On Curbed.com they have something called "SchnabelWatch"... the artist Julian Schnabel has built a freaky pink fake Italian palazzo on West 11th and the river... claimed it would be an artists' community, "the rebirth of the salon." Then sold it off to standard boring money-men...
http://curbed.com/archives/2007/10/03/schnabelwatch_chu....php#reader_comments
Who then just try to flip it for more millions.
http://www.curbed.com/archives/2006/12/05/schnabelwatch...his_convenience_.php
It's not like the rich need to get any bloodie richer.
If he really wants to make it an "artist's salon," he might still move a dozen artists into the place and charge them zero rent. And not even see his bank account go blip.
Here's a nice pic of it... I kind of like how demented it looks.
http://nymag.com/movies/filmfestivals/newyork/2007/38028/index2.html
Come on Julian, give back to the starving artists.