AVENUE the palm beach issue
GUESS WHO’S ON THE A-LIST?
JANUARY 2017
QUEEN OF
Diamonds KARA ROSS Unleashed (and other Palm Beach Stories)
THE PERFECT BALANCE “BETWEEN ACADEMICS AND adventure ”
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L E TTE R F RO M T H E EDITOR
DEAR READERS,
SO, 2017 IS HERE. And AVENUE’s evolution continues. This month, as last, we still look sort of the same, but we’re different. Thanks to our cover subject, Kara Ross, who decided to pop an octopus hat on her head for our shoot, and to fashion director Emily Barnes and photographer Ben Fink Shapiro (who posed together, below, on the lawn of Kara and Stephen Ross’s Palm Beach oceanfront estate). AVENUE’s new attitude is clear to see on its latest cover. We’re not going to be mean, but given the chance, we will be mischievous. New blood courses through the inside pages of our latest Palm Beach issue, too, proving that neither the magazine, now entering its 41st year, nor the resort established by Henry Morrison Flagler at the turn of the last century, are giving in to age or entropy. That’s abundantly clear in our opening feature, the latest iteration of our Palm Beach A-List, which has been thoroughly revamped, vetted by a panel of discerning experts, and expanded to include Wellington, Jupiter Island, Hobe Sound and West Palm.
FRED CONRAD
We’ve sought to eliminate the lame (in every sense of that word) and add some younger and perhaps unexpected folks. And if we missed you this year, we’ll find you the next, promise. So please let us know if you feel we included anyone we shouldn’t, or ignored anyone deserving of listing. But spare us comments on the inclusion of the Trumps, who are set to become America’s First Family on January 20. Barring the unexpected (and we understand that some may wish for that), the King and Queen of Mar-a-Lago are, as the saying goes, facts on the ground. We won’t be mean about them, either. Others will surely do that. But we can have fun. Exhibit A: The marvelous A-List illustration of Melania Trump as the Statue of Liberty by Paul Dickinson.
“Neither AVENUE, now entering its 41st year, nor the resort established by Henry Morrison Flagler at the turn of the last century, are giving in to age or entropy.”
This month’s other features spotlight some big news on the beach: Michele Dargan Dargan, who spent the last 20 years working as an assignment reporter at the Palm Beach Daily News, before retiring last spring, has investigated the story of the revamped Royal Poinciana Gardens, the first worthy retail competitor to Worth Avenue. Its developer, Samantha Perry David, whose father, Richard, knows a thing or two about retail as the owner of Barneys New York, and whose mother Lisa appeared on AVENUE’s September 2012 cover, has already begun welcoming new tenants like Sant Ambroeus Palm Beach, and signing more, like the great luxury brand Hèrmes. And Linda Marx, an internationally syndicated freelance writer, charts the ascendance of a new Trumpcentric Palm Beach elite we are calling the Coconut Cabinet. I hope you enjoy our winter sojourn to South Florida as much as we’ve enjoyed putting it together for you.
iro
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Emily Barnes an
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Michael Gross Editor
TWIN PEAKS LUXURY ESTATE
Web: 0056875 | Offered at $39,500,000
HARALD GRANT ASSOCIATE BROKER | 516.527.7712
SOUTHAMPTON BROKERAGE | 50 NUGENT ST., SOUTHAMPTON, NY 11968 | 631.283.0600 | 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.
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JANUARY 2017
FEATURES 46
VOL. 41 NO. 1
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PALM BEACH A-LIST
Celebrating South Florida’s social giants
illustration by paul dickinson
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THE QUEEN OF DIAMONDS
Kara Ross unleashes her inner philanthropist
by kelly laffey photographed by ben fink shapiro
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PHOENIX RISING
Samantha Perry David is turning a decaying Palm Beach mall into an edgy shopping magnet
by michele dargan
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MAKING PALM BEACH GREAT AGAIN Introducing Trump’s Coconut Cabinet
by linda marx
this page Kara Ross photographed by Ben Fink Shapiro, styled by Emily Barnes, hair and makeup by Marissa Nemes at artist-management.net using Gucci Beauty and Oribe Haircare, fashion assistance by Edwin Exaus. Peach Silk Blouse by Carolina Herrera. Available at Carolina Herrera, 954 Madison Avenue, 212.249.6552. Zebrawood Pebble Necklace in 18k yellow gold with Kunzite and Diamond Accents by Kara Ross New York. Available at Kara Ross New York, 655 Madison Ave, 212.755.8100. Gold Tassel Necklace in 18k yellow gold by Kara Ross New York. Available at Kara Ross New York, 655 Madison Ave, 212.755.8100. White denim jeans by Hudson, Kara’s own. Pony hair and calf leather pump by Christian Louboutin. Available at Christian Louboutin, 59 Horatio Street, christianlouboutin.com. (on bottom right) Aerin Lauder photographed by Claiborne Swanson Frank.
COLUMNS 26
CHRONICLES
New Year, New Goals: AVENUE’s friends share their aspirations for the year ahead
by debbie bancroft
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OBJECTS OF DESIRE
A pop of pink and palm tree prints
by wendy sy
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TRENDSCAPE
Get Beach Ready! Here’s what’s hot for resort season in the New Year
by kristopher fraser
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on the cover Kara wears Pinky the Octopus in pink, blue and clear crystals by Kara Ross New York. Peach Silk Blouse by Carolina Herrera. Available at Carolina Herrera, 954 Madison Avenue, 212.249.6552. Vintage Emilio Pucci beaded jacket, white denim jeans by Hudson, red and orange lobster heels by Charlotte Olympia, Kara’s own.
chris antemann Forbidden Fruit
Through FeBruarY 5, 2017
museum of arts and design Jerome and Simona Chazen Building | 2 ColumBuS CirCle, nYC | madmuSeum.org Support for Chris Antemann: Forbidden Fruit is generously provided by Arlene Schnitzer and Jordan Schnitzer, Joan and Alan Safir, Sandra Kissler and Mort Weinstein, Dorothy Saxe, and MEISSEN®. Photo by Jenna Bascom
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VOL. 41 NO. 1
JEWELRY BOX
A Legend Returns: Artist Barry Kieselstein-Cord reinvigorates his storied brand with a new retail gallery
by wendy sy
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EDIFICE COMPLEX
A House Divided: In 1953, a developer with the soul of a butcher hacked Lagomar, a Roaring Twenties Addison Mizner villa, into pieces. Now, after an award-winning expansion, it has hit the market for $17 million
by john freeman gill
M E T ICULOUSLY RENOVAT ED PRE WAR RESIDENCE
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983 Park Avenue, 3C
SOCIAL SAFARI
Glamour Will Never Die: Aileen Mehle, Jackie O, Bill Cunningham, Charles James, Angelina Jolie, Anderson Cooper and Masterworks at the Met
by r. couri hay
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WORLD ACCORDING TO . . .
Fashion icon Amanda Boalt Coleman
introduction by kelly laffey
DEPARTMENTS 13
Offered at $7,995,000.
ON THE AVENUE
Celebrating Andy Warhol, the Madison Avenue BID, a toast to AVENUE’s new editor-in-chief, Findlay Gallery, Bonhams and Missoni previews their pre-fall 2017 collection
by kristopher fraser
LAUREN MUSS
L i c . A s s o c . R . E B ro ke r O: 212.350.8000 O : 9 1 7. 5 0 9 .7 7 7 7 lmuss@elliman.com elliman.com/2377782
Aerin Lauder discovers the culture of Costa Rica
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Superb, generously proportioned 10-room apartment with 4 bedrooms, 4.5 baths, formal dining room, Cerused Oak-paneled library and state-of-theart eat-in kitchen with separate breakfast room and staff room. Also featuring 10-ft high ceilings, woodburning fireplace, custom woodwork, and central A/C. Located in white-glove prewar building with fitness room and basketball court.
POSTCARD FROM . . .
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ARTS CALENDAR
This month’s selection of arts and culture
by paul oliver
letters to the editor
AVENUE welcomes “Letters to the Editor” Please address to: Editor Michael Gross 72 Madison Avenue, 11th Floor New York, NY 10016 mgross@manhattanmedia.com 575 MADISON AVENUE, NY, NY 10022. 212.891.7000 © 2016 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. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY.
6 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
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For the latest on people and parties, visit www.avenuemagazine.com Like and follow us on @AVENUEinsider
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SUMMERING is a year-round activity.
Nothing warms the soul during the holiday season quite like endless sunshine, a chaise lounge and a private beach at Eau Palm Beach Resort & Spa. Disappear into a world of intuitive service, exceptional cuisine, engaging kids programs and an ambiance of new-fashioned luxury that has earned Forbes Five-Star Awards for both the resort and the fabulous Eau Spa.
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PRESIDENT Randi Schatz rschatz@manhattanmedia.com ASSOCIATE PUBLISHER Susan Feinman sfeinman@manhattanmedia.com SALES MANAGER, HAMPTONS Maria Cable mcable@manhattanmedia.com HAMPTONS SALES DIRECTOR Ken Kroncke ken@manhattanmedia.com HAMPTONS ADVERTISING SALES REPRESENTATIVES Catherine Ellams ■ Jean Lynch Kathy Rae ■ Tom W. Ratcliffe III ACCOUNT DIRECTORS, SOUTH FLORIDA & CARIBBEAN Maria Coyne mecoyne@mecoyneinc.com Susan Harrington susan@mecoyneinc.com MARKETING MANAGER Amourelle Delmonte adelmonte@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
12 Lagomar Road, Palm Beach Winner of the 2012 Ballinger Award, this beautifully renovated Mizner Estate features an oversized dining room reminiscent of the Roaring 20s, a grand living room with terrace, and a master suite with sweeping Intracoastal views. Room for a tennis court. Includes beach parcel.
www.12LagomarRoad.com Exclusive - $16,950,000 C 561.629.3015
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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.
10 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
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CHAIRMAN Richard Burns rburns@manhattanmedia.com EXECUTIVE ASSISTANT TO THE CHAIRMAN Clara Quiroga cquiroga@isisventures.com DIRECTOR OF HUMAN RESOURCES Lauren Kaplan lkaplan@manhattanmedia.com
NOW UNDER CONSTRUCTION
ADD THIS VIEW TO YOUR COLLECTION
OVER 50% SOLD
BEYOND PRICELESS VIEWS, THE BRISTOL OFFERS A SUITE OF UNRIVALED AMENITIES EXCLUSIVE TO RESIDENTS. FROM THE VALET AND CAR SERVICE TO THE TWO-STORY SPA AND FITNESS CENTER OVERLOOKING THE INTRACOASTAL, EVERY ASPECT OF LIFE IS ELEVATED TO AN ART WHEN YOU LIVE IN THE PALM BEACHES’ MOST OPULENT WATERFRONT CONDOMINIUM TOWER. 561-222-4444 | BY APPOINTMENT ONLY | THEBRISTOLPALMBEACH.COM | SALES@THEBRISTOLPALMBEACH.COM PALM BEACH ISLAND SALES GALLERY: 440 ROYAL PALM WAY, SUITE 100, PALM BEACH, FL 33480 DEVELOPED BY FLAGLER INVESTORS LLC ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. THIS IS NOT INTENDED TO BE AN OFFER TO SELL, OR SOLICITATION TO BUY, CONDOMINIUM UNITS TO RESIDENTS OF ANY JURISDICTION WHERE SUCH OFFER OR SOLICITATION CANNOT BE MADE OR ARE OTHERWISE PROHIBITED BY LAW, AND YOUR ELIGIBILITY FOR PURCHASE WILL DEPEND UPON YOUR STATE OF RESIDENCY. THIS OFFERING IS MADE ONLY BY THE PROSPECTUS FOR THE CONDOMINIUM AND NO STATEMENT SHOULD BE RELIED UPON IF NOT MADE IN THE PROSPECTUS. THE PRICING AND AVAILABILITY ARE SUBJECT TO CHANGE WITHOUT NOTICE. FOR NEW YORK RESIDENTS THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSOR, FILE NO. CD15-0055 (*Note that Sponsor and Seller are the same.)
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On the
AVENUE photographed by Zachary Hilty
Karolina Kurkova at the Alex Katz x H&M Art Basel Miami, 2016 at The Edition, Miami Beach, FL
ON TH E AV E N U E |
by
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I’LL WRITE YOU A LOVE LETTER
Cadillac and the Andy Warhol Museum came together to celebrate Warhol’s legacy through imaginative, co-created content and experiences. The global traveling art exhibition was unveiled at a special opening night celebration held at Cadillac House in NYC and featured rarely seen artwork and personal letters showcasing Warhol’s intimate connection to fashion, music and art, as well as artistic contributions from several modern-day cultural creators. 1. Donna D’Cruz, Brian Atwood and J.J. Martin 2. Pippa Cohen, Ann Dexter-Jones and Katrina Pavlos 3. Sienna Miller, Chiara Clemente and Francesco Clemente 4. Derek Blasberg and Poppy Delevingne 5. Zac Posen 6. Sean Lennon and Cecilia Dean 7. Olivia Palermo and Giancarlo Giammetti 14 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
MATTEO PRANDONI/BFA.COM
The official opening of the “Letters to Andy Warhol” exhibition, a collaborative project between Cadillac and the Andy Warhol Museum
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WHAT’S THE BID DEAL?
COMPLIMENTARY GLASS OF CHAMPAGNE WITH A MAIN COURSE WHEN YOU MENTION AVENUE.
AVENUE cohosted a party with Extell Development at the Kent for Madison Avenue BID’s 20th anniversary and our philanthropic icons issue. Guests drank VieVité Rosé and Ivy Blanc de Blancs champagne. DJ Super Dave from Allen Dalton Entertainment kept everyone dancing throughout the night. 1. Wally Turner, Polly Onet and Mark Gilbertson 2. Matt Bauer, Mike Brightbill and Jerry Poznick 3. Diane Ramirez 4. Kim Sheppard and Chad Fulton
16 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
JARED SISKIN/PMC
AVENUE Celebrates the Madison Avenue BID’s 20th Anniversary and the Philanthropic Icons
From our Winter Collection
(Clockwise from upper left) 15 Central Park West: Stunning 2,367 sq.ft. home boasting magical views that stretch over Central Park, the Hudson River and beyond, framed by the glittering city skyline. Offered at $18,800,000. Noel Berk 212-371-4065. 1965 Broadway: Perfectly designed 4-bedroom home with sweeping floor-toceiling windows offering park, city and river exposures. Offered at $11,250,000. Daniel Joory 917-773-7668. 146 West 57th: The ultimate refined luxury with floor to ceiling windows providing abundant light, city skyline views and a peek of the Hudson River. Offered at $1,795,000. Howard Morrel 212-956-4823. 14 Prince Street: Charm and sophistication in this gut-renovated one bedroom apartment in a pre-war condominium in one of New York’s most sought after neighborhoods. Offered at $1,250,000. Martin Purcell 646-552-6890. 175 East 62nd Street: Spacious and lightfilled 3-4 bedroom on high floor of full-service cooperative. Offered at $2,425,000. Christine Miller Martin 917-453-5152. Engel & Völkers New York City 430 Park Avenue · New York · NY 10022 · USA Phone +1-212-616-7600 nyc@evusa.com · evre.nyc
©2017 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.
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A TOAST TO GROSS AVENUE hosted a party at Doubles to celebrate our new editor-in-chief, Michael Gross. Located in the Sherry-Netherland hotel, the venue had the perfect intimate lighting and a great space for us to welcome our guests and introduce them to the new era of the magazine. 1. Sharon Bush and Shari Rollins 2. Gay Talese and Michael Gross 3. Harry and Gigi Benson 4. Laura Hunt and Jane Lawrence 5. Pam Taylor and Richard Johnson 6. John Parsiani and Richard Steinberg 7. Stan Ponte and Randi Schatz 8. Allison Stern, Michael Gross and Dana Hammond 9. Parker Gentry and Patricia Jean 18 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
OWEN HOFFMANN/PMC
AVENUE Celebrates Our New Editor-in-Chief
VIP ACCESS
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RESORT STYLE AMENITIES
OUTDOOR THEATER & LOUNGE
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INTERIOR DESIGN BY DEBORA AGUIAR
POOL TERRACE & TENNIS CLUB
HYDEBEACHHOUSE.COM ®
Related Realty & Key International Sales in collaboration with Fortune Development Sales
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T 954.744.1051 Visit one of our sales offices:
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Oral representations cannot be relied upon as correctly stating representations of the developer. For correct representations, make reference to this brochure and the documents required by Section 718.503, Florida Statutes, to be furnished by a developer to a buyer or lessee. This offering is void where prohibited by law. Your eligibility for purchase will depend upon your state or territory of residency. This Condominium is developed by PRH 4000 SOUTH OCEAN, LLC (“Developer”). This offering is made only by the Prospectus for the Condominium; no statement should be relied upon if not made in the Prospectus provided to you by the Developer. Developer expressly reserves the right to make modifications, revisions, and changes to the Condominium design and to amenities as the Developer deems desirable or necessary as a matter of code compliance, or otherwise. Developer, pursuant to license or marketing agreements with each, has a right to use the trade names, marks, and logos of: The Related Group, SBE Licensing, LLC and SBE Hotel Group, LLC, which licensors are not the Developer. HYDE® is the registered trademark of SBE Licensing, LLC. In the event the license to use HYDE® terminates, or is not renewed, HYDE can no longer be associated with the Condominium. Any art depicted or described may be exchanged for comparable art at the Developer’s discretion. Consult the Prospectus for all terms, conditions, specifications, and Unit dimensions. This condominium is not beachfront.Reproduction for private or commercial use is not authorized. 2015® PRH 4000 SOUTH OCEAN, LLC, unless otherwise noted, with all rights reserved.
ON TH E AVENUE
FINDLAY FIRST Findlay Gallery kicked off their season GET MORE
Findlay Galleries debuted their season in Palm Beach with an exciting exhibition, Legacy of a Modern Master: Kees van Dongen and Jean-Pierre Cassigneul. The exhibit also explores the elusive and rarified lifestyle that served as inspiration for both of these masters.
