AVENUE September 2016

AVENUE THE FASHION ISSUE

SEPTEMBER 2016

Colombia’s Stylish Exports GIOVANNA CAMPAGNA AND CLOCLO ECHAVARRIA

SEXIEST

NEW YORKERS

AMY FINE COLLINS AND FALL FASHION

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LE TTE R F RO M T H E EDITOR

SAM YOCUM

DEAR READERS,

“I never fail to be excited when the September fashion issues hit the stands.”

ver since seeing Romancing the Stone at age 8, I’ve wanted to go to Colombia. I still do.

And somehow, despite having very close friends who are Colombian, I haven’t been. The Colombians I know are charming, engaging and fiercely proud of their country. They are the best storytellers and can keep you laughing for hours. My desire to visit has been reinvigorated after spending time in the company of stylish Colombian cousins Giovanna Campagna and Cloclo Echavarria. Their company, CREO Consulting, seems to have been born at just the right time. More and more people are keen to make a statement with their clothes, and the unique look of CREO’s designers is very appealing. It doesn’t hurt that from an investment standpoint, Colombia and Latin America are very exciting places to be right now and it was very clever of these women to spot the opportunity.

I never fail to be excited when the September fashion issues hit the stands. I buy them all, get tucked up in bed and spend time imagining myself in those extraordinary clothes. I love the fantasy of it all. This September, we were lucky enough have the fashion story crafted by Vanity Fair’s Amy Fine Collins. Shot at Studio 153, a new performance space and photography studio in Red Hook, Brooklyn, the models are dancers from the Fadi J. Khoury dance company who used Amy as their muse. The results are a visual feast— Amy Fine Collins, muse of Fadi J. Khoury check them out for yourself.

Dance, wearing a “Alien Skin” catsuit by Asher Levine. Available at asherlevine.com.

Enjoy the issue.

Daisy Prince

Editor 4 | AVENUE MAGAZINE • SEPTEMBER 2016

Photographed by M. Sharkey. Styled by Freddie Leiba. Hair and makeup by Maysoon Faraj. Fashion assistance by Oleksandra Troshchynska.

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LE TTE R F RO M T H E PR ESIDEN T

VITAL AGIBALOW FOR HENSEL

DEAR FRIENDS,

We are covering all the new trends for fall and celebrating our gorgeous cover girls, Cloclo Echavarria and Giovanna Campagna.

WELCOME BACK TO THE AVENUE. We had a wonderful summer in the Hamptons, with three amazing issues and fabulous parties to celebrate our subjects and partnerships. We enjoyed our time on the beach, and loved being able to give back at all the summer benefits.

But as the weather begins to change, summer must come to an end, and we are back in the city with our September fashion issue. We are covering all the new trends for fall and celebrating our gorgeous cover girls, Cloclo Echavarria and Giovanna Campagna.

We are also busy gearing up for an exciting and busy fall. October is our power issue, containing our most anticipated annual A-List.

For our November issue, we will profile various iconic New Yorkers, highlighting their greatest achievements and recognize the impact they made on our city. We will also be featuring a special collaboration with the Madison Avenue BID in honor of their 20th anniversary, and to salute the Icons of Madison Avenue. In addition, we will be rounding up the best places to book your next getaway and will hold our first AVENUE luxury travel summit—the ultra-affluent customers, their spending habits as well as the best ways to market to them.

From December through March, we publish as AVENUE in New York and as AVENUE on the Beach in Miami and Palm Beach, following our readers where they winter, beginning with art markets coverage.

The issues to come will be chock-full of must-read features, glamorous parties, gorgeous fashion, art and real estate. We look forward sharing it all with you!

Kind Regards, Randi Schatz

President

THERE ARE EXCEPTIONS TO EVERY RULE.

MILLENARY IN PINK GOLD

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SEPTEMBER 2016

VOL. 40 NO. 9 58

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ON POINTE

Fall fashion—a celebrated pas de deux of color and design

produced by amy fine collins photographed by m. sharkey styled by freddie leiba

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SOCIAL NETWORK

Already captured an outfit on social media?

There’s an app for that...

by kelly laffey

COLUMNS 30

CHRONICLES

Entertaining events wrapped up summer in the Hamptons

by debbie bancroft

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OBJECTS OF DESIRE

by wendy sy

Pattern Play: This fall, it’s all about plaid and gingham prints

on the cover (from left to right) Giovanna Campagna and Cloclo Echavarria photographed

by Billal Taright. Styled by Maria Cecilia B. Campos. Fashion production by Estefania Hageman. Hair and makeup by Rosita Di and Delphine Bonnet.

Giovanna wears a kimono twist dress in stretch cady by Rosetta Getty.

Available at Saks Fifth Avenue. Multicolor Mirian earrings by Ana Khouri.

Available at Barneys New York. Cloclo wears a poudre knit top by Valentino.

Available at Valentino boutiques and valentino.com. Harley pants by Piamita. Available at modaoperandi.com. Multicolor Mirian bracelet by Ana Khouri. Available at Barneys New York.

FEATURES 46

LONG LIVE LATIN AMERICA

Colombian cousins Giovanna Campagna and Cloclo Echavarria are bringing New Yorkers the best of Latin American fashion and design

by daisy prince photographed by billal taright

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25 SEXIEST NEW YORKERS See who made our annual list!

this page (on top, from left to right) Giovanna wears a Tilly Dress in Cocoa

by Isolda. Available at shopbop.com. Cloclo wears a T-shirt by J. Crew. Claudia skirt in Coral Abrico by Isolda. Available at Bergdorf Goodman. Flora Mora Earrings by Mercedes Salazar. Available at Bergdorf Goodman. (on right) Story produced by Amy Fine Collins.

Photographed by M. Sharkey. Styled by Freddie Leiba. Hair and makeup by Maysoon Faraj. Fashion Assistance by Oleksandra Troshchynska. Mara Driscoll in a dress by Martha Medeiros.

Available at marthamedeiros.com. Felipe Escalante in Paul Smith.

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AVENUE

SEPTEMBER 2016

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VOL. 40 NO. 9

TRENDSCAPE

Accessorizing for Autumn

by kelly laffey

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EDIFICE COMPLEX

How Commodore Vanderbilt transformed Manhattan’s west side

by john freeman gill

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POSTCARD FROM . . .

Island Dreams: Fashion designer Bonnie Young shares her adventures from the Exumas, Bahamas

introduction by wendy sy

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SOCIAL SAFARI

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WORLD ACCORDING TO . . .

Bright, Precious Days: Hanging out with Gloria Vanderbilt, Anderson Cooper and Jay McInerney by r. couri hay Fashion Icon and philanthropist Mary Alice Stephenson

introduction by kelly laffey

DEPARTMENTS 17

ON THE AVENUE

Saying goodbye to summer’s sweet soirees

by wendy sy

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ARTS CALENDAR

This month’s selection of art and culture

by emily abramovici

letters to the editor REFERRAL AGENT

NIKKI FIELD

Associate Broker 212.606.7669 | nikkifield.com

LISTING AGENT

SHELLY TRETTER LYNCH

Associate Broker Greenwich Brokerage

This advertisement does not suggest that the broker has a listing or has done a transaction in this property or properties. Sotheby’s International Realty (SIR) advertises this property as a referring agent only, and SIR does so with the consent of the listing broker. SIR will be referring buyers to the seller or local listing broker for the property who will provide information about the property and negotiate any agreements for the purchase of this property. Any information provided by SIR about the property was provided to SIR by the seller or local listing broker and has not been verified by SIR. Buyers should consult with their legal counsel or local real estate professional concerning the property or any resultant transaction.

10 | AVENUE MAGAZINE • SEPTEMBER 2016

AVENUE welcomes “Letters to the Editor” Please address to: Editor Daisy Prince 72 Madison Avenue, 11th Floor New York, NY 10016 dprince@manhattanmedia.com

AVENUE online

For the latest on people and parties, visit www.avenuemagazine.com Like and follow us on @AVENUEinsider

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EDITOR Daisy Prince dprince@manhattanmedia.com ART DIRECTOR/MANAGING EDITOR Jessica Ju-Hyun Lee Ho jlee@manhattanmedia.com DEPUTY EDITOR Kelly Laffey klaffey@manhattanmedia.com SENIOR EDITOR Wendy Sy wsy@manhattanmedia.com REAL ESTATE EDITOR John Freeman Gill FASHION DIRECTOR AT LARGE Emily Barnes CONTRIBUTING EDITORS Christopher Lawrence ■ Maria Cecilia B. Campos Roya Sachs CONTRIBUTING WRITERS Debbie Bancroft ■ R. Couri Hay Emily Abramovici HAMPTONS EDITOR Helena Gautier CONTRIBUTING PHOTOGRAPHERS Billy Farrell ■ Ben Fink Shapiro Patrick McMullan ■ Georgia Nerheim ADVERTISING GRAPHIC DESIGNER Jen Ng jng@manhattanmedia.com COPY EDITOR James Walsh FACT CHECKER Pearl Ashcraft

Avenue Media, LLC 72 Madison Avenue, 11th Floor, New York, NY 10016 Subscriptions are $100 in U.S., $150 overseas Tel: 212.268.8600 Fax: 212.268.0577 E-mail: avenue@manhattanmedia.com www.avenuemagazine.com

Member of:

12 | AVENUE MAGAZINE • SEPTEMBER 2016

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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

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SABRINA SALTIEL Lic. R.E. Real Estate Broker O: 212.350.2205 C: 917.626.2866 ssaltiel@elliman.com

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CHAIRMAN Richard Burns rburns@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 ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

14 | AVENUE MAGAZINE • SEPTEMBER 2016

EXECUTIVE ASSISTANT TO THE CHAIRMAN Clara Quiroga cquiroga@isisventures.com DIRECTOR OF HUMAN RESOURCES Lauren Kaplan lkaplan@manhattanmedia.com

SOUTHAMPTON VILLAGE | $32,000,000 (offered furnished) | Web ID: 0057048 Sited in Southampton’s private ocean-access Murray Compound on almost two acres, this brand new Hamptons traditional residence, designed by revered Fleetwood & McMullan architects encompasses some 14,000 sq. ft. of total living space, with interiors conceived of, built, and installed by renowned Italian Achille Salvagni Atelier, and is offered fully furnished. An over-sized, 60’x30’ heated Gunite pool, pool house, sunken all-weather tennis court, and numerous patios and covered decks occupy the stunningly landscaped grounds.

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On the

AVENUE

BFANYC.COM

photographed by Joe Schildhorn

Delfina Blaquier at the fifth annual Piaget Hamptons Polo Cup

ON TH E AV E N U E |

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WEN D Y SY

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EAST END ENTERTAINING Robert Wilson, founder of the Watermill Center, threw yet another exciting summer benefit and auction filled with works and performances galore. The event, entitled FADA: House of Madness, united the worlds of art, theatre, fashion, design and society.

Altogether, more than $2 million was raised to benefit the center’s year-round Artistry Residency and Educational programs.

1. Constance Jablonski 2. Jamee and Peter Gregory 3. Robert Wilson and Shaikha Paula Al Sabah 4. Prince Dimitri of Yugoslavia, Anne Hearst and Jay McInerney 5. Bob Colacello 6. Fern Mallis 7. Nathan Bernstein and Katharina Otto-Bernstein 8. Sandra and Eric Ripert

18 | AVENUE MAGAZINE • SEPTEMBER 2016

MATTEO PRANDONI/BFA.COM

Watermill Center’s 23rd Annual Summer Benefit and Auction

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ON TH E AVENUE

THE SPORT OF KINGS The 5th Annual Piaget Hamptons Cup

A number of polo lovers gathered at the Equuleus Polo Club to enjoy the fifth annual Piaget Hamptons Cup, with an exhibition match hosted by event cochair Joe and Diana DiMenna with polo superstar Nacho Figueras. The outdoor event raised funds to benefit Robin Hood, New York City’s largest poverty-fighting organization.

N E W YO R K' S TO P

1. Nacho Figueras 2. Jessica and Jerry Seinfeld 3. Gabby Karan DeFelice and Donna Karan 4. Delfina Blaquier 5. Quincy and Sonja Morgan 6. Thomas Bouillonnec and Michael B. Jordan

COS M E TI C DE R M ATO LO G IST N OW I N M A N H ATTA N

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Dr. Peredo has been labeled "Super Doctor"

"Top Doc" in the New York Metro area by Castle Connolly®

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JOE SCHILDHORN/BFA.COM

by The New York Times and peer nominated

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THINK PINK

#Paddle4pink was the hashtag of the day during the Breast Cancer Research Foundation’s fifth annual Hamptons Paddle & Party for Pink, which raised more than $1.75 million to support its mission. The event—which included a paddleboard race, sunset party and auction—was co-chaired by Maria and Larry Baum, Lisa Pevaroff-Cohn and Gary Cohn, Kinga and Edward Lampert, and Jackie and Bippy Siegal, and hosted by Gwyneth Paltrow.

1. Christine Mack 2. Nicole Miller, Kim Taipale and Lisa Pevaroff-Cohn 3. Monique Lhuillier and Tom Bugbee 4. Gwyneth Paltrow, Tracy Anderson and Maria Baum 5. Judith Giuliani and Andrea Ackerman 6. Michael Dweck and Kinga Lampert 7. Bettina Anderson 8. Polina Proshkina 9. Amy France

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© PATRICK MCMULLAN

BCRF’s 5th Annual Hamptons Paddle & Party for Pink

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SOORI HIGH LINE – PENTHOUSE 10B | $15,100,000 3 BR/3.5 BA | WEB: 00110884 A crowning achievement at the Soori High Line Residences is the showplace duplex penthouse atop this premier condominium in Chelsea. Meticulouslydesigned approx. 2,708 sq.ft. of sun-drenched living space, beautified by stretching walls of glass, dramatic high ceilings up to 19’7” and top-of-the-line designer finishes, is complemented by an incredible 25’-long, 4’deep private heated rooftop pool and approx. 1,036 sq.ft. terrace affording a privileged NYC lifestyle.

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CLEAN SLATE Limpia Summer Fundraiser

ZACH HILTY/BFA.COM

Luke Weil, founder and chairman of LIMPIA, aka the Long Island Marine Purification Initiative, hosted a cozy outdoor celebration at Moby’s Easthampton in efforts to support the organization’s mission in creating awareness and inspiring change for water quality on the East End.

LESLIE S MODELL Senior Global Real Estate Advisor, Associate Broker +1.212.606.7668 Leslies.Modell@sothebyshomes.com EAST SIDE MANHATTAN BROKERAGE 38 East 61st Street, NY, NY 10065 | +1.212.606.7660 sothebyshomes.com/nyc 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. Sponsor: W29 Highline Owners LLC, 520 West 27th Street, Suite 302, New York, NY 10001. The complete offering terms are in an offering plan available from Sponsor. File No. CD 13-0302. Equal Housing Opportunity.

1. Fabiola Beracasa Beckman and Arden Wohl 2. Elizabeth Kuzyk 3. Sian Gordon, Luke Weil and Kumi Sawyers 4. Zoe Silverman and Derek Anderson 5. Michael Goodwin and Nicole Centeno

SEPTEMBER 2016 • AVENUE MAGAZINE | 23

ON TH E AVENUE

STYLISH HOMES

Architectural Digest September Style Issue Party

In celebration of Architectural Digest’s September Style issue, newly appointed editor in chief Amy Astley hosted a glamorous party. Guests flipped through copies of the issue which featured Marc Jacob’s New York townhouse (and Instagram-famous dog Neville!) on the cover.

1. Aerin Lauder and Ann Caruso 2. Anna Wintour and Amy Astley 3. Bronson van Wyck and Eric Rutherford 4. Harley Viera-Newton 5. Yvonne Force Villareal and Amanda Brooks 6. Jeffrey Bilhuber and Jill Kargman

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PARTY FOR A CAUSE To toast the Alzheimer’s Association Rita Hayworth Gala that will be held on October 25, Anne and Jay McInerney cohosted a kickoff party in Water Mill with gala founder Princess Yasmin Aga Khan and gala chair Karyn Kornfeld. The upcoming celebration will honor Bill Brand, president of HSN, as well as Brendan Shanahan, president of the Toronto Maple Leafs.

1. Karyn Kornfeld and Steven Kobre 2. Heather Mnuchin, Mark Gilbertson and Susan Magrino Dunning 3. Amanda Hearst 4. Charles Manger and Bonnie Pfeifer Evans 5. Liliana Cavendish and Hunt Slonem 6. Charles and Kiane von Mueffling 7. Suzanne and Jerry Kremer 8. Nacho Ramos and Whitney Fairchild 9. Frederick Anderson and Janna Bullock

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SEAN ZANNI/PATRICKMCMULLAN.COM

Alzheimer’s Association Rita Hayworth Gala Hamptons Kickoff

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ACCESSORIES GALORE

SYLVAIN GABOURY/PMC

The 2016 ACE Awards

Fashion luminaries mingled over cocktails and dinner at Cipriani 42nd Street, in celebration of this year’s Accessories Council Excellence Awards. Marking its 20th year, the annual event was created to pay homage to those who have made great strides in raising awareness about the accessories industry.

COMPLIMENTARY GLASS OF CHAMPAGNE WITH A MAIN COURSE WHEN YOU MENTION AVENUE.

