The Afternoon Wrap: Thursday

The jewelers of Madison Avenue are taking advantage of the summer heat to relocate, throwing the unofficial retail diamond district between 61st to 65th streets into a tizzy. [Racked]

Here's your chance to vent about the most odiferous spots in the city. [Daily Intelligencer]

It looks like the crew of the upcoming season of Top Chef moved into their new digs in Williamsburg today. [Gothamist]

A British restaurant critic recalls a horrifying trip to Buddakan with Tim Zagat in his new memoir. Let's just say food was not the main item on the agenda. [Gawker]

Community Board 2 and SJP's neighbors have successfully vanquished a pesky SATC tour company from making their usual stop in front of her brownstone on Perry Street. Cupcake lovers be warned: Magnolia Bakery is still part of the package. [The Villager via Jeremiah's Vanishing NY]

The owners of Starret City have narrowed down the initial eight bids for the largest subsidized housing complex in the country to four finalists. [Crain's]

Morgan Stanley distributed bonuses to first year ISG analysts averaging $50,000. Reactions ranged from relieved to disappointed. [Dealbreaker]