CLICKS CLIQUE
1. James Borynack, Dr. Donna Plasket and Dr. David Breneman 2. Bill Bone and Frances Scaife 3. Jennifer Garrigues and Denis Hanrahan 4. Natalie Pray and Georgina Sullivan 5. Barbara de San Damian and Gustavo Novoa
FROM YOUR
AVENUE can now create targeted email and social media campaigns. Hyper-customizable distribution based on 200 affluent demographics with our database of 100 million people nationally
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Contact AVENUE President Randi Schatz for more details today! rschatz@manhattanmedia.com
4 20 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
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DON’T MISS MISSONI PRE-FALL Missoni previews their pre-fall 2017 collection
1. Callie Reiff 2. Roopal Patel, Angela Missoni and Tracy Margolies 3. May Kwok 4. Nicole Neumann 5. Daphne Velghe, Manuela Frey, Amilna Estevao, Dasha Denisenko and Mayowa Nicholas 6. Ottavio Missoni Jr. 7. Grace Mahary and Teresa Dilger 8. Wanessa Milhomem 9. Kevin Barba and Julia Loomis
22 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
KELLY TAUB/BFA.COM
A little rain wasn’t stopping Angela Missoni. Weather was a mere formality that proved no problem as she filled her family brand’s boutique with models and fashion insiders to unveil and celebrate her women’s pre-fall 2017 collection.
#1 IN THE COUNTRY
100 YEARS I N
M A N H A T T A N
We are excited to announce that the New York School of Interior Design is now ranked the #1 interior design program in the entire country. We are thrilled to be recognized for successfully preparing students for the business of design for 100 years. Let’s rejoice in this remarkable achievement together.
NYSID ANNUAL BENEFIT DINNER M O N DAY, M A R C H 6 , 2 0 17 Join us as we toast our future and honor interior designers David Kleinberg and Charlotte Moss; Sawyer|Berson Architecture and Landscape Architecture, LLP; and Delos™. For more information and to purchase tickets, visit
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MISS ME YET
Bonhams co-hosted a party with ME Miami
1. Kristen Guiter, John King and Pam Bingham 2. Kalid Cahhoughi, Jeff Wilkinson and Ozzy Pasqual 3. Maria and Kenneth Fisher 4. Frances Delinko-Peters and Jerry Berkowitz 5. Caroline Morrissey and Matthew Girling 6. Soni Laing and Claudia Panfil 7. Katie Lillis and T.J. Estavillo 8. Susan Harrington with Len Dugow
24 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
TOM TRACY
The new ME Miami Hotel came together with Bonhams to celebrate the opening of ME’s new hotel. Bonhams had jewelry on display in advance of their jewelry sale, and chic art adorned the walls.
diScover
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Projected comPletion Summer 2017 Schedule a Private aPPointment today 646.362.7496 | thereSidenceSmiamiBeach.com 4701 n. meridian avenue, miami Beach
Exclusive Sales Agent: Douglas Elliman Development Marketing. The Ritz- Carlton Residences, Miami Beach are not owned, developed or sold by The Ritz- Carlton Hotel Company, L.L.C. or its affiliates (“Ritz- Carlton”). 4701 North Meridian, L.L.C. uses The Ritz- Carlton marks under a license from Ritz- Carlton, which has not confirmed the accuracy of any of the statements or representations made herein. This graphic is an “artist’s rendering” and is for conceptual purposes only. THIS OFFERING IS MADE ONLY BY THE OFFERING DOCUMENTS FOR THE CONDOMINIUM AND NO STATEMENT SHOULD BE RELIED UPON IF NOT MADE IN THE OFFERING DOCUMENTS. THIS IS NOT AN OFFER TO SELL, OR SOLICITATION OF OFFERS TO BUY, THE CONDOMINIUM UNITS IN STATES WHERE SUCH OFFER OR SOLICITATION CANNOT BE MADE. PRICES, PLANS AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. OR AL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, REFERENCE SHOULD BE M ADE TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. Additionally, for New York purchasers, the complete offering terms are available in an offering plan available from Sponsor. CD16 - 0120.
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by
DEB B IE BA N CR O FT
NEW YEAR, NEW GOALS Dream big! Our AVENUE friends share their aspirations for the year ahead
J
anuary 2017 will be historic and significant, and hopefully a good start to an even better time ahead. While perhaps smaller in scale, our wellintentioned New Year resolutions are fun to utter yet harder to honor. Here are some from a few of our favorite folks:
PATRICIA CLARKSON
Nicky Hilton Rothschild
NICKY HILTON ROTHSCHILD To stay in New York more. I haven’t been on an airplane in six months, and I couldn’t be happier about it. I live in the best city in the world, after all.
BEN FOSTER
Patricia Clarkson
Every year, my resolution is to stay above ground.
I tend not to make them. I’ll turn 57 this year, and I’ve never married, so I guess you could say I’m not great at resolutions!
DR. SAMANTHA BOARDMAN To finish my book, hold off on the iPhone before 9 a.m. and after 9 p.m. and most important, to add value wherever and whenever I can.
Ben Foster John Demsey
JOHN DEMSEY I give up sugar for the month of January. Then I eat it for the rest of the year.
Dr. Samantha Boardman
Bob Colacello
DEBORAH NORVILLE To spend more time with friends and cooking intimate dinners for them at home.
Deborah Norville
BOB COLACELLO To finish my decade-in-the making second volume on the Reagans, which will cover the White House years.
BROOKE BALDWIN To carve more time out for me on a surfboard! Here’s hoping your resolutions make you happier, not guiltier. ✦
26 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
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OB JEC TS O F DESIR E |
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WEN D Y SY
Yellow Suede Pineapple Crossbody Bag, $975, by TOMASINI; select Barneys New York stores.
Flamingo Panama Hat, $375, by IBO MARACA; Barneys New York, 660 Madison Avenue, barneysnewyork.com.
OH SO LUSH A pop of pink and palm tree prints
Pavé Diamond and Green Garnet Palm Tree Necklace, $730, by SYDNEY EVAN; Bergdorf Goodman, 754 Fifth Avenue, 888.774.2424, bergdorfgoodman.com. Boca Cat-Eye Sunglasses with Horn, $220, by ILLESTEVA; Bergdorf Goodman, 754 Fifth Avenue, 888.774.2424, bergdorfgoodman.com.
Dual-Intensity Blush in Fervor, $45, by NARS; 971 Madison Avenue, #3, 212.861.2945, narscosmetics.com.
Banana Leaf Print Beach Tunic, $240, by SHOSHANNA; shoshanna.com. French Art Nouveau Diamond, Demantoid Garnet, Crystal and Gold Flower Brooch circa 1900, $12,500, from MACKLOWE GALLERY; 667 Madison Avenue, 212.644.6400, macklowegallery.com.
18k Rose Gold Pink Sapphire and Diamond Flamingo Pin, $4,400, by SCULLY & SCULLY; 504 Park Avenue, 800.223.3717, scullyandscully.com.
Jane Flat Ankle-Wrap Espadrilles in Metallic Print Jacquard, $295, by FRANCES VALENTINE; francesvalentine.com. 28 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
Call Time Styling Primer, $27, by IGK; igkhair.com.
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A RTS C A L E N DA R |
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P A U L O LIVER
ALL EYES ON ART This month's selection of art and culture
Auctions:
BONHAMS Jan. 26: Important Maritime Paintings and Decorative Arts 580 Madison Avenue, New York 212.644.9001 bonhams.com
Montague Dawson (British, 1890–1973). The British Clipper Ship Thermopylae, signed lower left “Montague Dawson.” Watercolor and gouache on paper, 16-1/4 x 26 in.
Galleries:
THE FRICK COLLECTION Through Jan. 22: Cagnacci’s Repentant Magdalene: An Italian Baroque Masterpiece from the Norton Simon Museum 1 East 70th Street, New York 212.288.0700 frick.org
NEUE GALERIE
NEW YORK Through Jan. 16: Klimt and the Women of Vienna’s Golden Age, 1900–1918 1048 Fifth Avenue, New York 212.994.9493 neuegalerie.org Portrait of Adele Bloch-Bauer I, 1907. Gold, silver, and oil on canvas. Neue Galerie New York. Acquired through the generosity of Ronald S. Lauder, the heirs of the Estates of Ferdinand and Adele Bloch-Bauer, and the Estée Lauder Fund
30 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
Gaston Lachaise (1882 - 1935). Torso with Arms Raised (LF 106), 1935, Bronze, 36 x 32 x 14 inches, Edition 3/8. FG© 207519
WALLY FINDLAY Jan. 7 - Jan. 31: Gaston Lachaise 165 Worth Avenue Palm Beach 561.655.2090 wallyfindlay.com
EST. 1870
FG© 137606
ART FINDLAY
EXHIBITION ON VIEW
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Museums:
Jan. 17 – 31: Alexandra Bachzetsis’s Massacre: Variations on a Theme
NEW MUSEUM
11 West 53rd Street, New York 212.708.9400 moma.org
235 Bowery, New York 212.219.1222 newmuseum.org
Alexandra Bachzetsis. Massacre: Variations on a Theme. 2016. Rehearsal image. © 2016 Alexandra Bachzetsis. Photographer: Sotiris Vassiliou
MOMA
Jan. 18 – April 23: A.K. Burns
MUSEUM OF NORTON MUSEUM OF ART Dec. 22 – Jan. 29: Spotlight: William Merritt Chase’s Shinnecock Hills, Autumn 1451 South Olive Avenue, West Palm Beach 561.832.5196 norton.org
THE MET BREUER Through Jan. 29: Kerry James Marshall: Mastry Jan. 24 – May 7: Marisa Merz: The Sky Is a Great Space 945 Madison Avenue, New York 212.731.1675 metmuseum.org
ARTS AND DESIGN Through Jan. 22: Crochet Coral Reef: TOXIC SEAS Jerome and Simona Chazen Building 2 Columbus Circle, New York 212.299.7777 madmuseum.org ✦
HISTORIC ESTATE ON SEASCAPE
Sagaponack | $6,950,000 | As you cross the small bridge over Sagg Pond, you enter into the timeless world of Sagaponack. Set across from a 30-acre reserve, this home retains all the character and charm of old Sagaponack. The living room, originally a boathouse circa 1900, has beamed cathedral 14 ft ceilings and a wood-burning fireplace. The 5,112 sf house
is set on a lush acre. Web# H37178
MARYANNE HORWATH
Lic. Assoc. R.E. Broker
O: 631.204.2720 | C: 516.617.8938 maryanne.horwath@elliman.com 2488 MAIN ST, P.O. BOX 1251, BRIDGEHAMPTON, NY 11932. 631.537.5900 | © 2017 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.
32 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
UPCOMING AUCTIONS January 19 January 26
January 26 February 27
The Scottsdale Auction Important Maritime Paintings and Decorative Arts The Las Vegas Motorcycle Auction The Elegant Home
Consignments now invited for our Spring auctions. Please contact us for a complimentary and confidential appraisal. jon.king@bonhams.com
MONTAGUE DAWSON (BRITISH, 1890-1973) Far Away - The Black Adder oil on canvas 24 x 36 in. $40,000-60,000 To be offered January 26, New York INQUIRIES Palm Beach +1 (561) 651 7876 Fort Lauderdale +1 (954) 566 1630 Miami +1 (305) 228 6600 jon.king@bonhams.com
International Auctioneers and Appraisers – bonhams.com © 2016 Bonhams & Butterfields Auctioneers Corp. All rights reserved. Principal Auctioneer: Patrick Meade. NYC License No. 1183066-DCA
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KRISTOPHER FR A SER
GET BEACH READY! Here's What's Hot for Resort Season in the New Year
THE BREAKERS HOTEL
If you were having trouble figuring out which resort to go to this season, the Breakers Hotel is the answer. The luxury resort is back on everyone’s radar lately thanks to its newly remodeled seafood bar, which opened just last month. The refined restaurant gives diners a beautiful oceanfront view that is straight out of a fantasy. The Breakers is also known for its posh suites, with the most luxurious within the Flagler Club, located on the sixth and seventh floors. Some of its amenities include a dedicated staff of 19 team members exclusively for the 25-room hotel-within-a-hotel, spa-like marble bathrooms with rainforest shower-heads, house car service in the club’s Tesla and PranaSleep adjustable bedding. thebreakers.com
FLYWHEEL DARK FLORALS
Floral prints on dark hues like black and navy are in. They were seen in the resort collections of designers like Tadashi Shoji, who reminded us that florals don’t always need to be paired with bright colors. The contrast creates a small but dramatic effect. It’s the perfect kind of dress for the lady who wants attention, but not too much while she is on a resort vacation. C’est chic. tadashishoji.com
34 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
Looking to get in shape for the new year or stay beach body ready for resort season? Flywheel has you covered with locations in New York, the Hamptons, Miami Beach, North Miami and Boca Raton. Top trainers like Dwayne Frection, Angela Lutin, Chris Tracey and Natalie Cohen Gould will whip you into shape and keep your body fit, tight and right with their signature spin classes. Flywheel has an extensive schedule during the holiday season so snowbirds always have classes available too. flywheelsports.com
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WEN D Y SY
A LEGEND RETURNS
Artist Barry Kieselstein-Cord reinvigorates his storied brand with a new retail gallery
B
arry Kieselstein-Cord has been a household name for decades in the art and fashion worlds. Now, after a six-year sabbatical, his KieselsteinCord brand has been reinvigorated with a fresh perspective, new collections and a gallery which doubles as a retail space in his hometown, Millbrook, New York. The site is the first of 15 planned capsule locations that will sell fine and sterling jewelry, bronzes, handbags, belts and buckles, as well as his own photographic prints. A trained fine artist with a business background in media and retail, Cord thoughtfully designs each piece as a bold, unique object of wearable art. Over the years, the Coty and CFDA award-winning creative has gained an immense following, and his pieces have been collected by personalities including Anne Bass, Diana Ross, Sarah Jessica Parker and Barry Diller and Diane von Furstenberg, to name a few. A number of his creations are displayed in the permanent collections of museums around the world, including the Metropolitan Museum of Art and the Louvre. So why did his prior 40 retail operations briefly turn towards e-commerce, and why is now an ideal time to make a comeback with a brick-and-mortar space? “I took time to travel and reorganize my brand platform to build on it from a different perspective that is much more global,” says Cord, who never stopped designing. “It’s a continuation of many designs, incorporating new interpretations.” In his archives, there are thousands of designs, including many examples of his signature alligator motif belt buckles and other goods. The idea was sparked from a childhood pet alligator named Hubert, which he received from his parents.
Although jewelry is only one segment of the vast brand, it is Cord’s foundation. An entirely new category from Kieselstein-Cord is a cultured pearl collection, which includes earrings, necklaces, bracelets and rings. “We’re living in a world where oceans are getting more and more polluted. Pearls are potentially a disappearing commodity; I did many historical studies and found that I could be excited about working with this material,” says Cord. “It’s an opportunity to express thoughts I had for some time but have not been able to employ.” Like everything in the brand, the pieces remain true Cord’s mission to look unlike anything else. “The majority of pieces are inspired by nature and involve intellectual double and triple entendres, often poking fun, but at the same time provoking deep thought,” he says. “They each have their own distinct personality. If you want to make a statement, you wear Kieselstein-Cord.” ✦
HIDD E N G E M
Money Can’t Buy Verdura’s Pot of Gold Unbeknownst to Duke Fulco di Verdura, a little brooch studded with sapphires, diamonds, emeralds and rubies would be the foundation for a jewelry house. A protégé of Coco Chanel, Verdura had a list of devotees included Joan Crawford, Katharine Hepburn, the Duchess of Windsor, Greta Garbo, Gloria Vanderbilt and Cole Porter. The Verdura renaissance began in 1965 when Ward Landrigan, then Sotheby’s jewelry expert, discovered the brooch hidden in Sotheby’s vault. The bejeweled potted plant piqued Landrigan’s interest. Soon, he would sell it back to Verdura, the first of hundreds of Verdura designs to pass through Landrigan’s hands before he bought Verdura’s name in 1985, seven years after the designer’s death. Included were nearly 10,000 sketches by the Italian nobleman. In 2015, the twinkling, iconic Potted Plant appeared for private sale in Manhattan—and Landrigan bought it back. “It holds memories, history and meaning that money can’t buy,” he says. He won’t ever sell it again, but it can be viewed by appointment at Verdura’s Fifth Avenue salon. —Carol Brodie Carol Brodie is a jewelry expert and the host of Rarities Fine Jewelry on HSN.
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E D I F IC E C O M P L EX |
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J O H N FREEMA N G ILL
A HOUSE DIVIDED
In 1953, a developer with the soul of a butcher hacked Lagomar, a Roaring Twenties Addison Mizner villa, into pieces. Now, after an award-winning expansion by its interior designer owner, a vibrantly resuscitated section of the Palm Beach house has hit the market for $17 million.
Artist’s rendering of 12 Lagomar Road, in the estate section of Palm Beach.
38 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
RENDERING BY VATHAUER STUDIOS. PHOTO FROM THE HISTORICAL SOCIETY OF PALM BEACH COUNTY.
