After 30 years, Martha has sold her Hamptons residence on Lily Pond Lane. Otherbig recent deals include the $18 billion acquisition of GE's real estate assets and the purchase of Stuyvesant Town / Peter Cooper Village, an 80 acre property with 11,200 units in Manhattan. [31] This donation also established the Basser Global Prize,[32] honoring cutting-edge cancer research. WebJonathan (Jon) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstones Board of Directors. They split their time between Lasata, the East Hampton compound that became famous for its connection to Onassis, and their Manhattan family home, which stood on the plot where the famed Carlyle Hotel is today. We've received your submission. Listen to the episode here. Spending youthful summers at my family home in Montauk is where I felt most serene, Ms. Hochberg wrote in an essay for The Purist, a website founded by Cristina Cuomo where Ms. Hochberg works as an executive sales director, according to her LinkedIn profile. After 30 years, Martha has sold her Hamptons residence on Lily Pond Lane. Last year alone, the division sold $24.5 billion in property and made $20 billion worth of new investments. The Grays donated $25million to create the Basser Research Center, which focuses on cancer prevention, treatment, and research of BRCA-related, genetically-inherited cancers. Surf Lodge has nothing to do with it.. Jonathan Adler and Simon Doonans art- and design-filled summer home is a place for both creativity and downtime. (When she and her husband bought the property, she was working as a digital product manager for The Times, a role on the business side of the organization. Outside the Berman-Schechters house, shortly after noon, a purple moving van was loaded up. Mr. Davis did not respond to emails and voice mail messages requesting comment. Though its silver screen debut thrust Grey Gardens into the spotlight, the home has been the subject of rumors and gossip since before it was even built. [15], In February 2018, it was announced that Gray would become president and chief operating officer of Blackstone, replacing Hamilton "Tony" James. If you pull off the narrow two-lane Montauk Highway in East Hampton in the direction of the Maidstonethe country's ritziest, most exclusive cluband make a few right turns until you find yourself under a canopy of majestic trees, you'll eventually arrive at an unsuspecting American icon: Grey Gardens. Her stay was uneventful for the first several weeks, with a key exception. Two years after purchasing the lot at 3 West End Road in 1895, F. Stanhope Phillips and his wife, newspaper heiress Margaret Bagg Phillips, commissioned renowned architect Joseph Greenleaf Thorpe to build their dream home. In the intervening decades, Grey Gardens has been relentlessly mined as a source of inspiration. In 2017, she began working as the partnerships and wellness director at Surf Lodge, a nightclub founded in 2007 by the Brazilian-born entrepreneur Jayma Cardoso. In the early 1920s Phelan and Edith purchased the Grey Gardens mansion located at the corner of Lily Pond Lane and West End Road in East Hampton, Long Island. After 30 years, Martha has sold her Hamptons residence on Lily Pond Lane. Several days before Ms. Hochberg was scheduled to move out, according to Ms. Berman-Schechter, her father, who was listed on the lease as an occupant of the house, called and asked that his daughter be able to stay. Ms. Hochberg had asked to stay the entire summer, said Ms. Berman-Schechter, who replied that it wasnt possible. Big Edie quickly fell in love with Grey Gardens, which allowed her to enjoy a more relaxed and independent lifestyle. There are a few viable theories that attempt to understand them (some of the most compelling being black mold and toxoplasmosis), but it's all armchair theorizing, and we'll never really know what drove the "promising young women" of yesteryear to such unexpected circumstances (but perhaps our desire to diagnose and label them as deviant is more worthy of investigation). Also that afternoon, a representative of the property group that manages the Oriana, the Manhattan apartment building, said that the group would not comment. Big Edie on her wedding day (left) and Little Edie posing in a white gown (right). In private equity, firms like KKR, Carlyle, Apollo Global and Ares have all announced or set the stage for a second generation of leadership. As the conflict between Ms. Hochberg and the Berman-Schechters intensified, people started to gossip. Take a look inside the singled cottage she bought, renovated, and furnished in the 1990s. A month ago, JPMorgan named two co-presidents and co-COO's, sharpening its succession plans for when CEO Jamie Dimon steps down. The East Hampton home known as Grey Gardens is on the market for $19.995 million. In that deal, Gray threaded the needle of fraught New York City politics and the scar tissue from Stuy Town's bankruptcy after a 2007 LBO. After the crisis, Gray's unit oversaw the creation of Invitation Homes, the nation's largest single family home rental firm, which now carries a market cap exceeding $11 billion. Martha Stewart's Hamptons House Tour Photos. Marisa