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The Real Estate Weekly reports that Marriott is the previously unnamed buyer of the historic MetLife Clock Tower building adjacent to Madison Square Park (5 Madison Avenue). Marriott reportedly will turn the building into one of their upscale and contemporary Edition brand hotels.

The deal is slated to close December 15th.

The building was owned by Africa Israel and has been the subject of several proposed plans in the past, including very large (4,000+ square foot) ultra-high-end condos designed by Donatella Versace, and then revised to be condos about half the size with a new designer involved, and then more recently a deal with a group including Tommy Hilfiger that intended to turn part of it into a hotel.

The Met Life Clock Tower was built in 1909 and was at one time the world’s tallest building.

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