W
hen John Magee, a prosperous New York coal broker, with her husband, Roberto, an investment banker, in 2005. “It looked decided to make his presence known in South Florida like a lonely child, as if it had been cut off and never treated as a during the Roaring Twenties, he hired seminal Palm separate house.” Beach architect Addison Mizner to design an imposing, Less imaginative owners would have razed the truncated villa, Mediterranean Revival style mansion. which was awkwardly situated just five feet from one of its lot lines Mizner obliged. and 155 feet from another. But Mrs. de Guardiola, an interior designer, He conjured up Lagomar—a 16-room villa on a six-acre estate (no set out with her architect to expand and reenvision the fragment as relation to Mar-a-Lago), which spanned the island from ocean to lake, a 21st-century home worthy of its Miznerian origins. It was an with 400 feet of private frontage on each and a boathouse on the lake. ambitious undertaking, but a successful one by any measure. In the ensuing years, Mizner designed several additions. Over time, By the time the de Guardiolas put the rejuvenated five-bedroom Lagomar became renowned not only for its gracious proportions, house on the market last year for $16,950,000, it had won the Ballinger but also for its tropical landscaping and walled sunken garden with Award, given by the Preservation Foundation of Palm Beach to honor fountain and reflecting pool. The property abounded with citrus trees, inspired rehabilitations of historic buildings. palms, seagrape, bougainvillea, oleander and hibiscus. “By saving a slice of the subdivided 1924 Lagomar estate, [the In the 1950s, a developer purchased project] has one foot in the past. But Original 1924 dining room, with Woodite Lagomar and more or less ran a buzz saw by combining classical Roman additions reproductions of paneling from the University of Salamanca in Spain. through its elegant design. He artlessly with New York townhouse- style living, bisected the main house by cutting a tenit refashions that slice into a vision for foot section from its midriff, then treated the future,” said Alexander Ives, then the this gaping wound by slapping a new Preservation Foundation’s president, at exterior wall on each of the resulting halfthe Ballinger Award ceremony in 2012. houses. A guest house, originally connected The resulting hybrid of old and new, to the main villa by a bridge, was severed Ives added, “certainly does the estate’s and became a separate home. original architect—that Gatsby figure “It really was a crime what they did,” of imagination and Palm Beach dreams, said Joanne de Guardiola, who bought the Addison Mizner—proud.” western portion of the dismembered villa The original Lagomar was accessed on
Portrait by renowned illustrator Joseph Adolphe.
WILMINGTON TRUST RENOWNED INSIGHT
“You’ve built a strong team for your business. Have you done the same at home?”
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As a business owner, you likely spend time promoting a sense of teamwork, collaboration, and unity among your employees. But are you doing the same within your family? Establishing a strong sense of team at home is crucial if you hope to pass on your business to future generations. The dilemma. Parents in highnet-worth families face the challenge of preparing the next generation to tackle wealth-related issues, while also worrying about entitlement and lack of motivation. They often spend a great deal of time preparing their money for their family, but rarely focus on preparing their family for the money. Many business owners who come to us have fallen into this trap. We see them devoting significant resources to off-site company retreats, where abilities and shared values are identified, and the company’s mission for the future is discussed at length. But when asked if they are doing the same with their families, there’s likely silence and a shrug. Interdependence is often overlooked. By the time you realize that your family is fragmenting into a group of independent, self-interested
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F I D U C I A R Y S E R V I C E S | W E A LT H P L A N N I N G | I N V E S T M E N T M A N A G E M E N T | P R I VAT E B A N K I N G
This article is for informational purposes only and is not intended as an offer or solicitation for the sale of any financial product or service. This article is not designed or intended to provide financial, tax, legal, accounting, or other professional advice since such advice always requires consideration of individual circumstances. If professional advice is needed, the services of your professional advisor should be sought. Private Banking is the marketing name for an offering of M&T Bank deposit and loan products and services. Investments: • Are NOT FDIC-Insured • Have NO Bank Guarantee • May Lose Value Wilmington Trust is a registered service mark. Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation (M&T). Investment management and fiduciary services are provided by Wilmington Trust Company, operating in Delaware only, and Wilmington Trust, N.A., a national bank. Loans, retail and business deposits, and other personal and business banking services and products are offered by M&T Bank, member FDIC. ©2017 Wilmington Trust Corporation and its affiliates. All rights reserved.
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Main entrance with stairs leading up to courtyard. South loggia adjacent to the dining room and courtyard.
the ocean side through an arched portico, which gave way to a grand hall with a tiled floor and a staircase adorned with wrought-iron railings. An octagonal card room off the hall was crowned with a carved ceiling imported from Spain, according to the late architectural historian Donald W. Curl. An expansive living room featured a high, coffered ceiling. The dining room was located in its own wing facing the patio and Lake Worth. Two years after the mansion’s completion, it was sold to Mrs. Henry Robinson Rea, a widow whose husband’s family had owned a foundry near Pittsburgh. Never quite satisfied, Mrs. Rea put Mizner to work designing addition after addition. The expanded villa survived intact until 1953, when it succumbed to the postwar Palm Beach trend toward smaller homes. Alan M. Graf, a northern hotel owner, bought Lagomar for a mere $180,000, according to research conducted by the Preservation Foundation. Graf then proceeded, with the tenderness of a sailing ship’s drunken barber performing surgery on the high seas, to hack the estate into 12 pieces. The result was collectively renamed Lagomar Park. As inelegant as this dismemberment may have been, it undoubtedly spared the house a worse fate. By contrast, El Mirasol, the 37room Palm Beach mansion that Mizner had designed for J. P. Morgan partner Edward T. Stotesbury, was demolished in 1958. When the de Guardiolas purchased the western half of the bisected Lagomar villa, known today as 12 Lagomar Road, the home was in pretty rough shape. “All the windows had been removed, the openings were covered with plywood, and some construction had started but had been stopped midstream,” said Raphael Saladrigas, the couple’s architect, who at the time worked for Brower Architectural Associates. “The house had been modified, demolished and disassembled to the point where there was not a lot left that was really identifiable.” 40 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
Aerial view of 12 Lagomar Road, in foreground, looking northeast.
The main exception—and it was a notable one—was the dining room, a marvelous Mizner confection with 16-foot ceilings that was still in remarkably good condition. The 24-by-35-foot room, facing Lake Worth, was embellished on all four walls with a trademark Mizner touch: Woodite reproductions of English linenfold paneling that the architect had shipped from the University of Salamanca in Spain and installed in his own Palm Beach dining room. An imposing fireplace with Spanish tiles and a bold mantel dominated one wall. Underfoot were original terra-cotta tiles. Overhead were handsome ceiling beams of pecky cypress, a local wood Mizner favored for the feeling of antiquity that its imperfections conveyed. “My husband and I both fell in love with that amazing room,” said Mrs. de Guardiola. “And we love a challenge, so I thought, ‘Let’s restore this jewel.’” The dining room, which the de Guardiolas converted into a living room, was the sweet spot of the house. It was the “cookie in the design,” as Saladrigas put it. “That was the room you really wanted to get people up to.” The truncated building lacked any proper formal entrance. This left the architect facing the conundrum of how to construct a complete house out of the existing partial house in a way that allowed that Mizner “cookie” to serve as an organic centerpiece. The solution Saladrigas and Mrs. de Guardiola settled on was to extend the house to the west to create a more welcoming (and at the same time more formal) greeting space at ground level. From the cul-de-sac on Lagomar Road, visitors drive into a greeting court. A single arched doorway, surmounted by a roof colonnade, beckons them inside on foot. They then immediately ascend a staircase to a courtyard flanked by covered breezeways. To the south of the courtyard is a pool pavilion. Directly to the east is a new dining room and a gallery, from which a sinuous spiral staircase leads guests upstairs to the living room
ANDY FRAME
By the time the de Guardiolas put the rejuvenated five-bedroom house on the market last year with an asking price of $16,950,000, it had won the Ballinger Award, given by the Preservation Foundation of Palm Beach to honor inspired rehabilitations of historic buildings.
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ED I FI CE COMPLEX
2017 CONCERT SEASON Arsht Center-Knight Concert Hall MIAMI
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FAU-Kaye Auditorium BOCA RATON
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(the erstwhile Mizner dining room). Above this level are two guest bedrooms and the master suite, which offers breathtaking views up and down the Intracoastal Waterway and clear across to downtown West Palm Beach. “It’s a vertical house,” said Saladrigas, who is now a partner in Studio SR, an architecture and design firm. “It’s really a three-story townhouse with a fourth story below that’s a garage, basement and storage area.” The key elements of the Mizner-designed dining room turned living room—its linen-fold panels, flooring and fireplace—were painstakingly removed, restored off-site and returned. The three arch-topped openings were moved closer together in the west wall’s center. They now open onto a spacious, partially covered balcony that overlooks the lake. To open up the property and create more play space for the couple’s children, the de Guardiolas bought an adjacent parcel and tore down what had been staff quarters on the original estate. “It’s very much a family house,” said Mrs. de Guardiola. “It’s about Christmas dinner and having kids of all different ages running in and out.” Mrs. de Guardiola also had family in mind when she undertook the renovation of the Highlander, a far-famed 151-foot yacht. The couple bought the vessel in 2014 from the heirs of Malcolm Forbes, editor-in-chief of Forbes magazine. Forbes loved to entertain on the boat, hosting a roster of luminaries over the years that included Ronald Reagan, Prince Charles, Mick Jagger, Paul McCartney, Harrison Ford, Margaret Thatcher and Liz Taylor. “It’s an iconic boat—a little more iconic than I realized,” Mrs. de Guardiola said with a laugh. “We can’t always keep as low-profile as we like.” While the couple have done their fair share of entertaining on the Highlander—hosting Judy and Leonard Lauder, Gail and Carl Icahn, Rudolph Giuliani, and Canadian prime minister Brian Mulroney—the primary focus of Mrs. de Guardiola’s renovation was her children and stepchildren. “I made it a family boat,” she said. “It had a rounded back to pick up speed, but there was no way to go swimming, so I cut off the back, added on 15 feet, and made it a big huge open swim platform.” The Highlander has a cushy life, summering in the Mediterranean and wintering in the Caribbean. One year the family took the boat through the Bosphorus into the Black Sea. This winter the couple plan to snorkel in Belize. These days the two spend 10 weeks of the year on the boat. And now that the children are all grown and spread around the globe, the Lagomar villa has just become too much house. The de Guardiolas are ready, having reinvigorated a historic property, to hand it off to new owners. With any luck, the couple’s transition to their next phase of life will be as seamless as the renovation of their Palm Beach home. “It’s the best of both worlds—an old Mizner house but also a brand-new house,” Mrs. de Guardiola said. “You can’t tell where the old one ends and the new one starts.” ✦ John Freeman Gill’s first novel, The Gargoyle Hunters, will be published by Alfred A. Knopf in March 2017
PENTHOUSE QUINTESSENTIAL PALM BEACH, FLORIDA Sophisticated and expertly renovated to perfection 3 bedroom, 3.5 bath plus office with 1,500 SF terrace. Airy open feeling with expansive city/sky and ocean views, you can enjoy immediately. Prime in town full service building.
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Everything’s Coming Up Palm Trees
KELLY TAUB/BFA.COM
Inside South Florida Society
MARCH 2015 • AVENUE MAGAZINE | 45
Melania Trump enlightens South Florida from the lawn of Mar-a-Lago, (with apologies to Frédéric Auguste Bartholdi and Emma Lazarus).
“Give me your ‘uge, your unfathomably rich, Your tiara’d trophy wives yearning to breathe sea, Send these teeming Gulfstreams south to me, I lift my lamp beside the golden door!”
LIST Palm Beach
The Powers That Be in America’s Foremost Resort by the Sea
WARD MCALLISTER is spinning in his grave. Or at least he likely would be if the man behind the Mrs. Astor’s legendary list of New York’s 400 had read the news about Donald J. Trump’s election to the presidency. Or overheard some of what AVENUE’s editors were told while compiling our 2017 Palm Beach A-List. Say what you will about them, the Tumps are now the resort’s leading citizens. Learn to live with that. But, for this updated accounting of social clout, we have managed to banish some true deplorables—climbers, racists, anti-Semites, druggies, party-crashers, drunks and assorted other disorderlies. Still, there’s no denying that Palm Beach and environs are changing. So this list has, too. Brownie McLean, meet Howard Stern. Your paths may never cross in public, and certainly never will at the Everglades. But you’re both the tops as far as we’re concerned.
illustration by Paul
Dickinson
■ photographed by Patrick
McMullan
JANUARY 2017 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 47
2017 Palm Beach A-LIST
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Donna and Bill Acquavella Suzanne and Michael Ainslie Annette Tapert and Joe Allen Maribel Alvarez Leon Amar Bettina Anderson Inger Anderson Kent Anderson Ann-Britt and Christian Angle Alexandra Hufty Anlyan Iris Apfel Marcia and Eugene Applebaum Christina Araskog Jessie and Rand Araskog Eileen and Bill Araskog Jane Carroll and Leo Arnaboldi Theodora Aspegren Lian Fanjul de Azqueta and Norberto Azqueta Sr. Robin and Norberto Azqueta Jr. Lyanne Azqueta
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Robert Bailey Mary and Kane Baker Lavinia Baker Tori Baker and Nick Papanicolaou Robert J. Barrett III Danielle and Sascha Benemann Nellie Benoit Gigi and Harry Benson Lori and Michael Bernstein William Bernhard Tony and Vanessa Bayer
Annette Tapert and Joe Allen
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Gigi and Harry Benson Victoria Hagen and Michael Berman Susan Lovejoy and Fernand Bibeau Christopher Bickford Lizzi Bickford Georgina Bloomberg Mary Bloomberg Toinette Boalt Arianna and Dixon Boardman Nadine Kalachnikoff and Lars Bolander Alexandra Villard de Borchgrave James Borynack Nancy and Larry Bossidy HRH Princess Maria Pia of Savoy and Michel de Bourbon-Parme Kimmie and Steve Brauer Jackie and Beau Breckenridge Katherine Bryan Ginny Burke Jean and Harry Burn Whitney and Eric Bylin
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Oliver Cameron-Hayes Kim Campbell Iris Cantor Countess Christina de Caraman Stockard Channing Mary Brittain and Kendall Cheatham Luce Churchill Alfred Clark James Berwind and Kevin Clark Tiffany and George Cloutier Robert Eigelberger and Susie Phipps Cochran Amanda Boalt Coleman Annabelle and Denis Coleman Kim and Payson Coleman Stephanie and Chase Coleman Timothy Coleman Cristina Condon Mayor Gail Coniglio and Frank Coniglio Carissa Fanjul Coniglio and Nick Coniglio Suzanne Kent Cooke Jacqueline Kent Cooke Agneta and Brownlee Currey Jr. Christian Currey Frances Currey Briggs Samantha Curry Merrill and Ashton Curtis
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Joanne and Roberto de Guardiola Ashton de Peyster Jacqueline Desmarais Sophie Desmarais Beth Rudin DeWoody and Firooz Zahedi Nicole DiCocco Christina Floyd Di Donna and Emmanuel Di Donna Peggy and Rodney Dillard Phyllis Dillon Dusty and John Dodge III Linda and Barry Donahue Shannon Donnelly Jackie Weld Drake Renate and Alex Dreyfoos Fiona and Stanley Druckenmiller Mimi Duncan
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Annie and Michael Falk Cathie and Andres Fanjul Emilia Fanjul and Brian Pfeifler Emilia and J. Pepe Fanjul Nico Fanjul Nikki and Alex Fanjul Lourdes Fanjul and J. Pepe Fanjul Jr. Raysa and Alfy Fanjul
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Reddy Fanjul Tina Fanjul Lillian and Luis Fernandez Nacho and Delfina Figueras Ross Meltzer and Victor Figueredo Bill Finneran Nicole Fischer Courtney Fischer Anne Fisher Kirsten and Averell Fisk Judy Flynn Lydia and Bob Forbes Darrah Gleason and Bill Ford Walter Raquet and Sabrina Forsythe Melanie Charlton and Jordan Fowler Kim Fox Francine Lefrak and Rick Friedberg Marguerite and Cyrus Freidheim Elissa and Bobby Friedman
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Pamela Fiori and Colt Givner Paula and Eric Gleacher Roni and Gerry Goldsmith Darcy and George Gould Brianne Goutal Clementine Goutal Jane and Robert Grace Carlos Gracida Patti and Clark Graebner Lorna and Larry Graev Ellen and Ian Graham Susan Gray Mei Sze and Jeff Greene Regina and Rainer Greeven Kenneth C. Griffin Mary Kirk and Alex Hufty Griswold Audrey and Martin Gruss Kate and Jimmy Gubelmann Shelly and Billy Gubelmann Susan Gubelmann Helen Guest and Winston Guest Jr. Hilary and Bryant Gumble Danielle and Vahan Gureghian
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Diane and Bruce Halle Anne and Matt Hamilton George Hamilton Danny and Denise Hanley Allie Hanley Nicole Hanley Mellon Anne and William Harrison Mai Hallingby Harrison James Held and Kenn Karakul Sylvia Hemingway
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Margaret and James Kenny Jorie Butler Kent Judy and Jarrett Kling Bridget and Bill Koch Jessica and Dana Koch Julia and David Koch Paulette and Dr. Ronald Koch Carole and Joel Koeppel Dorothy and Sidney Kohl Suzie and Bruce Kovner Terry Allen Kramer Marie-Josée and Henry Kravis Kristen and Charles Krusen
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Gay Hart and Stanley Gaines Christie Gannon Tim Gannon Philippe and Nan-B Gaspé-Beaubien Robbin Bain and Alexander Gaudieri Julie and Philip Geier Jr. Lori and Bruce Gendelman Barbara and Peter Georgescu Jill and David Gilmour
Mary Hilliard Leslie Hindman Neil Hirsch Jane Holzer Kelly Matthews Hopkins and Rick Hopkins Jane and Michael Horvitz Travis Howe Brooke Wendel Huttig Consuelo Hutton
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Ann and Charles Johnson
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Penny Lancaster
and Rod Stewart JANUARY 2017 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 49
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Stephen A. Levin Millie Dayton and Eric Levine Louise and Sir Christopher Lewinton Cameron Lickle Michele Henry and Garrison Lickle Renee and Bill Lickle Sasha Lickle Amalia Dayan and Adam Lindemann Susan Lloyd John Loring Wisler Pierre Louis Jeffrey Lurie Karin and Joe Luter
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George Matthews William Matthews Ann and Gilbert Maurer Talbott Maxey Sara and Jim McCann Hawley and John McAuliffe Chip Kidd and J.D. “Sandy” McClatchy Pat McCloskey Minnie and Kevin McCluskey Rip McIntosh Bill and Kitty McKnight Brownie McLean Mimi and Leroy McMakin Kristina Anderson McPherson and Brad McPherson Peggy and Alberto Mejia Virginia and Frederick Melhado Dede and Laddie Merck George Merck Dina Merrill Denise and Bill Meyer Anita and Sam Michaels John S. Middleton Leverett Miller Muffy and Don Miller Lawrence Moens Lili and Ambrose Monell Peggy and Dudley Moore Jr. Mel Slingluff and Christopher Morley Lourdes de Guardiola and Michael Morrissey Renée and Carlos Morrison Tommy Morrison Siri and Tony Mortimer Nina and William Morton Jr.
