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July 12, 2006

Stupid: Blown-Up Former NYC Townhouse To Skyrocket In Value

I say "stupid," because the thing was declared a landmark, preventing (or at least greatly complicating) additional development, and the fact that it has been reduced to rubble takes that restriction away and increases the value of the land.

When I first heard of this building, I assumed it was in the outer boroughs, because the building was only four stories tall. Nope. It was a four-story building, no bigger than the row-houses here in my shabby Boston suburb, in the middle of one of Manhattan's most expensive neighborhoods. Upper midtown. Near Central Park.

Four stories.

"Historic landmark preservation."

Layers.

posted by Ace at 12:57 PM

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It was a four-story building, no bigger than the row-houses here in my shabby Boston suburb, in the middle of one of Manhattan's most expensive neighborhoods. Upper midtown. Near Central Park. Four stories. "Historic landmark preservation." Layers. posted by Ace at 12:57 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments [/i][/b]andycanuck (hovnC)[/s][/u]: "Maral Salmassi @MaralSalmassi Despite claims made ..." jimmymcnulty: "Are Australian pizzas served upside down. Asking ..." 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