Page 1

the palm beach a-list issue

IT’S NOT A ONE-HORSE TOWN ANYMORE

HOT TO T OT


S E C N E D SI E R L A IN F The complete offering terms are in an offering plan available from Sponsor. File No C11-0007. Sponsor is 680 Residential Owner LLC, c/o Extell Development Company, 805 Third Avenue, Seventh Floor, New York, New York 10022. Equal Housing Opportunity.

ALL ADDRESSED UP ALL ADDRESSED UP SELECT FOUR AND FIVE BEDROOM FOR-SALE RESIDENCES REMAINING, FEATURING CUSTOM FINISHES, DESIGNER FURNISHINGS, & EXCLUSIVE AMENITIES. LOCATED AT THE FASHIONABLE INTERSECTION OF EAST 61ST & MADISON AVENUE.

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T H E UP P ER E AST SI DE ’S MOST

VA LUA BLE A D D RESS The Extell tradition of world-class finishes and high quality construction continues on the Upper East Side with The Kent. The Art Deco inspired design by award-winning architects Beyer Blinder Belle features custom oversized windows with inspiring Park to River views.

THE KENT | LIVING

T HE KEN T | L IF EST Y L E

Gracious, family-sized homes designed by Alexandra Champalimaud offer two distinct finish selections and 10’-15’ ceiling heights.

Three amenity levels include a grand two-story lobby, an indoor pool, private fitness center, The Sound Lounge, Camp Kent playroom, and salons for entertaining.

20 YEAR TAX A BAT EM EN T | LOW CA R RY I N G COSTS Two to Five Bedroom Condominium Residences from $2.9M SALES GALLERY OPEN BY APPOINTMENT

·

1 4 5 0 L E X I N G TO N A V E N U E

2 1 2 . 9 2 2 . 9 5 9 5 • T H E K E N T N Y C .C O M The complete offering terms are in an offering plan available from Sponsor. File No. CD15-0238. Sponsor: 95th and Third LLC. 805 Third Avenue, Seventh Floor, New York, NY 10022. All images are a combination of photography and artist renderings. Equal Housing Opportunity. Brand by Williams New York.

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YOUR ISLAND IS READY CLOSINGS NOW IN PROGRESS

On a private island in a picturesque bay off the Aventura Intracoastal, the 160 spectacular residences of Privé at Island Estates are now complete. Apart from being the only address on South Florida’s last private island, Privé has countless other features that place it in a class by itself. Eight acres of extravagant lifestyle amenities and lavish social spaces surround two, 16-story towers of just 80 residences apiece, all with unobstructed views of the ocean, the bay and the Intracoastal. Within, walls of glass soar to 10-foot ceilings, and terraces 10 feet deep run the full length of each residence. Don’t miss your chance to move up to the new height of luxury, Privé.

ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. OBTAIN THE PROPERTY REPORT REQUIRED BY FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY. All artist’s or architectural conceptual renderings, plans, prices, specifications, terms, features, dimensions, amenities, existing or future views and photos depicted or otherwise described herein are based upon preliminary development plans, and all and are subject to architectural revisions and other changes, without notice, in the manner provided in the purchase agreement or other information and the offering circular and may not be relied upon. All features listed for the residences are representative only, and the Developer reserves the right, without notice to or approval by the Buyer, to make changes or substitutions of equal or better quality for any features, materials

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an a w ho to


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Residences from $2.2 million. Penthouses from $5.2 million.Â

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and equipment which are included with the unit. This advertisement does not constitute an offer to sell or a solicitation of an offer to buy a unit in the condominium. No solicitation, offer or sale of a unit in the condominium will be made in any jurisdiction in which such activity would be unlawful prior to any required registration therein. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, sex, religion, handicap, familial status or national origin.

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JANUARY | FEBRUARY 2018

CONTENTS VOL. 42 NO. 1

PAGE 50

E2

8

THE FRESH PRINCES AND PRINCESSES OF PALM BEACH

MAURA SMITH is one of the fresh faces on the Palm Beach scene

G PA

50

UE es YQ fum of PT er rs DI es p use on f ak if ti m nd d tinc a dis

FEATURES

The sexy folks making South Florida sizzle

produced by Sam Bolton photographed by Nick Mele

68

PALM BEACH A-LIST

Our social register of who matters most in the Sunshine State

illustrations by Mokshini

72

SUNNY MONEY

Palm Beach real estate is great again— and not because of you-know-who!

by Linda Marx

78

TATTOO ME

You're never too old for some ink

by Nina Griscom photographed by Neal Francis Dawson

COLUMNS 24

DRINKS WITH DEBBIE Talking with Palm Beach Queen Pauline Pitt

by Debbie Bancroft

28

OBJECTS OF DESIRE

Wondrous finds to help you fulfill your resolutions in style

by Wendy Sy

34

TRENDSCAPE

Channel warmth wherever you are

by Kelly Laffey

JEWELRY BOX

78

38

E

by Wendy Sy

G PA

Peggy Stephaich Guinness on her upcoming trunk show

M CO er IS ut h GR o k A ab in IN s w N ishe ne d

36

HIDDEN GEM

Ben Macklowe's new gallery sparkles

by Carol Brodie

ON THE COVER

Nic Roldan on his trusty steed Diosa.


H&A

H & A

R M (–) Hat Display. Watercolor on paper, ⅜ x ⅝ in. Signed and dated (at lower right):  –

H&A Avenue Jan&2018 studs.indd 1 1 AM0218_Hirschl Adler_r0.indd

Until February 9

After February 15

T H E C ROW N B U I L D I N G

THE FULLER BUILDING

7 3 0 F I F T H AV E N U E

41 EAST 57 STREET

4TH FLOOR

9TH FLOOR

N E W YO R K 1 0 0 1 9

N E W YO R K 1 0 0 2 2

212.535.8810

212.535.8810

H I R S C H L A N DA D L E R . C O M

H I R S C H L A N DA D L E R . C O M

12/19/17 AM 9/1/201811:52 12:18


C ON TE N TS ...COLUMNS 40

FOOD FOR THOUGHT New year, new restaurants

by Beth Landman

44

T I M DAVI S

SURREAL ESTATE Two Via Mizner still delights

by Christopher Cameron

114

T H E H A M P TON S LU X U RY M A R K ET L E A DE R

POSTCARD FROM . . . AVENUE editor Ben Diamond finds charm and cool in Berlin

116

SOCIAL SAFARI A royal wedding and more

by R. Couri Hay

120

MODERN MANNERS A cartoon by our new contributor

illustrations by Anthony Haden-Guest

DEPARTMENTS 17

ON THE AVENUE Parties from the McInerneys and more

by Ben Diamond

30

ARTS CALENDAR This month's selection of arts and culture

37 years selling the Hamptons

by Ben Diamond

A history of achieving record sale prices for clients Consistently ranked among the top 5 in production throughout all Hamptons agents

CORRECTION In our previous issue, the Surreal Estate column misidentified the Fontainebleau hotel's ownership. It is run by Turnberry, not Hilton.