1. Sarah Jessica Parker 2. Reed Krakoff 3. Stuart Vevers and Dree Hemingway 4. Linda Fargo 5. Jennifer Fisher and Debra Messing

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ON TH E AVENUE

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FILM SOCIETY

Florence Foster Jenkins East Hampton Screening Guild Hall and the Blue Parrot in East Hampton hosted a spectacular sneak preview screening and afterparty for the film Florence Foster Jenkins, arranged by Paramount Pictures. Stars of the movie Meryl Streep, Hugh Grant and Simon Helberg were in attendance, as was director Stephen Frears, who flew in from London. The evening was hosted by cultural elite opera director Robert Wilson.

1. Gigi Stone 2. Simon Helberg and Jocelyn Towne 3. Stephen Frears, Hugh Grant and Meryl Streep 4. Alina Cho 5. Shoshanna Lonstein Gruss with daughter Sienna

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MARION CURTIS/STARPIX

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Impero Caffè by Scott Conant opens at Innside New York in the bustling NoMad neighborhood, offering an all-day Italian menu in a warm and inviting atmosphere.

Lunch and dinner feature a variety of antipasti and satisfying house made pastas, the hallmarks of Conant's soulful Italian cooking. In the morning, the space captures the spirit of a traditional Italian coffeehouse, offering guests pastries, cappuccinos and shots of espresso to start their day. Impero Caffè's sense of "sprezzatura", or an air of casual elegance, makes it a go-to spot for those who seek a relaxed and stylish destination to savor comforting fare and good company.

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ARTFUL LIVING Entertaining events on the East End

30 | AVENUE MAGAZINE • SEPTEMBER 2016

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T

he best summer memories are often the private family ones. But that does not make a column. Fortunately for this scribe, and for you, the East End spews out two of the most reportable events of the summer: colorful, important, glamorous and unique. I speak of course (and yes, again), of both the Midsummer Party at the Parrish Art Museum and Robert Wilson’s 23rd annual Watermill Center Summer Benefit & Auction.

Art seems to coalesce the ingredients for a great party: creative design, eclectic costumes, the collectors and collected, and a general sense of artistic abandon. At least that’s what it does for me. The Midsummer Party at the Parrish brings together all that in the still newish and much admired Herzog & de Meuron–designed building.

This year, the exhibit “Radical Seafaring” inspired Ron Wendt Design’s rope-strewn Emily Mortimer, Alessandro Nivola and Terrie Sultan tables and fluttering sails overhead. The entire museum served as inspiration for Jonah Bokaer’s inaugural “Platform” exhibit, combining choreography, art and film. Barbara Slifka was honored for her philanthropy, and when Robert Wilson began his introduction with yips, woofs and barks, I reminded my dinner partner, Eric Fischl, that she is a board member of the Animal Rescue Fund of the Hamptons. Emily Mortimer and Alessandro Nivola were honorary chairs, and had special connections to the museum—his sculptor grandfather, Constantino, is in the permanent collection, and their children participate in the children’s programs. A rousing auction featured a private Jean-Georges dinner at Topping Rose and a Bulgari Lucea watch. A bevy of artists always support their institution, among them this year Geoffrey April Gornik Eric Fischl Ala and Ralph Isham Bradfield, Alice Aycock, April Gornik, Donald Sultan, Donald Lipski, Dorothea Rockburne, Clifford Ross, Malcolm Morley and Bryan Hunt. And many of the guests are also artistically inclined: Nicole Miller (fashion), Ala Isham (art into fashion), Billy Rayner (watercolors), Dorothy Lichtenstein (living art) Jimmy and Margo Nederlander (theater), and more: Chad Leat, Veronica Atkins, Peter Haveles, Fred and Robin Seegal and Parrish director Terrie Sultan.

Katharina Otto-Bernstein and Inga Maren Otto Creativity peaked at Robert Wilson’s 23rd Annual Watermill Center Summer Benefit & Auction, this year appropriately titled FADA: House of Madness. The largest crowd ever coursed through the famed outdoor installations, this year including feathered Robert Wilson Giancarla Berti fellows titled “Angels of Apocalypse” accompanied by Oscar-nominated Anohni “sounds,” Pussy Riot’s “Make America Great Again” reacting installation and John Margarita’s one-ton water tank, containing a very game gent in a Speedo, held down by weights. Suffice to say, there was no dearth of dinner topics, not that supper slowed it down. Norwegian performer Tori Wrånes was lowered from the tent ceiling, undulating and emitting lovely noises. Auctioneer Simon de Pury, emanating perhaps a little less lovely, provided highly effective noise, resulting in $1 million toward the $2 million raised.

And, as if in contrast, the demure honoree, Giancarla Berti, was introduced by a beaming Bob. While Kanye West postponed his appearance till next year, rapper Ja Rule performed what I’m sure is your favorite ditty, “Put It on Me”, and DJ Mia Moretti spun. Among the stimulated crowd: Shaikha Paula Al Sabah; Katharina Otto-Bernstein and Nathan Bernstein and their boys, Joni and Nicky; Anne Hearst McInerney and Jay McInerney, Carola and Bob Jain, Carol Mack, Kim Heirston Evans and Richard Evans, Kelly Behun and Jay Sugarman, Audrey and Martin Gruss, Kathy (in a clever, 100-percent-humidity-defying turban) and Rick Kim Heirston Evans Hilton, Inga Maren Otto and Holly Peterson. ✦

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FEASTS FOR THE SENSES This month's selection of art and culture

THE MET Exhibitions: FIFTH AVENUE

August 29 – February 13: Power and Piety: Islamic Talismans on the Battlefield July 19 – October 24: Drawings and Prints: Selections from the Met Collection 1000 Fifth Avenue 212.535.7710 metmuseum.org

Kai Althoff. Untitled. 1978. Offset lithograph.

6 1/8 x 7 1/2” (15.5 x 19 cm). Collection the artist © Kai Althoff

MOMA

Through October 2: Bruce Conner: It's All True Through January 8: Tony Oursler: Imponderable Through February 12: Teiji Furuhashi: Lovers September 18 – January 22: Kai Althoff: and then leave me to the common swifts 11 West 53rd Street 212.708.9400 moma.org

34 | AVENUE MAGAZINE • SEPTEMBER 2016

MUSEUM OF ARTS AND DESIGN September 15 – January 22: Crochet Coral Reef: TOXIC SEAS 2 Columbus Circle, New York 212.299.7777 madmuseum.org

Institute For Figuring's Crochet Coral Reef project, 2005–ongoing. 1688px x 2250px. Photo courtesy of the Institute For Figuring

OUTSIDE THE LINES AMERICAN ABSTRACTION IN THE 20TH CENTURY SEPTEMBER 8 – OCTOBER 8, 2016

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Exhibitions:

Galleries:

HIRSCHL MUSEUM & ADLER THE JEWISH September 16 – February 5: Take Me (I’m Yours) 1109 Fifth Avenue 212.423.3200 thejewishmuseum.org

Samye Monastery. Painted by a Tibetan monk; commissioned by Major William Edmund Hay (1805–1979); Lahaul, present-day India; ca. 1857.

Watercolor on paper. The British Library. Wise Collection, Add.Or.3017, Folio 3. Photograph (c) The British Library Board

THE RUBIN MUSEUM OF ART September 16 – January 9: Monumental Lhasa: Fortress, Palace, Temple

September 16 – January 2: Carmen Herrera: Lines of Sight July 26 – October 31: Sophia Al-Maria: Black Friday 99 Gansevoort Street 212.570.3600 whitney.org

150 West 17th Street 212.620.5000 rubinmuseum.org

Auctions:

WHITNEY MUSEUM OF AMERICAN ART

September 8 – October 8: Outside the Lines: American Abstraction in the 20th Century 730 Fifth Avenue 212.535.8810 hirschadler.com

GAGOSIAN GALLERY September 20 – October 29: Georg Baselitz: Jumping Over My Shadow 522 West 21st Street 212.741.1717 gagosian.com

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BONHAMS September 12: Chinese Works of Art

10 a.m. A Taste of the Remarkable: the John and Celeste Fleming Collection of Chinese Furniture and Works of Art 11 a.m. Chinese Snuff Bottles from American Collections 1 p.m. Chinese Paintings and Works of Art September 20: Exploration and Travel 580 Madison Avenue 212.644.9001 bonhams.com

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September 13: Indian, Himalayan and Southeast Asian Works of Art

36 | AVENUE MAGAZINE • SEPTEMBER 2016

September 8 – October 22: Lynda Benglis: New Work

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ACCESSORIZING FOR AUTUMN Summer’s sweet glow is replaced by the auburn tint of fall.

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Arrive on time and in style with the BOVET “Miss Audrey” timepiece from the Amadeo Fleurier collection. Utilizing a lower density of steel, the “Miss Audrey” is the lightest item in the collection, perfect for people who choose to wear it as a pendant. With its smaller size comes an added femininity. Perfect for the fall, the timepiece comes in two new dial colors—blue and brown. The face is set on a strong synthetic fiber strap that mimics the appearance of satin, and the timepiece comes with a necklace to allow it to be worn as a pendant. Available at the Boutiques at 50 Central Park South, New York. Visit boutiques50cps.com.

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After 30 years in the fashion industry, Mi Jong Lee launched her namesake ready-to-wear line in 2015. Born in Seoul, South Korea, her design philosophy is influenced by art, architecture, culture, and her multicultural upbringing, having lived around the world, including in Spain, Mexico and Costa Rica. For her current collection, Lee drew inspiration from an ancient art form mirrored in modern architecture. A New York original, Lee, along with her team, designs and manufactures the line in the Garment District.

For more information, visit mijonglee.com.

38 | AVENUE MAGAZINE • SEPTEMBER 2016

SIMPLY STUNNING

Coco Chanel once famously said, “I always take off at least one piece of jewelry before I leave the house…to ensure that I am not ‘overdoing’ it.” We always take her advice to heart, but we’d be remiss if we left home without these simple but elegant pieces from the David Yurman Pure Form collection. The collection features bracelets and rings, and the minimalist design celebrates metal’s sculptural properties and its purity of form. When layered, the domed edges fall naturally together, creating an impactful stack. The collection launched in August and is available at David Yurman, 712 Madison Avenue, New York. For additional information, call 212.752.4255.

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E D I F I C E C O MP L EX |

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J O H N FREEMA N G ILL

TERMINAL CONDITIONS In the area known today as Tribeca, fashionable New Yorkers flocked in the 1800s to St. John’s Park, a lush showplace bordered by elegant Federal townhouses.

Then Commodore Vanderbilt clear-cut the park for a four-acre rail terminal.

St. John’s Park, with its namesake chapel on Varick Street, attracted society’s elite in the late 1820s and 1830s.

T

he St. John’s Terminal Building, a grungy, monolithic freight warehouse built in 1934 as the terminus of the High Line elevated railway, is at the center of a massive and controversial proposed development that would transform the waterfront at the foot of Greenwich Village. To raise funds for critical repairs to Pier 40, the decaying commercial pier at Houston Street, the Hudson River Park Trust has agreed to accept $100 million from private developers for 200,000 square feet of unused air rights, which would be transferred from the pier to the St. John’s site, just across the West Side Highway. The proposal, which would require zoning changes, is now working its way through the city’s land-use review process.

If approved by the City Council, the air rights sale would allow the St. John’s developers, Westbrook Partners and Atlas Capital Group L.L.C., to put up five buildings, ranging from 175 to 430 feet tall, between Clarkson and Charlton Streets. At two million square feet, more than five times the size of the nearby Trump SoHo, the project is something of a beast. It would include 1,586 apartments, significant retail space, and a hotel or office tower. Some area residents worry that it could set a precedent for similarly giant projects nearby.

The scale and controversy of the project recall the tremors that shook the area a few blocks south in the 1860s, when Cornelius Vanderbilt, known as the Commodore, had the temerity to build the original St. John’s Freight Terminal in the very heart of what had once been a serene and elite residential neighborhood.

St. John’s Park, bordered by Varick, Beach, Hudson and Laight Streets in a wild, marshy part of what is today known as Tribeca, had been laid out in 1803 by Trinity Church in an effort to create a

40 | AVENUE MAGAZINE • SEPTEMBER 2016

residential enclave modeled on the gracious squares of London’s West End. As an added enticement, the church built a lovely chapel, called St. John’s, facing the park on Varick Street. But it was not until the 1820s that fashionable New Yorkers moved to the square in great numbers, building elegant Federal row houses around it and fencing off the park, which was reserved for the exclusive use of those who owned the bordering lots. No expense was spared in beautifying this lush showplace: Catalpas, cottonwoods, horse chestnuts and silver birches were planted, while fountains and gravel walkways were laid out with appealing symmetry. Over time, gaslights and curbstones were added.

The area surrounding the park became “one of the most gravely respectable parts of the town,” as Harper’s Magazine described it, remaining at this “aristocratical high-water mark” into the 1840s, after which it became a mixed commercial and tenement neighborhood.

The decline of St. John’s Park was hastened by the laying of train tracks down Hudson Street, the park’s western edge, by the Hudson River Railroad in 1851. But the ultimate insult came in 1866, when Commodore Vanderbilt, who controlled the railroad, purchased the park from Trinity Church and its co-owners for $1 million.

Vanderbilt lost no time in chopping down 200 trees, tearing up the park, and building in its place a four-acre, fifty-foot-tall freight station of red brick and granite.

A figure of Trumpian self-aggrandizement, Vanderbilt crowned the Hudson Street façade of his gargantuan new train shed with a 150-foot-long, 31-foot-high bronze bas relief celebrating his triumphs on land and sea. At the relief ’s center, in the sort of arched niche in which saints appear in churches, stood a twelve-foot-tall, four-ton

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A figure of Trumpian self-aggrandizement, Vanderbilt crowned the Hudson Street façade of his gargantuan new train terminal with a 150-foot-long, 31-foot-high bronze bas relief celebrating his triumphs on land and sea.

JOHN FREEMAN GILL

Above: The current St. John’s Terminal Building, at Washington and Houston Streets.

Near right: The original St. John’s Freight Terminal, at Laight and Hudson Streets, in 1868. Far right: A colossal four-ton bronze statue of the commodore stood atop the original terminal.

ART AND PICTURE COLLECTION, THE NEW YORK PUBLIC LIBRARY. “THE BUILDING ERECTED FOR THE HUDSON RIVER RAILROAD, ON THE FORMER SITE OF ST. JOHN’S PARK.” THE NEW YORK PUBLIC LIBRARY DIGITAL COLLECTIONS. 1868.

statue of the commodore himself. He wore a fur-trimmed overcoat, with his left hand, as The New York Times described it, “modestly extended.”

To Vanderbilt’s left, along with images of Neptune and a sea monster, was a tableau honoring the commodore’s career as a ferry entrepreneur and steamship operator, including the image of a mighty steamer called, unsurprisingly, the Vanderbilt. To the commodore’s right were depicted his railway achievements, presented in the context of their contributions to American prosperity: an eagle, a sword-wielding personification of Liberty, and a rendition of the St. John’s depot itself, from which emerged several train cars pulled by a locomotive named, yes, C. Vanderbilt.

The monumental terminal aroused in the public just about every feeling but indifference. The Times admired the commodore’s “genius for the sensational,” while George Templeton Strong, a high-born lawyer and diarist, was disgusted by the “hideous group of molten images,” which he ridiculed as an “act of Idolatry and Mammon Worship—the honor thus paid to a successful money-maker as a Hero.”

Scientific American was similarly derisive, as the architectural historian Christopher Gray has observed. Under the headline “A Huge Joke in Brass,” the magazine mocked Vanderbilt’s colossal overcoat, noting that it was “ample to protect from frost a Siberian sledge driver”; the bronze reliefs were “absurd,” the magazine opined, “in many respects ridiculously so.”

The terminal’s transformative effect on the once genteel neighborhood was immediate. Even before the depot was completed, the Times 42 | AVENUE MAGAZINE • SEPTEMBER 2016

THE MIRIAM AND IRA D. WALLACH DIVISION OF ART, PRINTS AND PHOTOGRAPHS: PHOTOGRAPHY COLLECTION, THE NEW YORK PUBLIC LIBRARY. “BAS RELIEF OVER OLD NYC HRRR [HUDSON RIVER RAILROAD] TERMINAL AT ST. JOHN’S PARK.” THE NEW YORK PUBLIC LIBRARY DIGITAL COLLECTIONS.

lamented of the area that “privileged nursery-maids and children no longer wander or gambol through its rural precincts.” Women were rarely seen outside the “surrounding cheap boarding-houses,” which tended to be crowded with young retail clerks. One line of houses on the formerly exclusive square had come to be called Hash Row. By 1885, an average of 275 freight cars were rumbling daily through the once placid neighborhood, carrying such cargo as butter, fruit, hides and machinery. The depot, Harper’s declared, had “crushed the region utterly, so far as its fitness to be an abiding-place of polite society was concerned”; by 1893 the once fine houses were “tragedies in mellowtoned brick and carved wood-work that once was very beautiful.”

In 1934, the successor St. John’s Terminal was built closer to the waterfront at its current location on West Street, where a shabby, faded banner still bears the words “St. John’s Center.” The building’s forebear was demolished two years later.

Appropriately, perhaps, both the site of the original terminal and the imperial bronze statue that stood atop it are today all but swallowed up by the city’s transportation infrastructure. Much of the St. John’s site is now given over to a looping exit road from the Holland Tunnel.

