Although İstanbul’s current transformation has been presented as a non-Western miracle of development in the face of the destructive effects of economic crises, it is actually possible to think of this transformation as a “skillful” application of well-known global(urban)ization strategies by an alliance formed between the state, the capital and local governments: (a) The segmentation of the city into detached islands through the construction of profitmaking fragments of the global urbanization catalogue, such as shopping malls, gated communities, mass housing settlements (TOKİ: Republic of Turkey Prime Ministry Housing Development Administration of Turkey), residences, plazas, airports, techno parks, golf courts, cruise harbors; (b) rendering lower and middle classes “powerless” in the face of this transformation by means of forced evictions and legal pressure in order to secure the land necessary for the construction of these urban fragments; such that social and class-based segregation is conducted alongside spatial segregation; (c) the production of urban corridors and transportation infrastructures that will facilitate the flow of capital, goods and humans between these fragments of the urban catalogue. Consequently, while prioritizing the city of fluxes composed of corridors to the city of integrated urban spaces, İstanbul’s global(urban)ization project constructs wealthy spaces  on the sites of poor spaces. Lower class neighborhoods inhabited by the city’s poorest, which at time same time carry the highest potential in terms of the rising value of urban land, are refashioned by local municipality-private sector partnerships and allotted to new İstanbulites with highest cultural and economic capital (such as local and foreign executives working in sectors that are in great demand in the post-industrialist era like finance, design and informatics, as well as professionals of the institutionalized field of arts and culture).