T I M DAV I S

Licensed Assoc. RE Broker & Senior Global Real Estate Advisor #1 Hamptons Agent: Wall Street Journal - June 2014 & 2015 631.702.9211 | tgdavis@corcoran.com

LETTERS TO THE EDITOR

AVENUE welcomes “Letters to the Editor” Please address to: Michael Gross 72 Madison Avenue, 11th Floor New York, NY 10016 mgross@manhattanmedia.com

AVENUE online

For the latest on people, parties and life in New York, visit avenuemagazine.com Real estate agents affiliated with The Corcoran Group are independent contractors and are not employees of The Corcoran Group. The Corcoran Group is a licensed real estate broker located at 88 Main St., Southampton, NY 11968 631.283.7300. Licensed as Timothy G. Davis. Accolades above are from 2015.

8 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

Like and follow us on @AVENUEinsider


N O W

U N D E R

C O N S T R U C T I O N

T H E PA L M B E AC H E S ’

UPPER

Artist’s Rendering

EAST SIDE

NEVER SETTLE FOR LESS THAN EVERYTHING hen you live at the intersection o nature’s glory

an’s finest

hour, PGA Blvd is only minutes away. You’re never far from a gourmet meal, world-class designer fashions and everything you demand in a sophisticated li estyle

place where there are infinite possi ilities

and reathtaking sunrise to sunset views t’s uni ue and

ore private

ore o everything you love a out the al

S A L E S O C E A N F R O N T

|

G A L L E R Y

1 9 F L O O R S

& |

ore

eaches

M O D E L

I N T E R I O R

O P E N

E S T I M A T E D F R O M $ 2 M

5000 NORTH OCEAN DRIVE, SINGER ISLAND, FL

| 844.500.0937

|

D A I LY 4 8

R E S I D E N C E S

| 5000NOCEAN.COM/NY

ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE SELLER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A SELLER TO A BUYER OR LESSEE. This project has been filed in the states of Florida and New York.. This is not an offer to sell or solicitation of offers to buy the condominium units in states where such offer or solicitation cannot be made. Prices and availability are subject to change at any time without notice. This is a limited time offer, developer may withdraw offering at any time. For New York Residents: All prices are estimates. THIS ADVERTISEMENT IS NOT AN OFFERING. IT IS A SOLICITATION OF INTEREST IN THE ADVERTISED PROPERTY. NO OFFERING OF THE ADVERTISED UNITS CAN BE MADE AND NO DEPOSITS CAN BE ACCEPTED, OR RESERVATIONS, BINDING OR NON-BINDING, CAN BE MADE UNTIL AN OFFERING PLAN IS FILED WITH THE NEW YORK STATE DEPARTMENT OF LAW. THIS ADVERTISEMENT IS MADE PURSUANT TO COOPERATIVE POLICY STATEMENT NO. 1, ISSUED BY THE NEW YORK STATE DEPARTMENT OF LAW, (5000 NORTH OCEAN, A CONDOMINIUM, CPS NO. 16-0114, SPONSOR: KT 5000, LLC, 701 S. OLIVE AVENUE, SUITE 105, WEST PALM BEACH, FL 33401).

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EXCEPTIONAL UPPER EAST SIDE RESIDENCES EDITOR IN CHIEF Michael Gross mgross@manhattanmedia.com CREATIVE DIRECTOR/MANAGING EDITOR Jessica Ju-Hyun Lee Ho jlee@manhattanmedia.com EXECUTIVE EDITOR Kelly Laffey klaffey@manhattanmedia.com SENIOR EDITOR Wendy Sy wsy@manhattanmedia.com 200 East 84th Street, 5/6G | 6-BR, 5.5-BA | Approx. 4,863sf $8,495,000 or $38,000 per month rental | elliman.com/2750553

ASSOCIATE EDITOR Ben Diamond bdiamond@manhattanmedia.com EDITOR-AT-LARGE Sam Bolton CONTRIBUTING EDITORS Roger de Cabrol Suzanne O’Malley CONTRIBUTING WRITERS Debbie Bancroft R. Couri Hay Beth Landman Christopher Cameron Carol Brodie Nina Griscom Anthony Haden-Guest CONTRIBUTING PHOTOGRAPHERS Billy Farrell Ben Fink Shapiro Patrick McMullan Georgia Nerheim Nick Mele

875 Park Avenue, 2N | 3-BR, 3.5-BA | Approx. 3,000sf $6,500,000 or $25,000 per month rental | elliman.com/2973670

25 years in the business. Achieved record prices. Ranked #1 individual agent*.

GROUP ART DIRECTOR Emma Pitt epitt@manhattanmedia.com COPY EDITOR James Walsh FACT CHECKER Pearl Ashcraft INTERN Sarah Hysong

LAUREN MUSS Lic. Assoc. R. E. Broker O : 212.350.8000 M: 917.509.7777 lmuss@elliman.com 575 MADISON AVENUE, NY, NY 10022. 212.891.7000 © 2017 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS *RANKED #1 SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. DOUGLAS ELLIMAN INDIVIDUAL AGENT BY 2016 GCI.

