Modern architectural symbol of the real estate bust in a still gentrifying area.,
Mel Vader and Bob Henderson figured that martini hour on the terrace of their apartment in Prospect Heights, Brooklyn, would grow only more interesting after star architect Richard Meier built his 15-story glass tower across the way. When Seventeen Development L.L.C. announced in 2005 that Mr. Meier would erect one of his elaborate glass and steel sculptures on a $4.75 million parcel in Prospect Heights, it was seen as a test of New York’s real estate boom. Could the starchitect best known for designing Manhattan condominiums for the likes of Calvin Klein and Martha Stewart sell $1 million one-bedrooms in a still-gentrifying zone without a reliable public school? Today, the Meier building — officially, On Prospect Park — is a wall of windows into the real estate bust.
By Christine Haughney, Sept 27, 2009, NYT