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Douglas
Durst, the billionaire New York builder-developer,
says it was at the very moment he was sure
he was going to die within hours that ultimately
set the stage for creating his dream building:
4 Times square, celebrated as the city's
lovely, genuine environmentally-friendly
building.
He
was teetering on the edge of death in one of
the worst places to need immediate help: a
to-hell-and-gone village 80 miles from Corner
Brook on Newfoundland's west coast. Douglas,
the scion of the already well-to-do builder
Seymour Durst, was entranced with the brave
notion rampant in the 1970s of doing it all
on his own. He and Susanne, the young Danish
girl he tried to marry almost from the moment
he first clapped eyes on her--like many hippy
couples at the time--tried to "get away
from it all."
They settled in Woody Point, an out-of-the-way
fishing village. They had a fixer-upper, a
ramshackle house needing a lot of work. Besides
the hammering and sawing and painting Douglas
installed a hot water heater for the coming
winter.
On October 17, 1972, the boiler exploded.
Like shrapnel, a piece of metal went through
his right calf. It severed a nerve and also
destroyed a big piece of the fibula. It was
clear that Douglas needed help, big time help,
and he needed it now.
He was bundled into a flat bed truck and tossed
and turned and jostled and banged over 40 miles
of rutted dirt road, and then sped over 40
miles of paved road to Corner Brook, on the
island's west coast. Doctors cleaned the wound,
sewed him up and apparently figured he'd be
lucky if he didn't lose half his leg.
Losing a leg didn't occur to him.
"I knew I was dying," Douglas recalls. "It
wasn't an unpleasant experience. I wasn't afraid.
I was really calm. I looked at it as a fact.
I was dying. It seemed such a natural thing.
Susanne was with me. She kept saying, 'You
can't go.' And so I didn't."
For a 27-year-old with two young children
to coolly contemplate an untimely death reveals
the prospect that he could go through life
able to face anything. It is no surprise that
he thinks the last stanza of Invictus truly
fits him:
It matters not how strait the gate,
How charged with punishments the scroll,
I am the master of my fate,
I am the captain of my soul.
As the reigning figure in the Durst Organization,
one of New York's largest and oldest privately
owned real estate firms, 58-year-old Douglas
Durst has bordered upon being regarded as a
maverick in the fiercely competitive, egocentric,
power-hungry world of New York master builders.
He carved a niche for himself by a dedicated
commitment to protecting the environment. But
his claim to fame, the darling of his life's
work thus far, rises 48 stories at 4 Times
Square. It is the Conde Nast building, the
one that had some other realtors convinced
that Douglas was crazy.
First off, they felt the project
violated the builder-developer's Eleventh
Commandment: "Thou
shalt not put a shovel in the ground, nor disturb
even an ounce of earth, until thou hast an
anchor tenant and leases covering 60 percent
of the building."
There was no anchor tenant
when the project got underway, but Conde
Nast came aboard a
month later followed by Skadden Arps Slate
Meagher & Flom, the huge law firm. They
signed leases for 80 percent of the space.
(Douglas was so grateful he engineered a special
concession for Si Newhouse, major domo in Conde
Nast. Of the 3,800 windows in the building,
the only ones a tenant can open and close are
in his office. Newhouse also is the one person
allowed to bring his dog into the building.
The only exception is for people with guide
dogs).
Four Times Square is also known
as the "Green
building" because of its many environmentally
positive features. The F.W. Dodge New York
Construction News, a bible in the industry,
gushed over the structure as a breakthrough
venture and said it was "proud to recognize
The Durst Organization as its 2001 Owner and
Developer of the Year."
It was cited as being environmentally responsible.
It had photovoltaic panels converting sunlight
into into electricity, fuel cells creating
electricity from natural gas, huge low-glare
windows to reduce need for artificial light,
built-in waste chutes to facilitate recycling,
fresh air pumps, among other things. And 40
percent of the building was made of recycled
or existing materials.
But there was disappointment, as well. There
has been no discernible rush among other builder-developers
to toss up edifices that emulate the Durst
Doctrine: if you can't do better, at least
do no harm.
"I thought other builders would follow
the environmental aspects of 4 Times Square," Douglas
Durst says, "but so few have and none
to the degree I went."
