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Book Review
Selling the Lower East Side: Culture, Real Estate, and Resistance in New York City. By Christopher Mele. (Minneapolis: University of Minnesota Press, 2000. xvi, 361 pp. Cloth, $49.95, ISBN 0-8166-3181-6. Paper, $19.95, ISBN 0-8166-3182-4.)
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In July 1986, a newly renovated sixteen-story building was the real estate industry's $10 million wager that New York City's young upper middle class was ready to pay a premium to live anywhere downtown. On the eastern edge of Tompkins Square Park, the Christadora was a reset jewel in a setting of vacant lots and delapidated tenements. Originally built as a settlement house for immigrants, the new condominium epitomized the sort of economic and social transformation that developers desired for the Lower East Side as a whole. Refaced brick walk-ups and nearby tenements draped in banners advertising "luxury units" were the classic indications that private capital had finally targeted for gentrification the long-neglected Lower East Side. Or was it all just fool's gold? |
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