Designer Stefano Gabbana passes on $60M Mark Hotel penthouse

The mogul is continuing to hunt above 57th Street for a ritzy retreat

TRD New York /
Aug.August 10, 2014 05:00 PM

Fashion mogul Stefano Gabbana is still on the prowl for a new apartment far away from his former design partner Domenico Dolce’s Chelsea abode. Most recently, Gabbana was close to reaching a deal for the $60 million penthouse at the Mark Hotel.

Sources told the New York Post that the designer decided against the purchase because of a land lease issue that made the transaction overly complicated. Gabbana is reportedly only looking above 57th Street, so he can be far away from his partner, Dolce, who lives in Chelsea’s Sky Garage tower – he paid $29 million for that property in 2009.

“Stefano has been searching for an apartment in New York this year,” the source said. “He was looking at apartments in the range of $60 million, but nothing south of 57th Street.”

Before having a falling out the billionaire design duo landed in hot water in Italy for allegedly dodging $1.38 billion in taxes. [NYP]Christopher Cameron


Related Articles

arrow_forward_ios
From left: Milos Raonic, Venus Williams, Serena Williams and Novak Djokovic (Credit: Getty Images)

Luxury real estate anyone? US Open stars and their palatial pads

Lena Dunham and 60 Broadway (Credit: Getty Images)

Lena Dunham’s “massive real estate mistake”

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

Meryl Streep and 92 Laight Street (Credit: Getty Images and Google Maps)

Meryl Streep parts with Tribeca PH for $15.8M

Zayn Malik and the penthouse at 57 Greene Street (Credit: Getty Images and StreetEasy)

Zayn Malik sells Soho penthouse at a loss

Bruce Willis and the property at 340 Croton Lake Road (Credit: Getty Images and Douglas Elliman)

Bruce Willis sells Westchester estate for $7.66M

1068 North Old Steese Highway and 3660 Regius Avenue (Credit: iStock)

Yes, these North Pole houses really are for sale

Sebastian Bear-McClard and Emily Ratajkowski with 49 Bleecker Street (Credit: Getty Images and Google Maps)

Emily Ratajkowski and husband got paid to leave NYC pad

arrow_forward_ios
Loading...