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Nic Roldan Nancy and Bill Rollnick Patricia Rooney and Patrick Rooney Jr. June and Timothy Rooney Alexandra Lind Rose and Louis Rose Arlene Dahl and Marc Rosen Hilary and Wilbur Ross Kara and Stephen Ross Susan and Burke Ross Allegra Rumbough Cole Rumbough Janna and Stanley Rumbough Jr. Kiera Rumbough Lee and Stanley Hutton Rumbough
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Billy and Kathy Rayner Siri and Tony Mortimer with daughter Bree Mortimer
Philip and Julie Geier
Christine and Steve Schwarzman
Tomas Maier
52 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
Q of D ueen
Kara Ross, Unleashed
iamonds by Kelly
Laffey
photographed by Ben styled by Emily
Fink Shapiro
Barnes
hair and makeup by Marissa
Nemes at artist-management.net using Gucci Beauty and Oribe Haircare fashion assistance by Edwin
Exaus
Kara wears one-of-a-Kind 20-Millimeter 14k Gold Hand-Woven Fringe Earrings from world renowned designer Simon Alcantara. Available at charitybuzz.com. Emerald City Necklace - Raw Emerald in the matrix with 18k yellow gold by Kara Ross New York Black and White Polka Dot Silk Georgette Blouse by Michael Kors. Available at Michael Kors stores, 866.709.KORS, michaelkors.com. Black jumpsuit and multicolored sandals by Brian Atwood, Kara’s own.
JANUARY 2017 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 53
pal the Octopus is a sparkling beauty. She is made of bronze, resin and crystals. Her eyes shine under gold eyelashes. Her sisters are Lola the jewel-encrusted Lobster, and Pinky the blue-eyed Octopus. “[Lola is] sexy. And she loves fashion,” says Kara Ross. “So many people have taken pictures of themselves putting Opal on their heads,” continues Ross, who sometimes does the same. She scrolls through Instagram. She finds #OpaltheOctopus, an eightlegged crown. #LolatheLobster has even more fans. Lola lounges poolside, enjoys a spritz of Chanel perfume, plays lacrosse, dons jet skis, and dreams of attending class at SoulCycle. Lola, Opal, Pinky and Kara split their time between her oceanfront home in Palm Beach and the Midtown Manhattan office of Diamonds Unleashed, Ross’ newest venture. Diamonds Unleashed is a nonprofit that champions women’s empowerment. At the moment, Opal sits in the corner of the conference room. “She’s whimsical. It’s fun,” says Ross. “That’s the way we think [of Diamonds Unleashed]. It’s bright and colorful and cheery and happy.” Two years ago, Ross reset her engagement ring into the shape of a serpent. It snakes around her finger. Her husband is real estate mogul Stephen Ross, the chairman and founder of Related Companies. The two married in 2003. They have four daughters between the two of them. But Ross, a certified gemologist who has been in the fine jewelry business for more than 20 years, wasn’t content to merely sit like an ornament on the crowned head of New York real estate. “I got to a point where I wanted to continue working, but I also [wanted to give back],” says Ross. As she worked on her ring, Ross began thinking about the attributes of a diamond—strong, brilliant, unbreakable and multifaceted—and how those qualities also described women. “Diamonds Unleashed is about rethinking the symbolism of a diamond—to shine a spotlight on the fact that these wonderful attributes that a diamond has also represent women’s strengths,” says Ross. “It’s turning the typical women’s reference to diamonds on its head.” Ross closed down Kara Ross New York, her eponymous fine jewelry company, in May 2015, and launched Diamonds Unleashed in December. “To be clear, I’m not asking everyone to buy a diamond,” Ross continues. “I’m saying, think about yourself as a diamond.” Multifaceted describes Ross’ vision for Diamonds Unleashed, too. The company carries out its mission by creating jewelry through a partnership with CanadaMark diamonds, which are all ethically sourced, and by donating net profits to female-focused nonprofits like Girls Who Code and She’s the First. Jewelry collections are sold through HSN and Neiman Marcus. Diamonds Unleashed also provides a vehicle for women to sell handcrafted products. The company has partnerships with other women, most notably Serena Williams, who embody the broad vision of Diamonds Unleashed.
“Diamonds Unleashed is about rethinking the symbolism of a diamond—to shine a spotlight on the fact that these wonderful attributes that a diamond has also represent women’s strengths.” —KARA ROSS
K
ara Ross, then Kara Gaffney, grew up outside of Philadelphia as the oldest of five children. She attended the Agnes Irwin School, graduating in 1984 with fellow soon-to-be designer Tory Burch, née Robinson. Ross has always had a flair for stones and jewelry. Her mother was a jewelry designer. Her parents took her and her sister to Kenya when she was a young teenager, and they allowed the girls to pick out two stones. “When we came back, my parents asked, what do you want to make out of them?” Ross designed a ring. “The fine jewelry world can be intimidating,” she says. The price of entry “is very expensive. So that experience was very empowering, very unique,” says Ross. Ross went on to attend Georgetown, graduating in 1988 with a major in English and a minor in art history. A year and a half later, she enrolled in the Gemologist Institute of America and became a certified gemologist. She soon became well-known in fine jewelry circles, with her most famous private clients being former first couple Barack and Michelle Obama. “Jewelry tells a story. It translates a feeling. It evokes a message. It also speaks of how you see yourself, and then how others see you,” says Ross of the inspirations for her designs. Though Ross has now shifted her focus from Kara Ross New York to Diamonds Unleashed, the flagship Kara Ross New York Madison Avenue store is still open to sell heritage gems and Diamonds Unleashed products. “I’ve completely configured the business to be a vehicle for philanthropy,” says Ross. To her, the most fun part of Diamonds Unleashed is meeting other women who “want to give back,” she says of new friends like Martha Stewart and 54 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
Shirt, Kara’s own. Dyed ash rose broadtail with lace coat by Dennis Basso. Available at Dennis Basso Boutique, 825 Madison Avenue, 212.794.4500. Handcarved Maple Link Necklace with 18k Yellow Gold and Diamond Accents by Kara Ross New York, 655 Madison Avenue, 212.755.8100. Bleed Shield Earrings with Conflict-Free Diamonds from CFDA designer Rachel Dooley of Gemma Redux, and Rock Crystal Illuminate Necklace from CFDA designer Kara Ross, as part of Diamonds Unleashed’s Jewelers Unite initiative. Both available at charitybuzz.com. White denim jeans by Hudson and pink laceup sandals by Charlotte Olympia, Kara’s own.
JANUARY 2017 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 55
Ross began thinking about the attributes of a diamond—strong, brilliant, unbreakable and multifaceted —and how those qualities also described women.
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Katie Meyler, who was honored as a part of the Ebola fighters as TIME’s 2014 person of the year. An initiative that Ross and Diamonds Unleashed recently explored is working with SoJo, a South African lifestyle company that seeks to empower communities, and craftswomen in South Africa to create girls’ clothing. Dresses are made from custom-created fabric. “You’re giving work to the people who dye the fabric and make the fabric,” as well as the people who make the clothes, says Ross. So far, the project has employed 64 women in Cape Town. “I think product is important, because you’re giving somebody a job. There’s affirmation in that.” “They’re so proud,” adds Jaclynn Brennan, the vice president and creative director of Diamonds Unleashed. “They text Kara and say, oh, we’re so excited to wake up and go to work today.” Ross was inspired to start the Diamonds Unleashed X SoJo initiative while visiting one of her daughters when she was studying abroad in South Africa. For her next project, she would like to launch a similar program in Michigan, using the skills of people there. She heads to Michigan with her husband often to visit his alma mater, the University of Michigan. They frequently attend football games. Football is a shared passion for the couple. Kara grew up attending Eagles games in Philadelphia. Stephen Ross is also majority owner of the Miami Dolphins. When she met him, she was playing on a women’s football league. “I’m on the board at Georgetown and I love Georgetown, but we’re not going to the football games there,” she laughs. “Michigan games are so big. It’s crazy. It’s unbelievable.” The two live between New York and Palm Beach. “I love the fact that in New York, you can discover something new every day within a 10-block radius. Palm Beach is the antidote of that. It’s more of a relaxed, wonderful kind of resort community that, unlike a lot of resort communities, also has culture.”
L
ast month, Ross brought Diamonds Unleashed to Art Miami as the only ‘non-gallery’ booth at the event. The company partnered with notable women in the contemporary art world, including Agnes Gund and Lisa Dennison, the Chairman of Sotheby’s. Each nominated a young female artist to create a piece that reimagined the symbolism of a diamond. Sixty percent of the proceeds went back to the artists, and the rest went to a donor-advised fund. Another initiative involved the fusion of fashion, art and philanthropy. Artists worked with a classic white Norma Kamali “All in One Dress” to create a piece that portrayed what a diamond meant to them. The dresses were displayed in the lobby of the Mandarin Oriental in Miami. Diamonds Unleashed’s next venture is a class at the New School’s Parsons School of Design that focuses on women’s contributions to society throughout history. The course is on the syllabus for spring 2017. It will be a combination of learning about women’s history and mentoring sessions with current female thought leaders. “The idea is that you have all these really accomplished, wonderful women who have done something really notable, but you rarely hear about them,” says Ross. The course will also integrate salon series speaker sessions that will be open to the public. Like the conversation about women, retail has changed since Ross first delved into the jewelry business, and Diamonds Unleashed has been her way of harnessing the new spirit of giving back. “People are talking more than ever before about where products are sourced, what it means, what it’s valued at, and what the give-back associated with it is,” she says. “I can’t tell you how much joy I get out of this.” ✦
Maritime/White stripe silk georgette blouse by Michael Kors Collection. Available at select Michael Kors stores, 866.709.KORS. Jet Cuff with White and Black Mother-of-Pearl Inlay with 18K Gold and Diamond Accents and Raw Chrysoprase Necklace with 18k Yellow Gold and Diamonds by Kara Ross New York, 655 Madison Avenue, 212.755.8100. Rose Gold and Conflict-Free Diamond Hoops by CFDA designer Stephen Webster, as part of Diamonds Unleashed’s Jewelers Unite initiative. Available at charitybuzz.com. Denim blue jeans, Kara’s own.
Opposite page: Black and white Sequined Cashmere Pullover by Michael Kors Collection. Available at select Michael Kors stores, michaelkors.com, 866.709.KORS. Diamond-Accented Locket Choker in Silver Tone by Kara Ross New York. Available at HSN.com. Veau velours and patent leather pumps Christian Louboutin. Available at Christian Louboutin, 967 Madison Avenue, christianlouboutin.com. Denim jeans, Kara’s own. JANUARY 2017 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 57
“I think product is important, because you’re giving somebody a job. There’s affirmation in that.”
58 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
Lola the Lobster in clear crystals and motherof-pearl resin in gold-plated brass by Kara Ross New York. Bleed Shield Earrings with Conflict-Free Diamonds from CFDA Designer Rachel Dooley of Gemma Redux, as part of Diamonds Unleashed’s Jewelers Unite initiative. Rock Crystal Illuminate Necklace from CFDA Designer Kara Ross, as part of Diamonds Unleashed’s Jewelers Unite initiative. Both available at charitybuzz.com. Hand-Carved Wide Shirt Cuff Bracelet in Zebrawood with Sterling Silver and Citrine closure by Kara Ross New York. Available at Kara Ross New York, 655 Madison Avenue, 212.755.8100. V-neck shirt, Kara’s own.
JANUARY 2017 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 59
A hedgie scion is turning a decaying mall into an edgy shopping magnet
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Artist rendering of the new Royal Poinciana Plaza
SAMANTHA PERRY DAVID grew up spending time on Palm Beach Island. She is the 30-year-old daughter of hedge fund manager Richard Perry and fashion designer Lisa Perry. Three years ago, Samantha founded Up Markets, a division of the Boston-area development company WS Development. Her parents own several condominiums in Palm Beach Towers and an oceanfront home in the Estate Section; her mother once had a boutique on Worth Avenue, the island’s premier shopping district. In a year, Hermès will also leave Worth Avenue. David has lured the fashion luxury purveyor away to her latest venture—Royal Poinciana Plaza. “I would walk through the plaza all the time and was constantly surprised that everything on the island was perfect…and here was this one thing that was falling down,” says David of Royal Poinciana Plaza. “When we founded Up Markets, I thought it would be extraordinary if this could be transformed into a really vibrant place again.” David’s vision is to attract an eclectic and high-end mix of retail and dining with an appeal to a younger crowd. Up Markets bought the lease and management rights to the plaza for $22.5 million in 2014. The company acquired the property from Sterling Palm Beach, which had managed the plaza since 2008. Once a jewel in the crown of Palm Beach’s upscale shopping and dining experience,
the Royal Poinciana Plaza had steadily deteriorated in popularity and appearance since opening in the late 1950s. Early tenants were FAO Schwarz, Gucci and Schrafft’s restaurant. The plaza once housed the trendy nightclub Au Bar, famous for the pickup place where William Kennedy Smith met the woman who accused him of rape in 1991. Now, David is doing what those before her failed to do. She has received the blessing of the Town Council to renovate and restore the John Volk–designed plaza—a 12-acre land parcel with 180,000 square feet of retail space—to its former glory. The comprehensive face-lift was a multimillion-dollar project, David says. Renovations are complete. The new and improved version’s grand opening is set for November 2017.
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The improvements include restoring the buildings and fountains, and a new traffic pattern with wider entrance and exit lanes. The courtyards are also redesigned, with curved paths, seating areas and lush landscaping consisting of citrus trees, palm trees, shade trees, bushes, plants, hedges, flowers and shrubs. The Up Markets team has already drawn some impressive businesses to the plaza, including the celebrated New York Italian eatery Sant Ambroeus and the chic designer boutique Kirna Zabête. Though the team will not be announcing any other businesses until spring, getting Hermès to move from its prestigious Worth Avenue address to the plaza was a stunning coup. THE TOWN COUNCIL opposed the redevelopment plans of David’s predecessor, mainly because Sterling has sought to tear down the vacant Royal Poinciana Playhouse and put condominiums in its place. Historically, residents and council members have been opposed to adding more condominiums anywhere on the island. David has pledged to keep the playhouse as a performing arts venue and is in discussion with three potential operators to take it over. “A really important piece of this vision is to bring a great cultural center to Palm Beach, something that will promote and foster the arts,” she says of the playhouse, which has been vacant since 2004. Although Town Council president Michael Pucillo wasn’t on the council at the time of Sterling Palm Beach’s proposal, he remembers the strong opposition. “They presented a large condominium component on the water, and there was a reaction against that,” he says. “That’s why they were not successful.” Pucillo, an attorney and lifelong Palm Beach resident, recalls the plaza’s heyday and embraces Up Markets’ vision. “They’ve spent a lot of money refurbishing the building and the grounds and sprucing up the landscaping and improving the traffic flow,” Pucillo says. “It’s the one area of town that has a lot of parking, so that’s a big advantage.”
Regarding any concern that the plaza would diminish Worth Avenue’s position as Palm Beach’s premier shopping venue, Pucillo says he doesn’t see that happening. “There is an enormous amount of charm on Worth Avenue,” he says. “It’s really unique.” Sherry Frankel, a past president of the Worth Avenue Association and owner of Sherry Frankel’s Melangerie, agrees. “There are people who still love the elegance of Worth Avenue,” she says. “It’s more than 100 years old. You can’t take away history. It’s part of the paradise that makes up Palm Beach.” When the Paris-based Hermès opened on Worth Avenue in 1977, it was the brand’s second store in the United States; the first was on Rodeo Drive in Beverly Hills, says Robert Chavez, U.S. president and CEO of Hermès, Paris. Hermès was looking to expand in Palm Beach, and there was no availability on Worth Avenue with sufficient space, Chavez says. The store currently has 5,000 square feet and will move to 8,000 square feet in the plaza in November. “Our business clearly has grown over the last 40 years, and significantly in the past five or six years,” Chavez says. “We have a very loyal client base in Palm Beach and needed a lot more space. We searched long and hard to find the best possible scenario. I admire how Samantha David is putting the project together and diversifying the experience in the plaza. Someone whom I know in New York introduced us and I recognized the Perry name. One thing led to another, and a match in heaven was made.” Robin Miller, general manager of the Worth Avenue Association, says she met with the plaza’s general manager, Lori Berg, and received assurances that Up Markets was not soliciting Worth Avenue businesses for the plaza. “Samantha David is looking for a new and different mix,” Miller says. “We’re happy to see that happen. It will broaden the appeal on the island to have more than one center of retail.” Many of the businesses that will open in the plaza won’t be the recognizable retail names that everybody knows, David vows. “For me, the vision is bringing something here that Palm Beach never had before—young, energetic and vibrant,” David says. “The new Palm Beach.” As for Sant Ambroeus, the plaza is the first location outside the New York area. Dimitri Paoli and Gherardo Guarducci are business partners in SA Hospitality Group, owner of the Sant Ambroeus eateries. Paoli described David as “a great friend and customer” at the Madison Avenue and Southampton locations. “Samantha approached us and said she had this great project and showed us her plans for the plaza,” Paoli says. “When we saw the location, we could envision Sant Ambroeus being there.” In order for the restaurant to open, it needed zoning approvals from the town. “The approval process went very smooth,” Paoli says. “We got great help from Samantha and her team. The community was very welcoming.”
