And we've made Gawker

The building collapse that keeps on giving.
In all seriousness, though, there is something really effed up about the situation, and it ain't the collapse. Some asshole is planning on building a 30 storey (or so) residential building (read: luxury co-ops) on each side of the street. This is a neighborhood of 3-10 storey buildings. 30 (times two!) would be completely out of proportion, flood the neighborhood with more cars, make the subway station even more packed, and generally up obnoxious yuppie scum population.
If any good comes from this (other than the thrill of 'copters overhead) maybe the buildings will be re-examined.