Book details mistakes that led to default on stuy town. Stuyvesant town, queens west and the debate over jane jacobs. It replaced the gas house district of gas storage tanks. Stuyvesant town peter cooper tenants has 712 members. Aug 14, 2016 a third are in peter cooper village, where the apartments are larger and more expensive than at stuyvesant town, which runs from east 14th to 20th streets. Building stuyvesant town, a midcentury controversy. Stuyvesant townpeter cooper village was planned beginning in 1942 and opened its first building in 1947. Baglis new book, other peoples money, uses the sale of a major housing complex on manhattans lower east side, stuyvesant townpeter cooper village, to demonstrate how contemporary real estate speculators deploy international finance and local politics to change the housing options of more ordinary city dwellers. Stuy town author delves into history of gramercy park and.
He now proposed to narrate the principal incidents of that poem having thoroughly mastered the argument and fairly forgotten the words in the current vernacular of sandy bar. It was planned in 1943 and the first tenants moved into the complex in 1947. Stuyvesant town, 252 first avenue, nyc rental apartments. Pcv has about 2,500 apartments, was named after an industrialist who was the founder of cooper union. Stuyvesant town, queens west and the debate over jane. Stuy town was built as an enclave for middleclass people in new york city, and if it were to lose that character, it would be an enormous loss, city councilman and peter cooper resident. Stuyvesant townpeter cooper village wikipedia republished. Maps from as you pass by by kenneth dunshee peter stuyvesants holdings extended roughly from what is now cooper square north. The residential complexes stuyvesant town and peter cooper village, built in the late 1940s, incorporating thousands of apartments within a. Pommers wife joyce is the coauthor of the book, exploring gramercy park. In just over three years, real estate giant tishman speyer and its partner, blackrock, lost billions of investors dollars on a single deal. Stuyvesant town, known to its residents as stuy town,was named after peter stuyvesant, the last directorgeneral of the dutch colony ofnew amsterdam, whose farm occupied the site in the 17th century.
Find out where to park near peter cooper village stuyvesant town and book a space. Other peoples money goodreads meet your next favorite book. It was named after peter stuyvesant, the last directorgeneral of the dutch colony of new amsterdam, whose farm occupied the site in the seventeenth century. This october will mark 10 years since one of the biggest tidal waves in new york city real estate history came crashing down on our shores. Page 118 you know i am not easily depressed, but, before my god, since we parted, i have found the darkest hours of my past life.
The complex consists of 110 red brick apartment buildings on an 80acre 32 ha tract stretching from first avenue to avenue c, between 14th and 23rd streets. Stuyvesant townpeter cooper village, commonly known as stuy town, is a large rent regulated complex between 14th street and 23rd street on the east side of manhattan. I have been deeply involved in the effort to retain affordable housing at stuy town and peter cooper. Stuyvesant town is new yorks most famous application of le corbusiers solution to urban planning. History stuyvesant town peter cooper village tenants.
Some months before he had chanced upon a stray copy of mr. Until recently, it was the largest real estate transaction in united states history the jury is still out on whether the sale of the same property last december. A stuy town expert speaks on stuy towns past and future. The book swarms with the sort of everyday detail that not only makes a life memorable but that asks the reader to savor rather than reject it. A history of stuytown and peter cooper village stuytown. Building stuyvesant town, the housing solution that became an. Stuyvesant town peter cooper village americas largest foreclosure case solution. Units in stuy town often offer more flexible layouts than those at pvc.
New york times reporter dissects the most spectacular failure in real estate history. In august 1947, as the first tenants were moving into stuyvesant town peter cooper village, workers installed a small metal plaque on the west side of its central oval footpath. Neighborhood tabulation area nta and apartment complex on the east side of manhattan. A unique selection of nyc apartments for rent in manhattan with no broker fee, set within an exquisitely landscaped 80acre private park. Oct 29, 2015 stuyvesant townpeter cooper village opened in 1947 as affordable city housing. The sale price was based upon the wishful thinking that drove so many real estate investments during the housing bubble that thrashed the economy. As tenants of one of the largest concentrations of rentregulated apartments in new york, we at stuyvesant townpeter cooper village were prompted into action. Stuyvesant townpeter cooper village simple english.
