Built in 1903, it was renovated in 2008 to provide 24 spacious apartments and four penthouses.
Geffen joins a gaggle of billionaires shelling out serious cash for penthouses peddling Central Park views.
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The failed proposals were for two penthouses, two flats, a restaurant and office space spread over 10 floors.
Developer Berkeley Homes is now converting the building into 59 apartments and penthouses.
These buyers sink money into waterfront mansions on elite islands like Indian Creek or newly constructed condo penthouses on South Beach.
These small lots can be a tough sell, in the age of McMansions in the suburbs and sprawling penthouses in the city.
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The newly purchased penthouses will span 16, 271 square feet of living space spread across three levels, including more than 6, 000 square feet of outdoor space.
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Basically many of the aesthetic trappings found in palatial penthouses.
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This is where Stewart and Klein have deposits on penthouses.
Actress Gwyneth Paltrow and rocker husband Chris Martin of Coldplay, are long time East Coast residents, preferring penthouses in Manhattan and a large estate in the Hamptons for their home base.
People familiar with the latter transaction say that the buyer of those penthouses, also an American, edged out Cantor Fitzgerald Chief Executive Howard Lutnick in the sale by making a quick all-cash offer.
Expected to be completed by April 2013, the penthouses will sit 16 stories atop the Miami Beach EDITION hotel, a splashy new resort being developed by Schrager in partnership with Marriott International in the former Seville Beach Hotel.
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