650 Fifth Avenue
in New York, United StatesCategory: Attraction
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650 5th Ave, New York, NY 10019, USA Print route »
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650 Fifth Avenue (earlier known as the Piaget 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 for the Pahlavi Foundation, a nonprofit organization run by the then-Shah of Iran, Muhammad 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.
