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The New Kings of New York
380Hardcover
Overview
THE NEW KINGS OF NEW YORK: Renegades, Moguls, Gamblers and the Remaking of the World’s Most Famous Skyline charts the extraordinary transformation of America’s greatest city from a near-bankrupt urban combat zone into the land of Billionaires’ Row and Hudson Yards—a luxury playground for the global 1 percent—and provides an inside look at the bombastic personalities behind the biggest real estate deals of this century.
The first two decades of the 21st century were a giddy, hyperbolic era of dizzying highs and deep, dark lows. The headlines told the story: the world's biggest (and most disastrous) real estate transaction, the largest private development in U.S. history, the largest condo conversion in the history of the world, a commercial real estate nuclear winter, a $200 million penthouse sale, the world's most expensive office skyscraper, the tallest condo ever built. And then there was the pandemic of 2020: 95 percent of Manhattan’s office space sat empty, retail stores were boarded up, and restaurants went belly-up. Yet somehow, New York, and its world-famous real estate market, rose again.
Written by award-winning journalist Adam Piore and brought to you by the country's most authoritative real estate publication, The Real Deal, THE NEW KINGS OF NEW YORK offers a behind-the-scenes picture of what it’s like to operate at the highest levels of the industry, and what it took to pull off skyline-transforming deals. Featuring never-before-reported accounts from the larger-than-life characters at the top of the real estate food chain, it's a tale of chutzpah, greed and city-defining vision.
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Product Details
ISBN-13: | 9781737943402 |
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Publisher: | The Real Deal |
Publication date: | 05/24/2022 |
Pages: | 380 |
Sales rank: | 96,600 |
Product dimensions: | 6.30(w) x 9.20(h) x 1.50(d) |
Table of Contents
Introduction 9
Part 1 23
I Come East, Young Cricket 25
Harry Macklowe and the Education of Kent Swig
II You Are Not to Talk, Young Man 37
The Rise of Steve Ross
III Unto the Sons 53
The Zeckendorfs and 515 Park
IV I, Columbus 65
The Time Warner Center Site
V A Second Gilded Age 75
515 Park, 48 Wall, and the Promise of 15 CPW
VI The Rubble 85
9/11 and Its Aftermath
Part 2 93
VII Swig Goes Big 95
A Downtown Buying Spree for the Ages
VIII The Time Warner Effect 101
The Mailing of Manhattan
IX The Full Monty 109
15 CPW, the First Super-Condo
X The Push for a "New" New York 117
Doctoroff's Olympic Dreams
XI Right Side of the Tracks 133
The High Line Effect
XII Mogul Mania 143
Cashing In on the Resi Boom
XIII Mr. Downtown Goes Uptown 153
Swig and the Sheffield
XIV "The Mama of All Residential Offerings" 163
Stay Town
XV Miracle on the Hudson 175
The Chance to Develop a Megasite
XVI Could You Spare $1 Billion? 187
Macklowe's EOP Play
XVII Marching to His Own Tune 203
Swig's Risky Game
XVIII Stood Up on Prom Night 215
Hudson Yards Heartbreak
XIX Harry's Reckoning 219
Macklowe Loses His Shirt
XX Ice Ice Baby 227
Swig and the Ice Bucket Incident
XXI High Tide 235
Lehman Collapses and Takes Real Estate with It
XXII Class Warfare 247
Troubles at Stuy Town
Part 3 253
XXIII Diamond in the Rough 255
Gary Barnett and One57
XXIV If You Love Something, Let It Go 271
A Second Chance at Hudson Yards
XXV How to Steal a Building in Broad Daylight 277
Fortress and the Sheffield
XXVI "From Russia with Love" 283
Meets "Crazy Rich Asians"
Foreign Money Invasion
XXVII City Within a City 297
The Hudson Yards Masterplan
XXVIII Redefining Rich 309
The Rise of Billionaires' Row
XXIX Family Feud 317
Mentor to Tormentor
XXX Exit Stage Left 323
From Technocrat to Progressive
XXXI West Side Story 331
Hudson Yards Takes Shape
XXXII Ill-Gotten Gains 337
The Money Laundering Question
XXXIII Three Amigos in a Room 349
Shelly Silver Goes Down
XXXIV Piper Paid 355
Swig Steps into the Sunlight
XXXV The Everything Store Checks Out 361
Amazon Dumps NYC
XXXVI Big Bird Comes Home to Roost 371
The Hudson Yards Backlash
XXXVII The Rent Riot 375
Tenants Strike Back
XXXVIII Killing the Golden Goose? 381
Defining the Future of New York
Epilogue 389
Macklowe and the Wedding Present
Acknowledgments 391