Rough Sailing
Thirty-five cents. One quarter, one dime. That’s how much—or how little—it cost to buy one share of stock in General Growth Properties at the end of trading today.
It’s been a rough year for the 54-year-old mall developer and operator as it stock has tumbled—in concert with the real estate and retail markets—from a high of $67 per share in March 2007. Yet that stock was still valued at $38 as recently as June 18, when the company announced its plans for new South Street Seaport. Even when it presented those plans to the Landmarks Preservation Commission on October 21, when the stocked closed at $4.84, GGP remained confident in the future of the project. But that was before Monday’s report in The Wall Street Journal that General Growth might file for bankruptcy. Read More
Sachs on Sustainability
Jeffrey Sachs, the charismatic director of the Columbia University Earth Institute, gave a moving speech last night at the Graduate School of Architecture, Planning, and Preservation on the environmental problems that are unique to our time. Sachs, free-market economist turned green evangelist and a special adviser to United Nations Secretary General Ban Ki-Moon, spoke on the objectives of the Institute: ending extreme poverty, maintaining the health of the ecosystem, promoting peace and shared prosperity, and advancing humanist aesthetics. Read More
Architect-In-Chief
As Alissa helpfully pointed out yesterday, our dear president-elect (we like to call him ‘Bam around the New York office) wanted to be an architect. A little nimble Googling on our part turned up the speech where he says as much. What’s even better, though, is that he hasn’t forgotten those early dreams. Read More
Hooked on Biking
Speaking of biking in the city, the Forum for Urban Design held an exhibition and party last night for its first-ever competition. Entitled Reimage Red Hook, the competition sought to make the pioneering, cobblestone neighborhood the premier cycling spot in the city. Read More
If Not President-Elect, Architect?
Jorge Rocha Antunes' White House Redux submission
Not since Thomas Jefferson have AN readers had such an advocate in the Oval Office! In a piece timed with Barack and Michelle Obama‘s historic White House visit today, the UK’s Telegraph has a list of 50 things you might not know about our President-Elect. And this little nugget caught our Eavesdrop eye:
He would have liked to have been an architect if he were not a politician.
Now we know the Obamas would definitely be interested in some redecorating ideas from the AN-sponsored White House Redux competition. Perhaps Jorge Rocha Antunes‘ proposal (above) where the White House is encased in an artificially-produced living organism?
The Gang’s All Here
Front row, left to right: Hallet Darling-Menking, Diana Darling, Danielle Rago, Martin Perrin, Pamela Piork, Dustin Koda. Back row: Bill Menking, David Darling, Julie Iovine, Anne Guiney, Matt Chaban, Alan Brake. Jessica Sheridan/Courtesy eOcculus
We celebrated our 100th issue last night at USM Modular Furniture’s beautiful showroom in Soho (thank you USM and Anna Bilski). There were over 200 of our loyal New York readers and advertisers there to mark the event with lovely little USM appetizers [Ed.: think Tadao Ando meets Asymptote], wine, and words from yours truly. Read More
Chuggin’ Along
As AN reported yesterday, California voters came out in force to favor a handful of pro-transit and planning initiatives, a trend that swept the country on election day. According to a press release from the America Public Transportation Association (APTA), 16 states approved 23 ballot measures on Tuesday, dedicating some $75 billion to transit-oriented projects. Read More
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