AVENUE ON THE BEACH August|September 2018 by AVENUE Magazine

Prost! VALERIE STEELE ON THE COLOR THAT WON’T FADE (HINT: IT’S NOT BLACK)

L’chaim! WILLIAM D. COHAN TOASTS THE GREAT RECESSION’S 10TH ANNIVERSARY

Salut! KELLY LAFFEY RAISES A GLASS WITH GABBY KARAN AND GIANPAOLO DE FELICE

on the beach

AM0818_Ralph Lauren_r0.indd 2

21/7/2018 11:43 PM

r a l p h l a u r e n . c o m / 5 0

AM0818_Ralph Lauren_r0.indd 3

21/7/2018 11:43 PM

AM0818_Moinian_r2.indd 1

8/1/18 5:14 PM

AM0818_Moinian_r2.indd 2

8/1/18 5:15 PM

ROGER ERICKSON PRESENTS

A WORLD ABOVE IT ALL

20 West 53rd Street, 44th Floor | This magniﬁcent, approx. 4,545sf, 4-bedroom, 4.5-bathroom condo in the Baccarat Hotel & Residences

sold for $17,500,000. Web# 2724813

J. ROGER ERICKSON Lic. Assoc. R. E. Broker O : 212.303.5353 M: 917.558.4477 roger.erickson@elliman.com

AM0818_Douglas Elliman Roger Erikson_r0.indd 2

26/7/2018 12:26 PM

110 Central Park South, 17ABC | Full-ï¬&#x201A;oor, approx. 5,000sf, 4-bedroom, 5.5-bathroom with private elevator landing, and gorgeous Central Park views. Offered at $11,995,000. Web# 3246024

elliman.com/newyorkcity OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

AM0818_Douglas Elliman Roger Erikson_r0.indd 3

26/7/2018 12:26 PM

AUGUST | SEPTEMBER 2018

CONTENTS VOL. 42 NO. 5

FEATURES THE GIFT OF GABBY

TEN YEARS AFTER What we learned, and what we didn’t, from the 2008 Wall Street debacle

by William D. Cohan illustrations by Matt Collins

by Kelly Laffey photographed by Luca Babini

G PA

Gabby Karan and husband Gianpaolo de Felice make magic and meatballs

e ley dg nt bri de i Be t + ha div w s t all rlo dle r-f Ha can me e m ak su m he t

Gianpaolo and Gabby Karan de Felice's restaurant empire is truckin’ along.

PAGE 66

PINK IS THE NEW PUNK As FIT gives it a show, here’s how to think about pink

by Valerie Steele photographs by Kevin Kinner

COLUMNS 34

DRINKS WITH DEBBIE

by Debbie Bancroft

Treasures from Wonderland

OBJECTS OF DESIRE

G PA

nd rla h’s de nt s. on o ct W is m bje in h o e s t of lic re p A spi ndu in ou r

A chat with Jay McInerney and Anne Hearst

by Wendy Sy

BEAUTY

Essentials for the dog days of summer

by Wendy Sy photographed by Jessica Nash

STATE OF THE ART

Thomas Ammann was a man apart

by Asher Edelman

TRENDSCAPE

Transitioning from summer to fall

by Kelly Laffey

nk nty Pi dai k. s hin a t ’t isn you as

GE PA

6 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

AM0818_Tourneau_r0.indd 1

19/7/2018 3:43 PM

C ON TE N TS ...COLUMNS

THE HAMPTONS LUXURY MARKET LEADER

by Wendy Sy

Tim Davis

Licensed A s sociate RE Broker Regional Brokerage Advisor Eas t End o 6 31.70 2 .9 211 | t g d a v i s @ c o r c o r a n .c o m

#1 H a m p t o n s A g e n t : T h e Wa l l S t r e e t J o u r n a l - J u n e 2 014 & 2 015

JEWELRY BOX

Christopher Walling on the significance of pearls

FOOD FOR THOUGHT

New dining options on both of our islands

by Beth Landman

SURREAL ESTATE

Why has the sun set on Sutton Place?

by Christopher Cameron

126

POSTCARD FROM . . .

Paris when it sizzles

by Nina Griscom

128

TRIPPING

Elegance in the shadow of Mount Kenya

by Anthony Lassman and Nota Bene Global

130

SOCIAL SAFARI

One Trump is beyond dispute

by R. Couri Hay

136

MS. DEMEANOR

Why can’t people just show up?

by Nina Griscom

DEPARTMENTS 19

ON THE AVENUE

Parties from the Parrish to the ASPCA

by Ben Diamond

ARTS CALENDAR

This month’s selection of arts and culture

by Daniel Metz

ON THE COVER

Gabby Karan and Gianpaolo de Felice photographed by Luca Babini. All clothing by Urban Zen.

37 years selling the Hamptons A histor y of achieving record sale prices for client s Consis tently ranked among the top 5 in produc tion of all Hamptons agent s

LETTERS TO THE EDITOR

AVENUE welcomes “Letters to the Editor” Please address to: Michael Gross 535 Fifth Avenue, 23rd Floor New York, NY 10017 mgross@manhattanmedia.com

AVENUE online

For the latest on people, parties and life in New York, visit avenuemagazine.com Real estate agents affiliated with The Corcoran Group are independent contractors and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker located at 88 Main Street, Southampton, NY 11968.

8 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

Like and follow us on @AVENUEinsider

JOB NO: 76232

LOGO CODE: Wempe Jewelers (1601)

You never actually own a Patek Philippe. You merely take care of it for the next generation.

Begin your own tradition.

Twenty˜4 Ref. 4910/11R

AM0818_Wempe_r0.indd 1 65012_A26_PATCOP_C1-1.indd 1

19/7/2018 3:30 PM 7/17/18 4:00 PM

L ET TER FROM T HE EDI T OR DEAR READERS, Ten years ago, I spent Labor Day weekend in Springs, finishing a book about the Metropolitan Museum of Art.

“THIS ISSUE IS DESIGNED TO BRIDGE THE GAP BETWEEN CITY AND COUNTRY LIFE.”

I came back to a city in crisis. As we planned this August/September issue, which is meant to bridge the gap between summer and the grand return to the city in September, I wanted to find stories that would summon up the ever narrower distance between city and country life, summer and fall, vacation and the quotidian lives most of us lead the rest of the year. Busy, buzzy Gabby Karan and Gianpaolo de Felice embody that with their Tutto il Giorno restaurants in both the city and the country, the urban-rural life their family leads, and the Italian country cooking they feed to city folk. Executive editor Kelly Laffey has penned a profile of the slightly screwball Nick-and-Nora-esque couple, and Luca Babini has taken special portraits of them. Let’s not dwell on the fact that their marriage also demonstrates that Americans and Europeans can get along. I first met William D. Cohan when I was promoting Rogues’ Gallery, the book I finished in Springs that year, and he was similarly touting House of Cards: A Tale of Hubris and Wretched Excess on Wall Street, his account of the collapse of Bear Stearns, one of the triggers for the Great Recession. Its collapse, early in 2008, was the first in the cascade of events that, just after Labor Day 2008, appeared to be a wake-up call for Main Street about the dangers presented by Wall Street. So I asked Cohan, whose latest book is Why Wall Street Matters, to look back at that painful moment and tell us what, if anything, has changed. His conclusions are anything but candy-colored. Rounding out our features this month is a meditation on that most candied of colors, pink, by Dr. Valerie Steele, director and chief curator of the Museum at the Fashion Institute of Technology, where she has organized the new exhibit “Pink: The History of a Punk, Pretty, Powerful Color,” opening on September 7, and authored an accompanying book with the same name. To illustrate her essay, we commissioned Kevin Kinner, an aspiring street photojournalist, to shoot New York in the pink. I’d also like to highlight our Ms. Demeanor columnist Nina Griscom’s meditation this month on the decline of the meaningful RSVP. It brought to mind the aria in Gilbert and Sullivan’s comic opera The Mikado, one of my childhood favorites, performed by Ko-Ko, Lord High Executioner of the town of Titipu: “I’ve got a little list, I’ve got a little list,” he sings, “of society offenders who might well be underground, and who never would be missed!” But surely, you’re not the sort to say yes and then not show up, are you? Michael Gross

NINO CAPRIOGLIO

Editor in Chief

10 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

Bespoke insurance for couture and more

Preserve the value of couture, designer and vintage garments and accessories with help from AIG Private Client Group. Look to us for comprehensive insurance coverage and access to experts who can help protect your wearable collections. For more information, please call 866-724-8034 or visit

aigprivateclient.com/avenue

AIG Private Client Group is a division of the member companies of American International Group, Inc. (AIG). Insurance and services provided by member companies of AIG. Coverage may not be available in all jurisdictions and is subject to actual policy language. For additional information, please visit our website at www.aig.com.

AM0918_AIG_r0.indd 1

30/7/2018 12:18 AM

Sunsets On The Waterfront Gary R. DePersia icensed s sociate Real E s t ate ro er m . . g d p corcor an.com

AM0818_Gary Depersia Spread_r0.indd 2

Southampton. Weekends will take on a new meaning when you own this 2 bedroom, 2 bath retreat with a dock poised on 1.3 acres with 300â&#x20AC;&#x2122; of waterfront on the Peconic Bay. Completely renovated several years ago, this beautiful 2,000 SF+/- traditional on two oors of li ing space features a sensi le oor plan with water iews from e ery room. The home is centered around the large li ing room with fireplace with doors that lead out to the expansive deck overlooking the waters of the Peconic Bay. Breakfast, lunch and dinners are prepared in the updated, fully equipped, eat in kitchen with adjacent laundry room. A separate den/media room leads to the new master bedroom suite on the far end of the house. A separate guest bedroom with adjacent sleep loft accessed by its own staircase is serviced by a separate full bath. Outside water vistas abound from an expansive deck. Verdant lawn runs down to the completely rebuilt dock with water and electric which will provide safe haven for a boat up to almost 30 ft. Start thinking about those sunsets today. For the complete picture check out myhamptonhomes.com/104306 Exclusive. $2.195M WEB# 104306

23/7/2018 7:06 PM

Curb Appeal Between Village and Beach East Hampton. Get used to people slowing down to get a look at the striking exteriors when you own this stunning new traditional south of the highway midway between East Hampton and Amagansett. Masterfully designed by acclaimed Hampton architect John Laffey, a 6,000 SF +/-, 6 bedroom residence sits comfortably on a beautifully coiffed acre awaiting its next owner to enjoy. Incredible attention to detail is e ident throughout as soaring ceilings and dar stained oa oors welcome all into a dou le height great room warmed y its own fireplace and drenched with light coming through a series of French doors that allow access to the sunset sited terrace outside. Adjacent is the comforta le media room with rea fast area and ample room for comforta le seating to watch the T . The large attracti e eat in itchen clad in clean, white tile, is fully equipped and is more than adequate to service the formal dining room, bolstered by an extensive butlerâ&#x20AC;&#x2122;s pantry with wet ar. The crown ewel of the first oor is the room master wing which includes a sitting room glamorous ath a pair of closets and sleeping cham er with fireplace. powder room mudroom with pool ath laundry rom pantry area and two car garage complete the first oor. pstairs another master suite with fireplace anchors an e pansi e second oor graced y wonderfully spaced edroom suites each with their own baths. Outside broad stone terracing overlooks a beautifully landscaped property that includes a sea of grass and colorful gardens surrounding the 40â&#x20AC;&#x2122; heated Gunite pool. With equal proximity to ocean beaches, village shopping and numerous restaurants, this exquisite offering, awaits your personal tour today. For the full story check out myhamptonhomes.com/32337 Exclusive. $5.25M WEB#32337

Real estate agents affiliated with The Corcoran Group are independent contractors and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate ro er located at adison e . ll listing phone num ers indicate listing agent direct line unless otherwise noted. ll information furnished regarding property for sale or rent or regarding financing is from sources deemed relia le ut Corcoran ma es no warranty or representation as to the accuracy thereof. ll property information is presented su ect to errors omissions price changes changed property conditions and withdrawal of the property from the mar et without notice. ll dimensions pro ided are appro imate. To o tain e act dimensions Corcoran ad ises you to hire a qualified architect or engineer.

AM0818_Gary Depersia Spread_r0.indd 3

23/7/2018 7:06 PM

PRISTINE 5-STORY TOWNHOUSE EDITOR IN CHIEF Michael Gross mgross@manhattanmedia.com CREATIVE DIRECTOR/MANAGING EDITOR Jessica Ju-Hyun Lee Ho jlee@manhattanmedia.com EXECUTIVE EDITOR Kelly Laffey klaffey@manhattanmedia.com SENIOR EDITORS Ben Diamond bdiamond@manhattanmedia.com Wendy Sy wsy@manhattanmedia.com EDITOR-AT-LARGE Sam Bolton CONTRIBUTING WRITERS Debbie Bancroft ■ Christopher Cameron ■ Asher Edelman Nina Griscom ■ Anthony Haden-Guest ■ R. Couri Hay Beth Landman ■ Anthony Lassman ■ Linda Marx CONTRIBUTING EDITOR Roger de Cabrol CONTRIBUTING PHOTOGRAPHERS EJ Camp ■ Billy Farrell ■ Ben Fink Shapiro Patrick McMullan ■ Nick Mele GROUP ART DIRECTOR Diana Herrera dherrera@manhattanmedia.com 54 East 80th Street | $9,995,000 | This spectacular, 18-ft wide, approx. 6,000sf 3-unit home can easily be converted to a single-family brownstone with over 7,300sf. It is situated on one of the most coveted blocks between Madison and Park Avenue. elliman.com/3313983

LAUREN MUSS Lic. Assoc. R. E. Broker O : 212.350.8000 M: 917.509.7777 lmuss@elliman.com 575 MADISON AVENUE, NY, NY 10022. 212.891.7000 © 2018 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

14 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

COPY EDITOR James Walsh FACT CHECKER Merv Keizer EDITORIAL INTERNS Ben Appel ■ Daniel Metz Avenue Media, LLC 535 Fifth Avenue, 23rd Floor, New York, NY 10017 Subscriptions are $100 in U.S., $150 overseas Tel: 212.268.8600 Fax: 212.268.0577 E-mail: avenue@manhattanmedia.com www.avenuemagazine.com

Member of:

The Windsor Park Residences TWELVE DISTINCTIVE RESIDENCES RESIDENCES REMAINING START AT LESS THAN $2 MILLION FURNISHED MODEL AVAILABLE FOR VIEWING RESIDENCES & HOMESITES • GOLF CLUB TENNIS • BEACH CLUB • EQUESTRIAN WINDSORFLORIDA.COM

AM0918_Windsor_r0.indd 1

1/8/2018 7:38 AM

T H E

F I E L D

T E A M

GLOBAL PORTFOLIO ADVISORS

THE PIERRE 795 FIFTH AVENUE

Apt 1602 | $22,500,000 | Co-excl

PRESIDENT Randi Schatz rschatz@manhattanmedia.com ASSOCIATE PUBLISHER Susan Feinman sfeinman@manhattanmedia.com HEAD OF SALES, HAMPTONS Dan Schock dschock@danshamptons.com HAMPTONS ADVERTISING SALES REPRESENTATIVES Maria Cable ■ Catherine Ellams ■ Jean Lynch Kathy Rae ■ Tom W. Ratcliffe III ACCOUNT DIRECTORS, FLORIDA, CARIBBEAN, LATIN AMERICA, GLOBAL TRAVEL Neil Strickland neil@globetm.com Claudio Dasilva claudio@globetm.com ACCOUNT DIRECTOR, MEXICO Maria Coyne mecoyne@mecoyneinc.com Ana Beatriz Fiorenzano Carpenter anabeatriz@thecarpentercompany.net SALES AND MARKETING COORDINATOR Anelle Cherkashina acherkashina@manhattanmedia.com SALES AND MARKETING ASSISTANT Alexandra Menowitz amenowitz@manhattanmedia.com DIRECTOR OF FINANCE AND OPERATIONS Shawn Scott sscott@manhattanmedia.com ACCOUNTS MANAGER Kathy Pollyea kpollyea@manhattanmedia.com CIRCULATION MANAGER Aaron Pollard apollard@manhattanmedia.com CHIEF TECHNOLOGY OFFICER Dennis Rodriguez drodriguez@manhattanmedia.com WEB DEVELOPER Santiago Cabrera scabrera@manhattanmedia.com |

manhattan media |

CHAIRMAN Richard Burns rburns@manhattanmedia.com NIKKI FIELD, KEVIN B. BROWN & E. HELEN MARCOS Associate Broker | 212.606.7669 | nikkifield.com

EAST SIDE MANHATTAN BROKERAGE | 38 East 61st St, NY, NY 10065 Operated by SIR, Inc. Real estate agents affiliated with SIR are independent contractor sales associates and are not employees of SoIR. Equal Housing Opportunity.

16 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

DIRECTOR OF FINANCE AND OPERATIONS Shawn Scott scott@isisventures.com DIRECTOR OF HUMAN RESOURCES Lauren Kaplan lkaplan@manhattanmedia.com

Featured Properties Presented By

Harald Grant & Bruce Grant HARALDGRANT.REALESTATE.COM

Meadow Lane Oceanfront Like No Other, Southampton Singular Southampton property on Meadow Lane offers a total of 14+ acres with 700+ ft. of direct oceanfront across three separate lots, plus an additional bay front lot.

Offered at $150,000,000

MEADOWLANEESTATE.COM

One-of-a-Kind Oceanfront and Dock, Southampton

On Meadow Lane offering 3.35± acres and 535± ft. waterfront in total, commanding unobstructed views of both the Atlantic Ocean and Shinnecock Bay. Complete with its own private dock and mooring.

Offered at $54,750,000

MEADOWLANEWATERFRONTESTATE.COM

Harald Grant, Associate Broker

harald.grant@sothebyshomes.com | 516.527.7712

Bruce Grant, Licensed Salesperson

bruce.grant@sothebyshomes.com | 516.840.7034

haraldgrantrealestate.com

Southampton Brokerage 50 Nugent Street | Southampton, New York | sothebyshomes.com/hamptons Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal Housing Opportunity.

AM0818_Sothebys Harad Grant_r0.indd 1

19/7/2018 3:44 PM

MAD collects THE FUTURE OF CRAFT PART 1

museum of arts and design 2 COLUMBUS CIRCLE, NYC | MADMUSEUM.ORG

AM0918_Museum of Art and Design_r0.indd 1

Bayne Peterson, Untitled, 2017. Photo by Jeffrey Sturges, courtesy Kristen Lorello, NY.

30/7/2018 12:24 AM

Men in black at Leonard Sternâ&#x20AC;&#x2122;s 80th Birthday

On the

BFA.COM

photographed by Patrick McMullan

O N THE AV E N U E by Ben Diamond

ONE GOOD STERN LEONARD STERN’S 80TH GOES FULL THROTTLE photographed by Patrick McMullan/PMc

FINANCIER LEONARD STERN may be 80, but he’s only just revving up. The awesome octo’s chopper-themed b-day had everything—Harleys, leather and Aby Rosen in a kilt. (Yes, you read that right.)

Peter Marino and Georgette Mosbacher

Dayssi and Paul Kanovas

Isabelle and Richard Feigen

Leonard and Allison Stern Bill Bratton and Rikki Klieman

The entertainment was top gear, too—Reba McEntire performed a special set for the birthday boy. Kathy Hilton and Somers Farkas

Rick Hilton and Karen LeFrak

Muffie Potter and Sherrell Aston Jerry Inzerillo and Allen Grubman

Ella Pepper, Danny Thimm, Max Stern, Sam Stamler and guest

Marilyn Berger, Christine Kuehbeck, Carl Bernstein and Maureen Reidy

Lauren Veronis and Jamie Niven Andrea Stern and Adrienne Vittadini

Beatrice Stern and Karl Wellner

Ray and Veronica Kelly

Dick Nye and Francesca Stanfill Nye

Jerry Della Femina and Judy Licht

Eddie Stern and Avery Stern

Ann and Keith Barish Samba dancer

Margo Nederlander and Katharina Otto-Bernstein

Robert Zimmerman

Dana Hammond and Patrick Stubgen Leon Black AUGUST | SEPTEMBER 2018 • AVENUE • AVENUE ON THE BEACH | 21

ON THE AV E N U E

Helping you dress to look your best with a wardrobe that reflects your personal style

Mai Hallingby, Bernard Carl and Cornelia Ercklentz

WILD, WILD COUNTRY

THE WILDLIFE RESCUE CENTER GETS WILD photographed by Rob Rich/SocietyAllure.com MAN, THAT MOST political of animals, celebrated all the rest of god’s creatures at the Evelyn Alexander Wildlife Rescue Center of the Hamptons’ annual GET WILD! Gala in June. It was a roaring good time!

÷What to keep, and omit, from your current wardrobe ÷Which colors and styles are most complementary for you ÷The core pieces you must have ÷Seasonal accents to keep your wardrobe fresh and on trend ÷Help shopping for daily wear or a special occasion ÷What to pack when traveling ÷Access to up and coming designers

Beth Stern Wilbur Ross and Hilary Geary Ross

Chuck Scarborough and Shelley Berkowski Joan Carl

22 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

N E W LY C O N S T R U C T E D O C E A N F R O N T E S TAT E East Hampton Village, New York | $26,950,000 | Located in prestigious Maidstone area on 2.5 acres, this approx. ,242sf, -bedroom, .5-bathroom, shingle-st le home features 5 ﬁreplaces, a 50-ft inﬁnit pool, spa, tennis, and a separate, beachfront bungalow. Web# H25276

BONNY AARONS

JANETTE GOODSTEIN

Lic. Assoc. R. E. Broker

O: 631.267.7369 M: 516.383.0333 bonny.aarons@elliman.com

O: 631.267.7317 M: 516.380.7341 janette.goodstein@elliman.com

OREN ALEXANDER

TAL ALEXANDER

Lic. Assoc. R. E. Broker

Lic. R. E. Salesperson

O: 212.350.8561 M: 305.610.4559 oren.alexander@elliman.com

O: 212.350.8541 M: 917.334.5501 tal.alexander@elliman.com

elliman.com

575 MADISON AVENUE, NY, NY 10022. 212.891.7000 © 2018 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

AM0818_DE Hamptons Corporate_r0.indd 1

19/7/2018 3:33 PM

ON THE AV E N U E

M an h att an’ s p re m i e re l a nd s c a p e d e s i g n- b ui l d f ir m

Sarah Bryden-Brown, Naomi Watts and Larissa Thomson

Est ab li s h e d & awa rd - w i nni ng ur b a n e x t e r i o r s p e c ia l is t

Ben Cummings

Tracy Anderson and Gabby Karan de Felice

De s i g n i n g , b u i ldi ng & m a i nt a i ni ng f o r o v e r 20 y e a r s

Jason Weinberg, Alina Cho and Doug Ford

HELP IS ONDA WAY

ONDA BEAUTY OPENS IN SAG HARBOR photographed by Séan Zanni

To w n a n d G a rd e n s , L t d . 212.685.6566 mail@towna ndga rdens.c om 24 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

CULT BEAUTY BRAND Onda opened its second brick-andmortar location in Sag Harbor with festive fanfare. Considering the brand boasts megastar Naomi Watts as an owner, it’s no wonder that the soiree had a little Tinseltown sparkle!