10 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

Avenue Media, LLC 72 Madison Avenue, 11th Floor, New York, NY 10016 Subscriptions are $100 in U.S., $150 overseas Tel: 212.268.8600 Fax: 212.268.0577 E-mail: avenue@manhattanmedia.com www.avenuemagazine.com

Member of:


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C H R I S T I A N A NG L E R E A L E S TAT E

TRUST | DEDICATION | PERSONAL COMMITMENT

PRESIDENT Randi Schatz rschatz@manhattanmedia.com ASSOCIATE PUBLISHER Susan Feinman sfeinman@manhattanmedia.com HEAD OF SALES, HAMPTONS Dan Schock dschock@danshamptons.com HAMPTONS ADVERTISING SALES REPRESENTATIVES Maria Cable Catherine Ellams Jean Lynch Kathy Rae Tom W. Ratcliffe III ACCOUNT DIRECTORS, FLORIDA, CARIBBEAN, LATIN AMERICA, GLOBAL TRAVEL Neil Strickland neil@globetm.com Claudio Dasilva claudio@globetm.com ACCOUNT DIRECTOR, MEXICO Maria Coyne mecoyne@mecoyneinc.com Ana Beatriz Fiorenzano Carpenter anabeatriz@thecarpentercompany.net ASSISTANT MARKETING MANAGER Runal Patel rpatel@manhattanmedia.com SALES AND MARKETING INTERN Alexandra Menowitz amenowitz@manhattanmedia.com DIRECTOR OF FINANCE AND OPERATIONS Shawn Scott sscott@manhattanmedia.com ACCOUNTS MANAGER Kathy Pollyea kpollyea@manhattanmedia.com CIRCULATION MANAGER Aaron Pollard apollard@manhattanmedia.com

Las Ventanas, Palm Beach Gorgeous Venetian Villa with stunning ocean views, rich finishes, and exquisite design. Penthouse with 7,700 +/- total square feet, 3BR/5.1BA, wine room, elevator, library, media room, and 2 car garage. Fabulous outdoor living with loggias, balconies, and pool. Just two blocks to Worth Avenue. Exclusive - $16,900,000 C 561.629.3015

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CHIEF TECHNOLOGY OFFICER Dennis Rodriguez drodriguez@manhattanmedia.com WEB DEVELOPER Stephanie Schroeck sschroeck@manhattanmedia.com

|

manhattan media |

CHAIRMAN Richard Burns rburns@manhattanmedia.com EXECUTIVE ASSISTANT TO THE CHAIRMAN Clara Quiroga cquiroga@isisventures.com

Though information is assumed to be correct, offerings are subject to verification, errors, omissions, prior sale, and withdrawal without notice. All material herein is intended for informational purposes only and has been compiled from sources deemed reliable. Equal Housing Opportunity.

12 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

DIRECTOR OF HUMAN RESOURCES Lauren Kaplan lkaplan@manhattanmedia.com


O N E CL UB. M ANY POS S IB IL I T I E S .

121 Marina – Penthouse 5 • $5,600,900 • 1072 4 Bed, 4.5 Baths • Marina Views

37 Angelfish Cay Drive • $2,800,000 • 786 19,410 sq. ft. Homesite • Canal Frontage

Marina Slip ES-17 • $1,600,000 • 608 T-Head Location • 70’ Dockage

53 Tarpon Lane • $8,200,000 • 1407 6 Bed, 7 Full & 3 Half Baths • Canal Frontage

27 Dilly Tree Park • $2,975,000 • 1386 4 Bed, 4.5 Baths • Golf Course Frontage

With every amenity one can imagine, Ocean Reef Club truly defines private club living. Our wide selection of island homes offers an array of real estate choices suited to meet your personal needs and complement your individual lifestyle. From slips to beautiful oceanfront estates each property comes with the security of knowing you and your family can enjoy our unique way of life. Interested in learning more about the simple pleasures of our unique club? There are only two ways to experience Ocean Reef Club – as a guest of a member or through the pages of Living magazine. Go to OceanReefClubLiving.com or call 305.367.6600 to request your free copy and our Real Estate Guide. William H. Dickinson, Managing Broker Lic. Real Estate Broker, Ocean Reef Club Real Estate Company® is An Equal Opportunity Company, Equal Housing Opportunity. This material is based upon information that we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, changes, including price, or withdrawal without notice. Offer not valid in some states.

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9/1/2018 11:47


L ET TER FROM T HE EDI T OR DEAR READERS, Call it my year of living diplomatically. Last January, I was in Palm Beach for my first visit as editor of AVENUE.

“THERE IS NO AVOIDING THE PRESIDENTWHO-SHALLNOT BE NAMED...”

On January 20, I woke up at the Breakers to a day I’d planned meticulously. First, breakfast in the restaurant, then a long swim in the ocean, both timed to miss an event that would be broadcast on every channel. I was doing a gentle backstroke when an aerial advertising plane flew overhead pulling a banner that read CONGRATULATIONS PRESIDENT TRUMP. There was no avoiding him. And that’s still the case. But despite being opposed to Trumpism in all of its aspects, I knew even then that in AVENUE circles, it and its namesake were sensitive subjects. This magazine is partly about and for New York’s financial elite, so many of our readers and the people we cover are not only Republicans but supporters of the president-who-shall-notbe-named again. And as I count some of them as friends (fret not, I won’t name and shame), early on I had to decide whether to limit my life and AVENUE coverage to people who agreed with me, or try to navigate the shoals of the current administration as best I could. The latter seemed the wisest, if not the easiest, course. I decided to be discreet when necessary, honest when appropriate, and restrained in the pages of this magazine. This year’s Palm Beach issue continues to duck the subject of the elephant on the island, though he and his family necessarily remain on the A-List, simply because, well, there’s no avoiding them if you want to be honest and comprehensive about the ever-evolving bon ton in Palm Beach and environs. Curiously, when I asked Linda Marx, who often covers Palm Beach for AVENUE, to investigate whether the current regime has affected property values there, she came back with an emphatic no: things are just fine, thanks. Hopefully, America will eventually say the same. Certainly, the future looks bright in the faces of the up-and-coming Palm Beach generation. Sam Bolton produced and Nick Mele shot our cover and portfolio of photos of them, and if they don’t give you hope, nothing will. Our final feature this month introduces a familiar face, Nina Griscom, to our pages as a contributing editor, with the story of how the illness of her great Parisian friend (and a wonderful acquaintance of mine), Joy Hendericks, inspired her to get her first tattoo “with the quills of advice she shot at me,” says Griscom, who returned those favors with the gift of an old master drawing of a porc-épic that she copied in ink on her wrist “because I want to see her every day.” This spring, Nina will take over our back page column. This month, we’re using it to introduce another new contributor already familiar to AVENUE readers, Anthony Haden-Guest, who will henceforth produce a weekly cartoon for avenuemagazine. com, as well as an occasional art diary. If you’re at all upset by what’s happening in the world (and that goes for both POTUS supporters and detractors), I hope that Haden-Guest’s deft wit will give you, however briefly, a reason to smile. Michael Gross NINO CAPRIOGLIO