The sculpture of Vanderbilt, meanwhile, stands above 42nd Street in front of the downtown façade of Grand Central Terminal, generally unnoticed by the automobile drivers who whizz past him day and night. His hand is still “modestly extended.” ✦ John Freeman Gill’s first novel, The Gargoyle Hunters, will be published

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Fashion Forward

Influential New Yorkers Highlight Fall’s Newest Trends

MARCH 2015 • AVENUE MAGAZINE | 45

LONG LIVE LATIN AMERICA

by Daisy

Prince

photographs by

Billal Taright

46 | AVENUE MAGAZINE • SEPTEMBER 2016

Colombian cousins Giovanna Campagna and Cloclo Echavarria are bringing New Yorkers the best of Latin American fashion and design

styled by Maria Cecilia B. Campos fashion production by

Estefania Hageman hair and makeup by Rosita Di

and Delphine Bonnet (from left to right) Cloclo wears a long dress in bicolor black and rose lace by Philosophy by Lorenzo Serafini. Available at albertaferretti.com.

Fiesta Azul Circle earrings by Mercedes Salazar.

Available at modaoperandi.com. Giovanna wears a pink lace dress by Philosophy by Lorenzo Serafini.

Available at albertaferretti.com. Fiesta Azul Rhombus earrings by Mercedes Salazar.

Available at modaoperandi.com.

SEPTEMBER 2016 • AVENUE MAGAZINE | 47

“CREO means ‘I believe’ in Spanish. This is the belief we have in these brands.

We would like retailers and press to also believe in them.”–Cloclo Echavarria

A

nother thing the two cousins believe strongly in is the rise of Colombia since the end of a decadeslong war with FARC, the guerrilla group that terrorized the country for decades. A stable political situation, gold mines, natural resources and reasonable proximity to the United States (a JetBlue flight is only four and a half hours away and has just a one-hour time difference from New York) all point to a good place for dollar investments. When you add that to a hugely underreported resource, the extraordinary diligence of the Colombian people (“People are always shocked to see that it’s very normal to have a 7 a.m. meeting,” says Cloclo wryly), you have a place ripe with opportunity, and word on the street is that the hedge fund community are taking meetings down there like it was Dubai ’03.

All of this points to Cloclo and Giovanna catching the wave at just the right time for a fashion investment opportunity.

Their list of brands is growing: so far they have Pepa Pombo, Hunting Season, Magnetic Midnight, Mercedes Salazar, Mola Sasa, Carmelinas and Isolda.

When it comes to choosing the firms they will represent, CREO is very picky, with good reason. They are determined showcase brands that can incorporate the rich tradition of artisanal craftsmanship that Colombia is known for but whose products don’t look like some cheap straw bag you bought on holiday: “We want the quality to be competitive on the global level and with the other things we find in Bergdorf Goodman,” says Giovanna. Bergdorf ’s just happens to be one of CREO’s early supporters, as is Moda Operandi, the online 48 | AVENUE MAGAZINE • SEPTEMBER 2016

Opposite page: (from left to right) Giovanna wears an Annabelle blouse in Flora Negra by Piamita. Available at shopbop.com. Sabine skirt by Piamita. Available at piamita.com. Fiesta Azul Rhombus earrings by Mercedes Salazar.

Available at modaoperandi.com. Cloclo wears an Annabelle blouse in Leopardo Rojo by Piamita. Available at B. Barnett. Pandora pants by Piamita. Availablt at piamita.com. Fiesta Azul circle earrings by Mercedes Salazar.

Available at modaoperandi.com.

f Brazilians captivated New Yorkers in the nineties and Russians were the group to watch in the “naughties,” then the newest crop of people who fascinate are the Colombians. The 2016 marriage between Lady Charlotte Wellesley and Colombian Alejandro Santo Domingo placed the country and its stylish exports firmly in the spotlight. Fiercely nationalistic, this is a group of people who combine old-fashioned glamour and an unapologetic love of a good time. And there is no point at which the Colombians and New Yorkers overlap more than in their shared love of fashion.

Now, two well-connected young Colombian women have joined forces to form a gateway between burgeoning Latin American fashion brands and the New Yorkers keen to wear them.

CREO Consulting is the brainchild of cousins Giovanna Campagna and Cloclo Echavarria, who see growing interest from sophisticated consumers who want to wear global fashion brands. Their company acts as an incubator to young Latin American and Colombian designers who might not have had the opportunity to crack the international apparel market, or the knowledge of how to do so.

They both know their audience and their consumers well. Giovanna grew up in New York in an apartment her parents had at the Carlyle Hotel and attended the Spence School, St. Paul’s School and Princeton. She was in the middle of getting her master’s degree in Latin American art at the Courtauld Institute in London when she started spending more and more time with her cousin, Cloclo, whose education was mostly in Europe. She lived in Miami until she was 6 before heading to Switzerland for boarding school, eventually returning to the United States to attend Boston University.

Both women worked in fashion and events after college, Giovanna under Sylvana Ward Durrett at Vogue and then for Stefano Tonchi at W and Cloclo as a creative adviser to events companies.

Interestingly, although neither of the women lived as adults in Colombia full-time, they descend from a successful industrial family with strong ties throughout the country. After college they began regularly spending their vacations in Cartagena and Barranquilla. There, they’d pick up clothes or accessories from talented young designers, and when wearing them out on the town were besieged by friends asking where they got such cool, unique designs and demanding to know where to find such treasures for themselves. As most of the brands could only be found locally, Giovanna and Cloclo started to think about how to bring these designers to a broader market.

Hence, CREO Consulting was born. Their mission as a company is to advise brands on everything from how to present their collections, to producing their lookbooks, to pitching to the international press. They are based in London and New York. “In New York we have a main showroom which is basically where we keep all the collections and pitch them to retailers,” Cloclo explains. “CREO means ‘I believe’ in Spanish. This is the belief we have in these brands. We would like retailers and press to also believe in them.”

SEPTEMBER 2016 • AVENUE MAGAZINE | 49

Cloclo wears a Parrot Viscose Jacquard Sweater and Printed Crocodile Calfskin slippers with crystal buckles by Dior. Available at Dior boutiques nationwide, 1.800.929.Dior. Woven cropped pants by Pepa Pombo. Available at Fivestory.

50 | AVENUE MAGAZINE • SEPTEMBER 2016

Giovanna wears a cropped jumper, skirt and shoes by David Koma. Available at Bergdorf Goodman and davidkoma.co.uk.

SEPTEMBER 2016 • AVENUE MAGAZINE | 51

52 | AVENUE MAGAZINE • SEPTEMBER 2016

retailer founded by Lauren Santo Domingo (married to another Colombian, Andres). Fivestory, Kirna Zabête and Armarium, the luxuryclothing service app, are the other retailers who stock CREO’s brands.

Giovanna and Cloclo love a good backstory too. For instance, the designer behind the high-end headpiece brand Magnetic Midnight found a small group of artisans on the Pacific coast of Colombia who were expert weavers and had them create the pieces, and then founded a family business that would dip anything in gold. The results were so unique and interesting that trendsetters like Margherita Missoni wore one to Giovanna Battaglia’s rehearsal dinner.

Another brand CREO is very proud of is Mola Sasa, who make artisanal clutches by an indigenous group called the Kuna. The designer, Yasmin Sabet, creates signature bags known as molas. She employs female craftswomen in the local community, and has a social responsibility streak: she teaches her employees life skills, as well as information about their own health and how to run their businesses. Giovanna adds, “What we love about that is that it’s helping to sustain these practices.”

The women are passionate about their wish to help change New Yorkers’ perceptions about Colombia: “Because we had such a bad reputation for so long, we want to make sure that anyone who passes through has the best time possible,” says Cloclo. And they are clearly extremely hospitable to anyone adventurous enough to make their way down there, like Claire Distenfeld of Fivestory did last year. She was rewarded by an invitation to one of Cloclo’s legendary New Year Eve parties (always attended by various members of the Santo Domingo clan) and from all accounts it sounds like she had the trip of a lifetime.

2

1

3 4

A stable political situation, gold mines, natural resources and reasonable proximity to the United States all point to Colombia being a good place for dollar investments.

There is clearly a great time to be had, as the women recount stories of cabalgatas, picnics spent on horseback, sometimes with a radio attached to saddles for extra atmosphere, and late-night salsa dancing fueled by the national drink, aguardiente. “In Colombia no matter who you are, if you are the president’s son or the farmer’s daughter, you’ll be drinking aguardiente,” says Cloclo.

Colombia sounds like it could be the new Caribbean, even if its troubles aren’t entirely fixed. Cloclo has the final word on the topic: “Colombia, despite all its imperfections, is an amazing country. There is terrible traffic and the weather in Bogotá [the capital city] is not much better than London’s, and yet there is something magical about it. People still want to dance. Even with the levels of poverty, people are still smiling, we’re still known to be one of the happiest countries in the world, yet we’re never known to be one of the richest.”

It sounds like the last part might change, but hopefully the Colombians will still keep smiling. ✦

5

6 7

Opposite page: (from left to right) Giovanna wears a woven jacket by Pepa Pombo. Available at Fivestory. Jeans by FRAME Denim. Silver shell earrings

by Casa Chiqui. Available at Casa Chiqui, Cra. 6 #36-127, Cartagena, Bolívar, Colombia, 011 57 5 6685429. Cloclo wears a green knit top and pants by Pepa Pombo. Available at Fivestory. Frutas earrings by Mercedes Salazar.

Available at modaoperandi.com and mercedessalazar.com.

On right. Photos from @creoconsulting, Instagram: 1. Bianca Brandolini, wearing Hunting Season 2. Lauren Remington Platt, wearing Piamita 3. Margherita Missoni, wearing a Magnetic Midnight headpiece and Giovanna Battaglia 4. Laura de Gunzburg, wearing Isolda 5. Amelia Diamond, wearing Carmelinas 6. Dianna Agron, wearing Hunting Season 7. Laura de Gunzburg, wearing Pepa Pombo 8. Indre Rockefeller, wearing Isolda

8

Vanessa Cornell

y t n e e v tw fi Brooke Garber Neidich

Beauty may be in the eye of the beholder, but sex appeal is universal. These 25 New Yorkers have it all. Masters of the career paths they’ve gone down, they’re redefining success, while still looking like they’ve stepped out from the pages of a magazine.

Which they have. Their sexy edge is on show here.

Enjoy perusing through the pages.

—The Editors photographed by Patrick

Consuelo Vanderbilt Costin

Dayssi Olarte de Kanavos 54 | AVENUE MAGAZINE • SEPTEMBER 2016

McMullan and Billy Farrell Agency

Ian Mohr

Eric Rutherford

Christine Coulson

Rachelle Hruska MacPherson

Coralie Charriol Paul SEPTEMBER 2016 • AVENUE MAGAZINE | 55

Ariel Ashe Hannah Bronfman Bevin Butler Bryna Butler Coralie Charriol Paul Vanessa Cornell Consuelo Vanderbilt Costin Christine Coulson Dayssi Olarte de Kanavos Cornelia Guest Ariel Ashe

Rachelle Hruska MacPherson Winston Lapham Aerin Lauder Ricky Lauren

Yvonne Force Villareal

Ian Mohr Brooke Garber Neidich

Aerin Lauder

Anna Patterson Charlotte Ronson Marina Rust Eric Rutherford Ludi Salm Anne-Cecilie Speyer Gayfryd Steinberg Yvonne Force Villareal Dasha Zhukova ✦

Hannah Bronfman

Ludi Salm Cornelia Guest

Anne-Cecilie Speyer

56 | AVENUE MAGAZINE • SEPTEMBER 2016

Winston Lapham

Charlotte Ronson

Gayfryd Steinberg

Bryna Butler and Bevin Butler

Dasha Zhukova SEPTEMBER 2016 • AVENUE MAGAZINE | 57

58 | AVENUE MAGAZINE • SEPTEMBER 2016

On Pointe Fall fashion—a celebrated pas de deux of color and design

produced by Amy

Fine Collins

photographed by M. Sharkey styled by Freddie

Leiba

Fall’s feature models are from Fadi J. Khoury Dance, a contemporary dance company founded by Khoury and based in Manhattan. The shoot took place at Studio 153, a new performance space and photography studio in Red Hook, Brooklyn, with Amy Fine Collins as the dancers’ muse.

See the company live at their next performance at Symphony Space on the Upper West Side on November 17.

hair and makeup by Maysoon Faraj dancers Fadi J. Khoury, Sevin Ceviker, Mara Driscoll, Felipe Escalante fashion assistance by Oleksandra Troshchynska

Mara Driscoll in a corset by Maggie Norris Couture amd tutu by Capezio New York.

Felipe Escalante in a net top by Asher Levine. Available at asherlevine.com.

Sevin Ceviker in a dress by Reem Acra. Available at Saks Fifth Avenue and Bergdorf Goodman.

On right, Fadi J. Khoury.

Sevin Ceviker in a Oscar de la Renta dress.

Available at Bergdorf Goodman. Fadi J. Khoury in Paul Smith.

SEPTEMBER 2016 • AVENUE MAGAZINE | 61

Mara Driscoll in a dress by Alberta Ferretti. Available at Bergdorf Goodman. Felipe Escalante in a hand-painted tank top by Scooter LaForge. Available at patriciafield.com. Pants by Asher Levine.

Available at asherlevine.com. Cuff by Oumar Burkindy. Available at Paul Smith.

SEPTEMBER 2016 • AVENUE MAGAZINE | 63

From left to right: Felipe Escalante in a tank top and jeans by Calvin Klein.

Available at Bloomingdale’s.Leather straps by Zana Bayne. Mara Driscoll in a dress by Norma Kamali and choker by Zana Bayne. Sevin Ceviker in a dress

by Maiyet. Available at Barneys New York. Belt by Zana Bayne. Fadi J. Khoury in a tank top and jeans by Ralph Lauren. Available at Bloomingdale’s.

64 | AVENUE MAGAZINE • SEPTEMBER 2016

SEPTEMBER 2016 • AVENUE MAGAZINE | 65

Already Captured an Outfit on Social Media? There’s an App for That

by Kelly

66 | AVENUE MAGAZINE • SEPTEMBER 2016

Laffey

F

acebook captures your life. Instagram filters it. Twitter keeps tabs on your every move.

People are consuming each other’s lives more than they ever have. There is constant access to who wore what to which event, and it’s no surprise that even the largest of walk-in closets have trouble keeping up.

“Once you’ve Instagrammed an outfit, it’s hard to re-wear it,” says Trisha Gregory, who founded on-call luxury clothing service Armarium with Alexandra Lind Rose.

Rose is a fashion designer who has worked in the industry for more than 20 years, and Gregory formerly oversaw PR at Salvatore Ferragamo.

Launched earlier this year, Armarium is a styling concierge service for the jet-setting crowd. The company lets women rent an outfit or accessory for a predetermined time—the standard is four days—so that they can have and wear a new design for each event they attend. Armarium features classic pieces, like the always-in-style little black dress, as well as exclusive styles, high-vintage fashion, or pieces that others in the market aren’t currently carrying.

“We cater to women who love fashion, love trends and love statement pieces,” says Rose.

Users visit Armarium online or though the company’s app, and they decide which outfit or collection best suits their needs. Next, they have the option to consult with a stylist; they then choose the date they need the outfit or accessory by, and voila! It appears on her doorstep right in time for the event. The company takes care of all the rest, including dry cleaning and return packaging.

“Women get to try wearing designers whom they maybe haven’t tried yet,” says Gregory. “Sometimes, it’s a little intimidating to drop money to experiment with a new designer.” Armarium offers the designs at 10–20 percent of the retail price.

New for pre-fall, Armarium has started carrying Missoni. The company celebrated with a Southampton launch party in mid-July, at the home of Marigay McKee, founder of MM Luxe Consulting. “How great is it is that with Armarium, you can have the pick of the runway?” says McKee, who is a friend of the Missoni family and a frequent Armarium user. She offered consulting services to Rose and Gregory when they first started the company.

Key to Armarium’s strategy is its ability to offer customized services to its consumers. The Style Brigade is a group of hand-selected stylists who work with each customer to create the perfect look. Stylists have to have at least five years of experience in the luxury fashion world, and are available to Armarium’s customers for 15 minutes over the phone, or in person for an hour at Armarium’s Upper East Side showroom. As clients work with Armarium, they fill out a profile page that details their height, dimensions and favorite designers. Armarium keeps a robust client profile, keeping tabs on wish list items, and suggesting styles that may fit what a user is looking for.

Armarium has styled women for most of the events in the New York charity circuit, as well as the Met Gala and the opening of the American Ballet Theater. “There have been a lot of people asking for clothes for a date or a wedding,” says Gregory.

“We want women to try new things,” says Rose. “With fashion, you can do anything now.

We want to encourage people to experiment and try outside the box.” ✦

NEW FOR PRE-FALL, ARMARIUM HAS STARTED CARRYING MISSONI. THE COMPANY CELEBRATED WITH A SOUTHAMPTON LAUNCH PARTY IN MID-JULY.

SEPTEMBER 2016 • AVENUE MAGAZINE | 67

developer roundtable

Building Our Future of agreement—as well as great insights into what’s up-and-coming in the city that never sleeps.

Put four Manhattan real estate developers around a table and ask them about their business, and you get a surprising amount

moderated by Julie 68 | AVENUE MAGAZINE • SEPTEMBER 2016

Barker

■

photographed by Jonathan

Grassi

AVENUE: What’s the mood in the New York real estate market now?

