In the early 2000s, real estate in Manhattan was booming, showing annual double-digit appreciation for the next decade. By the middle of the housing boom, Pam and Colin finished the full restoration of their brownstone, and their building had appreciated by over 700 percent! So what did they do next? They bought the adjacent broken-down building in order to develop the first green-cantilevered condominium complex in Manhattan.
At the time, banks were throwing mortgages around like comedy club coupons in Times Square. It seemed un-American not to accept some of that money. Like many others, Pam and Colin got caught up in the housing boom. Green design was the new obsession of the architectural world and their project was all that and a tank of biofuel, incorporating two geothermal wells, passive solar radiant heating, reclaimed natural materials, modular construction, a car lift to a private garage, and Nana doors. It was the green dream on steroids!
But then it all came crashing down. This is their story of survival and perseverance that brought a silver lining in the end.