Editor in Chief

14 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018


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On the

BFA.COM

photographed by Owen Kolasinski Karolina Kurkova and her son at the Museum of Ice Cream Miami


O N THE AV E N U E by Ben Diamond

THE CITY UNITES

GEORGE FARIAS, ANNE HEARST AND JAY MCINERNEY’S MONSTER CHRISTMAS PARTY photographed by Patrick McMullan/PMC

BETWEEN THE THREE OF THEM, George Farias, Anne Hearst and Jay McInerney probably know half the city. Actually, scratch that—if the guest list of their annual Christmas party is any indication, they definitely do. From Rudy Giuliani to Santa Claus, anybody who was anybody was there.

Ellen and Chuck Scarborough

Peter Soros and Milly de Cabrol

George Farias, Anne Hearst and Jay McInerney

Pamela Fiori Sherrell Aston and Muffie Potter Aston

Leslie Stevens and Beth Rudin DeWoody

“Every branch of New York’s elite family tree was represented.” Ivana Lowell, Anthony Haden-Guest, Jeanine Pepler and Anna Rothschild

Kristen Krusen, Caroline Berthet and Gigi Mortimer Ann Dexter-Jones, Nicole Miller and CC Goldwater 18 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

Andrew Roosevelt, Mark Gilbertson and Richard Johnson


is hard to come by these days.

Investors are seeking direction in today’s uncertain world. How long will the U.S. bull market run? What’s keeping inflation so low? With risk rising, where are the potential investment opportunities? And what does this all mean for your portfolio? Wilmington Trust provides insight and guidance for investors seeking to sidestep hazards, navigate uncertainty, and stay on a path to protect and grow their assets. For a deeper understanding of the markets and the economic trends likely to unfold in 2018, download our Capital Markets Forecast, Global Positioning Systems: Recalculating in Light of Detours, Bumps, and Blind Spots, at wilmingtontrust.com/cmf. DOWNLOAD OUR FORECAST

W E A L T H P L A N N I N G | T R U S T A N D E S T A T E S E R V I C E S | I N V E S T M E N T M A N A G E M E N T | P R I V A T E B A N K I N G*

*Private Banking is the marketing name for an offering of M&T Bank deposit and loan products and services. Investments: • Are NOT FDIC-Insured • Have NO Bank Guarantee • May Lose Value Wilmington Trust is a registered service mark. Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation. Wilmington Trust Company, operating in Delaware only, Wilmington Trust, N.A., M&T Bank, and certain other affiliates provide various fiduciary and non-fiduciary services, including trustee, custodial, agency, investment management, and other services. International corporate and institutional services are offered through Wilmington Trust Corporation’s international affiliates. Wilmington Trust Investment Advisors, Inc., a subsidiary of M&T Bank, is an SEC-registered investment advisor providing investment management services to Wilmington Trust and M&T affiliates and clients. Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by M&T Bank, member FDIC. ©2018 Wilmington Trust Corporation and its affiliates. All rights reserved.

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016198_Avenue Magazine / Trim 8.125”w x 10.875”h / Live 7” x 10” / Bleed .125”

12/22/17 PM 9/1/20182:58 11:33


ON THE AV E N U E

Peggy Stephaich Guinness Maureen Chilton, Richard Chilton, Sarah Chilton and Sebastian Bland

TRAINING DAY THE NEW YORK BOTANICAL GARDEN’S A HELL OF A GOOD TIME ON WHEELS photographed by Kelly Taub/BFA.com

IT WAS “ALL ABOARD” for fun at the Winter Wonderland Ball, the annual extravaganza celebrating the New York Botanical Garden’s iconic train show. It may have been snowing outside, but guests in the stately crystal palace greenhouse could be forgiven for thinking it was still summer.

Gillian Hearst Simonds

Timo Weiland and Mia Moretti

236 WORTH AVENUE | PALM BEACH | 561.655.5850

www.betteridge.com Natalie Bloomingdale, Ariana Rockefeller and Georgina Bloomberg 20 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

Peter Brant Jr.


FIND YOUR PLACE IN THE NEW YEAR WITH OUR EXPERT GUIDANCE.

It’s easy to find the right place when you know the right people. Find experienced agents and exceptional properties. bhhsnyproperties.com

New York Properties

212.710.1900 • contact@bhhsnyproperties.com • 590 Madison Avenue, New York, New York © 2017 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.

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9/1/2018 11:32


ON THE AV E N U E READY TO LIVE THE PALM BEACH LIFESTYLE?

Kyle Mooney and Pete Davidson

Gina Gershon and Scarlett Johansson

Since 1959, the name Gottfried is synonymous with Palm Beach luxury real estate for good reason. The Palm Beach Regency style villas, shops, and custom ocean and lakefront estates designed and built by Robert W. Gottfried grace the island and give it that elegant yet understated charm that now defines Palm Beach living. Their expertise and experience on the island is unrivaled. Whether buying or selling your residence, come let 60 years of iconic style, timeless elegance and true understanding work for you.

The Gottfried Group at Douglas Elliman Real Estate

The Gottfried Group

PAMELA GOTTFRIED

at Douglas Elliman Real Estate

Director of Luxury Sales M : 561.371.5700 pamela.gottfried@elliman.com 1111 LINCOLN RD, MIAMI BEACH, FL 33139. 305.695.6300 © 2018 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY

22 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

Leslie Jones and Kenan Thompson

Regina Lasko and David Letterman

John McEnroe and Tom Brokaw Ronald Perelman and Lorne Michaels

IT’S PERFECTLY NATURAL A WHALE OF A PARTY AT THE AMNH photographed by Sylvain Gabour y/PMC Lorne Michaels, Scarlett Johansson and other entertainment world bigwigs gathered for the American Museum of Natural History’s annual fall gala. But evening emcee Colin Jost recognized that the party came during interesting times. “I was just informed that there is a pretty serious New York Times piece being written against the whale,” he said. “The squid finally named names.”


