Is The Times Making Fun of Itself and Its Building Sale?

The gray building.

David Dunlap, The Times‘s lovely chronicler of the city’s architectural foibles (not to be confused with architecture critic Michael Kimmelman) has a nice little item about the transformation of the old New York Times Building on 43rd Street by that maestro behind-the-scenes building, Blackstone’s Jonathan Gray.

The focus of the piece is a quixotic look at the transformation of the old executive dining room into a basketball court, but one section caught The Observer‘s pink eye in particular. It appears that someone is being razzed here.

Blackstone bought its 450,000-square-foot portion of the building from Africa Israel USA in April for $160 million. Africa Israel paid $525 million for the entire building in 2007, buying it from Tishman Speyer Properties, which had paid $175 million to The Times Company in 2004.

Who fooled whom here?

mchaban [at] | @MC_NYC