WAKE UP TO THE WONDERFUL SOUND OF THE OCEAN Montauk | $20,000,000 | This classic 4-bedroom, 3-full, and 2-half bathroom beach house is being offered for sale for the ﬁrst time in more than 50 years. Set on a private 2.8 acres with approximately 200 feet of oceanfront it features a main house, guest house, and pool house, plus pool and tennis court all overlooking the beautiful Atlantic Ocean. Web# H106358

PAUL BRENNAN Lic. Assoc. R.E. Broker Office: 631.537.4144 Mobile: 631.235.9611 pbrennan@elliman.com

elliman.com/hamptons

2488 MAIN ST, P.O. BOX 1251, BRIDGEHAMPTON, NY 11932. 631.537.5900 | © 2018 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

AM0818_Douglas Elliman Paul Brennan_r0.indd 1

19/7/2018 3:53 PM

O N THE AV E N U E

PARRISH THE THOUGHT ART AND COMMERCE MIX ON THE EAST END photographed by Matteo Prandoni/BFA.com

THE ART WORLD met the Hamptons scene at the Parrish Art Museum’s annual midsummer party. In tribute to honoree Keith Sonnier, it was a neon-soaked evening that saw guests in fuchsia, lime and orange.

Keith Sonnier

John Calicchio and Denise LeFrak Calicchio

“Art connects us to morality, and it’s never been more needed than today.”

Mary Snow

Terrie Sultan and Robert Wilson

Arne and Milly Glimcher

—Keith Sonnier

Laura Lofaro Freeman and Jim Freeman Chad Leat Sheree Hovsepian and Rashid Johnson Maureen Brille, Regina Glocker and Kathy Reilly

26 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

Move to what moves you

Halstead Agents are deal making, future building, and will get you there.

New York City

Hamptons

AM0818_Halstead Branding_r0.indd 1

Connecticut

New Jersey

Hudson Valley

19/7/2018 3:39 PM

ON THE AV E N U E

C H R I S T I A N A NG L E R E A L E S TAT E

TRUST | DEDICATION | PERSONAL COMMITMENT

Danny and Audrey Meyer, Christy MacLear and David Rockwell

MUNI MAGIC

THE MUNICIPAL ART SOCIETY CELEBRATES photographed by Vladimir Weinstein and the Municipal Art Society of New York NEW YORK CITY’S biggest fans gathered at 28 Liberty Street (formerly One Chase Manhattan Plaza) for the Municipal Art Society’s 125th anniversary gala. “It’s hard to not admire the city, isn’t it?” said MAS president Elizabeth Goldstein. “Civic beauty is worth fighting for.”

Las Ventanas, Palm Beach Gorgeous Venetian Villa with stunning ocean views, rich finishes, and exquisite design. Penthouse with 3BR/5.1BA, wine room, elevator, library, media room, gourmet chef’s kitchen, and 2 car garage. Fabulous outdoor living with loggias, balconies, and pool. With 7,700 +/- total square feet, this Penthouse lives like an elegant estate. Perfect In-Town location, just two blocks to Worth Avenue. Exclusive Offering C 561.629.3015

www.AngleRealEstate.com

T 561.659.6551

E cjangle@anglerealestate.com

Kathryn and Kenneth Chenault

Though information is assumed to be correct, offerings are subject to verification, errors, omissions, prior sale, and withdrawal without notice. All material herein is intended for informational purposes only and has been compiled from sources deemed reliable. Equal Housing Opportunity.

28 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

Debby and Rocco Landesman

Caroline Kennedy

Agnes Gund and John Waddell

Featured Properties Presented By

Beate V. Moore BEATEMOORE.COM

World Class Waterfront Estate, Water Mill South

| Exclusively Offered at $17,950,000

Stylishly Updated, Beach Chic Estate, East Hampton

| Offered at $12,500,000

Beate V. Moore

Associate Broker beate.moore@sothebyshomes.com 516.527.7868 beatemoore.com

Bridgehampton Brokerage 2446 Main Street, P.O. Box 1799 | Bridgehampton, New York | sothebyshomes.com/hamptons

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal Housing Opportunity.

AM0818_Sothebys Beate Moore.indd 1

19/7/2018 3:14 PM

ON THE AV E N U E

Robert Wilson and Isabella Rossellini

MILL TO BE WEIRD THE WATERMILL CENTER IS WILD AND WONDERFUL

photographed by Ryan Kobane and Neil Rasmus/BFA.com TIME BOMB, The Watermill Center's 25th annual benefit, was an avant-garden of earth delights. Society types bid on Lichtensteins, sidestepped active grave diggings and mingled with ram- and pig-masked performance artists.

Irina Krylova and Maximilian Eicke Campion and Tatiana Platt

Performance artist 30 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

Mary Snow and Joachim Bader

NOW UNDER CONSTRUCTION OCCUPANCY MID-2019

FIND YOUR PLACE BY THE SEA

A COLLECTION OF THIRTY EXCLUSIVE OCEANFRONT RESIDENCES Thirty light-filled residences crafted with the finest materials, private beach access and ultra-modern chef-caliber kitchen by Molteni&C Dada â&#x20AC;&#x201C; ready for occupancy mid-2019.

SALES GALLERY 205 South Ocean Blvd. Manalapan, FL 33462

Priced from $2.310 million.

3550SouthOcean.com 561.295.9515

Exclusive Sales & Marketing by Douglas Elliman Development Marketing THE COMPLETE OFFERING TERMS ARE IN A CPS-12 APPLICATION AVAILABLE FROM THE OFFEROR. FILE NO. CP17-0062. ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. OBTAIN THE PROPERTY REPORT REQUIRED BY FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, sex, religion, handicap, familial status or national origin.

AM0918_3550 South Ocean_r0.indd 1

30/7/2018 12:17 AM

ON THE AV E N U E

Barbara Witt, Lauren Marks, Emerette Robertson and Phill Witt

SCHOOL’S OUT FOR SUMMER! THE BELL RINGS FOR THE HETRICK-MARTIN INSTITUTE photographed by Carl Timpone/BFA.com LGBTQ CHARITY the Hetrick-Martin Institute held its 20th anniversary School’s Out. In a sea of snug white jeans, cropped pants, and dad denim, benefit cochairs Benjamin Dixon, Dan Ennis and Rod Grozier mingled with guests including The Affair star Dominic West.

Lisa and James Cohen

Fern Mallis

Martha Stewart Larry Milstein 32 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

Easton, Maryland

bluepointhospitality.com / @bluepointhospitality You cou ld u se a wee k end away.

Indulge on Maryland’s Eastern Shore Stroll down revitalized Federal Street and let your day evolve. Energize with morning coffee and mindful yoga, followed by cold-pressed watermelon juice & a seasonal salad. Peruse Easton’s renowned Academy Art Museum and many galleries or venture to neighboring St. Michaels’ Chesapeake Bay Maritime Museum. Take to the water on a sail or yacht charter. Wherever the wind blows you, be sure to make your way back to Federal Street for an elegant evening of high Austrian cuisine and exceptional single-malt scotch.

DRI NKS W I TH D E BBI E

WELCOME TO WYNTOON

CHATTING WITH ANNE HEARST AND JAY MCINERNEY AT THE FAMILY RANCH by Debbie Bancroft

n invitation from Anne Hearst and Jay McInerney—whether it’s dinner at Ashgrove Farm in Bridgehampton, a book party at their Village apartment, or a black-tie dinner dance at Hearst Castle—is always well received and happily accepted. The combination of Jay’s literary and oenophile prowess and Anne’s grace and hosting skills make their invites among the most coveted. Last month, I got to reminisce with Anne and Jay at Wyntoon, the Hearst family ranch in Northern California. Tucked away under the majestic (and potentially active) volcano of Mount Shasta in Siskiyou County, Wyntoon has quite the legendary history. In the early years of the twentieth century, William Randolph Hearst and his mother, Phoebe, built Wyntoon to resemble a Bavarian village, commissioning the guesthouses—named Angel, Cinderella, and Bear—to be painted with illustrations of fairy tales. Against this magical backdrop, JFK shocked the Hearsts, as well as his father, Joe, by swimming across the ice-cold McCloud River that runs through the property. WRH and his lover, the actress and comedienne Marion Davies, enjoyed their solitude at Wyntoon—she took up sewing, and he reportedly wrote her poems that he would slip under her door every night. Famous aviator Charles Lindbergh and silver screen legend Clark Gable visited, too. So here we were, in one of the most idyllic places on earth, to have (many) drinks with Debbie, and chat.

Q I guess it goes without saying that everyone wants to be on your invitation list. How do you like carrying the mantle of uber-hosts? Jay: I really like entertaining and bringing diverse people together. Does diversity ever rear up and bite you? Jay: Well, putting Roger Waters next to a Zionist was tricky. What were the more successful seatings? Jay: We put Roger next to Éric Rippert another night and they totally bonded.

34 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

Anne: We seated Candace Bushnell next to Jim Coleman almost a year ago. They’re still together. And my sister Patricia and Jamie Figg reconnected at Hearst Castle. I always try to seat single people together. So often you’ll go to a dinner and see the most eligible bachelor next to the married hostess. Really? Frankly, thoughtful seating is why single people come!

UNLIMITED EARTH CARE UNLIMITED EARTH CARE UNLIMITED EARTH CARE UNLIMITED EARTH CARE 25 YEARS OF ART IN LANDSCAPE UNLIMITED EARTH CARE 25 YEARS OF ARTUNLIMITED IN LANDSCAPE EARTH C

UNLIMITED EARTH CARE EARTH C UNLIMITED 25 YEARS OF ART IN LANDSCAPE 25 YEARS OF ART IN LANDSCAPE UNLIMITED EARTH CARE 25 YEARS OF ART IN LANDSCAPE OF ART ARTIN INLANDS LANDS 25 ART IN LANDSCAPE UNLIMITED CARE 25 YEARS YEARS OF OFEARTH ART 25 IN YEARS LANDSCAPE 25 YEARS OF

UNLIMITED EARTH CARE 25 OF LANDSCAPE UNLIMITED EARTH CARE 25YEARS YEARS OF ART ART IN IN LANDSCAPE 25 25YEARS YEARS OF OF ART ART IN IN LANDSCAPE LANDSCAPE

UNLIMITED CARE UNLIMITED EARTH CARE

25 25YEARS YEARS OF OF ART ART IN LANDSCAPE LANDSCAPE

LA N D S C A P E D E S I G N . . I NSSTTAALLLL A ATION N .. C O M PPLLEETTEE M AAI INNTTEENNAANNCCEE.. .GGAARRDD EE NNS S TO RE L LA CO OM MP MA TR O ANNDDSSCCAAPPEE DDEESSI IGGNN .. IIN N S T A L L A TT II O ON . C LETE M INTENANCE . GARDEN STO ER E . I NI S LD AN DA SC A PDEEDSEI G S ING N NTSAT LA LL A LA TI OI ONN . . CCOOM MPPLLEE.TT E E M A IIN T.TEENNAANNCCEE .GG AA RR D .D EN S TSOTROER E LAN S C P E T M A N E N . 2 2 4 9 S C U T T L E H O L E R D . B R I D G E H A M P T O N N Y W W W . U N L I M I T E D E A R T H C A R E . C O M . L A N D S C A P E D E S I G N I N S T A L L A T I O N C O M P L E 2 2224499SSCCUUTTTTLLEE HHOOLLEE RRDD.. BBRRII D MP P TT O ON N N NYY . W WW WW W. .UUNNLLI M I MI TI TEEDDE EAARRT T CM OTME M A I N T E N A N C E G A R DG G EE H HA AM HH CC AA RR E .EC. O .DW . NI LNI SMTI A . ACROEM . GA 2 2 4 9 S C U T T L E H O L E R D . B R I D G E H A M P T O N N Y W W . U T E D E A R T H C . C O M . L A N D S C A P E E S I G N L L A T I O N P L E T E M A I N T E N A N C E C A L L 6 3 1 7 2 5 7 5 5 1 2 2L4A9N D SS CC UA TT D LGLECAHATALI2O M N Y--T7 W MRAI ITN RMA TPH RE . M . I. NBSRTI A .O L2NP 64T39 1CS-N -O 7 2 1OM C2 U55 TP LA E. IUR DEC GDEEH.AAG NS.YCT O W 7 1W P LE EDHE O S LI GE NR D M L7LE55EW T55EH NNDTL.EIB N RTC DOA ENN O R EW W . U N L I M I T E D E A R T C A L L 6 3 1 7 2 5 7 5 5 1 . 5W . 1CS-O L2N6439 7 2 CM U5 TP-TL7LE5ET5EH1OML A EIR DC GCEAH.LALGMA L A N D S C A P E D E S I G N . I N S T A L LCAAT LI2O NDT .E B NRAIN RT1DO-E7NN T 5O R1EW W . U N L I M I T E D E A R 6P3 2N 5S-Y7 2 2 4 9 S C U T T L E H O L E R D . B R I D G E H A M P T O N N Y . W W W . U N L I M I TCE A DLELA R T H C A R E . C O 6 3 1 - 7 2 5 - 7 5 5M 1 3/21/18 1:39 PM UEC_DANS_AD1_R1_032118.indd 1 . 5 L P6T3O1N- 7N 2Y 5-7 1 W . U N L I M I T E D E A R T H C A R E . C O M3/21/18 2 2 4 9 1S C U T T L E H O L E R D . B R I D G ECHAALM W5W UEC_DANS_AD1_R1_032118.indd 1:39 PM UEC_DANS_AD1_R1_032118.indd 1 3/21/18 1:39 PM CALL 63 1-725-7551 LANDSCAPE DESIGN . INSTALLATION . COMPLETE MAINTENANCE . GARDEN STORE . O M P L E T. E M A I N T E N A N C E . G A R D E N S T O R E LA D 9S CSAC1PUET TDLEES H I GONL E. R I NDS. TBARLI D LA AM0818_Unlimited Earthcare_r0.indd 19/7/2018 3:55 PM 2N 24 G TE IHOANM P C TON NY WWW.UNLIMITEDEARTHCARE.COM

D RI N KS W I TH D E BBI E

Authentic. Unique.

Like no other club.

Other memorable mixes? Jay: We often hosted Rudy Giuliani and [Democratic operative and commentator] Robert Zimmerman. Anne: Robert always skillfully defused the situation, though we had one female TV commentator who worked hard to stir up what Robert had calmed! Jay, you always give an opening toast to introduce new guests, and give them a platform to talk about their projects. How does that work? Jay: Well, it depends on whom you ask. Robert Wilson will stand and remain silent for several (often bewildering) minutes). Neil deGrasse Tyson is always a fascinating guest. And he knows his wines.

“I really like entertaining and bringing diverse people together [but] putting Roger Waters next to a Zionist was tricky.” —Jay McInerney On the northernmost tip of Key Largo, surrounded by mangroves, and just a short boat ride from North America’s only living coral reef rests Ocean Reef Club. A private club community like no other, deeply rooted in family values and time-honored traditions. Situated on 2,500 acres of unspoiled paradise, Ocean Reef provides a long list of unsurpassed amenities to its Members including a 175-slip marina, two 18-hole championship golf courses, state-of-the-art medical center, K-8 school, private airport and more. There are only two ways to experience Ocean Reef Club’s Unique Way of Life – as a guest of a member or through the pages of Living magazine. Visit OceanReefClubMagazine.com or call 305.367.5921 to request your complimentary copy.

Speaking of wines, there are some hosts (well, actually only one I can think of) who actually serve better wine to the oenophiles that sit near her. The rest drink plonk. What’s up with that? Jay: Everyone drinks at the level of the most discerning wine connoisseur at our table. The food? Jay: People get depressed by bad food. I love feeding my friends exceptional food. [Here, fashion designer Nicole Miller jumps in to say, “‘And he can cook—he makes the best osso bucco I’ve ever had!”] Anne: I like buffets and always try to include healthy recipes from Dr. Gullo. I also like to serve locally produced and themed food—California- and Mexican-themed when we are out here. My grandfather was a man of the West. What’s next? Anne: We are kicking off the Rita Hayworth Alzheimer’s Gala this summer, and the party is on Tuesday, October 23. I’m chairing with Yasmin Aga Khan. The theme? Anne: Western—Denim and Diamonds. Of course. See you there.

36 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

ORC47991 AveMag-HPVerticalAd.indd 1

7/12/18 8:57 AM

Giving children a better tomorrow

today

SAVE THE DATE AVENUE ALTRUISM AWARDS CHILDREN UNITED GALA Benefiting Save the Children Thursday, September 13, 2018 at the United Nations 2018 AVENUE Altruism Awards presented to

Carolyn Miles— Save the Children CEO Presented by Cokie Roberts

Master of Ceremonies Tamron Hall— Award-Winning Journalist

Dr. Paul Farmer— Co-Founder of Partners In Health with other Honorees to be Named

With support from the UN Office for Partnerships to bring awareness to UN Sustainable Development Goal #3 – Good Health and Well-Being Information, tickets and sponsorships: www.AvenueAltruismAwards.com Follow us on Instagram @AvenueAltruismAwards #ChildrenUnitedGala091318

AM0918_AAA UN GALA_r0.indd 1

1/8/2018 7:37 AM

O B JE C TS OF D E SI RE

WHEN IN WONDERLAND

TAKE A PAGE OUT OF THE CLASSIC STORYBOOK AND INDULGE IN ALL THINGS BOLD by Wendy Sy Bubbles Necklace with Sol y Sombra 18K Yellow Gold Chain and Rock Crystals, Crystals $21,500, by VERDURA, 745 Fifth Avenue, Suite 1205, 212.758.3388, verdura.com.

PHOTO COURTESY OF DOLCE & GABBANA

Embellished Denim Jacket, upon request, Mesh Dress, $4,675, Heels,, $1,595, and Sicily Bag, $2,695, by DOLCE & GABBANA, 717 Fifth Avenue, 877.70.DGUSA, dolcegabbana.com.

Porcelain Tea Cup and Saucer, $540/set of four, by CHRISTIAN LACROIX BY VISTA ALEGRE, Saks Fifth Avenue, saks.com.

Shagreen Card Case, $425, by AERIN, aerin.com

FOREVER AND EVER This watch, featuring the classic Wild Baroque print and Medusa motif, pays homage to the 20th anniversary of Gianni Versace’s passing. Long live the designer’s legacy!

V-Circle Tribute Edition Watch, $795, by VERSACE, 647 Fifth Avenue, versace.com.

Liquid Glitter Eyeliner Duo in 24 Carat Karl Gold, $28, by KARL LAGERFELD + MODELCO, nordstrom.com.

Chess Set, $1,650, by L’OBJET, l-objet.com.

Rabbit with Sunflower Crystal Figurine, $159, by SWAROVSKI, swarovski.com.

Belgravia Chypre Eau de Parfum, $181, by PENHALIGON’S, penhaligons.com.

38 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

Colosimo PopArt Safe, $32,500, by DÖTTLING, doettling.com.

Archer Magnifying Glass and Letter Opener Set Set, $290, by AERIN AERIN, aerin.com.

DÖTTLING GMBH

PURE MAGIC Reach for a bottle of this fragrance—it may not have the shrinking powers of the “Drink Me” potion, but it’s filled with a mix of bergamot, oak moss and patchouli scents. Plus, there are unexpected accent notes of raspberry, pink pepper and rose.

One Incredible Master Suite. Two Acres, Four Seasons. Five Miles to Sag, Four to East. Count the Ways to Fall in Love.

Ann Ciardullo and Keith Green Proudly Present 22 Bull Run East Hampton This home was designed to be the quintessential Summer vacation home, yet it is unparalleled in its four seasons accommodations. Brilliantly designed to be wide and rambling so that all major rooms open directly onto the resolutely private back yard, featuring a pool with generous brick surround and terraced stone walls. One of the most gracious first floor master suites ever. This master suite has it all: Large bedroom with outdoor access and private arbor, walk-in closet, spa-like bath, and a private master library with fireplace. A second ground floor bedroom with private entrance can serve as guest room, media room or office. The second floor features two en suite bedrooms and small office. All this at the end of a private cul de sac, half way between East Hampton and Sag Harbor villages, right in the heart of the storied Pine Forest. From the moment you drive up, you will feel.... away from it all. Offered at $2,450,000 22BULLRUN.COM

Promises Made. Promises Kept.

Ann Ciardullo & Keith Green

Associate Brokers 631.903.0269 | ann.ciardullo@sothebyshomes.com 917.907.4788 | keith.green@sothebyshomes.com The Hamptons Brokerages

East Hampton 631.324.6000 | Sag Harbor 631.725.6000 | Southampton 631.283.0600 | Bridgehampton 631.537.6000

AM0818_Sothebys Ciardullo_r0.indd 1

26/7/2018 12:23 PM

BE AU T Y

OFFICE PARTY

KEEP THESE ESSENTIALS AT YOUR DESK FOR AN INSTANT PICK-ME-UP by Wendy Sy photographed by Jessica Nash

Inspire Collection 5506 Eyeglasses, by SILHOUETTE, 800.223.0180, silhouette.com.

Linea 10 Wireless On Ear Headphones in Ceramic and Rose Gold, $199, by CAEDEN, caeden.com.

Stylo Yeux Waterproof Eyeliner, $33, by CHANEL, chanel.com.

VIP Treatment Detox Mask, $24, by VELVET, getvelvetskin.com.

Avant Garden Collection Deluxe Mini Gift Set, $75, by CLEAN RESERVE, avantgardencollection.com.

Oolong Candle, $55, by COMMODITY, spacenk.com.

Skin Caviar Essence-In-Foundation in Pure Ivory, $195, by LA PRAIRIE, laprairie.com.

Rouge Coco Shine Hydrating Sheer Lipshine in Rendez-Vous, $37, by CHANEL, chanel.com.

Honey Potion Renewing Antioxidant Hydration Mask, $56, by FARMACY, sephora.com. Luminizing Face Enhancer in Lavender, $95, by CLÉ DE PEAU BEAUTÉ, cledepeaubeaute.com.

40 | AVENUE MAGAZINE • AVENUE ON THE BEACH • MAY | JUNE 2018

Malta.

More than we could ever tell.

VisitMalta.com

AM0818_Malta_r0.indd 1

19/7/2018 3:52 PM

BE AU T Y

MIX & MATCH BECAUSE VARIETY IS THE SPICE OF (A BEAUTIFUL) LIFE

Diorshow Iconic Overcurl Mascara in Over Black, $30, by DIOR, dior.com.

H20 Tan Drops for Face, $35, by JAMES READ, bluemercury.com.

Brow Perfector in Brown, $24, by NARS, 124 Prince Street, 646.356.0423, narscosmetics.com.

Blue Moon Tranquility Cleansing Balm, $50, by SUNDAY RILEY, sephora.com. Premières Fleurs Harmony of Powders, $70, by CHANEL, chanel.com.

Salina True Skin Serum Foundation, $54, by ILIA, iliabeauty.com.

Les Pinceaux de Chanel Retractable Kabuki Brush, $50, by CHANEL, chanel.com.

Priming With a Hydrating Fluid, $125, by VALMONT, Spa Valmont at Plaza Athénée, 37 East 64th Street, 212.606.4675, valmontcosmetics.com.

Melanolyte Pigment Perfection Serum, $99, by EPIONCE, epionce.com. Dior Lip Glow in Sheer Lilac, $34, by DIOR, dior.com.