Hochberg at a Wing event last year. Jonathan Adler and Simon Doonans House on Shelter Island. It is her life, her matter. In 2018, he gave $23 million, ranking #49 on Forbes' America's Top 50 Givers. She and her mother, Big Edie close relatives of Jackie Kennedy were the unlikely stars of Grey Gardens, a 1976 fly-on-the-wall documentary directed by Albert and David Maysles, and an instant cult classic. He then quoted her fathers words on one of Ms. Hochbergs Instagram posts. She soon began spending all of her summers and most weekends there with the family. Mr. Killoran, who represented Mr. Ricottas landlord, said that the case had been settled this week. Lois Wright attending the premier of HBOs Grey Gardens (2009). He became co-head of the real estate group in 2005 and global head of real estate in 2011,[6] overseeing a portfolio of hotel, office, retail, industrial, and residential properties in the U.S., Europe, and Asia. Standing in the front yard, I could hear the ghost of Little Edie, delivering her deranged fashion advice in that posh Kennedy-esque accent: This is the best thing to wear for today, you understand. The Prettiest Pink Flowering Trees for Your Yard, Use Vinegar to Clean Every Room in Your Home, Julianne Hough's Abs Are Fierce In A Naked Dress. The mansion of Edith Bouvier Beale at West End Road in East Hampton, Long Island known as Grey Gardens, July 23, 1972. The lighting designer, Davis Mackiernan, installed very delicate downlights above the porch and in each of the dormer windows, so the house glows in the evening, says designer Jack Ceglic. On June 12, Ms. Hochberg posted a picture of herself on Instagram standing underneath a Japanese dogwood tree in the Berman-Schechters garden. Today, Grey Gardens is widely celebrated as a revolutionary predecessor for reality television. In the early 1920s Phelan and Edith purchased the Grey Gardens mansion located at the corner of Lily Pond Lane and West End Road in East Hampton, Long Island. This summer, Ms. Berman-Schechter rented the house to a wellness professional and aspirational influencer from the New York area named Marisa Hochberg. 'Little' Edith Bouvier Beale, left, a cousin of Jacqueline Kennedy Onassis, at home with her mother, 'Big Edie,' in Grey Gardens, a run-down mansion in East Hampton, New York, 1975. In those years, you had two choices: You were either into disco or punk. Jonathan Gray built Blackstone's powerhouse $115 billion real estate business. WebJonathan (Jon) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstones Board of Directors. This beach house that architect Jonathan Marvel designed for clients along a lesser-known stretch of Great Peconic Bay is the essence of modernism, boasting sleek lines, a copper roof, and idiosyncratic fenestration. [citation needed] In 2019, the Grays announced a $10 million gift to support first-generation, low-income students attending the University of Pennsylvania. Whenever I arrived, I felt like I had really escaped to a place where I could be myself. In an interview about weight loss with Yahoo.com five years ago, she said, Montauk was, in some strange way, like my support system.. [42], In 1995, Gray married Mindy Basser at Temple Beth Zion Israel in Philadelphia; the ceremony was officiated by Rabbi Ira F. Cheryl Berman-Schechter, 50, has been going to Montauk, the hamlet on the eastern tip of Long Island, since the early 1990s. WebWe have 778 luxury homes for sale in The Hamptons, and 40,552 homes in all of New York. This is probably a dumb question bc you just built the house but you arent looking to sell by any chance. Bradlee was allergic to cats and walked out choking within minutes (they found 52 dead feral cats around the property), so Quinn ventured in on the balmy August afternoon alone. Last year, the firm sold Logicor for $14 billion in its biggest-ever real estate sale. A prospective buyer for the home is scheduled to fly to the Hamptons this weekend for a tour, according to Schultz. Quinn is now selling the home, listing it for $17.9 million with Corcoran. Each sale listing includes detailed descriptions, photos, amenities and neighborhood information for The Hamptons. But there are no glam shopping trips to Barneys or Bergdorf Goodman. She left in 2011.) Later that day, Ms. Hochberg responded to The Times, calling the story fake news. She did not answer follow-up questions about her extended summer. The landlord said no. Jonathan Adler and Simon Doonans art- and design-filled summer home is a place for both creativity and downtime. [43] He lives in Manhattan with his wife and their four daughters. It also gave heft to a new core investing platform that has a longer duration. Major John Vernou Bouvier Jr. spread the family mythology that they were descendants of French nobles, a fictional narrative likely propagated out of Gilded Age vanity. Big Edie was professionally trained as a singer and pianist but was discouraged from pursuing her talents professionally, and instead, urged to wed. By 1917, when Big Edie was 22, she married 36-year-old Phelan Beale Senior, a future law partner at her fathers firm. Hadley Mendelsohn is House Beautiful's senior design editor and the