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SL Green Wants Madison Ave. Burn Victim

Curbed commercial favorite 510 Madison Avenue has been in a bit of a holding pattern since SL Green Realty Corp. purchased the building's construction loan late last year. Now Crain's reports that SL Green will start collection proceedings next month for the $185 million construction loan it holds on the burn victim, with the hope of seizing it from Macklowe Properties. Macklowe plans to fight any takeover attempt. The building and its 20-yard swimming pool are supposed to be done this year. [Crain's; previously]

510 Madison Avenue

510 Madison Avenue, New York, NY