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June 06, 2005
Ruins, Stadiums, Bubbles and Things
image credit: Museum of the City of New York
Fantastic report [.pdf] from Center for an Urban Future "to provide a detailed analysis of the broad range of other economic development initiatives undertaken by the Bloomberg administration..." besides the Jets stadium.
Brooklyn Papers on the expanded Forest Ratner plan for the Atlantic Yards... including a "620-foot tower at the intersection of Atlantic and Flatbush avenues" & "jumping over Flatbush Avenue to include plots now occupied by Modell’s and PC Richard & Son".
Over at the New York Observer, Michael Calderone is calling bullshit, and rechristening it, An Iron Bubble: Housing Market Isn’t Deflating... some choice cuts here: "last year, 25,208 new residential units were approved for construction granted—the most in over 30 years."... and this one jumps right out: "There is no bubble! What has happened is, the incredible price escalation is a result of property being tremendously undervalued for a long period of time," said Leonard Steinberg of Prudential Douglas Elliman, a luxury property broker." hahaha.. yes Leonard, easy there, its just a simple case of broker bloat, fear not, take a couple more Greenspans and you'll cool down.
Jen Bekman reincarnate as Personism.
Great idea over at City Comforts, "Has anyone mapped the bubbles? What are the environmental characteristics of bubbles?" .. the housing bubble that is.
Via Daily Dose, Lost in Time gallery... fantastic.
Process Maestro & Provocateur, blowing some theory air, on Architecture Radio
Posted by jmarston at June 6, 2005 10:04 AM