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Matta-Clark's gutter space acquisitions anticipated the craze for property that would soon overtake the city.
"I have people come to me and say, 'I'm looking for property that is undervalued.' " Mr. Kleiman said.
Later, after we sold our beach house on the gulf, we started to look for property that would be something that our family would enjoy and that we could also rent out.
"The demand for property that is historic or period has never been higher," said Mark Lawson, a partner in the Buying Solution, a London-based agency that represents prospective buyers.
They sold the 51st Street clubhouse, with an agreement giving them five years to move, and began a leisurely hunt for property that led to 69th and Park, the center of a concentration of mansions, even though apartment houses lined the rest of the street.
As the public begins to dissect and debate those proposals, officials of the Lower Manhattan Development Corporation and the Port Authority of New York and New Jersey say that the money will come from the $21 billion that President Bush has promised to New York, as well as from insurance proceeds for property that was destroyed by the attack of Sept. 11.
Similar(51)
"There's heavy demand for properties that are expensive".
"I tend to go for properties that are cheap and that owner-occupiers wouldn't buy.
Sandra Vivanco, a San Francisco architect, also sees a growth market for properties that allow for comfortable extended visits by family members.
In multifamily space, for example, we're looking for properties that have been overleveraged and therefore financially starved of investment.
We look for properties that have a story, and this one in Brooklyn had a great story.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com