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650 Fifth Avenue information


650 Fifth Avenue
Map
General information
StatusCompleted
Location650 Fifth Avenue
Height490 feet (150 m)
Technical details
Floor count36

650 Fifth Avenue (earlier known as the Piaget Building and the Pahlavi Foundation Building) is a 36-story 150 m (490 ft) building on the edge of Rockefeller Center on 52nd Street in New York City.

The building was designed by John Carl Warnecke & Associates[1] for the Pahlavi Foundation, an organization run by the then-Shah of Iran, Mohammad Reza Pahlavi, “to pursue Iran’s charitable interests in the U.S.”. After the Iranian revolution in 1979, the Islamic Republic of Iran sought to take control of the Shah's property, including the assets of the Pahlavi Foundation, which was renamed the Alavi Foundation.

Tenants who leased space at 650 Fifth Avenue included Ivan F. Boesky, the infamous “greed-is-good” Wall Street speculator who was convicted of insider trading in 1987, and Marc Rich, a billionaire oil trader whose invention of the spot oil market made his fortune and changed the world economy.[citation needed]

The Alavi Foundation itself has its headquarters in Suite 2406.[2]

  1. ^ 650 Fifth Avenue profile - Emporis.com - Retrieved March 4, 2009
  2. ^ "Home." Alavi Foundation. Retrieved on July 5, 2016. "The Alavi Foundation 650 Fifth Avenue, Suite 2406 New York, New York 10019 "

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