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Silverstein knows a lot more about bankers than he used to. His lenders have been keeping a close eye on the financial status of his two largest projects: midtown Manhattan's A&S Plaza and 7 World Trade Center in the financial district. The 1 million-sq.-ft. A&S Plaza stands one-third empty, while the 2 $ million-sq.-ft. World Trade Center site is largely rented only because of substantial givebacks...

Author: /time Magazine | Title: Downtown Blues | 11/5/1990 | See Source »

...past few years: the humpback blue glass Pacific Design Center in West Hollywood; Wall Street's vast, handsome World Financial Center; the romantic 1930ish Norwest Center in Minneapolis -- each one urbane and appealing and unlike the others. But this new building, this burst of golden light in midtown Manhattan, is Pelli's best work yet. Indeed, Carnegie Hall Tower, officially finished last week, is the finest high-rise to go up in New York City in a generation...

Author: /time Magazine | Title: Design: Big Yet Still Beautiful | 9/24/1990 | See Source »

...RAY/BAZAAR YEARS. As these 140 works amply demonstrate, Man Ray bridged the worlds of surrealist art and fashion photography like no one else in this century. At New York City's International Center of Photography Midtown through...

Author: /time Magazine | Title: Critics' Voices: Sep. 24, 1990 | 9/24/1990 | See Source »

Renowned for some of the worthiest large buildings of the past few years, the architect has finished his best work yet: Carnegie Hall Tower. In horribly overbuilt midtown Manhattan, the 60-story masterpiece is a dancer among thugs. Says Pelli: "You can use modern technology but still give that richness of feeling...

Author: /time Magazine | Title: Time Magazine Contents Page: Sep. 24, 1990 | 9/24/1990 | See Source »

...booming real estate market transported New York to a paroxysm of unbridled capitalism, with all its attendant glitz and excess. At the height of the bull market, 60,000 new jobs were being created annually, luring droves of hyperambitious baby boomers to the canyons of Wall Street and midtown Manhattan. Nicknamed "the Erector set," a stable of real estate developers transformed the cityscape, throwing up 50 million sq. ft. of glistening office monoliths within Manhattan alone. New fortunes upended the city's social lineage, shoving Rockefeller and Astor aside for Trump, Steinberg and Kravis. The new barons redefined wealth beyond...

Author: /time Magazine | Title: The Decline Of New York | 9/17/1990 | See Source »

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