Alien Flora Futura Eau de Toilette, $84, by MUGLER, mugler.com.

Molten Metals Lip Color in Copper, $30, by KEVYN AUCOIN, spacenk.com.

Lala Retro Whipped Cream Moisturizer, $60, by DRUNK ELEPHANT, sephora.com.

42 | AVENUE MAGAZINE • AVENUE ON THE BEACH • MAY | JUNE 2018

Shimmering Skin Perfector Pressed Highlighter in Rose Gold, $38, by BECCA COSMETICS, beccacosmetics.com.

Pop Splash Lip Gloss and Hydration in Caramel Pop, $19, by CLINIQUE, clinique.com.

Secrets of the Sea Hand Balm, $29, by RITUALS, rituals.com.

AM0918_Beautiglow_r0.indd 1

30/7/2018 12:21 AM

S TATE OF THE A RT

A MAN NAMED AMMANN REMEMBERING AN ART DEALER WHO BALANCED PASSION WITH THE PROFIT MOTIVE by Asher Edelman

Thomas Ammann and another Jasper Johns painting

t one time a collector in need of a large sum of money sold Thomas Ammann, the Zurichbased art dealer, a substantial portfolio of art works: a Picasso, multiple Klines, Mirós, Rauschenbergs, and Twomblys and a particularly special Jasper Johns. A year later at dinner with Thomas, this then-well-known collector asked him how he had fared with the purchases. Had he sold them? Had he made a nice profit? Was he happy? “Wonderfully,” Thomas replied, and thanked the

collector for the opportunity. “What did you do with the Johns?” the collector then asked. Johns had dramatically increased in value that year. “I saved it for you as I knew how much you loved the painting,” Thomas replied. The collector, again cash rich and now, happy as could be, responded. “Okay, whatever the price, thank you, and I’ll buy it back.” Said Ammann, “My money cost me 6 percent. The painting will be delivered back to you tomorrow. Please pay me my cost plus 6%.” And with that,

44 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMER 2018

he gave away close to a million dollars out of friendship. I was the collector. A good soul, Thomas. Early this summer, leafing through the catalog of Ammann’s Zurich Gallery’s 1987 exhibit of selected works from my collection, I was struck by the contrast between how art was dealt with then and what art dealers have to be today. Thomas epitomized knowledge, taste, elegant manners and thoughtfulness; today’s bar is set not much higher than the street peddler. We forget our friends too quickly.

Ammann, en route to becoming the most revered dealer of impressionist, modern and contemporary art in history, passed away in 1993 at the age of 43. He’d had a brief but brilliant career. At the tender age of 18, it began with the contemporary art dealer Bruno Bischofberger. Eight years later, Thomas struck out on his own with the backing of the Schmidheiny fortune. Shortly, he became the dealer to the most important collections in the world, from Niarchos to Lauder, buying and selling works from Van Gogh through Warhol. A master of his trade with taste

D AV I D K I M W H I T TA K E R T H E F E A R A N D T H E S TA B L E 5 TH - 1 8 TH S E P T E M B E R 2 0 1 8

791 M adis on Av e n u e , N e w Yo rk , N Y 1 0 0 â&#x20AC;&#x17D; 6 5 | + 1 646 707 3299 | nyc@ operagal l ery.com | op er agaller y. com New Yor k M iam i As p e n L o n d o n Pa ri s Monaco Geneva Zuri ch D ubai B ei rut H ong K ong S ingapor e Seoul

AM0918_Opera Gallery_r0.indd 1

26/7/2018 8:50 AM

STATE OF THE A RT and a brilliant eye, his talent for dealing was unsurpassed in the 20th century. Thomas was a practical chap. No warehouse visits for his clients. Until he bought his New York apartment he had the good sense to show art for sale at Andy Warhol’s house, my apartment and the homes of other, more important collectors. After all, why not surround the presentation of beautiful objects with other beautiful objects. Art dealers often bemoan the paucity of important works for sale. Not Thomas. Dealers and collectors vied for his attention. For collectors like Ernst Beyeler, dealers like Mary Boone, and artists, living and dead, from Picasso to Ross Bleckner, Thomas was the chosen purveyor of all that was excellent, the go-to dealer of his time.

169 East 69th St. #17B Lenox Hill Co-op

$3,495,000 WONDERFUL LIGHT, VIEWS & TERRACES ON PRIME UPPER EAST SIDE BLOCK! Corner apartment perfectly positioned with western, southern and eastern exposures in an optimal location with amazing park and city views. This 17th floor approximately 2400 sq. ft. apartment has two large terraces and nearly every room has access to outdoor space. The apartment is originally a classic seven with three bedrooms but currently configured as two bedrooms, four full bathrooms, an expansive entry foyer that connects living and dining rooms and an eat in kitchen. The moment you walk into the apartment you are taken aback by the breaktaking loft-like entertaining space that spans close to 50 feet from dining room to living room. The master bedroom has his/her bathrooms, abundant closet space and a home office. The apartment features a wet bar with refrigerator, panoramic windows, plentiful cabinet and pantry space and five walk-in closets. Originally built as a cooperative in 1962, this full-service luxury building is located in the epicenter of the historic Upper East Side - 5 minute walk to Central Park, renowned shopping, museums, and dining and is convenient to all transportation. With a Fitness Center, Full-time Doorman, Elevator Attendant, laundry room and additional storage this building has it all. Maintenance includes utilities and basic cable. Building allows pied a terres but no pets. Financing is 50%.

LINDA MALONEY lmaloney@stribling.com 212.585.4527 917.544.4604 STRIBLING.COM

46 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMER 2018

“Thomas epitomized knowledge, taste, elegant manners and thoughtfulness; today’s bar is set not much higher than the street peddler.” One night in the eighties Thomas, my then wife and a group of party folks visited La Escuelita, a Latin American drag nightclub south of Times Square. At about three in the morning, we dropped Thomas off at his hotel. Eleven the next morning, I got a call. Thomas, who never discussed his love life with his friends, was on the phone: “When I left you I was restless and went to Boy Bar”—a Lower East Side pickup joint popular on the gay scene. “I think I have met the love of my life, a Greek boy studying in the U.S.,” he said. His name was George Kontouris and he and Thomas were together until Thomas’ death in 1993. George died shortly after that. Like their love affair, Thomas Ammann’s life was too short and too little is said, too little remembered of my friend. Part of that’s because he was so intensely private. He had a social façade—he was ubiquitous, always with the right people—but the fact of the matter is none of them really knew him. His preferences have, I fear, damaged his legacy. Outwardly lacking passion, but inwardly, quite the opposite, he valued beauty and gentility along with the profit motive. We could use more of his kind today.

LIKE NOTHING ELSE BARN STYLE, MODERN STYLE, YOUR STYLE.

Our Custom Home process allows you to be ﬁrmly at the helm of your vision, but secure in the knowledge that the full weight of the Farrell team is behind you. We work on your terms – from start to ﬁnish.

ENDLESS POSSIBILITIES

FARRELL CUSTOM BUILD IN SAGAPONACK

All of Farrell’s expertise and experience will be at your ﬁngertips. Whether you partner with our in-house architectural staff or an outside ﬁrm, Farrell knows that it is your vision and that they are there to make it happen for you.

B U I L D I N G C O M PA N Y

T H E H A M P T O N S I PA L M B E A C H I N Y C I FA R R E L L B U I L D I N G . C O M I 6 3 1 . 5 3 7 . 1 0 6 8

AM0818_Farrell_r0.indd 1

19/7/2018 3:08 PM

ARTS CA L E N DA R

ALL EYES ON ART THIS MONTH'S SELECTION OF ARTS AND CULTURE by Daniel Metz

MUSEUMS

THE MET BREUER September 6 – December 2 Odyssey: Jack Whitten Sculpture, 1963–2017 945 Madison Avenue New York 212.535.7170 metmuseum.org HOMAGE TO MALCOLM, 1965. American elm partly stained, coiled wire, nails, mixed media.

INTERNATIONAL CENTER OF PHOTOGRAPHY Through September 2 Henri-Cartier Bresson: The Decisive Moment

MANHATTAN, NEW YORK, UNITED STATES, 1947 From The Decisive Moment (Simon & Schuster, 1952)

DAVID ZWIRNER

250 Bowery New York 212.857.0045 icp.org

537 West 20th Street New York 212.517.8677 davidzwirner.com

LUHRING AUGUSTINE 531 West 24th Street New York 212.206.9100 luhringaugustine.com

THE JEWISH MUSEUM

September 26 – January 20 Sara Lucas: Au Naturel

September 14 – January 6 Chagall, Lissitzky, Malevich: The Russian Avant-Garde in Vitebsk 1918–1922

235 Bowery New York 212.219.1222 newmuseum.org

GALLERIES

September 12 – October 27 Endless Enigma: Eight Centuries of Fantastic Art

September 8 – October 20 Simone Leigh

THE NEW MUSEUM

ALMINE RECH GALLERY September 12 – October 20 Vivian Springford 39 East 78th Street New York 212.804.8496 alminerech.com UNTITLED (MARTINIQUE SERIES), 1974. Acrylic on canvas

48 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

1109 Fifth Avenue New York 212.423.3200 thejewishmuseum.org

Artwork: Timothy Horn, AUS, 2016 // Sofa: Todd Merrill Custom Originals, US, 2017 // Chair: Marc Fish, UK, 2017 // Stools: Erin Sullivan, US, 2017

Avenue SummerMerrill_r0.indd 2018.indd 1 1 AM0818_Todd

7/12/18 1:52 19/7/2018 3:54PM PM

ART S CA L E N DA R

©ESTATE OF STUART DAVIS/LICENSED BY VAGA, NEW YORK, NY

GALLERIES GREY ART GALLERY September 6 – December 8 NeoRealismo: The New Image in Italy, 1932–1960 100 Washington Square East New York 212.998.6780 greyartgallery.nyu.edu

GAGOSIAN September 13 – October 15 Mary Weatherford: I've Seen Gray Whales Go By 555 West 24th Street New York 212.741.1111 gagosian.com

METRO PICTURES September 6 – October 20 B. Wurtz 519 West 24th Street New York 212.206.7100 metropictures.com

PAUL KASMIN GALLERY September 13 – December 22 Lines Thicken: Stuart Davis in Black and White 293 10th Avenue New York 212.563.4474 paulkasmingallery.com LETTER AND HIS ECOL. (BLACK AND WHITE VERSION), 1962. Cassein on canvas.

FINDLAY GALLERIES

CHEIM & READ

September 8 – 29 Michael Allen Lowe: Figurative Abstractionist, Recent Works

Through August 30 All over the moon

724 Fifth Avenue New York 212.421.5390 findlaygalleries.com

547 West 25th Street New York 212.242.7737 cheimread.com

PA R K AV E N U E P I E D - A -T E R R E 935 Park Avenue, 14B | $2,650,000 | Exquisitely renovated, 2-bedroom, 2-bathroom featuring high beamed ceilings, formal dining room and open city views Web# 3108810 MARK SHANNON

PAUL ZWEBEN

Lic. Assoc. R. E Broker O : 212.769.6587 M: 646.325.7507 mshannon@elliman.com

Lic. Assoc. R. E Broker O : 212.769.9807 M: 917.653.5749 pzweben@elliman.com

elliman.com/newyorkcity

50 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

ESCAPE IS AS CLOSE AS YOUR ROOFTOP MIAMI’S ONLY RESIDENTIAL TOWER WITH A PRIVATE HELIPAD HAS EXCLUSIVE ACCESS TO PRIVATE AND COMMERCIAL AIRPORTS, ISLAND DESTINATIONS OR YOUR PRIVATE YACHT. ESTATE-SIZED RESIDENCES PRICED FROM $5M + TO OVER $20 MILLION.

ONE THOUSAND MUSEUM RESIDENCES BY ZAHA HADID ARCHITECTS

Represented by

1000MUSEUM.COM | INFO@1000MUSEUM.COM | 786.245.4216 ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. Use and operation of the helipad are conditioned upon obtaining FAA and other governmental approvals. No assurance can be given about whether the approvals can be obtained, and/or if so, the timing of same. Prices and features are subject to change in the sole discretion of the Developer without notice. Any listed prices contained in advertising and other promotional materials are estimates only. These drawings and depictions are conceptual only and are for the convenience of reference. They should not be relied upon as representations, express or implied, of the final detail of the residences. The developer expressly reserves the right to make modifications, revisions, and changes it deems desirable in its sole and absolute discretion. This offering is made only by the prospectus for the condominium and no statement should be relied upon if not made in the prospectus. Void where prohibited by law. FOR NY RESIDENTS: THE COMPLETE OFFERING TERMS ARE IN A CPS-12 APPLICATION AVAILABLE FROM THE OFFEROR. FILE NO. CP16-0131.FOR CALIFORNIA RESIDENTS: WARNING: THE CALIFORNIA BUREAU OF REAL ESTATE HAS NOT QUALIFIED, INSPECTED OR EXAMINED THIS OFFERING, INCLUDING, BUT NOT LIMITED TO, THE CONDITION OF TITLE, THE STATUS OF BLANKET LIENS ON THE PROJECT (IF ANY), ARRANGEMENTS TO ASSURE PROJECT COMPLETION, ESCROW PRACTICES, CONTROL OVER PROJECT MANAGEMENT, RACIALLY DISCRIMINATORY PRACTICES (IF ANY), TERMS, CONDITIONS, AND PRICE OF THE OFFER, CONTROL OVER ANNUAL ASSESSMENTS (IF ANY), OR THE AVAILABILITY OF WATER, SERVICES, UTILITIES, OR IMPROVEMENTS. IT MAY BE ADVISABLE FOR YOU TO CONSULT AN ATTORNEY OR OTHER KNOWLEDGEABLE PROFESSIONAL WHO IS FAMILIAR WITH REAL ESTATE AND DEVELOPMENT LAW IN THE STATE WHERE THIS SUBDIVISION IS SITUATED. MARKETING IN NEW YORK COURTESY OF THE LISTING AGENT ONE SOTHEBY’S REALTY. The complete offering terms are in an offering plan available from the Sponsor. File No. CP160131. Sponsor: 1000 Biscayne Tower, LLC, 425 N. Federal Hwy Hallandale FL 33009. For Massachusetts Residents - This Condominium is being registered with the Massachusetts Board of Registration of Real Estate Brokers and Salesmen.The building is currently under construction but not yet completed. Any images of a competed building are artists’ renderings incorporating the proposed building into the existing skyline. As depicted in the developers brochures or on the developers website, sketches, renderings, graphics, plans, specifications, services, amenities, terms, conditions and statements contained in this brochure are proposed only, and the Developer reserves the right to modify, revise or withdraw any or all of same in its sole discretion and without prior notice.The condominium units are being sold for personal use and enjoyment and 1000 Biscayne Tower, LLC is not making, nor does it condone, any representations about future profit or rental potential of the condominium units. Prospective purchasers of condominium units should not base their buying decision on an expectation of profit derived from or through the efforts of the Developer in any manner including the operation of any rental program or with respect to any future appreciation, as the purchase of real estate is inherently speculative in nature. The project graphics, renderings, unit floor plans and depictions, and text are copyrighted works owned by the Developer. © 1000 Biscayne Tower, LLC 2017 - All rights reserved.

AM0918_One Thousand Ocean_r0.indd 1

1/8/2018 7:28 AM

T RE N D S CA PE

TRANSITIONAL TRENDS FROM SUMMER IN THE HAMPTONS TO FALL IN THE CITY

TAKING THE INTIMIDATION OUT OF COOKING SEAFOOD

by Kelly Laffey

JOE GURRERA

OWNER OF

FINE FOODS

HOT N OW !

The catch of the day

As August becomes September, let a candle put you in the mood for whatever season you’re feeling. Harlow + Bentley candles offer a wide variety of scents, with unique combinations like White Tea + Ylang Ylang and Bourbon + Vanilla. The 11-ounce candles have 100 hours of burn time; and the Hamptons tin collection is the perfect hostess gift. harlowandbentley.com

HOOKED ON A COOKBOOK If you have a fish to fry in the Hamptons, there’s a new cookbook for that. Recently released from Citarella owner Joe Gurrera is Joe Knows Fish, which Gurrera promises will “take the intimidation out of cooking seafood.” The fishmonger, whose Citarella locations are scattered throughout New York and the Hamptons, has compiled more than 85 recipes, with an emphasis on approachable cooking. This is Gurrera's first book, a road map for novices looking to learn the basics of sourcing and cooking fish. joeknowsfish.com

MAKING SCENTS OF THE SEASONS

Bring the essence of the Hamptons to your New York City home

“Maple syrup is very complementary to a lot of different flavors.”

Enjoy personalized service at A Butler's Manor

A BUTLER’S TOUCH Maple syrup: It's not just for breakfast

RUNNING AMOK Few things say fall like maple syrup. Founded in Cambridge, Vermont, Runamok Maple is a line of maple syrups—all natural, all organic. “We’re the last wild crafted, mass-produced food,” says Laura Sorkin, co-owner Runamok Maple. Maple syrup harvesters still go out to tap the trees, which are found as far south as Virginia and as far west as Minnesota. Available nationwide, Runamok Maple isn’t just for pancakes. With infused flavors like ginger and elderberry, they’re perfect for cocktails. Find recipe inspiration on their website. runamokmaple.com 52 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

How do you Hamptons? Height of summer, with long days at the beach and never-ending evening parties? Or during the off-season, with strolls around the wineries and quiet nights in? Regardless of your style, experience the best of the East End with A Butler’s Manor in Southampton as your home base. Chris Allen, who owns the B&B with his wife Kim, was once an English butler, and the duo have modeled their accommodations on English luxury. Summer amenities include breakfast on the back patio in the English garden, transportation to the beach, and lounging by the saltwater pool. As the weather cools, guests can keep warm and cozy by the wood-burning fireplace. And, like any good butler, “We work to provide attentive yet unobtrusive personal service and a warm, welcoming respite here in the Hamptons,” says Kim. abutlersmanor.com

Featured Properties Presented By

The Bodenchak Team BODENCHAKTEAM.COM

Designer’s New Construction, Water Mill

Dawn & Frank Bodenchak

Licensed Salespersons dawn.bodenchak@sothebyshomes.com | 646.382.4055 frank.bodenchak@sothebyshomes.com | 917.968.9020

bodenchakteam.com

Bridgehampton Brokerage 2446 Main Street, P.O. Box 1799 | Bridgehampton, New York | sothebyshomes.com/hamptons

AM0818_Sothebys Bodenchak_r0.indd 1

19/7/2018 3:42 PM

JEW E L RY B OX

PEARLS OF WISDOM HOW A SYNCHRONICITY OF LIFE EVENTS LED CHRISTOPHER WALLING TO JEWELRY DESIGN by Wendy Sy

NECKLACE: ROBIN RANDISI. EARRINGS: MATTHEW KLEIN

Necklace with two strands of carved turquoise and Chinese freshwater pearls with a ridged signature clasp in 18k yellow gold.

54 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

NORTH END CONTEMPORARY Palm Beach. This gorgeous 1-story home features a right and open oorplan athed in natural light through the oor to ceiling windows that offer lush iews of the tropical landscaping and pool spa. Top of the line finishes a ound in this north end oasis. uilt . eeded each ca ana. $6.9M | 4 bedrooms | 4.5 baths

IN TOWN CHIC Palm Beach. Re el in this stunning and recently reno ated pri ate two story condo. erfectly located in downtown alm each it e udes chic with the highest quality detailing. Eat in itchen wide panel oa ooring great patio impact glass co ered par ing spaces. This is the low maintenance pied a terre you ha e een waiting for. o e right in $2.795M | 2 bedrooms | 2.5 baths

Paulette Koch ro er

ssociate m

Dana Koch ales

ssociate m

Candice Koch Postel ales

ssociate m

Equal Housing Opportunity. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer.

AM0818_Corcorn Koch_r0.indd 1

26/7/2018 12:23 PM

FO O D FOR THOUG HT

BACK IN THE SWING

THE NY DINING SCENE COMES ALIVE AGAIN…BUT THERE ARE STILL SURPRISES OUT EAST by Beth Landman

Let’s Eat! Sel Rrose 4 South Elmwood Avenue Montauk, New York 11954

Hudson Blue 1970 Montauk Highway Bridgehampton, New York 11932 631.237.1334 hbcrab.com

Coche Comedor 74 Montauk Highway Amagansett, New York 11930

A new culinary team at the Maidstone Hotel KATERYNA TEREKHOVA

avarian food might not have been the best fit for Montauk’s surf vibe, so we said farewell to Zum Schneider this summer, and in its place is an outpost of the more fitting French oyster bar and small plate concept Sel Rrose, which has its year-round home on the Lower East Side. “The owner, Kristen Vincent, fell in love with the location and the people in Montauk and felt this was a perfect fit for us,” says Drew Cheben, Sel Rrose’s director of operations. “This is the kind of place where you can come in and have a cocktail with a lobster roll or oysters, or just pop by on your way to dinner. We want it to be social with no pressure to order anything specific.” Hudson Blue, another seafood concept, opened in the Bridgehampton space formerly occupied by Mexican spot Mercado. “This serves an ocean resort community better,” says restaurateur Marcel Link, who is offering Dungeness, blue and soft-shell crabs along with local scallops, sea bass and a range of oysters. Don’t worry, your craving for cumin, cilantro and chiles won’t go unsated. The owners of Nick & Toni’s will be unveiling the long awaited Coche Comedor at 74

The Maidstone Hotel 207 Main Street Maison Vivienne offers an extra boozy brunch

East Hampton, New York 11937 631.324.5006 themaidstone.com

The Bistro Mobile Kitchen 313 Three Mile Harbor HC Road East Hampton, New York 11937 631.324.7300 harborbistro.net

Sotto Sopra 231 Main Street Amagansett, New York 11930 631.267.3695 restaurantsottosopra.com

Maison Vivienne 136 Main Street Southampton, New York 11968 631.500.9276 maisonvivi.com

Wayan 20 Spring Street New York, NY 10012

Leonelli Taberna 7 East 27th Street New York, NY 10016 Sotto Sopra has added family-style dishes

Burger & Lobster 39 West 19th Street

Burger &

Montauk Highway Lobster now offers in Amagansett in brunch October. “We think there is a void in ethnic cuisine, and Mexican is a favorite of ours,” says Mark Smith, one of the owners. “It will be the big sibling to La Fondita next door. We will have a wood-burning rotisserie, whole fish and ceviches, and some of the

56 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

New York, NY 10011 646.833.7532 burgerandlobster.com

Steak & Lobster 129 West 29th Street

vegetables will be grown in Nick and Toni’s garden. This is regional Mexican with a modern twist, along with a full bar. We will leave the tacos to La Fondita.”

New York, NY 10001 212.684.1955 hallpr.com

THEREâ&#x20AC;&#x2122;S NO TRAFFIC IN THE SKY. HeliNY.

