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Richard Meier Gloomy on Real Estate

2008_10_perryst.jpgArchitect Richard Meier told NY magazine, when asked about the real estate market in the next year or so, "I think there will be a lot of empty apartments." Meier's NYC designs include the Perry Street towers and a big building at Brooklyn's Grand Army Plaza, which he says is 60% sold, but "the next 40% will go slowly." Luckily, he pointed out, "I'm just the architect." Meier previously told the Observer, back in September (the day Lehman Brothers declared bankruptcy), "I don't know how to deal with it or what it means. Certainly, it's going to have a serious effect on my work."

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Comments [rss]

  • NannyState

    ^ Wenge wood flooring?

  • nstables

    I never understood why someone with money would move to new york only to buy an extremely expensive apartment in an indistinguishable steel and glass monstrosity. With all of the beautiful buildings in this town: art deco, beaux arts, rococo flourishes, why would you want to live in a cookie cutter?

  • Snoopy

    I guess he's going to have to get a day job.

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