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Rice, innovator, dies; chairman of James Felt.

Henry Hart Rice, chairman of James Felt Realty Service and an innovator in many real estate deals who won many industry awards, died last Thursday at his Manhattan home. He was 80 years old.

Among his most celebrated deals was his help in devising the complex finances that saved Carnegie Hall from demolition. In the 40's, Rice was the marketer of the Parkchester development in the Bronx, at the time the largest in the world with 12,000 units.

His work for Metropolitan Life, developer of Parkchester, continued with the residential and commercial development of Fresh Meadowns in Queens, which included the first Bloomingdales outside Manhattan.

Rice won the Real Estate Board of New York's prestigious annual award as the most ingenious realtor four times and served on the board's Sales Brokers Committee and directed the Brokerage Division.

Born in Manhattan, he attended college and started work at 15 years old in the morgue of The New York Times. He started work in real estate in 1932 as leasing broker and manager of Hanford & Henderson, then becoming a vice president of Butler & Balswin in 1936.

Serving in government, Rice helped write the original rent control rules for New York City; he was an assistant to the rent administrator, technical advisor to the National Housing Administration, chief of conversion management in the Public Housing Administration and its chief appraiser in this region.

He also worked for Van Dam Mordecal and J. Clarence Davis Realty after the World War.

Among charity activities were contributions to the Hospital of Joint Diseases, Yale University, New York Community Fund, Westchester Community College, Townsend Harris High School, and the UJA-Federation.

His first wife, the former Grace Hecker Rice, died in 1974. He is survived by his second wife, the former Margaret (Peggy) Schwartz; a daughter, Dr. Eve Rice of Bedford, N.Y.; a son, Edward, of Reston, Va.; a stepson, Edwin Stern of Manhattan; three stepdaughters, Maggie Terris of Watertown, Mass., Mary Grossman of Manhattan and Suzy Kunhardt of Chappaqua, N.Y.; four grandchildren and 13 stepgrandchildren.
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Title Annotation:Henry Hart Rice
Publication:Real Estate Weekly
Article Type:Obituary
Date:Mar 4, 1992
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