As we reported a few weeks ago, the Landmarks Preservation Commission is gearing up to create a huge new historic district on the Upper West Side. Last night, the commission held a meet-and-greet with the neighbors, at which the tentative boundaries for the new district—technically five contiguous extensions to five existing districts—were unveiled. As the map shows, it’s quite a lot of real estate, and though smaller than the extant Upper West Side historic district (2,000+ versus 745) it will become, should it be approved, one of the largest in the city. What’s most interesting, though, is how much of the Upper West Side will now be under the commission’s purview. It will be interesting to see how the development community reacts.
The fabulous Peter Marino has designed a fabulous new store for Chanel in Soho, which opened Friday for Fashion Night Out. It’s so fabulous that Chanel Global Creative Director Peter Phillips created a new makeup line paying homage to Marino’s sleek lines and the sleeker girls who hobble about the cobblestone streets surrounding the store. As for the renovation itself, it was inspired by the artsy spirit of the neighborhood and features an acrylic Chanel No. 5 bottle that stands over 10 feet high and will display video art as well as video of runway shows from Paris. The newly outfitted boutique has a gallery feel to it, complete with commissioned artworks by Peter Belyi, Alan Rath, and Robert Greene. More makeup and makeover after the jump. Read More
Yesterday, John Hill, arguably the city’s most prolific architecture critic, finished up one of his latest projects, entitled “31 in 31.” In addition to his usual flood of posts, Hill is chronicling one building every day in August, in preparation for a new guide book. The buildings are scattershot, ranging from the new Crocs super store in the West Village to One Bryant Park, but most of them are new and, in a way Hill always seems to manage, representative of precisely what has been going on in the city recently—not comprehensive, but authoritative. It’s a rundown worth running down, but one building in particular caught our eye: the rather unassuming Wilf Hall at NYU. Read More
Can Columbia build anything without causing a ruckus? There is, of course, the famous gym proposed for Riverside Park that triggered the 1968 riots, and more recently the huge fight over its 17-acre Manhattanville expansion. Now the Times is reporting a “teapot-size storm” surrounding the university’s proposal to build a new athletic center within its complex in Inwood. According to the Gray Lady, the issues are the same as anywhere in Manhattan: light, views, and context. “It does not relate well to the community,” said Gail Addiss, 61, an architect who lives opposite Baker Field. “It’s similar to Frank Gehry architecture — large metal things whose glare is going to cause more brightness to reflect into people’s windows.”
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