He attributes the success of
4 Times Square to a strategy to keep the
various elements
involved in construction and development in
constant communication. "One major problem
in this industry is the back-biting and fingerpointing
that goes on with the architect and contractor
and builder and even tenants," says Douglas. "My
cousin, Jody Durst, who is a co-president,
and I decided on having a succession of retreats
involving the architect, Fox and Fowle, and
the contractor, Tishman Realty. That way we
dealt with problems before they became problems.
Everyone was involved in solving not blaming."
Durst, in his fashion, is shaping himself
into a Pygmalion, striving to also achieve
some kind of perfection and beauty. But unlike
Pygmalion no matter how breathtaking a Galatea
he creates, Douglas has determined it will
never be the be-all and end-all of life.
"There are two things I learned from
my grandfather and father that I sort of always
keep in mind," says Douglas, who represents
the third Durst generation. "My grandfather,
Joseph, who started this business in 1915,
told me, 'Never fall in love with bricks and
mortar.' To me, that meant you had to be ready
at anytime to give it up, to sell it. And my
father, Seymour, said we shouldn't ever build
anything we couldn't walk to. In other words
close at hand and constant involvement."
Another tenet handed down through the years
is that in leasing space the Dursts do not
press for the last and highest dollar nor give
up and settle for the bottom dollar.
Whether or not that's truly been the guiding
light in the rise of the Durst dynasty, it
certainly has paid off. Today, the Durst Organization--which
has a reputation of honoring and abiding by
handshake deals--has a real estate portfolio
of 7.5 million square feet in 10 office buildings.
It remains one of New York's largest and oldest
privately owned real estate firms. Douglas
Durst acknowledges an amassed fortune of $2
billion.
The late Seymour Durst, one of the bevy of
heavyweight, very savvy builder-developers
in perhaps America's toughest, most competitive
real estate market, once explained to Douglas
why the Dursts lost a drawn-out court battle:
"We had good lawyers,' he said, "but
they had better judges."
One of their landmark battles involved the
fate of the Luxor Baths, a celebrated gathering
spot for the big time Broadway crowd of the
'30s and '40s. Walter Winchell, Jack Dempsey,
Damon Runyon graced the splendor of the Luxor.
In its heyday, the nine-story building at 121
West 46th St., was New York City's classiest
whorehouse.
In the 1970s amid the growing popularity of
massage parlors, the Luxor was again in operation,
presumably as a massage parlor. Seymour Durst
was the landlord and his detractors tried to
paint him as a whorehouse operator. The operators,
Betty Vicedomini and her son, Peter, stymied
Durst's efforts to e vict them as well as trumping
shutdown moves by the Mayor's office, the police
department, health department, fire department,
buildings department, public works department,
Department of Rent and Housing Maintenance.
Douglas, then 30, came up with a strategy
to emerge from the mess. They sold the building
to the Vicedominis, holding an $800,000 second
mortgage.
"The city police wouldn't
drop their pants to prove prostitution. So
we hired private
detectives to gather evidence. The City was
able to close them as a public nuisance and,
as I predicted, they defaulted on the mortgage.
We got the property back and tore it down.
It's an office building now."
Seymour Durst often drew public attention
as an inveterate commentator on municipal issues.
He was given to writing to newspaper editors
to express his views. And he was the force
behind a so-called zipper message that crawled
in moving lights on an Avenue of the America
building, between 42nd and 43rd streets. It
called attention to the nation's spiraling
deficit. The rapidly moving lights, first turned
on in 1989, kept spewing numbers of the mounting
deficit 24 hours a day. At that point it was
about $3 trillion.
"We stopped it in 2000 when the budget
was balanced," explains Douglas. The deficit
was then $5.6 trillion. On July 11, when the
deficit hit $6.1 trillion, Douglas turned it
back on.
In comparison to his father, Douglas is generally
regarded as taciturn. Indeed, he seems to be
a man of few words, but those closest to him
warn that it isn't because he doesn't know
the words or have a lot to say but that it
is because he is shy.
His role as a master builder
with a conscience, as a man who can say without
blushing that "being
environmental is as much about hugging money
as hugging trees," probably was fashioned
during the flower child era of the 1960s. He
was a student at Berkeley, focused on foreign
affairs and harboring the notion of going into
the foreign service. But in graduate school
in New York, he concentrated on urban development.
At a New Year's Eve party welcoming 1967,
however, he concentrated on Susanne Deichmann,
a student from Denmark, whose father was the
preeminent landscape designer. After a week,
to almost universal surprise, he proposed.
After a month, she said maybe. Another month
and it was yes. They got married in Copenhagen
in September. Douglas was 22, and Susanne,
21.