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But not the entire community. After the restaurant received zoning approvals from the town in March, resident Simon Taylor, an attorney and an advocate for reopening the shuttered playhouse, sued the town, Sant Ambroeus, SA Hospitality and RPP Palm Beach Property, the affiliate through which Up Markets leases the plaza. IN ORDER FOR the restaurant to be open for breakfast, lunch and dinner, the council had approved two zoning applications. The approvals allowed Up Markets to reduce the number of seats in the Royal Poinciana Playhouse by 135, enabling the restaurant to meet its parking requirements. Taylor challenged the legality of the town’s approvals. The court dismissed Taylor’s lawsuit in September and denied his request for a rehearing. The 120-seat restaurant opened in December and has the same authentic Milanese cuisine as the New York restaurants, with a few signature dishes offered only in Palm Beach. Paoli and his wife, Robin, recently bought a home in Wellington, about 20 miles west of Palm Beach. Paoli, a show jumper, and Robin, a hunter rider, compete in the 12-week Winter Equestrian Festival in Wellington. Paoli says he will be an active, on-site manager of the Palm Beach outpost for at least a year. “My customers will see me every day,” he says. “I want to make sure that our brand is well represented at our first restaurant outside New York.” The plaza’s current tenants include TooJay’s Deli, the upscale Palm Beach Grill, real estate agencies, fitness and beauty studios, medical offices, retail shops and a post office.
David declined to give specifics on what the plaza is charging for rental space, other than to say the prices are the same as Worth Avenue. One former tenant moved when offered a triple net lease that—with the added fees—would have increased the cost by several thousand dollars per year. As for other tenants, “The ones that are appropriate will remain. The others are on short-term leases and will leave when they will expire,” David says.
“I ADMIRE HOW SAMANTHA DAVID IS PUTTING THE PROJECT TOGETHER AND DIVERSIFYING THE EXPERIENCE IN THE PLAZA.” — Hermés CEO Robert Chavez
Up Markets is in negotiations with TooJay’s for “a longterm solution” to keep the deli, David says. “I would love for it to stay,” she says. “It goes to the quirkiness of what we’re trying to accomplish. All I care about is what makes my customers happy.” David praised her Up Markets team for their work in helping the community to embrace the project. “What gets me excited is how Palm Beach is changing,” she says. “It’s a casual lifestyle where people care as much about surfing as they do about going to a country club. Some people still know the old version of Palm Beach. If you go out to the restaurants in Palm Beach now, it’s like going out in Tribeca. You have young, cool, hip, really vibrant places. That’s the group we’re building this for. “This is going to be a community hangout where everybody goes for coffee in the morning and everybody goes with their kids to get a gelato after school,” she continues. “People are going to be here, not once a week, but every day.” Laurel Baker, executive director of the Palm Beach Chamber of Commerce, described the plaza renovations as “a game changer.” “I think they’re trying to recapture what it once was while meeting today’s expectations by providing a really lovely experience,” Baker says. ✦
Opposite page, and left: Artist rendering of new Royal Poinciana Plaza Above: Vintage postcard of Royal Poinciana Plaza
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Making
PALM BEACH Great Again
Introducing Trump’s Coconut Cabinet by
Linda Marx
W
hile the rest of the world waits, wonders and, in some cases, worries how Donald J. Trump will fare after his January 20 inauguration as commander in chief, many in the Palm Beach plutocracy are already glowing with excitement. The barrier-beach town should benefit greatly from the new Trump administration, not least from the economic stimuli of its fiscal and regulatory policies and especially from the presidentelect’s promised lower tax rates and caps on deductions. “Those will make the effective burden of state and local income taxes more severe, encouraging more wealthy people to become tax refugees in Palm Beach,” predicts part-time Palm Beacher Wilbur Ross, Jr., the billionaire investor and economic adviser to President-elect Trump, who has been tapped as secretary of commerce in the new administration. Ross, also known by the sobriquet “king of bankruptcy” for buying, revamping and selling underproducing industrial companies, played a key role in raising money from Wall Street types for the Trump campaign. The 78-year-old was so excited about the win, he stayed up until the wee hours on election night. Trump has selected another local, the daughter-in-law of Palm Beach’s Richard DeVos, Sr., the cofounder of Amway, to head the country’s Department of Education. Charter school advocate Betsy DeVos, a Vero Beach and Michigan philanthropist, as well as a busy activist and fundraiser, is elated, even though she was not initially in the Trump camp. Trump has also named Palm Beach County resident Ben Carson to serve as the secretary of Housing and Urban Development. Carson, a retired Johns Hopkins neurosurgeon and former presidential candidate, recently bought a home in West Palm Beach and loves socializing with Trump at Mar-a-Lago. Other mainstream Republicans who didn’t support Trump have changed face. Though they were labeled members of “the party of Davos donors” by new chief White House strategist Stephen K. Bannon, who further berated them for denigrating Trump supporters as “vulgarians, the hobbits” and “the peasants with the pitchforks,” as reported in the New York Times, most have also come around. Even billionaire industrialist David Koch, who didn’t support Trump, has expressed interest in working with him on matters of mutual benefit. Prominent Palm Beachers who weren’t afraid to back or raise money for Trump are even more excited for their future: art and Pucci-pants collector Bill Koch and his wife, Bridget Rooney Koch; Preservation Foundation of Palm Beach head Pauline Pitt; Landmarks Preservation commissioner Page Lee Hufty; Mar-a-Lago Club member and delegate-at-large to the Republican National Convention Robin Bernstein; talk host Rush Limbaugh and his Republican mover and shaker pal Gay Gaines; and bright philanthropist Diana Ecclestone likely think things could be worse.
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Prescient Palm Beach resident Ann Coulter is another trumped-up winner. The conservative syndicated columnist and outspoken political activist wrote the book, In Trump We Trust, published last August, because she says she believes that “a bull in a china shop is exactly what we need to ‘Make America Great Again.’ ”
I
Bridget and Bill Koch
CAPEHART PHOTOGRAPHY
Ann Coulter
Robin Bernstein
Toni HoltKramer and Robert Kramer
Wilbur Ross
ndeed, many who have merely shaken the hand of Trump the Great now intimate that they’ve kissed the reality-TV showman and celebrity extraordinaire. And some wouldn’t mind if you think they’re in bed with the president-elect. Once the 2016 presidential election morphed into a stunning movement for change—and what appeared to be a New Conservative Revolution—the view from Trump’s Mar-a-Lago Club seemed rosier than a Mother’s Day bouquet. In coming months, members of the Mar-a-Lago Club should be poised for their own social uprising. Just as President John F. Kennedy had his “Winter White House” in Palm Beach, which spun the island’s sugar white sand into 24k gold, now Trump has his own warm weather bolt-hole at Mar-a-Lago, which should do wonders for local tourism. (After all, it was Mar-a-Lago’s creator, the cereal heiress Marjorie Merriweather Post, who wanted her 1927 edifice to become the “Winter White House” and willed it to the Federal government. Considering it a white elephant, the United States sold it to Trump years before he emerged at the head of the white elephant herd). Even if President Trump rarely ventures outside Mar-a-Lago for anything but golf, the rest of Palm Beach will enjoy knowing that the king is in his castle. “Trump’s election is a win for Palm Beach because shops and restaurants will prosper, real estate sales will increase, and many curious people will drive as close as possible to Mar-a-Lago to try and catch a glimpse of this fantastic person whom I call Superman,” says Toni Holt Kramer, a club member and founder of the grassroots Trumpettes, a group of society women who are swirling atop cloud nine while aiming to emulate their newly elected president’s work ethic by empowering “all types” of women to toil away and improve their communities. Kramer also believes that if President Trump runs America like he runs Mar-a-Lago, “everyone” will enjoy sweet endings. “Mar-a-Lago has the best desserts,” she told actress Desi Lydic, a correspondent on Comedy Central’s The Daily Show. “Coconut cake, apple crumb pie, cookies, and a machine that makes ice cream!” Fittingly then, Trump has a delicious history in Palm Beach. The opening of his Mar-a-Lago Club in 1996 was the biggest thing that had happened to the island since Roxanne Pulitzer’s 1982 divorce trial from publishing heir Peter Pulitzer, which drew international attention and a constant stream of gawking tourists. (Few have forgotten the New York Post headline “I Slept with a Trumpet!,” referring to Roxanne’s recounting of a steamy spiritual moment, during the highly publicized trial. She took the trumpet to bed, she said, in hopes “the dead would speak to me through it.”) Not only did Trump impeccably restore the 20-acre sea-to-lake mansion back to its early glory, his Mar-a-Lago Club also opened its doors to wealthy residents who were not welcome in most of Palm Beach’s restrictive clubs. Mar-a-Lago’s very presence added a spark of life to a once-stilted island. And now that same spark has ignited a firestorm of interest and excitement that hasn’t been felt since the 1980s when the wealthy were fawned upon like Fabergé eggs. “It reflects well on those of us who live in the town of a sitting president,” says Palm Beach
photographed by Patrick
McMullan
David Koch
“
MANY PALM BEACH REPUBLICANS WOULD’T MIND IF YOU THINK THEY’RE IN BED WITH THE PRESIDENT-ELECT.
”
Ben Carson
architect Ken Walker, quipping, “Pretty women will say hello to me and people will buy me drinks!” Residents like Broadway producer Terry Allen Kramer (Kinky Boots, Evita, Sugar Babies, etc.) agree tourism will benefit Palm Beach, though she fears that her privacy and seclusion could be interrupted because “traffic will be horrendous.” True enough when the president comes to town. But a well-executed Secret Service protection plan should make Palm Beach residents feel safe even if they are inconvenienced by security checks and car swipes.
B
esides, a little difficulty navigating is nothing to fret over after reading a report from Climate Central that was published recently in the New York Times. It warns that Mar-a-Lago could be flooded at high tide by the end of this century depending on how fast Antarctic ice sheets melt if “greenhouse gas emissions continue unabated.” (Not that many Trump fans will read or believe that.) In the meantime, if President Trump makes good on his promises to upgrade water and waste, which includes protecting the dwindling water supply in south Florida, his three golf clubs—Trump International in West Palm Beach, Trump National in Jupiter and Trump National Doral in Miami—will be more attractive than ever. And so will Mar-a-Lago. After two decades of legal wheeling and dealing to keep jets from flying near the site, which he felt created an “unreasonable amount of noise, emissions and pollutants,” he is finally getting his wish. Since Air Force One, the official presidential plane, shuts down airspace or airports completely when landing, Mar-a-Lago should benefit, at least while President Trump is in town. “The image of Palm Beach will become more magical than ever with all kinds of important people coming here to be near President Trump,” gushes Robin Bernstein. “I stuck my neck out from the very beginning to support him and lost business in our insurance company because of it. But I never wavered on the strength and success of this man. I tell people to never bet against Donald J. Trump.” ✦
Page Lee Hufty
Richard and Betsy DeVos
The 411 on Wealth Management
moderated by Kelly
Laffey
■
photographed by Jonathan
Grassi
Wealth Management Experts Talk About the Aftermath of the Election, Best Practices, and Where to Put your Money Now 68 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
ON THURSDAY, November 10, AVENUE sat down with four titans of wealth management to discuss the state of the business today. The roundtable was held less than 48 hours after Donald Trump became our next president-elect. The group chatted about the immediate impact of the election, the importance of cyber security, estate planning and passive and holistic investing strategies. Here, they offer their best tips for how to manage your finances. AVENUE: What impact do you think a Trump presidency will have on financial markets? HENRY JOHNSON: Well, given that we’re speaking with one another less than 48 hours after election night, anything we’re thinking is based on a very early understanding of where and how Trump’s policies and actions will impact markets. That said, there are some areas that appear to be clearer than others. One, it seems like for the first time since the early 1980s, we ought to be in a position to see some real tax reform in the United States. There should be not only simplification, but also real change that will meaningfully impact both individual and corporate taxpayers. That ought to drive equity markets positively, and we’re seeing that early enthusiasm already. MIKE TIEDEMANN: The one dynamic that is indisputable is that Trump is largely a domestic known entity. He’s globally known as a brand, but if you’re a foreign leader or a company that does a tremendous amount of trade with the United States, you’ve just lost all of your connectivity into Washington. You can also argue that the election was a bottoming of the political structure. And now, we have a two-year window where there won’t be gridlock. TONY GUERNSEY: Trump likes to build things, and the nation’s infrastructure averages 22.5 years old. So he’ll definitely invest in infrastructure and try to reduce businesses that have become so highly regulated. America spent $10.7 billion last year to conform to regulations, which is staggering. As a result since the election, the dollar, financial, drug and oil servicing sectors have rallied.
AVENUE: The markets dropped when the election results came in, and now we’re at all-time highs. Is this typical for an election? KATHRYN GEORGE: I think research has shown that this is pretty typical. The market tends to drop 1, 5 and 30 days after an election and then rebound. But it tends to be very volatile during that period. If you’re a long-term, value-oriented wealth manager like BBH [Brown Brothers Harriman], volatility presents the opportunity to own great businesses at attractive prices. But you’ve got to do the analysis. GUERNSEY: Right. The last time I looked, the choice of panic was not an accredited investment strategy.
AVENUE: Switching gears, cyber security is a growing concern among investors. Can you comment on how people can protect their assets in today’s digital world? GUERNSEY: To date, the banks have been liable for cost of cyber security for their clients, but I don’t think that can continue. We spend a lot of dollars on improving technology and delivering our statements electronically. Still, thieves have been known to hack database
systems. To insure oneself from a cyber attack, we recommend that at least one month a year clients print out their summary statements from all entities where they are signed up for online services. GEORGE: We’re seeing an unprecedented number of fraud and phishing attempts. So we’ve been spending a lot of time with clients giving security advice. Your passwords have to be complex. You need to change them regularly. We’re even suggesting that clients have email accounts solely for the purpose of talking to their financial advisor, so that there isn’t a way that someone could get access to that inadvertently. JOHNSON: We work with colleagues to assure they are sensitized to the “voice” of their clients, particularly in writing. Inbound phishing attempts increasingly appear authentic, and can even be sent from what appears to be a client’s email. We also recommend discussing information security resiliency plans with clients, whether with their family offices or with them individually.
AVENUE: For people who invest in luxury pieces like art or jewelry that are passed down from generation to generation, can you talk about estate planning? TIEDEMANN: I think this is one of the areas that people make mistakes. Collecting is fundamentally an object-based exercise. But financial and estate planning is an asset-based exercise. Often, you can have unintended consequences when you think about planning on an
ROUNDTABLE PARTICIPANTS KATHRYN GEORGE, Partner, Brown Brothers Harriman
PETER “TONY” GUERNSEY JR., Chief Client Advocate, Wilmington Trust Co.
HENRY JOHNSON, Executive Vice President and Vice Chairman, Wealth Management– East Region, Northern Trust MIKE TIEDEMANN, Chief Executive Officer and Chief Investment Officer, Tiedemann Wealth Management KELLY LAFFEY, Deputy Editor, AVENUE
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F I NA N C IA L RO U N DTA B LE Tony Guernsey
object basis. I love to see people think about their art collections like they think about portfolios, whereby you think about your portfolio in the aggregate and you give asset values. What objects are worth today can change, and the value almost certainly will by the time your estate plan is executed. So keeping it on a portfolio basis and allocating shares is something I always prefer to do. GEORGE: When we talk about assets, whether it’s your townhouse or your piece of art, we try and encourage families to talk to their children early. We want them to have regular conversations about wealth and assets, but not to focus on falling in love with one particular asset, because oftentimes it’s the emotional attachments to assets that cause strife.
AVENUE: What do you think are the biggest challenges facing private wealth clients today? TIEDEMANN: I think what a lot of people are struggling with is rationalizing risk-adjusted returns as opposed to just returns, and maximizing the portfolio return. We’re again eight years into a highly intervened, fixed-income environment. There’s some highly unusual structural dynamics in the marketplace today. That has led to huge development in passive investing, as there are well-documented struggles within the active investing community. The case for diversification looks very weak right now, at a time where it probably holds as much future value as it ever has. GEORGE: I would say that for us the challenge is, how do you successfully transition your assets to the next generation? And there’s
research that shows that something like 70 percent of wealth transfers fail, for the most part due to lack of communication or a breakdown in family trust. For us, it’s about making sure that we’re planning and having conversations that include the next generation early, so that you efficiently transfer both wealth tax and values to family members.
“I would say that for us the challenge is, how do you successfully transition your assets to the next generation?” —Kathryn George JOHNSON: At Northern Trust, we were among the earliest proponents of goals-driven investing. Spending time with your clients on a goal-by-goal basis and their related asset sufficiency drives essential conversations that ultimately frame and determine asset allocation. Even our clients who are comfortably asset sufficient enjoy the exercise because it’s then more about planning and optionality—legacy and impact, if you will. Many of our next generation clients are also focused on the environment, and I think that that is going to be an area as a subset of SRI [socially responsible investing] that is going to continue to receive a great deal of focus, especially so in the wake of President-elect Trump’s apparent views on environmental risk.
AVENUE: What are you doing to attract female clients? GUERNSEY: The majority of employees in the wealth management market are women. Why? They are better listeners and more empathetic than men. For our clients, we do a lot of financial training for women. I think as an industry we compete too much with
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ourselves to prepare the money for the client, but take less time to invest in preparing the client for the money. We often find that in their marriages women are more competent in the use of technology. They tend to do the record keeping for the family. So we have a big effort in Finntek to try to get women more involved with the management of their family wealth. GEORGE: Women are increasingly controlling wealth. They are interested in holistic conversations about wealth that include planning, philanthropy and preparing the next generation. Last year, Brown Brothers set up the Center for Women and Wealth. We publish content and have held a series of roundtables with women around topics such as, how much money should I give my children, and when? We’re trying to give women a community where they can discuss the issues most important to them to ensure that they are engaged in the wealth management and planning process.
