Ken Griffin in contract for Calvin Klein’s Hamptons compound
Billionaire’s property portfolio includes the penthouse at 220 Central Park South, for which he dropped $238M
Billionaire Ken Griffin has added another property to his ever-expanding luxury portfolio.
The hedge funder, who famously dropped $238 million on a penthouse apartment at 220 Central Park South, is in contract to buy a compound in Southampton that belongs to Calvin Klein, according to the Wall Street Journal.
Klein purchased the original property at the site in 2003 for almost $30 million. The seller was Francesco Galesi, a real estate executive.
After a gut renovation, Klein decided to demolish the distinctive home and start from scratch. His modernist creation was “all about the views,” he said in a 2015 interview.
The home, which wasn’t officially on the market, could be worth as much as $100 million, sources told the Journal.
The deal is yet to close. When it does, it will add significant value to Griffin’s already enormous portfolio of luxury properties.
The Citadel founder and CEO owns properties in London, Los Angeles, Chicago and Miami. His recent $99 million purchase in Palm Beach brought his total investment in the area to $350 million. [WSJ] — Sylvia Varnham O’Regan