Looking back at the unfulfilled promises made by Bloomberg. [WSJ]
But he did rename six streets and intersections on his way out. [WNYC]
Luxury condo developers increasingly insist on starchitects. [NYT]
Crime may be down citywide, but Brownsville has yet to see results. [Crain's]
But it was Jamaica, Queens had 2014′s first homicide. [DNAinfo]
Axl Rose is the best absentee tenant ever. [NYM]
All the establishments that shuttered during Bloomberg’s reign. [VanishingNY]
Chinatown besieged by an influx of yuppies, rising rents. [VOA]
Stephen Cohen drops price on Beacon Court duplex to a mere $98 M. [NYDN]
Stephen Meringoff sells his $8 M. maisonette at 1 Beekman. [TRD]
Underground economy: the MTA seeks tenant for tiny shop in Fort Greene. [DNAinfo]
Taxidermy time! The ark of Borough Park hits the market for $995,000. [NYT]
Staging is pretty ineffective, but try telling that to brokers. [WSJ]
Ben Shaoul to develop Kips Bay dorm for the School of Visual Arts. [TRD]
Funding secured for mixed-income residential tower in Downtown Brooklyn. [Crain's]
No day in the park: De Blasio vows to imminent end horse-drawn carriages. [NYDN]
Up & Down the Street
There’s a storm a-brewin’ in the media world in response to Richard Cohen’s most recent Washington Post column, wherein a lot of inexcusable bigotry occurs in a very short span of words.
Last Thursday, when the government charged SAC Capital with perpetrating an insider-trading scheme from 1999 through 2010, the move answered a lot of questions people had been asking of late. The main one: given the fact that the Feds had yet to charge SAC’s founder, Steven Cohen, with any crimes, was he going to get off scot-free while an ever-growing number of his henchmen were charged with—and convicted for—crimes committed under his watch? Was it the same old story, in which another of Wall Street’s powerful avoids punishment for something he quite likely encouraged and most definitely profited from? The refreshing answer: not this time. The U.S. attorney for the Southern District, Preet Bharara, plays hardball, and he just threw a fastball right at Mr. Cohen’s chin.
This spring, rumor had it that hedge fund honcho Steve Cohen was buying an apartment at the Abingdon in the West Village. Well, it wasn’t just a rumor: this afternoon the deed for the building’s “West Mansion” hit property records.
Mr. Cohen bought the nursing home-turned-luxury condo through a shell corp entitled Hudson Heights Holdings, Inc., but he wasn’t very crafty about shielding his identity, as the LLC is domiciled at his 35,000-square-foot Greenwich (Connecticut, not Village) home at 30 Crown Lane.
Over the past year, hedge fund honcho Steve Cohen has shelled out $150 million for a Picasso, $60 million for an East Hampton estate and $616 million to get the Securities and Exchange Commission off his back. Now, it looks like he wants to get a little bit back—$115 million, to be exact.
Via our friends at Real Estalker comes word that Mr. Cohen’s 9,000-square foot spread at One Beacon Court, the residential portion of the Bloomberg Tower at 151 East 58th Street, has officially hit the market. Mr. Cohen and his brokers—Deborah Grubman and David Dubin at Corcoran—are hoping to knock reigning real champion 15 Central Park West out of the park and set a New York City record.
But with no outdoor space, three blocks between the building and the park and nowhere near the name recognition of 15 Central Park West, can Mr. Cohen’s 51st-story duplex do it? (Even if it can’t, he only paid $24 million for the apartment back in 2005, so he’ll come out ahead either way.)
off the record
There was a horn of plenty for Shindigger last week, as invite upon invite boasted gastronomic splendors and choice libations—and none disappointed, from savory amuse-bouche at Monday night’s after-party for Robert Redford’s The Company You Keep to a lavish cornucopia at the AIPAD Photography Show’s Wednesday night opening gala at the Park Avenue Armory. But Read More
Up & Down the Street
As Off the Record pondered the ethics of regifting last week, we came across help in an unlikely place: a web ad for Detroit-based Ally Bank, which features original New York Times Magazine ethicist Randy Cohen dispensing advice about financial etiquette.
We called Mr. Cohen to find out how he went from being “The Ethicist”—a post he held for a dozen years—to the etiquette adviser at Ally Bank. Apparently, the advertising folks at iCrossing, fans of Mr. Cohen’s, got in touch about using him in a campaign for their client. But what about using the “Author, original NY Times Ethicist” chyron in the videos? Is the Gray Lady cool with that?
If you’re a fan of magic, one of the most enjoyable evenings available in New York City is a wonderful little show put on by one Steve Cohen out of a suite at the Waldorf Astoria several evenings a week. Mr. Cohen, known as “the millionaires’ magician,” thrills with sleight of hand and a witty banter that evokes the old-school parlor magicians of yore. But the highlight of his show is a segment in which he tells members of the audience things about themselves that he really shouldn’t know. Go see for yourself; it’s mind-boggling. Mr. Cohen has made quite a career out of his talent—he even had a special on the History Channel last week—but he may be in the wrong line of work.
See, there’s another man named Steve Cohen who has also made quite a career out of seemingly knowing things he shouldn’t know. Call him “the billionnaire magician.”
“Normal guy” Brett Cohen punked a bunch of Times Square tourists recently when he hired a crew of cameramen, bodyguards and assistants to follow him around 42nd Street and pretend like he was somebody special. It totally worked! People thought he was famous and tried to get his autograph or have him pose for a picture while pretending to know who he was or why they should care about him. Because, you know … sheeple.
Except, here’s the thing. Well, here’s the video, and then here’s the thing.
Joshua Cohen’s collection of novellas, Four New Messages (Graywolf, 208 pp., $14.00), opens with a story called “Emission.” The accuracy with which the author chronicles the hysterics of online communication is enough to give one pause. His portrayal is both embarrassing and revolting. The story, which was first published in The Paris Review last year, is about a cocaine runner named Richard Monomian (“Mono”) who delivers drugs to students at Princeton. A kind person, Mono often strikes up conversations with his clients, who don’t regard him as an actual person but simply as their dealer guy. They treat him with contempt. “I don’t care what you think about the Yankees’ outfield,” one customer says, “I just want my drugs.” Mono does not learn; he continues to see himself as a real person, and that’s what gets him into trouble. He spends a night partying with some Princeton students. Partying conversations, and their bleakness, are another thing Mr. Cohen captures all too well. It makes you queasy to read it. If you have ever had one of those nights, then you have heard the running jokes. You have sat and listened to people say things, as is the case in Mr. Cohen’s story, like, “There was this girl I used to go out with who was the transitional girlfriend of” some movie star.