I want people that Montauk matters to, Ms. Berman-Schechter, 50, said in a recent phone interview from Colombia, where she and Mr. Schechter, the financial officer at an audio equipment website, have lived since 2016. They put her picture up and wrote all kinds of crazy things. He called the Berman-Schechters nasty and vengeful and said that they were trying to harass his family for money. While Gray sees challenges in parts of the retail real estate market, he continues to be bullish on residential real estate because new supply is not keeping up with demand across the U.S. "[18] Gray later contracted COVID-19 and sent CFO Michael Chae to the event instead.[19]. Links: www.bloomberg.com 12,388 views Unrated Categories Buildings > Residential Comments Policies Please log in if you don't want to post anonymously (anonymous users cannot It eventually yielded a profit of many multiples of Blackstone's cost. There was one more deal to work out: "I told [Little Edie] she could leave it broom clean, or she could leave all of the furniture and everything in it," Quinn divulges. 'Little' Edith Bouvier Beale, left, a cousin of Jacqueline Kennedy Onassis, at home with her mother, 'Big Edie,' in Grey Gardens, a run-down mansion in East Hampton, New York, 1975. Added James, also a billionaire, "One of my most important responsibilities is succession, and I am blessed to have a spectacular leader and investor like Jon Gray to whom I can hand the reins.". Jonathan D. Gray, global head of real estate at Blackstone Group. My daughter wants to sue them, Mr. Hochberg told The Times. Sheffer, the father of twin toddler daughters, and whose credits include the score for 1994s Interview with the Vampire, now calls his request to move the structure crazy, thanks in large part to the Japanese-screen purview of people jogging, walking dogs, bicycling, just in front. When it came to the homes palette, Jonathan wanted to paint the wainscoting, and we said absolutely notit was the only house in the Hamptons wed ever seen that hadnt been painted, adds Ceglic. [27], In February 2023, the Grays were named to The Chronicle of Philanthropys list of the 50 biggest donors in 2022. Its a lifestyle storyabout this man and his home., RELATED: A Designers Manhattan Duplex Where a Global Perspective Underscores the Sense of Home, 2023 Cond Nast. In Hilton, Blackstone and Gray had a number of gut checks in which the firm doubled down and convinced limited partners to follow suit. This beach house that architect Jonathan Marvel designed for clients along a lesser-known stretch of Great Peconic Bay is the essence of modernism, boasting sleek lines, a copper roof, and idiosyncratic fenestration. Grey Gardens pictured in the early 1900s during the Hill ownership. They moved into an apartment on the Upper East Side, complete with a full staff, including personal chauffeurs (click here to see one of the Beale's 1920s automobiles in front of Grey Gardens). It is her life, her matter. Last year alone, the division sold $24.5 billion in property and made $20 billion worth of new investments. In June, Air Mail reported that a Hamptons realtor, Jonathan Davis, had trashed a property hed leased, and had refused to leave. Anytime you have a law, theres going to be some bad people who take advantage of it, but there are so many thousands maybe millions in New York State who will be helped by the Safe Harbor Act, she said, emphasizing that the protection only extended to January 1. A Designers Manhattan Duplex Where a Global Perspective Underscores the Sense of Home. By the early 1930s, the pair separated, though according to census records, Big Edie still employed a household staff, including a live-in cook, a chauffeur, two housekeepers, and a governess. Jonathan Gray started at asset manager Blackstone Group fresh out of college in 1992 and later rose to head the firm's vaunted real estate group. The Prettiest Pink Flowering Trees for Your Yard, Use Vinegar to Clean Every Room in Your Home, Julianne Hough's Abs Are Fierce In A Naked Dress. [5] He was elected Phi Beta Kappa. Jonathan (Jon) Gray, president and COO of the Blackstone Group, vaulted into the ranks of the worlds 500 richest people after shares of the investment giant have soared amid a flurry of dealmaking and strong earnings. Robert Marcincuk, of OShea, Marcincuk and Bruyn in Southampton, said he had 10 landlord clients with tenant headaches there. Amid construction delays due to unforeseen issues securing the property deed, Mr. Phillips died unexpectedly, leaving his large estate to his wife. Quinn is now selling the home, listing it for $17.9 million with Corcoran. White spray shot up from the Long Island Sound, visible from the Montauk highway. The East Hampton home known as Grey Gardens is on the market for $19.995 million. The East Hampton home known as