Tags

, , ,

If you’d like to follow along –

I was looking up this article from a link in the one about the twenty worst charities for percentage used to “administrate” the funds, and found –

2nd Highest Salary: Glenn D. Lowry, The Museum of Modern Art

Compensation (2008): $2,447,882

The home of America’s most significant art holdings (Dali’s The Persistence of Memory, Van Gogh’s Starry Night, Pollock’s One), New York’s Museum of Modern Art is as good as it gets.

Apparently, Director Glenn D. Lowry is also as good as it gets, as he was the highest-paid museum director in the country in 2008, which is also when his previous contract ran out. The MoMA decided to keep him as its director, and his salary of almost $2.5 million reflects the hefty signing bonus that surely sweetened the new deal. After all, his 2007 salary was a paltry $1,264,818 in comparison. No stranger to controversy over his salary, Lowry was taken to task in 2007 for questionable reporting of his salary to the IRS, and for his rent-free apartment paid for by the museum.

http://www.mainstreet.com/article/smart-spending/15-highet-paid-charity-ceos?page=15

**

which I posted here and there to share it and then – I remembered some photos taken while in New York on walkabout that I wanted to look up online because strangely enough, when I was in New York, a lot of the information found when at my house seemed to not be online in my head on location –

This is one of the photos I had taken – (it is blurry, taken in a hurry and as a reminder to look it up because I remembered the address but couldn’t remember why) –

 

675 Third Ave - NYC 10017 cricketdiane walkabout NYC - 2010

675 Third Ave - NYC 10017 cricketdiane walkabout NYC - 2010

so, I still don’t know what I was remembering about it – but, I did find some other nifty things including one person that I stumbled upon looking about for it – if you want to follow along to see how I accidentally got there –

this is where I went, (more or less)

from a google search of the address above – and checking the interesting ones –

Kinetic Partners is a global professional services firm focused exclusively on the asset management, banking and broking industry. We provide audit and assurance, tax, regulatory compliance and consulting, corporate recovery and finance, and forensic investigations to both traditional and alternative investment managers.

Kinetic Partners advise over 950 clients, including many of the world’s largest hedge funds and traditional asset managers. Established in 2005, Kinetic Partners now operates out of London, DublinGrand Cayman, New York and Geneva.

http://www.kinetic-partners.com/public/page.asp?n=1

675 Third Ave, NYC – 10th floor

10017

(see photos walkabout)

Swiss Funds Association member (et al.)

**

Washington Square Partners (same address) –

(212) 906-9090

and

Execu-Search temp group

and

Thomson ProMetric – giving MCATs

(same address)

**

UJA Federation NY

(same)

Home » UJAFederation of New York

Dec 17, 2010 UJAFederation cares for those in need, rescues those in harm’s way,

and renews and strengthens the Jewish people in New York, Israel,
www.ujafedny.org/

(from their offices at one of the highest rent districts in NY)

Bermuda Dept of Tourism

(same)

St Martin Tourist office

(same)

Spitalnik & Wolosky – attys / accountants

(same address – along with other attys offices)

***

Staples moves to Third Avenue | The Real Deal | New York Real

Aug 6, 2010 The Durst Organization signed a nearly 12000-square-foot lease for Staples at its 32-story building at 675 Third Avenue, at 42nd Street,
therealdeal.com/newyork/articles/staples-moves-to-thirdavenueCached

Staples moves to Third Avenue

August 06, 2010 11:30AM By Adam Pincus

The Durst Organization signed a nearly 12,000-square-foot lease for Staples at its 32-story building at 675 Third Avenue, at 42nd Street, the company said.

(etc. – it says Staples left the Pfizer building next door – which is nice to know where that building is, too  . . . and, now has a retail store across two floors of space in this building, etc., etc., etc.,) – and this which was interesting –

Staples was represented by Chase Welles, executive vice president of brokerage Northwest Atlantic, while Durst was represented in house by John Grotto, a vice president.

