In Today’s Observer

Battery Park City is nice, but Williamsburg is … Schaefer! Michael Calderone takes a look at Schaefer Landing, 55 Berry Street, and all the other new developments that are transforming the Brooklyn waterfront into Battery Park City. Second item: He reveals the identity of the man who spent $32 million to buy Gianni Versace’s Upper East Side palazzo.

Meanwhile, Matthew Schuerman inspects the status of the new World Trade Center site and the Nets arena planned for downtown Brooklyn. Result? They could both end up being Superblocks, just like the old Trade Center. How’d this happen?