Kinky retail architect Peter Marino is no square, but his daughter’s a different story: Isabelle Trapnell Marino just picked up a two-bedroom condo at the sleekly rectangular Morris Adjmi-designed 250 Bowery.
Scooping up the apartment for more than $2.2 million, we’re guessing that the 21-year-old Ms. Trapnell Marino—whose father teared up in an interview when he mentioned that she gave up her art history major for anthropology—got a little help from mom and dad with the purchase.
Historic designations are like monkey traps (yes, these exist): they work in the beginning, but eventually their intended targets learn how to out-smart them. Case in point: development in Tribeca.
For years, the neighborhood’s “historic designation has helped preserve [Tribeca’s] architectural character and low-density environs,” the Wall Street Journal writes, but developers are increasingly finding ways to get around the zoning restrictions. Spurred in part by buyers’ high demand to live in the low-density, somewhat remote area, brokers and developers have lined up a number of new projects that are set to open in the next 18 to 24 months. While some of these new projects are loft and warehouse conversions, most of them are ground-up construction projects. And boy are there a lot of them.