The Real Deal New York

Hedge funder spends $75M on Westchester manse

August 01, 2012 12:30PM

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.

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