TRAVEL IN STYLE FROM NYC TO EAST HAMPTON IN A BELL 407GX, USING STATE-OF-THE-ART, QUIET TECHNOLOGY. BOOK YOUR CHARTER FLIGHT TODAY SOUTHAMPTON (87N)

WESTHAMPTON (FOK)

EAST HAMPTON (HTO)

One-Way (40min) $3,730 Roundtrip* $4,535

One-Way (35min) $3,780 Roundtrip* $4,400

One-Way (45min) $4,015 Roundtrip* $4,635

646-846-0149 or 1-888-WE-FLY-NY www.heliny.com/charter *Waiting fee is $300 per hour **Parking and additional early/late operations fees may apply

HeliNYHamptonAd-full page.indd 1

5/8/18 3:41 PM

FO O D FOR THOUG HT Harbor Bistro has expanded with a new food truck

The Maidstone Hotel has a new culinary team. Ian Lowell, formerly the sous chef at Surf Lodge, will be executive chef and work along with John Sagadraca, who spent about ten years working with Daniel Boulud before becoming executive chef at Colonie in Brooklyn. Harbor Bistro is taking its show on the road. The popular Three Mile Harbor waterfront spot has expanded to a food truck called the Bistro Mobile Kitchen that brings such dishes as Mongolian BBQ ribs, tuna tostados and hibachi salmon to private parties and events. Sotto Sopra, the popular trattoria in Amagansett, has added family-style dishes to its offerings. Sunday through Thursday, large

shareable plates, including calamari salad, pasta with shrimp or Bolognese sauce, seafood stew or skirt steak, are all available, along with the regular a la carte menu. Fans of the boozy brunch should check out Maison Vivienne, which opened this season in Southampton. Each Saturday and Sunday there is a fashion show accompanied by house and electro music. There’s news further on an island West as well. Cédric Vongerichten will open his long-awaited French Indonesian restaurant Wayan at 20 Spring Street in September. Those who loved his Indochine will find some differences. “We will have a lot of sharing dishes and satays and many sambal sauces, and we will focus on seasonal and local ingredients,” explains Cedric, who is the son of Jean-Georges and served as chef at Perry Street from its opening. Jonathan Benno, who worked at both French Laundry and Daniel before becoming chef at Lincoln, has opened a new place in NoMad’s Evelyn Hotel called Leonelli Taberna. “When the location in the Evelyn Hotel came up, it afforded me a unique opportunity to

take everything I’ve done throughout my career and showcase it all in one place with the three concepts—Leonelli Taberna, Leonelli Focacceria, and Benno,” he explains. “These are also the most personal projects to date for me.” The first two, a casual Roman-inspired room and a bakery, opened in July; the more upscale Benno is due in early fall. The much loved British concept Burger & Lobster has expanded into brunch items, adding such dishes as lobster Benedict and bourbon-infused brioche french toast to its Flatiron restaurant. Says Burger & Lobster USA CEO Vladimir Borodin, “Brunch is a big part of New York City’s dining landscape; it’s something New Yorkers embrace, and we decided we wanted to as well, even though it’s not a meal period that we as a company have addressed before.” No doubt inspired by that success, Steak & Lobster is scheduled to open at 129 West 29th in September. It will feature various versions of surf and grass-fed, hormone-free turf in a range of spice rubs and marinades, prepared by Japanese chef Masato Okamoto.

E S TAT E A R E A O N H E A DY C R E E K W I T H O C E A N A C C E S S Southampton Village | $4,950,000 | 5-BR, 4.5-BA | Builder’s own home built in 2003 with a center living room wrapped by many windows overlooking Head Creek with access to the ocean. Built-in window seating and ﬁreplace are wonderful for entertaining. A heated gunite pool, decks to en o the outdoors, full basement, and a 2-car garage complete a bu er s wish list. Web# H105961

MARYANNE HORWATH Lic. Assoc. R.E. Broker Office 31.204.2720 obile 51 . 17. 93 maryanne.horwath@elliman.com

elliman.com/hamptons

58 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

AM0818_Gigi_r0.indd 1

19/7/2018 3:34 PM

S URRE A L E STATE

LUXURY HOMES, NO BUYERS WHY HAS THE SUN SET ON SUTTON PLACE? by Christopher Cameron

he denizens of Manhattan’s wealthiest zips have expectations for their homes. Despite competition from the new supertalls and Robert A.M. Stern’s limestone cathedrals, they expect returns when it comes time to sell. Anything else is fodder for the gossip columns. In the Upper East Side’s townhouse market, those expectations are particularly easy to see. Allow us to demonstrate: In 2006, a perfectly nice but perhaps unremarkable fourbedroom townhouse at 154 East 74th Street sold for $6.5 million. In April, it hit the market once again, asking $9.7 million. In 2007, a similarly sized home on East 71st Street sold for $6.7 million. It hit the market last year and is now asking $8.7 million. Even a more recent purchase, a slightly larger, five-bedroom townhouse on East 87th Street that sold in 2013 for $4.7 million

was listed last spring with an asking price of $7.8 million. Regardless of whether these homes eventually achieve their asks, after a decade or

Keith and Inga Rubenstein’s 14,000-square-foot, $79.5 million townhouse at 8 East 62nd Street, roll for doubles. It last sold for $35 million in 2007. But Sutton Place—once a worthy rival to Park and Fifth Avenues that attracted aristocrats like Consuelo Vanderbilt Balsan, Aristotle Onassis and Elsie de Wolfe, and pop culture icons like Lillian Gish, Marilyn Monroe and Freddie Mercury—as well as neighboring Beekman Place,

so, owners look for a 30 to 60 percent profit on their investments, even in an ostensibly softer market. Only exceptional outliers, like

60 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

Midtown’s Sutton-Beekman corridor, with its history, formality and prestige, is undervalued. Its special cachet is just waiting to be rediscovered.

have become embarrassing exceptions to that norm. Consider the case of 4 Sutton Square, a five-story, fourbedroom townhouse that is a little smaller but far more distinctive than the listings mentioned above. It’s one of 14 townhouses arranged in an L shape around a bucolic, private garden cantilevered above FDR Drive, between East 57th and Sutton Place (né East 58th Street). In 2005, the then CEO of Abercrombie & Fitch, Mike Jeffries, laid out $10.9 million for the 1921 brick abode abutting the exclusive garden. He then

THE HISTORY OF A PUNK, PRETTY, POWERFUL COLOR

September 7, 2018 – January 5, 2019 Admission is free

fitnyc.edu/museum #MuseumAtFIT #HistoryofPink This exhibition has been made possible thanks to:

6 1ST S T R E E T

T I M E S

F L AT I R O N

S Q U A R E

M E AT PA C K I N G S O U T H

B O O K DOWNLOAD

B E A C H

THE GLAM&GO APP IOS &i ANDROID VISIT GLAMANDGO.COM CALL 844.GET.GLAM 7AM–7PM, MON–FRI

U P P E R E A S T S I D E

S A N TA

M O N I C A

A S T O R

P L A C E

PA R K

AV E .

Damali Bridal Makeup

BEAUTY CONCIERGE Hair

Gentlemens Grooming

www.damalibridal.com 917.929.7131 @DamaliBridal AUGUST | SEPTEMBER 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 61

S URRE A L E STATE poured some $4 million into a meticulous, extremely tasteful renovation of the property, taking it down to the studs, adding gray lacquer to the walls, and preserving the property’s historic mahogany paneling and seven wood-burning hearths. In the fourth-floor bedroom suites, the walls are covered in cashmere. The best of that renovation is visible in the grand, two-level library and sitting room, with its arched windows, intricate woodwork and gorgeous twin terraces, affording both garden and river views. But today, nearly thirteen years and $15 million later, the vine-covered beauty is asking a mere $12.9 million. Other excellent townhouses in the area, like 13 Sutton Place (which is being offered at a loss) and Guy Wildenstein’s place at 7 Sutton Square (which has been

sitting on the market for two years at $39 million), are facing the same briny pickle. Wildenstein—who was recently cleared of tax evasion charges and a $265 million fine in France—paid $32.5 million for the mansion in 2008. It, too, looks to have enjoyed a very careful and expensive renovation. It’s likely that he’s also selling it for close to cost. To some, listings like Wildenstein’s or Jeffries’ are evidence that the SuttonBeekman corridor, which offers the same history, formality and arguably prestige within walking distance of the Upper East Side, is undervalued. It’s just waiting to be discovered. “If you appreciate the amenities available on Park Avenue you are going to appreciate the amenities on Sutton Place,” says real estate

appraiser Jonathan Miller. “So to someone who isn’t obsessed with living on Park Avenue, it’s a value play. You get more for your money.” To others, Sutton isn’t a deal waiting to be had. Instead, the luxury microcosm along the East River is weak for a reason: its far-flung location. Good buildings, they say, exist like a halo around Central Park, while Sutton Place residents face a 20-minute walk to get there. “The market is down and it’s priced accordingly,” says Lauren Muss, the Douglas Elliman broker marketing Jeffries’ home. “Sutton Place has always been a little bit less than everywhere else. Fifth and Park will always get more than East End and Sutton.” Still, Muss adds that she believes in a Sutton Place renaissance, pointing to the

area’s peace and serenity, a rare amenity in Manhattan. “It’s a very special place with a special cachet,” she says. “And 4 Sutton Square is a little jewel box.” And perhaps it’s worth noting that Sutton Place has seen some sizable sales in the past. For instance, the townhouses at 8 and 12 Sutton Place, which were combined by investor Neil McConnell in 1973, sold for $30 million in 2008. Meanwhile, 16 Sutton Square (the longtime home of former Goldman Sachs chairman John C. Whitehead) wants $24.5 million. A sale that size for a single townhouse would no doubt set a welcome precedent in the elite enclave—as would a deal for the Wildenstein estate. But for now, Sutton Place is more of a parking spot than a vehicle.

“Everyone has a different motivation when buying or selling a home. The key is to listen and understand each person you are working with so that he or she ends up happy.” arc Braun s commitment to finding the perfect home for her clients is the driving force that has led to her outstanding success in real estate. She has an innate abilit to find the perfect home that meets her clients needs and fulfills their dreams. Her recent move to ouglas lliman and the establishment of the Braun Team at ouglas lliman Real state with ichael Commander has allowed her to expand her abilit to meet her client s needs through the firm s international presence, outstanding marketing resources and expansive referral network in the luxur markets.

Southampton | $2,995,000 | ew construction for 201 . Custom 4-bedroom, 4.5-bathroom home on more than one acre boasts modern exterior with vertical cedar planks, metal roof, and man green features. Web# H105009

THE BRAUN TEAM at D ou gl as E l l im an Real E s t at e

MARCY BRAUN

MICHAEL COMMANDER

Lic. R.E. Salesperson

O: 631.537.6069 M: 516.375.6146 marcy.braun@elliman.com

31.537.41 2 31.47 .3 40 michael.commander elliman.com

62 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

ChrisChris Lee Lee

W E D N E S D AY, O C T O B E R 3 , 2 0 1 8 W E D N E S D AY, O C T O B E R 3 , 2 0 1 8

Renée Fleming Renée Fleming

Michael Tilson Thomas Michael Tilson Thomas

Audra McDonald Audra McDonald

Carnegie Hall’s Opening Night Gala sets the stage with world-class artists, launching the season followed by an elegant Carnegie Hall’s Opening Gala sets the stage with world-class artists, launching theinseason followed by anHall’s elegant black-tie dinner at theNight magnificent architectural landmark Cipriani 42nd Street—all support of Carnegie black-tie at the magnificent architectural landmark Cipriani 42nd Street—all support ofthat Carnegie Hall’s artisticdinner and educational programs. Don’t miss out on attending this New York Cityin social event features artistic and educational programs. Don’t miss out on attending this New York City social event that features Renée Fleming, Audra McDonald, and the San Francisco Symphony conducted by Michael Tilson Thomas. Renée Fleming, Audra McDonald, and the San Francisco Symphony conducted by Michael Tilson Thomas. GALA LEAD CHAIRMEN GALA LEAD CHAIRMEN

Mercedes T. Bass Mercedes T. Bass

Hope and Robert F. Smith Hope and Robert F. Smith

Opening Night Gala Lead Sponsor: PwC Opening Night Gala Lead Sponsor: PwC

carnegiehall.org/OpeningNight2018 carnegiehall.org/OpeningNight2018

Special Events Office: 212-903-9679 Special Events Office: 212-903-9679

Photos: Tilson Thomas by Chris Wahlberg, Fleming by Chris Lee, McDonald by Jennifer Taylor. Photos: Tilson Thomas by Chris Wahlberg, Fleming by Chris Lee, McDonald by Jennifer Taylor.

AM0918_Carnegie Hall_r0.indd 1

1/8/2018 7:27 AM

THE BAKER HOUSE | 1650 “ Mo s t Ex cellen t In n in th e A m ericas” –Condé Nast Johansens

EASY TO LOVE. HARD TO LEAVE

THE BAKER HOUSE 1650 AND THE BAKER CARRIAGE HOUSE stand as the most exclusive Bed & Breakfast accommodations in the Hamptons — unsurpassed in its sumptuous, yet casual luxury.

“THE MOST DISTINCTIVE B&B ON THE EAST END IS SO MIND BOGGLING GORGEOUS THAT IT’S HARD TO BELIEVE ANYONE IS ACTUALLY ALLOWED TO SLEEP HERE.” –Time Out New York

BAKERHOUSE1650.COM 181 Main Street, East Hampton, NY 11937, United States | 631.324.4081

AM0918_Baker House_r0.indd 1

30/7/2018 12:26 AM

IN THE SWING OF THINGS

From the Hamptons to New York and back again Henri Cartier-Bresson, The Decisive Moment (Simon & Schuster, 1952), “Chez Gégène,” Joinville-le-Pont, France, 1938. © Henri Cartier-Bresson/Magnum Photos. On view at the International Center of Photography. APRIL | MAY 2017 • AVENUE MAGAZINE | 65

G the

ift and abby ianpaolo of

THE BUSY DAYS AND BUZZY NIGHTS OF GIANPAOLO AND GABBY KARAN DE FELICE by Kelly Laffey photographs by Luca Babini

makeup by Berta Camal All clothing available at Urban Zen

nyone who has been to Italy is familiar with siesta—the midday break that encourages people to relax and businesses to close. Though the concept sounds great in theory, it can be aggravating in practice. When does siesta officially start? How long does it last? When will the grocery store reopen? It’s impossible to plan how siesta could impact an afternoon. So, most visitors learn that I che c’è c’è. It is what it is. Embrace what comes. Gabby Karan de Felice and Gianpaolo de Felice are like siesta, in that they’re tough to pin down. One day they’re in the Hamptons. The next, New York City. And soon they’re back again. They go with the flow. But they’re not napping. In stark contrast, the duo is constantly in motion. He is a business-minded Italian pilot, formerly with the military and then Alitalia. She, the daughter of fashion icon Donna Karan, has a creative outlook. They met in Italy while she was on a styling assignment with the New York Times. They embarked on a transcontinental relationship and wed in 2000. Together, they opened and manage a trio of southern Italian restaurants, two in the Hamptons and one in New York City, all called Tutto il Giorno. I meet the duo on a June Thursday at Tutto’s Tribeca location. Gabby warmly greets me. Gianpaolo has to finish up a call. We chat about their new Sag Harbor location, which opened at 16 Main Street over Memorial Day weekend. It was created in partnership with Donna Karan’s Urban Zen lifestyle store, with the whole space channeling a comfortable, well-styled Hamptons living and dining room. Gabby offers me wine. Gianpaolo circles our table, focused on his phone. The chic but rustic decor and cool lighting, all styled by Gabby and sourced from Urban Zen, almost make me forget that it’s a weekday afternoon. I hesitate before I decline. Gabby instead suggests I try the avocado toast, which is on the spuntino, or snack, menu. I can’t resist. Gianpaolo lands before the food does. “I’m the better half,” he says by way of introduction. Earlier that day, he had ridden his motorcycle into New York from the Hamptons. “It’s been exhausting opening Sag,” says Gabby. “But honestly, our life is like that…[Today] I said, ‘Why don’t we just go to Bar Pitti and sit outside and have lunch?’ That was really nice—to have [a] moment where it’s just about you and not about work. We probably won’t have another [lunch together] for, like…” She laughs as she cuts herself off. “We have two teenage kids. We’re involved in charities. We have three properties we’re running. Our life is just super full,” she continues. “And more to come,” interjects Gianpaolo. “Three properties, and more to come.” As they navigate the ups and downs of running a business together, shunning the conventional wisdom that you shouldn’t work with family, “embrace what comes” just may be the de Felice motto.

espite the immense popularity of the Tuttos, both with celebrities like Calvin Klein and Sarah Jessica Parker as well as everyday members of the community, neither Gabby nor Gianpaolo sought to create a restaurant empire. “Doing restaurants was such a departure [from] what I grew up doing, which was fashion, styling and writing,” says Gabby. “My passion is really in flying,” says Gianpaolo. “You never give up your wings,” echoes Gabby, as her husband jokes that his wife “chopped my wings off.” The first Tutto restaurant was in Sag Harbor, at 6 Bay Street. It was a partnership with friends David and Gally Mayer, and Maurizio Marfoglia. “We wanted [a place] in the Hamptons. Because the Hamptons has the beauty and the water—so many things similar to Italy,” says Gabby, whose breezy personality matches the Tutto aesthetic. “We wanted a place we could have fun with.” Gabby was drawn to the original space when she realized that there was a store next to it, which would enable her to tie a lifestyle component to the restaurant. The retail space became the original Sag Harbor Urban Zen. Donna Karan’s luxury lifestyle brand emphasizes what she calls philanthropy commerce—“We’re about dressing and addressing,” says Karan. The store sells artisan furnishings, clothing and accessories. Her Urban Zen Foundation is a nonprofit organization dedicated to raising awareness and inspiring change in the areas of health, well-being, education and cultural preservation. “My mother is such a big influence on what I do,” says Gabby. “So every restaurant I’ve designed, every home I’ve designed, has her [Urban Zen] furniture.” Gabby manages the creative side of the Tuttos, taking on the marketing and communications as well as the interior decorating. Gianpaolo’s turf is business development. They both love food. “On paper, we have separate roles,” he says. 68 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

We have two teenage kids. We're involved in charities. We have three properties we're running. Our life is just super full.”

“On paper!” emphasizes Gabby. They have their differences—“He loves friends. He loves socializing. He loves people. And I love pretty little spaces,” Gabby says—but they balance each other out. On a personal level, that’s why they’ve been together for two decades. And on a professional level, that’s why the Tuttos work. People go there to eat well and to enjoy each other’s company in a place that feels like home. Key to Tutto’s vibe is Gabby’s desire to create spaces that reflect her own life. “I try to be super casual, because we’re casual. We’re not corporate at all,” she says. The furnishings in the restaurant are items that she would include in her own home. “When the owners have a hand in [a restaurant], you really feel that.”

abby and Gianpaolo met by chance in 1999. She was on break from a shoot at the home of shoe designer Andrea Pfister on the Amalfi

Coast and decided to take a boat to the island of Ischia with a friend. Another friend suggested they stay at Mezzatorre, a fancy spa and hotel on the island. “We get into this car, and the cab driver didn’t take us to the hotel. He took us all the way to the other side of the island, to a fishing area called Sant’Angelo. There were no hotel rooms. We were completely lost. I was so stressed out, I was like, ‘Let’s just sit down and eat,’ ” recalls Gabby. Gianpaolo, who was in town after being on the water all day, walked over to Gabby’s table to chat. She eventually left and found a hotel, “but I couldn’t stop thinking about Gianpaolo! So I decided I would go, in my slip gown, and look for water in the square. And there he was!” “I was like, where are you going? Looking for water?” mocks Gianpaolo, with a tone that suggests that he found her spontaneous but quirky decision endearing. The next night, Gabby went back to the restaurant to see him, but found him at another table with “a bunch of friends—and girls. So I got AUGUST | SEPTEMBER 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 69

Gianpaolo's mother makes “the best linguine and clams,” says Gabby.

70 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

AUGUST | SEPTEMBER 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 71

72 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

annoyed and ignored him.” She left, but couldn’t stop thinking about him. He called a few days after she landed back in New York. Now, the family splits their time between their homes in New York and East Hampton, with frequent trips back to Italy, especially Gianpaolo’s native Naples. Gabby cites her mother-in-law’s cooking as the inspiration for their southern Italian restaurants. She makes “the best linguine and clams,” says Gabby, who adds that her own mother also inspired her to enter the hospitality business. “I always went on my own path, [but] she gave me all the tools. I couldn’t do what I do without her,” she explains of her mother’s influence. “I think that’s why I went into the restaurant business. It fed into all the things I love, like having a home and creating a place that people love.” The two remain extremely close, living side by side in East Hampton, in homes that Gabby styled. “I was always the guilty mom who had to go back to work right after Gabby was born,” says Donna. “Am I making up for lost time?” she muses of her relationship with her daughter now. “I always wanted to be with Gabby. “The [Urban Zen] collaboration with Tutto is a life experience,” Donna continues. “Parents and kids come to play chess. They read books.” The new Sag Harbor space is more of a community gathering venue than traditional restaurant. Though there are teak indoor and outdoor tables, Tutto diners are also welcome to sit, eat and drink on the Urban Zen showroom furniture. As with the other Tuttos, Sag Harbor will play host to projects and charitable events that support the de Felices’ favorite causes and people. “We’re all about the community,” says Gabby. The restaurants, all of which are open year-round, emphasize local farmers and vintners. They’ve stopped using plastic straws in a push to help save the environment. Their family life is also community focused, although the couple’s 15-year-old daughter Stefania has little interest in taking over the business. “She made me promise that we’re not allowed to talk about [Tutto] at the dinner table, or on vacation,” says Gabby. Their son Sebastian, who is 13, enjoys cooking. “[He] loves to make dessert,” says Gianpaolo. Juggling the family’s varied interests adds another element to their busy lives—Sebastian enjoys dirt biking and flying. Stefania competes in horse shows most weekends. As a family, they’re also involved in charities, especially Solving Kids’ Cancer. The nonprofit’s annual event this past spring was where I first met Gabby. “I swear I’m not stalking you,” I joked when I introduced myself, referencing the number of times we had chatted on the phone, trying to fit this interview into the couple’s busy schedule. “For me, this event is so special because it’s about inspiring your children to also get involved,” Gabby said at the time. “And, you’re really only as good as how you teach your kids to make a difference.”

n 2009, Tutto opened its second location at 56 Nugent Street in Southampton. When the Tribeca location opened in 2014, they sought to dig their roots even deeper into Gianpaolo’s southern Italian heritage. It was on a trip back to Naples that he discovered executive chef Agostino Petrosino. He was so impressed with a meal that he offered Petrosino the job in New York, but thought that the chances of him accepting were slim. “He’s married. He has kids. He called me back the next day and said, ‘I can come, but I need at least a week because I need to close my restaurant,’ ” Gianpaolo recalls with a laugh. “I said, ‘Done!’ ” Not all aspects of running Tutto have come as easily. In 2016, Gabby and Gianpaolo parted ways with business partner Maurizio Marfoglia. As a part of the deal, Marfoglia kept the Sag Harbor location, renaming it Dopo la Spiaggia, and Gabby and Gianpaolo, with David and Gally Mayer, kept Southampton and Tribeca, as well as the Tutto name. It was a difficult stretch, as the year prior, Gianpaolo was involved in a lawsuit when David Zara, his partner at private aviation company Zen Air alleged that he, among other things, failed to pay him his share of the profits. The suit was later dropped. Gianpaolo declined to discuss it. Aside from those two blips, easy humor seems to define their relationship, and a casual can-do attitude has allowed them to completely focus on moving forward with great success—and little room to relax. When Urban Zen left its Bay Street space last year, Gabby decided that it was time to find a new collaborative endeavor with Donna. “That’s when I stumbled upon this property,” she says of the new space, which was formerly Muse in the Harbor. The opening came on the heels of a complete renovation of the Southampton Tutto earlier this year. “It’s important to reinvent yourself,” says Gabby. “I feel like so many people just leave [things] alone, [but] it’s good to shift things up and change them around.”

