The Magic of the Cities.

Zen promotes the rediscovery of the obvious, which is so often lost in its familiarity and simplicity. It sees the miraculous in the common and magic in our everyday surroundings. When we are not rushed, and our minds are unclouded by conceptualizations, a veil will sometimes drop, introducing the viewer to a world unseen since childhood. ~ John Greer

Saturday, August 27, 2011

The Flatiron Building

The 22-story Flatiron Building, at the intersection of New York City’s Fifth Avenue, Broadway, and 23rd Street, is instantly recognizable for its triangular shape. At the time of completion in 1902, it was among the first and tallest of New York City’s signature skyscrapers. It has been a National Historic Landmark since 1989. During the US financial crisis, a top Italian real-estate investment firm, Sorgente Holdings, acquired majority stock in the iconic Flatiron Building. Their long-range plan is to turn the building into a luxury hotel. Since many of the current leases will not expire for ten years, this is a long term project. To Americans, weary of the strains of national debt, it is just another signal of the “melting pot” melting. This purchase of yet another American icon did not shock the country as badly as when Rockefeller Center fell into foreign hands in 1989, a purchase of Japan’s Mitsubishi Group. Still, it carries symbolic weight, as international investors take advantage of the upheaval in the real estate market and the weakness of the US dollar. Overseas investors are jumping into Manhattan’s office market as prices fall and landlords struggle to refinance debt, in numbers that stagger the mind. 
(by Rap361)


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Bibi said...

Wow, Carraol...especially the first shot.

GreensboroDailyPhoto said...

You capture the building nicely, the image on the outside as well as the spirit on the inside.

PerthDailyPhoto said...

Spectacular first shot Carraol and I know what you mean, overseas investors own a lot of Perth properties too, it's a more than a little disconcerting!

Antonio Machado said...

Dear Carraol,
great photo, technical and art together!
A hug from all of the studio

Sensaciones en Imagenes said...

Increíbles fotos, sobre todo las dos primeras me encanta la perspectiva de ambas.