Starchitects

Who's home? Everybody! (Structures: NYC, flickr)

No Vacancy: Richard Meier’s On Prospect Park Sells Out

The residents of Richard Meier’s On Prospect Park once spent their days roaming the empty halls of the glassy tower, a vertical ghost town rising over Prospect Heights. But those days are long gone.

The building, which hit the market in 2008, has finally sold out, Brownstoner reports. And they got the news straight from the horse’s mouth—lead Corcoran broker Cheryl Nielsen-Saaf (although Brown Harris Stevens took over the brokering during the project’s home stretch). Read More

Manhattan Transfers

Manhattan living, but in Brooklyn

Penthouse At Richard Meier’s Brooklyn Tower Sells For $5.1 M.

Things may have looked bleak during the recession for On Prospect Park, but the tower’s most expensive penthouse has finally sold for $5.1 million, just as everyone knew it eventually would.

Are boom times here again? Well, when it comes to gentrification in Brooklyn, Prospect Heights in particular, it’s not a question of if but when, and Prospect Heights was already pretty far gone when the sleek tower was just a rough sketch in Richard Meier’s head. Even if The New York Times did call the starchitect-designed condo “a wall of windows into the real estate bust” back in 2009. Read More

Starchitecture

New York by Frank Gehry at 8 Spruce Street (Photo from NYC Loves NYC)

Starchitecture Is Actually Worth the Money

Once, living in a building with celebrity residents or prewar pedigree was the goal of every nouveau riche New Yorker. Trump International, anyone? Yes, please, 740 Park.

Now upwardly mobile denizens of our great city have slightly different aspirations: starchitect developments; that is, buildings designed by jet-setting, Pritzker-prize winning  architectural wizards, typically of the old guard variety. While some have suggested that the starchitect craze is the result of pure unadulterated vanity, it turns out that buildings have made a pretty penny since they began to sprout up a decade ago, Crain’s reports. Read More