“II try to be super casual, because we we’’re casual. We re not We’ corporate at all.”

ne thing that has not changed, however, is the work that Gabby and Gianpaolo put into keeping their restaurant authentically southern Italian. “It’s lighter,” says Gabby of southern Italian cuisine. “They make everything right with olive oil, garlic and tomatoes. And then they take those three things and put it on anything, whether is broccoli rabe, whether it’s pasta, whether it’s crazy water fish.” “It’s really called pesce alla’ acqua pazza,” clarifies Gianpaolo. “But if you translate it, it comes out as ‘crazy water fish. If you don’t explain it, people look at you like, ‘Oh, you’re crazy!’ ” “My husband teases me,” said Gabby. “He said to me before I met him, I didn’t know fish had eyes. He’s like, “ ‘You’re a New Yorker…’ ” Though that may be true, Gianpaolo has seamlessly made the transition from simple Italian sensibilities to those of a driven New Yorker. “My dream is to conquer the Hamptons,” he says, envisioning a floating Tutto boat cruise and a Tutto-branded flight service from New York to the Hamptons. “My wife is a bit more easygoing.” “I want to conquer having a life,” Gabby says.

AUGUST | SEPTEMBER 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 73

74 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

“On paper, we have separate roles,” Gianpaolo says. “On paper!” emphasizes Gabby. AUGUST | SEPTEMBER 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 75

TEN YEARS AFTER AT THE END OF THE SUMMER OF 2008, THE GREAT RECESSION BEGAN WITH THE COLLAPSE OF LEHMAN BROTHERS. A BESTSELLING AUTHOR OF BOOKS ON WALL STREET WORRIES THAT THE MORE THINGS HAVE CHANGED, THE MORE THEY’VE STAYED THE SAME.

by William D. Cohan illustrations by Matt Collins

AUGUST | SEPTEMBER 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 77

hroughout much of American history, financial crises have slapped us around at least once every 20 years— about the same time it takes for a new generation of bankers, traders, speculators, Wall Street executives and government officials to forget all about the calamitous mistakes made previously and to start making them again. (The lone exception, the long stretch between the Great Depression and the stock market crash of 1987, saw the capital markets mostly quiescent for reasons that no longer apply.) On the tenth anniversary of the collapse of Lehman Brothers—the event that marked the start of the Great Recession—the question is, are we due, or overdue, for another financial crisis? It seems hard to fathom,

doesn’t it? Despite wobbles in the Dow Jones Industrial Average since ithit its January all-time high of 26,616, inflation is at low levels; the unemployment rate, 3.8 percent, is at a 20-year low; and annual GDP growth seems poised to break out of the 2 percent rut it’s been in for a decade. We appear to be squarely in the long-desired Goldilocks Economy— not too hot and not too cold, just about right. Even the New York Times editorial board had to grudgingly admit in June that the current economy was “if not shining, certainly sunny.” But it might be wise to worry that the next financial crisis is something like what you see in a side-view mirror: closer than it appears. While there 78 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

were many causes of the Great Recession, four of the most virulent remain problematic today, suggesting that it is only a matter of time before they conspire together again to shake the confidence that is essential to the proper daily functioning of our capital markets. And that’s before we factor in Mr. High Beta himself, Donald Trump.

n the years leading up to 2007, when the first cracks began to appear in the mortgage markets, there was what people on Wall Street referred to as “light touch” regulation from Washington. There were a variety of different regulators—among them the Federal Reserve, the Securities and Exchange Commission, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Commodity Futures Trading Commission—but none were particularly vigilant about monitoring what was going on at the big Wall Street banks or at their smaller counterparts across the country. For instance, the S.E.C., then Wall Street’s chief regulator, rarely showed up inside a Wall Street firm. This, of course, was just the way the banks wanted it. That changed dramatically after the financial crisis and the passage of the monumental, and monumentally complicated, Dodd-Frank Act. Suddenly, there were new rules about how much capital big banks were required to have and how much risk they were allowed to take. The Federal Reserve took over from the S.E.C. as the “prudential” regulator of Wall Street. Daniel Tarullo, then the Federal Reserve Board governor charged with overseeing Wall Street, was especially vigilant about trying to make sure what happened on Wall Street in the run-up to the financial crisis would never happen again. A new era of regulatory diligence had dawned. Since then, regulators have been swarming around Wall Street firms, often establishing offices on-site at the banks, as well as expecting regular access to their loan portfolios and their boardrooms. Donald Trump is dismantling all that. Tarullo is long gone, replaced by the far more accommodating Randal Quarles, a former private equity investor. In May, Congress rolled back parts of Dodd-Frank and dramatically changed the size of the banks—those with $250 billion or more in assets—that must remain under its purview. To accommodate Wall Street, the Federal Reserve is now considering eliminating the parts of Dodd-Frank—known as the Volcker Rule (after the former Fed chairman who came up with it)—that regulates how much risk firms could take. The Fed has proposed that the banks themselves be the final arbiter of their own risk-taking, rather than regulators. We haven’t quite returned to the days of “light touch” regulation, but they don’t seem that far off anymore. That’s only problem number one.

roblem number two is the fact for most of the last decade, thanks to the Federal Reserve’s so-called “zero interest rate policy,” risk in the credit markets has been badly mispriced. What does that mean? Shortly after the onset of the financial crisis, and for

the next eight years or so, former Fed chairman Ben Bernanke instituted a policy known as “quantitative easing,” which had the effect of pushing long-term interest rates to their lowest levels in decades. At the same time, the Fed pushed short-term interest rates to near zero, too. Bernanke’s idea was to make borrowing money so cheap—with interest rates close to zero—that demand for loans would go up and cheap capital would be available to jump-start a moribund economy. It worked pretty well, too, especially for borrowers with pristine credit ratings. But there were unintended consequences. Among them was what I call the Yield Hunger Games—investors’ unquenchable desire to find higher returns for their cash. With the Fed keeping interest rates intentionally low—warping the market, in fact—and with Treasury securities yielding around 1 percent or less, investors started bidding up the price of riskier bonds with higher coupons, or interest rates. Since bond prices trade in inverse proportion to their yields, as investors bid up the price of so-called high-yield, or “junk,” bonds, their yields went down. Whereas one rule of thumb would have high-yield bonds yielding around 10 percent annually—to reflect the credit risk of the company issuing them—in the world of the Yield Hunger Games such bonds were yielding some 5 percent or less. That’s how risk gets mispriced, when investors, desperate for yield, pay too much for bonds that would be worth less in an environment where risk is properly priced. When the real value of those bonds gets adjusted in the marketplace—as is inevitable at some point see the value of the bonds of the now liquidating Toys “R” Us as but one

money to grow their businesses or to operate. Those loans generally are made on a long-term basis, of one, five or ten years. But our deposits are “on demand,” meaning that when we go to an ATM machine and put in our card, we expect the money we have deposited to come out of the slot. We don’t even think about it anymore. The truth is our money is not at the bank, and never has been. Our deposits have been lent out on a long-term basis to borrowers all around the world. Banks make their huge profits—JPMorgan Chase made a stunning $8.71 billion in net income in the first quarter of 2018—lots of different ways, but one of the most lucrative is by taking the raw material we give them nearly for free—our deposits—and then lending that money out at much higher rates of interest, capturing the “spread” between one and the other. That’s fractional banking—which works just fine until people lose confidence in their banks, and worry that their money won’t be there when they want it. That’s when this kind of banking leads to disaster. Banks can fail very quickly. Bear Stearns collapsed in a week and Lehman Brothers seemingly over the course of a weekend. Needless to say, banks are still in the business of “borrowing short” and “lending long,” and this fundamental flaw remains little more than bone-dry kindling on the forest floor.

hich bring us to the match that can ignite the kindling: the compensation system on Wall Street that still rewards big risk-taking with other people’s money. Bankers, traders and executives get big bonuses—often in the millions of dollars—to generate revenue from selling whatever products they are told to sell, be they mortgage-backed securities, stock and bond underwritings or wacky derivatives. Once upon a time, when Wall Street was a series of undercapitalized private partnerships, where people with last names like Lehman, Goldman, Sachs and Morgan had their own capital invested in their firms, they also had their entire net worth on the line every day. Wall Street is a dangerous place, it’s worth remembering, and things often went wrong, with firms going out of business all the time. For generations, there was accountability for bad behavior on Wall Street where it mattered most: in the bank accounts of the partners at the firm. But that ethic began to change nearly 50 years ago, when, led by the brokerage firm Donaldson, Lufkin & Jenrette, one Wall Street partnership after another “went public,” by selling a slice of their equity to investors. Where once the risk of the firm was borne by the partners in the firm, over time it has become a firm’s creditors and shareholders that bear the most risk, as was especially obvious when Lehman failed ten years ago (and would have been obvious too in the cases of Bear Stearns and Merrill Lynch but for government bailouts). Bankers and traders are rewarded for generating revenue, not for prudent risk-taking. Let’s face it, people are pretty simple: they do what they are rewarded to do. On Wall Street today, as in the years before 2008, people are rewarded to take big risks with other people’s money, with little or no accountability when it comes to bad behavior. I could be wrong about all this of course. But most of the factors that caused the last financial crisis remain in play. My bet is that the next one is right around the corner. Happy anniversary!

“IT MIGHT BE WISE TO WORRY

THAT THE NEXT FINANCIAL CRISIS IS SOMETHING LIKE WHAT

YOU SEE IN A SIDE-VIEW MIRROR: CLOSER THAN IT APPEARS.” example)—lots and lots of money can be lost. Suffice it to say, that a similar version of the Yield Hunger Games occurred in the years leading up to the financial crisis—only this time, the Fed has kept interest rates even lower for even longer. Big underappreciated problem.

roblem three relates to the DNA of banking itself, the very nature of “fractional banking.” Banks of all stripes—whether big “depository” institutions such as JPMorgan Chase or Bank of America, or what were once known as Wall Street securities firms, such as the defunct Bear Stearns or Lehman Brothers—operate on the simple premise of “borrowing short” and “lending long.” In other words, our deposits—of which JPMorgan Chase has around $1.5 trillion—are part of the raw material that banks use to make loans to corporations, companies, governments and educational institutions that need the

AUGUST | SEPTEMBER 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 79

W E N

k n u

S I K N PI

E TH

.I.T. F S K A KS: UT PIN C LLO K AB O O B NIAL TO THIN N E L MIL HOW E H D T HEREâ&#x20AC;&#x2122;S N I ER M SHOW, V E N IT A S E GIV

by Valerie Steele photographed by Kevin Kinner

82 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

Top by Solid and Striped. Earrings by Roxanne Assoulin.

I’ve always hated pink. Of course, I love peonies, pink champagne and pink diamonds. But when it comes to clothes, like many New Yorkers, I tend to dress in black, like a ninja. I’m a fashion historian and the director of the Museum at F.I.T., so I know that pink has had a long and illustrious history in fashion—from Pompadour pink in the 18th century to Schiaparelli’s Shocking pink, Christian Dior’s Boréal pink and Prada’s Candy pink. But pink has also been a polarizing color. In the “Think pink!” scene from Funny Face (1957), for example, all the women at the fashion magazine are suddenly dressed in pink, except the fashion editor Miss Prescott (based on Diana Vreeland), who wears a dark charcoal suit. When one of her young colleagues asks why she’s not wearing pink, Miss Prescott crisply replies that she “wouldn’t be caught dead” in it. Until recently, those would have been my sentiments exactly. Today, though, you’d have to be blind not to have noticed all the fashionistas wearing pink. What happened? How did pink become cool and androgynous? I started noticing pink about three years ago. First in women’s fashion. Just a trend, I thought. Then men started wearing pink. The breakout year was 2016, when Véronique Hyland of The Cut coined the term “Millennial pink,” which she described as “pink without the sugary prettiness.” Millennial pink was a reaction against the clichés associated with “feminine pink,” a concept which was itself a mishmash of stereotypes from past decades, especially the 1950s–1980s. Sweet and innocent little girl pink was heavily promoted in the 1950s, as part of the pink-for-girls and blue-for-boys gender stereotype.

AUGUST | SEPTEMBER 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 83

Millennials wanted to look pretty, but they didn’t want to look like cupcakes. Nor did they want to look as though they’d come out of a bordello in flashy, flamboyant pink. Millennial pink began as a dusty beige-pink, but soon other shades, from salmon to watermelon, appeared. It wasn’t any particular shade that was problematic, it was the fact that pink carried so many negative associations. Pretty, but childish and sexually objectified. By contrast, black clothes are perceived as serious and powerful, which is why there is a long history of Men in Black. Black is also elegant: the Little Black Dress and the tuxedo. Black is edgy: black lingerie and a black leather jacket. Artistic: a modern dancer in a black leotard. Intelligent: a philosopher in a black turtleneck. Even when black is bad, it’s good: The devil is the prince of darkness, and the dandy is the black prince of elegance. The term “Millennial pink” is now démodé, but the past few years have revolutionized how we look at pink. Symbols like the pink ribbon and the pink triangle proclaimed the power of pink. African American men, like Dapper Dan and Harlem rapper Cam’ron, were confident enough to wear pink, which has had an impact on men everywhere. The avant-garde Japanese designer Rei Kawakubo of Comme des Garçons, once known for designing in seven shades of black, pioneered transgressive pink, in collections such as “Biker/Ballerina” and “18th-Century Punk.”

84 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

PINK WILL NEVER BE ‘THE NEW BLACK,’ BUT IT HAS CHARISMA.

THE TRIUMPH OF PINK CONTINUES, BECAUSE IT GOES WAY BEYOND WOMEN’S FASHION TO INFLUENCE EVERY ASPECT OF VISUAL CULTURE. Alessandro Michele of Gucci has also made pink central to his revolutionary maximalist style for both men and women, while Pierpaolo Piccioli of Valentino gracefully combines punk pink with the most glamorous haute couture. Pink will never be “the new black,” but it has acquired some of black’s charisma. This is why fashion’s passionate love affair with pink shows no sign of ending. Forecasters keep predicting that pink is about to give way to another color, such as orange, green, or purple. We are certainly seeing those colors on the runway, and you may wear them this fall, but you’re equally likely to be wearing lavender pink or pink-and-pistachio. More significant, the triumph of pink continues, because it goes way beyond women’s fashion to influence every aspect of visual culture—from pink interiors to the popularity of pink in Instagram posts. Look for pink wallpaper, furniture, paintings, and porcelain. Pompadour pink meets New York black. It’s the fierce look of punk pink leather. “Pink: The History of a Punk, Pretty, Powerful Color” opens on September 7th at The Museum at F.I.T. A book with the same title is published by Thames & Hudson.

AUGUST | SEPTEMBER 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 87

1. Renovated Elegance Upper West Side. 3BR, 3 Bath. $3.85M. Web# 18628043. Felise G. Gross 212-588-5681 2. Loft Triplex in Prewar Condo Tribeca. Co-Excl. 3BR, 3 Bath. $3.99M. Web# 18532261. Scott Harris 212-317-3674 Eleni Kanalos 212-396-5877 3. Grand 20’ Home on Best Block Upper West Side. 5BR, 4.5 Bath. $8.995M. Web# 18619449. Lisa K. Lippman 212-588-5606 Gerard “Scott” Moore 212-588-5608 4. Pied-A-Terrace Chelsea. 3BR, 2.5 Bath. $6.9M. Web# 18491254. Burt F. Savitsky 212-906-9337 Maria Serena Torresy 212-906-9317 Jessica L. Savitsky 212-906-9273 Cathy Angert 212-906-9377

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. All rights to content, photographs and graphics reserved to Broker. Equal Housing Opportunity Broker.

AM0918_BHS Spread_r0.indd 2

1/8/2018 7:31 AM

5. Picture Perfect Park Views Midtown West. 3BR, 3 Bath. $9.75M. Web# 18648933. Gregory M. Roache 212-588-5662

6. Hudson Square Beach House Soho. 2BR, 2.5 Bath. $2.595M. Web# 18462577. Mark J. Policarpio 212-452-6259 Mike Lubin 212-317-3672 7. Mint 2BR Condo w/ Open Views Upper West Side. 2BR, 2 Bath. $1.75M. Web# 18619102. Daniella G. Schlisser 212-906-9348 Matthew D. Hughes 212-906-9351

8. 3-4BR with Central Park View CPW & 97th. 3BR, 3 Bath. $2.8M. Web# 18607089. Edward F. Joseph 212-588-5646 9. Patio Lovers, Prime Location East Side. 2BR, 2 Bath. $1.995M. Web# 18509336. Laura G. Sirkin 212-317-7709

10. Newly Renovated 2BR, 2 Bath 5th Ave & 20th. 2BR, 2 Bath. $2.695M. Web# 18650247. David E. Kornmeier 212-588-5642 Siim M. Hanja 212-317-3670 Rudi Hanja 212-317-3675 Nicole Palermo 212-452-6252 11. Stunning Penthouse, 2 Terraces Upper East Side. 4BR, 3.5 Bath. $6.495M. Web# 18618610. Leonel Piraino 212-906-9363 Rafael Salas 212-906-9286 12. Prewar Elegance on Park Avenue Upper East Side. 3BR, 3 Bath. $4.9M. Web# 18191893. Heather Sargent 212-712-1116 Caitlin Williams 212-712-1117

13. Live by Design East 70s/Fifth Ave. 8BR, 5.5 Bath. $29.995M. Web# 18487854. Paula Del Nunzio 212-906-9207

AM0918_BHS Spread_r0.indd 3

1/8/2018 7:31 AM

ASK HALL AND BESS

A MOMENT WITH TWO OF THE CITY’S

TOP

REAL ESTATE

TEAMWORK AND TECHNOLOGY

EXPERTS...

Hall F. Willkie, Co-President, Brown Harris Stevens, 212.906.9203 or hwillkie@bhsusa.com Bess Freedman, Co-President, Brown Harris Stevens, 212.906.9234 or bfreedman@bhsusa.com

“It’s not the technology you build that will define you. It’s the teams you build, and what people do with the technology.” —Sheryl Sandberg Residential real estate brokerage is a relationship business. Technology brings information, and agents bring knowledge and service. Combined, they create the perfect “team.” The best information, knowledge and service—in the right hands—are redefining the culture of success in residential sales. 90 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

AM0818_Pierre_r0.indd 1

19/7/2018 3:18 PM

Equa West

prioker.

Does your real estate broker have: •

The top sales award for the last 10 years?

•

Over 25 years of success in Quogue, Westhampton Beach, and Remsenburg?

•

2 of the 4 highest sales ever in Quogue?

•

The highest sale ever in Westhampton Beach?

•

1 of the 2 highest sales ever in Remsenburg?

•

A stellar reputation for professionalism?

•

A comprehensive knowledge of construction?

•

A creative take on marketing and promotion?

•

I have all of the above!

Marcia Altman

Licensed Associate Real Estate Broker 631.288.5004 | c: 631.255.5100 maltman@bhshamptons.com

Equal Housing Opportunity Broker. Brown Harris Stevens Westhampton, LLC. 70 Main Street Westhampton Beach, NY 11978 • 631.288.5500

1. Fifth Avenue Elegance Upper East Side, NYC | 5 BR, 6.5 BA Price Upon Request | Web#18726715 Elaine Tross 212.381.3322 Arlene Weidberg 212.381.3321

2. Dream Terrace Greenwich Village, NYC | 2 BR, 2.5 BATH $5,250,000 | Web#18527115 Nora Ariffin 212.381.2249 Christopher Kromer 212.381.2334

3. Dramatic 4 Room with Views Midtown West, NYC | 1 BR+Den, 2.5 BATH $4,995,000 | Web#16872898 Jay K. Overbye 212.381.2247

4. Exceptional Home w/Gourmet Kitchen Upper East Side, NYC | 3 BR, 5 BATH $3,295,000 | Web#17992983 Louise Phillips Forbes 212.381.3329

5. Grand, Graceful & Glamorous Condo Upper East Side, NYC | 3+ BR, 3.5 BATH $18,995,000 | Web#18398156 Art Irwin 212.381.3263

6. Turnkey Classic 6 in the Sovereign Midtown East, NYC | 3 BR, 2.5 BATH $2,695,000 | Web#18418922 Nutan Desai 212.381.3212

7. Dreamy 3 BR Condo Upper West Side, NYC | 3 BR, 2.5 BATH $2,595,000 | Web#18652981 Emma Kerins 212.381.2318 Michael Kerins 212.381.2398

8. Incredible Panoramic Views Midtown East, NYC | 2 BR, 2 BATH $1,395,000 | Web#18106818 Elayne Reimer 212.381.3372

Move to What Moves You Halstead Manhattan, LLC; Halstead East Hamptons, LLC; Halstead Hamptons, LLC; All information is from sources deemed reliable but is subject to errors, omissions, change or price, prior sale or withdrawal without notice. No representation or guaranty is made as to accuracy of any description. All measurements and other information should be re-confirmed by customer.

AM0818_HALSTEAD SPREAD_r0.indd 2

26/7/2018 12:27 PM

1. Move-In Ready East Hampton, NY | 6 BR, 6 BATH $3,195,000 | Web#105610 Timothy O’Connor 631.771.5321

2. Stylish Traditional East Hampton, NY | 4 BR, 3.5 BATH $1,250,000 | Web#105183 Paul Brooke, Jr. 631.771.5313

3. Contemporary with Pool & Tennis Southampton, NY | 5 BR, 5.5 BATH $2,195,000 | Web#104273 Janice Hayden 631.702.7513

4. It Feels Good To Stretch Amagansett, NY | 3 BR, 3 BATH $925,000 | Web#105093 William Kuneth JR 631.771.5319 1

5. Golfer’s Dream Come True Southampton, NY | 6 BR, 6 BATH $3,895,000 | Web#105535 John Manley 631.702.7512

6. Ultimate Retreat Wainscott, NY | 5 BR, 6 BATH $2,100,000 | Web#100794 Robert Brody 631.771.5316 Leslie Hillel 631.771.5311

7. New Traditional With Water Views Sag Harbor, NY | 5 BR, 4.5 BATH $3,295,000 | Web#105387 John Manley 631.702.7512

8. Renovated & Completely Turn-Key East Hampton, NY | 4 BR, 3 BATH $1,495,000 | Web#105559 Timothy O’Connor 631.771.5321 5

AM0818_HALSTEAD SPREAD_r0.indd 3

26/7/2018 12:27 PM

F I NANC I A L ROU N D TA BL E

Dollars and Sense MARKET ADVISORY FROM OUR PANEL OF EXPERTS

moderated by Kelly Laffey photographed by Michael Ostuni/Grassi

96 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

AVENUE: Can you talk about how families should plan for students leaving for college? HENRY: The impending departure for college is an opportune time for open dialogue between parents and their children. At Northern Trust, we created a checklist for clients of what we think are several essential discussions—from healthcare, the implications of financial independence, insurance, even absentee voting. One of the most important is deciding whether a son or daughter will sign a healthcare proxy, which allows their parents to be informed if they are somehow incapacitated. It may also be useful to execute a power of attorney, which allows parents to take on certain legal responsibilities, like signing a lease while the student is away at school. Finally, there is the question of whether it may make sense to consider a will (and or a living will). All of these conversations are imbued with the weight of what it means to be an adult and, in our experience, help in the transition to what for many young people is their first real step toward independence. JOEL: For a lot of the high-net-worth clients, they actually get a big price break when the kids go to college, especially if they’ve been paying for private school in the city and they’ve saved their money through the 529 plan. Kids go to college around the same time when a mortgage might be getting paid off, so it’s a nice catalyst for the parents to also look at it from their own standpoint, particularly so they can ensure that this decade gets them to where they want to be as far as retirement.

