Two planned projects may begin a major transformation of the shopping district on 86th Street, according to the New York Times.
http://www.nytimes.com/2006/02/01/business/01lex.html (registration required).
Most MH families who are likely to purchase large apartments send their kids to schools near 86th street. The negotiations to assemble these parcels were "innovative and extended."
O'Connor and Kalikow could not have anticipated two high profile, and competing, projects would be coming onto the market so soon after they bought Manhattan House.
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