Photo Credit: Genton Property Group
In Market

John Legend, Chrissy Teigen List NYC Pads for $18M; LA Condo Seeks Record $75M

Jan 28, 2022 | By: Ameena Walker

‘Wellness-Focused’ Flatiron House Launches Sales From $1.98 Million

In Manhattan’s Flatiron District, a new luxury wellness-themed project developed by New York-based real estate firm Anbau has come to market. Flatiron House offers 44 residences divided between two buildings (known as the Tower and the Loft) that are connected via a shared interior garden. COOKFOX Architects employed its biophilic design approach to create spaces that focus on wellness, and collaborated with Brooklyn-based landscape architects Future Green Studio for the indoor and outdoor green spaces.

The Tower hosts most of the residences at Flatiron House, offering 37 condominiums that range from one- to four-bedroom configurations. The Loft offers seven condominiums that come in one- to five-bedroom floor plans, with some residences spanning full floors and having direct elevator entries. All residences offer floor-to-ceiling windows, oak flooring, custom kitchens with Gaggenau and Thermador appliances, and marble bathrooms with cast-iron tubs.

Flatiron House amenities include a gym with a yoga and stretching studio, screening room, game room, private dining rooms, and a garden with native plants and trees. Prices start at $1.98 million and go upward to $13 million.

Four Seasons Penthouse Seeks to Shatter L.A. Record With $75 Million Price Tag

A two-floor, 13,000-square-foot penthouse at the new Four Seasons Private Residences in Los Angeles, California, has just hit the market for $75 million, the Wall Street Journal reports. If sold for even close to its asking price, the penthouse would set a new record for priciest condominium in the city by a long shot.

The 12-story building is located near Beverly Hills and is the work of developer Jonathan Genton, who says the penthouse’s design was inspired by California Case Study houses built from the 1940s through the 1960s. The upper floor features sliding glass walls that open onto an expansive rooftop terrace with reflecting pools.

The current record sales price for a condo in the Los Angeles area was set in 2010 by a $35 million penthouse in Century City.

John Legend and Chrissy Teigen Ask $18 Million for New York Penthouses

John Legend and Chrissy Teigen are looking to sell a pair of penthouses within the Brewster Carriage House in Manhattan’s Nolita neighborhood for a combined $18 million.

The power couple purchased the first residence in 2018 for just over $9 million and the second in 2020 for $7.7 million, with the intention of combining the residences (though that never happened), the Wall Street Journal reports. In all, the two condominiums offer 6,100 square feet of living space with six bedrooms, six bathrooms, 12-foot ceilings, Juliet balconies, a private elevator, and a 3,300-square-foot rooftop terrace.

Alibaba’s Joe Tsai Outed as Buyer of $188 Million 220 Central Park South Pad

Hong Kong-based investment advisory firm Blue Pool Capital, which manages a portion of fortunes for Alibaba Group Holding Ltd. co-founders Joe Tsai and Jack Ma, has been revealed as the buyer of Daniel Och’s pricey penthouse at 220 Central Park South, Bloomberg reveals.

Records indicate that Tsai paid $188 million for the 9,800-square-foot home that Och bought for $93 million in 2019. Tsai also owns two full-floor condos at 220 Central Park South, for which he paid around $158 million in two separate transactions last year.

Car-Free Metropolis Is One Step Closer to Becoming a Reality

An Arizona-based startup has successfully raised $30 million in Series A funding toward creating a 16-acre walkable city that exists completely free of cars. Culdesac is the company behind the community planned for Tempe, Arizona. The company broke ground in 2019 and is set to debut Culdesac Tempe this year. It is hoping to raise $2 billion to work on its next round of neighborhoods that will be three times bigger than the Tempe project, which will be able to accommodate up to 1,000 residents.

All residents at Culdesac Tempe will rent one of 636 residences that range from studios priced at $1,090 per month to one-bedrooms for $1,250 per month, and they will receive annual $3,000 mobility benefits through partnerships with Lyft, e-scooter company Bird, car-sharing startup Envoy, and Arizona Valley Metro, The Real Deal says.

If Culdesac can successfully roll out its series of planned car-free cities, it will serve as further proof that cities can be radically designed to be more eco-conscious while still being technologically innovative and fully functioning.