Word: zeckendorf
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...delicate straits as well is real estate developer William Zeckendorf Jr. He was 36 in 1965 when his father, the brash and bold William Zeckendorf Sr., lost his fortune, which in the early 1960s might have been worth as much as $500 million. The son has been relatively cautious, but he is nevertheless feeling the pinch. His Zeckendorf Towers in Manhattan lost its largest commercial tenant, Integrated Resources, when the investment syndicator filed for bankruptcy earlier this year. Still, because most of his debts are corporate and not personal, Zeckendorf stands to lose a relatively modest $7 million...
Died. William Zeckendorf Sr., 71, high-flying New York City real estate tycoon; of a heart attack; in Manhattan. Working with some of the world's leading architects, Zeckendorf built such monuments as the Mile High Center in Denver and Montreal's Place Ville Marie. But the wheeling and dealing backfired in 1965 when his firm, Webb & Knapp, went bankrupt with a debt of nearly $15 million...
Married. William Zeckendorf, 67, former $25-a-week building manager who wheeled and dealed his way into control of one of the world's largest real-estate empires (Webb & Knapp, Inc.), then watched the bottom fall out in 1965; and Alice Bache, 60-ish, widow of Securities Magnate Harold (Bache & Co.); both for the third time; in Manhattan...
...separate the trucks, cars and people, each on a distinct level. Back in the 16th century, Leonardo da Vinci sketched plans to separate traffic this way. Rockefeller Center tried it in the 1930s." In 1957 Ponte saw his chance to update both. To land a project in downtown Montreal, Zeckendorf had to submit a plan for the surrounding area as well. Included in that plan was Ponte's proposal for putting truck ramps and pedestrian ways underground...
Typically, Ponte started small-under Zeckendorf's seven-acre Place Ville Marie office complex, which opened in 1962. Since then, Montreal's subterranean system has spread as vigorously as the roots of a healthy young tree. It now extends through about 50 acres, linking offices, hotels, subways, railroad stations, theaters-all the places that keep downtown alive and zesty. Ponte sees two main reasons for the success. First, the walkways are carefully designed "not to make people feel like moles." Spacious, punctuated by open courtyards and lined with bright shops and good restaurants, the promenades are always full...