Lifestyles of the Rich and Famous

The billionaire's building.

Money and Manipulation: Documentary Takes On the Super-rich Residents of 740 Park

The opening shots of Park Avenue: Money, Power and The American Dream show the famed avenue in all its moneyed glory: idling Mercedes, impeccably coiffed society women and stern limestone facades with white-gloved doormen stationed outside like sentries. It is a vision so lofty that it is almost otherworldly—can the vast majority of Americans even conjure this up as the apex of the American dream, let alone attain it?

It’s a question that director Alex Gibney revisits repeatedly in his documentary about the growing gulf between the rich and poor and how that gulf has been widened by the political manipulations of the country’s wealthiest citizens. Read More

Rezoning Would Transform South Bronx Swath Near Yankee Stadium

The Bloomberg administration today launched an initiative to overhaul a portion of the South Bronx, as the Department of City Planning began the public review for its “Lower Concourse” rezoning. The proposed plan would allow for about 3,400 new apartments in a 30-block area surrounding the southern end of the Grand Concourse, which sits south Read More

Buy Now? No, Buy Later

Welcome to the buyer’s market: Supply is up, demand is down, and prices are teetering. Brokers say buy now – after all, there are deals to be had! But what if you waited?

Here’s four areas (and one borough) where buyers would be fools to rush in now.

1. MANHATTAN
Read More

SoBro Sizzle Fizzles?

From the new Real Deal: For years there was a buzz about the potential of a residential boom in the South Bronx, but with the credit crunch making it nearly impossible for small-scale investors to obtain financing in the area, any sort of explosion appears to be on hold. …

Much of SoBro’s residential Read More

Green Jobs For the South Bronx

 Traditionally, there has been a trade-off perceived between protecting the environment and economic growth. But sustainability analysts reject this trade-off and argue that economic growth requires effective environmental stewardship. According to New York Times columnist Thomas Friedman, “green is the new red, white and blue.”

In his article “The Power of Green,” Friedman argues that Read More

Moses v. Caro, Doctoroff v. Carter

Thursday night’s panel on “Lessons of Robert Moses” at the Museum of the City of New York opened with the patina that the man did, at least, get things done–and that we have figured out how to do so without breaking as many eggs as Mr. Moses did.

But this Bloombergian consensus was Read More