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The Chrysler Building, New York

The NY Chrysler Building Tower

New York City's iconic Chrysler Building that was opened in 1930 on East 42nd Street is seen in Manhattan, New York, US, Jan. 9, 2019. Mike Segar, Reuters

Chrysler Building for Sale

Snippet as announced in the Daily Mail on 11th January 2019 - bit of a shock this, a truly iconic piece to be sold to anyone?

The Chrysler Building, one of the most iconic structures in New York, has been put up for sale by its owners.

The owners (Emirati investment firm Mubadala and real estate group Tishman Speyer) did not set a selling price, a source close to the sale told AFP on condition of anonymity, confirming a report that was first published in The Wall Street Journal. The building in midtown Manhattan, considered an Art Deco masterpiece, was acquired in 2008 by Mubadala, which paid $800 million for a 90 percent stake. Tishman Speyer, which had bought the building outright for a reported $210-250 million in 1997, retained a 10 percent stake. Neither firm would offer a comment when contacted by AFP. Tishman Speyer has hired real estate group CBRE to manage the sale of the building at the intersection of 42nd Street and Lexington Avenue. The announcement comes at a difficult time for the New York real estate market, especially in Manhattan. Development of the Hudson Yards neighborhood, on Manhattan's West Side, will soon be complete, with more than 1.6 million square meters of new office and residential space. That has driven prices down even further for older buildings.

Another factor for potential buyers to consider: the land on which the Chrysler Building stands is one-third owned by Cooper Union, a private university. In 1997, Tishman Speyer negotiated a long-term lease with the university that ran through 2147. That deal called for the annual rent to rise from $7.8 million in 2017 to $32.5 million from 2019-2027, according to documents seen by AFP. The value of the land alone was estimated at $679 million in late 2017. The Chrysler Building, which opened in 1930, stands 1,046 feet. It was the world's tallest building, but only for 11 months, when it was dethroned by the Empire State Building, also in Manhattan. The building was a personal project for Walter Chrysler, the founder of the car manufacturer that bears his name, but remained separate from the auto business. Source : news.abs-cbn.com © Agence France-Presse

Chrysler Building put up for sale

By Chris Isidore and Zahraa Alkhalisi, CNN Business | Updated 9th January, 2019

New York (CNN Business)The Chrysler Building, the art deco skyscraper that has been a key part of the New York City skyline for nearly 90 years, is up for sale. The building has been owned by Mubadala, a Abu Dhabi investment fund, and real estate firm Tishman Speyer since 2008. They have hired CBRE Group to sell the property, according to Darcy Stacom, chairman of CBRE's New York City capital markets group. The sales plans were first reported by the Wall Street Journal.
"Clearly, it's an iconic building with tremendous reputational value for the right buyer," said Brian Lott, spokesperson for Mubadala

When the building was completed in 1930, it was the tallest building in the world, a title it held for about a year until the Empire State Building opened less than a mile away in midtown Manhattan. Today it is only the sixth tallest building in the city, and will drop down another notch later this year when a new office tower opens on the city's west side. But it is still one of the city's most recognizable buildings. It is famous for its triangle-shaped, vaulted windows worked into the stylized crown, along with its distinctive eagle gargoyles near the top. It has been featured prominently in many films, including Men in Black 3, Spider-Man, Armageddon, Two Weeks Notice and Independence Day.
But it finds itself competing for tenants with more modern office space. The previous sale took place just before the 2008 financial meltdown led to a plunge in real estate prices. Still there have been a number of high profile skyscrapers purchased for top dollar in recent years, including the Waldorf Astoria hotel, which Chinese firm Anbang Insurance purchased in 2016 for nearly $2 billion, and the Willis Tower in Chicago, which was formerly known as Sears Tower -- once the world's tallest. Blackstone Group (BX) bought it for $1.3 billion 2015.