co-host and executive producer of the podcast Dark House. WebJonathan D. Gray (born February 4, 1970) is an American billionaire businessman and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. The 1.2-acre property, which feels much larger thanks in part to neighboring protected fields, includes a toolshed turned studio, a pool house, a gym, and a barn-cum-guest house. [9], Gray was named in Fortune's "40 under 40,"[10] in 2009. Later she sent a New York Post article about moneyed tenants who had taken advantage of the law. Jonathan Adler and Simon Doonans House on Shelter Island. It seemed upset. Even though Grey Gardens passed its inspection, the conditions were once again bleak, which is evident in the movie. Gray was born in Highland Park, Illinois to a Jewish family. With a shingled exterior, sage green shutters, diamond-cut Arts & Crafts-style windows, and lush grounds, you may recognize Grey Gardens from its namesake 1975 documentary film, which features the estate at the time when it was veiled in layers of grime and littered with raccoon skullsor, perhaps this is your first introduction to the national treasure. When you leave the house, theres a big vista of the pool, then a big vista of the vegetable garden, then a big vista back to the house, he says, Its like a DNA helix, or a nautilus, expanding with each new space. The 1.2-acre property, which feels much larger thanks in part to neighboring protected fields, includes a toolshed turned studio, a pool house, a gym, and a barn-cum-guest house. It'd just be another house, or worse, a copy of another house." Her own mother died in 1940, and in 1946, Phelan Sr. made their divorce official through a telegram, after which she received child support and sole ownership of Grey Gardens but no alimony. But what if that harbor is on the fancier side? Occupied at the time by high-society dropouts "Big Edie" and "Little Edie" Bealeaunt and cousin of Jacqueline Kennedy Onassisand their 52 cats, the dilapidated mansion came dangerously close to demolition. Quinn and Bradlees restoration included scraping the walls down to the original paint color in order to match it and meeting with the designer of the homes original garden, known as Little Grey Garden By the Sea. It seemed like such a headache that Quinn's friends and loved ones even staged an intervention, but she was determined. The lush grounds throughout were conceived by famed landscape designer Edwina von Gal in concert with Ceglic and Fernandez-Casteleiro. It would be a lot easier and cheaper to rebuild,'" Quinn recalls. The 1.2-acre property, which feels much larger thanks in part to neighboring protected fields, includes a toolshed turned studio, a pool house, a gym, and a barn-cum-guest house. The full story of Grey Gardens is featured in season 2, episode 5 of House Beautifuls haunted house podcast, .css-1qproo8{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:#40699f;text-underline-offset:0.25rem;color:inherit;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;background-image:linear-gradient( to bottom, rgba(156,181,215,.2), rgba(156,181,215,.2));-webkit-background-position:0 100%;background-position:0 100%;background-repeat:repeat-x;-webkit-background-size:0 0;background-size:0 0;padding-top:0.05rem;padding-bottom:0.05rem;}.css-1qproo8:hover{color:#000000;text-decoration-color:border-link-body-hover;-webkit-background-size:0.625rem 3.125rem;background-size:0.625rem 3.125rem;}Dark House. His fortune has jumped more than 50% this year to $5.9 billion. [39] Gray serves on the board of The Trinity School, as well as on the board of Harlem Village Academies,[40] a group of charter schools in New York City. Upon introducing the Maysles brothers to Big and Little Edie at Grey Gardens, they started filming immediately. Jonathan Gray started at asset manager Blackstone Group fresh out of college in 1992 and later rose to head the firm's vaunted real estate group. Grey Gardens pictured in the early 1900s during the Hill ownership. A meticulous renovation vanquished the vermin and brought Grey Gardens back to life. She did not run a background check that could have revealed an eviction case filed against Ms. Hochberg by River Tower Owner LLC, the corporation that owns the Oriana, a luxury high-rise in Manhattan. Ultimately it panned out, leading to an over $10 billion profit. Meanwhile, James will take on more responsibility at the board level as executive vice chair. The tenants his clients were fighting do have money, they do have jobs, and they choose not to pay the rent, he said. A spokeswoman at his real estate firm, Nest Seekers, declined to comment. Anytime you have a law, theres going to be some bad people who take advantage of it, but there are so many thousands maybe millions in New York State who will be helped by the Safe Harbor Act, she said, emphasizing that the protection only extended to January 1. in English from the School of Arts & Sciences and a B.S. Turn on desktop notifications for breaking stories about interest? Big Edie had a lover named Gould Strong during the '40s, who was a musician and likely lived (at least part-time) at the mansion, but they parted ways by the early 1950s. The Surf Lodge, a nightclub in Montauk, N.Y. Thanks for contacting us. [1] He is also chairman of Hilton Worldwide.