Posted Yesterday, 7:08 PM
|
|
Registered User
|
|
Join Date: Jun 2006
Location: Portland, OR
Posts: 358
|
|
Quote:
Originally Posted by ChiND
|
Here ya go
Mickey Rabina and renderings of 520 Fifth Avenue (Photo-illustration by Kevin Cifuentes/The Real Deal; Binyan Studios, Getty Images)
By
• Rich Bockmann
Oct 2, 2024, 7:00 AM
Quote:
The developers of New York’s supertall towers tend to be household names. Compared to them, the builder behind Manhattan’s latest cloud buster is almost incognito.
Mickey Rabina may not have the name recognition of Gary Barnett, Stephen Ross, Harry Macklowe and their ilk. But his 1,000-foot-tall 520 Fifth Avenue at West 43rd Street has put him in the same conversation.
Despite his relative anonymity, Rabina is familiar to real estate’s top dealmakers — in part for his reputation as a fix-it guy.
“He’s known to a broad range of people,” said Jonathan Rose, who in the 1990s invested in data centers with Rabina. “He’s got an innovative way of finding complex projects and resolving them.”
Rabina’s tower will be the tallest on Fifth Avenue in the vicinity of the Empire State Building when it tops out at 88 stories. The mixed-use building — offices and condos — will by far be the biggest project in his six-decade career, and probably the best example of his particular kind of dealmaking.
Again and again, the 74-year old has found solutions for distressed situations, relying on his connections and his own deep pockets to forge a way forward. That was the case with 520 Fifth. When the original developer died six years ago, it seemed the project might never get off the ground.
But Rabina came in and was able to resuscitate it. He’s been rewarded with early success.
“It was a hairy ride,” Rabina said in a rare interview with The Real Deal, in which he discussed his background and the project that could end up defining his legacy. “It wasn’t for the faint of heart, to get from Point A to Point B on that.”
|
Last edited by NYguy; Today at 12:09 AM.
|
Prev
Linear Mode
