Word: tenants
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Although Housing Authority members usually serve for five years, Connolly said he plans to return to Harvard after two years. "The reforms we have in mind should be well enough under way by then for me to pass my seat to another tenant," he said...
Connolly plans to work for greater tenant influence on the Housing Authority and more responsiveness to maintenance needs. "Most of all we must try much harder to involve tenants in public administration," Connolly said...
Landlords often announce a raise just before the lease expires-and the tenant can take it or leave it. Many middle-income people are forced out just as surely as if they had been evicted, and it does not take long to find a new tenant in what is very much a landlords' market. Desperately seeking living space, Manhattanites generally settle for less space than they need at more rent than they can comfortably pay. Quite a few have fled to the suburbs...
...most unusual building. The world's second tallest, the 1,107-ft.-high skyscraper* is designed, in effect, as an apartment house atop an office building. A forerunner of the multipurpose "vertical city" of the future, it also looks like a financial winner. As the first tenant moved in last week, the owner, Boston-based John Hancock Mutual Life Insurance Co., predicted that by next year the building will be producing a "respectable return" of about $7.5 million annually on the company's $95 million investment...
...TIME cover, Aug. 2), .has an overpowering effect on the far smaller buildings around it. Still, Chicago seems eager to utilize the space provided by the new skyscraper, as evidenced by the fact that 39% of its apartments and 42% of its offices have already been rented. The first tenant to move in was the Chicago advertising agency of Post-Keyes-Gardner Inc. (billings: $45 million), which took over the 35th floor. Despite the prestige of being located in Chicago's newest landmark, the agency will not use the John Hancock Center's name as an address...