(from)

http://therealdeal.com/newyork/articles/staples-moves-to-third-avenue

***

Financial Tech Firm Stretches in Durst’s 675 Third for 10 Years

Nov 24, 2010 675 Third Avenue SS&C Technologies has already proven it can gobble Washington Post Admits New York’s Overwhelming Culinary Superiority
http://www.observer.com/…/financial-tech-firm-stretches-dursts-675third-10-years?…Cached

Investment Management Software, Services :: SS&C Technologies, Inc.

Investment management software, financial services for investment management, and outsourcing services for investment management.
http://www.ssctech.com/CachedSimilar

About SS&C :: SS&C Technologies, Inc.

SS&C is a provider of investment management software and outsourcing
http://www.ssctech.com/about/CachedSimilar

**

675 3rd Ave, Manhattan, 10017 sold on Jan 1, 2009. Find out for

Jan 1, 2009 View public records for the sale of 675 3rd Ave, Manhattan, New York 10017 on Jan 1, 2009. See what the property sold for and who bought it
http://www.natefind.com/sold/6753rdave-manhattan-10017/303997Cached

Links to Professional Resources

American Business Media, 675 3rd Avenue, New York, NY 10017-5704; (212) 661-6360. http://www.americanbusinessmedia.com. American Marketing Association
highered.mcgraw-hill.com/…/links_to_professional_resource.htmlCached

TRW Business Cr – 675 3rd Ave New York, NY, 10017

Reviews and ratings of TRW Business Cr at 675 3rd Ave New York, NY, 10017. Get phone numbers, maps, directions and addresses for TRW Business Cr.
mojo.987kissfm.com/biz/trw-business-cr/new-york/ny/…/38462381Cached

Garfield Development Corporation, New York NY 10017

Garfield Development Corporation, 675 3rd Ave, New York, NY. Tel: 212-661-0333. Come to MerchantCircle to get Garfield Development Corporation information,
http://www.merchantcircle.com/…/Garfield.Development.Corporation.New.York.NY.212-661-0333Cached

Garfield Development Corporation

Place page

201 E 42nd St # 1606
New York, NY 10017-5704
(212) 661-0333

[PDF]

NYC’s Targeted Hiring and Workforce Development Program: NYC

File Format: PDF/Adobe Acrobat – Quick View
the New York City Economic Development Corporation (NYCEDC), and the New York City Department from the Garfield Foundation to fund research on national
www.nyc.gov/html/sbs/wib/downloads/nyc_bestpractices.pdfSimilar

Garfield Development Corporation – www.newyork-city.net

Real Estate Developments arrow Garfield Development Corporation. City-Directory Garfield Development Corporation. 675 3rd Ave 10017 New York NY USA
www.newyork-city.net/…developments/garfielddevelopmentcorporation.htmlCached

[PDF]

Garfield_A_Bruff___RESUME_[1]. – Garfield A Bruff _ RESUME_

File Format: PDF/Adobe Acrobat – Quick View
GARFIELD A. BRUFF. 473 Greene Avenue / Brooklyn, NY 11216 NORTHEAST BROOKLYN HOUSING DEVELOPMENT CORPORATION, Brooklyn, NY. 2002 – 2004
http://www.mail-archive.com/…/Garfield_A_Bruff___RESUME_%5B1%5D.pdfSimilar

NYC Housing Development Corp.

