Real Estate in Today’s Observer

Governors Island is the city’s challenge now. Eliot Brown on the zoning, the funding and the Ferris wheel pitch.

Battery Park City is kind of an island on an island. Emily Geminder takes a look at its eco-friendly condos and family-friendly parks.

Plus! Take the slideshow tour of River Terrace.

Gramercy Park has so few penthouses. Sometimes one becomes available. Cue a bidding war between a dreamy newsman and a plumbing tycoon who doesn’t take too kindly to no. Chloe Malle has the details on the courting of Miss Gramercy.

All’s fare in love and real estate. Jay Walder, M.T.A. chairman and CEO, buys a $1.6 million condo on the Upper West Side. It’s near five subway lines.

tacitelli@observer.com