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Posts Tagged ‘Rhinebeck’

MARKET STREET RHINEBECK DRAWS ROCK ‘N ROLL AND ARTWORLD ROYALTY

Wednesday, October 10th, 2012

Posted by Leonard Steinberg on October 10th, 2012

Seen at MARKET STREET, Rhinebeck’s hot new restaurant on Market Street this weekend: rock ‘n roll royalty and artworld royalty…..and because no-one at Market Street ever breathes a word, you’ll have to keep guessing who these patrons were. Maybe you know someone who was in the restaurant at the time who would share?    www.marketstrhinebeck.com is the website. And if no ‘royalty’ shows, the food alone is certainly worth the visit. I’m 100% biased, but you’ll thank me.

MARKET ST: RHINEBECK’S NEW RESTAURANT TEACHES THE MOST IMPORTANT REAL ESTATE LESSON.

Sunday, August 19th, 2012

Posted by Leonard Steinberg on August 19th, 2012

A wonderful new restaurant just opened Upstate New York in Rhinebeck:  Market St. (I am an investor, so naturally a bit biased) Last night, the second night, was nail-biting. Would people show up? Would the place be a success? The lesson learned is that a premium location is the key to success in all real estate, especially restaurants: Within 3 hours of opening, the place was full and people were waiting to get in. The historic building located across from the Beekman Arms Hotel is very charming, and the interior, with it’s country-city, Belgian-inspired relaxed chic seemed to resonate well with the crowds. The superb Gianni Scappin contemporary Italian food kept the crowds happy.

 

CLINTON WEDDING vs. BUSH WEDDING (and the real estate)

Friday, July 30th, 2010

In this morning’s Wall Street Journal, it was reported that Jenna Bush’s wedding cost a mere $ 100,000.00 compared to the stratospheric $ 3 million estimate for Chelsea Clinton’s wedding: “Bottom line? Think more like Jenna Bush, and less like Chelsea Clinton”

A good point, yet one major defining issue was over-looked: the real estate. The Clinton’s do not own a huge ranch to host a wedding like this, and if they were buying the Astor Mansion in Rhinebeck, it would set them back about $ 12 million. The Bush’s 1,600 acre ranch is worth many millions and is (surprisingly) extremely energy efficient and ‘green’: Rush would not approve! So had the Clinton’s owned a spectacular property to host this wedding, would the $ 3 million cost have been significantly less? “Great real estate can be like a great accessory,” says Leonard Steinberg, head of the Luxuryloft team and managing director of Prudential Douglas Elliman.”It can distract from a cheap outfit. An inexpensive wedding on spectacular real estate always looks more expensive.”