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The Glass Tower Life of the Super-Rich

May 28, 2015 by Llewellyn King Leave a Comment

You and I live in houses, apartments, coops and condos, and flats. The super-rich — or is it the mega-rich or the ultra-rich? — live in “residences.” Well, they own them and sometimes they take up residence in one of their homes, so maybe the name is appropriate. In real estate speak, if it costs north of $5 million, it is a residence.

I get this not from the Oxford English Dictionary, but from the advertisements in The New York Times for living space in New York City. The city is one of a few places where the incalculably rich want to have a residence. And they shell out big bucks — bucks beyond the dreams of common avarice — to get a pad there.

Other cities where the rich feel at home are London, Monaco and Dubai. There is God Almighty-expensive real estate in Hong Kong and Mumbai (the world’s most expensive), but not all the new billionaires want to live there. They want the best of the West.

The real estate rush comes from the new billionaires. Whereas it was once the super-rich of Europe, known as Eurotrash, who sought the marble and concierge life in Manhattan towers, it is now the unfathomably rich from China, India and Russia who have ushered in a new Gilded Age with more wealth than Americans of the Gilded Age before World War I ever could have dreamed as they journeyed between Fifth or Park avenues and Newport, RI. Call them “Globotrash” — and watch them push up prices for everyone, as real estate moguls buy old buildings in Manhattan and demolish them to build luxury towers that rise higher than 90 floors.

Central London has gone, as far as ordinary Londoners are concerned. They have to commute further and further to work in the neighborhoods where they once lived. New York City is not much better: the Globotrash push out the middle class and the poor.

The skyline of Manhattan tells this new Gilded Age story: booming construction of spindly glass towers, so thin they seem even higher than their very real height.

Look in awe at 432 Park Avenue, the luxury condo which stands at 1,396 feet, slightly taller than One World Trade Center. Or the stunning new residence, One57: It rises to 90 floors with prices from a paltry $6 million for a one-bedroom to a penthouse for a god at $94 million. Now, we are talking residence.

The principal selling point for these pieces of fanciful engineering is that you get a view of Central Park. It is all, apparently about, privacy and views. Well, Central Park is nice to look at, but it is not one of the wonders of the world.

As for privacy, wait a minute. While you might want to take in the views of Manhattan as you soak in one of the grand bathrooms’ Carrara marble tubs, and then emerge in the buff to get another look at the views, for which you have paid so extravagantly, you had better watch out. I hear the paparazzi are getting camera-equipped drones. You see the park, and their cameras see you.

One57 has some of the best blue-veined marble ever quarried in Italy. In fact, there is so much of it in the building that an imaginative lawyer might be able to claim that it is a territorial extension of Italy. A part of Italy on Manhattan Island, Mamma mia!

And as the Globotrash are not known for their kitchen skills, it will be again up to the imagination of New York City to get another iconic Italian product, pizza, up there.

Filed Under: King's Commentaries Tagged With: 432 Park Avenue, billionaires, Carrara marble, Central Park, Eurotrash, Gilded Age, Globotrash, King Commentary, London, luxury residences, Manhattan, New York City, Newport, One57, RI

Old New England Mills Where Profit and Beauty Entwined

July 14, 2012 by White House Chronicle Leave a Comment

 

PROVIDENCE, R.I. — Across New England they stand as testaments to a time when the United States was a place of untrammeled confidence. The air was infinite, the water clean and abundant. At least for those in the ownership class, life was good and getting better.

They are the great textile mills of New England; magnificent stone and brick structures, in their way as beautiful as basilicas, found along the streams of Rhode Island, Massachusetts and elsewhere.

Water, as a motive power source, drew them to the streams. Then they added steam, hence the mills’ magnificent smokestacks: sentries standing lonely guard over the memories of a more confident time.

Mostly the mills are abandoned now, waiting a new use or the wrecker’s ball. Some have been saved by being converted into residential lofts and art centers. None will again make cloth, or provide thousands of jobs.

Before critics and designers began linking form to function, the mill architects of New England, these designers of castles of production, did so, using great stonework and imaginative engineering. They are stunningly handsome, the way that great bridges are; the spirit ofenterprise encased in stone and brick lovingly.

So when and why did we develop a penchant for ugly buildings? Was it the downside of cost accounting? Why are so many modern schools dumpy and deformed? Why must we put our children to study the classics in structures that implicitly deny the classics?

Winston Churchill said, “We shape buildings; thereafter they shape us.” Indubitably.

In the second half of the 20th century, did we hand human aspiration over to cost-cutters, put it through a calculating machine and turn it out bent and spindled? Must we learn to appreciate the economics of urban blight, the strips of chain outlets that presage our arrival in any town or city?

One can weep now over the beauty of a mill in Rhode Island or a grain elevator on a Virginia farm. But will we weep in a century over the golden arches? Shed a tear for the mall? Swallow hard for Public School 19 somewhere?

If the abandoned mills of the Industrial Revolution were just a little older, we would characterize them as archeological sites — perhaps U.N. World Heritage Sites — and assure their survival for generations to come to marvel at.

Of course the history of New England industrialized weaving was not without strife and folly, greed and cruelty.