AVENUE: On June 13, the Federal Reserve raised interest rates, and signaled there will be two more increases by the end of the year. They said the economy has improved enough for borrowing costs to increase without stunting economic growth. Was this a good move? Why or why not? MARK: The market expectations are the Federal Funds rate will probably be close to 2.25 percent by year end, and perhaps 3 percent as we head into the end of 2019. It reflects the realities of our growth prospects today. Clearly, the economy has good momentum. The jobs numbers have never been better. GDP projections are moving higher. I think the normalization of rates is more reflecting this reality. The Fed has moved from a $1 trillion balance sheet pre-2007 to $4 trillion today. They need to normalize those rates, and therefore they will continue to liquidate their portfolio holdings because they need ballast in the event that we experience another potential downturn in the future.

TONY: I agree. I think that one of the reasons why the Fed is able to move as aggressively as it has is because the economy is experiencing a fair amount of fiscal stimulus that wasn’t necessarily expected a year or two ago, in the form of both the tax packages as well as the current budget deficit. So all of that is creating a lot of tailwind for the economy. The Fed can step out now as being the accommodator of first resort, and allow Congress to play a role here. ALLAN: I’m concerned about the Fed raising rates. For one, I think they’re playing catchup. We’ve had a really strong economy for a number of years now, and they are now rushing and raising rates at a faster pace than before. Right now, we have a situation where you’ve got fiscal policy stepping on the gas through the $1.5 trillion tax cut, and you’ve got the Fed stepping on the brakes. These things are creating volatility. They’re creating some pain to come. You see a flattening of the yield curve, which, every time it goes inverted, tends to lead to really bad things. The pace of rising rates puts pressure across the economy, both on consumers and then also on companies.

“Higher expected returns are primarily coming from growth assets, so diversification is crucial” —Mark Lieberman

AVENUE: What are your views on inflation and the impact on asset allocation of the clients? HENRY: Our investment process is driven by the clients’ goals and asset sufficiency—what they own, what they will own and what they owe and will owe. As such, thinking about the inflation rate is essential to thinking about assets and income in the future. We do all of our planning for clients on a “triple net” basis—meaning looking at results net of fees, taxes and inflation. This helps clients to visualize the choices that they are making and how they are invested in the context of what they actually have and will have. Inflationary pressures are real, and seeing their impact, regardless of level, is hugely valuable for clients.

Participants ALLAN BOOMER, Managing Partner and Founder of Momentum Advisors

JOEL ISAACSON, President of Joel Isaacson Company.

HENRY P. JOHNSON, President, East Region, Northern Trust Wealth Management

MARK LIEBERMAN, Managing Director at First Principles Capital Management, a subsidiary of American International Group, Inc. (AIG)

TONY ROTH, Investment Officer of Wilmington Trust and MT Bank

KELLY LAFFEY, moderator

ALLAN: I don’t think inflation generally is an issue, except in certain pockets. First is labor and wage inflation. It’s politically popular to raise the minimum wage, but there are a lot of businesses that are being squeezed by this, versus having more of a market mechanism on wages rising. The second is oil prices. Because of what’s going on politically, you’re starting to see oil prices go up. That impacts the pump, which is like a tax. Higher interest rates, and higher wages, will then lead to higher prices for service items. Coupled with the price at the pump going up, too, that really will start to crimp the consumer ultimately. MARK: It is important to understand the potential impact of inflation and interest rates on investment portfolios. It is more important for investors to monitor inflation-adjusted real yields rather than nominal yields. Higher real yields are very destructive for growth assets and capital formation. Real yields can increase in one of two ways: One, the Fed aggressively raises interest rates faster than inflation expectations, and overshoots their inflation target.

AUGUST | SEPTEMBER 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 97

F I NANC I A L ROU N D TA BL E Mark Lieberman

AVENUE: What is the role of fixed income in client portfolios? MARK: Traditional fixed income plays an important role for the investor, and one needs to understand the objectives of the client. Higher expected returns are primarily coming from growth assets, so diversification is critical. We like to think about fixed income from either a diversification, income or liquidity perspective. It makes little sense to look at traditional fixed income from a total return perspective. Nontraditional fixed income is where one can generate higher expected risk adjusted returns.

percent, and it’s the worst bond market we’ve had in about two decades. Go back 20 years in equities and see what the worst period was like, and you’re seeing down 40 percent or 50 percent. I love to put fixed income in retirement accounts. When you get clients who get to that age of 70½ and they have to start taking those distributions, that’s the point when you don’t want your retirement account to be large. If you put growth assets in a retirement account, you’re making your tax bill a lot bigger. Allan Boomer

ALLAN: I love fixed income. Fixed income is the anchor to the wind in times of volatility and distress. You look at the 2008 financial crisis. The one asset that did not lose value at the worst point in the storm was high-quality fixed income. It was Treasury bonds. People talk about the fact that rates are rising and bonds are going down. You have to think about it in perspective. This year bonds are down about 2 The second way is if we experience significant deflationary expectations, where inflation falls faster than interest rates. That’s the reason why, until recently, the Fed has been very aggressive at lowering rates, because they don’t want to get into the conundrum of having a deflationary spiral, which effectively increases real yields. So with regard to how inflation may impact portfolios, I think watching the real yield, which is the interest rate tied to inflation, is critical in knowing what may happen to growth assets in client portfolios. TONY: Allan makes a great point around the risks around wage inflation. One of the things that we’re very focused on from an economic standpoint is whether or not the economy can accomplish a more meaningful increase in its productivity than it has had over this investment cycle. If we get a big increase in productivity, that will help to abate the pressure on wages, as companies look to grow their output. One of the things that gives us optimism is that there was a long period where, despite the fact that companies had pretty attractive corporate profits, they were very reluctant to reinvest those profits in their businesses. They instead used those profits to buy back stock and decrease p/e ratios in order to push the price up. The tax cuts seem to have provided an extra level of cash flow to companies beyond their growth in earnings. They seem to have been willing to reinvest in infrastructure. We have some hope that we’re going to start to see some real meaningful improvements in productivity.

“The differences from one state to the next can be extremely compelling, but you have to understand the nuances.” —Henry Johnson Joel Isaacson

98 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

JOEL: I disagree. I look at those retirement accounts as, they give you 26 years to pay them out, and then, if you leave them to your next generation, they could spread the money over their life. I’d hate to say to anyone that I am trying to keep an asset class that really was deferred income as low as possible. I’m more growth-oriented. TONY: Let’s hope that when these clients retire and take distributions, there’s still a capital gains preference. Because the way we’re going in this country with deficit, and the debt that we’re accumulating, it’s almost inevitable that we’re going to have an alignment in Washington of a more liberal administration that’s not going to have such a preferential view to capital formation. So that gap could certainly change a lot.

AVENUE: Can you talk about how clients can use their investments to express personal values in socially responsible investing?

EXCLUSIVE PROPERTIES

11 East 74th Street

$59,500,000

6 Bedrooms | 9 Bathrooms

Townhouse

26 East 63rd Street, Penthouse B 5 Bedrooms | 5.5 Bathrooms

$15,950,000

26 East 63rd Street, 12BG

$12,950,000

Condominium

4 Bedrooms | 5.5 Bathrooms

Condominium

A. Laurance Kaiser IV 646.677.1039 | Craig Dix 646.677.1038

Reba Miller 646.677.1067

2458 National Drive, Brooklyn

$13,000,000

1474 Third Avenue, Penthouse S

$4,936,000

2387 56 Drive, Brooklyn

4 Bedrooms | 8 Bathrooms

Mill Basin Home

3 Bedrooms | 3.5 Bathrooms

Condominium

5 Bedrooms | 5.5 Bathrooms

Tatiana Nikichina 646.677.1028

phbleonori.com

Reba Miller 646.677.1067

Tatiana Nikichina 646.677.1028

60 Thomas Street, 4

$3,400,000

The Revere, 400 East 54th Street, 29A $1,925,000

Ritz Tower, 465 Park Avenue, 9F

3 Bedrooms | 2 Bathrooms

Condominium

2 Bedrooms | 2 Bathrooms

1 Bedroom | 1.5 Bathrooms

Suzun Bennet 646.677.1052

Reba Miller 646.677.1067

$4,500,000 Mill Basin Home

Condominium thereverecondo.com

$1,100,000 Cooperative

Craig Dix 646.677.1038

Proud Sponsor of The Hampton Classic

212.710.1900 • contact@bhhsnyp.com • bhhsnyp.com • 590 Madison Avenue, New York, New York © 2018 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity.

AM0918_Berkshire Hathaway_r0.indd 1

1/8/2018 7:39 AM

F I NANC I A L ROU N D TA BL E HENRY: First, you have to understand the difference between socially responsible investing (SRI) and mission driven investing. It is increasingly a focus among certain clients to look beyond an investment’s underlying promise to better understand it—what they do, how they do it, how they are run, their approaches, etc. to assure that those align with the client’s own views and values. Some clients are looking for you to exclude opportunities that do not align—to screen them out—whereas others are willing to give up return if they feel an investment will achieve a different, often nonfinancial return goal. Fluency around these issues and opportunities is something we see more and more clients coming to the table with a real clarity on. JOEL: It’s a tough thing to monitor for, especially if you’re packaging products in the ETF market or the mutual fund market. A lot of it has big tax consequences, especially if you’ve been in the market for a long time. Then there’s the issue of, does socially responsible investing have as big an impact as opposed to the direct impact of investing for the highest returns, and then giving more money directly to a charity that’s fighting for a socially responsible cause? It’s a combination. MARK: If you look from a pure investment perspective, investing in ESG is...it’s potentially restrictive, because you are limiting the efficient frontier of investing in assets. So I think the comment about giving up some return in order to hold investments you feel you’re aligned with is the right way to look at it. So our view would be to avoid that

Henry P. Johnson

in that private market space where there are sponsors that are involved in the impact space. One can look, for example, at renewables. There’s a phenomenal set of investment opportunities for renewables that fit squarely within ESG. So in that area in particular, in the impact area in the private market space, there are definitely interesting opportunities where you put a little bit more effort in, and you can find ways for clients that can tolerate the illiquidity to do just as well as sort of the more traditional run-of-the-mill private equity investments.

Tony Roth

AVENUE: What has been the impact of the tax bill on clients, and specifically people in New York? And have many considered an out-of-state move?

“The tax cuts seem to have provided an extra level of cash flow to companies beyond their growth in earnings.” —Tony Roth

type of investing from a pure investment perspective. Having said that, we know about the George Costanza Theory, which is basically do the opposite. I think the more assets that come into ESG investments, prices will go higher. From this technical perspective, we think particular ESG offerings will perform well. TONY: I agree with what everyone said. But we’re not seeing it translate into a tidal wave of commitment yet. Because there is this question: Is doing good tantamount to doing well as an investor? And what is that gap? What we’ve found is that if you think of SRI as an exclusionary approach to investing, “I don’t want these kinds of things,” that’s fine: you can do that without having a material impact to your investing. ESG is affirmatively looking for certain things, and restricting yourself. We think that does hurt your investor returns. But then the tail on all this, which we found to be incredibly intriguing of late, is

100 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

HENRY: People often ask me about Florida because Northern Trust is the largest trust company in the state—we have 20 offices there and a long history ???? of working with families from across the U.S. who are trying to understand what a change in state residency might mean for them. The differences from one state to the next can be extremely compelling, but you have to understand the nuances and challenges, too. In the tristate area, many of our clients are trying to get a better handle on the costs and benefits of deciding whether a domiciliary change could meaningfully change their total tax profile—we spend a lot of time working with clients to determine whether it has the potential to. TONY: Since the tax legislation, we’re seeing an increase in the use of strategies to export the income from New York to other states. A few years ago, New York really tightened up the rules, so that if you have New York beneficiaries of the trust, it’s near impossible. But if you are a New York person and you can conceive of a scenario where the assets will never be consumed by a New York person, then there are some things you can do to shelter the income from state taxes. Not your earned income, but your investment income. Those structures are really interesting. JOEL: There’s a reason Florida has no taxes. You have to live there. Sorry. ALLAN: I live in New Jersey and I have three children. I told my parents it’s the grandparent tax. You want to see your grandkids, then you live in New Jersey. If you want to pay less taxes, then you live elsewhere and you won’t see them as much. I think it’s caused a lot of complaining, and I think people are paying attention, but I haven’t yet seen people physically do anything about it.

JAMES GIUGLIANO

Licensed Real Estate Salesperson Nest Seekers International 20 Main St Southampton, NY 631-456-3567 jamesg@nestseekers.com James Giugliano, who was born and raised in Southampton, knows the value, people and spirit of the community. It takes an experienced hometown resident to navigate the vicissitudes of the ever-changing housing market, and James’s intimate knowledge of the community is a true opportunity for interested clients. As a Business Management major, James’s experience in business planning, marketing and negotiation will help make your buying and selling experience stress-free. His goal is to minimize your aggravation while delivering your expectations. Whether you’re a perspective buyer or seller, James will listen to your needs to ensure a successful outcome. His intimate knowledge of the market will save you, the homeowner or potential homeowner, time and money. James lives by a great quote by Thomas Edison, “There is no substitute for hard work”. Searching for a new home or selling your current home can be a complicated and exhausting experience. It is absolutely essential to find a real estate agent that is deeply involved in the business and loves what they do. Sales is really about relationships, understanding each client’s goals and dreams is the best way to connect that client with the perfect property. No question you have will go unanswered. James is ready and willing to help you with all of your needs and looks forward to working hand in hand with you through a successful and happy experience. Current Listings: (1) Sagaponack Road, Sagaponack $13,750,000, (2) Dune Road, East Quogue $16,900,000, (3) Nicholas Court, Southampton $5,295,000 See All Our Listings At

NestSeekers.com Nest Seekers International is a Real Estate broker. All material presented herein is intended for informational purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice.

NEW YORK

THE HAMPTONS GOLD COAST, LI

NEW JERSEY

MIAMI

BEVERLY HILLS

SAN FRANCISCO

LONDON SEOUL

© 2018 Nest Seekers International. All rights reserved. Licensed Real Estate Broker NY, FL, CA Nest Seekers International fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.

PT0918_Neskseeker James Giugliano_r0.indd 1

26/7/2018 8:52 AM

SydneysGourmet.com

/SydneysGourmet and

@SydneysGourmet ! PHOTO BY NOA IIMURA

MARKET • EVENT PLANNING • CAFE

32 Mill Rd. Westhampton Beach N.Y. • For more information and reservations call 631.288.4722

AM0818_Sydneys_r0.indd 1

21/7/2018 11:51 PM

luxury

Homes SPOTLIGHT

SELECT UPPER TIER PROPERTIES IN NEW YORK CITY, THE HAMPTONS AND FLORIDA

luxury

Homes SPOTLIGHT

CHOICE PROPERTIES NOT TO BE MISSED

or only the most discerning homebuyers, we are pleased to show some of the finest luxury homes on the market. From the Hamptons and New York City and down to Florida, we believe they show that no matter where you are, elegance and sophistication are a universal language.

Gary DePersia, The Corcoran Group

Award-winning Design Matthews Lane joins the growing résumé of highly styled, fully furnished Hampton estates by James Michael Howard, the renowned 2017 ICAA award winning designer, that exemplify coherency in the abstract world of architecture, interiors and the landscape that contain them. In collaboration with McAlpine-Tankersley Architecture and Landscape Details, the visionary Howard has constructed a 7-bedroom residence that spans 11,600 square feet on 3 levels of fully articulated living space. $11.950 million. The Corcoran Group. Contact Gary DePersia @ 516.380.0538. Beate Moore and Frank Newbold, Sotheby’s International Realty

Oceanfront Dream Wake up to the waves! This classic 4-bedroom, 3 full and 2 half-bath beach house is being offered for sale for the first time in more than 50 years. Set on a private 2.8 acres with approximately 200 feet of oceanfront, it features a main house, guesthouse, and pool house, pool plus tennis court, all overlooking the beautiful Atlantic Ocean. $20 million. Douglas Elliman Real Estate. Contact Paul Brennan @ 631.235.9611.

Paul Brennan, Douglas Elliman Real Estate

A Hamptons Icon Offered for only the second time in its 140-year history, Hamptons iconic “KILKARE” is located in the prestigious Georgica Association on 3.4 acres with 330 feet of direct oceanfront and panoramic views of Georgica Pond. Built in 1877 by ship carpenters, the 3-story house has been compassionately restored with all its authentic detail, wraparound porches, pumpkin pine floors, 9 fireplaces, seabreezes through 85 windows, sweeping views from every room. Beautiful private grounds featuring wildflower meadow, 60-foot heated pool surrounded by stackstone walls, zen meditation garden, private walkway to beach and shoreline protected by a rock revetment. $45 million. Sotheby’s International Realty. Contact Beate V. Moore @ 516.527.7868 or Frank E. Newbold @ 631.375.4945. 104 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

WESTHAMPTON BEACH $5,895,000 The open floor plan boasts amazing bay views as soon as you step inside. Beautifully finishes with custom details through out. All ensuite bedrooms, pool, tennis and dock. EXC. Web#104432 RACHEL C. MARTIN, Lic. RE Salesperson 631.579.3099 (c) RMartin@TCHamptons.com EAST HAMPTON $2,595,000 Serenity awaits in this turnkey 4 bedroom home. EXC. Web#105706 TRACY ANNACONE, Lic. RE Salesperson 516.885.5561 (c) TAnnacone@TCHamptons.com

N AT U R E ’S

THERAPY

SOUTHAMPTON $2,750,000 Perched high on a bluff overlooking Sinnecock Bay. CO-EXC. Web# 41662 NANCY C. MCGANN, Lic. Assoc. RE Broker 516.768.5042 (c) NMcGann@TCHamptons.com

WAT E R F R O N T LIVING MATTITUCK $2,595,000 With 200’ of beach frontage this modern gem sits high on 5 acres overlooking the Sound. EXC. Web#21342 LORI MACGARVA, Lic. Assoc. RE Broker 516.242.9633 (c) LMacGarva@TCHamptons.com

SOUTHOLD $1,999,000 18 acre Island estate on Arshamomaque Pond with house, pool, tennis and 3,000 ft. of water frontage. EXC. Web#28807 NICHOLAS J. PLANAMENTO, Lic. Assoc. RE Broker 631.948.0143 (c) NJP@TCHamptons.com

WESTHAMPTON BEACH $2,795,000 Spectacular 4 bedroom, 4 bath post modern designed by noted Palm Beach designer William R. Eubanks with breathtaking results. EXC. Web#104768 KATHY CAREY STROM, Lic. Assoc. RE Broker 914.329.1234 (c) KStrom@TCHamptons.com

QUOGUE OCEANFRONT $8,950,000 This 4 bedroom/2.5 bath home, with a Malibu feel, has 200+’ of ocean frontage on 2.8 acres. EXC. Web#15038 TONIJO BIRK, Lic. RE Salesperson 631.514.5295 (c) TBirk@TCHamptons.com EAST HAMPTON 631.324.8080

AM0818_Town and Country_r0.indd 1

BRIDGEHAMPTON 631.537.3200

SOUTHAMPTON 631.283.5800

WESTHAMPTON BEACH 631.288.3030

MONTAUK 631.668.0500

MATTITUCK 631.298.0600

GREENPORT 631.477.5990

TownAndCountryHamptons.com

21/7/2018 11:52 PM

LUXU RY HOM E S SP O TL I G HT Roger Erickson, Douglas Elliman Real Estate

Marcia Altman, Brown Harris Stevens

Minimalist Marvel Imagined by award-winning Barnes Coy Architects, this brandnew 6,000+/- square-foot modern beach house is resolute in its minimalist design. At the water’s edge, the sleek lines and glass walls blend inside and out in a setting of rare natural beauty. Six en suite bedrooms, heated pool, spa, dock and magnificent water views. The use of bespoke materials and systems including radiant heated floors, Lutron remote smart house technology, Sonos sound, Ring, security cameras, oversized heated garage, a wholehouse generator, on-demand water heaters, Glassos™ surfaces and marble/stone evokes a feeling of modern luxury and incomparable refinement. $6.15 million. Brown Harris Stevens. Contact Marcia Altman @ 631.255.5100.

second level features a gracious master bedroom with balcony, and 3 additional bedrooms. First-floor junior master suite/or family area (with its own kitchenette and spa/ sauna). Full-floor roof deck with breathtaking treetop water views—perfect for cocktail hour or sunset dinners. $3.195 million. Sotheby’s International Realty. Contact Dawn and Frank Bodenchak @ 646.381.4055.

Dawn and Frank Bodenchak, Sotheby’s International Realty

Loft Luxury Renovated like a modern loft, featuring 10 to 16 foot glass walls, overlooking a lush parklike property, and water views in the distance. The home features a 3-side 50’ infinity pool, hot tub, north-south tennis, sauna and pergola, for a resortlike getaway experience. Inside, the top level features a full-floor living/entertainment area with treetop views, living room/dining room, with walls of glass, a Bakes & Kropp bleached rift oak kitchen with Sub-Zero/Viking appliances and breakfast room. The

9.5 baths in all. Bordering the 31-acre Ruth Wales DuPont Preserve, this property offers incredible privacy, and feels almost like its own peninsula. $24.995 million. Sotheby’s International Realty. Contact Harald and Bruce Grant @ 631.283.0600.

Shingled Elegance At the end of a Southampton Estate Section lane, this 3.2+/acre estate, with 350+/- feet of direct waterfront on Taylor Creek includes a deep east-facing back lawn, its own dock, water facing 44’x20’ heated gunite pool, tennis court, circa 1890s shingle-sided main residence and separate tennis house. Gracious gathering rooms, outdoor patios, 8 bedrooms and

106 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

Sublime in the City This grand-scale apartment offers enough space and original detail to create a truly unique home—one that couples your own vision of the future with the rich past of 941 Park Avenue. The spaciousness is enhanced by its high ceilings—over 10 feet tall. Upon entering the apartment, your first impression is one of grandeur, as the marble entry foyer spans nearly 30 feet. Immediately adjacent is the south-facing living room featuring 3 large windows and a wood-burning fireplace with an elegant mantel. There are 4 large bedrooms, 3 full bathrooms, 2 half bathrooms plus a staff bathroom. $6.75 million. Douglas Elliman Real Estate. Contact Roger Erickson @ 917.558.4477

Harald and Bruce Grant, Sotheby’s International Realty

Wainscott East Hampton

East Hampton

Kim D Hovey, Licensed Associate Real Estate Broker | Chistopher James Ritchey, Licensed Real Estate Salesperson. Real estate agents affiliated with Compass are independent contractor sales associates and are not employees of Compass. Equal Housing Opportunity. Compass is a licensed real estate broker located at 90 Fifth Avenue, 3rd Fl. NY, NY 10011. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Compass makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. To reach the Compass main office call 212.913.9058.