Grey Gardens is on the market for $19.995 million. At the time of the raid, Radziwill lived in Montauk, so she and Onassis, along with her wealthy husband, Aristotle Onassis, pitched in to make repairs. These incidents caught a neighbor's attention, who pitched the story to New York Magazine. Also that afternoon, a representative of the property group that manages the Oriana, the Manhattan apartment building, said that the group would not comment. [42], In 1995, Gray married Mindy Basser at Temple Beth Zion Israel in Philadelphia; the ceremony was officiated by Rabbi Ira F. Ms. Hochberg did not initially respond when The Times contacted her by phone and email. WebJonathan (Jon) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstones Board of Directors. I doubt it. (Calls to Ms. Cuomo, a highly followed wellness worshiper also devoted to the Hamptons, went unanswered.) But before Grey Gardens found itself in one of the most expensive zip codes in the world and became a sentient Hollywood starlet, it was just a piece of land situated on the Atlantic Ocean. In August, The New York Post reported that a Manhattan developer and a former owner of the Tunnel nightclub, Marco Ricotta, had stopped paying rent on his Westhampton vacation home. The 1.2-acre property, which feels much larger thanks in part to neighboring protected fields, includes a toolshed turned studio, a pool house, a gym, and a barn-cum-guest house. But what if that harbor is on the fancier side? [35] In July 2019, it was announced that the Grays would donate a further $25million for research on pernicious genetic mutations that can lead to breast and ovarian cancer. The Real History Behind Grey Gardens, the Most Infamous Mansion in the Hamptons There's Gilded Age glamour, connections to the Kennedy dynasty, and raccoon skulls? In June, Air Mail reported that a Hamptons realtor, Jonathan Davis, had trashed a property hed leased, and had refused to leave. She did not run a background check that could have revealed an eviction case filed against Ms. Hochberg by River Tower Owner LLC, the corporation that owns the Oriana, a luxury high-rise in Manhattan. WebJonathan D. Gray (born February 4, 1970) is an American billionaire businessman and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. [5] His parents divorced when he was young. The caption read: Ive heard September is the new August . Who Is Joanna Gaines's Sister Mikey McCall? Jonathan Gray started at asset manager Blackstone Group fresh out of college in 1992 and later rose to head the firm's vaunted real estate group. Where All the Celebs Stayed for the Met Gala, Josh Hall Shares New Photos With Christina on IG, 80 Mother's Day Quotes That Say "I Love You". This summer, the Berman-Schechters house became an idyllic setting for her endorsements, like acupuncture services, hair dryers and tanner. When on Yom Kippur, the solemn Jewish holiday of repentance, Mr. Hochberg had a letter published on his synagogues website about the importance of charity, Mr. Schechter made an Instagram account with the handle @lyingmarissa using an image of Ms. Hochberg as the profile picture and misspelling her name. During this period, Wright lived with the Beales in the Eye Room, helping feed the animals (namely the cats, who they considered pets who kept the rat problem at bay, and the head honcho raccoon, Buster, as they believed he wouldn't revolt against them as long as he was happily fed), and looked after Big Edie when Little Edie went to Manhattan for press events. As they walked through the front door, "Little Edie "did a pirouette and said 'all it needs is a coat of paint.' Andrew M. Cuomo signed into law on June 30, extended pandemic-related protections that the governor had already established, making it difficult for landlords to obtain an eviction order, no matter whom their tenant might be. The Berman-Schechters say they made multiple attempts to settle with Ms. Hochberg, to no avail. Occupied at the time by high-society dropouts "Big Edie" and "Little Edie" Bealeaunt and cousin of Jacqueline Kennedy Onassisand their 52 cats, the dilapidated mansion came dangerously close to demolition. Then she asked Ms. Hochberg. Its a magical place, and we had a magical life there, but that part of my life is over now, Quinn told the Journal of her decision to sell the home after Bradlees death. Together they watched as the once-grand home deteriorated to the point that the mother and daughter were threatened with eviction for code violations, according to Grey Gardens, a 1970s documentary made about their lives. Gray's seminal deals like thetakeovers of Equity Office Properties and Gray runs Blackstone's real estate business and is the latest billionaire to emerge from the worlds largest manager of private equity and property. He is also chairman of Hilton Worldwide . When filming officially began in 1973, Big Edie and Little Edie had moved two twin beds into one upstairs bedroom that was easier to heat than the primary bedroom. Curious to hear more about Grey Gardens? The Tenant Safe Harbor Act, which Gov. He then quoted her fathers words on one of Ms. Hochbergs Instagram posts. She wrote that The End a nickname for Montauk has this special aura surrounding it the water and the bucolic setting of the lighthouse, the greenery and the rich history. In early August, she planned to give the house over to family friends: college professors who rent it every summer. Mr. Killoran, who represented Mr. Ricottas landlord, said that the case had been settled this week. It had an abandoned quality to it, likely because the women sold some furniture and lived exclusively on the upper floor. Cheryl Berman-Schechter, 50, has been going to Montauk, the hamlet on the eastern tip of Long Island, since the early 1990s. The full story of Grey Gardens is featured in season 2, episode 5 of House Beautifuls haunted house podcast, .css-1qproo8{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:#40699f;text-underline-offset:0.25rem;color:inherit;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;background-image:linear-gradient( to bottom, rgba(156,181,215,.2), rgba(156,181,215,.2));-webkit-background-position:0 100%;background-position:0 100%;background-repeat:repeat-x;-webkit-background-size:0 0;background-size:0 0;padding-top:0.05rem;padding-bottom:0.05rem;}.css-1qproo8:hover{color:#000000;text-decoration-color:border-link-body-hover;-webkit-background-size:0.625rem 3.125rem;background-size:0.625rem 3.125rem;}Dark House. Jim Mooney/NY Daily News Archive via Getty Images, according to Grey Gardens, a 1970s documentary made about their lives, Do Not Sell or Share My Personal Information. Across Wall Street, succession planning has been a major story for the past 18-months. Just over a year ago Goldman Sachs, headed by Lloyd Blankfein, named investment banker David Solomon and CFO Harvey Schwartz as co-presidents, firming up its succession plans. Location: Grey Gardens, 3 West End Road, East Hampton; listed for $17.9 million via Michael Schultz at Corcoran, 917-882-8338 Her work has also been published in MyDomaine, Who What Wear, Man Repeller, Matches Fashion, Byrdie, and more. Listen to this week's episode of our haunted house podcast series, Dark House, for exclusive ghost stories and insights into the home's compelling history. So, Quinn convinced everyone to get on board, and the project wrapped in a year. Of course, with fame comes public scrutiny and attention, so to this day, many fans wonder what exactly caused the women to succumb to this lifestyle, aside from sheer eccentricity. I have my own place in Montauk.), On Sept. 1, according to a court filing, Ms. Hochberg hadnt paid what she owed, and hadnt left the house. The move is part of a careful succession at Blackstone. Mr. Hill's wife, Anna Gilman Hill, was an acclaimed gardener, and she quickly transformed the grounds of their new summer cottage into a sprawling oasis. WebWe have 778 luxury homes for sale in The Hamptons, and 40,552 homes in all of New York. She did not aggressively pursue the missing rent. Now Gray,worth $2.6 billion according to Forbes' Real Time Net Worth Rankings, is shedding his real estate dealmaking cloth after building an industry heavyweight. After 30 years, Martha has sold her Hamptons residence on Lily Pond Lane. Among Gray's big philanthropic endeavors are his alma mater UPenn, where he's donated $30 million to support cancer research. WebWe have 778 luxury homes for sale in The Hamptons, and 40,552 homes in all of New York. [20] Gray's boss and Trump's friend Stephen A. Schwarzman quickly dismissed the idea that a slot in a Republican cabinet would be offered to a Democratic supporter like Gray. It still has tranquillity for a country road, notes architect Manuel Fernandez-Casteleiro. In the early 1920s Phelan and Edith purchased the Grey Gardens mansion located at the corner of Lily Pond Lane and West End Road in East Hampton, Long Island. In June, Air Mail reported that a Hamptons realtor, Jonathan Davis, had trashed a property hed leased, and had refused to leave. In the early 1920s Phelan and Edith purchased the Grey Gardens mansion located at the corner of Lily Pond Lane and West End Road in East Hampton, Long Island. Its happening all over the place, Mr. Killoran said. When Ms. Berman chooses tenants, she hopes to find people who respect the places history. He sits on its Management Committee and most of its investment committees. When she's not busy writing about interiors, you can find her scouring vintage stores, reading, researching ghost stories, or stumbling about because she probably lost her glasses again. [12][13] The Wall Street Journal reported