The Chrysler Building was headquarters of the American automaker until 1953, but it was named for and owned by Chrysler chief Walter Chrysler, not the company itself. Walter Chrysler had set out to build the tallest building in the world, a competition at that time with another Manhattan skyscraper under construction at 40 Wall Street at the south end of Manhattan. He kept secret the plans for the spire that would grace the top of the building, building it inside the structure and out of view of the public until 40 Wall Street was complete. Once the competitor could rise no higher, the spire of the Chrysler building was raised into view, giving it the title. Source : CNN

Marlin Hotel, Miami

The Marlin in Miami

One of the colourful and typical Miami seafront (this one isn't its on the road which runs parallel with the seafront behind the seafront residences) style art deco hotels which were saved in the late 1990s/early 2000s after they had been allowed to fall into disrepair - the Marlin has had at least two interior transformations by Barbara 'Biba' Hulanicki

Barbara Hulanicki

Will forever be linked with Miami and the Marlin

Barbara Hulanicki 2016 Telegraph article

Barbara Hulanicki: "I’m a very colourful person, so I like a range of sights and sounds." Credit: © See Li / Alamy Stock Photo/See Li / Alamy Stock Photo

Barbara Hulanicki’s Miami: ‘I love its constantly changing, vibrant social scene’

For the easy-going way of life, the climate, and the constantly changing, vibrant social scene, which is an ethnic melting pot. I’m a very colourful person, so I like a range of sights and sounds. There’s a thriving restaurant and cultural scene with lots of music and film festivals and art exhibits. I can see it all from my window, one block back from the beach. I couldn’t help but fall in love with Miami with its beautiful decaying art deco buildings when I first moved out there during the heyday of Miami Vice to redesign Ronnie Wood’s nightclub Woody’s on the Beach, from the show. I also fell in love with Chris Blackwell’s hotels along Miami Beach, with their iconic bright pastel colours.  Swathes of rock stars used to descend on The Marlin hotel, the celebrity hangout I redesigned for Chris. Then the fashion scene made Miami the hot place to be before the film studios followed. - read more about what she thinks about Miami here

Bull

Detail of Miami Courant with art deco building on front page

Former NCIS Agent turned doctor in Bull

Seriously NCIS is not NCIS without Tony di Nozzo played by Michael Weatherly in 306 episodes and who now stars as the eponymous hero in 'Bull' seen here, in a whimsical pose, holding on to a copy of the 'Miami Courant' featuring one of the many Art Deco hotels which can be found on the sea-front - this one on particular looks like the rounded tower of the Midland Hotel in Morecambe. The image is a screenshot taken from 'Bull' as is the detail above.

Chisel & Mouse

The Marlin as a Chisel and Mouse sculpture

The Paisley Brothers (Chisel & Mouse) have already featured on previous pages because their work is beautiful and features many of my favourite buildings - see Portland Stone

Chisel & Mouse article

Miami Design Preservation League

A Brief History of MDPL

Compiled by Dennis W. Wilhelm, Chairman Barbara Baer Capitman Archives of MDPL - Read the full article here

Artwork for the MDPL

August 1976

The Miami Design Preservation League (MDPL) was formed through the efforts of Barbara Baer Capitman and her son John Capitman. The initial impetus was to find a project to honor the United States’ bicentennial; the Capitmans worked with designers Leonard Horowitz and Lillian Barber to identify a concentration of 1930s buildings in South Miami Beach that the group felt could be a historic district of 20th century architecture.

MDPL Logo

June 2010

At their 2010 National Convention held in Miami Beach, the American Institute of Architects honors the Miami Design Preservation League with a rare AIA Presidential Citation.

The citation reads: “Organized by Barbara Capitman and Leonard Horowitz and today the oldest Art Deco Society in the world, their inspired advocacy of enlightened preservation policies, their educational programs that heighten community awareness and pride, and their creation of a network of international partnerships have done more than preserve an irreplaceable cultural legacy for future generations; their success demonstrates that caring for our design heritage can be the engine of community revitalization and a resource for a more sustainable world.”

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Page in progress : 28th January 2019 (G)