If the World Trade Center is ever rebuilt, the list of its regal designers will sound like a horrifying law firm: Libeskind, Foster, Maki, Rogers, Calatrava, Childs, and Gehry. What’s there to say about their newly unveiled plans? The buildings are “gargantuan,” “deferential,” and “a jazz quartet,” according to the Times. We say: they’re not that different from the old stuff. (The New York Times)
On the one hand, CNN has been screaming about the bloody, bubbly death of American residential real estate. On the other hand, it’s worse when experts call Manhattan’s commercial market a “bell-ringer” (or “high times“). Even more annoying are meaningless, preemptive reports on this “wild and crazy year.” (NY Sun)
Last we checked in on Warhol’s old East End estate (Gatsby, anyone?), it was sitting unsold for $50 million. Now the windy Montauk wonderland is sitting unsold for $40–which BHS broker Tony Cerio calls a “big value”. Poor, poor Long Island. (The New York Times)
The NY Press reveals that the rental market is “a dog eat dog” world. Who knew? More significantly: the phrase “you push it, and push it, and push it” is herein the official mantra of the Manhattan real estate industry. (NY Press)
