It takes a certain amount of chutzpah to ask for a $5 million discount — but then again, folks who can afford to pay for something expensive enough to be discounted millions are typically powerful, larger-than-life business moguls. Among their ranks is Wes Edens, co-owner of the Milwaukee Bucks basketball team and a majority share-holder of English Premier League club Aston Villa, who was able to knock $5 million off the listing price of a futuristic Manhattan condo.
The sleek, glassy home, listed for just under $25 million at the time of sale, overlooks the trendy High-Line pedestrian path in Chelsea and sits atop an eye-catching building crafted by the late, award-winning architect Zaha Hadid. In fact, it was one of the last developments to be blessed with her signature chic and curvy aesthetic before she died at 65 in 2016. Despite the oceans of media attention the unconventional building received when sales began in 2015, Edens was able to negotiate a sales price of $20.2 million on the condo that was originally priced at $50 million but had significantly dropped in price in recent months.
The steep discount Edens got on the nearly 6,900 sq. ft. aerie isn’t simply indicative of the COVID-chaotic Manhattan market, but rather of a home that was wildly overpriced to begin with. “Fifty million was a fantasy price based on a market that didn’t exist,” broker Donna Olshan said to the New York Post, who first reported the story. “Once the property was priced right it moved.”
Marketing materials showed the five-bedroom and seven-bathroom penthouse could be combined with a neighboring unit for a combined total of 11,121 square feet of interior space and 3,892 square feet of wrap-around terraces. Edens has, for now, opted not to acquire the second unit.
So, what does the Bucks owner get for his $20 million? Three seamless stories of living space with dark floors, lots of glass and an abundance of natural light, with a design that appears to have been lifted from the set of “Star Trek.” A sculptural staircase connects all three floors and leads to a 2,000 sq. ft. roof terrace that wraps around a curvilinear glass bulkhead with jaw-dropping views of the surrounding skyline, the High Line and the Empire State Building.
The middle level, the triplex’s main floor, includes a titanic 1,250 sq. ft. great room surrounded by curved walls of glass that allow for sweeping panoramic views. A private balcony, library/office, a media room, a light-filled eat-in kitchen with high-end appliances and an ensuite guest bedroom round out the ultra-luxe main floor. The spa-like marble clad master suite is located on the lower level and has its own balcony and dressing room, plus dual bathrooms the size of many Manhattan studio apartments. There are also three additional bathroom suites on the lower level.
Building amenities include a 75 ft., skylight-topped swimming pool, fitness center, and a spa suite replete with sauna, steam room, whirlpool, cold plunge, waterfall showers and massage beds, plus automated robotic parking and a private screening room.
Edens, a longtime Wall Street heavy hitter, has previously owned other high-end properties in NYC. The most notable was a roughly 6,000 sq. ft., 6 bedroom, 4.5 bath pre-war co-op on Central Park West that he’d lived in since 1993 and expanded in 1999 by merging two units. He sold the conjoined units in 2015 for $17 million to Bruce Willis, who flipped the place just two years later for $17.75 million. An avid skier and mountaineer, Edens isn’t averse to investing where his interests lie; In 2018, he and three ski-obsessed friends opened Caldera House, an eight-suite luxury hotel and members club in Jackson Hole, Wyo., where membership starts at $125,000.