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DRI NKS W I TH D E BBI E

THE PEARLS OF PAULINE PAULINE PITT ON ONE FAMILY'S 99 YEARS IN PALM BEACH by Debbie Bancroft

How long have you been going to Palm Beach? I have come here all my life. I always stayed with my grandfather at “Amado,” his house on the ocean. It was built in 1919 by Addison Mizner. My maternal grandfather, Charles Munn, was nicknamed “Mr. Palm Beach.” When I got older, when my parents divorced, we stayed on my father’s boat, which was tied up to the Phipps dock, right opposite my maternal grandfather’s house. Ironically, I now live about three properties north of the old Phipps dock. I always cried when I had to leave Palm Beach to go back to school in New York. My ex-husband, Dixon, and I bought our first house here in 1979, and I became a full-time resident in 2000. Have you ever not gone? I don’t recall missing a year. Do you see more people making Palm Beach their primary home? So many of my friends have moved here over the past 25 years to make Palm Beach their primary home. Much younger people are living here due to technology and the opening of so many investment houses. You don’t need to be in a big city anymore. Obviously, it is a good life in Florida, due to taxes, weather and the advent of air-

Q conditioning 50 years ago! The schools are full and excellent—the kids attend great high schools and colleges. In my parents’ day (and mine), you went to school in Palm Beach for a few months, and then went back to where you came from. My uncle used to say that they went to school in Palm Beach to “learn how to weave baskets”! It has changed a lot. Do your children come to Palm Beach? Serena and her family come to Palm Beach all the time. Both my kids love Palm Beach!

A

24 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

ULLAN ©PATRICK MCM

When some think of Palm Beach, Addison Mizner or Henry Morrison Flagler may come to mind. I think of someone more modern— Pauline Pitt, of her family legacy, and perspective on the town. She joins me for Drinks with Debbie:


BLUE HIGHLAND

BRIDGEHAMPTON

Offered at $19,500,000 | 72HighlandTerrace.com

HARALD GRANT ASSOCIATE BROKER | 516.527.7712

SOUTHAMPTON BROKERAGE | 50 NUGENT ST., SOUTHAMPTON, NY 11968 | 631.283.0600 | SOTHEBYSHOMES.COM/HAMPTONS Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.

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DRI NKS W I TH D E BBI E How has it changed? It has changed hugely. My mother, who came here starting in 1919, complained that it had changed so much in her time! It’s still a little more like the “old days” in the off-season, when there is little traffic. But overall, it has changed for the better, with so many different types of people and so much to do. No longer are there “lazy days.” I like the diversity of people living here now, as opposed to only one little core group. There are now good restaurants on and off the island, and culture, museums and shows to go to. Miami isn’t far, and it’s so much fun. Palm Beach is not the sleepy little town that it was. Men are rarely in black tie now, except for a charity ball. Mostly no tie, which is a big change from the old days! Still never jeans, though white ones are okay.

Palm Beach is not the sleepy little town that it was. Men are rarely in black tie now, except for a charity ball. Mostly no tie, which is a big change from the old days! Still never jeans, though white ones are okay.

How is the revamped Royal Poinciana Plaza? Sant Ambroeus is such a great addition to our town—it’s beautiful and delicious. I go by almost every day to get something—nearby there are great shops, yoga and Pilates, and it is so pretty at the Plaza. What they have done to “The Royal,” as they now call it, is fabulous! Did you know, as chairman of the Preservation Foundation, we have just completed the revitalization of Bradley Park, opposite from the Royal?

How has having Mar-a-Lago, the so-called White House South, affected life there? I would say that Palm Beach is in the international news now because of Mar-a-Lago. The police seem to have better control of the traffic congestion when the president is in town. We are getting used to it. ✦

Debbie Bancroft has long written AVENUE’s Chronicles column. Her party coverage can still be found on avenuemagazine.com.

A RARE OPPORTUNITY NEAR THE SEA SOUTHAMPTON | $4,495,000 Two separate legal dwellings on .38-acre property near the sea. Live in the totally renovated beach Cottage with designer kitchen, living room, dining area, 2 fireplaces and a beautiful bluestone patio with French doors. A second 2-bedroom Bungalow is suitable for renting. Tucked away in an exclusive Little Plains Beach neighborhood, this unique property has many possibilities. Web# H21341

MARYANNE HORWATH Lic. Assoc. R.E. Broker Office: 631.204.2720 Mobile: 516.617.8938 maryanne.horwath@elliman.com

elliman.com

2488 MAIN ST, P.O. BOX 1251, BRIDGEHAMPTON, NY 11932. 631.537.5900 | © 2018 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

26 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018


EVOLVED LIVING

RARE MOMENTS ARE FEW A LIMITED NUMBER OF COLLECTOR QUALITY RESIDENCES REMAIN OWN A PRICELESS ASSET ON MIAMI’S MUSEUM PARK ESTATE SIZED RESIDENCES PRICED FROM $5.8 TO OVER $20 MILLION CONSTRUCTION HAS NOW REACHED THE ROOFTOP HELIPAD OCCUPANCY THIS YEAR

 

BY ZAHA HADID ARCHITECTS

       

ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. Use and operation of the helipad are conditioned upon obtaining FAA and other governmental approvals. No assurance can be given about whether the approvals can be obtained, and/or if so, the timing of same. Prices and features are subject to change in the sole discretion of the Developer without notice. Any listed prices contained in advertising and other promotional materials are estimates only. These drawings and depictions are conceptual only and are for the convenience of reference. They should not be relied upon as representations, express or implied, of the final detail of the residences. The developer expressly reserves the right to make modifications, revisions, and changes it deems desirable in its sole and absolute discretion. This offering is made only by the prospectus for the condominium and no statement should be relied upon if not made in the prospectus. Void where prohibited by law. FOR NY RESIDENTS: THE COMPLETE OFFERING TERMS ARE IN A CPS-12 APPLICATION AVAILABLE FROM THE OFFEROR. FILE NO. CP16-0131.FOR CALIFORNIA RESIDENTS: WARNING: THE CALIFORNIA BUREAU OF REAL ESTATE HAS NOT QUALIFIED, INSPECTED OR EXAMINED THIS OFFERING, INCLUDING, BUT NOT LIMITED TO, THE CONDITION OF TITLE, THE STATUS OF BLANKET LIENS ON THE PROJECT (IF ANY), ARRANGEMENTS TO ASSURE PROJECT COMPLETION, ESCROW PRACTICES, CONTROL OVER PROJECT MANAGEMENT, RACIALLY DISCRIMINATORY PRACTICES (IF ANY), TERMS, CONDITIONS, AND PRICE OF THE OFFER, CONTROL OVER ANNUAL ASSESSMENTS (IF ANY), OR THE AVAILABILITY OF WATER, SERVICES, UTILITIES, OR IMPROVEMENTS. IT MAY BE ADVISABLE FOR YOU TO CONSULT AN ATTORNEY OR OTHER KNOWLEDGEABLE PROFESSIONAL WHO IS FAMILIAR WITH REAL ESTATE AND DEVELOPMENT LAW IN THE STATE WHERE THIS SUBDIVISION IS SITUATED. MARKETING IN NEW YORK COURTESY OF THE LISTING AGENT ONE SOTHEBY’S REALTY. The complete offering terms are in an offering plan available from the Sponsor. File No. CP160131. Sponsor: 1000 Biscayne Tower, LLC, 425 N. Federal Hwy Hallandale FL 33009. For Massachusetts Residents - This Condominium is being registered with the Massachusetts Board of Registration of Real Estate Brokers and Salesmen.The building is currently under construction but not yet completed. Any images of a competed building are artists’ renderings incorporating the proposed building into the existing skyline. As depicted in the developers brochures or on the developers website, sketches, renderings, graphics, plans, specifications, services, amenities, terms, conditions and statements contained in this brochure are proposed only, and the Developer reserves the right to modify, revise or withdraw any or all of same in its sole discretion and without prior notice.The condominium units are being sold for personal use and enjoyment and 1000 Biscayne Tower, LLC is not making, nor does it condone, any representations about future profit or rental potential of the condominium units. Prospective purchasers of condominium units should not base their buying decision on an expectation of profit derived from or through the efforts of the Developer in any manner including the operation of any rental program or with respect to any future appreciation, as the purchase of real estate is inherently speculative in nature. The project graphics, renderings, unit floor plans and depictions, and text are copyrighted works owned by the Developer. © 1000 Biscayne Tower, LLC 2017 - All rights reserved.

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O B JEC TS OF D E SI RE

FOR THE DREAMERS START YOUR YEAR IN STYLE WITH THESE WONDROUS FINDS by Wendy Sy

HEAVEN SCENT Twist open the cap and add your favorite perfume or essential oil. “I have always been a believer in the power of aromatherapy to enhance health, attraction and romance,” says designer Jacquie Aiche.

Dip Dye Curly Sheepskin Pillow, $270, by MICHAEL ARAM, bergdorfgoodman.com

Bedford embroidered tie sleeve sweatshirt, $245, and Phoebe pleated silk wool shorts, $325, by CYNTHIA ROWLEY, cynthiarowley.com.

Large Solid Gold Potion Bottle Necklace With Moonstone, $9,500, by JACQUIE AICHE, jacquieaiche.com.

Joli Rouge Brilliant Lipstick in Pink Praline, $29, by CLARINS, clarinsusa.com.

WILLIAM EADON

Roses Hourglass Diffuser 2.0, $175, by DIPTYQUE, diptyqueparis.com

AROUND AND AROUND Created by sibling design duo Fahad and Shouq Al-Marzook, each bag from their collection incorporates a circle—representing the cycle of life, completion, inclusion, eternity and the universe.

Crystal Orb Bag with 2,000 Swarovski Crystals, $2,495, by MARZOOK, modaoperandi.com 28 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

Gold Stripe Notebook, $14, by KATE SPADE NEW YORK, katespade.com

Gold Feather Pen, $9, by HIGH FASHION HOME, highfashionhome.com.


FREEZE AWAY FAT Feel confident every day with Skinfluence™ Board certified dermatologist Marina Peredo prides herself on a less is more philosophy to build both beauty and confidence in her patients. At Skinfluence™, the team combines artistry and subtlety to reveal a patient’s unique self.

Book one area, get the second 50% off! Call 212.754.6363 to schedule your consultation

your consultation. Skinfluence™’s other non-invasive packages include: • • • • •

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ARTS CA L E N DA R

ALL EYES ON ART THIS MONTH'S SELECTION OF ARTS AND CULTURE by Ben Diamond

MUSEUMS:

SOLOMON R. GUGGENHEIM MUSEUM

NEW MUSEUM February 13 – May 27 2018 Triennial: Songs for Sabotage

February 9 – May 9 Danh Vo: Take My Breath Away

235 Bowery New York 212.219.1222 newmuseum.org

1071 Fifth Avenue New York 212.423.3500 guggenheim.org JEAN-DANIEL PELLEN, PARIS

THE METROPOLITAN MUSEUM OF ART

THE MORGAN LIBRARY AND MUSEUM January 26 – May 20 Peter Hujar: Speed of Life 225 Madison Avenue New York 212.685.0008 themorgan.org

GALLERIES: LUHRING AUGUSTINE January 30 – March 10 Of Earth and Heaven: Art from the Middle Ages 531 West 24th Street New York 212.206.9100 luhringaugustine.com

1000 Fifth Avenue New York 212.535.7710 metmuseum.org

GALERIE ST. ETIENNE Through February 10 All Good Art is Political: Käthe Kollwitz and Sue Coe 24 West 57th Street New York 212.245.6734 gseart.com

Peter Hujar, BOY ON RAFT, 1978. Gelatin silver print.

CHEIM & READ January 4 – February 17 Barry McGee 547 West 25th Street New York 212.242.7727 cheimread.com

NEVER AGAIN WAR!, 1924. Lithograph with text on dark tan poster paper. Daniel Stoll and Sibylle von Heydebrand Collection at Galerie St. Etienne.

30 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

COURTESY GALERIE ST. ETIENNE, NEW YORK.

© PETER HUJAR ARCHIVE, LLC. PHOTO COURTESY PACE/MACGILL GALLERY, NEW YORK AND FRAENKEL GALLERY, SAN FRANCISCO.

SHE WAS MORE LIKE A BEAUTY QUEEN FROM A MOVIE SCENE, 2009. Mixed media. Collection Chantal Crousel

February 28 – May 28 Golden Kingdoms: Luxury and Legacy in the Ancient Americas


BONHAMS

Your gateway to the international auction marketplace With 400 auctions held internationally in 60 collecting categories each year, Bonhams is perfectly positioned to provide access to outstanding venues for selling your property in New York, London, Los Angeles or Hong Kong while also providing you with exceptional local customer service.