The loom technology was smuggled out of Britain by industrial espionage, labor conditions wereterrible for much of the life of the mills, and labor unrest continued through all the days of the textile industry. Royal Mills in West Warwick, R.I., for example, the former home of Fruit of the Loom, was the scene of a bitter strike in 1922.

 

Powering yesterday, charming today

 

Incidentally, this giant mill has been preserved. In a stunning piece of imaginative restoration, it has been converted into 250 apartments, keeping the feel and preserving some of the artifacts of the old mill. It is a restoration that deserves global recognition for showing how the 19th century’s relics can find life in the 21st century, just as the restored power plant on the South Bank of the River Thames in London now houses the Tate Modern art gallery.

When old beauty meets new high purpose, something thrilling happens.

The trick in urban architecture is to remember the people who are outside of the buildings as well as inside; those who can glory in the Empire State Building or the Sears Tower by looking up as well as going in.

For this full enjoyment, great architecture needs great public space.

Would the skyscrapers of New York be as glorious without Central Park to view them from? Would the new "Shard," the extraordinary glass-clad building in London, the tallest in Europe, be as great if it could not be viewed from the city’s abundant public spaces?

Yet urban design today, in an age of public austerity, makes no allowance for public space and has come accept the myth that economics are at odds with great city design.

I am comforted to know that the great squares of London, the avenues of Paris and the mills of New England were built for profit. It can be done. – For the Hearst-New York Times Syndicate

Filed Under: King's Commentaries Tagged With: Central Park, Fruit of the Loom, London, New England Mills, New York, R.I., Royal Mills, the Shard, urban architecture, West Warwick, Winston Churchill

Old New England Mills — Where Profit and Beauty Entwined

July 14, 2012 by Llewellyn King Leave a Comment

 

PROVIDENCE, R.I. — Across New England they stand as testaments to a time when the United States was a place of untrammeled confidence. The air was infinite, the water clean and abundant. At least for those in the ownership class, life was good and getting better.

They are the great textile mills of New England; magnificent stone and brick structures, in their way as beautiful as basilicas, found along the streams of Rhode Island, Massachusetts and elsewhere.

Water, as a motive power source, drew them to the streams. Then they added steam, hence the mills’ magnificent smokestacks: sentries standing lonely guard over the memories of a more confident time.

Mostly the mills are abandoned now, waiting a new use or the wrecker’s ball. Some have been saved by being converted into residential lofts and art centers. None will again make cloth, or provide thousands of jobs.

Before critics and designers began linking form to function, the mill architects of New England, these designers of castles of production, did so, using great stonework and imaginative engineering. They are stunningly handsome, the way that great bridges are; the spirit of enterprise encased in stone and brick lovingly.

So when and why did we develop a penchant for ugly buildings? Was it the downside of cost accounting? Why are so many modern schools dumpy and deformed? Why must we put our children to study the classics in structures that implicitly deny the classics?

Winston Churchill said, “We shape buildings; thereafter they shape us.” Indubitably.

In the second half of the 20th century, did we hand human aspiration over to cost-cutters, put it through a calculating machine and turn it out bent and spindled? Must we learn to appreciate the economics of urban blight, the strips of chain outlets that presage our arrival in any town or city?

One can weep now over the beauty of a mill in Rhode Island or a grain elevator on a Virginia farm. But will we weep in a century over the golden arches? Shed a tear for the mall? Swallow hard for Public School 19 somewhere?

If the abandoned mills of the Industrial Revolution were just a little older, we would characterize them as archeological sites — perhaps U.N. World Heritage Sites — and assure their survival for generations to come to marvel at.

Of course the history of New England industrialized weaving was not without strife and folly, greed and cruelty.

The loom technology was smuggled out of Britain by industrial espionage, labor conditions wereterrible for much of the life of the mills, and labor unrest continued through all the days of the textile industry. Royal Mills in West Warwick, R.I., for example, the former home of Fruit of the Loom, was the scene of a bitter strike in 1922.

 

Powering yesterday, charming today

 

Incidentally, this giant mill has been preserved. In a stunning piece of imaginative restoration, it has been converted into 250 apartments, keeping the feel and preserving some of the artifacts of the old mill. It is a restoration that deserves global recognition for showing how the 19th century’s relics can find life in the 21st century, just as the restored power plant on the South Bank of the River Thames in London now houses the Tate Modern art gallery.

When old beauty meets new high purpose, something thrilling happens.

The trick in urban architecture is to remember the people who are outside of the buildings as well as inside; those who can glory in the Empire State Building or the Sears Tower by looking up as well as going in.

For this full enjoyment, great architecture needs great public space.

Would the skyscrapers of New York be as glorious without Central Park to view them from? Would the new "Shard," the extraordinary glass-clad building in London, the tallest in Europe, be as great if it could not be viewed from the city’s abundant public spaces?

Yet urban design today, in an age of public austerity, makes no allowance for public space and has come accept the myth that economics are at odds with great city design.

I am comforted to know that the great squares of London, the avenues of Paris and the mills of New England were built for profit. It can be done. – For the Hearst-New York Times Syndicate

Filed Under: King's Commentaries Tagged With: Central Park, Fruit of the Loom, London, Mills, New England, New York, R.I., Royal Mills, the Shardurban architecture, West Warwick

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