Three years ago, T-Mobile’s CEO John Legere dropped $18 million on this palatial Upper West Side penthouse, but after first re-listing the sprawling duplex at 91 Central Park West for $22 million in February, he’s now dropped the price down to $17,995,000–meaning he’ll break completely even. Not only will the new buyer be able to say they’re living in William Randolph Hearst’s one-time home, but Legre worked with esteemed contemporary architectural design firm SheltonMindel to update the residence while retaining its magnificent historic details such as stained glass windows, elaborately carved woodwork, and ornate ceiling moldings. Plus, there’s an equally expansive private terrace overlooking the park.
William Randolph Hearst
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.
- The Spotted Pig owners will officially open a four-story restaurant at the top of 70 Pine Street. [NYP]
- William Randolph Hearst stored a 12th century Spanish monastery in a Brooklyn warehouse for 26 years. [Untapped]
- Take a look inside this artist couple’s bright, floral, and fantastical Soho loft. [Curbed]
- It’s that time of year again… dumpster diving season! Thank all the departing college kids. [DNAinfo]
- When you’re done reading this book, you can plant it to grow a tree. [Treehugger]
- Starchitect Rem Koolhaas thinks smart home technology in architecture is “potentially sinister.” [Dezeen]
Images: The Monastery of St. Bernard de Clairvaux via Wikimedia (L); Dumpster diving via Eco-Chick (R)
Real Estate Wire: Mega Residential Development Could Come to Bronx Waterfront; Fifth Avenue Is World’s Most Expensive Retail Address, Wed, November 19, 2014
- 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]
The penthouse craze began in the early 20th century thanks to media tycoon William Randolph Hearst. He took up residence in a three-floor apartment at the Clarendon at 137 Riverside Drive and, when his landlord refused to let him expand further, Hearst bought the entire building, adding two new floors to the top of his mansion, crowned by a new copper mansard roof.
Now, 100 years later, the rich and famous are still making headlines with their pricey penthouse purchases. Fellow media mogul Rupert Murdoch recently purchased a $57.25 million triplex penthouse, along with an additional full-floor unit (because why stop at just three?) at One Madison. His bachelor pad totals more than 10,000 square feet of interior space, wrapped in floor-to-ceiling glass. Is this the new standard for penthouse living? We’re taking a look at some of the top sky-high listings in Manhattan to find out.