The Troubled Tower
Spencer, Jason L.
[Excerpt] Buildings are constructed for certain purposes, and the buildings of today are more practical, from the standpoint of the man who is in them than the older buildings. […] We are considering effort and convenience much more than appearance or effect. -Raymond Hood, architect of Rockefeller Center. Roark looked across the river at the shell of the unfinished building on an unusually cold April morning in Metropolis. The building, originally designed to be the signature property of an elite hotel company, sat partially finished on the south bank of the Metropolis River. As Roark looked at the building, questions raced through his mind: Was the unfinished building an opportunity or just a waiting nightmare? If his company purchased the building, how should it be completed and as what?
Volume & Issue:
Cornell; real estate; related; related group; metropolis; hotel; retail; condominium; columns; chicago; abandoned; construction loan; default; distressed; opportunistic; opportunity fund; bank; tower; construction; renovation; finish
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