Investment honcho pays $14M for condo at The Bristol

Roger Hertog co-founded investment firm Sanford C. Bernstein & Co., which later became AllianceBernstein

Jan.January 02, 2020 11:30 AM
Roger Hertog and The Bristol in West Palm Beach (Credit: Getty Images)

Roger Hertog and The Bristol in West Palm Beach (Credit: Getty Images)

After selling their Palm Beach mansion to hedge funder Ken Griffin, Roger and Susan Hertog dropped $13.25 million for a unit at The Bristol in West Palm Beach.

Roger Hertog co-founded the investment firm Sanford C. Bernstein & Co., which later became AllianceBernstein. Hertog retired in 2006 but remains vice-chairman emeritus. He is a large donor to conservative and Jewish philanthropies. He is also the chairman emeritus of the think tank The Manhattan Institute and has served on the board of the American Enterprise Institute.

The Hertogs appear to be downsizing, after selling their Palm Beach estate at 10 Blossom Way to Griffin for $20.25 million in May 2018.

The couple also recently purchased an 86th-floor unit at the luxury condo development at 432 Park Avenue in New York City for $29.5 million.

Flagler Investors, led by Al Adelson and Gene Golub, developed The Bristol, a 25-story, 69-unit luxury tower at 1100 South Flagler Drive. Units range from 3,600 square feet to 14,000 square feet.

The project is the first new luxury condo building in West Palm Beach in the past decade.

Buyers include beauty mogul Sydell Miller, who closed on a full-floor penthouse for $42.6 million in March. In September, Miami developer James Harpel bought a unit at The Bristol for $7.9 million.

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