The top of the market. Real estate folks talk about it mystically, that exquisite moment when every deal is possible. They want it to hang in the air forever, like those pictures of Michael Jordan, tongue akimbo, sailing into a dunk. But even the magnates must eventually obey the market s law of gravity.
Some ambitious plans soar into New York s craggy skyline and some remain holes in the rocky earth.
Some legacies transcend generations and some get swept away in a landslide of red-dot specials and red ink. Even Mr. Davis a real estate lawyer, former parks commissioner and chairman of Jazz at Lincoln Center before he became president of Lincoln Center might have a tough time raising cash and keeping his players on the beat. You look at it and see railyards and car-repair shops. Planners look at it and see the last frontier. The Jets might jump there from the Meadowlands.