Word: zeckendorf
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Dates: during 1940-1949
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...regional monthly it grew from a circulation of 913 to 53,000, but was losing $15,000 an issue, having set its contract ad rates too low. Bob Smith signed up two new angels: Moviemaker Sam Goldwyn and Manhattan's Webb & Knapp, Inc., run by William Zeckendorf (TIME...
Ince had been planning to revive Stage (with backers that included Doris Duke and Real Estater William Zeckendorf) when he heard that Theatre Arts was on the block. He figured that it was cheaper to buy it (for about $40,000) and merge it with Stage than compete with it. When her magazine was sold out from under her, Theatre Arts' able Editor Rosamond Gilder, who had been combing Manhattan for a buyer herself, resigned. The new magazine, out in April, probably would be called The New Theatre Arts...
...paunchy idea man who likes flamboyant ties and flamboyant schemes, Bill Zeckendorf had cornered a section of grimy tenements, abattoirs and garages on Manhattan's East Side. He had planned to demolish them, raise in their place a dream city of Euclidean skyscraper hotels and office buildings (TIME, Oct. 14). But a fortnight ago he approached New York's William O'Dwyer with the idea of selling the whole caboodle to U.N. instead...
...Much?" One night last week Manhattan Architect Wallace Harrison, who had helped build Rockefeller Center for the Rockefellers, walked into Manhattan's jangling, spangly Monte Carlo where Bill Zeckendorf was just beginning to enjoy himself. It was his sixth wedding anniversary, his partner's 34th birthday. Architect Harrison had a map of Manhattan in his hand. Ringing Zeckendorf's East Side site with a pencil, he asked: "How much?" Without batting an eye, Zeckendorf tossed off his answer: $8,500,000. Forthwith, a 30-day option in the name of John D. Rockefeller Jr. was signed...
...Promoter Zeckendorf had let his U.N. site go for a 20% profit, he said. Now he was busily buying up East Side property as far west of U.N. as Grand Central, getting ready to refurbish the whole area. When he sells or develops his neighboring blocks, he expects to make his usual 400% profit. Said he with happy anticipation: "That's how we make progress in this wonderful capitalistic country...