Posts

Showing posts matching the search for upscale Manhattan apartment

Why rich New Yorkers are hiding their wealth and privilege

The struggles of the impoverished are well documented. But how about the unique pain and struggle associated with being wealthy in New York City? In her research for “ Uneasy Street : The Anxieties of Affluence” ( Princeton University Press , out Sept. 5), Rachel Sherman interviewed 50 New York-area parents of young children, whose household incomes ranged from $250,000 to $10 million and with assets totaling up to $50 million. These locals live pampered lives — with multiple high-end properties, teams of household employees and frequent, lavish vacations — but still, they do impressive mental gymnastics to avoid identifying themselves as truly rich. For instance: Helen, a stay-at-home mom with an annual family income of $2 million, describes herself as “in the middle, in the sense that there are so many people with so much money. They have private planes. They have drivers. They have all these things.” This kind of creative (and self-serving) logic is prevalent among Sherman’s su...

River Terrace Apartments

Image
Quizzes Lists Topics Save The River Terrace Apartments is an apartment building located at 7700 East Jefferson Avenue in Detroit, Michigan. It was listed on the National Register of Historic Places in 2009. [1] River Terrace Apartments was one of the first two garden apartment complexes built in Michigan which used loan guarantees from the Federal Housing Administration , the other being Hillcrest Village in East Lansing. [2] History By the late 19th century , the corridor along East Jefferson Avenue had become a prestigious residential neighborhood . As the automobile age dawned in the twentieth century and Detroit's population boomed, large upscale apartment buildings were constructed along the Avenue. However, this boom in apartment construction collapsed at the start of the Great Depression. However, in 1939, Wesson Seyburn, along with Leonard P. Reaume, of the property management firm of Holden & Reaume, applied for a building permit to construct this apart...