An American Piazza

5 November 2009 - 9:00am

Developer Bart Blatstein reimagined an old brewery in the outskirts of Philadelphia into an adapted Italian piazza. Locals worried it would be be too theme park-y, but community leaders are pleased with the results.

Blatstein says that he was about to build a shopping mall at the site, but his midlife crisis kicked in and he decided to get creative.

"In building his piazza, Mr. Blatstein said he stuck to several principles. He limited the height of the surrounding buildings so that none were taller than seven stories. 'The buildings can't be too high because then they become overbearing,' he said. The piazza itself had to be just the right width — no more than 100 feet — so that people would feel safe there.

Recesses and cutouts in the buildings allow people to enter at different points, tying the piazza to the surrounding streets, said Scott Erdy, one of the architects."

Source: The New York Times, November 4, 2009
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There is lots of theory, and lots of wonderful mathematics, and even lots of dealmaking. But the financial engineers are not real engineers who take responsibility for the bridges that fall down. They have no notion of a safety factor.