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Off The Mark

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What a strange journey it's been for The Mark hotel on the Upper East Side, newly renovated and partially converted to co-ops. The developer once said there were 18 signed letters of intent on the $60 million penthouse alone, all trumped by a Russian oligarch's $150 million pledge. Now most of the co-op plan has been abandoned, and the Wall Street Journal is calling it "troubled" while reporting on a possible Goldman Sachs bailout of the property. What we have right there is the past three years in a nutshell. [WSJ]

The Mark Hotel

25 E 77th St, New York, NY 11101