The Woolworth Building, the neo-Gothic Manhattan skyscraper that was once the world’s tallest building and a symbol of American capitalism, may soon gain Italian owners.

Sorgente Group is in talks with the owners to acquire a 51% stake, chief executive officer Valter Mainetti said in an interview. Sorgente owns a stake in the Flatiron Building in New York City. A group including the Witkoff Group and investor Rubin Schron owns the Woolworth Building.

'We are in talks on two or three properties in New York, of which I can name only one: the Woolworth Building,' Mainetti said at Sorgente’s headquarters in Rome yesterday.