You Windermere Some, You Lose Some

East Coast, Other
Tuesday, May 26, 2009
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The Windermere has seen better days, but will hopefully see them once again soon. (Courtesy LPC)

The Windermere has seen better days, but will hopefully see them once again soon. (Courtesy LPC)

The Observer is reporting that Windermere, an individual landmark dating from the late 19th Century located on West 57th Street, was recently purchased for $13 million, or an astounding $181-per-square-foot. The sumptuous red brick apartment building had fallen into disrepair some years ago after its Japanese owner apparently lost interest in it, leading to a lawsuit we covered last year. Read More

Obama Goes Home

Other
Wednesday, January 7, 2009
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President-elect Barack Obama spoke to CNBC about the housing challenges facing the nation.

President-elect Barack Obama spoke to CNBC about the housing challenges facing the nation.

President-elect Barack Obama gave a half-hour interview to CNBC tonight (full interview here, transcript here) that was impressively policy heavy–a real treat for the wonks out there, though who isn’t these days–in advance of the unveiling of his nearly $800 billion stimulus package tomorrow. One of the issues he necessarily touched upon was the housing crisis (video), given its place at the center of the current meltdown. Read More

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No One Buying New Housing Marketplace

East Coast, Other
Tuesday, January 6, 2009
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Courtesy HPD

(Courtesy HPD)

There has been a lot of talk lately about how it is now up to the government to spend stimulate our way out of the current economic doldrums, and how much of that will come through infrastructure spending. One place where such investment is critically important is affordable housing, especially in light of all the foreclosures. While New York has fared better than other areas on that front, it is still unwelcome news that the city has rolled back the timeline for its New Housing Marketplace Plan. Read More

The Downturn of the McMansion?

Other
Tuesday, December 30, 2008
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 <bobs>/flickr

Amid the anxiety, speculation, and real hardship caused by the ongoing economic downturn, the provocative thesis of this Washington Post article stands out, which, if correct, could hold a silver lining for architects. Reporter Elizabeth Razzi interviews housing historian Virginia McAlester about how previous periods of economic declines shaped consumer demand for housing. The answer is simple and somewhat obvious: the demand for small houses rises. Her predictions for this cycle are less so. Read More

Hope for Housing (Update: And Carrión)

Other
Sunday, December 14, 2008
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President-elect Barack Obama named Shaun Donovan, chair of the city’s Department of Housing Preservation and Development (HPD bio), to serve as his Secretary of Housing and Urban Development. The announcement came during his weekly web-address:

Read More

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