-tower/
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