HARRY WINSTON. A MAGNIFICENT DIAMOND RIVIÈRE NECKLACE, 1964 Formerly property of Zsa Zsa Gabor Sold for $1,272,500

Should you have items you wish to be considered for upcoming auctions, please contact: Jon King Palm Beach +1 (561) 651 7876 Miami +1 (305) 228-6600 Fort Lauderdale +1 (954) 566 1630 New York +1 (212) 644 9033 jon.king@bonhams.com

bonhams.com/florida © 2017 Bonhams & Butterfields Auctioneers Corp. All rights reserved. Principal Auctioneer: Matthew Girling, NYC License No. 1236798-DCA

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ARTS CA L E N DA R

GALLERIES:

GAVIN BROWN’S ENTERPRISE

303 GALLERY January 11 – February 17 Stephen Shore

January 14 – February 25 Latoya Ruby Frazier

555 West 21st Street New York 212.255.1121 303gallery.com

439 West 127th Street New York 212.627.5258 gavinbrown.biz

SEAN KELLY January 6 –February 3 Edifice, Complex, Visionary, Structure 475 10th Avenue New York 212.239.1181 skny.com

FINDLAY GALLERIES January 26 – February 3 Master Drawings 724 Fifth Avenue New York 212.421.5390 wallyfindlay.com

DAVID ZWIRNER

LÉVY GORVY

January 13 – February 17 David Zwirner: 25 Years

January 10 –February 17 Terry Adkins: The Smooth, The Cut and The Assembled

519, 525 and 533 West 19th Street; 537 West 20th Street New York 212.727.2070 davidzwirner.com

This exhibition has been made possible thanks to the:

STUDENTS AND RESIDENTS OUTSIDE NORTH WESTERN HIGH SCHOOL (EST. 1964) AWAITING THE ARRIVAL OF PRESIDENT BARACK OBAMA, MAY 4TH 2016, 2016. Gelatin silver print.

909 Madison Avenue New York 212.772.2004 levygorvy.com ✦

fitnyc.edu/avenue

Photograph by Milton H. Greene @ 2017 Joshua Greene, archiveimages.com.

#MuseumAtFIT #Norell

February 9, 2018 through

april 14, 2018 Admission is free

227 W. 27th St., New York, NY 10001 32 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018


FEBRUARY 15-19 | 2018 VIP PREVIEW FEBRUARY 15

INTERNATIONAL CONTEMPORARY ART FAIR

N E W D O W N T O W N M I A M I L O C AT I O N | H E R A L D P L A Z A AT N E 1 4 T H S T PARTICIPATING GALLERIES 11.12 GALLERY MOSCOW | 55BELLECHASSE PARIS | ANALOG PROJECTS NEW YORK | ARCHEUS / POST-MODERN LONDON | ARTIUM MIAMI ART GALLERY MIAMI | ART NOUVEAU GALLERY MIAMI | ARTLABBÉ GALLERY SANTIAGO | ASCASO GALLERY MIAMI | AVANT GALLERY MIAMI | BLUE GALLERY DELRAY BEACH | CANTOR FINE ART VENICE BEACH | CERNUDA ARTE CORAL GABLES | CHRISTOPHER MARTIN GALLERY ASPEN | CONTESSA GALLERY CLEVELAND | CYNTHIA CORBETT GALLERY LONDON | DEAN PROJECT MIAMI BEACH | DURAN|MASHAAL MONTREAL | EUROPEAN DESIGN & ART HALLANDALE | EVAN LURIE GALLERY CARMEL | FABIEN CASTANIER GALLERY LOS ANGELES | FF 1051 GALLERY LOS ANGELES | FORD & ROJAS GALLERY DELRAY BEACH | GALERIE ISABELLE LESMEISTER REGENSBURG | GALLERY 2014 HOLLYWOOD | GALLERY FREDERIC GOT PARIS | GALLERY TABLEAU SEOUL | HG CONTEMPORARY ART CENTER NEW YORK | IMAGINART GALLERY BARCELONA | LAURENT MARTHALER CONTEMPORARY ZURICH | MAC MILAN | MARTINEZ- PEDROSA STUDIO MIAMI | MASTERWORKS FINE ART GALLERY OAKLAND | MICHALI GALLERY WEST PALM BEACH | NINE GALLERY GWANG-JU | OLIVER COLE GALLERY MIAMI | PONTONE GALLERY LONDON | PROJECTS GALLERY MIAMI | RANIVILU ART GALLERY MIAMI | SOL ART DUBLIN | THE LAWLEY ART GROUP DALLAS | WALTMAN ORTEGA FINE ART PARIS | WHITESPACE COLLECTION WEST PALM BEACH | WYNWOOD 28 | ART GALLERY MIAMI (List in formation)

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12/1/2018 10:59


TRE N D S CA PE

SOUTHERN COMFORT ZONE PICKS FOR CHANNELING WARM, SUN-STRUCK VIBES by Kelly Laffey

Support the National Parks with this comfy tee.

COZY KNITWEAR For those of us spending the winter in New York, cozy clothes are essential. West Coast brand Marine Layer prides themselves on their “absurdly soft” shirts. “Fabric has been core to our company,” says cofounder Mike Natenshon, who sought to recreate the feel of a well-worn shirt. “That is what pushed us to develop a new, softer yarn as a traditional cotton didn’t really cut it.” The brand features men’s, women’s and kids’ clothes, as well as a new sport line coming out in early February. Marine Layer has also partnered with the National Parks Foundation to raise money through its “Charitees” program—$15 from the sale of each National Parks T-shirt goes to the foundation. marinelayer.com.

BRANDS THAT CARE Raven + Lily is an Austin-based B Corporation—meaning it has reached rigorous standards of social and environmental performance—that employs female artisans worldwide. Founded by Kristin Dickerson, Raven + Lily provides fair-wage employment to its artisans to alleviate the cycle of poverty. The company reinvests all of its profits into its social mission—to empower marginalized women through design by providing them with a sustainable income, to launch new partnerships, and to fund community education and healthcare needs. Check them out at the Maiyet Collective in SoHo. ravenandlily.com Each Raven + Lily product lets purchasers know about the artisans who benefit.