21 Buell Lane Ext $5,995,000 7 Bed 6.5 Bath .93 Acres

20 Bearing East Road $4,250,000 6 Bed 5 Bath 2.15 Acres

27 Landfall Road $1,450,000 4 Bed 4.5 Bath .94 Acres

37 East Gate Road $1,295,000 3 Bed 2 Bath .52 Acres

Kim Hovey

Chris Ritchey

516.527.6082 kim@compass.com

646.981.7954

chris@compass.com

LUXURY HOM E S SP O TL I G HT Oceanfront Condo

Douglas Elliman Real Estate

Now a prominent sight on the Palm Beach shoreline, 3550 South Ocean is the town’s new luxury oceanfront condominium. A striking addition to the coastline, the building’s sawtooth form bathes each home in sunlight and provides optimal water views. Floor-to-ceiling windows and private balconies blur the line between indoor and outdoor living. The condominium is outfitted with a curated selection of amenities and services, including private beach access and a beachfront saltwater swimming pool. Contact Douglas Elliman Real Estate @ 561.295.9515. Windsor Properties

Windsor Win Set along Hammock Way in Windsor’s village, this recently and comprehensively renovated four-bedroom lake cottage-style home with distinctive cerulean blue shutters enjoys open views across the lake and golf course to the south and the polo field to the north. A covered walkway crosses the courtyard to the entry foyer, which opens to a welcoming great room that extends the full width of the home and enjoys abundant southern light, making it ideal for entertaining. $2.8 million. Contact Windsor Properties @ 772.388.8400.

ONE Sotheby’s International Realty

Downtown Elegance Located in Downtown Miami, Florida, One Thousand Museum is Zaha Hadid’s first, only and last residential skyscraper in the western hemisphere. With only 83 residences and 62 stories, this visual contemporary sculpture encompasses an exceptionally elegant six-star lifestyle and welcomes Miami’s very first private helipad upon a residential tower. ONE Sotheby’s International Realty. Contact Harvey Daniels @ 855.663.6873

108 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

We are committed to delivering a great experience

Luxury Black Car Service SedanS

■

suvS ■ mercedes

■

limousines

631.726.7400 631.745.4251 info@hamptonsvipride.com hamptonsvipride.com follow us

AM0818_Hampton VIP_r0.indd 1

21/7/2018 11:47 PM

real estate

Properties of the Month A deck goes here

SHOW ME THE SHOW HOME! Farrell Building’s Kristen Farrell Tells All

You’ve built quite a name for yourself in the Hamptons—tell me, how far back does your relationship go with the area? I first came to Amagansett in my early 20s. I’ll never forget the beauty as we turned into town and I saw the pond—it was just so beautiful, and I knew that I’d find my way back, one way or another. Parts of the Hamptons really felt so similar to my youth growing up boating along the North Shore (Gold Coast to us locals), as we lived every moment surrounded by water, air and peace, just like how I feel about living in Bridgehampton now with my family. What are some must-have features in a Hamptons home? Well, I’m partial, but I think that an open, airy floor plan is always a great start! It’s beach living—it shouldn’t be divided up and dark. Especially since so many families entertain and have kids, I find that the “flow” from living, cooking and entertaining quarters should be seamless, elegant and comfortable. The blend of those three ideas really is the foundation of what I’m trying to put forward with Kristen Farrell Home. Also, I love a good

by Andrew Churchill kitchen, as we can see with my partnership with Sub-Zero/Wolf. Were there any challenges as you led the way on this show home? Great question! I’d hate to consider them “challenges,” as I’ve really just learned so much from this entire experience. I’d say one of the more impactful experiences would be just to remain totally organized. You have to think, we have about 15 amazing partners—each one has offered incredible talent and product, and just keeping the partners all aligned and showcased properly has definitely been an experience! Tell me more about your sponsors and how you built these relationships with them. I can’t say enough about how proud I am of all of the Show Home partners. First off, we partnered directly with Mitchell Gold + Bob Williams on all home furnishings, which have really come out so beautifully; we’ve developed 24 distinct Hamptons shades with Sherwin-Williams, which are already available in their 4,000 nationwide stores, we have Arteriors on the lighting, Newport Brass on all plumbing fixtures, Samsung/

LG on all electronics, Harbour Outdoor for patio furniture, Watermill Lumber for the structure, Baldwin for interior hardware, and the list just goes on and on. It’s an incredible feat of quality product and expert craftsmanship, and I know we’re all very excited to see the finished product. A portion of the Show Home ticket sales go to two charities, one of which your daughter is a part of? Yes, the two charities are the Sustainable Furnishings Council and Kate Kares. Kate, my daughter, is a strong advocate for animal rescue and volunteers frequently at the Southampton Animal Shelter! It’s great to see her so involved, and I wanted to make sure that was recognized with this project; we are having the SAS bring an adoption van to our Luxe Magazine party on Friday the 27th, and we’re really very excited. A portion of all ticket sales will go directly to SAS. This already sounds like such a success— what will be next? Hopefully another gorgeous show home where we can bring in all of our wonderful partners again! The sky is the limit.

The Show Home will be open to the public at 50 Lawrence Court, Water Mill from Sunday, July 29th through August 12th. Tickets will be available for $40 at the door. 110 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

LAWRENCE A. MOENS ASSOCIATES, INC. “SPECIALIZING IN PALM BEACH’S FINEST RESIDENTIAL PROPERTIES.”

245 Sunrise Avenue, Palm Beach, Florida 33480 (561) 655-5510 Fax: (561) 655-6744 www.moensrealestate.com

THE ORIGINAL MAURICE FATIO RESIDENCE

One of the island’s greatest landmark residences, meticulously restored to absolute perfection. _________________________ Wonderful scale in major rooms with a feeling of old world grandeur meeting present day living. __________________ Spectacular details can be found both in the main house and guest house at the private courtyard pool. ___________ Stunning ocean views, underground wine cellar, deeded beach rights. ____ $23,450,000

BERMUDA COTTAGE AT WORTH AVENUE A charming residence located in town just steps to the Ocean and Worth Avenue. _____________________ Three bedrooms in the main house with a separate guest house at the private pool garden. ________________ Great details, high ceilings, beautifully restored and ready to enjoy. ______ $5,400,000

A FAMILY LAKEFRONT RESIDENCE A truly pristine landmarked lakefront residence with bike trail access and deepwater dock. _______________________ Four bedrooms plus staff or additional guest quarters, separate from main living spaces. _______________ Tasteful appointments throughout this lovely waterfront home which is ready for immediate enjoyment. _________ $11,850,000

Exclusives

AM0818_Moens_r0.indd 1

19/7/2018 4:00 PM

PARSONAGE LANE Sagaponack — Web# 105064 $8,250,000 - Fully Cleared 1.83 Acre Building Parcel | South Side of Parsonage Lane | Great Price Point | Perfect Opportunity to Create the Home of your Dreams

Representing and selling all the best of the Hamptons ag Har or Office Top roducer Corcoran resident s Council all treet ournal Top gents y ales olume

ationwide

Mala Sander L ic e n s e d A s s o c ia te Real E s t a te B ro ke r m: 917.9 0 2.76 5 4 m s a n d e r @c o rc o r a n.c o m

AM0918_Corcoran Malal Sander_r0.indd 2

30/7/2018 12:19 AM

WATERFRONT ON THE GOLD COAST North Haven — Web# 3903 $11,750,000 – Breathtaking 1.9 Waterfront Parcel | 295’ of Water Frontage on Sag Harbor Bay | Plans and Approvals in Place for 10,000 SF Home Stunning Views | Potential for Dock | Minutes to Sag Harbor Village

Live the waterfront dream Real estate agents affiliated with The Corcoran Group are independent contractors and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate ro er located at adison ain treet ag Har or . ll information furnished regarding property for sale or rent or regarding financing is from sources deemed relia le ut Corcoran ma es no warranty or representation as to the accuracy thereof. ll property information is presented su ect to errors omissions price changes changed property conditions and withdrawal of the property from the mar et without notice. ll dimensions pro ided are appro imate.

AM0918_Corcoran Malal Sander_r0.indd 3

30/7/2018 12:19 AM

IT’S ALL INN HERE Exciting Developments at the Southampton Inn

he Southampton Inn is one of the Hamptons’ premier hotels. And it just gets better and better. Guests love the hotel for amenities like Tempur-Pedic® mattresses, luxurious down comforters, guest-controlled air conditioning and heating, flat-screen TVs with cable, complimentary Wi-Fi, and Gilchrist & Soames toiletries. It’s also pet-friendly! Outside is just as nice—there is a bocce ball court, croquet and badminton (all new this season), as well as a 50-foot heated pool, a tennis court (equipment available) and bike rentals, plus a polka-dotted van to shuttle guests to and from Southampton’s world-famous Coopers Beach. Pool and tennis seasonal memberships are available. Use of all amenities is included. Just as essential to the hotel’s grandeur is Claude’s, the inn’s elegant restaurant. This summer, it has a new executive chef in James Carpenter. Carpenter, a U.S. Navy veteran, who brings the slow food movement and innovative energy to the restaurant. As executive chef, Carpenter oversees the restaurant’s newly renovated dining room and outside dining patios, which highlight signature American fare, including seafood, salads and seasonal features—as well as its special events, wine-pairing dinners, Restaurant 114 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

Week offerings and more. Chef Carpenter also oversees the restaurant’s on-site catering events, ranging in size from small meetings to large events of up to 400 people. “I’m very excited to be back in Southampton, where I started at Savanna’s,” Chef Carpenter said. “I am also looking forward to creating an amazing destination restaurant.” It’s not just the new chef that makes Claude’s exciting. Celebrated international pianist and composer Konstantin Soukhovetski will assume a Vegas-style residency at the restaurant this summer. Known as the “Rock Star Pianist,” Soukhovetski’s debut one-man show, titled In His Shoes, will take place on Thursday evenings at 7:30 p.m., beginning with an exclusive prix fixe dinner menu, followed by a performance. In His Shoes will feature Soukhovetski performing his own versions of the popular hits of Madonna, Celine Dion and other iconic artists, as well as a collection of stories from his international career and his experience as a Russian-American coming of age in New York City. And true to form, Soukhovetski will be wearing his internationally renowned exclusive shoe line, By Konstantin Homme, which specializes in bespoke crystallization of footwear and accessories with Swarovski elements.

AM0518_Apella _r0.indd 1

6/5/2018 12:52 AM

HOUSE ABOUT THAT? The Hampton Designer Showhouse Shows off Great Design

he Hampton Designer Showhouse, by Traditional Home magazine, showcases 30 of the nation’s top designers and is always a great source of design ideas. It opens to the public from July 22 through September 3. Visitors contribute $40, which together with other sources raises nearly $200,000 for the Southampton Hospital every summer. This year’s home, at 2148 Scuttle Hole Road in Bridgehampton, is generously being donated by Barsalin Building & Design, and is listed for sale by Frank and Dawn Bodenchak from Sotheby’s International Realty. This is actually the fifth showhouse in which the Bodenchaks have been involved in, and they are excited to represent yet another very special property. The new estate is in a special location, a quarter mile past Channing Daughters Winery, nestled between a 16-acre horse farm and barn on one side, and a 17-acre property on the other. While in a bucolic setting, it is only a couple miles to downtown Sag Harbor, with its restaurants and marinas, or Bridgehampton Village in the other direction. With the 2018 Hampton Designer Showhouse, Barsalin Building & Design has put together a gorgeous 8,000-square-foot new construction for $4.795 million that really couldn’t be replicated for that price. The home features a tremendous number of amenities and designer features that were collectively designed to put the house in a league of its own. As a result, it may well be one of the best Listed by Frank and Dawn Bodenchak at $4,795,000.

values in Bridgehampton or Sag Harbor new construction. From the moment you enter, the volume of this house creates a scale that is unique. A two-story foyer, with glass walls on three sides, opens up to an even grander two-story great room, with a towering 22’ wall of glass. The glass wall is a fantastic feature, bringing backyard views into nearly every common living area and hallway. High design, open flow and the connection between indoor and outdoor are three recurring themes throughout. For example, the builder/designer team put together one of the most special kitchens we’ve seen in 2018 new constructions, combining bleached gray rift-oak, metal and tile accents in a way that is designed to stop traffic. Yet the other aspect that makes the kitchen such a smart design is how it flows seamlessly into so many adjacent user areas, including the two-story great room, threesided glass breakfast room, butler’s pantry, and oversized outdoor covered porch. Similarly, a corner living room offers, with windows on three sides brings the outdoors inside, while connecting to the two-story great room and foyer for great open living and entertaining.

COME SEE THE SHOWHOUSE ANY DAY THIS AUGUST FROM 11–4:30.

116 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

The bedroom spaces were also well-thoughtout. Uniquely, the home features two master suites, one on each floor, giving the house versatility. Both master suites feature the most gorgeous designer baths, with specialty tiles and electronically controlled plumbing that will impress the any spa enthusiast. Both masters also feature custom-designed closets and private terraces. There are five additional, graciously sized bedrooms. Finally, a well-designed lower level features a custom theater, private gym, open living room and game room. Rather than being an afterthought, the lower level is a wellthought-out space, designed so that one doesn’t necessarily want to leave. Outside, the property offers two acres of lush grounds, with ample blue stone terraces (covered and uncovered), a gunite pool, overflowing hot tub and north-south tennis. Come see the showhouse any day this August from 11–4:30. For sales showings, call Frank and Dawn Bodenchak for a private appointment. This is a home that won’t last.

Featured Palm Beach Properties Presented By

Cristina Condon CRISTINACONDON.COM

Magnificent Ocean-To-Lake Mediterranean Estate MAGNIFICENTMEDITERRANEAN.COM

| Offered at $59,000,000

Modern Mediterranean Oceanfront SOTHEBYSHOMES.COM/0077711

Offered at $14,500,000

Gracious Landmarked Estate ELEVEDADOLANDMAR.COM

Offered at $10,000,000

Cristina Condon

Senior Global Real Estate Advisor cristina.condon@sothebyshomes.com 561.301.2211 cristinacondon.com

Palm Beach Brokerage 340 Royal Poinciana Way | Palm Beach, Florida| sothebyshomes.com/palmbeach

AM0818_Sothebys Condon_r0.indd 1

19/7/2018 3:49 PM

STRIKE A MATCH Matchmaker Eileen Fisher Tells All

Why do you love being a matchmaker? I love being a matchmaker because everyone wants love. I am so happy to have been born with this gift. I can read people, understand what they are searching for and ultimately teach them a new experience. As a matchmaker, I get to show my clients that they can evolve and change. After all, there may be someone right in front of you who completes you—you can’t be blinded!

How else does the experience for your male and female clients differ? First off, I only charge men. It’s a man’s world out there! I meet my men for coffee first. Just because they want to hire me does not mean I’ll take them on as a client. I only take on gentlemen truly looking for love. My woman clients are free. I meet lots of women everywhere, but most of the interviews are in my lobby, and if they don’t say “Hi” to my doorman, it’s a big no-no for me. Rude. There are many wonderful women out there who work hard, but there are hundreds of women whose only goal is to get married, women who throw themselves at men. I try to find the women who want love—same as the men who are paying for it. It’s an investment bigger than dollars. I teach my men what to do and not do. And I teach my women to open up, and sometimes, to manage their expectations. But in the end, I give all my clients, male or female, the same encouragement: The right match is there. Open your mind, your heart, and eventually, your arms, and enjoy.

What are your thoughts on dating apps? I believe apps are like magazines—everybody can put a photo of themselves up, and everybody can swipe left or right and say what they want and who they are. But are they really that person? On an app you can make 10 dates a night. As a matchmaker I coach my clients into something more substantial than that. The base of a great relationship isn’t sex, it’s friendship. There are plenty of young people who are trying to become matchmakers. Is experience important? I just read an article by a twenty-something matchmaker talking about all of her funny stories. And yes, I have funny stories too. But when you’re in your twenties, you haven’t

118 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

even grown up. It takes much longer—your thirties, at least—for a person to begin feeling comfortable with herself.

Any last words? I love love, and to be able to make a romance blossom makes me as happy as an Olympian receiving a gold medal. I’m not in this business for fame or profit alone. It’s not about the number of matches, either. For me, real success is helping to open new doors to love. I am also developing a TV show about matchmaking and the journey of it. One more thing: please visit me on Instrgram at @heartmatchme to follow my dating tips!

For more information, visit eliteconnections.com

JONATHAN GRASSI

How do you meet your clients? I meet my clients through word of mouth. I have become a trusted advisor and relationship expert. People seek me out. And, of course my website eliteconnections.com. Not to mention gyms, supermarkets, bars, etc.

NEW CONSTRUCTION East Hampton Fringe — Web# 39613 $2,599,000 - Built by Porco Custom Homes | 5BR | 5BA | 3,500 SF | Heated Gunite Pool | Blue Stone Decking | Attached 2-Car Gargage |

BAY POINT Sag Harbor — Web# 33029 $1,395,000 - Gorgeous Views from almost Every Room | Renovated | 3BR 2BA Finished Lower Level | Room for Pool | Docking Rights

NEVER MISS A SUNSET Bay Point, Sag Harbor — Web# 103026 $1,795,000 - 3 Bedroom | 3 Bath | Room for Pool | Fireplace | 2-Car Garage Lower Level with Screened in Porch and Separate Entrance

STROLL TO BEACH Sag Harbor — Web# 101612 $865,000 - Great Starter Home | 1,344 SF | 3BR | 2BA | Screen Porch | .72 Acre Room for Pool and Expansion

BRING YOUR PADDLE BOARD Sag Harbor — Web# 100198 $799,000 - Newly Listed | 4BR | 2BA | 1,700 SF | Fireplace | Front Porch | Across from Payne’s Creek for Easy Access to Launch your Boats or Paddle Boards

With strong ties to the community after living in Sag Harbor for the past 20 years, Susan’s clients and customers know they are working with a knowledgeable agent that understands their needs.

Susan M. Lahrman L ic e n s e d Real E s t a te S al e s p e r s o n m: 6 31. 5 0 6 .13 5 3 s la h r ma n @c o rc o r a n.c o m

Real estate agents affiliated with The Corcoran Group are independent contractors and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate ro er located at ontau Highway ridgehampton . ll information furnished regarding property for sale or rent or regarding financing is from sources deemed relia le ut Corcoran ma es no warranty or representation as to the accuracy thereof. ll property information is presented su ect to errors omissions price changes changed property conditions and withdrawal of the property from the mar et without notice. ll dimensions pro ided are appro imate.

AM0918_Corcoran Lahram_r0.indd 1

30/7/2018 12:27 AM

BEAUTY FOR LIFE Dr. Peredo Shares New Techniques in Face and Body Contouring

“I had what felt like the perfect life—three great friends to brunch with, a handsome boyfriend in Mr. Big, and all the Manolos I could ever want. But was everything perfect, or did I still have things left to perfect? I couldn’t help but wonder…where do I get great skin?”

ortunately, you don’t need to be Carrie Bradshaw to answer that question. Just go to expert dermatologist Dr. Marina Peredo. For years, Dr. Peredo has been renowned as one of the city’s finest dermatologists. And for good reason—the techniques and methods she has pioneered have proven results. It used to be that her kind of know-how was hidden behind closed doors. But Dr. Peredo is proud to share with AVENUE some of the most exciting and cutting-edge treatments available for face and body contouring. First up is Ulthera®, an ultrasound treatment that ensures that patients “never ever need plastic surgery.” Often used on the jowls, eyelids, neck, décolletage, abdomen and knees, the easy, painless treatment works by focusing heat on muscle tissue, spurring on the production of collagen and elastin. “Just like how ultrasound technology permits you to see a baby in a mother’s womb, Ulthera allows us to see what lies beneath the skin’s surface,” says the doctor. Ulthera is also one of the key components of Firmatherapy™, an exclusive treatment created by Dr. Peredo herself. By combining Ultherapy, Filler and Neurotoxin, Dr. Peredo rejuvenates the lower face and neck, with the Filler and Neurotoxin giving instant gratification while the Ultherapy does its thing. And they said there was no such thing as magic! But it’s hardly the only solution in this dermatologist’s toolkit. Next up is Kybella®, or “liposuction in a needle.” This dependable injectable is used to treat fat in the jawline, abdomen, inner thighs, buttocks and above or below the bra line. Two to six treatments, done six weeks apart, are needed for ideal results. “In my opinion, this precision and customizability make Kybella stand apart from the other modalities.” But wait! There’s more! Dr. Peredo’s patients swear by CoolSculpting®, the perfect treatment already in shape and having

YOUNGER, HEALTHIER, FITTER AND WITH A BETTER GLOW... DR. PEREDO WILL MAKE ALL YOUR DREAMS COME TRUE.

trouble shedding those last few pounds in those really, really stubborn areas. The technique freezes fat cells until they crystalize, then uses radio waves to dissolve the. “Double chin, bra fat, arm flags, love handles, jelly rolls, saddlebags: you name it, and you can CoolSculpt it,” says Dr. Peredo. Want more? Why not try Z Wave®, which “radio-shocks cellulite into oblivion.” “Cellulite affects us all, and finally there’s an easy, pain-free method of reducing its appearance,” Dr. Peredo says. The highintensity radio wave energy pulses delivered with the Z Wave breaks apart the fibrous bands holding sheets of fat cells together. Best used in combination with CoolSculpt, Z wave helps patients achieve the svelte appearance they’ve always dreamed of. Of course, reading about these exciting treatments is no substitute for the real thing. So if you want to look younger, healthier, fitter and with a better glow stop by Skinfluence and book an appointment with Dr. Peredo today.

For more information, visit Skinfluence NYC at 1047 Park Avenue, by phone at 212.754.6363, or on the web at skinfluencenyc.com. 120 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

TAXES GOING UP? IN A HIGH TAX STATE? Establish Your Florida Residency

346 Dune Road, Westhampton Beach $2,499,000 3 BD 3.5 BA

New!

Turnberry Ocean Club Luxury Relocation Specialist Aventura Bal Harbour Miami Beach South Beach Sunny Isles Beach

Joseph Swedroe | Realtor Ponquogue Point, 68 Foster Avenue, Hampton Bays 15 Units Available Custom Luxury Waterfront Townhomes

Mollie Scruggs 631.774.0782 | mollie.scruggs@compass.com

Antonio Bottero 917.922.0390 | antonio.bottero@compass.com Mollie Scruggs, Licensed Real Estate Salesperson. Real estate agents affiliated with Compass are independent contractor sales associates and are not employees of Compass. Equal Housing Opportunity. Compass is a licensed real estate broker located at 90 Fifth Avenue, 3rd Fl. NY, NY 10011. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Compass makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. To reach the Compass main office call 212 913 9058

(305) 788-0303 js@rivieracompanies.com www.JosephSwedroe.com AUGUST | SEPTEMBER 2018 â&#x20AC;˘ AVENUE MAGAZINE â&#x20AC;˘ AVENUE ON THE BEACH | 121

SUMMER FUN WITHOUT FALL FRETTING

Dr. Joshua Zeichner is the Director of Cosmetic and Clinical Research in Dermatology at Mount Sinai Hospital and Shares with AVENUE His Tips to Avoid Permanent Sun Damage

unny, summer weather means driving your convertible with the top down, relaxing by the pool, and days of playing on the tennis court. While we all enjoy these activities, we rarely protect ourselves from the sun as well as we should. Ultraviolet light damages collagen in our skin, leading to lines and wrinkles over time. Plus, the sun pushes our pigment-producing cells into overdrive, leading to permanent brown spots. You can’t undo the past, but with good skin care and a little help from a dermatologist, you can repair the damage as you move into fall.

