another NYC music landmark gone - Hit Factory converted into condos

[mark414]

NEW YORK (Reuters) - In a sense, the story of the Hit Factory is the story of New York.

The Manhattan building being converted into condominiums was built in the 1920s for industrial use but in the 1960's, as manufacturing was becoming less important for New York's economy, and media and finance becoming more crucial, the building became a recording studio.

Over the next few decades, countless classic records-from Stevie Wonder's "Songs in the Key of Life" to Bruce Springsteen's "Born in the USA" were recorded at the Hit Factory.

In 2005, as real estate values hovered at sky-high levels after at least four years of strong growth, and digital recording equipment made it increasingly easy for artists to record outside of traditional studios, the Hit Factory's studios in New York closed.

http://news.yahoo.com/s/nm/20061018/en_nm/property_newyork_hitfactory_dc

:cry: