Hedge funder spends $75M on Westchester manse

Hedge funder David Shaw, the founder of the D.E. Shaw Group, and his writer wife, Beth Kobliner, are building a $75 million hillside home in the suburbs. The New York Post reported that the manse, which is going up in Hastings-on-Hudson, will have views of the Hudson River and the Palisades, and will measure 38,000 square feet.

The estate will occupy the site of five previous estate homes — the approval process to demolish the existing homes took several years, the Post said. Shaw and Kobliner’s four-bedroom home, designed by Stephen Holl Architects, will rise one story and a half. It will have exercise rooms, an indoor swimming pool, “a babysitter room” and a 3,179-square-foot underground garage.

Sign Up for the undefined Newsletter

As The Real Deal previously reported, home sales in Westchester County in the second quarter of this year jumped from the first quarter by 42.1 percent. [Post] — Zachary Kussin