Bill Ackman

All renderings designed by Foster+ Partners, courtesy of the Landmarks Preservation Commission

May 3, 2022

NYC gives billionaire Bill Ackman green light to build rooftop penthouse on Central Park West

Billionaire Bill Ackman is getting his Central Park-facing rooftop glass penthouse designed by Norman Foster after all. The Landmarks Preservation Commission on Tuesday approved plans from the hedge fund founder to build a glass penthouse addition on top of a 100-year-old Upper West Side co-op building where he owns an apartment. First presented last November as a two-level glass box on the roof of 6-16 West 77th Street, the approved proposal includes a scaled-down design and more muted materials.
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See billionaire Bill Ackman’s plan for a glass house atop a historic UWS building

All renderings designed by Foster+ Partners, courtesy of the Landmarks Preservation Commission

November 17, 2021

See billionaire Bill Ackman’s plan for a glass house atop a historic UWS building

By Devin Gannon

A plan funded by one of the world's wealthiest people and designed by one of the world's most famous architects still can't get approved in New York City. Billionaire Bill Ackman on Tuesday presented to the Landmarks Preservation Commission his plan to construct a new glass penthouse addition designed by Norman Foster on top of a 100-year-old Upper West Side co-op building where he owns an apartment. After hours-long public testimony, LPC Chair Sarah Carroll sent Ackman and his team back to the drawing board, calling for a scaled-down design.
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October 23, 2018

Billionaire Bill Ackman in contract to buy a $22.5M Upper West Side penthouse

By Annie Doge

Hedge fund manager/billionaire Bill Ackman is set to buy a 13-room penthouse on the Upper West Side for close to $22.5 million, as first reported by the Wall Street Journal. Available for the first time in 40 years, the four-bedroom home at 6 West 77th Street was formerly owned by the late author, Nancy Friday. Ackman, who in 2015 bought the penthouse at One57 for $91.5 million as a "fun investment," is the founder of Pershing Square Capital Management and has a net worth of over $1 billion.
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October 18, 2016

Bill Ackman thinks he can flip One57 penthouse for $500M

By Dana Schulz

When hedge fund manager Bill Ackman closed on a $91.5 million penthouse at One57 in April 2015, he had already boasted that he had no intention of ever living in the place, but that he'd host parties there and eventually flip it as a "fun" investment. It seems that over the past year and a half, Ackman, whose net worth is estimated at $1.6 billion, has gotten even more optimistic, as a source close to him told Vanity Fair that he thinks he'll be able to sell the 13,500-square-foot duplex for $500 million. As The Real Deal notes, this claim comes despite the fact that other units in the building have been recently listed at a loss and that his fund Pershing Square Capital is down to $11.4 billion under management from $20 billion in March of 2015.
More on this ahead

Where I Work

February 12, 2016

Rafael Viñoly Files Plans to Construct a 60-Foot Addition for Pershing Square Capital

By Ondel Hylton

In December, the Post reported that Bill Ackman had tapped starchitect Rafael Vinoly (the designer of 432 Park Avenue) to re-imagine 787 Eleventh Avenue along Manhattan's "Automobile Row" in Hell's Kitchen. Ackman's Pershing Square Capital Management intends to relocate to the top floors of the building, and permits filed yesterday indicate that plans are moving forward. The 100-foot-tall structure will receive a two-story, 60-foot-tall addition, which will add nearly 20,000 square feet of construction floor area to the 460,000-square-foot building.
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Architecture And Design

April 9, 2015

Bill Ackman Closes on One57 Penthouse for $91.5M, Second Most Expensive Condo Sale Ever

By Dana Schulz

After reportedly sitting in contract for almost two years, hedge fund manager Bill Ackman’s planned $90 million flip at One57 has finally closed, according to city records released this afternoon, and for slightly more than expected at $91,541,053. This makes it the second most expensive condo sale ever, coming in only behind the $100 million penthouse also at One57, […]

Real Estate Trends

Will Bill Ackman Be Able to Pull off a $90M Condo Flip at One57?

One57 and the view from the $90 million penthouse

October 28, 2014

Will Bill Ackman Be Able to Pull off a $90M Condo Flip at One57?

By Dana Schulz

It's true that One57′s first flip saw a $3.5 million profit in just five months, but that unit sold for $34 million the second time around. A selling price of more than $90 million is a different story--and that's exactly what hedge fund manager William (Bill) Ackman is hoping to achieve. In a profile in the Times on Sunday, Ackman was revealed as the buyer of the $90 million penthouse at the luxury building, which is sure to see its share of flips. But he also shared that he has no intention of ever living in the apartment. He'll stay with his wife and daughters at their current home in the Beresford and use the penthouse as a "fun" investment opportunity for himself and some good friends, perhaps hosting a few parties there in the meantime.
More on the planned flip here

Real Estate Trends

Bill Ackman

NYC gives billionaire Bill Ackman green light to build rooftop penthouse on Central Park West

See billionaire Bill Ackman’s plan for a glass house atop a historic UWS building

Billionaire Bill Ackman in contract to buy a $22.5M Upper West Side penthouse

Bill Ackman thinks he can flip One57 penthouse for $500M

Rafael Viñoly Files Plans to Construct a 60-Foot Addition for Pershing Square Capital

Bill Ackman Closes on One57 Penthouse for $91.5M, Second Most Expensive Condo Sale Ever

Will Bill Ackman Be Able to Pull off a $90M Condo Flip at One57?

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