Even the great Ian Schrager has to deal with in-laws, and we hope he gets along well with his, because they're crashing the party. Fresh off the spectacular reveal of the hotelier/developer's Noho penthouse at 40 Bond, public records show that Salvador and Mirjana Garcia?parents of Schrager's ballerina bride?have closed on a condo in the Devonshire House at East 10th Street and University Place, a mere 10-minute stroll away. But Schrager doesn't have to worry about unannounced drop-ins at all hours, because this appears to only be a pied-a-terre for the Chicago-based couple. They paid the full asking price of $1.59 million for the 840-square-foot 1BR/1BA on the ninth floor of what's quickly become the neighborhood's new power building. Couldn't Schrager have cut them a deal on a place at 40 Bond? Probably. And that's why the dude's a genius.
· Listing: 28 East 10th Street [Stribling]
· Ian Schrager Shows Off Noho's Best Manicured Lawn [Curbed]
· Devonshire House coverage [Curbed]