In short order, they produced Anita and Alexander
and moved to Ibiza, Spain, where her family
had long gathered for vacations.
"Because I was involved in my first solo
real estate deal, I was commuting from New
York to Ibiza," Douglas recalls. "What
I did basically was compare the time spent
commuting from Katonah to the city and then
from the city to Ibiza. The time was pretty
close, but what I didn't really take into account
was jet lag."
The solo project, undertaken
while Douglas was still in graduate school,
was an apartment
building on 78th and Columbus. It had some
great features and won an American Institute
of Architecture award. "It had nothing
to do with the ecology," he says. "It
was a showcase beauty and a financial disaster
because of a downturn in the economy. We were
five years ahead of the market."
Did he learn anything from that brush with
financial disaster?
"Yes. I learned to have
all my finances in order and then decide
what risks were worth
taking."
It was after this that he had his near-death
experience. Even though the doctors said he'd
never walk again, he went into intensive rehabilitation
for a year and regained use of his leg. Today,
he's an aggressive tennis player and regularly
rides horses and bikes. He usually arises at
6 AM, does yoga and tai chi and swims.
And what, if anything, did he learn from that
brush with death?
"Well, that ended with my 'getting away
from it all' period. It told me I can't escape
my fate, and my fate was to be in New York.
I've never had a serious accident in New York." Apparently
he forgot about a serious fall from a horse
a few years back, shattering a wrist. Rather
than having a cast, the broken bones were placed
into position and held there by wires that
poked through his skin. It formed a gruesome
looking sculpture.
"What it also proved to
me was that if I set my mind to do something,
I can do it
and will do it. I've always believed that about
myself. I am convinced of it."
Infected by a desire to support environmentally
progressive activities on a personal level,
Douglas decided to try his hand at organic
farming, and in 1990 he became a partner with
Raymond McEnroe in McEnroe Organic Farm, a
500-acre spread in Millerton, NY. He jumped
in with both feet and landed amidst a bunch
of howling neighbors.
Organic farming relies on composting of horse
manure as well as fecal matter from cattle,
chickens, hogs. McEnroe boasted of having the
most advanced, State-of-the-art compost rows
and outstanding runoff controls, including
clay lined holding ponds, rock filters, back-up
pumps and sod beds. The state checked local
wells and found no contamination from the farm.
An opposition group, Citizens
for North East, Inc., went to court and also
applied pressure
on local governing boards to shut down composting
operations because of a threat to "the
area's health and property values."
In a 1990 letter, a Dutchess
County neighbor wrote Douglas, "Since you are neither
a resident of the community nor a 'weekender,'
you are cast in a particularly bad light." The
not-so-subtle letter went on to say the opposition
included people "influential in both the
town of North East and in the City."
That didn't faze or intimidate the Dursts
and today the farm is robust and busy as ever,
selling produce from a stand on Route 22 near
Millerton. Meat from cattle is sold at Eli
Zabar's shop on the East Side of Manhattan.
And, of course, it graces the Dursts's table.
The Dursts are involved in at least 10 different
do-good and watchdog organizations dedicated
to ecological matters and to fostering the
arts. Right now his daughter, Anita, is busy
using Durst's four unoccupied 42nd Street theaters
as rent-free venues for struggling playwrights,
screen writers, choreographers, dancers, singers,
composers, costume designers, set designers,
lighting designers, stage craftsmen, directors,
producers, musicians, visual artists. It's
been a boon for experimental theater. She also
figures she's helped to erase the tawdry image
of 42nd street by cl;osing down a peep show
and turning it into a visual arts gallery.
Anita says that though she occasionally sits
in on meetings in her father's office at 1155
Avenue of the Americas, it's unlikely she'll
ever have an active role as a fourth generation
participant along with her siblings. Her brother,
Alexander, 31, is a dedicated triathalon athlete
now heading for an MBA, concentrating on real
estate, at the University of Colorado in Boulder,
and sister, Helena, 25, now at Baruch College,
has a regular gig at the company.
"I'm in love with the theater, with arts
of all sorts," says Anita. "So that's
where I'll stay." Last year, she was nominated
by the Drama Desk as best supporting actress
for her role in an off-Broadway production
of The Bitter Tears of Petra von Kant.
She vigorously applauds her father's commitment
to improving the environment whether its for
innovations in construction or promoting a
water taxi.
