Economics of Architecture

Besides loss of money, jobs, livelihoods, pension funds, important things... the effect of this global meltdown on New York's greatest asset, buildings, has yet to be seen. Bear Stearns went out back in March yet 6 months later its building across from the Brooklyn is still vacant (I mean the doors are open and there's a guard there with the lights on and the Air Conditioning blasting, but the only sign I see on the door is Bear Stearns).


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[Ed. Note: google has removed the listing for Bear Sterns that I was referencing in the map above...]

By the way, my theory about the downturn is that right now America is liquidating Investment Banks that haven't updated their logos in 15 years or more. Bear Stearns' definitely was from 1989.













Note: I just realized that Bear Stearns/Brooklyn shares a Building with the Fire Department. There is so irony for the fact it was sold in a fire sale!!!!!