It Happened One Weekend: Chelsea Hotel Drama, 111 CPN Gets Glossy, 'Burgh Clock Strikes Back, More


Monday, September 10, 2007, by Joey

2007_9_key.jpg1) The Times put out another issue of their Key real estate magazine yesterday, and since the lineup is way more national than local (photos of country singers' living rooms in Nashville, for example), we won't really dive in. We will say that the parking condos story was fun, and the cover is cool. [Key]

2) A group of artists who have made a Chelsea hotel their longtime home are worried about getting the boot so the place can be turned into a luxury hideaway. And nope, it's not the hotel you're thinking of. [The City/Gregory Beyer]

3) This story on magazines tricking out condos in new developments as a way to promote the buildings as well as the mags' advertisers is notable for this reason: the sketch of Esquire's coming show condo at 111 Central Park North is pretty splashy. Oh, and Esquire is turning a room into an airplane or something. [Posting/C.J. Hughes]

4) The long-stalled removal of One Hanson Place's black netting—which has upset many a Brooklynite with its clock-obscuring ways—is finally in the homestretch. The old Williamsburgh Savings Bank building clock was given a fresh makeover while under wraps. Shall we begin a pool on when it will break? [The City/Alex Mindlin]

5) Look, if you have a shitload of kids and you're rich, you move to the suburbs. That's the way it's always been, and that's the way it should be forever. You do not buy three or six(!) apartments on the Upper West Side and combine them into a play palace for your little rugrats so they can grow up not understanding why regular people don't own 6,000-square-foot apartments in Manhattan. Our society needs order! ['Mansions in the Sky'/Christine Haughney]

6) What do you do when you're a 24-year-old gym rat with $700,000 to spend on a Midtown one-bedroom apartment, but that budget only affords you crappy views at the Orion on West 42nd Street? You get your folks involved and up your budget, duh. Man, being a struggling twenty-something in New York is so hard! [The Hunt/Joyce Cohen]


Filed under Brooklyn: Downtown Brooklyn, Manhattan: Chelsea, Manhattan: East Harlem, Manhattan: Harlem/Morningside Heights, Manhattan: Midtown West/Times Square, Manhattan: Upper West Side/Columbus Circle, Real Estate Miscellany,

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Comments (10 extant)

1.

or they will grow up wondering why they live in a 20 thousand sf mansion with security guards and their dad drives a different hummer every day of the week.

whats the difference?

By Anonymous at September 10, 2007 8:18 AM

2.

How the fuck do you start out with a 700k budget and wind up getting a place for 1.55 mill? And you are 24 years old.

What a spoiled peice of crap, I could only sense the whinning conversation he mad when he called home to explain to his parents how he was entitled to this place.

By Anonymous at September 10, 2007 8:33 AM

3.

i used to babysit for an ues family with a four-apartment apartment, three kids, five bedrooms. the kids weren't perplexed at all; most of their friends had bigger places.

By anna at September 10, 2007 8:48 AM

4.

As disgusted as I feel by this kid damn, I wish I was in his shoes.

By Anonymous at September 10, 2007 9:39 AM

5.

That chic Joyce Cohen needs to focus on more modest apartments. Who really cares about some richie-rich kid buying a place with his family's money? And it's not like that kid needs to read articles like this in order to navigate the NYC RE market.

By Bing at September 10, 2007 10:00 AM

6.

no one makes money off of people who make less than 200k a year.

By Anonymous at September 10, 2007 10:04 AM

7.

The story about that kid's family ponying up 1.5 mil to buy him a crappy 2 br apt. is why Manhattan real estate won't tank. Normal rules don't apply.

By Pete at September 10, 2007 10:12 AM

8.

he's on facebook:
http://nyu.facebook.com/profile.php?id=803001
(ny,ny and nyu networks)

he graduated in 2005, and apparently has saved up $700,000 in two years. i think he'll be able to pay them back.

By Samantha at September 10, 2007 10:34 AM

9.

This kid will lose money on that apartment.

By JD1010 at September 10, 2007 10:34 AM

10.

what a douchebag. Who makes enough money in their first two years out of college to afford a $700,000 anything? Besides kids from uber-elite old money families. The kid definitely doesnt look like one of those. I hope the market crashes just to spite this one F'n Douche.

By Anonymous at September 10, 2007 2:43 PM




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