SIMON: If you’re priced right, you can still move product, either renting it or selling it.

And I think you’re going to see a huge drop-off in product—a lot of projects that are slated will not get built because financing is very, very difficult. The mood today is just very cautious.

Buyers are looking around, they’re trying to negotiate.

NAFTALI: We go back to the basics of real estate: Location is very important. The quality of the product is very important. The perfor-

mance of the developer is very important, and obviously price—you have to price right. If you check off each of those four elements, as a developer, you sell the product.

AVENUE: Are economic and political factors abroad affecting residential real estate prices in New York City?

WITKOFF: Morgan Stanley’s Global Head of Interest Rate Strategy just issued a forecast that 10-year U.S. treasury yields will fall 50 basis points, or 0.5 percentage point, to 1 percent in the first quarter of 2017. That’s wild, right? So if yields continue to fall to

Participants JEFFREY DVORETT, Executive Vice President, Head of Development at Kuafu Properties LLC

MIKI NAFTALI, Chairman and CEO, Naftali Group

DON PEEBLES, Founder, Chairman and CEO, The Peebles Corporation

JONATHAN SIMON, Founder, Chairman and CEO, Simon Baron Development

STEVE WITKOFF, Chairman and CEO, Witkoff

JULIE BARKER writes about business people and their concerns.

Her work has appeared in AVENUE, CFO Studio, Connecticut, MidJersey Business, Stamford and Successful Meetings.

SEPTEMBER 2016 • AVENUE MAGAZINE | 69

developer roundtable historic lows, we see a global repricing of assets, and that extends to real estate. If you can own an apartment in New York—the most liquid real estate market in the United States and, arguably, globally, and rent it out to earn a 2 percent yield with potential upside appreciation, that is a very attractive proposition in a 1 to 1.5 percent U.S. Treasury market. As a result, I believe foreign capital will continue to rotate into New York residential real estate. We’re currently seeing this at our new Tribeca project, 111 Murray—tons of foreign buyers there.

AVENUE: What is your top luxury address, and what are the amenities and features?

WITKOFF: Harold Lorber’s New Valley, Fisher Brothers, and Witikoff are developing 111 Murray. We’re huge believers in luxury amenities because people want one-stop shopping, to live there and have it all. At 111 Murray we have taken luxury to a new level.

We have a Drybar-branded salon, 24-hour concierge services by Abigail Michaels with an

West 87th Street. It’s going to be 39 homes.

We’ve got a basketball court, a climbing wall, an outdoor garden, a terrace garden, a fitness room and a library.

Jonathan Simon

NAFTALI: West Village, the corner of West 10th and Washington. It’s an existing prewar building, and we have 39 homes. Everything is completely gut renovated; the bones and the space in each home are just very, very unique.

We are creating a new carriage house, which will host the new lobby, and behind it a private garden, which I think is a great amenity for the building. There’s a beautiful library that sits just off the garden, a basketball court, rock climbing, sauna and a gym.

DVORETT: We’re currently selling at Manhattan View at MiMA, a new condo designed by Jamie Drake in the Hudson Yards district. It has a basketball court, three terraces with grilling stations, outdoor movie theater, swimming pool, private Equinox only for folks in the building, and every other amenity imaginable. And because it’s part of a larger complex, the carrying charges are really quite reasonable.

PEEBLES: By far 108 Leonard in Tribeca. In

will continue to run so the value is preserved for the purchasers. Coming up with ways to create all these amenities while also not having exorbitant common charges is always our challenge and priority.

WITKOFF: I think it’s all about the sponsorship: If the developer has integrity, stands behind the product, and is concerned about it, a good sponsor will come in and fix mistakes if a tenant has an issue.

NAFTALI: Common charges are very im-

“IF YOU’RE PRICED RIGHT, YOU CAN STILL MOVE PRODUCT, EITHER RENTING IT OR SELLING IT.” —JONATHAN SIMON

Miki Naftali

on-site attendant, a private travel concierge via Blue Star Jets, a patisserie with fresh daily selections provided by Baked Tribeca, two pools, a large cinema, a teen and kids’ playroom/lounge, a private garden, a private dining room with a demo kitchen, an extensive fitness center and an incredible spa and hammam—all of which are very cool.

SIMON: We actually have two. One is at 12 East 88th Street, between Fifth and Madison.

We’ve got 24 homes there. We’ve got a fitness room, a lounge, a children’s playroom, but we are steps from Central Park, which is an amenity on its own. The other one that we’re going to start selling in [late August] is 267 70 | AVENUE MAGAZINE • SEPTEMBER 2016

full disclosure my company and our partner the El-Ad Group are converting and restoring this building, which is one of the most important landmarked buildings in New York City.

The amenity package is unmatched by any landmark building in the city. Those amenities include an enclosed indoor motor court, underground resident parking, spa, state-ofthe-art health club with an indoor pool with private cabanas, library, theater, children’s center and only approximately 150 homes.

AVENUE: What should be considered before purchasing in a new development with amenities? Carrying costs—what other considerations are there?

DVORETT: The sustainability of the amenities. Will the amenities that have been put in be difficult to pay for when the building gets taken over by the residents on the condo board? I think that as developers we all spend a lot of time thinking about how the building

portant as part of the overall expense. Yet, sponsorship is very important now, even more so than in the last five years.

PEEBLES: Quality. Quality of the building and construction; quality of the sponsor and of course quality of the location being the most important.

AVENUE: Why? NAFTALI: There are many new sponsors, and some of them overpay for the development. But if they are not experienced enough and they have overpaid, they are more likely to cut some corners. The buyer is going to see the end product only when the project is completed. So I think it’s very important to check the credibility and experience of the sponsor.

SIMON: I agree. I think buyers are all very shrewd today. A sponsor is very important— the integrity of the sponsor.

New York CitY

HamptoNs

CoNNeCtiCut

New JerseY

HudsoN ValleY

EXQUISITE GEORGIAN MANOR Greenwich, CT | 8 BR, 10.5 BATH $9,150,000 | Web#99107213 Elizabeth Douthit 203.962.3424

TOWNHOUSE TREASURE – PARK BLOCK Upper West Side, NYC Excl. | 8 BR, 5.5 BATH $8,995,000 | Web#14772193 Louise Phillips Forbes 212.381.3329

GREAT LOCATION, VIEWS & SUN-DRENCHED Flatiron, NYC Excl. | 3 BR, 3.5 BATH $6,295,000 | Web#14375483 Louise Phillips Forbes 212.381.3329

STUNNING MULTI-FAMILY BROWNSTONE East Harlem, NYC Excl. | 5 BR, 5.5 BATH $5,900,000 | Web#14994123 Jeffrey Tanenbaum 212.381.3308

JEWEL IN THE SKY Central Park South, NYC Excl. | 1 BR, 2 BATH $4,200,000 | Web#15033295 Lisa Holland-Davis | Bruce Davis 212.381.3380/3331

4-STORY NEO-GREC TOWNHOUSE Park Slope, NY Excl. | 6 BR, 4 BATH $3,995,000 | Web#14772193 Jackie Lew | Marc Wisotsky 718.613.2046/2047

TERRACED PH DREAM WITH VIEWS Chelsea, NYC Excl. | 2 BR, 2 BATH $2,875,000 | Web#15216543 Rex Gonsalves 212.381.4245

ON SAUGATUCK ISLAND Westport, CT | 4 BR, 3.5 BATH $2,450,000 | Web#99139869 Kecia Von der Ahe 818.590.7374

A SHOWSTOPPER Midtown West, NYC Excl. | 2 BR, 2 BATH $2,250,000 | Web#14765350 Brian Lewis 212.381.225

HAMPTON HOUSE SPRAWLER Midtown West, NYC Excl. | 2 BR, 3 BATH $1,995,000 | Web#14979933 Brian Lewis 212.381.2252

BEAUTIFULLY RENOVATED TOWNHOUSE Hoboken, NJ Excl. | 4 BR, 2.5 BATH $1,950,000 | Web#15027269 Matt Brown | Peter Cossio 201.478.6709/6710

1800SF, DRAMATIC VIEWS, TERRACE + W/D Midtown East, NYC Excl. | 2 BR, 2.5 BATH $1,400,000 | Web#13046572 Elayne Reimer 212.381.3372

Halstead Property, LLC; Halstead Brooklyn, LLC, Halstead Connecticut; LLC; Halstead Property New Jersey, LLC; We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin. All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics reserved to Broker.

AM0916_AD_Halstead_r1.indd 1

17/8/16 10:40

developer roundtable PEEBLES: Quality always endures. Especially in times of market uncertainty or decline; there is always a rush to quality. The best quality buildings in the most desirable locations always hold their value.

corridor. Just think if those buildings were 10-story buildings. Would anyone pay $5,000 a foot for that? $6,000 a foot for that?

So obviously, views are very important, especially for foreign buyers.

AVENUE: What do millennials want in terms of their living space and building features?

WITKOFF: Yes, and I think for all the right reasons. New York is a great city.

DVORETT: One of the initiatives that we follow closely is the move to micro-units. The technology that’s been employed to get people to live in 250 or 300 square feet is pretty amazing. I think the jury is still out as to how people will feel after doing it for three, four, five years, but the mentality of efficient, smaller-scale living

SIMON: It’s like having oceanfront property.

It’s a special thing in the city.

Steve Witkoff

DVORETT: A low floor is usually a completely different experience than, let’s say, the 60th floor. It’s unique that our condo starts on 51—every one has incredible views.

DVORETT: I’ve been amazed by the integration of technology into the home living environment. You can open your front door with your phone instead of a key, and you can press a button on your phone and your lights go on to 27 different shades of green.…

In the scheme of development now, there’s no reason why people can’t have all that technology today, and looking ahead, it kind of jogs your imagination to say what is the technology that people are going to have in their homes 10 years from now. Are we even going to have finishes anymore, or is it just going to be all a virtual world so everybody can hunt for Pokémon?

AVENUE: Do views drive sales? And how do they affect the price?

SIMON: I started in this business in the late ’80s and early ’90s, and when you think back on what condos used to be: developers finish the units, owners would come in, hire their designers, rip everything out: You don’t really see that anymore.…The bar keeps getting raised. People want more and more high-end, and the developers are more tied into that, and they are meeting the demands of what people want today.

NAFTALI: How it affects the price? I mean, just look at what was sold in the 57th Street

WITKOFF: I agree with everything that was said, but I think you were also asking

PEEBLES: Millennials differentiate themselves from older generations by prioritizing work-life balance and interactive spaces more than physical comfort and convenience.

72 | AVENUE MAGAZINE • SEPTEMBER 2016

PEEBLES: I agree with Steve to a large degree. A significant threat to our business is the same threat to our residents; politics.

The inability to agree and implement the most non-controversial issues such as financial

“QUALITY ALWAYS ENDURES, ESPECIALLY IN TIMES OF MARKET UNCERTAINTY OR DECLINE.”—DON PEEBLES AVENUE: Take a look ahead and tell us about developments you see coming, whether they’ll be in amenities, or the political scene. You can be as wild and fantastic as you want to be.

is here to stay. In our Manhattan View project we have a 600-square-foot alcove studio—it’s up on the 51st floor, it’s got great views, and it comes with amazing amenities in the building. ...We think millennials are excited about these amenity spaces because they’re an extension of their personal living space. We’ve also taken a page out of the micro-unit playbook to recommend flexible furniture pieces that really maximize space, but in ways that feel luxurious. Six hundred square feet becomes a space where you can have an office, entertain friends and also sleep four adults.

what, as developers, we are concerned about.

So the only thing I really ever get concerned about… is the state and the environment of the city. I think about that all the time. I think about 421a discrepancies between politicians, taxing policy and quality-of-life issues. I believe jobs and affordable housing are critical. The point is, we need New York to remain a great city, and by that I mean a great city for everybody.

incentives for developers of affordable housing. Further, the threat of new and additional taxes on nonresidents and wealthy individuals will have a chilling demand for condos and everything else. The ever growing anti-business environment will force businesses and entrepreneurs to leave the city and take jobs and money with them.

In my opinion, the single biggest threat is the ever growing economic disparity confronting our minority citizens, who by the way comprise the majority population of our city. Our industry must lead by example by being more aggressive in providing equal access to economic opportunity as the status quo is not sustainable. ✦

Jeffrey Dvorett

FLY I NG PO I NT OCE A N F R ON T • WA T E R MI L L S O U TH $11,995,000 l 1± Acre l Room for 5,000± sf House + Pool l Existing Renovated 3 Bedroom Cottage l Dunetop Deck l WEB# 35197

MARY ANN CINELLI I 631.537.4347 l mcinelli@bhshamptons.com

NEW IN HISTORIC SAG HARBOR VILLAGE

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$2,895,000 l Completely Rebuilt l 4 Bedrooms l Outbuilding with Bath l Pool l WEB# 53945

$3,750,000 l 2,000± sf l 4 Bedrooms l 3 Baths l Free Form Pool l WEB# 54695

KIMBERLY KAKERBECK

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l 631.537.4351 l kkakerbeck@bhshamptons.com

l 631.537.4346 l jbabcook@bhshamptons.com

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l 631.267.7122 l sesposito@bhshamptons.com

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. Brown Harris Stevens of the Hamptons, LLC. 27 Main Street • East Hampton, NY 11937 • 631.324.6400

AM0916_AD_BHS Hamptons_r1.indd 1

17/8/16 9:32

ASK HALL F. WILLKIE

A moment with one of the city’s top real estate experts . . .

ABSORPTION HIGHLIGHTS

The absorption rate* for Manhattan apartments fell to 5.3 months in July, yet it remains 21 percent higher than a year ago. Historically, an absorption rate between 6–9 months indicates a balanced market.

Co-ops have seen their absorption rise faster than condos over the past year.

With just a 4.4-month supply of apartments for sale, the West Side and Upper Manhattan are Manhattan’s tightest markets. ✦ *The Absorption Rate measures how many months it would take to sell all active listings in a given market.

Hall F. Willkie, President, Brown Harris Stevens Residential Sales, 212.906.9203 or hwillkie@bhsusa.com

FRANCIS HILLS

“Co-ops have seen their absorption rise faster than condos over the past year.”

74 | AVENUE MAGAZINE • SEPTEMBER 2016

Danielle Grossenbacher

David E. Kornmeier

LIFE AT THE TOP OF NEW YORK

150 CHARLES MASTERPIECE

TRIPLE MINT PH ON PARK AVENUE

Upper East Side. 7BR. 8 BATH. $78M. WEB# 13866243.

Kathleen M. Sloane 212-906-9258

West Village. Virtually Staged. 4BR. 3.5 BATH. $35M. WEB# 14627227.

Richard Ziegelasch 212-452-6274

E. 74th/Park Avenue. 4BR. 4.5 BATH. $26.9M. WEB# 14820031.

John Burger 212-906-9274

EXQUISITELY RENOVATED TH

MINT TOWNHOUSE OFF PARK AVE

GRAND PENTHOUSE HOME ON RSB

East 70s/Park. 5BR. 8 BATH. $22M. WEB# 14825258.

Paula Del Nunzio 212-906-9207

East 60s/Park-Lex. 7BR. 6.5 BATH. $19.95M. WEB# 14575707.

Lauren Elizabeth Bankart 212-588-5698

Upper West Side. 6BR. 8.5 BATH. $19.95M. WEB# 14893365.

Lisa K. Lippman 212-588-5606 Gerard S. Moore 212-588-5608

NEW 3BR CONDO W/ 2 TERRACES

SPRAWLING 10 ROOM ON PARK AVE

VIEWS, LIGHT, LOCATION, CONDO

West Village. 3BR. 3.5 BATH. $11.995M. WEB# 15229177.

David E. Kornmeier 212-588-5642

Carnegie Hill. 4BR. 4 BATH. $5.7M. WEB# 13524154.

Edith F. Tuckerman 212-906-9228 Katharine F. Tuckerman 212-906-9222

Upper West Side. 3BR. 3 BATH. $4.5M. WEB# 14800562.

Leslie J.W. Singer 212-588-5675 John Venekamp 212-588-5619

SPECTACULAR HOME WITH VIEWS

GREAT VALUE AT MANHATTAN HOUSE

SPECTACULAR PW CONDO ON PARK

Sutton/58th. 2BR. 2.5 BATH. $3.975M. WEB# 14196205.

Jessica G. Ushan 212-906-9325

200 East 66th. 2BR. 2 BATH. $2.825M. WEB# 15229335.

Ana Atencio de Arnal 212-452-6268 John R. Edwards 212-906-9252

Upper East Side. 3BR. 2.5 BATH. $2.85M. WEB# 15155426.

Daniella G. Schlisser 212-906-9348 Matthew D. Hughes 212-906-9351

Jane Cannon

Kathy Tsao

Lisa K. Lippman

Michael O’Connor

Nadine Adamson

Natalie Rabaa

Siim M. Hanja

Vince Mauro

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.

AM0916_AD_BHS LIstings_r2.indd 1

18/8/16 10:02

Properties of the Month A selection of exquisite residences

The Corcoran Group STYLE, SUBSTANCE & NATURAL BEAUTY Bridgehampton. Custom designed by international acclaimed architect Heather Faulding and masterly built by the renowned Telemark builders, this striking 4-bedroom, 3-bath modern home is sited beautifully in the bucolic farmland of Water Mill. Exclusive. $2,899,000. Web# 24477. Contact Peter Huffine @ 917.929.3901 or Frederick Wallenmaier @ 631.316.3602.

