Eyesore or Eye candy?

There goes the neighborhood. Julian Schnabel's pretentious Palazzo Chupi sits like a regal poodle high above the peasants of 360 W. 11th Street. According to the Villager, the ode-to-Venetian residential building involved constructing an 11-story addition above an existing three-story former stable. This past June, the wraps came off the building, as black construction netting was removed to reveal its color. Andrew Berman, Greenwich Village Society for Historic Preservation Director, got Schnabel's panties in a bunch by calling it “hot pink,” to which the artist fired back that it was really “Pompeii red.” Rumor has it that Bono is hankering to be Schnabel's suite mate, as well as Madonna and Patrick Swayze. As for the name, Palazzo is Italian for Palace and Chupi--well, who knows. For one, it's Spanish for sucker, and with a +$15 million pricetag for a single unit, you can't help but find it fitting.