The book hardly reads like a history textbook though since right from. In a new book, new york times reporter looks at tishman speyers acquisition of stuyvesant townpeter cooper village. The over 11,000 units span 80 acres on manhattans east side. Stuyvesant townpeter cooper village is a large, postworld war ii private residential development on the east side of the new york city borough of manhattan. It was the largest superblock ever undertaken in the city when it was completed not long after. The book goes into the history of the complex, which was fairly interesting in. Stuyvesant town, manhattan history stuyvesant town peter cooper village is a large, postworld war ii private residential development, on the east side of the new york city borough of manhattan. Stuyvesant townpeter cooper village tenants association. Stuyvesant townpeter cooper village opened in 1947 as affordable city housing. Four things about the 2006 stuyvesant townpeter cooper. On the day peter stuyvesant sailed into town by arnold lobel.
Stuyvesant town, known to its residents as stuy town, was named after peter stuyvesant, the last directorgeneral of the dutch colony of new amsterdam, whose farm occupied the site in the 17th century. Peter cooper village is named after the 19thcentury industrialist, inventor, and philanthropist peter cooper, who founded cooper union. The peter cooper village and stuyvesant town apartment complex is. Peter cooper village stuyvesant town parking parkwhiz. In august 1947, as the first tenants were moving into stuyvesant townpeter cooper village, workers installed a small metal plaque on the west side of its central oval footpath.
Stuyvesant townpeter cooper village project gutenberg. Here is a piece of history made palatable and memorable for children, a jauntily illustrated poem that tells of the arrival of peter stuyvesant to new amsterdam in 1647. Stuyvesant town is named after peter stuyvesant, the last directorgeneral of the dutch colony of new amsterdam, whose farm occupied the site. Mar 01, 2016 however, peter cooper village pcv is a substantially smaller complex than stuyvesant town, though the apartments in pcv are larger, with the average 1bedroom offering 950 square feet compared to 750 square feet at stuy town.
Jan 12, 2019 stuyvesant town is named after peter stuyvesant, the last directorgeneral of the dutch colony of new amsterdam, whose farm occupied the site in the 17th century. New yorkers have been renting apartments here for more than 70 years. Stuyvesant townpeter cooper village, a storied 80acre complex near the east river, has been a middleclass redoubt for nearly seven decades. In the month of july 2010, william ackman, the creator of pershing square, is contemplating a prospective new chance. Stuyvesant town deal blackstone affordable housing nyc. Sufficient background information is provided to perhaps spark some budding historians to learn more about early america, particularly early new york. In 2006, the middleincome, new york city housing projects stuyvesant town and peter cooper village came to epitomize the lunatic excess of the housing boom when their 11,232 apartments sold for. See more ideas about stuyvesant town, other peoples money and new york city buildings. However, peter cooper village pcv is a substantially smaller complex than stuyvesant town, though the apartments in pcv are larger, with the average 1bedroom offering 950 square feet compared to 750 square feet at stuy town. Mar 14, 20 bagli will be discussing his book, alongside times columnist michael powell, at the stuyvesant town community center on april 4 at 7 p. Stuyvesant town, known to its residents as stuy town, 1 was named after peter stuyvesant, the last directorgeneral of the dutch colony of new amsterdam, whose farm occupied the site in the 17th century.
Stuyvesant townpeter cooper village project gutenberg self. Stuyvesant town peter cooper village no pain, no gain. Stuyvesant town and peter cooper village have traditionally fulfilled a need for high quality middle income housing. To flip through the pages of the 2006 offering book for potential buyers of the 11,200apartment stuyvesant town and peter cooper villagea deal that has devolved into the largest individual proper. Charles baglis other peoples money in a new book, new york times reporter looks at tishman speyers acquisition of stuyvesant townpeter cooper village. Apr 23, 20 built in 1947, stuytown is nycs largest and one of its oldest apartment communities. The residential complexes stuyvesant town and peter cooper village, built in the late 1940s, incorporating thousands of apartments within a manicured campus on the east side, seemed to provide the perfect solution for new york citys 20thcentury housing woes. The contents of the gashouse district page were merged into stuyvesant townpeter cooper village. A third are in peter cooper village, where the apartments are larger and more expensive than at stuyvesant town, which runs from east 14th to 20th streets.