Kathryn George
JOHNSON: When you’re looking at expected spending and the types of charitable gifts that are going to be made and when, or how much should we give to the children—those are inherently the kind of conversations that couples need to have together. Doing so also improves financial fluency for each member of the couple. At Northern Trust, the goalsdriven framework is not an exercise in trying to specifically improve our work with women as a subset; instead, it’s a fundamental acknowledgment that partners in every relationship need to be involved in these discussions. In our experience, the goals-driven framework assures that all parties understand what choices drive their financial outcomes.
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F I NA N C IA L RO U NDTAB LE Mike Tiedemann
AVENUE: Can you comment on holistic advice and holistic services? TIEDEMANN: All four of us are trust companies, which means that we are the repository for all of the financial information for these families. We’re the hub, and all of the other advisors—tax, legal, commercial banking, insurance, etc.—they are the spokes. When you sit in that position, you have a distinct information advantage. You understand the family dynamics and know what structures and estate planning are in place. Your ability to serve that family over time in a much greater capacity and much more effective capacity is totally different than if you’re just an asset manager. GUERNSEY: Wilmington Trust’s main function in financial services is to be the best fiduciary in the market. And that’s where we started from with our du Pont family founders. To make an analogy, a good wealth manager is a “which” doctor. You’re in the middle of the hub. The client comes to you, because he’s probably financially sick in some way. We have to determine where they’re sick, and then choose “which” doctor they need to go to solve the problem—might be the tax doctor, the mortgage doctor or the financial planning doctor. But again, there are two sides of the street. Many financial firms have no interest in provide holistic advice. When I started in private banking in 1972, everyone was holistic. And then the computer came along and divided up services into separate silos. Everybody became specialized in some product. In 2016 it seems to be coming back together, heading back toward a holistic model.
AVENUE: Can you talk about active versus passive investing, and when you’d use each?
AVENUE: Pretend you have a crystal ball— where are you putting your money now?
GEORGE: In more complex markets, we believe passive investing strategies are less effective over the long term and can carry more risk. That said, recently they have been outperforming active overall with lower fees. So there’s been this real surge of capital as well as interest. With indices at record highs, we understand the temptation to invest in passive, but we think right now is precisely when they bear the most risk, so we prefer to know what we own and why. Not only does that help us manage risk, we also believe that a long-term, value-based active approach gives you an opportunity to beat the benchmark over time.
GUERNSEY: The hardest part of our business is to be right twice—when you get in and then when you get out. Subsequently, there is never a perfect time to invest. One has to always maintain a comfortable risk balance in your portfolios. Three weeks after the election we see the market rallying toward the optimism that America might change under President-elect Trump. These values will become clearer when we move closer to reality after the inauguration. The market has made a large deal about potential rising interest rates and future losses in the bond
Henry Johnson
“We believe in a balance—that passive exposures can be important to balance active management options within a well-constructed portfolio.” —Henry Johnson JOHNSON: We believe in a balance—that passive exposures can be important to balance active management options within a wellconstructed portfolio. We have a large passive business internally, of course, but we also have a substantial active business, and client portfolios are built with investments solutions that comprise both beta exposures and then others, where underlying managers are working to achieve alpha. Competence in selecting active managers where alpha is really an enduring feature of their investment process is essential, and difficult to do. I’m not trying to say it’s impossible: the ability to consistently generate alpha is just rare. At Northern Trust we are extraordinarily disciplined about looking for it.
72 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
market. This may happen in 30-year bonds, but our clients generally request that their fixed income be invested in much shorter durations. So the question is not so much where now, but when and how much? TIEDEMANN: We have elevated cash levels today. The impact is twofold. One is, it preserves your purchasing power. And we assume that the unknowns that we’ve been discussing today will become known and that there’ll be consequences, which will ultimately create overreactions. We believe the structural liquidity of markets is as bad as it’s ever been. There are no market makers for any assets. So that cash, having somewhere between 5 and 10 percent of your portfolio, you’re starting to get paid on it, whereas you had a negative absolute in real return in the past. And then there are segments of the marketplace that have been beaten up, but energy infrastructure has recovered. That is now a space that has segments of growth. ✦
NEW YORK CITY
HAMPTONS
CONNECTICUT
NEW JERSEY
HUDSON VALLEY
VIRTUALLY STAGED
UNOBSTRUCTED VIEWS + BALCONIES! West Village, NYC Excl. | 3 BR, 3.5 BATH $13.995M | Web#15229338 Friedman Rosenthal Team 212.381.2379
THE DIETZ LANTERN BUILDING TriBeCa, NYC Excl. | 4 BR, 4 BATH $8.995M | Web#14700834 Richard Orenstein 212.381.4248
BEAUX-ARTS LIMESTONE MANSION Park Slope, Bklyn, NY Excl. | 7 BR, 7 BATH $8.789M | Web#14726374 Anna Milat-Meyer/Peter Grazioli 718.613.2095/2015
3200+SF LOFT WITH VIEWS Chelsea, NYC Excl. | 3 BR, 3 BATH $5.495M | Web#14296068 Peter Grazioli 718.613.2015
AWESOME VIEWS, LIGHT & SPACE Upper West Side, NYC Excl. | 4 BR, 3 BATH $5.195M | Web#15833686 Louise Phillips Forbes 212.381.3329
CLASSIC 7 NEAR CENTRAL PARK Upper East Side, NYC Excl. | 4 BR, 2 BATH $3.85M | Web#15662008 S. Christopher Halstead 212.381.3220
LANDMARK MANOR Montclair, NJ Excl. | 7 BR, 6 FULL, 3 HALF BATHS $3.549M | Web#14299840 Christine & Jessica Lane 201.478.6735/6734
1901 CLASSIC COLONIAL Riverdale, NY Excl. | 12 RM, 6 BR, 5.5 BATH $2.575M | Web#15677004 Sandra Y. Friedman 212.381.3206
GORGEOUS PREWAR CONDO Midtown East, NYC Excl. | 3 BR, 3 BATH $2.35M | Web#15425575 Lauren Cangiano 212.381.3397
VIRTUALLY STAGED
VIRTUALLY STAGED
A COMFORTABLE HOME Midtown East, NYC Excl. | 2 BR, 2.5 BATH $1.699M | Web#14701371 Enid Katze 212.381.3282
RENOVATED HOME WITH OFFICE Upper East Side, NYC Excl. | 2 BR, 2 BATH $1.695M | Web#15373686 Elaine Tross 212.381.3322
VIRTUALLY STAGED
NEWLY REMODELED & DESIGNED + TERRACE Midtown East, NYC Excl. | 2 BR, 2.5 BATH $1.68M | Web#15481022 Elayne Reimer 212.381.3372
Halstead Property, LLC; Halstead Property Riverdale, LLC; Halstead Property New Jersey, 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.
AM0117_AD_Halstead_r1.indd 1
16/12/16 9:44
Alex H. Chang
Alexis Kravitz
THE DOMMERICH MANSION
PIERRE PENTHOUSE
33’ WIDE MANSION OFF FIFTH AVE
DA
East 60s/Madison. 44’ wide. 21,000SF. $72M. WEB# 15500716. Paula Del Nunzio 212-906-9207
Fifth Ave/61st. 5BR. 7 BATH. $57M. WEB# 12025971 Leslie R. Coleman 212-906-9387 Mary K. Rutherfurd 212-906-9211
E. 69/Fifth-Madison. Co-Excl. 7BR. 11 BATH. $55M. WEB# 14726886. Lauren Elizabeth Bankart 212-588-5698
Mi $37 Fra
GRAND PENTHOUSE HOME ON RSB
MINT TOWNHOUSE OFF PARK AVE
MASTERFULLY DESIGNED
DE
Upper West Side. 6BR. 8.5 BATH. $19.95M. OP No. CD13-0089. WEB# 14893365. Lisa K. Lippman 212-588-5606 Gerard S. Moore 212-588-5608
E. 60s/Park-Lex. 7BR. 6.5 BATH. $19.95M. WEB# 14575707. John Burger 212-906-9274
West Chelsea. 4BR. 4.5 BATH. $19.5M. Virtually Staged. WEB# 15525665. Erin Boisson Aries 212-317-3680
Up $11 Da
PANORAMIC PARK VIEWS
A VERY FINE PENTHOUSE
PENTHOUSE PLUSH IN NEW TRIBECA
ICO
Fifth Avenue. 2BR. 2.5 BATH. $7.5M. WEB# 15738365. S. Jean Meisel 212-906-9209 Talei Butel 212-906-9304
Tribeca. 3BR. 3.5 BATH. $6.995M. WEB# 15943928. Wendy Maitland 212-452-6255 Emma Maitland 212-906-0543
Tribeca. 3BR. 3 BATH. $5.945M. WEB# 14658838. Siim M. Hanja 212-317-3670 Rudi Hanja 212-317-3675
Fla $4. Lin De Tat
TRUE ELEGANCE ON SUTTON
PERFECT MINT PREWAR SIX
TRIPLE MINT ON PARK AVENUE
3B
Sutton Place. 3BR. 3 BATH. $3.2M. WEB# 14651433. Alina Pedroso 212-906-9338
Park Avenue/70s. 3BR. 3 BATH. $2.975M. WEB# 15751924. Beverley Goodwin 212-396-5840
UES Carnegie Hill. 2BR. 2.5 BATH. $2.65M. WEB# 15649614. Anne S. Young 212-452-6204 Amanda J. Young 212-712-1130
Co $2.5 Ma
Arline Tarte
Armin B. Allen
Bette L. Cunningham
Carole G. Caine
Caroline E.Y. Guthrie
Ciro Scala
Cynthia Acevedo
Edward C. Ferris
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.
AM0117_AD_BHS_r1.indd 2
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H.
.
Elizabeth Wohl
DAZZLING PH AT ONE BEACON CT.
GRAND FIFTH AVENUE MANSION
432 PARK AVENUE
Midtown East. 3BR. 4.5 BATH. $37.5M. WEB# 15346782. Frans H. Preidel 212-906-0507
5th Avenue/80th. Co-Excl. 7BR. 9.5 BATH. $35M. WEB# 15802836. David E. Kornmeier 212-588-5642
Park Avenue. Co-Excl. 3BR. 4.5 BATH. $33.75M. Virtually Staged. WEB# 15787220. Elese Reid 212-396-5861
Gerald H. Crown
Gregory M. Roache
Jill Roosevelt
DESIGNER DUPLEX W/ RIVER VIEWS
BUILD YOUR DREAM 20’ WIDE TH
THE SECRET GARDEN IN SUTTON
Upper East Side. 5BR. 4 BATH. $11.5M. WEB# 14950814. Daniella G. Schlisser 212-906-9348
77th/RSD. 6BR. 8.5 BATH. $10.995M. WEB# 15882687. Wolf Jakubowski 212-588-5630
Midtown East. 5BR. 5.5 BATH. $8.45M. WEB# 14766222. Kathleen M. Sloane 212-906-9258
Laura E. Moss
Lavinia Giuliani-Ricci
Lisa Schuller
ICONIC FULL FLOOR LOFT
HIGH FLR 2BR AT CHATHAM CONDO
MINT 6 INTO 5 OFF 5TH AVENUE
Flatiron. 3BR. 2.5 BATH. $4.75M. WEB# 15697422. Linda Stillwell 212-452-6233 Dennis G. Stillwell 212-452-6234 Tate Kelly 212-452-6235
East 65th. 2BR. 2.5 BATH. $3.95M. WEB# 15596961. Wendy J. Sarasohn 212-906-9366 Jamie S. Joseph 212-906-9369 Tania K. Isacoff 212-906-9376
East 69th. 2BR. 2.5 BATH. $3.895M. WEB# 15733147. Sol Howard 212-906-9213 Burt F. Savitsky 212-906-9337
Naomi J. Davis
Sally Hallows
3BR CONDO, VIEW & TERRACES
MINT DESIGNER 2 BEDROOM
2-3BR RENTAL W/ 950SF TERRACE
Columbus Circle. 3BR. 2.5 BATH. $2.595M. WEB# 15733825. Maarten Vandersman 212-588-5689
Lincoln Center. 2BR. 2 BATH. $1.695M. WEB# 15909579. Leslie O’Shea 212-906-0563
Upper East Side. 3BR. 2.5 BATH. $24.95K/month. WEB# 15863318. Matthew D. Hughes 212-906-9351
Shirley A. Mueller
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.
AM0117_AD_BHS_r1.indd 3
21/12/16 14:51
ASK HALL F. WILLKIE
A moment with one of the city’s top real estate experts . . . PROFESSIONALISM Your broker’s responsibility is to help you achieve your goals, whether it’s selling or buying a home: Their goal is to be successful in helping you achieve your goal. The best brokers’ most impressive qualities are knowledge, honesty, integrity and service orientation. Your broker should know their product, and know the market. Professionalism is key. The best brokers know how to listen, present facts, and connect the dots. They relate advantages and disadvantages in a credible and subjective way, and with great and very successful negotiating experience. They focus on what’s important to you If a broker has developed a reputation as a specialist in a certain area, seek them out. Many very successful agents specialize in certain product such as high-end townhouses or condominiums, or cooperatives, or neighborhoods. To be trusted over the long term, your broker and their firm must do the right thing for you, and do their best at all times as a professional individual, and as a firm, and provide the best service. ✦
Hall F. Willkie, President, Brown Harris Stevens Residential Sales, 212.906.9203 or hwillkie@bhsusa.com
FRANCIS HILLS
The most impressive qualities of a broker are knowledge, honesty, integrity and service orientation.
76 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
being there is why. When faced with challenges recovering after heart disease or stroke it’s important to have emotional support. That is why we created a network to connect patients and loved ones with others during their journey.
heart.org/supportnetwork
JOIN US and support our lifesaving work at:
THE 21ST ANNUAL HAMPTONS HEART BALL June 10, 2017 Southampton Arts Center - Southampton, NY
For more information: Barbara.Poliwoda@heart.org / (631) 734-2804
©2014, American Heart Association 10/14DS8866
©2014, American Heart Association 10/14DS8866
AM0117_AD_Heart Ball_r1.indd 1
20/12/16 10:12
Mi Casa, Es Su Casa Casa De Campo Offers Unparalleled Luxury and the Comforts of Home
W
ith the term “polar vortex” back in New Yorkers’ vocabulary, there is no better time to turn dreams of heading to the Caribbean into a reality. The Dominican Republic is just a four-hour flight from New York City. But the luxurious Casa de Campo Resort & Villas, on the island’s southeastern shore, is a world away. Casa de Campo offers world-class amenities for both buyers and vacationers, with 183 guest rooms and suites, as well as 50 villas that provide guests with a true home-away-from-home experience, and lots for your ideal Caribbean residence. Picture a private and pristine hideaway. White sand beaches. Three championship golf courses designed by Pete Dye. A full-service marina and private yacht club. Family-friendly experiences. Tennis. Water Sports. An extensive equestrian center. And a world-class spa. For more than 40 years, this discreet enclave has been a favored escape for the world’s financial moguls, politicos and Hollywood elite, attracting such A-list names as Jay-Z and Beyoncé, the Kardashians, Rihanna, Richard Branson, Michael Jordan, Drake, Alicia Keys, Bill Clinton and George W. Bush.
78 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
Casa de Campo offers the ultimate in luxury experiences, with 7 resort restaurants and 14 additional dining options. On-site shopping will satisfy even the most discerning eye. Located 300 feet above the meandering Chavón River, the picturesque Altos de Chavón is an artists’ community, with studios, workshops, galleries, restaurants, clubs and boutiques. If simply relaxing in the warm sea breezes isn’t enough, Casa de Campo also has a full roster of activities planned throughout the year. World-famous performer Enrique Iglesias and Gente de Zona capped off 2016 with a December 30 concert. Upcoming events include the 43rd annual Casa de Campo International Pro Am in January, located at the Teeth of the Dog golf course. Casa de Campo was created in 1975, when Gulf + Western carved out 7,000 acres of prime, lush sugarcane fields, including 5.3 miles of direct ocean frontage, to form Casa de Campo. The resort is constantly improving, and it now spans 7,000 tropical acres. Best of all, the resort is a quick five-minute ride from La Romana International Airport, which offers direct flights from New York City via JetBlue Airways. Casa de Campo, P.O. Box 140, La Romana, Dominican Republic; 1.800.877.3643, casadecampo.com.do ✦
Casa de Campo offers world-class amenities for both buyers and vacationers.
JANUARY 2017 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 79
PAL M B E ACH E STAT E S
Magnificent ocean-to-lake Mediterranean estate Price Upon Request | Web: 0076855 | magnificientmediterranean.com
Elegant New Direct Oceanfront Estate Price Upon Request | Web: 0076849 | indianroadoceanfrontestate.com
Luxurious Island Oceanfront $32,000,0000 | Web: 0076920 | artfuloceanfront.com
Oceanfront Mizner - Villa Tranquilla $42,900,000 | Web: 0076748 | oceanfrontmizner.com
Certified “Green” Direct Ocean-to-Lake Estate $26,500,0000 | Web: 0076859 | acqua-liana.com
Significant Contemporary Estate $10,600,000 | Web: 0076613
C R I S T I N A C O N D O N | 561.301.2211 CRISTINA.CONDON@SOTHEBYSHOMES.COM CRISTINACONDON.COM
PALM BEACH BROKERAGE 340 Royal Poinciana Way, Palm Beach, FL 33480 sothebyshomes.com/palmbeach
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.
