Archive for January, 2014

Taking a Break

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Gripepad is going dark for a brief while but will return in February. Y’all come back and see us here, hear?

15CPW still the champion

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The Real Deal reports that in 2013, Fifteen Central Park West remained the city’s most valuable apartment building with eight sales there last year bringing in an average $5,636 per square foot. Meantime, move-ins have begun (see photo, at right) at the nearby (but still unfinished) One57, which developer Extell promotes as Manhattan’s next heavyweight condo. That happy moving man at right made the equally dubious claim that his client was Leonardo DiCaprio.

$100 million–or bust!

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Who will sell New York’s first $100 million apartment? Where will it be? How staggering its views? How starchitect-y its design? And who will buy it? A Hedgie? A Saudi? A cloaking LLC? That inevitability is the subject of my cover story in the January-February issue of Departures, the luxury travel magazine. It’s now unlocked to read online.

Triple flip try at 15 CPW

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Tyler Alexandra Ellis, daughter of the late fashion legend Perry Ellis and TV writer-producer Barbara Gallagher, and designer of Tyler Alexandra handbags, has listed her palatial A-line apartment at Fifteen Central Park West for $31 million, nearly three times its original purchase price, says the Wall Street Journal. Ellis’ truly astonishing story is told for the first time in the forthcoming House of Outrageous Fashion.

Grazing the news for Gripepad obsessions

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Noted without comment: The last few days have seen several of Gripepad’s obsessions flitting hither and yon in the news. Vogue editor in chief Anna Wintour , who appears on the cover of Rogues’ Gallery, has been rewarded for her fundraising and cheerleading efforts on behalf of the Metropolitan Museum of Art’s Costume Institute with the naming of its newly-renovated galleries in her honor. The board of directors of 995 Fifth Avenue, just across the street from that museum, has sued One57 developer, the cantilever and crane-crazy Extell (and a partner) for breach of contract and fraud “in the construction, … Continue reading

A departure for Departures

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The cover of the January-February issue of Departures, touting this reporter’s story on the race to sell New York City’s first $100 million condo sale, has inspired an article in Luxury Marketing. “I wanted to be a little snarky and subversive, especially as a way to ring in the new year,” Departures’ editor in chief Richard David Story told the trade publication, which covers the wide world of luxury marketing. A link to the full text of the article will be posted here once it’s unlocked. For now, it’s for subscribers only! But click the image for a snarky, subversive … Continue reading

Columbia sells a gem on the ocean

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In 2007, Columbia University received the largest-ever gift from an individual–$400 million for financial aid–from one of its alums, telecommunication mogul, John Kluge. Part of that gift was Kluge’s Palm Beach estate, Casa Sin Nombre or House Without a Name–an extraordinary assemblage of historic properties in one of the resort town’s best sections. The history of Kluge’s homes is the subject of my latest Unreal Estate column in Avenue magazine.