Saunders & Associates 2016 HAMPTON DESIGNER SHOWHOUSE This magnificent 10,200-square-foot construction on 3 acres towers over 135 acres of reserve. High ceilings, a glass-wall system and transom windows contribute to a sense of light and volume. From the moment you enter the gunmetal and glass front door, modern edges will impress, including a 2.5-story entry with floating stairs and glass rails. Uniquely, the home features 1st- and 2nd-floor master suites, with attached offices, among its 8 bedrooms. Other features include an elevator, theater, gym, wine cellar, 45’ pool, hot tub, sunbed, and tennis. $5.3 million. Contact Frank Bodenchak @ 917.968.9020.

The Urban Townhome Collection LUXURY LIVING IN TORONTO The Urban Townhome Collection is comprised of 19 unique layouts that anchor U Condominiums’ two sold-out high-rise towers. These Pemberton-built townhomes are just steps from Bloor-Yorkville and Toronto’s finest shopping and dining, and Canadian cultural amenities are within walking distance. Each home has its own garage, a private elevator and a street-level front door entry with a camera that can be viewed either by the resident or the concierge housed within the towers’ three-story central lobby. $2.2 million to over $3 million. Contact Mariana Durcikova @ 416.928.9998.

Brown Harris Stevens RARE WATERFRONT OPPORTUNITY Exceptional waterfront opportunity on coveted Bluff Point Road, a quiet cul-desac in Sag Harbor Village. The 0.42-acre property offers expansive water views and bay vistas, a deepwater dock, sandy beach and 110+ feet of bulkheaded frontage on Upper Sag Harbor Cove. There is an existing 2-bedroom cottage and ample room for a luxe new home and waterside pool, $3,195,000. Web# 55630. Contact Christopher J. Burnside @ 631.537.4320

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INTERNATIONAL CONNECTIONS. L O C A L I N S IG HT S .

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

THE BAKWIN TOWNHOUSE | $22,000,000 Approximately 9,000 sq. ft. | WEB: 00110605 Louise C. Beit, 212.606.7703

WEST VILLAGE ARTHOUSE | $14,500,000 Approximately 6,700 sq. ft. | WEB: 00110478 Martine D. Capdevielle, 212.400.8702 Vannessa A. Kaufman, 212.606.7639

737 PARK AVENUE, APT 17E | $13,590,000 7 RM/4 BR/5 BA | WEB: 00110451 Juliette R. Janssens, 212.606.7670 Allison B. Koffman, 212.606.7688

115 CENTRAL PARK WEST, APT 12E | $9,250,000 7 RM/3 BR/4 BA | WEB: 00110770 Cathy Taub, 212.606.7772

1010 FIFTH AVENUE, APT 11C | $5,900,000 7 RM/4 BR/3 BA | WEB: 00110368 Sheila Ellis, 212.606.7691 Patricia A. Wheatley, 212.606.7613

336 CENTRAL PARK WEST, PH17D | $2,995,000 1 BR/1 BA | WEB: 00110893 Rebecca Cavallaro, 212.606.7641 Kristi Ambrosetti, 212.606.7702

2000 BROADWAY, APT 23B | $2,750,000 4 RM/2 BR/2 BA | WEB: 00110884 Hideko Horiguchi, 212.606.7674

THE ROYAL CARNEGIE | $2,550,000 5 RM/3 BR/3 BA | WEB: 00110934 Vannessa A. Kaufman, 212.606.7639

28 EAST 10TH STREET, APT 1K | $1,650,000 3 RM/1 BR/1 BA | WEB: 00110842 Cortnee B. Glasser, 212.606.7648

EAST SIDE MANHATTAN BROKERAGE 38 East 61st Street, NY, NY 10065 | +1.212.606.7660 sothebyshomes.com/nyc sothebyshomesny

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Real Estate & Finance Real Talk

Dan Flanigan is manager of the New York office of POLSINELLI—a national Am Law 100 firm—and chair of the firm’s 180-lawyer real estate and financial services department. AVENUE chats with him about NYC lending and finance trends, what makes a practice strong, and more.

How did you become interested in real estate? My father-in-law was a

How does your firm stand out from the many others in the city?

real estate developer and got into a lot of difficulty in a recession decades back.

We don’t quite “stand out” yet, but we will. Our New York office is part of a very

I wasn’t a lawyer then, but that’s what gave me an understanding, from the

strong national chain—we have 800 lawyers and 19 offices in almost every place

business point of view, of many of the aspects of real estate and its challenges. So

you’d want to be. We’ve been really well-grounded in New York real estate and

when I became a lawyer, I ended up gravitating exactly to what I’d been so close

finance for many years, and we are currently expanding in New York beyond those

to with him: not just transactions, but finance, distress and bankruptcy as well.

core strengths. I think we’ll be especially attractive to clients who both are rooted

What are some important lending trends that you’ve been seeing in New York? There are too many luxury units being built for the demand.

While lenders have shied away from for-sale condominiums, somewhat disguised is the fact that there are also too many rental units at the luxury level—but not enough rentals that are truly affordable for everyone, including middle-income groups.

Still, New York is in really good shape globally and nationally and should continue to be, relatively speaking, but with some bounciness along the way.

in New York and who look beyond the Hudson. We also bring a special value

“Our New York office is part of a very strong national chain—we have 800 lawyers and 19 offices in almost every place you’d want to be.”

What’s the best real estate-related decision that you’ve personally made? It was in real estate finance. In 1997, I invested with a small

proposition: we don’t think high quality is measured by stratospheric billing rates.

How do you see the firm growing? We’ll continue to expand our real estate and finance practices. We’ve developed a strong, vertically and horizontally integrated financial services practice that includes the whole range of what financial institutions

do—from

regulatory,

origination,

servicing and administration, to loan enforcement, litigation, bankruptcy and restructuring.

Also very important is our intellectual property

practice, especially patent and trademark. Nationally, we’ve been named one of the intellectual property litigation “powerhouses.” We just acquired

group of banker clients in a high-risk startup commercial mortgage-backed

44 lawyers from another national firm completely dedicated to IP, and we’ll

securities (CMBS) operation. It was a small act of faith that those clients

be adding even more to our team. And with New York’s booming high-tech

profoundly appreciated—nobody made money out of that investment—but a lot

sector, our strong startup and private equity practices are important areas of

of good things followed from it, including a national real estate finance practice

development, too. ✦

and a New York office.

600 Third Avenue, 42nd Floor 78 | AVENUE MAGAZINE • SEPTEMBER 2016

◆

POLSINELLI New York, NY 10016 ◆ 212.684.0199

◆

dflanigan@polsinelli.com

◆

polsinelli.com

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Eye for Design AVENUE speaks with the principal of Interiors by Erik R. Galiana about residential design and his recent project on 930 Fifth Ave

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Upper East Side apartment at 930 Fifth Avenue for a family from London whom he worked with while designing their previous pied–à–terre in New York.“It can be really overwhelming for a client to design a home, but what’s important to us is guiding them through the process and making it more enjoyable. The goal is to end up with a space that is going to stay classic for a long time,” said Galiana. The apartment consists of one bedroom, two bathrooms, living room and kitchen. Plus, there’s a den, which includes a sofa bed, built-in bookcases, a desk and a TV—perfect for the client’s children, who stay at the apartment occasionally while attending college at Yale and Columbia.

One of the challenges indeed was reusing most of the same furniture from the previous apartment and making it work in the new setting, but with Galiana’s skill, the finished space looks ever so tasteful that you’d likely think the pieces were chosen purposely. “The most rewarding part of my job is creating beautiful homes for people.

I love when a client says to me—and I’ve been fortunate to hear this before—‘every time I walk down the stairs in the morning and look at where I live, I can’t believe it.’

That’s what I’m going for.” ✦ 80 | AVENUE MAGAZINE • SEPTEMBER 2016

INTERIORS BY ERIK R. GALIANA 319 Lafayette Street, No. 190 ◆ New York, NY 10012 212.271.0196 ◆ info@erikgaliana.com ◆ erikgaliana.com

PHOTOGRAPHY BY ILIR RIZAJ

ood things come to those who party. This has proven true for Erik Galiana, interior designer and owner of his namesake firm, which specializes in beautifying luxury properties across the globe. It all started 17 years ago, when Galiana moved back to New York after living in Miami for a while and threw a housewarming party at his apartment. After spending time decking out the space with the most elegant touches, about 100 people showed up at his door.

Turns out, that very evening ignited his career in the field of interior design, with three job offers from guests. Today, his clients range from well-known personalities to real estate developers, sports figures and more. “It wasn’t my intention to get work out of the party; it just happened, and has been a career since then. I went back to school a couple of years later to reeducate myself,” said Galiana, who was working strictly on talent for the first two years.

And what did those three jobs entail? “One client wanted to redesign a bedroom and another needed help with a restaurant. I ended up doing a project for the third client in Chicago,” he said. Recently, Galiana and his team completed a project at an

SERENA BOARDMAN

Representing New York’s Most Distinctive and Sought After Properties

PIERRE HOTEL PERFECTION $70,000,000 | WEB: 0019018

16 EAST 69TH STREET, TOWNHOUSE $55,000,000 | WEB: 00110750

20 EAST 78TH STREET, TOWNHOUSE $38,000,000 | WEB: 00110720

FULL FLOOR AT 2 EAST 67TH STREET $35,000,000 | WEB: 00110442

740 PARK AVENUE $32,500,000 | WEB: 0019601

COVETED D-LINE AT 15 CENTRAL PARK WEST $29,000,000 | WEB: 00110830

34 EAST 74TH STREET, TOWNHOUSE $21,900,000 | WEB: 00110712

171 WEST 57TH STREET, PENTHOUSE $18,500,000 | WEB: 00110392

HIGH FLOOR AT 4 EAST 72ND STREET $17,500,000 | WEB: 00110738

200 EAST 69TH STREET, PENTHOUSE C $10,200,000 | WEB: 00110606

FULL FLOOR AT 778 PARK AVENUE $9,995,000 | WEB: 00110473

FULL FLOOR AT 857 FIFTH AVENUE $7,500,000 | WEB: 00110488

SERENA BOARDMAN

Senior Global Real Estate Advisor, Associate Broker 212.606.7611 | serena.boardman@sothebyshomes.com

EAST SIDE MANHATTAN BROKERAGE 38 East 61st Street, NY, NY 10065 | sothebyshomes.com/nyc Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal Housing Opportunity.

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LUXURY HOMES

Select Multi-Million Dollar Residences

LUXURY HOMES

Dana Power TOWN Residential

TOWN RESIDENTIAL 110 Fifth Avenue, 6th Floor New York, NY 10011 646.998.7437 dpower@townresidential.com townresidential.com 129 Lafayette Street, Penthouse A

224 West 18th Street, Penthouse B

An expert on penthouses, new developments and other luxury homes, Dana Power has earned a record as a top-selling broker in New York’s high-end market.

Known for her perfectionist work ethic and exceptional customer service, Dana offers an unmatched ability to help people find their dream home or investment property.

1 2 9 LA FAYET TE STREET, PENTH O USE A Enjoy downtown living at its finest in this SoHo duplex full-service penthouse with a spacious 2,500-square-foot terrace. Four exposures of light-filled ambience, modern architectural details and 4,660 square feet of gracious indoor living space make this luxurious home one of a kind. 4BR / 3.5BA— $18.75 million

250 West Street, 4B

2 2 4 WEST 18TH STREET, PENTHOU SE B This expansive duplex penthouse located in the heart of Chelsea with 2 private terraces is an entertainer’s dream. The 3-bedroom, 3.5-bath home boasts nearly 4,600 square feet of interior living space and 1,350 square feet of exterior space over two stories. The home features high ceilings with spectacular light and newly finished hardwood floors throughout. 3BR / 3.5BA—$11.995 million

2 5 0 WEST STREET, 4B This loft-like Tribeca condo features custom finishes, all set in a waterfront location at a highly sought-after location. The perfect combination of modern luxury and sleek minimalism, no detail has been overlooked in this renovated 2,317-square-foot, 2-bedroom with home office/den, 2.5-bath stunner. 2BR / 2.5BA—$5.45 million 84 | AVENUE MAGAZINE • SEPTEMBER 2016

Douglas Elliman Real Estate

DOUGLAS ELLIMAN REAL ESTATE 70 Jobs Lane Southampton, NY 11968 631.204.2720 maryanne.horwath@elliman.com douglaselliman.com An earlier career in the fashion world brought Maryanne to the capitals of Europe, where she worked as a model and mastered the art of classic French cuisine.

But it was the lifestyle, vast ocean beaches and the Hamptons’ wonderful sense of community that sparked her passion to live and work there as a realtor.

H A MPTONS BA RN-STYLE HOME Southampton | $5,450,000 | This estate is built on 6.6 acres and has 5 bedrooms and 6.5 baths, plus 3 separate heated and air-conditioned structures: a 5,300+/- sf main house, a 240+/- sf pool house that is finished with a full bath and shower, and a 900+/- sf recreational pavilion with full bath and shower. Elliman.com/H48578

NEW TO TH E MARKET— OVER A N ACRE NEAR O C EAN Southampton | $4,950,000 | This 5-bedroom, 5.5-bath Traditional, currently 4,200 sf, has a heated pool plus room to grow and room for tennis. Near Flying Point Beach, an easy location for going into the village.

Fabulous trees offer privacy and are well sited on a square lot with circular driveway.

Elliman.com/H31539

H ISTO RIC ESTATE O N SEA SCAPE Sagaponack | $6,950,000 | Across from a 30-acre reserve, this home retains all the charm of old Sagaponack. The living room has beamed cathedral 14-ft ceilings and a wood-burning fireplace. The 5,112 sf house is set on lush .924 acres. Web# H37178 SEPTEMBER 2016 • AVENUE MAGAZINE | 85

LUXURY HOMES

Maryanne Horwath

LUXURY HOMES

Jeremy Swillinger Level Group

The Dirt

LEVEL GROUP 370 Lexington Avenue, 24th Fl New York, NY 10017 646.423.8168 jswillinger@levelgroup.com levelgroup.com

Jeremy Swillinger is a top real estate agent with Level Group, one of New York’s leading real estate brokerage firms. He has very high standards and these standards get transmitted to every deal that he handles, regardless of the price. It’s his high standard that he provides to his client base. In the end, his focus is to obtain the best price with the most attractive terms. To be able to advocate for a client, help them make a wise decision, and be an influence at those key moments, is the reason he loves being a real estate agent!

T R IP L E M I N T C O N D O O N T H E UES Elegance and sophistication. Two words that completely define Apt. 14AB, a 3-bedroom, 2.5 bathroom residence at one of New York City’s most coveted buildings, The Chambord Condominium.

Featuring a flowing open space, wall-to-wall windows, a library and study, this home—ideal for either a family or as a pied-à-terre— was designed by Michael Rosenberg & Associates, one of the nation’s top interior designers. Other highlights include marble-clad bathrooms, a master bedroom suite with a separate dressing room, and a living room featuring Juliet balconies and open city views.

350 East 72nd Street, #14AB $5,995,000 Condominium, 3 Bedrooms, 2.5 Bathrooms, Library, Den 86 | AVENUE MAGAZINE • SEPTEMBER 2016

Andrea Ackerman, Hamptons luxury real estate specialist for 33 years, former partner and manager at Brown Harris Stevens, and now currently an associate broker with BHS—the exclusive Christie’s International Real Estate Affiliate on the East End—reports on what’s new in the Hamptons

I

n my last column, we discussed the newest eateries on the East End (I hope you sampled at least a few of them), but the preliminary report for the first half of 2016 is in, so now it is back to business. While the general takeaway is that the Hamptons real estate market is still slowing, there is some good news behind all the numbers. The first quarter of 2016 turned out not to have been as gloomy as initially reported in the press. There were 492 home sales in the Hamptons in the first quarter, down 7.9 percent from 2015, and a total dollar volume of $958,076,424—just shy of $1 billion!—which was down only 1.6 percent from the same time last year.

In the first half of the year, nearly every market area saw a decline in sales, but the breakaway star was Shelter Island. The traditionally quiet oasis nestled between the two forks saw a very dramatic 47 percent increase in sales. Those ferry lines just might be getting a bit longer this year.

Overall, there seems to be a shift from a seller’s market to a buyer’s market. With so much inventory, prices are beginning to come down. So listen up—money is cheap and there is real opportunity out there, with plenty of time to enjoy the glorious Hamptons autumn. Begin looking for your dream house! ✦

BROWN HARRIS STEVENS OF THE HAMPTONS, LLC 2408 Main Street ◆ Bridgehampton, NY 11932 516.356.0900 ◆ aackerman@bhshamptons.com

Houses in Town and Country

(Clockwise from upper left) Cove Hollow Farm Road, East Hampton: Premium quality 5-bedroom, 6-bath residence set upon three private acres with 408 feet on Georgica Pond in the heart of the East Hampton estate section. Offered at $19,750,000 Murray Place, Southampton: Renowned estate within the historic Murray compound.

French château-style residence with over 200 ft. of direct oceanfront, lovingly built to maximize the stunning views.

Price Upon Request 3 Riverside Drive: A vestige of gilded age magnificence, this perfectly preserved 11,000 sq.ft.

