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...fouled-up city construction project, complete with horror stories of bureaucratic fumbling and outrageous expense. Not until last July, when New York Real Estate Mogul Donald Trump, 40, whose fortune has been estimated at upwards of a billion dollars, took over the job of rebuilding the 33,000-sq.-ft. rink, did Wollman show signs of being completed in time for the 1986-87 skating season. Trump offered Mayor Edward Koch a deal: let him have a crack at the job, and if the city was not satisfied with his work, it wouldn't pay him. "Basically the city didn...
...real estate deal. In 1982 a developer agreed to buy the former museum, a cramped brownstone on the present site, to construct the E.F. Hutton office tower. Instead of selling out and shopping for a new home, the council proposed that % it would exchange the land for 18,000 sq. ft. of permanent space in the new tower, 72 ft. of street frontage with a separate entrance, control over its own interior architecture and $750,000 in cash. "It's very unusual," says Craft Council Executive Director Norton Berman, "for an arts organization to own its own new facility...
...delighted today," said William Meyer, the confident, youthful president of Servico. He went on to describe the changes planned for the next year: the gourmet dining room, the spa, the whirlpool, the thermal wrap, the two-bedroom condos that would go for $125,000 each, the 8,000-sq.-ft. "action lounge" targeted to young people...
...Mall, a $750 million garden of retail delights located 350 miles north of the Canada-U.S. border. Far and away the world's largest shopping mall, the sprawling indoor complex is crammed with 836 stores, 110 restaurants, 20 movie theaters and a 360-room hotel. Covering 5.2 million sq. ft., or the equivalent of 108 U.S. football fields, the West Edmonton Mall is twice the size of North America's runner-up shopping mall, the Del Amo Fashion Center in Torrance, Calif. The dimensions loom even more impressively in relation to Edmonton's population, only some...
...Ghermezian approach is indisputably successful. Sales revenues for the complex last year totaled $560 million. That take is the equivalent of $280 per sq. ft. of retail space, which is twice the rate of a typical U.S. retail outlet...