The Moinian Money Pit
If you're wondering what that huge construction crew is doing on East 67th Street, New York magazine has the answer: it seems developer Joe Moinian is creating a 1,500-foot-deep "geothermal well" to heat and cool his triplex at 655 Park Avenue. The cost? $150,000. Needless to say, his neighbors aren't exactly thrilled by the round-the-clock noise. [NYM]