The long, strange saga of Tommy Hilfiger’s penthouse is coming to a close—at least for now. Mansion Global has learned that the fashion mogul has decided, after a decade of effort, to stop trying to sell his penthouse at the Plaza Hotel.
The story goes like this: Hilfiger and wife Dee Ocleppo purchased the penthouse, then unfinished, for $25.5 in 2008. Shortly after the pair closed on the apartment, and amid heated rumors that the Plaza’s condo renovation was not up to snuff with what was promised, the pair re-listed the apartment for $50 million in an attempted flip (remember, this was right before the housing bubble burst and everything went to hell.) To the surprise of no one, the sad shell of a penthouse failed to sell.
So instead of lowering the price on the apartment as it was, classic American rich guy Hilfiger funneled an additional $20 million into renovating the pad before relisting it in October 2013 for $80 million. And what a renovation it was: Just imagine, as the renovation made possible, eating breakfast in a nook in one of the Plaza’s iconic turrets.
The penthouse got its first price chop in March 2015, down to $75 million, followed by a January 2016 reduction to $68.95 million, and a November 2016 hacking to $58.9 million. There the apartment waited for a buyer until it was yanked from the market just recently.
The listing was most recently held by Oren and Tal Alexander of Douglas Elliman.
- Tommy Hilfiger’s Plaza Hotel penthouse was 26% off — and still didn’t sell [NYP/Mansion Global]
- Tommy Hilfiger’s Plaza penthouse undergoes a $10M pricechop [Curbed]
- Tommy Hilfiger's Plaza Penthouse Is Now Asking Just $69M [Curbed]
- Tommy Hilfiger's Artsy Plaza Penthouse Is Now Only $75M [Curbed]
- All Plaza coverage [Curbed]