From Publishers Weekly
Planned during the mid-1980s real estate boom, the office tower built by developer Ian Bruce Eicher at 1540 Broadway in midtown Manhattan became a victim of the soaring office-vacancy rates of the '90s. In a crisp narrative told with pizzazz, Newsweek senior writer Adler describes the project from financing through completion. A morass of disputes, snafus, red tape, cost overruns and personality clashes beset the Broadway State building, which was conceived to bring a glorious shopping mall to the Times Square area along with corporate tenants. Ultimately, the German publishing firm Bertelsmann, owner of Bantam Doubleday Dell, bought the tower from the bankrupt Broadway State Partners last year; it is now the Bertelsmann Building and will be headquarters for the Manhattan staff of the publishing conglomerate. The book suggests that erecting Egypt's pyramids must have been child's play compared to constructing a Manhattan skyscraper. A great read. Photos. First serial to New York magazine.
Copyright 1993 Reed Business Information, Inc.
From Library Journal
Adler, a senior writer at Newsweek , presents a case study on the process of constructing an office building on Broadway at New York City's Times Square. Begun in 1987 at the tail end of a booming real estate market, the project advanced during a time of declining prices for commercial real estate. Adler, who had first-hand access to the developer, Bruce Eichner, provides insight into the frustrating web of practices, legal and otherwise, that define the construction industry in New York. Libraries that have benefited from adding Douglas Frantz's From the Ground Up ( LJ 9/15/91) will want to this too. Recommended for both general and informed readers.
- Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y.Copyright 1993 Reed Business Information, Inc.