Hedge funder spends $75M on Westchester manse

TRD New York /
Aug.August 01, 2012 12:30 PM

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


Related Article

arrow_forward_ios
Steve Croman and 566 Hudson Street (Credit: Google Maps, iStock)

Steve Croman sued over illegally deregulating apartments

Census tract 135 and Stellar Management's Larry Gluck (Credit: Getty Images and Stellar Management)

How a small stretch of land on the Far West Side became an Opportunity Zone

Crowdfunding platform launches $20M Opportunity Zone fund

Carrie Chiang (Photo by Guerin Blask)

The Closing: Carrie Chiang

From left:  145-07 156th Street,  182-09 149th Road, and 149-39 Guy R Brewer Blvd in Queens with Blackstone’s president Jonathan Gray

Sweeping industrial buy in Queens cost Blackstone at least $130M

Adam Neumann, WeWork's co-founder and CEO (Credit: Getty Images, iStock)

More like WeWait? Co-working giant to postpone IPO, report says

arrow_forward_ios