Time Warner Center

"The Best of Beef & The Beauty of Barolo" With Chef Michael Lomanaco, February 9

A few months ago New York's famed Time Warner Center opened a new culinary club, Circle of Taste, free to join.

COT has just announced its first ticketed event -- "The Best of Beef & The Beauty of Barolo" -- a dinner to be hosted within Porter House New York's wine cellar by Chef Michael Lomanaco (shown) and Master Sommelier Roger Dagorn. All the wines will be a selection of highly-sought-after and difficult-to-acquire Barolo wines produced in limited quantities.

Erpacrife Nebbiolo Metrodo Tradicionale

Bollito Misto
Tender poached filet mignon, cotechino sausage and salsa verde
La Querciola Barolo Donna Bianca 2004 'cru Costa di Rose'

Brasato al Barolo
Homemade Pappardelle Pasta, Braised Beef Short Ribs
Scarzello Barolo 2004 'cru Sarmassa'

Arrosto di Costata
Roasted Dry Aged Prime Rib of Beef
Cascina Ebreo, Torbido VDT 2001 'Novello di Monforte'

Dessert - Torta al cioccolato alle pere
Pears with mascarpone and chocolate
Ca'de' Mandorli, Brachetto d'Acqui 2008

Dinner begins at 7 p.m. Tickets are $175 per person, and the multi-course tasting menu is all-inclusive. COT members may reserve two seats. Perhaps get an early start to the Valentine's Day weekend!

Tags: beef, Circle of Taste, CircleOfTaste, food, New York, New York City, NewYork, NewYorkCity, NYC, Time Warner Center, TimeWarnerCenter, Valentines Day, ValentinesDay, wine

Time Warner Center Penthouse Gets A $16 Million Price Cut

by Deidre Woollard (RSS feed) —

Filed under: Estates

We've seen some big price cuts lately but when a property gets cut more than a few million it always attracts attention. The New York Observer reports that Austrian-born investor Gerhard Andlinger has cut a whopping $16 million off his Time Warner Center penthouse which first hit the market for $65 million last November.

For your $49 million you get 8,300 square feet of space with stunning 360 degree views of New York City. The penthouse has 14 foot ceilings and the master bedroom suite includes an office, his and her dressing rooms, gym and his and her bathrooms. For entertaining there is a 41 foot-long living room with floor to ceiling windows, and for more private moments there is a red lacquered corner library/office. The penthouse also has a full dining room, chef's kitchen and pantry, laundry center, four additional bedrooms and a screening room.

The building also has an array of amenities such as concierge service, the use of the gym, spa and pool of the Mandarin Oriental Hotel and access to Club 51, which offers party rooms with bar and catering kitchen, roofdeck, children's playroom, gym, massage room and theater. The listing is here.

Gallery: Time Warner Center Penthouse

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Tags: columbus circle, ColumbusCircle, gerhard andlinger, GerhardAndlinger, new york city, NewYorkCity, penthouse, time warner center, TimeWarnerCenter

$65 Million In Time Warner Center, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

In New York City it seems that the the big listings just keep coming. Sure an $80 million penthouse at 15 Central Park West came off the market late last month and Martin Zweig's $70 million listing at The Pierre is finally off the market but right behind the pair $75 million townhouses on the market come what the New York Observer's Manhattan Transfers column has dubbed the most expensive apartment listing in New York, a 78th-floor penthouse at the Time Warner Center listed at $65 million. Max Abelson of the Observer points out that the monthly maintenance fees are $13,361 and the monthly taxes are $16,332, which means it costs an extra $356,316 per year to live there outside of the huge mortgage.

There are amazing views from this full-floor apartment though and the penthouse does have 14 ft. ceilings throughout. A master bedroom suite offers an office, his and her dressing rooms, gym and his and her bathrooms. The 41 ft.-long living room has floor to ceiling windows has the most incredible view of Manhattan and the red lacquered corner library/office offers a secluded place to read and think. The dining room has views of the Hudson River and there is also a chef's kitchen and pantry, a full laundry center, four full bedrooms with en-suite baths and a screening room. The building's luxury amenities include white glove concierge service, access to the gym, spa and pool of the Mandarin Oriental Hotel, private screening room and a discrete basement garage, to the outdoor roof deck, children's playroom, board room with Park views, private storage and ballroom. Records suggest the apartment was sold for less than $30 million two years ago so someone seems to be looking for a big payoff on their investment.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

Gallery: $65 Million in Time Warner Center

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Tags: estate of the day, EstateOfTheDay, new york city, NewYorkCity, time warner center, TimeWarnerCenter

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Is Tom Brady's Time Warner Center Apartment Overpriced?

