This real estate exec just snapped up a $38M West Chelsea penthouse

It looks like Howard Hughes Corporation CEO David Weinreb is the buyer of a $38 million penthouse at Scott Resnick’s 551 West 21st Street.

The penthouse spans roughly 6,400 square feet and is being delivered as a “white box,” the New York Post reported. The unit had initially been listed for $50 million, but sources told the Post that Weinreb could spend another $20 million or so building out the space. The apartment is already equipped with a rooftop terrace, which has a 61-foot pool.

Resnick filed plans for the 19-story condominium building in 2013, tapping Norman Foster as the project’s design architect.

Brown Harris Stevens Development Marketing’s Erin Boisson Aries handled sales and marketing for the building. Deborah Kern of Corcoran represented Weinreb.

Howard Hughes is in the process of building a large-scale commercial development in the South Street Seaport. In 2016, Weinreb noted that the development company is funding the project without outside construction loans. [NYP] — Kathryn Brenzel