Real Estate Wire: Mega Residential Development Could Come to Bronx Waterfront; Fifth Avenue is World's Most Expensive Retail Address

Real Estate Wire: Mega Residential Development Could Come to Bronx Waterfront; Fifth Avenue Is World’s Most Expensive Retail Address

By Dana Schulz

November 19, 2014

Real Estate Wire: Mega Residential Development Could Come to Bronx Waterfront; Fifth Avenue Is World’s Most Expensive Retail Address

William Randolph Hearst’s penthouse apartment at 91 Central Park West is back on the market for $27.5 million after Giorgio Armani’s deal fell through. [Curbed]
An abandoned industrial lot on the Bronx waterfront could become the next mega residential development for $30 million. [NYDN]
Fifth Avenue is the world’s most expensive retail address, overtaking Hong Kong’s Causeway Bay as the frontrunner. [Bloomberg]
Williamsburg factory to become hedge fund CEO’s mansion. [Brownstoner]
Million Dollar Listing star Frederik Eklund announced that his team had more closings this year than any other in Douglas Elliman’s history. [TRD]
Upper East Side mansion full of art and artifacts once listed for $27 million is set to come back as a $65,000/month rental. [NYDN]

Images: Rendering of what could come to the Bronx waterfront via Greenberg Farrow (L); Fifth Avenue via Scorpions and Centaurs via photopin cc (R)

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Tags: 91 Central Park West, Frederick Eklund, William Randolph Hearst

William Randolph Hearst’s Stunning Central Park West Penthouse Sells for $18M

By Annie Doge

After nearly a year on the market, and a deal with Giorgio Armani that ultimately fell through, the ornate penthouse that previously belonged to publishing magnate William Randolph Hearst has finally sold. As reported by The Real Deal, the buyer of the magnificent home is John Legere, a T-Mobile CEO who entered contract to buy the pad back in July. Originally listed for $27.5 million, the home saw numerous price cuts over the last few months, ultimately settling on a $18 million price tag with Legere. While the penthouse is not nearly as large as Hearst's other former top floor spread (that one had an incredible 14,000 square feet of indoor and outdoor space!), this 1,600-square foot beauty maintains many spectacular details, including a wood-burning fireplace, herringbone floors, hand-carved wood doors, stained glass windows and a private terrace encompassing the entire frontage of its 91 Central Park West address.
Go inside the home

December 10, 2019

Giorgio Armani buys William Randolph Hearst’s one-time Central Park West penthouse for $17.5M

By Alexandra Alexa

T-Mobile's departing CEO John Legere first listed his palatial penthouse at 91 Central Park West for $22 million in February 2018 and progressively dropped the price to just shy of $18 million in his search for a buyer. In the end, he didn't have to look far. Giorgio Armani—who already owns a unit on the same floor—recently purchased the residence for roughly $17.5 million, as the Wall Street Journal first reported. The one-time home of publishing giant William Randolph Hearst sprawls over 3,000 square feet and comes with a 1,700-square-foot private terrace overlooking the park. Armani will combine the residence with his existing, similarly sized unit and take over the entire floor.
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November 7, 2024

$50M penthouse is the last residence available at the Upper East Side’s famed Surrey Hotel

By Aaron Ginsburg

Manhattan's famed Surrey Hotel is making a comeback. Following bankruptcy proceedings, new owners, and a renovation, the 100-year-old Art Deco landmark at 20 East 76th Street on the Upper East Side reopened last month as a condo hotel, with 100 hotel rooms and 14 condos, part of the Surrey Residences. Now, after a whisper sales campaign, just one remaining apartment is about to hit the market: a three-bedroom duplex penthouse asking $50,000,000. The sprawling residence, the building's most expensive, offers 5,195 square feet plus 2,346 square feet across three terraces and a private rooftop.
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