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Thursday, April 06, 2006


REAL ESTATE CENTER: UPSIDE FOR THE UPPER EAST SIDE 



Steve Cuozzo reports that the strange saga of 86th Street and Lexington Avenue can finally improve with the arrival of new tenants sure to improve the fortunes of the area.


This eyesore will soon give way to a Barnes & Noble and an H&M

THE corner of Lexington Avenue and East 86th Street can finally say goodbye to fast-food joints and junk stores.
Barnes & Noble booksellers and fashion sportswear giant H&M have signed leases for a total 85,000 square feet in Gary Barnett's planned new apartment/retail project at the intersection's long-shabby southeast corner.

The two deals are a milestone in the upscaling of East 86th Street, which has been searching for a clear retail identity ever since the disappearance of its once numerous German-American restaurants and food shops.

H&M and Barnes & Noble are gobbling up most of the 100,000 square feet of retail in the 400,000-square-foot project to be built by Barnett's Extell Development Co., which will demolish eight old buildings on the site.

The Extell project and another apartment/retail development planned by the Related Cos. one block east at Third Avenue will at last rid 86th Street of consecutive southeast corners with schlocky shops that seemed out of place on the Upper East Side.


This took a long time but better late than never.

Steve Cuozzo: NEXT LEX COMPLEX

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NEWS SPOTLIGHT: THE TOP 7 STORIES OF THE DAY 

1) Charles Krauthammer: We Need a Wall, Washington Post

Can't be done? Israel's border fence has been extraordinarily successful in keeping out potential infiltrators who are far more determined than mere immigrants. Nor have very many North Koreans crossed into South Korea in the past 50 years.

Of course it will be ugly. So are the concrete barriers to keep truck bombs from driving into the White House. But sometimes necessity trumps aesthetics. And don't tell me that this is our Berlin Wall. When you build a wall to keep people in, that's a prison. When you build a wall to keep people out, that's an expression of sovereignty. The fence around your house is a perfectly legitimate expression of your desire to control who comes into your house to eat, sleep and use the facilities. It imprisons no one.


2) NY Times: Fossil Called Missing Link From Sea to Land Animals

Scientists have discovered fossils of a 375-million-year-old fish, a large scaly creature not seen before, that they say is a long-sought missing link in the evolution of some fishes from water to a life walking on four limbs on land.


3) Mark Krikorian: Is A-M-N-E-S-T-Y a four letter word?

In 2001, the National Council of La Raza, conducted focus groups to see what the (American) public thought of the word "amnesty." Raul Yzaguirre, president of the group at the time, told the Dallas Morning News that as a result of the focus groups he advised Mexican President Vicente Fox never to use the word, instead referring to "regularization" or "legalization." Other euphemisms that have been developed are "normalization," "permanence," "earned adjustment," and "phased-in access to earned regularization."


4) Steven Greenhut: What cities are doing about eminent domain, The Anti-KELO

Instead, Anaheim created a land-value premium by creating an overlay zone that allowed almost any imaginable use of property. Because current owners could now sell to a wider range of buyers, the Platinum Triangle is booming, with billions in private investment, millions of square feet of office, restaurant and retail space, and more than a dozen new high-rises in the works.

The area is developing quickly, without controversy and without a single piece of property taken by eminent domain. Early signs point to an enormous success.


The Galvin Opinion already endorses Anaheim Mayor Curt Pringle as future governor of California

5) Jeremy Rabkin: Courting Abroad, the use and abuse of foreign law in the Supreme Court

Still, even for people who don't want to be drawn into the wrangling of specialists, there are basic reasons to worry about the Court's recent practice of enlisting foreign authorities to smooth the way for contested readings of our own Constitution. Three general objections are particularly worth noticing. Call them the political, the strategic, and the metaphysical objections.


6) Yahoo News: Black Holes Bound to Merge

Two supermassive black holes have been found to be spiraling toward a merger, astronomers said today.


7) Washington Post: French Unions Issue Ultimatum

Instead, students across the country continued to stage sit-ins and disruptions. In the northern town of Rennes, about 200 students and shopkeepers opposed to the demonstrations and university closings clashed with approximately 100 students supporting the closures.



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