[2]. Gray will replace longtime president Tony James, who will become executivevice chairman and continuewith a full-time role. Added James, also a billionaire, "One of my most important responsibilities is succession, and I am blessed to have a spectacular leader and investor like Jon Gray to whom I can hand the reins.". Well, not quite alone. Beard connected her with filmmakers David and Al Maysles, who released the hit about the Rolling Stones, Gimme Shelter, in 1970, to help bring it to life. I honestly dont have a great answer, Ms. Berman-Schechter said when asked why she was not more concerned then. [34], In May 2017, the Grays announced they would be donating $21million to the Basser Center for BRCA at the University of Pennsylvania, bringing their total pledges to the initiative to $55million. Regardless of why Grey Gardens lost its gilded luster, life went on as usual for a few years after the film wrapped production. Links: www.bloomberg.com 12,388 views Unrated Categories Buildings > Residential Comments Policies Please log in if you don't want to post anonymously (anonymous users cannot She did not aggressively pursue the missing rent. It also bundled logistics and warehouse assets together, building Logicor the largest logistics and distribution company in Europe. Nothing is hidden, and on display are pieces of artwork from homeowner Jonathan Sheffers collection, including pieces by Elliott Puckette, James Rosenquist, Nick Zdon, Beverly Pepper, and Billy Sullivan. Hes speaking of his recently completed two-year restoration of a 19th-century shingled house near the ocean in Sagaponack, New York, one of the quieteralbeit most sought-afterHamptons hamlets. Little Edie didnt want to sell the home to anyone who was going to demolish it, so she stayed there, traveling to Manhattan for work, and even starring in her own cabaret show before moving to California, then Canada, and finally to Bal Harbour, Florida, where she passed away at 84 in 2002. [5] He was elected Phi Beta Kappa. Now Gray,worth $2.6 billion according to Forbes' Real Time Net Worth Rankings, is shedding his real estate dealmaking cloth after building an industry heavyweight. Early in her career, Ms. Hochberg worked on a series of wellness events in the Hamptons and Montauk for corporate clients. Once she graduated in the mid-1930s, Little Edie was presented as a debutante at the Pierre Hotel's ball along with other young women from wealthy and prominent families. Of course, with fame comes public scrutiny and attention, so to this day, many fans wonder what exactly caused the women to succumb to this lifestyle, aside from sheer eccentricity. succeeded, a contrast to competitors' troubles withCaesars and Archstone. WebJonathan Gray's House Sagaponack , New York (NY) , US Gray runs Blackstone's real estate business and is the latest billionaire to emerge from the worlds largest manager of private equity and property. It had an abandoned quality to it, likely because the women sold some furniture and lived exclusively on the upper floor. Location: Grey Gardens, 3 West End Road, East Hampton; listed for $17.9 million via Michael Schultz at Corcoran, 917-882-8338 The Maysles brother, David and Al, on set. Shot in a minimalist style sans soundtrack, voiceover narration, reenactments, or staged interviews, it feels raw and honest, even voyeuristic and invasive. [7], Gray led Blackstone's LBO of Hilton Hotels, which became the most profitable private equity real estate deal ever, earning $14 billion for the firm's investors. Ms. Hochberg said in a text message that her family has owned property in Montauk for 35 years. [6][16], Gray was scheduled to speak at the November 2022 Global Financial Leaders' Investment Summit, with the Hong Kong Democracy Council claiming that his presence, along with other financial executives, legitimizes the Hong Kong government's whitewashing of the erosion of freedoms in the city. Quinn and Bradlee, who passed away in 2014 at the age of 93, purchased the roughly 6,000-square-foot home in 1979 from Little Edie Beale, a cousin of Onassis. White spray shot up from the Long Island Sound, visible from the Montauk highway. In one of her books about her time there, Wright wrote, "Grey Gardens started to deteriorate. WebJonathan Gray's House Sagaponack , New York (NY) , US Gray runs Blackstone's real estate business and is the latest billionaire to emerge from the worlds largest manager of private equity and property. Beale and her mother, Big Edie Bouvier Beale, famously lived together in the home on West End Road. [27], In February 2023, the Grays were named to The Chronicle of Philanthropys list of the 50 biggest donors in 2022. The Berman-Schechters are far from the only landlords who have had trouble getting short-term tenants to pay rent or leave their rentals during the pandemic. They put her picture up and wrote all kinds of crazy things. He called the Berman-Schechters nasty and vengeful and said that they were trying to harass his family for money.
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