The Modulightor Building on East 58th Street is a creation of the Modernist architect Paul Rudolph, a major figure in the Brutalist movement.

Price Tower, the architect’s only realized vision for a skyscraper, is going to a company that says it will restore the Oklahoma building for use as a hotel and residences.

For many New Yorkers, Midtown Manhattan, with its gleaming skyscrapers and busy transportation hubs, lacks an element of cool and cachet that its more culturally vibrant neighbors have. Hordes of office workers, commuters and tourists typically flood …