JDD333 | Indy Week

JDD333 
Member since Apr 20, 2007


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Re: “Eyes on the prizery

I realize I am chiming in sort of late on this, but I have been out of the country. It is unfortunate the author did not mention one of Rothschild's earliest property development projects. In 2001 Preservation North Carolina launched a campaign promoting the preservation of the historic Eduardo Catalano house in Raleigh. The house, built in 1954 and considered by some to be the most significant example of modern architecture in the state, had fallen into disrepair and the owner wanted to sell. He gave a purchase option to Preservation North Carolina, but they were unable to find a buyer, so the property was sold to JBar Inc, a partnership of Rothschild and his father in law, in March of 2001. By the end of March the Catalano house had been razed and the property is now occupied by several of the large, high profit homes many refer to as "mini mansions." Perhaps, as the article infers, Rothschild has developed a "cultural conscious" but I am not going to be convinced of that until I see artists occupying affordable space in his Golden Belt project.

Posted by JDD333 on 04/20/2007 at 1:26 PM

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