Former Honeywell exec drops $15M on Fisher Island condo

Other buyers at the Palazzo Del Sol include former Hasbro CEO Alan Hassenfeld and former Formula One driver Enrique Bernoldi
By Keith Larsen | April 30, 2019 12:30PM

G. Peter D’Aloia and Palazzo Del Sol

G. Peter D’Aloia and Palazzo Del Sol

UPDATED, May 1, 5:58 p.m. A former Honeywell and American Standard Companies executive bought a penthouse at Palazzo Del Sol in Fisher Island for $14.5 million.

PDS Development, led by Heinrich Von Hanau, sold unit 7091, a five-bedroom, 7,630-square-foot condo at 7901 Fisher Island Drive, to G. Peter D’Aloia, records show. D’Aloia paid more than $1,900 per square foot for the unit.

D’Aloia was the former senior vice president and CFO of American Standard Companies, a global manufacturer of plumbing, heating, ventilating and air conditioning now owned by Ingersoll Rand and known as Trane. Prior to that, he was an executive at Honeywell, a company providing commercial and consumer products, engineering services and aerospace services.

Other residents at the luxury development include billionaire and former Hasbro CEO Alan Hassenfeld, Yard House founder and CEO Steele Platt, and former Formula One driver Enrique Bernoldi. There are four units that remain unsold, according to a spokesperson for the development.

The 10-story Palazzo Del Sol has 43 units and sits on the ritzy Fisher Island, which is consistently ranked as America’s wealthiest zip code The island can only be reached by ferry, boat or helicopter.

In December, PDS Development secured a $50 million bridge loan to finance its two luxury Fisher Island condominium projects. The 50-unit Palazzo Della Luna is currently under construction and expected to be delivered later this year.

Palazzo Del Sol was completed in 2016 as the first condominium project to be built on the island since 2007. The tower was designed by Kobi Karp, with landscaping by Enzo Enea.

Correction: A previous version of this story incorrectly stated the square footage and price per square foot of the unit based on information from the property appraiser.