Welcome to New York City Housing Development Corporation. HDC is the nation’s number one issuer of bonds for multi-family affordable housing.
www.nychdc.com/CachedSimilar

Careers – NYCEDC

Searching for a challenging and rewarding career in New York City? NYCEDC and NYCIDA press releases for the latest news on economic development in NYC.
www.nycedc.com/AboutUs/Careers/Pages/Careers.aspxCached

Real Estate Developments arrow Garfield Development Corporation. City-Directory Garfield Development Corporation. 675 3rd Ave 10017 New York NY USA
www.newyork-city.net/…developments/garfielddevelopmentcorporation.htmlCached

Apr 14, 2008 As the Director for Garfield Development Corporation, i would like to add a few notes. 2) After you find your home, Garfield Development will pay for up to $40000 in …. e.g., “San Francisco, CA”, “New York, NY
http://www.trulia.com/…/Grand_Rapids_MIchigan_buyers_did_you_know_Gar-30771Cached

[PDF]

The Rhino’s Charge

File Format: PDF/Adobe Acrobat – View as HTML
multi-family building in Harlem, NY. We closed a $15.7 million Garfield Phase 2 …. Development Corporation. Fourth from the left is Mcebisi Jonas,
http://www.kbkenterprises.net/20090721_3rd_Quarter_2009_KBK_Eblast.pdfSimilar

My Note –

On finding this among the listings, I clicked over to it and found some surprising people among the honored speakers for the 2011 leadership conference (summit) – these two in particular caught my attention –

IEDC 2011 Leadership Summit – Speakers

Crary is also on the Michigan Economic Development Corporation CEO Practitioners Council …. Ray Garfield has more than 35 years of experience in the development, ….. Before relocating to New York in 1999, April served as Director of
http://www.iedconline.org/LeadershipSummit/Speakers.htmlCached

Andreas Dressler
Managing Director
TERRAIN
Berlin, Germany

Andreas Dressler has been active in foreign direct investment (FDI) for 14 years. He assists companies to develop international expansion strategies, select the best locations for their operations, and negotiate favorable conditions for their investments. He also works with countries, regions and cities to implement investment attraction strategies and secure new FDI projects.

For more than 13 years, Andreas worked with one of the “big-4” professional advisory firms, where he created a specialized FDI practice and managed a global network of over 100 location advisory consultants. After 8 years in the US (Washington DC and New York) he moved to Germany in 2003 to build a market-leading FDI advisory group in Europe.

In 2009, Andreas established Terrain, an independent consulting firm providing services to economic development agencies and companies worldwide. A particular area of focus is assisting economic development agencies to develop investment attraction strategies and identify investment leads.

Through this extensive experience, Andreas has developed an in-depth understanding of how companies in different industries make location decisions and what it takes for locations to attract them.

Andreas has lived in eight countries and speaks five languages. He has a Master of Arts in International Relations from the Johns Hopkins University, School of Advanced International Studies in Washington DC and a Bachelor of Science in Business Administration from the University of Bath in England.

Raymond Garfield
Principal
Garfield Traub Development, LLC
Dallas, TX

Ray Garfield has more than 35 years of experience in the development, finance and asset management of all property types. With an extensive Wall Street background, Mr. Garfield focuses primarily on working with investment banking partners and bond counsel to engineer creative financing structures and secure capital for developments. A proven track record demonstrates his ability to create insightful and innovative delivery vehicles for challenging assignments. Additional responsibilities include management of corporate relationships, participation in value engineering meetings, negotiation of project documents and agreements and leading problem solving of political, legal and financial issues for clients and their essential developments.

Prior to forming Garfield Traub, Mr. Garfield served as Chairman and CEO of Vista Properties, Inc, a publicly held national land development company with more than 9000 acres of urban land in its portfolio. In addition to overseeing the development and sale of properties in Vista’s portfolio, Mr. Garfield guided the company through a merger with Centex Corporation, the nation’s largest homebuilder.

As Senior Vice President and Managing Director of Cushman & Wakefield, Inc, Mr. Garfield managed the Financial Services Division for the western half of the US. In this capacity Mr. Garfield directed the sales and financing of major properties throughout 21 offices from Texas to the Pacific. During his tenure his division was responsible for more than $2.5 billion of transactions for hotel properties and major commercial properties.