AM0117_AD_Sotheby Condon_r1.indd 1
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THE ART OF LI VI NG S OTHEBYSHOMES.COM/NYC
930 FIFTH AVENUE
425 WEST 50TH STREET, APT 11F
THE GALLERIA
4 rm, 2 br, 2 ba | Web: 00110800 | $6,950,000 Robin Rothman, 212.606.7751
4 rm, 2 br, 2.5 ba | Web: 00111141 | $3,995,000 Chris Poore, 212.606.7676 Eyal Dagan, 212.606.7712
4 rm, 2 br, 2 ba | Web: 00110984 | $2,250,000 Olga Neulist, 212.606.7707
201 WEST 70TH STREET, APT 38B
THIRD + BOND
MIDTOWN PIED A TERRE
4 rm, 2 br, 2 ba | Web: 00111078 | $2,250,000 Helene Warrick, 212.606.7701
6 rm, 3 br, 3 ba | Web: 00111197 | $2,250,000 Craig George, 212.400.8754 Kevin B. Brown, 212.606.7748
4 rm, 1 br, 1.5 ba | Web: 00110953 | $2,150,000 Martine D. Capdevielle, 212.400.8702
BEST ONE BEDROOM CONDO
PRIME CONDO WITH VIEWS AND LIGHT
120 RIVERSIDE BOULEVARD
3 rm, 1 br, 1 ba | Web: 00111227 | $2,050,000 Patricia A. Wheatley, 212.606.7613
5 br, 1 br, 1 ba | Web: 00110729 | $1,699,000 Lorenzo Avati, 212.606.7643 Michael Lahm, 212.606.7617
3 rm, 1 br, 1 ba | Web: 00110837 | $1,295,000 Tom Cauthorn, 917.696.1558
E AST SI DE MAN H ATTAN BRO KERAG E
3 8 E a st 6 1 st S tre et | New Yo rk, NY 10 0 65 | 2 1 2.606.7660 s o th e bys h o m e s ny
s o th e bys h o m e s nyc
sothebyshomesny
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.
AM0117_AD_Sotheby Listing_r1.indd 1
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PA LM B E AC H
Gracious Bermuda in the Estate Section Outstanding buying opportunity in prized location. Proper Palm Beach Bermuda with three large bedrooms(possible master downstairs), spacious patio for poolside entertaining. Manageably sized property set amongst grand estates. Exclusive $3,995,000 | 11oviavizcaya.com
Everglades Club Golf Course Perfectly restored residence with wonderful casual and formal rooms. Estate size property located on very exclusive and private Golfview road. Stylish 39’ x 15’ swimming pool. Romantic balconies and bay windows with glorious pastoral golf course views. Society architect Maurice Fatio landmark. Absolutely stunning jewel. Exclusive $6,900,000 | 19golfviewroad.com
Meticulous Mediterranean Newer construction near The Beach Club and PBCC. Master suite and guest BR downstairs, impact windows, generator, Mint condition. Exclusive $4,850,000 | 241fairviewroad.com
Palm Beach Grande Dame This well-proportioned residence was designed by Society Architect John Volk in 1945. The stately home presides over Lake Way and Eden Road and Features 6 bedrooms plus staff, 6 baths and 2 half baths. Beach and Lake trail access. Exclusive $5,900,000 | 991northlakeway.com
JEFF CLONINGER 561.329.8749 jeff@jeffcloninger.com
WALLY TURNER 561.301.2060
wally.turner@sothebyshomes.com
PALM BEACH BROKERAGE | 340 Royal Poinciana Way, Palm Beach, FL 33480 | sothebyshomes.com/palmbeach 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.
AM0117_AD_Sotheby Turner_r1.indd 1
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SERE NA BOARDMAN REPRESENTING NEW YORK’S MOST DISTINCTIVE AND SOUGHT AFTER PROPERTIES
16 East 69th Street, Townhouse
20 East 78th Street, Townhouse
998 Fifth Avenue, Apartment 6W
171 West 57th Street, Penthouse $18,500,000 | www.171W57THPH.com
$13,500,000 | www.CARLYLE19.com
950 Fifth Avenue, Full Floor
730 Park Avenue, apartment 7C
857 Fifth Avenue, 4th floor
565 Park Avenue, apartment 6W
14 East 75th Street, apartment 4E
$55,000,000 | www.16E69TH.com
$29,000,000 | www.998FIFTH6W.com
$11,750,000 | www.950FIFTHAVENUE.com
One Beacon Court, apartment 35F
$6,450,000 | www.151E58TH35F.com
$34,500,000 | www.20E78TH.com
$11,000,000 | www.730PARK7C.com
$5,250,000 | www.565PARK6W.com
740 Park Avenue, apartment 6/7A
$29,500,000 | www.740PARK67A.com
The Carlyle Hotel
$6,950,000 | www.857FIFTH.com
$4,500,000 | www.14E75TH4E.com
se r e na boa rd m a n
S e n i o r G l o b a l Re a l E state Advi s o r, Associate Broke r 2 1 2.6 0 6.76 1 1 | s e re n a .b o a rdm a n @ s o thebyshomes.com
e ast si de man h attan bro kerag e
3 8 E a st 6 1 st S tre et | New Yo rk, NY 10 0 65 | 2 1 2.606.7660
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.
AM0117_AD_Boardman_r1.indd 1
20/12/16 10:20
Properties of the Month Luxury Listings Curated For You
Douglas Elliman BIRD’S EYE VIEW Breathtaking views in every direction from this full-floor tower residence at the Sherry Netherland. This special apartment is nearing the end of a museumquality complete full-gut renovation. Approximately 2500 sq. ft., this apartment boasts a corner master bedroom suite with a bird’s-eye view over the Plaza Hotel and two full baths + a dressing room. This world-class residence offers shareholders twice “room service” from none other than Cipriani’s, which is located in the building. $14,750,000. Web #2363021. Contact RIchard Steinberg @ 212.350.8059 or Matthew Slosar @ 212.350.8058.
Sotheby’s International Realty ISLAND LIFE Ideally located on the north end of Palm Beach, this Peter Marino-designed estate offers all of the luxuries of island living. Situated directly on the Atlantic Ocean, the property has 3.4+ acres, expansive green space, a gated front entry, service entrance, a heated pool and guest house in addition to the approximately 10,000-square-foot main residence. $32,000,000. Web # 0076920. Contact Cristina Condon @ 561.301.221
Brown Harris Stevens ESTATE ON THE BAY
This exquisite five-bedroom, six-bathroom gated waterfront estate on 1± acre in Bridgehampton offers expansive views over Mecox Bay, Swan Creek and the ocean. Other features include waterside heated gunite pool, elegant gardens, terraces, covered verandas capturing dramatic views. Custom details include Venetian plaster walls and ceilings, custom Murano glass chandeliers and fixtures, terracotta roof tiles, Botticino marble, and intricate ironwork. $11,900,000. WEB# 370713. Contact Andrea Ackerman @ 631.537.4340
Douglas Elliman WIDE-OPEN SPACES Newly renovated in 2016, this property located in Amagansett South includes a gourmet kitchen, 7 bedrooms, 7.5 baths and finished basement. The main level features a refined den, formal dining room and open living room with a doubleheight ceiling. Details throughout the home include the cherrywood floors and cabinets, paneled walls, coffered ceiling and molding. Spectacular outdoor living areas have bluestone patios and a pool house with summer kitchen and full bath. There is also a 50 foot gunite pool. A heated 3-car garage completes this special property. $9,850,000. Web # H54172. Contact Lori Macgarva @ 631.329.9400.
84 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
CoraLIna
Lyford Cay, bahamaS
CoraLIna. designed in the timeless british Colonial style that has come to define Lyford Cay. This newly-built five bedroom, five and a half bathroom home occupies a coveted location in the prestigious community of Lyford Cay. Upon entering, visitors are greeted with expansive views of the golf course from the dramatic great room which features an 18-foot vaulted ceiling. Coralina has been elegantly furnished by acclaimed designer Amanda Lindroth in a style reminiscent of the refined coastal homes of Palm Beach; each room showcasing a unique color palette inspired by classic hues of the Caribbean. The property has an abundance of outdoor entertaining space, a swimming pool and a 2-car garage. Offered for sale at US$4,950,000.
Ly f o r d C ay S o t h e b y ’ S I n t e r nat Io na L r e a Lt y
+1.242.376.1841
Coralina.indd 1
nick.damianos@Sothebysrealty.com
WEB: KL7Q8J
na S S au, ba ha m a S
SIrbahamas.com
12/20/16 4:31 PM
PA LM BE A C H ROUN DTA B LE
A Hot, Evolving Town A panel of experts reveals a “new” Palm Beach that cherishes its past and embraces a silent transformation moderated by Paola
AVENUE: Looking back at 2016, what surprised you the most about the Palm Beach real estate market? JEFF CLONINGER: It was reassuring to see how quickly Palm Beach recovered from the previously depressed nationwide market. Palm Beach is always the last to be affected by a recession and the first to recover. JOYCE MCLEARY: My biggest surprise was the $95 million teardown at 515 N. County Road, which still holds the record as the highest single-family home sale in Palm Beach to date. Russian billionaire Dmitry Rybolovlev bought it in 2008, and it is now being subdivided into three oceanfront lots. DANA KOCH: I would say, normally Palm Beach is actually really busy during the first quarter of every season—January, February, March, but not this year. Obviously, there were
Iuspa-Abbott
■
portraits by Michael
Wall Street jitters and world economy fears; but then, April through May turned out to be a lot busier than we were during the first quarter of 2016. It turned into a really healthy end of the season. CLONINGER: I’ve never had a better late summer than I had this year. I came back from Maine the first of August thinking that it was going to be slow for the next couple of months, and I had five properties under contract in the first two weeks of coming back. The buyer pattern is changing. Many buyers today consider Palm Beach their primary residence and the town is becoming much more year-round than it used to be. ASHLEY MCINTOSH: I was pleased to see the interest that Palm Beachers and residents from Manalapan had on the Bristol Project. Buyers are excited by something fresh and new, with the amenities that the building
86 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
Price
offers. To see residents leave the island to buy in West Palm Beach is interesting to me. LINDA OLSSON: Palm Beachers are actually crossing the bridge to West Palm Beach, which was totally unheard-of in the past. Long-time residents are selling their homes, taking advantage of high sales prices and low inventory and relocating to exclusive condos, i.e., One Watermark, or Trump Plaza to enjoy the full-service buildings, fabulous views and the easy lifestyle associated with condo living.
AVENUE: How’s the volume and speed of sales? THOR M. BROWN: During an election year, we always have a stall, and then once the election is over, things get back to normal.
MCINTOSH: It has flattened out, but I am expecting an upswing post election followed by a strong sales season.
KOCH: Yes, we’re seeing a flattening-out in the market, but there are certain market pockets that are doing extremely well.
OLSSON: Since the election, we have sold five luxury properties. Palm Beach will always come out on top because it is beautiful and safe, and a tax haven for high-net-worth buyers looking to preserve their wealth. Florida has no state inheritance tax, and is a safe haven from high-tax states such as New York, Connecticut and California.
OLSSON: Luxury properties in excellent locations with high-end renovations are selling at record-breaking prices. I listed and sold a stunning Worth Avenue unit at the Villas selling at more than $2,000 per square foot.
AVENUE: How are sale prices behaving? MCINTOSH: They’re a bit flat right now. CLONINGER: Flat for Palm Beach means single-digit appreciation. Palm Beach typically knows two directions, up and stable.
MCLEARY: They have slowed down, which is typical during an election year, but price rationale goes out the windown for unique homes. A home from the 1920s with 2,100 square feet on the ocean block of Seaspray, which was not on the market, sold for a record-breaking $4.5 million due to its charm and street appeal.
AVENUE: What is causing prices to flatten?
KOCH: Palm Beach is a discretionary market. So the reality is, people don’t have to have it. What I’ve noticed for the most part is the lack of urgency in the market. When you look at the sales volume, it’s going to be down a little bit this year, but it is not going to be a tremendous amount. I think last year, 2015, there were just under 100 single-family home sales. This year we’ve already had almost 90, and there’s a handful pending. In addition, there will be a flurry of activity over the next 60 days, so we’re really talking about a minor drop in volume. BROWN: Volume may be down a bit, but the median price is going to continue to rise. And I see the market really as being stable because it’s not a buyer’s market and it’s not a seller’s market: It’s a realistic market. Also, our gold standard in Palm Beach is always land. You’ve got the value of the land, and everything
Participants THOR M. BROWN, Senior Broker Associate, The Fite Group
JEFF CLONINGER, Senior Broker Associate, Sotheby’s International Realty
DANA KOCH, Senior Realtor Associate, The Corcoran Group
ASHLEY MCINTOSH, Broker Associate and Director of Luxury Sales, Douglas Elliman Real Estate
JOYCE MCLEARY, Senior Realtor Associate, Brown Harris Stevens
LINDA OLSSON, Broker/Owner, Linda R. Olsson, Inc., Realtor
JANUARY 2017 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 87
PA L M BE A C H ROUN DTAB LE Joyce McLeary
people who wait just end up paying more in the future. So I don’t think there’s ever a time when you can you can wisely advise a buyer to delay a decision to purchase. MCINTOSH: And for sellers, it is most important how they price their homes. OLSSON: The time to buy is now as prices in Palm Beach continue to climb. The prices may fall for a period of time with a stock market correction, but then they climb and reach new
builds from that. Land under $200 a square foot from this point forward is going to be a thing of the past.
AVENUE: How is the rising cost of land impacting the spec home market?
BROWN: It is low. Extremely low. MCLEARY: There are currently just over 150 homes on the market for sale. The majority are older homes that need updating. New construction and unique properties are usually snapped up the minute they are available. When I know my clients are looking for something like that, I tell them to jump now.
AVENUE: What advice would you give buyers and sellers based on where we are in the cycle? CLONINGER: I always tell buyers that the best time to buy is now, because historically,
AVENUE: As young families move to the island, how is Palm Beach evolving as a town?
“Luxury properties in excellent locations with high-end renovations are selling at record-breaking prices.” —Linda Olsson
CLONINGER: I don’t think we’re going to have spec houses that list under $6 million from this point forward. The rising land values have lately become evident in spec market pricing. Some spec builders a while back thought land prices had gotten too high and decided to hold off a bit on new construction. The truth now is that spec builders are accepting the new raw land values and pricing their new construction product accordingly. I’m very bullish on the Palm Beach market. If anything, we’re undervalued. When you look at similar markets around the world, Palm Beach is still pretty reasonable.
AVENUE: Is the overall inventory getting better compared with last year?
MCLEARY: If it is something my clients have been looking for, I tell them they should act now. But, most of my clients are value conscious, even though they could write a check for any home on the island. They’re savvy businesspeople, and most will not overpay or act impulsive unless they perceive the value is strong.
Linda Olsson
highs. At the same time, with low inventory of high-end luxury homes and condos and strong demand, which commands high prices, the time to sell is now.
KOCH: I have two young children who are in school at Palm Beach Day. The local schools are definitely getting much stronger. There’s more choices. Certain schools are moving towards science, technology, engineering, arts and mathematics (STEAM) education, which has more practical applications for kids. The retail mix is also improving, now that they are finishing the redevelopment of Royal Poinciana Plaza and in the future the redevelopment of the Testa’s property. You have world-class shopping on Worth Avenue already. CLONINGER: Palm Beach is attracting more and more families. We offer incredible recreational opportunities and nearly perfect year-round weather, world-class shopping, good schools and a quality of life that is unrivaled anywhere in the world. So when you look at who the buyers are, it is really every Thor M. Brown
AVENUE: How heated does it get when one quality property hits the market? KOCH: I tell my clients they need to hop on a plane to get down here fast. You fear that they’re going to miss out on it because there is a lack of quality inventory on the market. OLSSON: Buyers and sellers rely on us to advise them of new products daily. With low inventory, if the right product hits the market, buyers should make a move. In this market, time is of the essence.
88 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
EAST HAMPTON MODERN WATERFRONT ESTATE WITH PRIVATE DOCK, PRIVATE COMMUNITY BEACH AND MARINA RIGHTS $2,695,000 Clearwater Beach 3,000 s.f. modern with westerly views of Hog Creek, a 8’ x 16’ boating dock, 100’ of waterfront and access to Gardiner’s Bay. Totally renovated home has an open layout and wood floors throughout. Three large bedrooms take advantage of the views. Kitchen, living room and dining room all open to multi-level decks which overlook the great lawn. The finished lower level features a family room with fireplace, office/den, wet bar, pantry, closets, & bedroom. The outdoor living space has great views, cleared lawn to the water, gazebo, outdoor shower, and boathouse for watercraft storage. EXCLUSIVE. web# 49405
EAST HAMPTON MODERN HOME WITH WATERSIDE POOL, PRIVATE BEACH AND MARINA RIGHTS $2,649,000 In Lions Head Beach community, the 3200 s.f. home on .69 acres is clad in wood, glass and stone and offers every amenity.There are multi-level mahogany decks leading to brick that surrounds a 20 x 40 heated pool overlooking 100’ of waterfront. Renovated in 2016, features include a great room, living room, dining area and eat-in kitchen beautifully equipped. Five bedrooms, all with ensuite baths. The master bath has private deck, marble floors, glass shower, soaking tub, and radiant heated floors. Interior furnished for modern comfort and available for purchase. EXCLUSIVE. web# 49728
WILLIAM STOECKER Licensed Real Estate Salesperson
516.818.4904 (c)
BStoecker@TownAndCountryHamptons.com TownAndCountryHamptons.com
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PA LM BE A C H ROUN DTA B LE demograhic imaginable, because we truly have something to offer everyone. When I was a teenager, most everything seemed to be closed in the summer, with just a few shops open, especially on Worth Avenue. Now, most everything is open year round.
Dana Koch
AVENUE: What is one of the most attractive aspects of Palm Beach? CLONINGER: One of many is the safety aspect. Where else in the world can you walk any street any time of the day or night in complete safety?
“I have two young children who are in school at Palm Beach Day. The local schools are definitely getting much stronger. There’s more choices.” —Dana Koch MCLEARY: It is the friendliest and most welcoming town I’ve been to. CLONINGER: Another great thing about Palm Beach is you can be as active or as inactive as you like. You can attend three events each night in the winter if you want to be extremely social. Or you can sit back and enjoy your privacy.
AVENUE: What are some of your favorite listings?
