Why am I passionate about this?
As an economics professor, I’ve spent the past twenty years researching why cities build upward. Though I mostly look at cities through the lens of statistics and data, every building has a personal and dramatic story that exists behind the numbers. And no matter where you go in the world, great cities with their towering skyscrapers all owe a debt to New York—every city wants its own version of the Empire State Building to signal its economic might. New York is the world’s metropolis. As the (now cliché) song line goes, “If I can make there, I’ll make it anywhere,” is a true today as a century ago.
Jason's book list on real estate titans built New York skyline
Why did Jason love this book?
When I walk through the streets of Manhattan, I’m constantly awed by the variety and density of its buildings. I wonder how such a city could have ever been built. New cities today lack the soul and character. But when you look at why these buildings exist, you see that they are there for a more mundane purpose: as shelter. The Garment District, for example, was created to house massive sweatshops to clothe America. Gotham’s apartment towers enclose the beds on which residents sleep.
Many of these structures were built by a group of family-run development companies. The founders of these enterprises invariably began as immigrants trying to hustle their way up the economic ladder. They started as teenagers working in the sweatshops or hawking newspapers and, bit by bit, erected their own real estate empires. Tom Schactman’s book tells how entrepreneurial spirit, along with New York’s rapid economic growth,…
1 author picked Skyscraper Dreams as one of their favorite books, and they share why you should read it.
A portrait of Manhattan real estate and of the multimillionaires who are its masters, describing a world of high risks and huge rewards. Skyscrapers embody the romance of our times. The inspired gamblers who built the structures that transformed not only Manhattan but also the world took great risks. Some of the most colourful failed, while others founded family dynasties among the wealthiest in America, from the Astors and Rockefellers to the Roses and Trumps. From penniless Russian Jewish immigrants to society patricians, from penthouses to tenements, real estate and its manipulations - the buildings, the strategies, even the disasters…