that Gray went on the biggest home buying spree in history after the foreclosure crisis, spending $10billion in the company's first four years. Back then it was a fishing village, with a mix of middle- and working-class residents. Ms. Hochberg said in a text message that her family has owned property in Montauk for 35 years. After 30 years, Martha has sold her Hamptons residence on Lily Pond Lane. Strictly averse to the use of chemicals, Von Gal brought in chickens and even a pair of goats, the latter of which ultimately had to be dispatched after becoming too festive, recounts Fernandez-Casteleiro with a laugh. Gray has been a major Democratic donor, backing Hillary Clinton in 2016[21] and several Democratic presidential candidates in the 2020 election[22][23][24][25], The Gray Foundation was launched in 2014, focusing on inherited BRCA mutations and increasing access to education and healthcare for low-income youth in New York City. (Ms. Hochberg had agreed in May to pay $31,750 for her stay in Montauk.). The two did virtually everything in there, including cooking on a small bedside hotplate (with cats nibbling off of it, too). She soon began spending all of her summers and most weekends there with the family. On Tuesday, that speculation sharpened when Blackstone named Gray as president and chief operating officer, putting him in charge of the day-to-day management of the $434 billion in assets investing giant. Most notably, she imported ornate concrete walls from Spain to enclose the garden, where she planted climbing roses, lavender, phlox (a low-growing flower), and delphinium (a pale blue flowering plant). He is also chairman of Hilton Worldwide . In May, they signed a lease that ran from June 1 to Aug. 8. [5] In 1992, Gray graduated from the University of Pennsylvania magna cum laude with a B.A. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Christian Killoran, the president of Killoran Law in Westhampton Beach, said he has over half a dozen clients in the Hamptons in a similar situation to the Berman-Schechters. He sits on its Management Committee and most of its investment committees. After 30 years, Martha has sold her Hamptons residence on Lily Pond Lane. Gray was born in Highland Park, Illinois to a Jewish family. WebJonathan (Jon) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstones Board of Directors. In 1952, Little Edie continued to pursue a career in show business while living at the Barbizon Hotel in New York City. Under 1,500 Square Feet: 9 Small Homes in New York City and Beyond, Heres what small-space living looks like, from Brooklyn to Georgia, Cape Cod House: Everything You Need to Know About These Quintessential New England Homes, Starting as humble dwellings for fishermen and sailors, these summer houses were, ironically, first built to help brave the winters but now scream summer, Waterworks Expands Best-Selling Collection, Peter Pennoyer Architects Launches New Division, and More News, A Dated Brown Bathroom Becomes a Modern-Day Retreat, Midcentury vibes dominate this Massachusetts reno, in which the square footage more than doubled. in English from the School of Arts & Sciences and a B.S. In the intervening decades, Grey Gardens has been relentlessly mined as a source of inspiration. Montauk mornings in my new summer garden, the caption read, along with several hashtags including #goodmorning and #myownhome. The great success of Blackstone's real estate foray has meant Wall Street believes Gray, who's spent 26 years at the firm after being hired out of University of Pennsylvania,will one day take its reins. Edith Ewing Bouvier Beale (Big Edie) was born in 1895 to an ultra-wealthy judge. Then she brought in the furniture, including beautiful iron beds and clawfoot tubs, and everything that couldn't be restored was duplicated to evoke the period. The Montauk Downs Tennis Club, where Ms. Hochberg said she took lessons this summer. Take a look inside the singled cottage she bought, renovated, and furnished in the 1990s. You may opt-out by, Divided Government And The Way Forward For The Markets, How Negativity Bias Leads To Mistakes In Portfolios, Transforming The Wealth Management Experience For Todays Client, MoneyStamps Of South America - As Investments, Theyre Different Part 1, Covid-19 Related Municipal Defaults Begin, The Dynamics Of Price Discovery In The Stamp Market, according to Forbes' Real Time Net Worth Rankings. While Gray sees challenges in parts of the retail real estate market, he continues to be bullish on residential real estate because new supply is not keeping up with demand across the U.S. Ms. Hochberg had asked to stay the entire summer, said Ms. Berman-Schechter, who replied that it wasnt possible. [26], As of 2018, Gray had donated $120 million in his lifetime. from the Wharton School. This is probably a dumb question bc you just built the house but you arent looking to sell by any chance. It would be a lot easier and cheaper to rebuild,'" Quinn recalls. A spokeswoman at Mr. McGuires office said this week that he was no longer representing Ms. Hochberg. The mansion of Edith Bouvier Beale at West End Road in East Hampton, Long Island known as Grey Gardens, July 23, 1972. She added that she and her father were protected by a law passed to shield vulnerable tenants during the pandemic. The home known as Grey Gardens was listed Thursday on behalf of Sally Quinn, the Washington, D.C.