French Renaissance Revival mansion has been updated with every modern convenience. Offered at $19,950,000 224 West 22nd Street: Brilliantly envisioned by ODA Architecture to maximize light and space, this 5-bedroom residence on Chelsea’s Townhouse Row is a stunning modern take on a classic townhouse.

Offered at $8,995,000 Howard Morrel Team 212-956-4823.

Engel & Völkers New York City 430 Park Avenue · New York · NY 10022 · USA Phone +1-212-956-4823 · HowardMorrelTeam@evusa.com · nyc.evusa.com

©2016 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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NEW LUXURY ESTATE WITH HORSE FARM VIEWS • BRIDGEHAMPTON

T

$9,950,000 l 1.8± Acres l 8,100± sf l Eric Woodward, Architect l 8 Bedrooms l Paneled Elevator l 50’ Gunite Pool l Poolhouse l Tennis l WEB# 52200

$

CLASSIC BRIDGEHAMPTON SOUTH HOME

GRAND WATER MILL ESTATE ON 4.8 ACRES

N

$5,995,000 l 1.5± Acres l Renovated Farmhouse l 5,000± sf l 5 Bedrooms

$5,995,000 l 4.8± Acres l 6 Bedrooms l 8.5 Baths l 5 Fireplaces l 6,500± sf

$

6.5 Baths l Heated Gunite Pool l Room for Tennis l WEB# 39034

Heated Gunite Pool l Sunken Tennis l WEB# 49703

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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.

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er.

TWO TREES FARM - 65 ACRE EQUESTRIAN ESTATE • BRIDGEHAMPTON $17,995,000 l 65± Acres l World-Class Equestrian Estate l 3 Horse Barns l 2 Indoor Riding Arenas l Staff Quarters l WEB# 51396

NEW CONSTRUCTION • BRIDGEHAMPTON

NEW COUNTRY ESTATE • BRIDGEHAMPTON

$4,295,000 l Farm Views l 1± Acre l 5,558± sf l 5 Bedrooms l 4.5 Baths

$9,450,000 l 1.8± Acres l 11,800± sf on 3 Levels l Fleetwood & McMullan, Architects

Heated Gunite Pool l WEB# 50865

50’ Gunite Pool l Poolhouse with Lower Level l Sunken Tennis l WEB# 52310

Christopher J. Burnside Licensed Associate Real Estate Broker Bridgehampton Brokerage cburnside@bhshamptons.com 631.537.4320 direct l 516-521-6007 cell Equal Housing Opportunity Broker. Brown Harris Stevens of the Hamptons, LLC. 27 Main Street • East Hampton, NY 11937 • 631.324.6400

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financial roundtable

Uncharted Territory In July, just before the two presidential nominating conventions, the Dow was at 18,516 when AVENUE sat down with a group of financial experts to get their take on investment strategies in the present setting. moderated by Julie

AVENUE: What level of caution are you taking? Where do you see opportunities?

TIEDEMANN: At Tiedemann we have a slightly elevated cash position, which is arguably the asset class that has been most repressed by central banks over the past seven or eight years.…The equity assets that we have are of higher quality, meaning larger, better balance sheets and generally better cash-distributing equity assets, and they are more U.S.-centric, focused on the consumer.

MORTIMER: It has been a hated bull market, and we sit here today at this table with the Dow at all-time record highs. I’m not getting any cakes of congratulations in the mail, and I haven’t the whole way up.…Bull markets tend

Barker

■

photographed by Jonathan

to end with froth and giddiness and glee, and this one has never come close to touching any of those. For this reason, I don’t believe we are at the top, but some caution may still be warranted, given that we are at fair value in U.S. equities.

GUERNSEY: You must monitor the opportunity to rebalance in order to keep [client portfolios] within the percentages of your agreed-upon client asset allocation. If you have a run-up in equities, you will move away from say your 60/40 mix (equity/fixed income). Often in managing wealth, investors think the hardest job is to outperform the market. It is equally challenging to manage the risk of portfolios via asset allocation in volatile global markets.

Grassi

AVENUE: Do you see any historical similarities to the times we’re living in now?

MORTIMER: It is always different this time.

But as Twain said, “History doesn’t repeat, but it rhymes.” We are always looking for historical economic and market patterns that are similar to where we find ourselves today.

Some major themes that we see today are easy monetary policy, low interest rates, a fairly valued equity market and low inflation.

Although no historical time matches these themes completely, we can draw on periods like late 2011 to provide some lessons. In that period, European growth was slowing, most global monetary policy was accommodative, inflation remained low, and markets had begun moving up close to fair value. Global equity markets, then, continued to stabilize

Participants RON FIAMMA, Global Head of Private Collections, AIG Private Client Group

PETER “TONY” GUERNSEY JR., Chief Client Advocate, Wilmington Trust Co.

90 | AVENUE MAGAZINE • SEPTEMBER 2016

JEFF MORTIMER,

JOHN VOLTAGGIO,

Director of Investment Strategy, Bank of New York Mellon Wealth Management

Managing Director, Wealth Management, Northern Trust

MIKE TIEDEMANN,

JULIE BARKER writes about business

Chief Investment Officer, Tiedemann Wealth Management

people and their concerns. Her work has appeared in AVENUE, CFO Studio, Connecticut, MidJersey Business, Stamford and Successful Meetings.

before eventually moving higher. While the drivers of markets today are slightly different, we believe that end result could be the same with equity markets, and heading higher over the next couple of years.

VOLTAGGIO: As Jeff said, while there are always some historical similarities to past markets, we’re currently experiencing very unique market and economic conditions.

That said, there are some definitive action steps that we at Northern Trust advise our clients to consider taking during a strong market like the one we are presently in. These steps include rebalancing in a tax-efficient manner, which could include tax-loss harvesting. Also, consider front-loading charitable contributions using long-term appreciated stock. Also, consider “freezing” a successful Grantor Retained Annuity Trust (GRAT).

A GRAT is a technique to move assets outside of a taxpayer’s taxable estate for the benefit of heirs. The current low-interest-rate environment, coupled with a strong market, has resulted in many GRATs outperforming the IRS-prescribed hurdle rate (1.8 percent for the month of July 2016). Taxpayers can solidify or lock in those gains by substituting risk assets in a GRAT with cash or short-term fixed income and then creating a new GRAT funded with those risk assets.

AVENUE: How do taxes factor into all of this?

VOLTAGGIO: Income, gift and estate taxes are a key consideration for taxable investors.

The effectiveness of a financial and investment plan should be looked at on an aftertax basis. Tax-loss harvesting, prudent asset allocation planning, tax-smart charitable giving and proactive wealth transfer planning all play a role in meeting our clients’ goals and objectives.

FIAMMA: On the fine-art side, we see our insurance clients using 1031 exchanges, which is another tax-efficient strategy.

SEPTEMBER 2016 • AVENUE MAGAZINE | 91

financial roundtable VOLTAGGIO: In a 1031 exchange, as Ron said, if, for example, I own an expensive painting that is held for investment, I can potentially defer the realization of capital gain upon sale if I redeploy the proceeds into another like-kind painting in a transaction that meets the criteria of IRC section 1031, potentially deferring millions in capital gain taxes.

FIAMMA: There are insurance considerations before, during and after these transactions, especially if circumstances require someone to temporarily own both items at the same time. Savvy collectors understand the need to protect their investments at every step.

Peter “Tony” Guernsey Jr.

but there is inflation protection offered by some as an offset.

John Voltaggio

AVENUE: What are your clients concerned about? What are you talking to them about?

GUERNSEY: The transfer of vacation homes to family. Are the clients going to leave the homestead to their 3 children, or will they leave it to their 12 grandchildren? A constant conundrum. There’s no right answer to this, other than leaving a house to a lot of relatives rarely works and ensures that the family homestead will ultimately have to be sold. Keep in mind inheriting a major piece of real estate is a liability (of future maintenance), not an asset. To avoid losing the family house, we have seen families set up an endowment for the house. Then they have formed a committee, and appoint their children the role of CEO of expenses and maintenance. Then they rotate the CEO role every three years so every child has a fresh knowledge of how much it costs and the work

it is to keep their [ancestral home] going. We have lost a lot of great old family compounds— in Newport, the Hamptons, Nantucket, Martha’s Vineyard, Fisher’s Island, Block Island, Fire Island—because of poor estate planning. A grandparent or parent’s prefer-

“AS TWAIN SAID, ‘HISTORY DOESN’T REPEAT, BUT IT RHYMES.’ WE ARE ALWAYS LOOKING FOR HISTORICAL ECONOMIC AND MARKET PATTERNS THAT ARE SIMILAR TO WHERE WE FIND OURSELVES TODAY.” —JEFF MORTIMER AVENUE: How would you suggest generating income and yield in a portfolio in a time of historically low interest rates?

TIEDEMANN: Through a variety of assets, which introduce a variety of both opportunities and risk. So, private real estate, master limited partnerships or energy infrastructure, dividend-paying equities—and very specifically, companies that have a history of consistently paying dividends and growing them over time—and closed-end funds that oftentimes trade at a meaningful discount during times of market stress. Within fixed income in a world with higher tax rates, a quality municipal portfolio, and then non-agency mortgages or structured credit.… There are explicit risks to all those,

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Jeff Mortimer

ence to avoid the difficult decision of leaving the heirloom to just one of their children only “kicks the can down the road.” In Wilmington Trust’s experience, not wanting to make a hard decision in the end by leaving the house to many grandchildren ultimately creates great consternation within the family after you are gone.

AVENUE: As an insurer, do you get involved in consulting with people who have these assets?

FIAMMA: If something’s being bequeathed to a museum, to children or to some other entity, there’s always going to be an insurance

SAGAPONACK SOUTH OF DANIEL’S LANE EXCLUSIVE. Judi A. Desiderio, President & Broker 516.445.6491 (c) JD@TownandCountryHamptons.com

$15,900,000 WEB# 14714

AMAGANSETT AWARD WINNING & ALMOST OCEANFRONT CO-EXCLUSIVE. Janice Hummel, Licensed Real Estate Salesperson 631.680.5992 (c) JaniceH@TownandCountryHamptons.com

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SHINNECOCK HILL - BIG SUR OF THE HAMPTONS CO-EXCLUSIVE. Nancy McGann, Licensed Associate Real Estate Broker 516.768.5042 (c) NMcGann@TownandCountryHamptons.com

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17/8/16 10:59

financial roundtable Mike Tiedemann

“THE EFFECTIVENESS OF A FINANCIAL AND INVESTMENT PLAN SHOULD BE LOOKED AT ON AN AFTER-TAX BASIS.” —JOHN VOLTAGGIO who have in their estate plans testamentary bequests to leave assets to charity at the death of both spouses. If the clients make those contributions to charity during life instead, there is an economic benefit in the form of a deduction for income tax purposes.

The lifetime contribution also enables the clients to diversify what may be a concentrated position in a tax-efficient manner. Also, importantly, the clients can see the impact that their contribution has on the charity and the community.

GUERNSEY: A lot was given to us under Obama by moving the lifetime exemption to $5,450,000 per person. One common interest is that just about every investor (besides hedge funds and private equity firms) believes that the carried interest tax rate should go to ordinary tax rates.

Clinton proposes bringing the lifetime gift back to $3.5 million and imposing a 45 percent estate tax. Trump promotes dropping the estate tax entirely. Either way the estate tax is not a big revenue generator, providing less than 1 percent of the annual federal

“PROPERTY AND LIABILITY INSURANCE SHOULD NOT BE AN AFTERTHOUGHT TO A PERSONAL WEALTH MANAGEMENT OR ESTATE PLAN.” —RON FIAMMA component to make sure the asset is protected. We’ve seen an interesting phenomenon where baby boomer children are selling their parents’ collections after inheriting them, and using the proceeds toward valuables they’re more passionate about—for example, replacing the art, heirloom jewelry and silver with vintage automobiles, wine or watches.

This is where it becomes critical to work with a knowledgeable independent insurance advisor. Property and liability insurance should not be an afterthought to a personal wealth management or estate plan. In fact, it should have a proper seat at the table from day one.

AVENUE: What action steps should clients take as the stock market reaches historic highs?

VOLTAGGIO: As noted, one idea is to consider front-loading charitable contributions using long-term appreciated stock. Here at Northern Trust, we see a lot of clients

94 | AVENUE MAGAZINE • SEPTEMBER 2016

MORTIMER: The stock market is a leading economic indicator of the future, and it’s one of the best that we have. When it’s making all-time highs, it should be looked at as a potential signal for better economic times ahead. While the knee-jerk reaction at all-time highs is to reduce equity exposure, clients must consider the impact of capital gains taxes on their portfolios. While it may not be a bad strategy to take some money off the table, don’t think that all-time highs are a free pass to take gains. Many markets continue to perform quite well after taking out all-time highs, forcing clients that did sell to have to make another tough decision… knowing when to get back in.

TIEDEMANN: There are two analyses you have to make before you decide to sell.

One is, what is my after-tax break-even on selling? And the other is, what am I going to do with that capital now? The first answer you get might inform just how attractive the asset you are reinvesting into needs to be prior to selling and incurring the tax gain.

revenue. As a result of fewer changes either way, Wilmington Trust believes we might just have status quo in the near future in the U.S. stock markets. ✦

Ron Fiamma

From under 1 million…

to sky’s the limit.

Live Palm Beach™ —Lawrence Moens

LAWRENCE A. MOENS ASSOCIATES, INC. “Specializing In Palm Beach’s Finest Residential Properties.”

245 Sunrise Avenue Palm Beach, Florida 33480 (561) 655-5510 F: (561) 655-6744

www.moensrealestate.com

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17/8/16 10:55

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TurriNYC:

Italian luxury furniture where the details matter The New York arm of the fourth-generation Italian luxury furniture company has just opened its doors and is available online as well.

TurriNYC proprietor Gleb Belyaev addresses the facts:

What kinds of furniture is Turri known for?

Styles range from classical to contemporary, and there are a host of customization options. Whether you’re looking for a sleek leather sofa or a beautifully carved chest of drawers with inlaid veneers, Turri has the answer.

Its team of skilled artisans in Como, Italy, has been “building” luxury in many shapes and forms since 1925.

How can you tell quality in furniture?

First, the integrity of the design is important, and the quality of the materials.

Turri’s designs are original, authentic and unique, and it uses only the finest materials. Heirloom-quality craftsmanship reveals itself in the handcrafted details for which Turri is known the world over—hand cutting and sewing, hand carving, hand finishing and hand decoration.

Will Turri furniture stand the test of time?

It is designed to last through the generations. Some of the pieces look like antiques, but leather linings, smooth, quiet drawer glides and other innovations add modern convenience. “God is in the details,” said another furniture great, Ludwig Mies van der Rohe. At Turri, we couldn’t agree more.✦

TURRINYC Suite 136 ◆ New York, NY 10038 By appointment To set up an appointment or to purchase, visit turrinyc.com, moow-design.studio@gmail.com, 917.941.1408.

139 Fulton Street

◆

96 | AVENUE MAGAZINE • SEPTEMBER 2016

New York / Berkshires / California 212 274 0074 www.lhevents.com

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8/19/16 1:30 PM

Love the Skin You’re In A conversation with Dr. Debra Wattenberg and Dr. Ilyse Lefkowicz of NY Skin RX

L

ocated on the Upper East Side, NY Skin RX is a haven for comprehensive medical skin care and cosmetic expertise founded by Dr. Debra Wattenberg. Here, in the practice that Dr. Wattenberg shares with her associate, Dr. Ilyse Lefkowicz, NY Skin RX provides treatments for patients of all ages.

Highly trained and board certified, each doctor has dedicated years to studying the fine art and science of dermatology. Here, the dynamic duo share their thoughts on all things skin-related.

Are people seeking to have cosmetic procedures done at an earlier age? Younger patients are definitely more interested in taking care of their skin and preventing the signs of aging. Certainly, there are some patients who require procedures at an early age, but the majority of our younger patients really benefit from education, preventative skin care regimens and noninvasive procedures to help them maintain their youthful appearance. The key to a great complexion starts by addressing the skin’s texture, color and tone, as well as any acne issues and the early signs of sun damage. We start with a personalized topical routine including retinoids, antioxidants and chemical exfoliators. We know that preventing signs of aging, like brown spots and wrinkles, is easier than eliminating them. A few of our favorite noninvasive procedures for younger patients are “baby Fraxel” (Clear + Brilliant), which requires little to no downtime, as well as chemical peels and intense pulsed light therapy.

What is the first thing you tell people who come to you seeking cosmetic advisory? The key to looking good is recognizing the deep connection between your health and your skin. Having great skin means taking care of your body. We all know that engaging in healthy living includes hydration and healthy eating, but we now know that a reduction in refined sugars can actually slow down premature aging. Before seeking in-office procedures, we encourage a commitment to lifestyle change, including avoiding smoking and the sun. While we are fortunate to have several in office “quick fixes,” like chemical peels, microdermabrasion, Botox and fillers, we really

NY SKIN RX 98 | AVENUE MAGAZINE • SEPTEMBER 2016

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Dr. Debra Wattenberg and Dr. Ilyse Lefkowicz

“The key to a great complexion starts by addressing the skin’s texture, color and tone, as well as any acne issues and the early signs of sun damage.” encourage our patients to commit to lifestyle changes, that will complement and enhance any procedures performed in the office.

