The Real Deal New York

Ross Stores’ Barbara Rentler bags $19M penthouse at Greenwich Lane

Discount chain CEO paid over $4,100 psf at Rudin, Global Holdings condo project

June 15, 2016 03:01PM
By E.B. Solomont

Greenwich Lane Barbara Rentler

Greenwich Lane at 150 West 12th Street (inset: Barbara Rentler)

Ross Stores’ Barbara Rentler may want customers to Dress for Less, but the discount chain’s CEO paid a premium for her new $19.1 million penthouse at the Greenwich Lane.

The retail chief — whose company operates off-price brands Ross Dress for Less and dd’s DISCOUNTS — scooped up the duplex pad at 150 West 12th Street for $4,119 per foot, according to city property records.

The West Village condominium project, on the site of the former St. Vincent’s Hospital, is being developed by Rudin Management and Global Holdings’ Eyal Ofer. Rentler’s apartment was asking $18.75 million, or just over $4,000 per foot, according to the Corcoran Group’s listing.

Property records show that a corporation dubbed Lincoln Walker Owner LLC closed on the luxe penthouse earlier this month. The LLC owns an apartment at 40-50 East 10th Street, which Rentler and husband James Tighe reportedly purchased in 2009 for $4.3 million.

The couples’ new digs measure 4,636 square feet and has three bedrooms, 3.5 baths and a nearly 800-square-foot private rooftop terrace.

Neighbors include Peter Barbey, the new owner of the Village Voice, who paid $26 million for his pad earlier this year, and actor Michael C. Hall, who recently listed his $4.3 million pad for rent. A $45 million penthouse at 155 West 11th Street, the priciest apartment at the development, is reportedly under contract.

Rentler joined Ross, the parent company of Ross Dress for Less, in 2014, becoming the 24th woman to be CEO of a Fortune 500 company. She earned $10.2 million in fiscal year 2015, according to Bloomberg BusinessWeek.

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