Morningside Heights was the turn of the century neighborhood that was the modern envy of lower Manhattan. Columbia built its new campus designed by Mckim, Mead and White, Morningside Park was created by Central Park's Frederick Law Olmstead, St. John the Divine and Riverside Church came to be as one of the largest cathedrals in North America. Along with all these major institutions, developers poured in and created blocks after blocks of the most desirable stock of brownstone buildings and luxurious prewar flats.
The New York Times has been following the efforts to landmark this neighborhood and the Landmark Preservation Committee slow reaction. The problem would most likely involve all the institutions that would like to build upon their properties and also the misconception that landmarking a neighborhood will hinder it's growth. Soho and the West Village are prime examples of how this actually increases property value in New York City. The upper east side is the other extreme were developers destroying all of the prewar stock type of buildings have made properties not as desirable in those areas. Link: New York Times article.
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