Return to Grace
After 9/11, New York did what communities often do after a disaster, NYU Schack divisional dean Jim Stuckey (second from left) says. It built back better. September 11 Memorial & Museum CEO Joe Daniels, chapter prez Steven Schleider of Metropolitan Valuation Services, and conference chairs Sharon Locatell of Brown Harris Stevens and Eric Lewis of Cushman & Wakefield joined him last week at Club 101 for the Appraisal Institute Metro NY chapter's conference on the WTC 10 years after 9/11.
Challenges in the development of the Eventi Hotel and The Beatrice luxury residential building led JD Carlisle chair Jules Demchick to the observation of why there aren’t a lot of successful mixed-use developments in the city. Monday, Jules (center, with Metropolitan Valuation Services’ Steven Schleider, chapter prez, and Leitner Group’s Joel Leitner) joined the Metropolitan NY Chapter of the Appraisal Institute to share his observations about piecing together a mixed-use development in NYC, including site assemblage (the parcel had been owned by one family since 1906, but he had to buy out a parking garage lease that went until ‘16), bringing mixed-use portions of a project to stability at differing times, and working with multiple trade unions. There’s also a plaza and public garage. Jules said that NY building owners and restaurateurs don’t fully understand the need for parking when everyone in the city walks or takes the subway or cab, but he feels it’s essential to build weekend business from those outside of Manhattan.
VALUATING THE CRISIS
Tuesday night, the Metropolitan New York Chapter of the Appraisal Institute played host to the national organization’s 2011 president,Joseph Magdziarz, who chairs the exec committee and policy-making board of directors for the global group (that’s 24,000 members in 91 chapters). After coming from Illinois to conduct an all-day seminar about the lending world in crisis and what appraisers need to know, Joe Mags (as he’s affectionately known) joined chapter members at a cocktail reception in his honor. (Afterseven hours of teaching on that subject, we’d need a drink, too). With him is the chapter’s prez, Metropolitan Valuation Services’Steven Schleider, who tells us that its next event on April 4 will be an international panel of pros discussing The Basel Accords’ global impact on banking, mortgage lending, and real estate valuation.
In With The New
The first duty of the Metro NY Chapter of the Appraisal Institute’s newly sworn-in ’11 president Steven Schleider (second from right): choosing the Prince George Hotel for his installation and the chapter’s annual holiday party. Above, he joins master of ceremonies Eric Lewis of Cushman & Wakefield, Steven’s wife Beth and daughters Jessica and Allie, and installing officer Martin Levine of Metropolitan Valuation Services. He chose the hotel for the architectural interest of the recently restored ballroom and the adjacent World Monuments Fund Gallery (where the cocktail reception was held). Bonus: revenues from the events benefit Common Ground, which purchased the hotel in ’97 and now provides 416 high-quality studio apartments for formerly homeless and low-income individuals.