Stuyvesant town is named after peter stuyvesant, the last directorgeneral of the dutch colony of new amsterdam, whose farm occupied the site in the 17th century. I think it would be interesting to reimagine what stuyvesant townpeter. Stuyvesant himself is entombed in the churchs graveyard. They are bordered to the west by first avenue and the east by the east river. Apr 15, 20 a stuy town expert speaks on stuy town s past and future. He began his career in the dutch west india company about 1632, and in 1643 he became director in the companys. For the contribution history and old versions of the redirected page, please see. My excitement has been so great, that, for fortyeight hours, i have not eaten an ounce, nor have i slept. Peter cooper village stuyvesant town news this is an irresistible memoir. Peter cooper village is just to the north of stuyvesant town, which is between 14 th and 20 th streets and has similar but taller buildings and larger apartments. At first, stuyvesant townpeter cooper village might seem to follow the usual argument.
Building stuyvesant town, the housing solution that became. Metlife develops stuyvesant townpeter cooper village, largely aimed at housing returning world war ii veterans. Now a onebedroom apartment, 15 minutes from the subway. The new york times reporter who first broke the story of the sale of stuyvesant townpeter cooper village takes readers inside the most spectacular failure in real estate history, using this single deal as a lens to see how and why the. Marksinthebowery, was first built in 1799 on what had been the vast estate of peter stuyvesant, the dutch colonial governor of new amsterdam. Stuyvesant town and peter cooper village span 80 acres and include 110 buildings, 11,250 apartments, and over 25,000 residents. Book details mistakes that led to default on stuy town town. Stuyvesant town peter cooper village, commonly known as stuy town, is a large rent regulated complex between 14th street and 23rd street on the east side of manhattan. Stuyvesant town peter cooper tenants public group facebook. Dec 19, 2015 stuyvesant town peter cooper village, a storied 80acre complex near the east river, has been a middleclass redoubt for nearly seven decades. What happened at stuyvesant townpeter cooper village.
Drummond does try to infuse the chapters with intensity and feeling. Stuyvesant town is named after peter stuyvesant, the last directorgeneral of the dutch colony of new netherland, whose farm occupied the site in the 17th century. It includes 56 residential buildings, 11,200 apartments, and is home to over. Bagli will be discussing his book, alongside times columnist michael powell, at the stuyvesant town community center on april 4 at 7 p. The new york times reporter who first broke the story of the sale of stuyvesant town peter cooper village takes readers inside the most spectacular failure in real estate history, using this single deal as a lens to see how and why the. Stuyvesant town resident alfred pommer, whos been leading historical walking tours of various manhattan neighborhoods for over 25 years, has released a new book about two neighborhoods with particularly rich but different histories gramercy park and union square. Other peoples money and millions of other books are available for instant. I think it would be interesting to reimagine what stuyvesant town peter. In charles baglis book on the sale of stuyvesant town and peter vooper village, other peoples money, he cites that at the time of the sale, in 2006, approximately 15 percent of the. Susan steinberg, president of the stuyvesant townpeter cooper village tenants association said she was relieved by the deal. Stuyvesant town is known to its residents as stuy town.
The 11,500unit development was created through eminent domain a pushed through by moses a that displaced several thousand residents in a lowrise, tenement style, mixeduse neighborhood. It was, at the time, the largest blow to affordable housing in the history of new york. In his new book, other peoples money, he tells the story of how the. We have tons of great archive photos that show old nyc, the. Peter cooper village is named after peter cooper, a 19thcentury industrialist, inventor and philanthropist. Stuyvesant town, affectionately called stuytown, and peter cooper village sit on the east side of manhattan between 14th street and 23rd street. See parking lots and garages and compare prices on the peter cooper village stuyvesant town parking map at. Stuyvesant townpeter cooper village is a large, postworld war ii private residential development, on the east side of the new york city borough of manhattan. Charles baglis other peoples money in a new book, new york times reporter looks at tishman speyers acquisition of stuyvesant town peter cooper village.
She writes with affection and humor about her years at 524 east 20th street and her family, friends and neighbors. The history of cre investors fascination with stuy town. Sufficient background information is provided to perhaps spark some budding historians to learn. By sabina mollot stuyvesant town resident alfred pommer, whos been leading historical walking tours of various manhattan neighborhoods for over 25 years, has released a new book about two neighborhoods with particularly rich but different histories gramercy park and union square.
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