As Vice President of Salomon Brothers, Mr. Garfield originated and closed more than $2.5 billion in capital transactions through his investment banking responsibilities for a host of major international clients including WalMart Corporation, Weingarten Realty, Inc., Trammell Crow Company, Lincoln Property Company and Pratt Hotels.

Mr. Garfield and his real estate securities division pioneered the creation of the nation’s first commercial mortgage backed securities. Prior to that, Mr. Garfield served at Merrill Lynch Commercial Real Estate as Executive Vice President, Chief Operating Officer and Manager of National Sales for Merrill Lynch’s commercial real estate services offices throughout the US.

http://www.iedconline.org/LeadershipSummit/Speakers.html

**

My Note –

And then I looked up this just to make sure it says what I thought it has been saying all along – that the population to employment ratio is 58.2% – that means, there is not 90% of America employed. It can be counted as maybe the 64.5 percent are employed (some part-time despite what they need or desired to do), which means not all of the 64.5% employed are actually working full-time, nor does it mean they are making the 2005 or 2007 average salary declared for all Americans by the Labor Department of a little over $50,000 a year. Not even most teachers make that kind of money – how many jobs are there that even do make that much in America, after the hours are cut to twenty a week?

Employment Situation Summary

Transmission of material in this release is embargoed USDL-10-1662
until 8:30 a.m. (EST) Friday, December 3, 2010

Technical information:
Household data: (202) 691-6378 * cpsinfo@bls.gov * http://www.bls.gov/cps
Establishment data: (202) 691-6555 * cesinfo@bls.gov * http://www.bls.gov/ces

Media contact: (202) 691-5902 * PressOffice@bls.gov

THE EMPLOYMENT SITUATION — NOVEMBER 2010

The unemployment rate edged up to 9.8 percent in November, and nonfarm payroll
employment was little changed (+39,000), the U.S. Bureau of Labor Statistics
reported today. Temporary help services and health care continued to add jobs
over the month, while employment fell in retail trade. Employment in most major
industries changed little in November.

Household Survey Data

The number of unemployed persons was 15.1 million in November. The unemployment
rate edged up to 9.8 percent; it was 9.6 percent in each of the prior 3 months.
(See table A-1.)

Among the major worker groups, the unemployment rates for adult men (10.0 per-
cent), adult women (8.4 percent), whites (8.9 percent), and Hispanics (13.2 per-
cent) edged up in November. The jobless rate for blacks (16.0 percent) showed
little change over the month, while the rate for teenagers declined to 24.6 per-
cent. The jobless rate for Asians was 7.6 percent, not seasonally adjusted. (See
tables A-1, A-2, and A-3.)

Among the unemployed, the number of job losers and persons who completed tempor-
ary jobs rose by 390,000 to 9.5 million in November. The number of long-term un-
employed (those jobless for 27 weeks and over) was little changed at 6.3 million
and accounted for 41.9 percent of the unemployed. (See tables A-11 and A-12.)

The civilian labor force participation rate held at 64.5 percent in November, and
the employment-population ratio was essentially unchanged at 58.2 percent. (See
table A-1.)

The number of persons employed part time for economic reasons (sometimes referred
to as involuntary part-time workers) was little changed over the month at 9.0 mil-
lion. These individuals were working part time because their hours had been cut
back or because they were unable to find a full-time job. (See table A-8.)

About 2.5 million persons were marginally attached to the labor force in November,
up from 2.3 million a year earlier. (The data are not seasonally adjusted.) These
individuals were not in the labor force, wanted and were available for work, and
had looked for a job sometime in the prior 12 months. They were not counted as un-
employed because they had not searched for work in the 4 weeks preceding the sur-
vey. (See table A-16.)

***

Ms. Elizabeth Warren was on bloomberg this weekend for an interview and claimed that 90% of Americans are employed – apparently they really believe that in Washington, D.C. – nothing says that in these figures .  Are they morons or what? At the very least, people such as Ms. Warren should know better and not be spouting off the nonsense that 90% of Americans are working – nowhere in America is there evidence of anything close to that number – nowhere!

