Real Estate: A Bundle from Britain

With a rare talent for expanding now and financing later, Manhattan's aggressive William Zeckendorf, 56, long ago made himself master of one of the nation's most grandiose real estate empires. The catch was that Zeckendorf's Webb & Knapp, Inc. was always barely one gasp ahead of its creditors: by last year the company was staggering under some $100 million in short-term debt, found itself so short of ready cash that Zeckendorf was obliged to swallow his pride and abandon cherished plans to build a $60 million Manhattan luxury hotel named after himself (TIME, Aug. 1, 1960). Last week,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!