Word: zeckendorfs
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Real-Estate Promoter William Zeckendorf, whose plans shoot out as fast and colorfully as flaming gobbets from a Roman candle, moved into Dallas last week and popped an idea that had even Texans agape. He announced that his Manhattan realty firm of Webb & Knapp and a group of well-heeled oilmen are in the process of acquiring 5,000 acres of choice land between Dallas and Fort Worth for $10 million. Their plan: to turn the land into the world's biggest "industrial park," a roaring "prairie boom town" where 100,000 people would work in a $300 million...
Back in Manhattan, one of Promoter Zeckendorf's earlier colossal deals fizzled, proved to be only damp punk, but he promptly shot out another to replace it. A plan for a grandiose $130 million "Palace of Progress" over Pennsylvania Station has been dropped, he said (the foundations alone, it developed, would cost another $45 million). But now he hopes to build an even bigger project on Manhattan's West Side. This time, the idea is to redevelop 40 acres between Pennsylvania Station and the Hudson River, create a $300 million-$500 million city of the future, with...
CHICAGO'S ARTHUR RUBLOFF, 52, a Russian immigrant's son who began selling real estate at the age of 17, now controls a real-estate firm that grosses $40 million annually, is one of the ten biggest in the U.S. Like Manhattan's William Zeckendorf, Rubloff is a man for grandiose projects, built Chicago's $15 million Evergreen Park shopping center, planned and redeveloped North Kansas City, Mo., launched Chicago's $200 million project to make a "magnificent mile" near the Loop, the city's most spectacular shopping district...
Real-Estate Juggler William Zeckendorf is a man who likes to "turn peanuts into bananas." Last year, hoping to turn the trick again, he started work on a $35 million hotel and department-store center on a vacant plot in Denver. He soon ran into trouble. The plans called for a 1,000-car underground garage, but when Zeckendorf's Webb & Knapp engineers started taking core samples, they found a 65-ft. formation of blue clay, sand and rock that would have to be excavated at a cost of about $3.000,000. Bill Zeckendorf told his men to keep...
...Manhattan, somewhat dazed by Hilton's speed, Zeckendorf first seemed about to fight, then gracefully surrendered when it turned out that Hilton had already lined up another big block of Statler stock. Wired Bill Zeckendorf: "Sincere and warm congratulations." Into a stockholders' meeting originally scheduled to consider Zeckendorf's offer walked Hilton's lieutenants, with proxies for 1,061,731 shares. Out went most of the Statler's board of directors, including Chairman William L. Marcy, formerly (until his recent divorce) a member of the Statler clan. Three Hiltonians, headed by Connie Hilton as chairman...