Billionaire Wins Deposit Back After Ditched Penthouse Purchase; LGA’s $4B Revamp Could Be Delayed Again

Posted On Thu, April 23, 2015 By

Posted On Thu, April 23, 2015 By In Real Estate Wire

  • A billionaire who canceled his purchase of a $27.5M penthouse at 1107 Fifth Avenue—which also happens to be NYC’s first-ever penthouse—will get his $2.75M deposit refunded to him. Carlos Rodriguez Pastor didn’t want to share his terrace with neighbors in the building. [NYDN]
  • If the Port Authority of New York and New Jersey doesn’t pick a winning developer for the megaproject soon, the two finalists may drop out altogether. [Crain’s]
  • Snooze beneath Brooklyn’s water tower bar for $250 a night. [Curbed]
  • Tom Brady and Gisele Bundchen have rented out their One Madison pad after listing it for just two days. The home is going for $45,000 per month with furnishings or $42,500 monthly unfurnished. [NYP]
  • Craft breweries are coming to South Bronx in droves. [NYT]
  • Red Hook’s crumbling warehouses turned modern office spaces. [Gothamist]

Images: The terrace at the center of the billionaire’s plight (L); LGA (R)

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