But this was the most surprising thing to find – here is the man among men who helped bring down America’s economy (among others) still holding a high salary and place of honor despite the foundation of our economy being taken out from under us by him and his team of nitwits and cons on Wall Street / Salomon Brothers / Lehman – they’ve sold America down a really bad river without a canoe, let alone a paddle and here these people are still worshiping him and others like him . I’m sure there are others speaking for that leadership conference who are a real piece of work, too. I just found it too hard to pass up – this man bragging about his part in all of it that we are still paying for to this day and will be for sometime to come – maybe all the way into my great-great-great-grandchildren’s generation.

Mr. Garfield and his real estate securities division pioneered the creation of the nation’s first commercial mortgage backed securities. Prior to that, Mr. Garfield served at Merrill Lynch Commercial Real Estate as Executive Vice President, Chief Operating Officer and Manager of National Sales for Merrill Lynch’s commercial real estate services offices throughout the US.

http://www.iedconline.org/LeadershipSummit/Speakers.html

I don’t think he has anything to do with the Garfield Development Corporation – it just accidentally led me to stumble upon him and get to acknowledge his efforts to create the commercial mortgage backed securities that brought our nation down to its knees while he and his buddies made their fortunes off the process . . .

– cricketdiane

***

And who will be asked to give their opinions about what to do about poverty and joblessness in America? Guess who from the above list? Will it be anybody who’ve suffered at the hands of these things? No – of course not.

It will be people like the ones who created the problems we are living with that will get to answer those questions and settle those policy issues, of course. Only in America.

You know, several years ago – the State of Georgia announced proudly that it was spending over $35,000 a year each year on paperwork to track the homeless per homeless person in Georgia – and (it was over ten years ago, I’m sure – it would be $150,000 a year per homeless person to track them this year or last year or the year before) – and I said at the time, that with $35,000 – who would have to be homeless?

Well, there you go.

***

Also found these which are interesting –

**

[PDF]

A list of all Mitchell-Lama Housing Companies – The City of New

File Format: PDF/Adobe Acrobat – Quick View
675 3rd Avenue. Brooklyn, NY 11224. New York, NY 10017. (Waiting List Closed) 675 Third Avenue. Woodside, NY 11377. New York, NY 10017
www.nyc.gov/html/hpd/downloads/pdf/MLLIST.pdfSimilar

Chabad’s Children of Chernob YL in New York, NY — Map, Phone Number, Reviews, Photos and Video Profile for New York Chabad’s Children of Chernob YL.
http://www.superpages.com/…/New-York…/Chabads-Children-of-Chernob-YL-L0107974821.htmCached

Reviews and ratings of Permanent Mission of Belize at 675 3rd Ave New York, NY, 10017. Get phone numbers, maps, directions and addresses for Permanent
http://www.mojopages.com/biz/permanent…of…/new-york/ny/…/13914507Cached

Board of Tourism for the Bahamas and Caribbean Guide to Tropical

St. Maarten: Deutch St. Maarten Tourist Board, 675 Third Ave., Suite 1806, New York, NY 10017; 800-786-2278 or 212-953-2084; http://www.st-maarten.com.
http://www.aquaexplorers.com/tourismboarddirectory.htmCachedSimilar

(And this one is the best of all – )

download property datasheet – 675 Third Avenue

File Format: PDF/Adobe Acrobat – Quick View
New York, NY 10036. 212.257.6600 info@durst.org. Leasing contact. Thomas Bow Avenue and East 42nd Street, 675. Third Avenue is one block from Grand
http://www.durst.org/assets/pdf/datasheet/675ThirdAvenue.pdf

It says –

The building height is 365 feet.

The building has 32 stories.

It was built in 1966.

