William Morris Endeavor partner Mark Itkin retired last year after an illustrious three-plus decade career, and it appears he and his partner, accomplished interior designer and artist Bradley Bayou, have gone in to the high-end-house-flipping business, with pricey homes currently for sale in both Los Angeles and New York City.
Itkin, who packaged a slew of hit reality-TV programs, including “The People’s Court,” “Project Runway,” and “Big Brother,” shelled out $1.6 million in December 2011 for a dowdy fixer-upper on an elevated corner lot in the perennially trendy and outrageously spendy Bird Streets neighborhood above L.A.’s Sunset Strip. He razed and replaced the dumpy ’60s ranch house with a commanding glass-and-stone contemporary of about 7,500 square feet with five bedrooms and 6.5 bathrooms. The house — designed by Bayou with limestone floors, hand-cut stone walls, and towering expanses of glass that disappear into the walls — opens to a circular foyer with sky-light. There are formal living and dining rooms, a top-of-the-line kitchen with a bronze-faced fireplace, and, on the lower level, a sexy bar/lounge, state-of-the-art screening room, and garage with parking for four cars.
Just over two years ago, on a desirable tree-lined block in New York’s Chelsea district, the former Hollywood power player paid $4.95 million for a stately Greek Revival townhouse that at the time was configured as seven small apartments. Bayou reimagined the building, and it’s now back up for sale at $14.95 million, with approved plans for a single-family home of 6,600 square feet, with four bedrooms and six full and two half baths. Floor plans show that the elevator-equipped, six-story residence will feature a parlor-floor living/dining room with two fireplaces, a garden-level kitchen that opens to a family room with a 22-foot-tall glass wall, a basement with media lounge, a wine cellar, and a full-floor master bedroom with a sitting room and two bathrooms.
According to property records, in addition to the posh and pricey properties for sale in New York and Los Angeles, Itkin and Bayou maintain another home in the Bird Streets, an ocean-facing penthouse pad in Marina del Rey, and a desert getaway in one of the more coveted, affluent, and historic neighborhoods of Palm Springs.