Big Deals. It’s a week of very big deals in NYC as The New York Times reported that Condé Nast signed on the dotted line to move in to One World Trade, and The Wall Street Journal broke the story that The Palace is under contract to be sold to Northwood Investors for $400 million. While across town at The Plaza, the drama continues to unfold with news that landlord Miki Nafti is stepping down and the Oak Room is closing.
Grad Towns. With commencements commencing, many would rather forget that college grads are having a pretty hard time finding work. But a recent search for the ten best college towns from Kiplinger made job opportunities in the college towns part of the criteria. NYC came in first, despite the “sky high rents,” Charlotte and Baltimore followed with their relatively low cost and robust growth.
Open Call. The AIA has announced that My Architect Barbie needs a house. Through the contest to “design a house that meets her guidelines” architects may find the client surprisingly demanding, “With more than 125 careers, I need a spacious office,” says the eight- inch wonder. A big back yard needs to accommodate all her pets, including the giraffe.
Manhattan Borough President Scott Stringer pulled together a stellar panel of World Trade movers and shakers to update the community Wednesday night, but the crowd wasn’t impressed. Chris Ward, executive director of the the Port Authority, was joined at the podium by LMDC Chair Avi Schick, DOT Lower Manhattan Commissioner Louis Sanchez, Downtown Alliance President Elizabeth Berger, president and CEO of the memorial Joe Daniels, State Senator Dan Squadron and Congressman Jerry Nadler. Silverstein Properties’ Malcolm Williams breezed through a PowerPoint update detailing progress of the four towers at the site. Ward’s presentation showed the robust ribs of the Calatrava structure from underneath the plaza. But Sanchez’s presentation outlining plans for the accommodating tour buses took on the most scrutiny.