Our Academy Awards
Valerie Jarrett, a senior advisor to President Barack Obama, delivers the opening remarks last night.
Or so they like to say, when referring to the Cooper Hewitt’s National Design Awards, or more accurately, the Cooper Hewitt, National Design Museum’s National Design Awards. And that’s exactly what it was like: a little too much of a mouthful of an event. But it was also an undeniably bounteous banquet of everyone Who’s a Who in architecture and design of all stripes. Read More
SHoP-ing for a Fight
SHoP's new Barclay's Center will be debated at a public hearing tonight in Brooklyn at 6 o'clock. (Courtesy Forest City Ratner)
SHoP’s new designs for the Barclay’s Center at Bruce Ratner’s Atlantic Yards site has probably gotten the firm more attention than any of its previous ones, including its rather controversial plans for Pier 17 at the South Street Seaport. Today, Develop Don’t Destroy Brooklyn penned an open-letter to the firm, calling out “Mr. Sharples, Mr. Sharples, Ms. Sharples, Ms. Holden, and Mr. Pasquarelli” for signing on to “a very contentious and troubled project that faces widespread resistance from the communities it would impact—and well beyond.” Meanwhile, “Mr. Pasquarelli” sat down with the Observer to, uh, talk shop on the project and defend his firm’s involvement in the project: “We gave serious consideration as to whether we wanted to do it. And I think the thing that convinced us was, after speaking with Bruce, we were convinced he really wanted to make a great building.” SHoP and Barclay’s collaborator Ellerbe Becket will be discussing their new designs at a special hearing in Brooklyn tonight at 6 o’clock, as will DDDB, no doubt—and us. If you can’t make it for the fireworks, we’ll recount them here for you tomorrow. Or follow us on Twitter, where we’ll be live-blogging the main event.
SHoP Drawings
The (retail) world according to SHoP (DBTH)
When I bumped into Gregg Pasquarelli at the LPC on Tuesday, I asked him about a certain map that had been floating around the Internet a day or two before. The SHoP principal began to fulminate. “That was totally taken out of context,” Pasquarelli said. Turns out it’s a SHoPping map. Read More
Porter House: Hoboken Edition
(photos: Shawn Michael Lowe)
Say “Hoboken” to a New Yorker and Irish Bars (and rowdy ex-frat boys), quaint row houses, and the Path Train might spring to mind. Thanks to the recently completed Garden Street Lofts (on sale now!), you can add high-end green condos designed by name brand architects to that list. Read More
Not So Fast, Seaport Edition
SHoP's Seaport plans far from sunk. (Courtesy GGP)
The news that General Growth Properties–which is on the verge of bankruptcy due to a massive debt-load related to its acquisition of the Rouse Company in 2004–put three historic properties up for sale has led some observers to speculate that development plans for one of them–New York’s South Street Seaport–have hit the dustbin. Not so, AN has learned.
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
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