The water taxis have the color
motif of Yellow Cabs and can carry about
100 passengers each. "After
the September attack on the World Trade Centers,
it seemed to me there would be a real need
for transport that could serve lower Manhattan.
The water taxi could probably serve 10,000
people a day and at the same time reduce the
amount of fuel used, the pollution produced
and relieve road congestion normally required
to move 10,000 people," Douglas Durst
said.
Durst put $6 million into the enterprise.
The taxis pop along the Manhattan shoreline
in the Hudson River from 42nd St. to Brooklyn's
Fulton Landing in the East River.
"I know that this will help the environment," he
says.
To do the environmentally right thing, Douglas
and Susanne recently leveled the family home
at Katonah, NY. It was a lovely estate with
the requisite tennis court, swimming pool and
flower and vegetable garden. But they could
no longer tolerate the notion that because
of its ancient design and construction it was
spewing heat into bedrock, a terrible loss
of energy. A new, well-insulated, energy conserving
four-bedroom home--designed to capture natural
light--is being built.
His involvement in support of the environment
has led to various honors. Allegheny College,
which has a reputation as having one of the
nation's most advanced environmental programs,
has given Douglas an honorary doctorate, as
has the City University of New York.
What's ahead? Will he build a bigger and better
4 Times Square? Does he have any patience with
the master builders who historically huff and
puff as they pay allegiance to the mantra:
bigger is better, bigger is better?
God no. Durst says buildings
should be limited to 50 stories. Building
higher is just vanity
and an affront to having sustainable ecology. "If
you keep adding stories you create very costly
structures, to build and operate," he
says. "When he was governor, Nelson Rockefeller
pushed for towering skyscrapers such as the
World Trade Centers. They always had problems
with vacancies."
One of the things that any
builder-developer needs in New York, besides
money, is patience.
It took the Dursts 30 years to get a piece
of Manhattan property owned by the Maidman
family in order to have a parcel to build an
office building. "For things like real
estate, I can see 20 or 30 years like tomorrow," says
Douglas. "Otherwise, I'm impatient and
20 seconds can be too long. I can say that
if you are pitching me on any kind of project,
if you can't do it in 20 minutes, it's a dead
deal."
He's compelled to draw upon reserves of patience
when it comes to dealing with a sprawling family.
The original partners in the Durst Organization
were the four brothers of his father's generation.
Now there are at least 13 main players involved,
with vested interests and some with agendas
that Douglas and Jody feel might not pay allegiance
to the Durst tradition of how to do business.
One family member, Douglas's brother, Bobby,
is in a Texas jail awaiting trial on murder
charges. Douglas's pain is palpable.
"I am so sad," he says. After some
hesitation, he adds, "I can't figure out
how you can know someone for 58 years and then
learn you do not know them at all."
Whatever the problems that arise or may arise,
Douglas clearly is embarked on a mission to
enlarge the compass of builder-developer. He
makes no pretension toward being a social scientist
but foresees the need and the opportunity to
address long term issues relating to co-generation
of energy, waste disposal, fresh air, potable
water, quality food.
It was that sort of dedication
which was acknowledged by the Natural Resources
Defense Council when
it presented the Durst Organization with its
2001 Forces for Nature Award. It called 4 Times
Square "the first project of its size
to adopt standards for energy efficiency,indoor
ecology and sustainable materials."
There are two commercial Durst
projects now on the boards. One is One Bryant
Park, the
$650 million retail and office complex with
1.65 million square at 42nd and the Avenue
of the Americas. In this case, Douglas is trying
to arrange signing a tenant for at least 30
percent of the space before going ahead. That's
because of uncertainty about the economy. "It
will incorporate such designs as under-the-floor
air conditioning, which has been very successful
in Europe, have more efficient use of water,
and concrete with a higher degree of fly ash,
among other things," says Douglas. "It
will be better than Four Times Square."
The other project, for which ground has been
broken, is the $250 million, 300,000 square
feet New York Cybercenter on 57th Street between
11th and 12th Avenues. It carries the blueprint
for a more adventurous foray into the world
of power and its efficient production and distribution.
It is described as the first high-availability
telecom/data center to contain an on-site,
privately owned, independently certified co-generation
facility.
There is no identified tenant
as yet. But Douglas says, "I feel if I build it, they
will come." That fits in with the organization's
legendary philosophy that it's better to have
long term impact on the environment and long
term yield than immediate profit.
How would Douglas Durst like to be thought
of?
"On my tombstone, let
it say: 'Wherever you go, leave it a better
place.'"
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