Wednesday, July 28, 2004

Ralph expands

The NY Post reports on Ralph Lauren's expansion of his 5th Ave apartment.

http://www.nypost.com/realestate/18201.htm

July 24, 2004 -- Lifestyle fashion guru Ralph Lauren, who became a
billionaire stitching polo players onto the garments of middle-class
shoppers, has expanded his clubby Carnegie Hill place.

Sources tell us the arbiter of argyle has just signed to buy a seven-room
prewar co-op with a $7.2 million price tag, adjacent to his sprawling
duplex apartment at 1107 Fifth Ave.

Sources say he will incorporate the three-bedroom, four-bath apartment -
with several rooms overlooking the Central Park reservoir - into his
present 8,000-square-foot residence.

Listing agents Kyle Blackmon and Amanda Young of Brown Harris Stevens had
no comment about the transaction.

Long before Bronx-born Ralph changed his name from Lifshitz to Lauren, it
was cereal heiress Marjorie Merriweather Post and her second husband (out
of four), E.F. Hutton, who owned the original 54-room triplex penthouse in
1107 Fifth, a 14-story building completed in 1925.

The Huttons had first owned a large townhouse on that land - which Marjorie
had purchased from the Burden family several years earlier. They then sold
the house to a developer with the agreement that it would be razed to make
way for the apartment building, in which they'd get the top three floors.

The ridiculously rich Marjorie Post Hutton had the interiors of the
original Burden mansion fitted into their new penthouse.

Lauren's home collection also includes a 13,000-acre ranch in Colorado, a
240-acre estate in Bedford and homes in Jamaica and East Hampton.


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