By Braden Keil
July 24, 2004
MR. POLO'S GROUNDS
Lifestyle fashion guru Ralph Lauren, who became a billionaire stitching polo players onto the garments of middle-class shoppers, has expanded his clubby Carnegie Hill place.
Sources tell us the arbiter of argyle has just signed to buy a seven-room prewar co-op with a $7.2 million price tag, adjacent to his sprawling duplex apartment at 1107 Fifth Ave.
Sources say he will incorporate the three-bedroom, four-bath apartment - with several rooms overlooking the Central Park reservoir - into his present 8,000-square-foot residence.
Listing agents Kyle Blackmon and Amanda Young of Brown Harris Stevens had no comment about the transaction.
Long before Bronx-born Ralph changed his name from Lifshitz to Lauren, it was cereal heiress Marjorie Merriweather Post and her second husband (out of four), E.F. Hutton, who owned the original 54-room triplex penthouse in 1107 Fifth, a 14-story building completed in 1925.
The Huttons had first owned a large townhouse on that land - which Marjorie had purchased from the Burden family several years earlier. They then sold the house to a developer with the agreement that it would be razed to make way for the apartment building, in which they'd get the top three floors.
The ridiculously rich Marjorie Post Hutton had the interiors of the original Burden mansion fitted into their new penthouse.
Lauren's home collection also includes a 13,000-acre ranch in Colorado, a 240-acre estate in Bedford and homes in Jamaica and East Hampton.
David Byrne's next song could be titled "Bidding down the House," after the former Talking Heads frontman sold his Greenwich Village townhouse for slightly less than his asking price of $5.9 million.
Located on tree-lined West 12th Street, a few doors down from the house that Meryl Streep is attempting to unload for $12 million, the elevatored five-story 1850s place, of just over 6,000 square feet, has five bedrooms, three bathrooms, two half-baths and several fireplaces. Byrne bought the house in 1990 for $1.25 million. Agents Rise Cale, Jan Hashey and Leslie Mason of Douglas Elliman did not return calls.
Mike Piazza is selling his Gramercy Park penthouse palazzo. The Mets slugger listed his duplex condo on East 18th Street for $2.649 million, after buying a place in TriBeCa. The listing - conveniently linked by esteemed Web site Curbed.com - describes the manly two-bedroom bachelor pad as having a professionally designed screening room and a setback terrace. Broker Louise Devlin of Brown Harris Stevens had no comment.
Copyright 2004 NYP Holdings, Inc.