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping, Sports

For years it has seemed like golden boy quarterback Tom Brady couldn't fail. Championships, check, endorsement deals, check, gorgeous girlfriend; check, great real estate deals, check and maybe recheck. Brady did well in Boston when it comes to real estate, converting a townhouse into condos he sold at a profit but he can't seem to unload his ultra fancy New York pad in the Time Warner Center. It's not for lack of trying. As the New York Post's Gimme Shelter column reports it was listed for $16.5 million back in February 2007 with the Corcoran Group. Then, as my colleague Jared Paul Stern mentioned, it popped back on the market this July for $18.29 million listed with new broker, Prudential Douglas Elliman. Now at its current listing price of $17.75 million it still seems overpriced. Certainly other celebrities and non-celebrities have sold at a profit there. Ricky Martin bought it in 2004 for $6.8 million and sold it in September 2006 for $9.75 million. Brady's apartment was listed at $14.5 million when he bought in 2006 which may have been closer to the market's peak.

Brady's apartment is a three-bedroom, three-bath home on one of the highest floors of the Mandarin Oriental Hotel and Condominium at Time Warner Center. It's full of well designed furniture and has details such as black lacquered doors, ebony finished walnut wood floors, Venetian plastering and of course it boasts beautiful views of the city. Given the current real estate climate though, Brady may want to price it in the $15 million range and get out now while he still can.

Gallery: Tom Brady at Time Warner Center

Tags: celebrity real estate, CelebrityRealEstate, new york city, NewYorkCity, nfl, time warner center, TimeWarnerCenter, tom brady, TomBrady

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Sunday Real Estate Round-Up

by Deidre Woollard (RSS feed) —

Filed under: Estates

From the LA Times Hot Property:
--Another case of famous sells to famous.Kevin Costner has sold his Hollywood Hills home there to Ryan Seacrest for $11.5 million.
--Conductor Zubin Mehta and his wife have sold their Malibu getaway for $15 million. The home sold the first day it went on the market.
--Film producer Charles Roven has sold his Beverly Hills-area home for around its $9.5-million asking price.
--Lou Diamond Phillips has sold his home in Monteria Estates, a gated community in Chatsworth, for $2.1 million.

From the NY Post's Gimme Shelter:
--Nice discount! One of New York's $50 million listing has been reduced to $39 million. Real-estate developer and former WorldCom director Francesco Galesi is eager to sell. Does Galesi overestimate the value of his properties? He originally listed a Southampton mansion for $45 million and ended selling (to Calvin Klein) for $28.9 million.
--Calvin Klein's daughter Marci is buying a SoHo condo for around $10 million. Klein is a senior producer and chief talent booker at Saturday Night Live.
-- Iris Cantor, the widow of Cantor Fitzgerald founder B. Gerald "Bernie" Cantor is in a bidding war for a penthouse with a $14 million asking price which is being built at 110 Central Park South.
--Bear Stearns CEO James Cayne becomes the latest deep-pocketed person to buy an apartment at the plaza. He is spending $25 million for a 5,000 square foot space that will be available for occupancy next year.
--Thomas Siebel, founder of Siebel Systems, is buying the entire 79th floor of the Time Warner Center's south tower for $29 million. He is also buying half of a lower floor for around $16 million.

From the NY Times Big Deal:
--Everyone's talking about the Time Warner Center, it's officially sold out with a total sales of over $1 billion. The building might be the best place in New York to meet a billionaire.The very monied who will live there include J. Joe Ricketts who founded Ameritrade (floor 78); as mentioned by Braden Keil of the NY Post, Thomas Siebel (floor 79) and Time Warner Center developer Steven Ross (floor 80); as well as John W. Kluge, No. 52 on the Forbes list of billionaires and Jon L. Stryker No. 428 on the Forbes list with $1.8 billion and David Martinez who spent $54.7 million. on two floors of raw space.
--Joseph M. Jacobs, a hedge fund manager who once planned to build the biggest house in Greenwich, Conn., has now spent $13.6 million on a three-bedroom apartment at 1 Central Park West, the Trump International Hotel and Tower. He also owns a home in the Conyers Farms section of Greenwich that he planned to live in while building their now-scrapped 39,000 square foot mega manse.

Tags: california real estate, calvin klein, celebrity real estate, kevin costner, new york real estate, real estate, RealEstate, ryan seacrest, time warner center