1 2

One. Topical antioxidants should be your new best friend. Antioxidants are ingredients that protect the skin from harmful inflammation. Every day environmental exposure to UV light, pollution, and even heat generates free radicals that damage your skin. Look for a serum that contains vitamin C, either by itself or paired with vitamin E. Besides protecting the skin, it actually lightens dark spots and evens skin tone, undoing damage that has already been done. Apply every morning under your sunscreen.

“YOU CAN’T UNDO THE PAST, BUT WITH GOOD SKIN CARE AND A LITTLE HELP FROM A DERMATOLOGIST, YOU CAN REPAIR THE DAMAGE AS YOU MOVE INTO FALL.”

Two. Start using your night cream. Your skin performs certain activities in the morning and others in the evening. Night is a time of rest and repair, so you should choose a night cream that helps support this. Retinol is a staple to use in the evening because it stimulates collagen to strengthen your skin’s foundation. It is the best-studied ingredient we have to improve the appearance of fine lines and wrinkles. Start applying it every other night for the first few weeks to avoid irritation, and be patient because results take several weeks to start kicking in. 122 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

Three. Leave it to the laser. While the right topical products are important, they don’t offer the same types of improvement that you can get from laser treatments at the dermatologist’s office. Lasers work by creating controlled damage to the skin and taking advantage of the skin’s ability to heal itself in a more cosmetically pleasing manner. Treatments like Clear and Brilliant or Fraxel can actually eliminate unwanted pigmentation, minimize pores, improve wrinkles and scars, and undo sun damage to lower your risk of developing skin cancer in the future. Your choice in treatment depends on how much downtime you have. While a more powerful laser will give greater improvement, it may leave you for a week looking like you have a bad sunburn.

Four. Treat the lines as soon as you see them. If those vertical lines between your eyebrows are starting to stick around when you aren’t angry, then it’s time to address them. Treatments like Botox and Dysport work by relaxing muscles, preventing the overlying skin from folding on itself. This means that the skin can fill in the creases on its own. Once lines have become deeply etched into the skin, it may be virtually impossible to eliminate them altogether. Addressing the lines early can give you a more complete improvement and actually prevent new lines from developing. With modern injection techniques you can maintain natural movement, without having a frozen face or with anyone realizing you’ve had something done.

Mount Sinai Hospital Department of Dermatology, 5 East 98 Street, New York City, 212.241.9728. For more information visit zeichnerdermatology.com.

389 EAGLE DRIVE, JUPITER, FLORIDA. MAKE THE PALM BEACHES YOUR WINTER DESTINATION

IT’S TIME FOR ELLIMAN IN ADMIRAL’S COVE THIS AWARD-WINNING CLUB HAS OFTEN BEEN NAMED AS ONE OF THE TOP 10 PRIVATE CLUB COMMUNITIES IN THE UNITED STATES.

The beautiful, gated Admiral’s Cove community boasts a Marina and Yacht Club where residents have access to state of the art spa, superb dining option -13 Har-Tru tennis courts, shopping and amenities in addition to over 500 boat docks within the community. The Admiral’s Cove Marina can accommodate yachts up to 130 feet. Guests of members can stay in the 32-room Inn with panoramic views. Golf enthusiasts can enjoy 45 holes at a total of 4 championship golf courses surrounded by uniquely beautiful landscapes at Admiral’s Cove Golf Village. The club is currently under going a 22 million dollar renovation and will be completed November 2018. It looked amazing before. Wait until you see it after!

DONNA HUTCHINS Realtor Associate 561.660.0915, 732.241.7002 donna.hutchins@elliman.com elliman.com/florida

$1 MILLION REDUCTION | BEST DEAL IN ADMIRALS COVE ONLY 18 MILES FROM PALM BEACH AIRPORT JUPITER, FLORIDA | $5,495,000

The Preferred Limousine Service of The Hamptons

PALM BEACH

561-792-5959

www.southamptonlimo.com

SOUTHAMPTON

631-287-0001

AUGUST | SEPTEMBER 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 123

BLACKBARN KEEPS IT FRESH

The world’s most fabulous travels.

Executive Chef Matteo Bergamini Talks Finding Quality Produce

We know where. What places do you frequent when looking for fresh produce? Our farm-to-table menu at BLACKBARN relies on high quality, locallysourced fruits and vegetables, so I stop by the Union Square Farmer’s Market each week. Chef John Doherty and I also look to the market for inspiration when planning the Chef’s Table, a specially curated dinner he cooks in front of our guests every Saturday. How do you pick the best fruits and vegetables? I consider what is in season, as well as the color, feel, and smell of each item. Often, the things I find influence what we serve, since we want to utilize the best produce that the market has to offer. An example would be our offering of a succulent carpaccio of heirloom tomatoes at this month’s Chef’s Table, since the tomatoes are perfectly ripe and juicy at this time of year. When the seasons change and the market closes, how do you find these items? We like to preserve fresh ingredients from the Farmer’s Market so that we can conserve their flavor year round. Currently, we have a delectable pickled & roasted heirloom carrot dish at the NoMad restaurant with a creamy burrata, quinoa, and cilantro that makes use of these preservation methods. Any tips on finding rare or specialty ingredients? Getting to know the people at the market is very important. I work directly with vendors whom I have formed excellent relationships with to find or grow special things for the restaurant— this type of dedication to every element of a meal is truly what sets us apart. 124 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

notabeneglobal.com

SAILING TAKES ME AWAY A Word with Land Sea Luxury Group’s Tomas Hill

o one knows quite how sailing began, though it’s existed for thousands of years. Egyptians, Polynesians, Vikings, the Portuguese and the Dutch were many of the pioneers who sailed the high seas. And thanks to trade routes, with sailing came wealth. Twentieth-century luminaries like Albert Einstein and John F. Kennedy Jr. were great sailing enthusiasts. They, like all sailors, were thrilled by the pastime’s romance, athleticism and close connection to the water. The tranquility and silence of a sailboat as it glides through the water reminds the sailor of his connection to nature. I was always fascinated by sailing and boating: just being on the water was a treat. One of my earliest memories was my older brother Timothy taking me canoeing on a lake we lived close to when I was four years old. About five years ago James Peyton, a realtor friend of mine here in the Hamptons, invited me to sail with him on his boat. The seed was planted then. I went to every boat show up and down the East Coast, learning everything I could about sailboats. I searched to find the rightsize one to start with, as I wanted to offer my clientele something new—

not secondhand, but modern. It has been said,“A yacht is a boat that was designed for the express pleasure of its owner.” The technology of today’s modern yachts has made sailing easy and much more luxurious. Cabins are much more spacious, with en suite heads with all the modern designs and conveniences. Private chefs prepairing gourmet meals and a courteous captain, the right crew is an important factor in making the experience a memorable one for guests. At Land Sea Luxury Group we are now offering a unique opportunity for you to own a piece of real estate right on the water. Experience our sailboat yachting for one, two, three weeks a year, whether here in the Hamptons, up the coastline or the Caribbean. Celebrate winters in Saint Barts, Tortola and other Islands. Join us in the Hamptons in May 2019, as we launch our new Jeanneau 64’ sailboat yacht to the Hamptons market, where you and up to 8 passengers can experience the bliss and serenity of sailing. Money cannot buy you happiness. But it can buy you a sailboat, and well, that is pretty much the same thing.

AUGUST | SEPTEMBER 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 125

allen dalton entertainment group www.allendalton.com

212-935-4000

info@allendalton.com

Weddings Mitzvahs Soirees Sweet 16 Corporate Events Weekly Home Delivery Event Coordination NYC 212-390-0377 New York City. Nassau. Hamptons. Southampton 631-907-4538 Westbury 516-678-0130

designsbymarkmasone.com Tel: 855-44TOPAZ ∞ designsbymarkmasone.com

AUGUST | 127 2:43 PM FlowersbyTopaz-r2.indd 1 | SEPTEMBER 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH 5/12/17

TRI PPI N G

KENYA BELIEVE IT? OL JOGI OFFERS LUXURY IN THE MOUNTAIN’S SHADOW by Anthony Lassman and Nota Bene Global meander over to the Moroccan hammam and see the resident masseuse. And whatever time you’d like to go on a game drive or lunch, the staff are here to work around your timetable, not theirs. Nothing is set in stone. Everything waits for you whenever you choose. And you are offered the finest cuisine and wines, exquisite table linens and bathrooms stocked with the best unguents. Time and space are at guests’ disposal—and for us this defines the true concept of what pure luxury is about. In this vast and beautiful land, Ol Jogi’s owners have created a world-class home. There has been no compromise in quality and comfort, from the enormous “his and hers” bathrooms and separate dressing rooms to the magnificent sitting and entertaining areas, beautiful billiards and games rooms, and well-being facilities. There are floodlit tennis courts, a swimming pool and opportunities for horse riding.

And if you ever tire of the scenery, a five-star mobile camp is at hand to head out into the bush, where you can sleep under the stars. Of course there are game drives over the rocky hills and the open savannah. The team is always coming up with new ways to surprise and delight their guests. They might take you to an idyllic spot for a picnic lunch or set up sundown drinks and a candlelit dinner in a location offering spectacular views. It is this unstinting attention to guests’ comfort, experience and well-being that marks out this exclusive property as a truly exceptional world-class private estate. Several days at Ol Jogi can be combined with the contrast of Tanzania’s Serengeti for the ultimate African experience. If time permits, add other destinations in Kenya and discovering the country’s exceptional topography and proud people. It’s a magical journey of discovery and one not to be missed. DURSTON SAYLOR

rassy plains, snowcapped mountain peaks, verdant forests, vast deserts and ancient Swahili settlements. Here, in the shadow of Mount Kenya, is a tapestry of African landscape at it finest: the world of Ol Jogi. An enormous private estate of unparalleled luxury blends harmoniously within a wildlife sanctuary, where magnificent panoramas stretch away in every direction. Home to cheetahs, hartebeests, Grevy’s zebras, lions and wild dogs, all protected by wildlife rangers and a sophisticated security systems, it stretches for thousands of uninterrupted hectares. On arrival in Nairobi, you are whisked through immigration onto a private charter for a 45-minute trip. From the moment you set down on the estate’s airstrip, you are enveloped by luxury in the wild. A host of well-trained staff will attend to your every whim. If you’d like a massage, just

Every heart attack is a race against time. Now you can get the most advanced care. Faster. THE STATE-OF-THE-ART CARDIAC CATHETERIZATION LABORATORY AT STONY BROOK SOUTHAMPTON HOSPITAL.

When every minute counts, count on the highest level of cardiac care, 24/7 in our new catheterization lab. Our experienced team of Stony Brook cardiac specialists is providing lifesaving diagnostic procedures, interventional angioplasty, stenting, and more in the Audrey and Martin Gruss Heart & Stroke Center. Weâ&#x20AC;&#x2122;re making a difference where it matters most, right here at home.

To learn more, visit southampton.stonybrookmedicine.edu or call (631) 726-8200. Stony Brook University/SUNY is an affirmative action, equal opportunity educator and employer.

AM0918_Southampton Hospital_r0.indd 1

1/8/2018 7:29 AM

S OC I A L SA FA RI

ANGELS IN AMERICA & ENGLAND PRINCE CHARLES, BLAINE TRUMP, CALVIN KLEIN, GWYNETH PALTROW, TONY KUSHNER, AUDREY GRUSS & MICHAEL KORS by R. Couri Hay Actress Catherine Deneuve, gallerist Isabelle Bscher and former prime minister of France Dominique de Villepin @ Galerie Gmurzynska

Jessica Hart @ Golden Heart Awards 2017 Kate Hudson and Michael Kors @ Golden Heart Awards 2017 Gwyneth Paltrow @ Golden Heart Awards 2017

Aleksandra Milicevic and Dr. Kenneth Mark @ Midsummer Night Drinks 2018

David Ludwigson, Karen Pearl, Scott Bruckner, Blaine Trump and Calvin Klein @ Midsummer Night Drinks 2017

Margo Catsimatidis, co-chair Jean Shafiroff and Douglas Elliman’s Dottie Herman @ Hamptons Heart Ball

130 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

CA L I S SA 1020 Montauk Highway 631 • 500 • 9292

]

Calissa is Mykonos in the Hamptons thursday winemaker dinners • friday live music sunday brunch • weekday prix-fixe menu private events • catering • private chef services

AM0918_Calissa_r0.indd 1

] 1/8/2018 7:28 AM

P O ST CA RD FROM . . .

THE JUDGMENT OF PARIS AVENUE COLUMNIST NINA GRISCOM GOES TO FRANCE… AND LIKES WHAT SHE SEES

ALTHOUGH IT’S A major city, the pace of life in Paris is much slower than that in New York. I’ve been hopping over the ocean every 10 weeks or so during the past several years to enjoy the visual pleasures, great food and dear friends that make Paris almost my second home.

EATS ASIATIQUE

Most of my Parisian friends love Asian food, and I’ve been lucky to have some of the best in town. Le Bar des Prés is one of the sushi hot spots on the left bank at 25 Rue du Dragon. Great for lunch or dinner. Good-looking crowd along with social and artistic notables. Reservations necessary. My favorite is the galette craquante. Fab cocktails. Open Sundays.

FLYING HIGH

My go-to airline to Paris is La Compagnie. The entire aircraft—74 seats!—is business class, and offers a friendly crew, good food and decent reclining beds. Nina with Florence Grinda outside Kinugawa

There’s the Louvre, of course, but Paris also has many charming small museums. Some favorites include the Museés Cernuschi and Nissim de Camondo. HOTEL PARTICULARS

Where to stay? I prefer charming top notch boutique hotels. On my list are Duc de Saint-Simon, L’Abbaye and Relais Christine hotels. I usually book a duplex suite at L’Abbaye: far less than a nice room in the traditional big hotels. All of these are located on the Left Bank, my favorite part of town.

126 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

SHOES SHOES SHOES!

Shopping for fashion in Paris is still fun, as there are many small local boutiques along with the big brands. If you’re looking for the latest fashion in shoes, Gordana Dimitrijevic located at 76 Rue de Seine is one of my faves, and is relatively well priced.

AND OTHER FASHION, TOO!

Irié at 8 & 9 Rue du Pré aux Clercs is another well-kept local retail secret. Divine fashion that is one of a kind. I love their perfume too. A must-see.

S OC I A L SA FA RI Audrey and Martin Gruss celebrate their 30th anniversary

Patricia Hearst and Jamie Figg go to Buckingham Palace

Douglas Elliman’s Noble Black and his husband, Marc Rozic @ Midsummer Night Drinks 2018

Andrew Garfield, Golden Heart Award honoree Tony Kushner and Denise Gough @ Angels in America

132 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

AM0818_Victory Cup_r0.indd 1

19/7/2018 4:05 PM

M S. D E M E A N OR continued from page 136

significant economic consequences: 25 percent of the surgical fee plus full payment for the operating room. Only a real idiot would cancel on him. Or someone very rich and entitled. One of my favorite stories of a no-show involves a small luncheon I gave for six friends at Le Bernardin. Five of us waited for quite a while for the sixth friend to arrive. When it became clear she wasn’t showing we went ahead and ordered lunch. She called me later that day, and in the blithest tone proceeded to tell me she couldn’t come to lunch because her ring fitting had gone on longer than expected. I confess that made me skip a beat to figure what on earth she meant. When I figured out she was being literal, I simply hung up. That one still rings in my ears.

“No one seems to fear the consequences of not showing up. I say off with their heads.” Often, excuses revolve around children. If kids really knew how often they were said to be deathly ill or involved in a school scandal, they would be hard-pressed to recognize themselves. In the country, weekend excuses often involve speeding stops, which is a quite a stretch. How many times can you use that without needing to explain how you still drive without a license? Auto breakdowns are another fave. Given the lack of local taxis in my hunt country weekend home, that one is pretty hard to counter. Then there’s the one that’s straight out of the fifties: “My babysitter bailed on me.” Riiiiight. So is there any polite, slightly redeeming behavior that can mitigate these faux pas? For starters, if your partner decides not to join you at a seated dinner, pick up the phone and find a replacement so there isn’t a gaping hole at the table. Try to use common sense when inviting and don’t scare the horses— or your hosts. It's always a good idea to run ideas by him or her first. Always ask your host before bringing along uninvited guests. If it’s a hot, famous athlete or a respected writer, the answer may be yes; your personal trainer may be a no. Lose the ridiculous excuses and simply say you are really sorry but you need to cancel. Send flowers or at least a note the next day. But the real trick is to respect the effort made in trying to entertain you. Damn the excuses. Just show up. 134 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

VieVite-Ad_Avenue_Mar2018.indd 1 AM0318_Turquoise Life_r0.indd 1

3/7/18 4:25 PM 9/3/2018 10:31

MS. D E M E A N OR

THE REVERED ART OF JUST SHOWING UP

OUR COLUMNIST HAS A LITTLE LIST. YOU MIGHT WANT TO STAY OFF IT.

his column has railed against social media. But it has great virtue when it serves as the modern Candid Camera: a reliably amusing tattletale. Supermodel Nina Agdal and Christie Brinkley’s son, Jack Brinkley-Cook, were recently busted by Instagram posts, dry humping at Montauk hotspot The Surf Lodge when they were meant to be seated in church at a friend’s wedding. Seriously? Did they really think they’d get away with that? Do any of you recall the old adage “Showing up is half the battle”? My parents constantly nattered on about the importance of keeping appointments, be they job interviews, family dinners,

tennis lessons, etc. Those were the days when young people still listened to authority figures. Nowadays simply showing up is akin to driving a wood-paneled station wagon: antiquated. Try giving a cocktail party. The hardest part is finding out who will actually attend. At least a fifth of those you invite will bail out without letting you know. When people RSVP “Yes” nowadays, you’re an idiot to take that at face value. What “Yes” really means is “If I’m in the mood for a party that night.” And even if they do show up, they usually neglect to tell you their other half isn’t coming, or they’re bringing three friends, wreaking havoc on your head count and supplies of food and drink. Mercy to hosts who run out of alcohol.

As if not showing up isn’t rude enough, people today have zero guilt. Zippo. No apology call or text the next day. And if you happen to run into them a few days later, no mention of their transgression will be made unless you confront them. Whatever happened to sending flowers or a handwritten apology? But what really pisses me off is the sense of entitlement this behavior reveals. My friend Carolyne Roehm, one of the great hostesses of the 1980s and ’90s, recently told me she entertains far less due to the trendy prevalence of no-shows and lastminute cancellations. It takes a lot of time, effort and expense to entertain, and if people can’t bother to turn up, I don’t blame her for locking up her Limoges. Another close friend says she recently planned a seated dinner for sixteen and ten either cancelled two hours beforehand or simply didn’t appear. When I asked her what the excuses were, she answered, “The usual bull: health issues, got the date wrong, ‘I’m away and can’t get back in time.’” Please! You have to be brain-dead to think your host will buy any of those pathetic attempts to sound legitimate. The absurd counterbalance is the old school notion that a polite host should appear unfazed, understanding and gracious to the last-minute bail-outs. Hold on. Hasn’t this vintage nicety been perverted into permission? Certainly, no one seems to fear the consequences of not showing up. I say off with their heads—take them off your list. Let’s take the real estate business as a model. When you sign a contract to buy a property, should you bail out, you forfeit your deposit of 10 percent of the sale price. If you pull a no-show for surgery with a plastic surgeon I know, you will face continued on page 134

136 | AVENUE MAGAZINE • AVENUE ON THE BEACH • AUGUST | SEPTEMBER 2018

JAMES DIGNAN REPRESENTED BY WWW.TRAFFIC-NYC.COM

by Nina Griscom

Sagaponack Luxury Gary R. DePersia Licensed A s sociate Real E s t ate Broker m 516.3 8 0.0 53 8 | g d p@corcor an.com

Sagaponack. A spectacular Sagaponack residence, on a lush 1.6 acres, is now available for sale millions elow houses of similar e cellence. This edroom home on three levels of living space offers the masterful construction that has become the of the Farrell Building Co. With interiors by Campion Platt and Gale Sitomer, a gracious entry egins a ourney that includes great room with fireplace li ing room eat in itchen with butlerâ&#x20AC;&#x2122;s pantry, formal dining room and guest master suite. Powder room, mudroom and heated tiled car garage complete the first oor. pstairs the large master wing offering fireplace lu urious spa li e ath wal in closets pri ate terrace and a sitting room reigns o er well spaced guest suites. The finished lower le el adds recreational room staff suite a gym wine cellar plus a full spa with steam sauna finishing with a ultra high end home theatre profiled in the Times. Control remotely controls nearly all functions inside and out. Covered patios overlook the Gunite saline pool & spa, outdoor shower and a basketball half-court. Marderâ&#x20AC;&#x2122;s has framed everything in total privacy amid manicured grounds with specimen trees and owering perennials highlighted at night y in ground lighting. For the full story visit myhamptonhomes.com/106263 Exclusive. $5.295M WEB# 106263 Real estate agents affiliated with The Corcoran Group are independent contractors and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate ro er located at adison e . ll listing phone num ers indicate listing agent direct line unless otherwise noted. ll information furnished regarding property for sale or rent or regarding financing is from sources deemed relia le ut Corcoran ma es no warranty or representation as to the accuracy thereof. ll property information is presented su ect to errors omissions price changes changed property conditions and withdrawal of the property from the mar et without notice. ll dimensions pro ided are appro imate. To o tain e act dimensions Corcoran ad ises you to hire a qualified architect or engineer.

AM0818_Corcoran Gary Depersia C3_r0.indd 1

21/7/2018 11:47 PM

E X T E L L

P R E S E N T S

THE BEST OF B R O O K LY N FROM EVERY POINT

Designed by Kohn Pedersen Fox, with interiors by Katherine Newman, Brooklyn Point offers luxury residences with spectacular views. The 720-foot-tall tower features over 40,000 square feet of indoor and outdoor amenities, including the highest residential infinity pool in the Western Hemisphere. Brooklyn Point will be the first and only for-sale residential address at City Point. STUDIO TO THREE-BEDROOM LUXURY RESIDENCES FROM $850,000 TO $3,900,000. 25-Year Tax Abatement. Monthly Carrying Costs For a Two-Bedroom Residence Start at $1,280.

I n f o @ B r o o k l y n Po i n t N YC . c o m B r o o k l y n Po i n t N YC .c o m | 718 . 222 . 5770

@BrooklynPointNYC

The complete offering terms are in an offering plan available from Sponsor. File No. C16-0008. Sponsor: 138 Willoughby LLC. 805 Third Avenue. Seventh Floor, New York, NY 10022. Sponsor reserves the right to make changes in accordance with the terms of the Offering Plan. Equal Housing Opportunity.

AM0818_BK Point-Extell_r0.indd 1

21/7/2018 11:41 PM