Equinox CEO buys $15M pad at Zaha Hadid-designed building

Harvey Spevak closed last month on condo at 520 West 28th Street

TRD New York /
Nov.November 17, 2017 02:15 PM

Equinox CEO Harvey Spevak is moving just a little bit closer to the forthcoming Equinox-branded hotel in Hudson Yards.

The fitness center chief — who currently owns an apartment in Midtown — plunked down $15.3 million for a five-bedroom condominium at Related’s 520 West 28th Street, the 39-unit building on the High Line designed by Zaha Hadid. Spevak went into contract on the unit in 2015, when Related listed the apartment for $15.5 million. He closed last month, records show.

The 4,216-square-foot apartment has an 800-square-foot great room, along with five bedrooms and a 230-square-foot terrace. The purchase price works out to around $3,629 per square foot.

Spevak has been looking to sell his duplex at the Park Imperial at 230 West 56th Street for several years. He first listed it in 2011 for $12 million. In September, he put it back on the market for $7.5 million and it’s now asking $6.795 million. Records show that Spevak and his wife, Rhonda, paid $5.45 million for two units that they combined in 2008.

The Corcoran Group’s Cathy Franklin, Alexis Bodenheimer and Marion Smith have the listing.

Equinox is owned by Related, which started closings at 520 West 28th Street this past summer. So far, 23 units have closed and another several apartments are in contract, according to StreetEasy. The building’s penthouses — asking $50 million and $25 million — are on the market.

Related Articles

Related's Jamar Adams and Steve Ross with 14-06 Gateway Boulevard (Credit: Getty Images and Google Maps)

Related is the latest developer to target the Rockaways

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

Zaha Hadid and One Thousand Museum (Credit: Getty Images)

PHOTOS: Inside Zaha Hadid’s Miami tower

157 West 57th Street (Credit: iStock)

One57 condo with reduced ask tops a slow week of luxury contracts

Clockwise from top left: 730 Fifth Avenue, Unit #PH21; 730 Fifth Avenue, Unit #18A; The Pierre, Unit #3101; and The Park Imperial, Unit #64

Priciest homes listed last week include $60M pad at Crown Building

250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

56 Leonard Street (Credit: iStock)

He invested more than $130M into 4 Manhattan condos. Now he’s taking a hit