Since 2006, The Durst Organization (who has this building) has had the only First Responder In-Building Communications System that enables First Responders (FDNY, NYPD, and EMS) to communicate within the building.

It also says that –

205 E. 42nd Street building adjacent is also owned by the Durst Organization.

It says their corporate neighbors are –

Pfizer

Mitsubishi International Corporation

TIAA-CREF

Neuberger & Berman

Avon

It also says that its tenant roster includes –

law firms

hedge funds

governmental consulates

nonprofit organizations

accounting firms

(and a really expansive technology firm serving software to the investments and financial industry / Wall Street and hedge funds)

also known as –

675 Third Avenue, NY

201 E. 42nd Street, NY

and

Durst.org

if found would be at –

One Bryant Park

(nice address)

***

Architect was –

Emery Roth & Sons (1966)

The building has 342,000 square feet of space (area).

http://www.durst.org/assets/pdf/datasheet/675ThirdAvenue.pdf

within walking distance of the United Nations and near Grand Central Station

***

I had always thought of hedge funds being in Connecticut or somewhere, not down the street from the UN building with the mission of Belize and half the Caribbean under the same roof . . .

Hmmmmmmm ……….

***

This offers a subscription for more detailed info but I found this part interesting – actually this is derived from publicly available info sources that we, as taxpayers already paid for –

New York, NY 10017
Tax Exempt/NonProfit Organizations

Zip Code Information
Location New York NY 10017

Number of Organizations in this Zip Code

1,522

Total Income Amount from Tax Exempt/NonProfit Organizations in this Zip Code

$15,348,278,128 (billions)

Total Asset Amount of Tax Exempt/NonProfit Organizations in this Zip Code

$25,618,361,684 (billions)

Download the entire list of tax exempt organizations
from this zip code
to a Spreadsheet or Other File Type (by credit card payment to them or look it up on IRS.gov)

(from)

New York NY 10017- Tax Exempt Organizations and 10017 New York New

Nov 21, 2010 (c/o PRAGER & FENTON LLP), 675 THIRD AVE 3RD FLR, Charitable Organization …. YALE ALUMNI ASSOCIATION OF METROPOLITAN NEW YORK INC
http://www.taxexemptworld.com/…/new_york_ny_10017.asp?spg=5CachedSimilar

My Note – That is just in that one zipcode where this building is located in NYC.

**&**

Search for Agency Programs » UJA-Federation of New York

675 Third Avenue Suite 1905. Manhattan, NY 10017. The program offers loans of up to $5000, repayable over 20 months to immigrants from the former Soviet
http://www.ujafedny.org/search-for-agency-programs/category/4801/Cached
  1. New York Securities Lawyers

    675 Third Avenue, 24th Floor, New York, New York 10017 U.S.A.. Specializing in Providing Legal Services to Members of the Medical Profession. More Info
    http://www.securitieslawyer.com/newyork.htmCached
  2. Health Care Attorneys in New York City, New York – Things to Do in

    7 Dey St Suite 1401, New York, NY 10007 Map 212 571-4067. Burgoon Gary Attorney 675 Third Avenue 24th Floor, New York, NY 10017 Map 212 949-8484
    www.nycokay.com/HealthCareAttorneys_NewYorkCity.htmCached

(and)

Jamaica and CARICOM – Contact Details

Ambassador/Permanent Representative Permanent Mission of Belize 675 Third Avenue, Suite 1911. New York, NY 10017. Telephone: 212-986-1240
http://www.un.int/jamaica/contac.htmCachedSimilar

Sidney N. Weiss – Law Firm in New York, New York (NY) – Lawyers.com

Contact this law firm in New York, NY for your specific legal needs – Lawyers.com 675 Third Avenue, Suite 1200. New York, New York 10017 (New York Co.)
http://www.lawyers.comFind a LawyerCached