-based journalist, socialite and widow of Washington Post executive editor Ben Bradlee. It seemed like such a headache that Quinn's friends and loved ones even staged an intervention, but she was determined. [31], In 2016, Gray was named to Vanity Fair's "New Establishment" list.[44]. Soundproofing, central air, and delicate lighting, courtesy of designer Davis Mackiernan, were among the invisible additions. In 1971, the town of East Hampton ordered a raid on Grey Gardens, which many considered uninhabitable, and argued that it was a safety hazard. The East Hampton home known as Grey Gardens is on the market for $19.995 million. WebJonathan D. Gray (born February 4, 1970) is an American billionaire businessman and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. Despite our tremendous success to date, I am quite excited about the opportunity to continue to innovate for both our investors and shareholders," said Gray. The Real History Behind Grey Gardens, the Most Infamous Mansion in the Hamptons There's Gilded Age glamour, connections to the Kennedy dynasty, and raccoon skulls? WebAn independent spirit, Edith would have a reputation for being theatrical, self-indulgent, and impractical. The appointment of Jon as President and COO lays the foundation for the next generation of senior management and positions the firm well for future leadership," said Blackstone's billionaire co-founder and CEO Stephen Schwarzman. The 1.2-acre property, which feels much larger thanks in part to neighboring protected fields, includes a toolshed turned studio, a pool house, a gym, and a barn-cum-guest house. Upon introducing the Maysles brothers to Big and Little Edie at Grey Gardens, they started filming immediately. The home's structure and architectural details make it unlike most homes for sale now in the Hamptons. Thanks for contacting us. Architectural Digest may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. This beach house that architect Jonathan Marvel designed for clients along a lesser-known stretch of Great Peconic Bay is the essence of modernism, boasting sleek lines, a copper roof, and idiosyncratic fenestration. [37] This donation brings their total giving to the University of Pennsylvania to over $125 million. After 30 years, Martha has sold her Hamptons residence on Lily Pond Lane. Meanwhile, James will take on more responsibility at the board level as executive vice chair. Jonathan Gray built Blackstone's powerhouse $115 billion real estate business. Each sale listing includes detailed descriptions, photos, amenities and neighborhood information for The Hamptons. I have lost count of the number of times I have tied a blouse around a mannequins head during my decades at Barneys. The Grays donated $25million to create the Basser Research Center, which focuses on cancer prevention, treatment, and research of BRCA-related, genetically-inherited cancers. [7], Gray led Blackstone's LBO of Hilton Hotels, which became the most profitable private equity real estate deal ever, earning $14 billion for the firm's investors. Take a look inside the singled cottage she bought, renovated, and furnished in the 1990s. Versatility is Edies watchword: Skirts are worn upside down or turned into shawls; sweaters and blouses become skin-tight head-wraps, accessorized with costume jewelry. The 1.2-acre property, which feels much larger thanks in part to neighboring protected fields, includes a toolshed turned studio, a pool house, a gym, and a barn-cum-guest house. Even though Grey Gardens passed its inspection, the conditions were once again bleak, which is evident in the movie. The Suffolk County Board of Health mandated the Beales clean up Grey Gardens and threatened to evict them otherwise. She also had an affair with the love of her life, Julius "Captain" Krug, former Secretary of Interior. https://www.nytimes.com/2020/10/23/style/tenant-safe-harbor-act-hamptons.html. With Blackstone's shuffle, there's been change atop most major financial institutions. The Berman-Schechters lawyer, Brian Lester, withdrew the initial suit, which had been unsuccessful in prompting a settlement, and filed another to seek possession of the house and also to recover damages.
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