How has your practice recently changed? We have recently seen a major shift in demographics.

Men are paying a lot more attention to their skin and appearance than ever before. Whether it’s due to a fiercely competitive workforce, keeping up with their

significant others or pressure from the importance placed on social media and an online presence, men have certainly joined the race in search for the fountain of youth. They have become more aware of their aging selves and are thus seeking procedures including injectables with toxins, fillers and volumizers; laser resurfacing; and body contouring.

Are there any new and exciting procedures in your office? We are so excited to be one of the few practices with SculpSure, a new, noninvasive body contouring device that gets rid of extra fat by heating up the fat cells! We have personally tried almost every device available for noninvasive fat removal, and this is the first one that truly impressed us. The results are amazing, and the treatment only takes 25 minutes. Other devices we tried either didn’t work, gave uneven results or were incredibly painful. And if we can’t handle it, we don’t expect our patients to! We have seen amazing results with love handles, belly fat, bra fat, and inner/ outer thighs and arms. ✦

DEBRA WATTENBERG, M.D., & ILYSE LEFKOWICZ, M.D. 875 Fifth Avenue ◆ New York, NY 10065 ◆ 212.288.3200 ◆ nyskinrx.com

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Shaunagh M. Byrne | Licensed Associate Real Estate Broker | m: 516.729.1713 | sbyrne@corcoran.com

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18/8/16 9:40

A New Tradition on the Upper East Side Extell’s new condo building The Kent is about to redefine luxury living

I

n conceptualizing The Kent, an Upper East Side luxury condominium building opening in 2017, every single detail has been thought through by the team at Extell Development Company. Located on the corner of 95th Street and Third Avenue, The Kent, designed by renowned architecture firm Beyer Blinder Belle, will not only anchor the neighborhood with an architecturally striking building that pays homage to some of New York City’s Art Deco structures from the 1920s, but the interiors from acclaimed interior design firm Champalimaud will echo the classic elegance and grandeur of the neighborhood. And there’s more in store for owners of this collection of 83 grand condominium residences. These fine homes, with prices staring at $2,450,000, are complemented by three levels of curated indoor and outdoor amenities. Read on as J.P. Forbes, sales director at The Kent, tells us more about what makes this building so unique.

There’s so much that makes The Kent so special. Can you tell us more?

Forbes: The generous layouts of the residences were thoughtfully constructed and feature 10-foot ceilings and oversized 8-by-8 windows. There’s also the option to customize and personalize your home with three different selections for materials and finishes. When you walk into an Extell building, it’s immediately evident that the quality is top-notch, from the design to the construction.

How will the Kent raise the bar for Upper East Side living?

Forbes: The Kent will deliver homes that mirror Park Avenue residences, with a modern update that represents what luxury living looks like today. Residents will enjoy gracious living and entertaining spaces, as well as generously sized kitchens and bathrooms.

There are also a select number of residences that feature private terraces. It’s very rare to find four- or five-bedroom homes with outdoor space, but we have them at The Kent. From the outside, the building looks very stately in its design, but inside there’s an intimacy about it.

Gleb Belyaev

The amenities are incredible, too.

Forbes: The Kent’s amenities are unlike anything else in the area.

Alongside the staple amenities that savvy buyers have come to expect, like the pool, dog grooming stations and bike storage, Extell took it a step further. From the ultraconvenient stroller valet to the indoor/outdoor Camp Kent to the Lenny Kravitz–designed Sound Lounge multimedia room, parents, kids and teens have everything they need. The Sound Lounge is unlike anything else in New York City. With professional quality amplifiers, guitars, drum set and piano, residents will have a rare opportunity to play and practice music in their own building. It also serves as a screening room for movie watching. The drawing room on the main floor features a fireplace and marble-top bar and is a cozy, private place to relax. The third-floor garden salon will include a billiards table and full catering kitchen, all overlooking a beautifully landscaped courtyard. It’s these thoughtful amenities alongside the forward-thinking design that makes The Kent the premier new development on the Upper East Side. ✦ For more details, visit the sales gallery at 1450 Lexington Avenue, 212.922.9595; www.TheKentNYC.com

100 | AVENUE MAGAZINE • SEPTEMBER 2016

Underwritten

by Rolex

Tuesday, October 25, 2016 Cipriani 42nd Street, New York City Join PRINCESS YASMIN AGA KHAN General Chair and Founder

KARYN KORNFELD Gala Chair

MARK LOCKS Gala Vice Chair

in honoring...

Rita Hayworth Award Honoree

BILL BRAND President, HSN

Champion Award Honoree

BRENDAN SHANAHAN

President and Alternate Governor, Toronto Maple Leafs

For more information and to purchase tickets, please visit alz.org/galas/ny or call 914-231-6180.

The Rita Hayworth Gala supports the research, care and education programs provided by the Alzheimer’s Association.

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S U C C ES S STOR Y

W

hen Eddie Shapiro was 18, he left Israel and arrived in New York City with plans to follow a music career. “I had a job and a room to rent within the first week,” he says. “While pursuing music, I also had day gigs, one of which led me to real estate.”

For Shapiro, those early days were all about survival. “Maybe being alone in a foreign country gave me a stronger drive, or maybe it was just that I was a little more aggressive and shrewd,” he says. “I’m not exactly sure why, but real estate clicked right away.” In the decades since, Shapiro has ventured into building, investing, commercial, residential, technology, marketing— every single facet of the real estate business. “I can work in any role at any time,” he says. “I’ve had to learn it all and build it brick by brick. I’m very proud of that in particular. Tell me it can’t be done and I’ll show you how it can and how I’ve done it once before. I love this business. I will probably continue with it until the end of my life.”

MANHATTAN IS BOOMING Shapiro is also certain that Manhattan’s real estate market is as strong as ever, despite some uncertainty during this election year. “There’s also been some over-the-top hype in some media coverage regarding market velocity, which makes people more cautious and calculated,” he says. “Prices are holding steady on properly priced property, and units between $1 million to $3 million are flying off the shelves as usual.”

And, despite concerns over the number of projects under construction, Shapiro is sure that the market will continue to prosper: “I’m very confident that while we have experienced booming years, it doesn’t mean that this time the market can’t sustain and continue to prosper.”

In the end, with continuous turmoil in every corner of the globe, the Manhattan market remains strong. “New York City real estate has never been more stable, safe for investment or as in demand as it is now,” he says.

THE BEST IS YET TO COME Nest Seekers International’s CEO, Eddie Shapiro, talks optimism with today’s luxury market

102 | AVENUE MAGAZINE • SEPTEMBER 2016

EXPECT TO SEE NEST SEEKERS IN EVERY MARKET From the start, Nest Seekers grew organically, Shapiro says.

“Our business wasn’t built from investors/other people’s money or from acquisitions,” he says. “It started with me in a small office working as a programmer. It then transformed into what is now a leader in five markets.” Nest Seekers currently has a significant market share not only in New York, but also in the Hamptons, Los Angeles, South Florida and New Jersey. The company also has a satellite team in London and affiliates all over the world.

“We have the coolest and most genuine reality and media superstar brokers,” he says. “Ryan Serhant, whose team is an entity of its own, helped carry our brand to every corner of the globe. He is homegrown at Nest Seekers—just like everyone and everything else here.” In the end, clients and agents are treated like family. “We treat our customers like they’re the most important in the world,” he says. “We invest in everyone’s success.” Moving forward, expect to watch as Nest Seekers acquires even more market share.

“We’ll be investing in every key market and destination in the world,” Shapiro says. “It has only been 15 years and we have so many aspirations. We aren’t planning to ever sell. We’ll only grow or buy. The best is yet to come.” For more information, email eddies@nestseekers.com or call 646.443.3700. ✦

“May the force be with you ...

At a Larry Party”

LARRY Lawrence Scott Events Ltd.

516-933-7535 www.lawrencescottevents.com Lawrence Scott Evans.indd 1

8/22/16 11:19 AM

Three in a Series of Six

Confessions of a New York

Plastic Surgeon Demystifying the Trade

Part 3: Facial Rejuvenation—From Fillers to Botox As told to AVENUE by David P. Rapaport, M.D. FACS

Y

ou can’t understand rejuvenation until you understand facial aging. Think of those magnificent Da Vinci

sketches of aging men. There’s a hollowness to the face, especially around the eyes, temples and cheeks, and there are folds around the mouth. As we grow older, there is a loss of elasticity in the tissue, most often leading to jowls in the face and neck. You may find this a little shocking, but facial deflation actually starts at around the age of 30 for most people.

Enter the fillers! Over the past ten years and particularly recently, fillers have become increasingly more effective, and our experience using them far more advanced. Most belong to the “HA” family, hyaluronic acid, a naturally existing lubricant in all mammals that has now been successfully cloned and stabilized. Brand names include Juvéderm products like Voluma, as well as Restylane products. The great news is that HA products are safe and allergy free, and reversible if overfilling or bumping takes place.

That said, I caution again about only working with a licensed professional with expertise to perform filler injections. There is a key synthesis between technical and aesthetic skill, and you absolutely need experience to avoid getting an injection, for example, into a blood vessel (which has the potential to cause blindness).

The patient remains awake throughout the procedure, which can take from 5 to 45 minutes. There’s no drama, and patients can look in a mirror before they leave to get satisfaction from the results. I literally feel like a barber!

We inject between 1 to 5 cubic centimeters (5 cc equates to a teaspoon) where the fat’s receded. You’re back at work same day or the morning after. The price ranges between $1,000 to $1,500 per cc depending on the product. Frequency? It depends on your anatomy and your goals, but typically you’ll revisit every six months for touch-ups and enhancements.

Botox has the inverse effectiveness over filler (and is much better known). We all do love a smooth face: Botox is all about wrinkles and preventing your contracting muscles from developing “dynamic lines.” Think of the shoes in your closet: don’t use them, and they stay shiny smooth. It is the argument for having 20-yearolds start with Botox before wrinkles develop. I’m not advocating that, but just saying it’s logical.

There are three kinds of Botox available. I prefer Dysport, but it’s rather like looking at different milk brands in a grocery. There have been millions of dosages applied around the world, and it seems to be consistently safe. Again, just make sure you’re using a licensed and experienced professional.

Botox and filler can and should be used in tandem with one another. But if you ask me, I’d tell you filler’s the major player.

But call my office, and I’ll tell you more. ✦

DAVID P. RAPAPORT, MD., FACS 905 5th Avenue ◆ New York, NY 10021 ◆ 212.249.9955 info@drrapaport.com ◆ parkavenueplasticsurgeon.com

104 | AVENUE MAGAZINE • SEPTEMBER 2016

AVENUE Upcoming special sections

O CTO B ER 2016 It’s not too late to get into AVENUE’s The New York Power Issue.

It is our annual New York A-List with the most powerful and influential individuals. Reach the highest net worth Manhattanites!

Special real estate section: A-LIST BROKERS - interviews with some of the most distinguished real estate brokers.

Booking deadline: September 9th

For more information, please contact: Susan Feinman, Associate Publisher, C: 914.714.5053, E: sfeinman@manhattanmedia.com, avenuemagazine.com

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Home Is Where The Heart Is The Mill House Inn in East Hampton: An Inn Beyond the Ordinary

F

or Sylvia and Gary Muller, proprietors of the Mill House Inn, nestled in the village of East Hampton, guests are always a part of the family, and hospitality is never a race to the finish.

People matter, the Mullers believe. “We foster a unique, old-fashioned hospitality where ‘yes’ is the answer to any request and permission is given ‘not to have a care in the world.’”

But what sets a stay at the historic Mill House Inn apart is the exceptional attention to detail on the part of the highly trained staff, whom the Mullers value as much as their guests.

“Our staff comes first: we empower them to treat our guests really well,” Sylvia says about their team, whom they consider “family” and who share home-cooked meals together. They function as a tightly knit unit, often anticipating guests’ needs before they arise.

“We answer the questions before they are asked,” Gary says. “Hospitality is not about brick and mortar,

amenities or food. It’s about a once-in-a-lifetime experience—a really ‘personal’ experience, not something from a list. An early morning walk on a secluded beach, bicycling on a quiet back road, a horseback ride to a sunset beach barbecue, or a bonfire at midnight—we promise a bit of magic.”

The commitment to making the Mill House Inn a home for travelers goes beyond the ordinary. It may be the personal assistants who do whatever it takes to gain entry into an exclusive boutique an hour before it opens; the 24-hour ’nack and coffee bar always stocked with fresh house-made goodies; or the culinary art behind Gary’s menu (so well executed by executive chef Carolyn Stec) including the famous lobster frittata and eggnog brioche French toast. “I have a feeling it’s really about how much each traveler matters to this hospitality team!” says Gary.

31 North Main Street

106 | AVENUE MAGAZINE • SEPTEMBER 2016

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“We take care of everything. That’s just what we do every day, and we love it that way,” the Mullers explain.

Their passion for “identifying what matters most to guests as they travel and making them smile” has won the Mill House Inn accolades in the luxe-hotel industry from Travel & Leisure magazine, New York magazine, the Travel Channel and Zagat.

“We met at a place called the Memory Motel in Montauk,” Sylvia says. At the time, they both enjoyed established careers in other professions. Gary was a three-star chef and restaurateur, Sylvia a television executive at the BBC—not a typical trajectory for hoteliers, but a magical combination.

Their dream, which stems from their core beliefs: to provide a welcoming oasis in the heart of East Hampton Village, a destination where guests can relax in comfortable Adirondack chairs on the back patio under a great silver oak after a long day at the beach, or enjoy breakfast in the Rose Garden surrounded by the scent of flowers and the chef’s herb garden.

“You can never be too well taken care of,” the Mullers agree.“It was never about money,” Sylvia says about their decision to purchase the inn. “It was and is always about creating something to do that we love.” ✦ — Rachael Stark

THE MILL HOUSE INN East Hampton, NY 11937 ◆ 631.324.9766

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millhouseinn.com

East End Expert Meet Christopher J. Burnside, Licensed Associate Real Estate Broker at Brown Harris Stevens

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hristopher Burnside has been an associate broker in the Bridgehampton brokerage office of Brown Harris Stevens and its predecessor firm since 1999. Since 2000 and every year thereafter, he has been the Top Producer in the Bridgehampton brokerage office in both sales and rentals. With extensive experience in selling, listing and renting top of the line properties throughout the Hamptons, Chris specializes in new construction, land and investment properties.

Having partnered as a real estate agent over the years with a variety of top Hamptons high-end residential builders and with his own experience buying, developing and selling his own homes, Chris has become one of the most trusted and knowledgeable resources in the industry, having crafted his vast understanding of the entire development process over many years. With a natural eye for design, quality materials and finishes, and a vast knowledge of the zoning and building process, as well as a keen ability to identify opportunities for investment, he is uniquely positioned to bring to his clientele the very best in brokerage services for the Hamptons.

Chris pursues many interests—including waterskiing, sailing, mountain biking, tennis and fishing, with his main interest being airplanes and flying. He is a pilot, flying his own single engine Cessna out of East Hampton and often taking his own aerial photographs of his listings. ✦

BROWN HARRIS STEVENS 2408 Main Street ◆ Bridgehampton, NY 11932 631.537.4320 ◆ cburnside@bhshamptons.com BrownHarrisStevens.com SEPTEMBER 2016 • AVENUE MAGAZINE | 107

Celebrating 27 Years of

Style Within Reach AVENUE speaks with personal shopper and stylist Sophie DuBow

What should clients expect from a personal shopping experience? Shopping in New York can be overwhelming, and it’s my job to make sure we visit the best stores to meet a client’s needs. The true benefit is, everything is personalized!

Before each appointment, we talk about fashion goals—whether that means starting in the closet to organize her wardrobe or hitting the streets of NYC. Can you talk about trends and designers you’re loving?

I love how there are so many different styles with the choker necklace—lace, velvet, metallic, leather—and at so many price points. White sneakers are another love of mine, for many different occasions. And I absolutely love the new Gucci collection. The embroidery and use of vibrant colors is so tasteful.

Current/Elliot jeans are also a favorite.

What are some of the biggest fashion mistakes you see?

I definitely wouldn’t call this a mistake, but I do think people can get a bit carried away and overdo an outfit or a trend. A pair of boyfriend jeans, a white tee and some simple accessories can go a long way.

You offer mother-daughter services. Tips for dressing well at any age? You have to feel great in what you are wearing.

Fashion is such an important way to express yourself, and if you feel confident in what you have on, then you will feel so much better tackling your day. ✦ Email: sophie@sophstyle.com Website: sophstyle.com Instagram: @sophstylenyc

Weddings Mitzvahs Soirees Sweet 16 Corporate Events Weekly Home Delivery Event Coordination 20 Jagger Lane, Southampton, NY 11968 Tel: 855-44TOPAZ ∞ flowersbytopaz.com

108 | AVENUE MAGAZINE • SEPTEMBER 2016 FlowersbyTopaz-r1.indd 1

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Savor the End of Summer

A culinary presence in the Hamptons for more than 20 years, Sydney’s “Taylor” Made Cuisine is keeping things fresh at the farmhouse

S

avor the final moments of summer! As beach days grow shorter and the air begins to cool, it’s time to come together and enjoy a laid-back meal or simple gathering. But for everyone still deep in vacation mode, the last thing you want to do is spend an hour in the kitchen prepping, chopping and mixing. So let Sydney’s take care of it.

