Bill Ackman scores approval for controversial glass penthouse in NYC

Monthly bill Ackman and wife, Neri Oxman, acquired approval from New York City’s Landmarks Preservation Fee on Tuesday to develop their penthouse in the sky regardless of yrs-very long drive back from their Higher West Facet neighbors.

“We are grateful for the LPC’s enter and best acceptance,” Ackman advised The Submit. “It led to a improved design and style, and more aid from the neighborhood. Hunting forward to transferring in.”

The billionaire hedge fund supervisor and founder of Pershing Square Funds Management experienced purchased the 13-area penthouse in 2018 for virtually $22.5 million, documents clearly show. It was the 1st time the residence had been detailed for sale in 40 a long time — acquiring formerly been owned by the late creator, Nancy Friday.

Ackman, 55, has used the previous two many years doing work on designs for the residence immediately after ditching an first two-tale glass penthouse design and style that would have been far too noticeable from the avenue.

The Landmarks Preservation Commission approved Bill Ackman’s amended plan to build a glass penthouse atop a century-old co-op building in the Upper West Side.
The Landmarks Preservation Commission authorized Monthly bill Ackman’s amended approach to build a glass penthouse atop a century-old co-op making on the Higher West Side.
Foster + Associates
The original all-glass design was inspired by Philip Johnson’s Glass House in Connecticut.
The initial all-glass style was encouraged by Philip Johnson’s Glass House in Connecticut.
Foster+Partners by using NYC LPC/YouTube

The fee had received 50 letters opposing the proposal from men and women and one more 4 from advocacy teams, and the investor was pressured to think about alternate ways to build his ideal household.

Ideas for the 5,200-square-foot penthouse — which will just take at least 18 months to make — are now going ahead immediately after the LPC instructed Ackman to be extra accommodating to neighbors.

“We ask the candidates to keep on to examine this project,” Landmarks Chair Sarah Carroll reported in a November 3 hearing. “You are in the right way, [but continue] pondering about how you can satisfy the structure intent of this glass house on the roof by sinking it down, reducing it, and retaining a extra type of horizontal good quality.”

The approved proposal includes a scaled-down design and more muted materials.
The authorized proposal involves a scaled-down layout and extra muted materials.
Foster+Partners via NYC LPC/YouTube
Bill Ackman bought the 13-room penthouse at 6-16 West 77th Street in 2018 for roughly $22.5 million.
Bill Ackman purchased the 13-space penthouse at 6-16 West 77th Road in 2018 for about $22.5 million.
Foster+Companions through NYC LPC/YouTube

Ackman, in the exact same listening to, revealed at the time that his intention was to arrive up with a job that was far more considerate and delicate for the rooftop overlooking Central Park.

“The past issue we needed to do here was barge in and develop a thing on someone else’s making disrespectfully,” he claimed.

The neo Renaissance-type home was manufactured as a pink stucco box, and is currently a blend of four independent apartments that choose up floors 16 and 17. The new venture will be developed by Norman Foster.

It is not crystal clear when the present penthouse was painted pink.

The home is not a metropolis landmark, but falls within the Higher West Aspect/Central Park West historic district.

Bill Ackman scores approval for controversial glass penthouse in NYC

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