Karl Lagerfeld's Fashion Island Plans: Too Good to be True After All

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Turns out the much-ballyhooed Karl Lagerfeld-designed Fashion Island in Dubai shall not come to pass. The NY Observer reports:

Like many things in the Emirate, it has proven too good to be true, falling victim to the city's collapse. Like the hundreds if not thousands of projects that have been abandoned before it, all that remains of the Isla Moda is its otherworldly renderings.

As The Observer suspected, the project is nothing but a mirage.

Carolina (pronounced the Latin way, care-oh-LEE-nah) Botero, a representative for Miami-based architects Oppenheim, which was designing the project with Lagerfeld, said the images had leaked out onto the Internet without the firm's consent.