Rumor has it that a high-end hotel is planned for the one-time tallest building in New York. One Madison Avenue's iconic clock tower has long been known as the MetLife building and served as world headquarters for the insurance giant until 2005. Yay Snoopy! According to world renowned hotelier Ian Schrager, in an April 07' interview, "we are going to make a hotel there, a very high-end hotel, more like a private club." Also in that same interview, Schrager told the Observer, "I might sell [The Building] if we have the right price. We have been getting unsolicited offers." And that may just be the case. The company Africa Israel, led by real estate guru Lev Leviev, have reportedly named their number and are in negotiations for this timeless classic. Will this prime park location become one in the impressive Africa Israel real estate portfolio, or a new New York boutique masterpiece by Ian Schrager? Only time will tell...Authored by Matthew Knee (Guest Author)
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