Jeff Cloninger
KOCH: I have a couple of favorite listings. One is at 224 South Ocean Boulevard listed for $22.5 million. It’s in an ultraprime location in town. This property is at the corner of South Ocean Boulevard and Seaspray. The house was built in the 1920s and has six bedrooms, six baths and two half-baths, plus an oceanfront cabana and two pools on the ocean side and on the west side of South Ocean. The other property is an “in-town” apartment at the Sun and Turf. It is a penthouse with an asking price of $4.8 million. The apartment is a contemporary, turn-key three bedroom plus a den and a 1,500-square-foot wraparound terrace with ocean and city views. You get sunrises, sunsets, and top-of-the-line finishes. It’s carefree, easy living.
Ashley McIntosh
OLSSON: Two direct oceanfront in-town condos, renovated to perfection. A Sun & Surf condo with four bedrooms, five baths and a private oceanfront cabana is listed for $4.89 million. A two-bedroom, 2.5 baths at 400 South Ocean, a block from Worth Avenue, is listed at $2.79 million. CLONINGER: I have an interesting property at 110 Via Vizcaya in the estate section. It is one house off the ocean. It is a great candidate for renovation, priced at just under $4 million. It is special because there’s really not much in the estate section that’s not edging toward the double digits and higher. I’ve also got a building off Worth Avenue at 64 Via Mizner that is a trophy property. It has three stories, and you can actually have your shop downstairs, your office in the middle, and your apartment on the top. That’s priced at $11 million. This type of properties rarely comes available. MCLEARY: My favorite listing right now is a beautiful direct Intracoastal home at1197 North Lakeway. The architect is so stunningly different. The asking price is $27 million for just over 14,000 square feet. It has increadible finishes throughout: the perfect family home.
90 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
MCINTOSH: I have an extraordinary home at 124 Via Bethesda in a very secluded neighborhood near the Breakers Hotel. It was built in the late ’20s by Howard Major in a “Creole” French Classical design. The home is finished with natural quarried coral blocks originating from Cuba, both on the entire exterior and in several important living areas and on trim work inside the home. The Carrera marble used in the black, white and gray checkerboard floor are said to be nearly 400 years old. The formal living room was designed especially to accommodate walnut paneling recovered from a 17thcentury French chateau. This is a very significant home, available for the first time in 36 years, offered at $16.2 million. ✦
Paola Iuspa-Abbott is the president of Top Of Mind PR and a veteran real estate journalist.
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Two estate parcels of approximately two acres each are now available for purchase. ____________________________ You may combine the two contiguous lots to achieve 300 feet of direct oceanfront lands (4 acres). __________________ There is no greater opportunity on the eastern seaboard of the Continental United States. _________ Priced at under 40 million dollars each.
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EXTRAORDINARY ELEVATION ON THE LAKE An extremely gracious residence overlooking the lake at the top of Hi-Mount Road. ____________________________ Three levels of living space with the convenience of an elegant first floor master bedroom suite. __________________ Wonderful entertaining space both indoors and out with amazing views of the water. _________ $26,500,000 includes deepwater dock.
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P OST C A RD F RO M . . . |
by
WEN D Y SY
PURA VIDA Aerin Lauder discovers the culture of Costa Rica
Porcelain Gilded Hibiscus
AERIN LAUDER, the granddaughter of celebrated beauty doyenne Estée Lauder, became a boldface name in her own right with her global luxury lifestyle brand, Aerin. When creating beauty essentials, home décor and most recently fashion accessories, the line features new colors, textures, shapes and patterns inspired by her travels around the world. Here, she shares memories from her time in Santa Teresa, Costa Rica.
Medium Sculpted Flower Dish
Fresh Perspective
This trip was a new adventure for my son and I. We went with Carolyn Murphy and organized a fun bonfire party on the beach with Amy Astley and Gisele Bündchen.
Stay, Play and Dine
We stayed at one of the Batik Villas, where I loved to take walks on the beach nearby, and also tried surfing. If you ever find yourself in Costa Rica, order the delicious mango margaritas and avocado tacos at Koji’s. For a great spa, visit the Florblanca Resort.
It’s in the Bag
I always pack gold accessories, white shorts and pants. I can’t travel without our Aerin rose lip conditioner and gradual tan cream.
Shocking Moment
Carolyn’s daughter was driving us in an RV to the center of the city, and I made her stop and turn back around because the road was so bumpy. I thought we would crash! 94 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
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India is the top destination on my bucket list for this year. I can’t wait to plan a trip there.
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SOCI A L SA F A RI |
by
R. C O U RI H A Y
GLAMOUR WILL NEVER DIE
Aileen Mehle/ Suzy in NYC
Aileen Mehle, Jackie O, Bill Cunningham, Charles James, Angelina Jolie, Anderson Cooper and Masterworks at the Met SUZY KNICKERBOCKER R.I.P.
“Gossip and parties,” said Aileen Mehle, when I asked her what the secret of her endless joie de vivre was at a fete given by her friend Cornelia Guest, who confided, “She was like my sister, mother and grandmother all in one.” Aileen was 96 at the time and still the sassy glamour puss she was when she was the Queen of Gossip. Everything I know about being a society columnist I learned from Aileen, aka Suzy Knickerbocker. From 1999 until her last column in 2005, I studied alongside this Goddess of Gossip. “Write it like you’re telling me a story over dinner and make it sound terribly fancy and rich,” she purred; adding, “Don’t always gush— you don’t need to like everything.” Alieen once confessed, “I stick in the needle, pull it out fast and then rub the wound.” She also taught me the art of writing in “Suzyesque”, and how to finish an item with a witty flourish. Some of my favorite Suzy-isms were “I can wait if you can” and “Paris is a city of tops and bottoms. Did I just write that?” something she once asked rhetorically in her column. (Actually, I wrote that one and never thought she’d use it: she did.) From the White House (the Reagans loved her), to Buckingham Palace (Prince Charles and Camilla adored her), she knew where all the bodies were buried and who buried them. Despite the fact that she lived out her life in two extravagant ballrooms decorated by her pal Mario Buatta, she told me, “I write for the straphangers.” She also said, “Glamour will never die: it’s the fun and spice of life.” Amen. Aileen lived and loved like her friends and the people she wrote about, unlike her counterpart, the late photojournalist Bill Cunningham, who literally lived like a monk who slept on a hard cot. What they had in common was a gift to inspire. They were also both philanthropists because the benefits they covered were the better for it. When either of them walked into a room, you knew your party was on the right map. Although, as Aileen sagely taught me, “I don’t have to be there to be there.” N’est ce pas? Aileen was also generous financially and gave to American Ballet Theatre, where, along with her friend Jacqueline Kennedy Onassis, she was a chairman of their annual gala. I always wanted her to write a book, but she laughed and said, “I’m taking what I know with me.” Mrs. Mehle, who was once married to Rear Admiral Roger Mehle, died this fall at 98 in the arms of Mary, her beloved housekeeper. “Who else would tell you these things?” as Suzy always said. RIP. Honoree Naomi Judd, founder Jewel Morris and Allison Eastwood @ Pet Philanthropy Circle Awards 96 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
Xin Li and Bertold Zahoran @ Masterworks
Angelina Jolie @ Art Miami
David Monn launches his book The Art of Celebrating @ NY Public Library
Anderson Cooper, Shane Boylan and Audrey Gruss @ Hope for Depression
EXQUISITE FOWLER BEACH ESTATE
Water Mill | $29,000,000 | Perched amidst the dunes, in the exclusive Southampton enclave of Fowler Beach, this 9,000+ sf, 5-bedroom estate comprises 3.3 acres of some of the most breathtaking property in the Hamptons. The unobstructed 360-degree views of the Atlantic Ocean and Jule Pond serve as the focal point of design, as panoramic waterfront vistas envelop 2 levels of terraces, stacked circular glass-encased bedrooms, and expansive first and second level entertaining areas. With 330 ft of direct oceanfront, endless indoor/outdoor entertaining areas and a private boardwalk over the dunes, this estate makes no concessions when it comes to luxury. The double-height foyer leads upstairs to entertaining areas that take advantage of the grand panoramic views. The open floor plan includes an oversized chef's kitchen with breakfast nook, covered porch, dining room, living room with fireplace, plus 2 more strategically located en suites; one of which is an opulent master with an oversized sitting room with fireplace. The entire second floor is wrapped in terraces and offers amazing views of both ocean and pond. The first floor includes a den with fireplace, 3 en suite bedrooms, and a lounge with bar. The covered terrace is complete with an outdoor media room with fireplace and an amazing outdoor kitchen. On the opposite end of the heated pool and spa, a pool house includes a living room, bath and kitchenette. Elliman.com/H55229
ERICA GROSSMAN
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O: 631.204.2723 C: 917.710.2512 erica.grossman@elliman.com
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Lic. R.E. Salesperson
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2488 MAIN ST, P.O. BOX 1251, BRIDGEHAMPTON, NY 11932. 631.537.5900 | © 2017 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.
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SOCI AL SA F A RI
Vera Wang and Lisa Jackson @ LJ Cross
Valesca Guerrand Hermes and Kimberly Guilfoyle @ NY Society for the Prevention of Cruelty of Children
Sharon Bush, Scott Diament and Lauren Bush Lauren @ New York Art, Antique & Jewelry Jean Shafiroff and Cece Black Show @ French Heritage Society
Collectors Jorge and Darlene Perez, Pamela Cohen and Nick Korniloff at his fair Art Miami
Anna Wintour and Andrew Bolton @ Masterworks
ANGELINA WITH BLOOD
Angelina Jolie has blood on her face, but Brad didn’t do it! A rare print of Angelina with Blood, which features the star with plasma dripping from her mouth, was the talk of Art Miami. Nick Korniloff, the fair’s founder, said, “Angelina posed for Martin Schoeller’s remarkable ‘Close Up’ series in 2003.” The photographer himself said, “I always felt that the face was the most essential part about a person.” Maybe Brad is cleansing his collection of all marital mementos. amstelgallery.com
MASTERWORKS: UNPACKING FASHION AT THE MET
The Metropolitan Museum of Art Costume Institute’s May Ball and exhibition, “Rei Kawakubo and the Art of the In-Between,” will be its next blockbuster, but in the interim, Andrew Bolton, the new curator in charge, and assistant curator, Jessica Regan, have mounted a stunning exhibition dubbed “Masterworks: Unpacking Fashion at the Met.” This staggeringly sensual show features 60 iconic pieces by 37 designers who have advanced fashion as an art form. This list is topped by the incomparable Charles James and also includes Dior, Chanel, Versace, Balenciaga, Vionnet, Saint Laurent, Alaïa, Worth, McQueen, Galliano, Lagerfeld, and my ex-fiancée, punk forerunner Zandra Rhodes. Anna Wintour led the fashionable parade of Deeda Blair, Harold Koda, Laurie Tisch, Jennifer Creel, June Ambrose, Alessandra Facchinetti, Wendi Murdoch, James Reginato, Eric Boman, Eric Schlesinger and others of that ilk and stripe to the chic opening in her eponymously named Costume Center and the ritzy after party at the Temple of Dendur. The show ends on February 5. metmuseum.org
ANDERSON COOPER
Audrey Gruss, the founder of the Hope for Depression Research Foundation (HDRF), presented Anderson Cooper with the Advocacy 98 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
AD 100 Designers Randy Kemper and Tony Ingrao and Architectural DIgest Editor Amy Astley @ Art Basel
Award for shining a spotlight on depression and suicide through the life of his brother, Carter Cooper, who committed suicide at 23. Anderson mused about young people he’s met saying, “I’m always suspicious of a young kid who tells me they want to be a politician. I think you should be a real person before you become a fake one.” Leading the applause were the event co-chairs Margo Langenberg, Jay McInerney, Susan Gutfreund, Peter Gregory, Eleanora Kennedy, Arthur Dunnam, Bonnie Pfeifer Evans, Caroline Dean, Tania Higgins and Farah Moinian. Chuck Scarborough was the master of ceremonies of this thought-provoking luncheon and seminar. hopefordepression.org. Also in the mix were Martin Gruss, Jamee Gregory, Mai Harrison, Yaz Hernandez, Sharon Loeb, Carol Mack, Tom Quick, Scott Snyder, Patty Raynes, Nancy Silverman and Robert Zimmerman, as well as Cheri Kaufman and Princess Katherine of Serbia, who both received kudos for their Lifeline NY benefit to raise funds for medical supplies in the princess’ country. lifelineny.org.
SHARON BUSH & LAUREN BUSH LAUREN
Sharon Bush hosted the opening of the New York Art, Antique & Jewelry Show that toasted her daughter Lauren Bush Lauren and her FEED Foundation. The fair’s CEO Scott Diament gave a check to Lauren to provide 90,000 meals to hungry children. Among the collectibles shown were Jacqueline Kennedy’s diamond and sapphire brooch and Nancy Reagan’s lion’s head necklace. Dealers included M.S. Rau, Sabbadini, Pat Saling and Jeff Bridgman, who showed antique flags. Among the attendees were designers Lisa Jackson and Geoffrey Bradfield, Ralph Destino Sr. and Ralph Destino Jr. (aka the Cartier Kid), Liliana Cavendish, attorney Brad Gerstman, Cindy Guyer and luxury vintage clothing dealers Bridgette Morphew and Jason Lyon. nyfallshow.com. ✦
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WOR L D A C C O RD I N G TO . . .
AMANDA BOALT COLEMAN AVENUE’s back-page column asks New York notables our version of the questionnaire made famous by Marcel Proust
I
t’s impossible to picture the bright colors and festive flavors of Palm Beach without thinking of groundbreaking fashionista Lilly Pultizer. Clearly, her affinity for playful prints has rubbed off on granddaughter Amanda Boalt Coleman, who is the owner and designer of Strong Boalt, a luxury men’s swimwear line. Coleman grew up in Palm Beach, worked as a buyer for Ralph Lauren and is influenced by both her surroundings and Lauren’s classic aesthetic. She launched Strong Boalt in 2009. Here, Coleman takes us through a day in her Palm Beach life.
WHAT DID YOU HAVE FOR BREAKFAST THIS MORNING? Duck confit hash and eggs from Café Boulud. I’m enjoying the last couple of weeks of my pregnancy. DESCRIBE A PERFECT DAY IN WEST PALM BEACH. Today! The sun is shining, the ocean is sparkling with glassy swells and there are about 20 surfers in front of our house. It’s gorgeous! WHAT’S THE COOLEST THING IN YOUR HOME? A photo of my grandmother Julia and [Ernest] Hemingway at a black-tie dinner at her house in Havana. WHAT ARE THREE THINGS YOU CANNOT LIVE WITHOUT? My boys: Alex [my husband], and [sons] Jack and Charlie [due in December]. WHAT’S THE BEST ADVICE YOU’VE EVER RECEIVED? Action creates opportunity or chance benefits the prepared mind. This helps when you think you’re just spinning your wheels but with patience and hard work things come to fruition. WHERE IN PALM BEACH HAVE YOU BEEN TO THE MOST? The lake trail has always been one of my favorite places in Palm Beach. It runs between the Intracoastal and the houses in the north end. Great for biking or walking with friends. WHO IS YOUR FAVORITE SHOPPING COMPANION? My husband gives me the best advice, and he’s also the date I’m trying to impress. WHERE IS PARADISE FOR YOU? The turquoise waters of the Exumas. WHAT ARE YOUR NEW YEAR’S RESOLUTIONS? Lose baby weight and savor every moment of son number 2. WHO IS THE MOST INTERESTING PALM BEACH RESIDENT YOU KNOW? We have a lot of interesting residents, but President-elect Trump will certainly be the most interesting for the next few years. CAN YOU DESCRIBE YOUR GRANDMOTHER LILLY PULITZER IN FIVE WORDS? Welcoming, lovable, fun, colorful, missed. WHAT IS YOUR FAVORITE COLOR? Blue. All shades of blue. The colors of the ocean. WHAT OR WHO INSPIRES YOU? Seeing the world through my babies’ eyes. It changes the concept of time and love forever. ✦
100 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY 2017
Real estate agents affiliated with The Corcoran Group are independent contractor sales associates and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker. 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. 51 Main Street, East Hampton NY 11937 | 631.324.3900
Stunning Estate On Mecox Bay Water Mill. Cross an exquisite yacht with an extraordinary estate and you might find yourself with this most incredible of properties with long views down Calf ’s Creek, across Mecox Bay to the ocean beyond. Poised on a grassy acre, along 220+/- ft. of bulkheaded waterfront, a magnificent 7,000 SF+/-, 7+ bedroom bayside home of recent vintage, since completely rebuilt by renown Lettieri Construction, is awaiting its next, fortunate owner. A double-height foyer leads to multiple living areas under beautiful coffered ceilings which include a great room with fireplace, dining area, adjacent den/media room and a custom gourmet kitchen with breakfast area warmed by its own fireplace. Ground floor guest suites flank the north and south ends of the house including one opening to the pool area. Series of French doors allow access from most rooms to the grounds outside. Upstairs, begin and end your days in the inspired master wing offering its own sitting area, separate his and hers walk in closets and a private balcony that connects to a luxurious spa like bathroom that includes multi jet steam shower, water closet with bidet and jacuzzi. Four additional guest bedrooms with baths ensuite, including two with private balconies, complete the second floor. Outside opportunities are magical. Covered and uncovered porches allow ample room to kick back and relax as you look out across a sea of verdant lawn to the heated Gunite pool with spa serviced by a waterside pool house enhanced by cabana kitchen, full bath and separate napping room. The dock accommodates multiple watercraft from which you can motor, sail or paddle across Mecox Bay to the pristine beaches of Bridgehampton and Water Mill. Beautiful views, resort like accommodations and countless amenities define this ultimate waterfront property available for your preview today. Co-Exclusive. $14.495M WEB# 48721
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Southampton to Montauk...Sagaponack to Shelter Island The Hamptons for Buyers, Sellers, Renters & Investors
GARY R. DePERSIA Licensed Associate Real Estate Broker
m: 516.380.0538 | gdp@corcoran.com
16/12/16 9:51
AM0117_AD_Me Miami_r1.indd 1
20/12/16 10:07