Real Estate

HGTV founder buys $12.7M NYC condo on Billionaires’ Row

The founding father of the HGTV community, Kenneth Lowe, simply scored a luxurious New York Metropolis condominium on Billionaires’ Row for a whopping $12.7 million in an all-cash deal — and it doesn’t seem he’ll want any residence renovations. 

Lowe and his spouse, Julia, bought the three-bedroom, 3½-bathroom residence within the One57 tower at $1.5 million beneath the $14.2 million asking worth, the Actual Deal reported

One57 was newly accomplished in 2014 and is made up of 94 models that sit on high of the Park Hyatt Resort. 

Upon entry is an expansive lobby that results in a nook nice room that boasts an open ground plan. The area contains residing and eating areas and options ceilings virtually 12 toes excessive with panoramic, picturesque Central Park views, in response to the itemizing. 

One57 luxury high rise at 157 W 57th St.
The One57 tower at 157 W. 57th St.
Stefano Giovannini
The foyer.
The lobby
The condo boasts an expansive open floor plan with 12 feet floor-to-ceiling windows.
The condominium boasts an expansive open ground plan with 12-foot, floor-to-ceiling home windows.
The condo boasts panoramic city and park views.
The condominium boasts panoramic metropolis and park views.
The living space.
The residing area

The uniquely designed eat-in kitchen by Smallbone of Devizes options customized, hand-painted white cabinetry and an built-in top-of-the-line equipment package deal by Miele and Sub-Zero. 

Drenched in daylight, the first suite is located on the northeast nook of the constructing with idyllic park views. The ensuite toilet comes with a deep soaking tub and separate water closet, in addition to a walk-in steam bathe.

The eat-in chefs kitchen with top-of-the-line appliances.
The eat-in chef’s kitchen with top-of-the-line home equipment.
The formal dining area in the great room.
The formal eating space within the nice room.
The primary ensuite bedroom.
The first ensuite bed room.
One of four bathrooms.
Considered one of 4 bogs

Spanning greater than 3,220 sq. toes, the condominium additionally options heated flooring all through. 

Constructing facilities embrace a pool, health heart, library and entry to the Park Hyatt’s spa.

Designed by French architect Christian de Portzamparc, the constructing was as soon as thought of the crown jewel of Billionaires’ Row. Upon its completion, the founder and CEO of Dell Applied sciences, Michael Dell, bought a penthouse within the constructing for a document $100.5 million. 

However after New York’s highest court docket dominated in favor of Mayor Invoice de Blasio’s deliberate homeless shelter subsequent door, the constructing has gone down considerably in worth. 

“I believe individuals are going to promote and go away,” Erjon Pellumba, a neighborhood resident of 20 years and the dad of two younger children, advised The Put up. 

“We hear what goes on at different locations — like preventing and drug use, and we don’t need it right here.”

A superintendent of a constructing adjoining the positioning of the deliberate shelter for 150 males added, “Everyone I discuss to — no person is completely happy.

“You would possibly see individuals peeing outdoors. It’s simply not going to be good,” the tremendous mentioned. “Even now, I’m seeing individuals sleeping on the sidewalk. They’re drunk. That is going to make it even worse.”

Lowe, 70, based HGTV in 1994, when he was an govt with E.W. Scripps. 

Noble Black of Douglas Elliman held the itemizing. 

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