Palaces-in-the-Making

(The New York Times) A run-down parking garage is for sale on the corner of Perry and Greenwich Streets in the West Village, and at least one of the bidders wants to tear it down to its bones and replace it with a 40,000-square-foot mansion — creating what would be the largest single-family home in New York City.

Just down the road, at 145 Perry Street, the hedge-fund billionaire Steven A. Cohen paid nearly $39 million for a small commercial building that he is reportedly converting into a single-family home. And in the same neighborhood, the Texas oil heiress and novelist Hyatt Bass and her husband, Josh Klausner, a screenwriter, are transforming a former film studio where Martin Scorsese and Sandra Bullock once shot scenes. The new home will have nearly 12,000 square feet and is being designed by the architect Annabelle Selldorf.

Welcome to the new Gilded Age.

 

A building at 802 Greenwich Street is being transformed into a 12,000- square-foot home for the Bass family. Marilynn K. Yee/The New York Times

 

Source: http://www.nytimes.com/2013/10/27/realesta...