Richard Meier Gloomy on Real Estate

Architect 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."