There's a wonderful feature on department store Lord & Taylor by Toni Schlesinger in the Observer today. Earlier in the summer, it was announced that the Lord & Taylor chain had been sold to an investor group including the folks that backed the Time-Warner Center; though the deal isn't finalized yet, when Schlesinger wonders if condos could be built on top of the 424 Fifth Avenue location, lead investor Richard Baker says, "Yes, we could build on top. But we have made no decision what to do with the existing building." And he added, “I’m getting a lot of e-mails: ‘Don’t mess with Lord & Taylor!’”
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