Originally conceived as a catering company in 1993, Sydney’s “Taylor” Made Cuisine is the modern culinary creation of Erin B. Finley and her husband, Chef David Blydenburgh, a graduate of the Culinary Institute of America. Today, whether you visit Sydney’s farmhouse café in Westhampton Beach for a full-service feast or swing by the premium prepared food market for some delicious takeaway, the experience is the same— innovative American fare with strong seasonal influences.

Imagine settling into an early evening meal at a reclaimed wood table with vintage dining chairs and a Harris Tweed–cushioned banquette. The sun is idling in the westward sky while you peruse the wine list. As you glance around the refurbished 1860s farmhouse, you suddenly notice the aroma of house marinated skirt steak and grilled basil shrimp escaping from the kitchen. Lured to opening the menu, you choose from tuna crudo, heirloom tomato and house-made mozzarella (basil straight from the herb garden), or any of the other daily specials that catch your eye. But not before scanning the extensive cheese selection—considered the best on the Island.

On days when you want to linger in the sand and sun till dinnertime, count on Sydney’s to serve up something wholly satisfying for convenient pickup. When the weekend rolls around there’s always time for one last crab cake Benedict brunch or specialty sandwich with all the trimmings. And the summer wouldn’t be complete without Chef David’s Gourmet magazine-recognized gazpacho with locally sourced ingredients.

Sydney’s “Taylor” Made Cuisine features a main-floor market with à la carte items, platters and gift baskets. There is sunroom and front porch dining for breakfast, lunch and dinner. Weather permitting, happy hour and dinner can be served on the outdoor veranda. The sunroom and veranda can be reserved for private events. ✦

ERIN B. FINLEY - SYDNEY’S “TAYLOR” MADE CUISINE 32 Mill Road ◆ Westhampton Beach, NY 11978 631.288.4722 ◆ sydneysgourmet.com

P OSTC A RD F RO M . . . |

by

WEND Y SY

ISLAND DREAMS

Fashion designer Bonnie Young shares her adventures from the Exumas, Bahamas BONNIE YOUNG HAS the expertise of creating luxurious, wearable pieces down to a tee. For 16 years, the seasoned fashion designer has worked alongside Donna Karan, where she headed global inspiration and international fabric development, then served as creative director of collection. In 2007, Young ventured off to open her own high-end children’s collection and store in Aspen, winning over the hearts of stylish kids—and kids even more, their mothers. Recently, she launched her debut women’s ready-to-wear collection, BY. Bonnie Young, inspired by a visit to the Exumas in the Bahamas. Here, Young fills us in on her favorite memories from the tropical getaway.

Bahama Mama

My family and I travel every summer to the Exumas. The islands are so close, yet seem so remote and magically unspoiled.

It’s like a safari in the ocean: there’s not a day that goes by where you don’t see sharks, barracudas, stingrays or even swimming pigs!

Adventures at sea We stay on the boat of my business partner and close friend Antonia Meade. She lives in the Bahamas with her husband, Ronnie, and their daughter—the Exumas are their backyard. We love to take the dinghy out and explore different uninhabited islands and caves.

One of the highlights of the week is swimming with sharks! We also have friends who own a nearby island, so we always stop by once during the trip for an email check and a round of paddle tennis.

Smooth sailing Bonnie (right) and Antonia (left) enjoying a quiet moment

Favorite souvenirs

During each trip, we go to Staniel Cay to buy coconut bread and beautiful handwoven baskets.

110 | AVENUE MAGAZINE • SEPTEMBER 2016

The only way to travel to the Exumas is by boat.

It’s also important to have a captain, as the water is very shallow and not easy to navigate.

Suitcase essentials

Sunglasses, sarongs, an Eres bathing suit, and BY. Bonnie Young kaftans. Also, Kahina Argan Oil, which Donna Karan turned me on to, from her Urban Zen store.

Peace and quiet

The beauty is that we barely see anyone. It’s an amazing place to reconnect with my family in nature, as there are no distractions and we can go for days without Wi-Fi and cell phone service.

Always wanderlust

I have traveled all my life to remote destinations in search of tribes and cultures that are vanishing. Among those were Xishuangbanna in China, Tibet, Papua New Guinea, Bhutan, the North Pole, West and East Africa. Destinations on my bucket list now are all about nature— places like Antarctica, the Northern Lights, Canyon De Chelly in Arizona, Greenland, the sea of Cortez and Mongolia.

I can’t travel without. . .

My children and my husband. ✦

SOCI A L SA F A RI |

by

R. C O U RI H A Y

Anderson Cooper & Gloria Vanderbilt support Hope For Depression

BRIGHT, PRECIOUS DAYS Gloria Vanderbilt, Anderson Cooper, Jay McInerney, Audubon Islands, Walk of Hope, Legs, JED and Roger Vergé Tribute Dinner

Aleksandra Milocevic & Dr. Kenneth Mark @ Audrey Gruss’ HDRF

Janet Lehr @ Vered Gallery: Larry Rivers Show Audrey Gruss & Alex Bard @ Ralph Lauren: Shop for Hope

Daria Stolyarov, Beth McNeil, Bridgette Morphew & Melissa Motola modeling luxury vintage clothing from Morphew @ Art Southampton

HOSTS WITH THE MOST

The Hampton’s top hosts are Anne Hearst McInerney and Jay McInerney and Audrey and Martin Gruss. Jay, whose new book, Bright, Precious Days, has the critics raving, also writes about wines and knows as much about grapes and vintages as the world’s top sommeliers. That’s just one of the reasons he was recently awarded the Légion d’Honneur by the French government. On the couple’s estate, Ashgrove Farm, Anne keeps a coop full of chickens that lay pale green eggs, which she gives to friends; it’s the only way really. This glamorous couple entertains on their expansive porch, which overlooks a lawn that rolls gently down to a pond filled with perch, and yes, Anne’s children, Amanda Hearst and Randy Harris, can catch them when they’re in the mood to cast out a line. Prince Albert of Monaco and Princess Charlene; artists April Gornik, Eric Fischl, Will Cotton and the Watermill Center’s incomparable director Robert Wilson; politicos Judith and Rudy Giuliani, former New York State governor David Paterson, Georgina Bloomberg, Robert F. Kennedy and his daughter Kick Kennedy, as well as entertainers Brooke Shields, Rufus Wainwright and Christie Brinkley, are but a few of the gilded set the couple have wined and dined. jaymcinerney.com

FAIRWIND

Audrey and Martin Gruss’ private French chef, Christophe Cabanne, who cooks at Fairwind, their estate in Southampton, deserves a minimum of two Michelin stars for flavor, creativity and composition. Whether it’s, his quail eggs topped in beluga caviar, or his grilled white peaches alongside langoustines with miniature haricots verts, it’s all ambrosia here. Of course, Audrey has a separate pavilion by the pool for parties. This ballroom is crowned with a gigantic wreath of branches, festooned with flowers and tiny glass urns filled with candles, that act as a canopy over four round tables. Audrey’s floral arrangements are extraordinary both in the house and in the all-white garden and lush vistas created by the ne plus ultra of landscape architect Edwina Von Gal. The allée of white birch trees is particularly noteworthy. Pals receive regular gifts from Audrey’s gardens. In September, she gathers green apples from her orchard; at Christmas, she sends out jars of homemade applesauce; and in the spring, tiny bouquets of lily of the valley are hand delivered by her chauffeur. This bed of teensy-weensy blossoms is named after her mother, Hope, who was the inspiration for Audrey’s greatest passion, the Hope for Depression Research Foundation (HDRF). This is the country’s leading nonprofit organization focused solely on depression research. This year, the World Health Organization declared that depression was the leading cause of disability worldwide. Despite its prevalence, it is still misunderstood, underfunded and underresearched. To date, HDRF has provided more than $20 million through 125 grants for research that promises to lead to new treatments.

Anne Hearst, Randy Harris & Amanda Hearst at Ashgrove Farm for the Princess Grace Foundation

NOTHING LEFT UNSAID Lisa Jackson @ Audrey Gruss’ HDRF

112 | AVENUE MAGAZINE • SEPTEMBER 2016

Anderson Cooper will follow in the footsteps of Mariel Hemingway and be honored at Gruss’ HDRF luncheon and seminar on November 15. In their CNN special Nothing Left Unsaid, Anderson and his mother, Gloria Vanderbilt, both

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SOCI A L SA F A RI

Campion, Tatiana, Fox, Riva & Xenia Platt @ The Audubon Islands Sanctuary

Randy Kemper, Joey Wolffer, Elizabeth Bock & Tony Ingrao @ Peter Beard Show at Guild Hall

Jenny & John Paulson are advocates for Southampton Hospital

Melody Mayer @ Hope for Depression

Daniel Boulud & Herb Karlitz kick off Roger Vergé dinner

talked openly about brother and son Carter Cooper, who committed suicide in front of his mother at 23. “I think he had this impulse that he could not contain and went out onto the ledge.” said Anderson.

Gloria confided, “People who knew Carter will start to talk about him and then say, ‘Oh, I’m sorry.’ And I say, ‘No, I love to talk about him. More, more, more.’ Because that brings him alive, and it brings him closer and it means that he hasn’t been forgotten.”

WALK OF HOPE

To raise awareness for her fall benefit, Audrey Gruss gave a series of summer soirees that culminated in the Walk of Hope, a three-mile stroll around Southampton. Among those donning the organization’s signature yellow on T-shirts and hats were Princess Yasmin Aga Khan, Karen and Richard LeFrak, Joanne de Guardiola, Mai Hallingby, and Sharon Bush and her coton de tulear, Scout; doctors Holly Peterson, Kenneth Mark, and Christopher Calapai; attorneys Nancy Chemtob, Marianne Bertuna and Arthur Aidala; and Mayor Mark Epley, who steered the fashionable parade. After the walk, 15 stores, including Ralph Lauren, Michael Kors and Theory, gave a percentage of their sales to the foundation. hopefordepression.org

AUDUBON ISLANDS SANCTUARY

Eric Schmidt, the chairman of Google, and Candace Bushnell led the cognoscenti to Water Mill for Campion and Tatiana Platt, Katie Carpenter and Robin Leacock’s party for the Audubon Islands Sanctuary. These treasure islands in the Lake Worth Lagoon in Palm Beach this season are jewels, but they’ve grown scruffy and could use a little love to reach their true potential as subtropical getaways for our fair feathered friends. In the mix were Cece Cord, Nicole Miller, and Dimitri and Robin Pauli, who are opening a new outpost of their restaurant Sant Ambroeus in P.B. fl.audubon.org

114 | AVENUE MAGAZINE • SEPTEMBER 2016

Marigay McKee & Bill Ford cochaired the Southampton Hospital Summer Party

SOCIAL SAFARI

The Larry Rivers exhibition of Me and My Shadow, Oedipus Rex and Legs at Janet Lehr’s Vered Gallery in East Hampton was hosted by the late artist’s son, Sam Rivers, and Alan Alda’s filmmaker daughter, Beatrice Alda, and her partner, Jennifer Brooke. The documentarians made a movie on the plight of the notorious Legs sculpture that is still stuck in court. Lehr has been battling the village of Sag Harbor on whether the piece is art or a “structure.” Guests including Consuelo Vanderbilt Costin, Julie Hayek, Cindy Guyer, Cassandra Seidenfeld, Larry Wohl and Leesa Rowland unanimously voted it was art. veredart.com…..The Southampton Hospital’s Summer Party was chaired by Marigay McKee, Bill Ford, and Hollis and Jim Forbes. The evening benefited the Jenny & John Paulson Emergency Department, which is the sole provider of emergency care on the South Fork, treating more than 25,000 people annually. southamptonhospital.org…..World Series of Poker queen Beth Shak hosted the JED Foundation’s Hamptons Charity Poker Night to raise funds for the organization’s work against substance abuse and suicide among young adults across the USA. jedfoundation.org…..Georgina Bloomberg, Chuck Scarborough, Carolyn Maloney, John Catsimatidis and Jonathan McCann danced to the Alex Donner Orchestra and enjoyed dinner by Robbins-Wolfe Eventeurs at the Southampton Animal Shelter’s Unconditional Love Gala chaired by Jean Shafiroff. southamptonanimalshelter.com…..Hillary Clinton loves hot sauce so much she carries it in her purse: “It keeps my immune system strong. I think hot sauce is good for you.” Inspired by Hillary’s love of “heat,” Simon Powles of Starr Catering Group created a unique bottle of the sauce for the CNN Grill at the DNC, where he made a daily menu for Stephen Colbert, David Schwimmer, Ashley Judd, Wolf Blitzer and all the network anchors.

The bipartisan company also did events for the RNC, minus the hot sauce. starrevents.com…..Daniel Boulud and Herb Karlitz are organizing a benefit tribute dinner honoring the legendary chef Roger Vergé at Chelsea Piers on September 12. Emeril Lagasse and Francis Mallmann are among the fifteen celebrity chefs who will create the tasting stations and seated dinner to create a culinary scholarship. respy.com ✦

©PATRICK MCMULLAN

Jean Shafiroff & Georgina Bloomberg @ Southampton Animal Shelter

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WOR L D A C C O RD I N G TO . . .

MARY ALICE STEPHENSON

AVENUE’s back-page column asks New York notables our version of the questionnaire made famous by Marcel Proust

I

n celebration of September, the chicest month of the year in New York City as Fashion Week comes to town, AVENUE has teamed up with Mary Alice Stephenson for our World According To… column. Stephenson is a style and beauty expert, and the founder of GLAM4GOOD. Inspired by her work with Make-a-Wish, Stephenson launched GLAM4GOOD as a way to harness the power of fashion to inspire positive social change. A 501(c)3 organization, GLAM4GOOD is a fashion and beauty movement and platform that shares positive stories, products, voices and events, highlighting life-changing transformations and empowerments through fashion, beauty and style.

For her work, Stephenson has received numerous awards and honors, including the 2013 Most Innovative People Award by the United Nation’s World Summit of Innovation. Here, the busy style guru takes a quick break to give you an inside perspective into her day-to-day.

WHAT ARE YOU UP TO AT THE MOMENT? I just finished a GLAM4GOOD initiative pampering four heroic women for O, The Oprah Magazine.

reaffirming to have her acknowledge the GLAM4GOOD Foundation and our mission.

WHERE IS PARADISE FOR YOU? Receiving donations for the GLAM4GOOD Foundation.

WHAT IS THE IDEAL 24 HOURS IN NEW YORK IN SEPTEMBER? Exploring the city with my son by day and enjoying a fun dinner with a group of people I adore in a cool new restaurant in Brooklyn by night.

WHAT ARE YOU MOST LOOKING FORWARD TO ABOUT NEW YORK FASHION WEEK? Seeing the new collections and discovering emerging talent.

WAS THERE A CAREER MILESTONE OR MOMENT THAT CHANGED EVERYTHING FOR YOU? Cohosting a Joining Forces/GLAM4GOOD event last year with First Lady Michelle Obama and having her by my side as we empowered military families with style. The First Lady is a personal hero of mine, and it was an honor and very 116 | AVENUE MAGAZINE • SEPTEMBER 2016

HOW DO YOU LIKE TO SPEND YOUR MORNINGS? Having breakfast with my son and walking him to school. After that, morning meditation, then work, work, work.

FINISH THIS SENTENCE. MY CLOSET WOULDN’T BE COMPLETE WITHOUT… Clothing I can share and give to others. My closet has become a meeting place where friends and family gather, catch up and get dressed for important events in their life.

It is so fun and inspiring to be able to style people I care about for important moments in their lives. I’m happy to share my clothes and give clothes away. On a personal level, I’ve been lucky enough to be given clothing and am so grateful for that, but I feel so much better giving it to someone else to make their day!

IF YOUR APARTMENT WERE ON FIRE, WHICH THREE THINGS WOULD YOU RESCUE? Anything with a heartbeat! My son, my cat and me. Everything else pales in comparison.

BEST SHOPPING EXPERIENCE YOU’VE EVER HAD IN NEW YORK CITY? It is a shopping experience that my foundation GLAM4GOOD gives to others. It’s called a #shoppingspree4free and it’s a shopping initiative we provide to women, families and teens in need.

WHO IS THE MOST POWERFUL NEW YORKER YOU KNOW? Everyone in New York has power. Whether or not they recognize it and how they use it to better their life and the greater good is what interests me.

WHAT’S THE BEST ADVICE YOU’VE EVER RECEIVED? Deepak Chopra told me, “Your spirit is the greatest navigational tool you will ever have.”

WHAT’S NEXT FOR YOU? My team and I are gearing up for some incredible GLAM4GOOD initiatives this fall using style to honor courage, raise awareness, empower self-esteem and ignite joy!

Follow us to find out more. ✦

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

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An attached wing with its own terrace becomes the perfect guest area with living room, kitchen and two additional bedroom suites. Two full staircases and an elevator connect to an additional 4,000 SF lower level with theater, gym, full bar as well as two full staff suites. The manicured, meticulous landscape, bordered by a classic, privet hedge frames the 60’ custom Gunite pool with an oversized spa as well as sunken sitting area with fire pit that juts out into the pool itself, all serviced by an extensive pool house. Ample entertaining spaces are set within vivid garden beds and expansive, open lawn areas that overlook the sunken Deco Turf tennis court with lattice covered viewing area. With proximity to the village of Southampton, its ocean beaches and everything else that makes the Hamptons a world class resort, Tower House demands your attention today.

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