Hedge funder Harsh Padia and his wife, interior designer Purvi Padia, have purchased a one-story factory at 67 Havemeyer Street in Williamsburg for $8.85 million and plan to use the lot to build a single-family mansion, Brownstoner reports. Initial permits were filed, and disapproved, this month. The permits list the house's size as only 2,632 square feet while the site could, according to 'Stoner, accommodate 23,760 square feet of residential construction, which is weird because buying a factory in prime Brooklyn, tearing it down, and building a one-family house in its place is the kind of thing you do when you want a lot of space. As, it would seem, the Padias do. While scoping out Tribeca apartments in 2012, they inquired about the possibility of combining a 4,200-square-foot penthouse with the full-floor unit below, creating a 7,200-square-foot, five-story pad. "We take up a lot of space," Harsh explained to Fredrik Eklund. The couple ended up buying just the penthouse, apparently deciding that four stories was enough. Until now, that is.
· Hedge Funder Pays $8.85 Million for Williamsburg Factory, Plans House [Brownstoner]
· Another Banker Buys Another $15 M. Tribeca Penthouse [NYO]
· My, How You've Grown! [NYT]