Siller Wilk LLP, phone# (212) 981-2300 in New York, NY

675 3rd Ave. New York, NY 10017. related results. general information Siller Wilk LLP is listed under – New York Law and Courts , New York Lawyers and
http://www.2findlocal.com/siller-wilk-llp-new-york-ny.htmlCached

675 third avenue, 27th floor, new york …segments we cover, including annuity, bank, brokerage, credit card, mutual fund and retirement plan providers The
http://www.hotfrog.com/Products/Mutual-Funds/NY/New-YorkCached

Polish Missions in the USA

Consulate General of the Republic of Poland in New York Trade & Investment Section 675 Third Avenue, 19th Floor New York, NY 10017 tel: 212 370 5300 …
http://www.polishconsulateny.org/…/m.4.Polish_Missions_in_the_USA.htmlCached
(and this is interesting – )

Hebrew Free Loan Society

interest-free loans for philanthropic purposes within the New York metropolitan area. … 675 Third Avenue | Suite 1905 | New York, NY 10017| 212-687-0188.
http://www.hfls.org/CachedSimilar
**
  1. Windsor’s SS&C grows — in NYC | Hartford Business

    Windsor’s SS&C grows — in NYC. 11/19/10 has expanded its lease at 675 Third Ave. on the northeast corner of East 42nd Street, in New York from 20000 to
    http://www.hartfordbusiness.com/article.php?RF_ITEM%5B%5D…Cached
  2. Hedge Fund Administrators Directory >> SS&C Fund Services

    Mailing Address, SS&C Fund Services 675 3rd Avenue New York, New York 10017. Country, United States. Name, Giusti Celeste. Telephone Number, 415-901-2412
    directories.globalcustodian.com/…/SSamp%3BC+Fund+ServicesCachedSimilar

This was very interesting also –

About the man behind the Durst Organization and this building –

Durst’s dead-on foresight was particularly acute when it came to investing in Times Square in the late ’60s and early ’70s, when the area epitomized the city’s decline. At one time, the Durst Organization had stakes in 10 acres of Midtown, which seemed doomed to everyone but Durst.

“Once, during a meeting my father attended with Times Square business owners, a man with a hat store complained about how seedy the area had become,” Douglas told The Real Deal. “And my father responded, ‘In the ’50s, women stopped wearing hats. In the ’60s, men stopped using hats. And in the ’70s, people stopped using their heads altogether.'”

Durst’s confidence about the fate of Midtown and Times Square perfectly positioned his company for its future, signature developments, including the Condé Nast Building at 4 Times Square and the Bank of America Tower. And while those buildings were constructed after his death, they have his vision written all over them and are trailblazers in the New York City development world. Douglas Durst said, “My father started the assemblage at One Bryant Park in 1957,” when he first began buying up the lots required to build there.

[etc. – lots more in this story – very interesting insight about what we see in New York today]

http://therealdeal.com/newyork/articles/seymour-durst-s-vision-of-midtown-s-potential-continues-to-unfold-2

(from 2007 “real deal” article)

***

(and this part is fascinating – )

In the late ’80s, when other developers poured money into huge office towers on the West Side before they had tenants lined up, Durst waited to begin building at the 114 West 47th Street site until a tenant had signed on to occupy at least half the space. He then insisted he would halt development if the tenant, the United States Trust, exited the agreement. While many sites became fiscal liabilities for their backers, Durst’s buildings paid for themselves.

(from the same article)

http://therealdeal.com/newyork/articles/seymour-durst-s-vision-of-midtown-s-potential-continues-to-unfold-2

**

And here is where the debt clock that was in Times Square originated – wow –

It wasn’t just the environment that the Dursts have wanted to clean up. Seymour Durst raised awareness of government spending, too. The iconic “Debt Clock” erected near Times Square that tallied the growing size of the national debt was his idea. The clock was stopped in 2000 when the numbers started ticking backwards, despite being in the trillions.

Hmmmmm……………

***

Fascinating.