Upper Estate
Revision as of 15:56, 5 March 2008 by Absentminded (talk | contribs)
The Upper Estate was a bit of land given to Columbia by the State of New York in lieu of cash support (which it had given to other New York Colleges), better known today as Rockefeller Center]. Generally considered a lousy bit of property that cost more to maintain than it generated in rent, it went on to become the cornerstone of Columbia's endowment when the city's central business district relocated to midtown.
After selling the property to the Rockefeller's in 1985, the property has in a way come full circle. Real Estate developer and manager Jerry Speyer CC '5? Tishman-Speyer bought the property in 2001.
External links
- FOUND IN ANCIENT GRANTS; THE WISE RESTRICTIONS OF OLDTIME LAND-OWNERS, New York Times, March 11, 1883
