Welcome to It Happened One Weekend, our weekly roundup of The New York Times real estate section...
1) Rich people. What are they spending millions of dollars on? What are they complaining about? This is What's Up With Rich People?
If there's one thing rich people like more than anything else, it's spending exorbitant amounts of money on shiny things. Presumably, that's why The Times devoted such a long article to Cartier's move from its flagship location to a smaller outpost on 59th Street, while the former is renovated. For the next two years, the French jeweler will occupy retail space in the GM building, which also houses FAO Schwartz and the Apple Store. However, Virginia Pittarelli, principal of Crown Retail Services, predicts that the 59th Street location may become "a permanent store because there are enough consumers and traffic to support both locations," with area developments like One57, 217 West 57th Street, 111 West 57th Street and 432 Park Avenue providing the appropriate clientele. Unfortunately, for those of us who aren't Russian oligarchs, a daring, high-stakes heist is out of the question; Cartier is keeping the moving schedule for its inventory secret. ["Cartier Moves North From Perch on Fifth Avenue"; via MY PINK SOAPBOX/Curbed Photo Pool]
2) Every "The Hunt" column begins with the Hunters describing the apartment they want, and ends with them rationalizing whatever they came away with. This is The Hunt: Dreams vs. Reality
The Hunter: an older couple looking to buy
Dream: $1.4 million
Reality: $1.578 million
Dream: West Village
Reality: West Village
Dream: Central air, 2BA, gym
Reality: Central air, 2BA, gym/pool, washer-dryer
This week's couple are some old-time New Yorkers who met on the M21 bus forty years ago. They've been bouncing around the West Village since then and recently decided to make a change, hoping for a one-bedroom/two-bathrooms, with central air and a contemporary interior, in a building with a gym. With a budget of $1.4 million, options in the West Village were somewhat limiting, but they eventually found an apartment that met all of their needs in The Printing House at 421 Hudson Street, a building they had checked out back in 1980, right when it had been converted into residential rental units. They paid $1.578 million. [The Hunt/"The West Village: Wish List Satisfied"]