“So far we’ve raised more than $50,000 for the National Parks.” —Mike Natenshon

I F T HE S HOE FITS! Oh so Palm Beach.

The new Royal Poinciana Plaza will feature New York favorite salon Paul Labrecque.

FASHIONABLE HAIR Frizzy hair, be gone! New York favorite salon Paul Labrecque will open in Royal Poinciana Plaza in January, ready to banish the havoc that South Florida humidity can wreak on hair. “The salon will be a true luxury oasis where people can relax and get beautified,” says co-owner Brian Cantor. “Royal Poinciana Plaza is the most beautiful property. It’s situated right on the Intercostal, and our salon overlooks this amazing garden.” Though the space is smaller than the one in the city, guests can expect the same quality of service, with a lineup of products, nails and skin care treatments. paullabrecque.com 34 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

A NEW PAIR Just because boots were made for walking doesn’t mean that slippers were made for snoozing, especially if they look as fun as these. Also coming to Royal Poinciana Plaza this season is preppy contemporary brand Cremieux. In celebration of its first Palm Beach shop, they've debuted the Palm Beach Slipper. In heather gray—to contrast with South Florida’s blue skies, no doubt—the slippers feature palm trees and surfboards, combining the style of St. Tropez with the spirit of Palm Beach. danielcremieux.com


852.3980 AN APPROACH THAT AN APPROACH THAT BRINGS GLOBAL VISION BRINGS GLOBAL VISION AND LOCAL INSIGHT TO AND LOCAL INSIGHT TO

your front door your front door

Bringing dedication, insight and a global perspective to New York or wherever else you live or travel. Deeply understanding your individual needs. Creating a customized strategy rightDeeply for you. All Bringing dedication, insight and a global perspective to Newwealth York ormanagement wherever else you livethat’s or travel. aspects of an approach that connects to your values and goals. Onemanagement that’s been trusted forthat’s over right 200 years. understanding your individual needs. Creating a customized wealth strategy for you. All ® Life’s better we’rethat connected aspects of anwhen approach connects to your values and goals. One that’s been trusted for over 200 years. Life’s better when we’re connected®

To learn more, please contact: JENNIFER M. LEE To learn more, please contact: Managing Director JENNIFER M. LEE Market Executive Managing Director jennifer.m.lee@ustrust.com Market Executive jennifer.m.lee@ustrust.com

114 West 47th Street New York, NY 10036 114 West 47th Street 212.852.3980 New York, NY 10036 212.852.3980

U.S. Trust operates through Bank of America, N.A., Member FDIC. © 2017 Bank of America Corporation. All rights reserved. | AR6HSD5P | UST-133-AD U.S. Trust operates through Bank of America, N.A., Member FDIC. © 2017 Bank of America Corporation. All rights reserved. | AR6HSD5P | UST-133-AD

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9/1/2018 11:22


JEW E L RY B OX

GYPSY SETTING

JEWELRY DESIGNER PEGGY STEPHAICH GUINNESS ON HOW HER FAMILY INSTILLED HER LOVE FOR TRAVEL AND HÔPITAL ALBERT SCHWEITZER HAITI by Wendy Sy

“Seeing the jewelry assemble and create itself is the most rewarding part of designing. When it clicks, that’s it.” —Peggy Stephaich Guinness

Turquoise bead necklace set with iolite and fluorite.

36 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018


Real estate agents affiliated with The Corcoran Group are independent contractor sales associates and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer. 51 Main Street, East Hampton NY 11937 | 631.324.3900

Cormorant Point Hampton Bays. Spanning almost 175’ of Shinnecock Bay, along a bulk-headed, sunrise oriented coastline, a 5,000 SF residence offers a unique waterfront experience on 1.25 acres bordering acres of coastal preserve. Custom built for exacting owners, this 5 bedroom, 7 bath oasis offers 180’ views across the water and to ocean beyond. The expansive great room with fireplace, while sun drenched by day, will at night, be the focal point of all your entertaining. The very complete, eat-in kitchen, augmented by a butler’s pantry, is more than adequate to service the dining room and opens to an expansive screened porch for dining, water views or those postprandial cigars. A media room, a guest master suite and powder room complete the first floor. Begin and end your days upstairs in the master wing which includes an expansive bath with steam shower, jacuzzi overlooking the bay and heated floors while the sleeping chamber, surrounded on 3 sides by expansive vistas, opens to its own porch where you will savor your morning coffee as the sun rises from the sea. Completing the second floor, three additional bedrooms, with baths ensuite are joined by a library overlooking the bay, destined to become a place to read your favorite author. The finished lower level offers gym, wine cellar and full bath with steps up to the pool. Series of French doors open to the covered porch with steps down to the heated Gunite pool, augmented by automatic cover and framed by an expansive lawn rolling down to the bay where your own staircase takes you to a sandy beach and perhaps, a future dock. A short drive south takes you to ocean beaches while nearby to the east lies Southampton Village with its numerous shops and restaurants. Available for the first time for one discerning buyer, this beautifully articulated waterfront estate awaits your inspection today. Exclusive. Price Upon Request WEB# 46561

AM0218_Corcoran DePersia_r0.indd 1

Southampton to Montauk...Sagaponack to Shelter Island The Hamptons for Buyers, Sellers, Renters & Investors

GARY R. DePERSIA Licensed Associate Real Estate Broker

m: 516.380.0538 | gdp@corcoran.com

9/1/2018 12:12


HI D D E N G E M

“For 26 years... Specializing in Palm Beach Luxury Properties”

Established

1989

NEW LISTING

NEW LISTING

VILLAS - AMAZING PENTHOUSE

utely stunning views from this coveted direct lakefront 6,466 ouse with 2,889 sq.ft. wrap around terrace...impact sliders e in a lifetime opportunity to purchase this never before et ok. ost Prestigious Building in Town... $9,695,000

THE VILLAS - WORTH AVENUE Prestigious building with outstanding lake views. 3BR/3BA with formal entry and dining room features: high ceilings, hardwood parquet floors. Full service building, with garage and bldg. generator. Best location in town. It doesn't get better than this. Pets accepted. Glorious Unit Lives Like A Home... $4,995,000

The brooch has a 36-carat hexagonalcut topaz, and contains 124 rose and old European-cut diamonds with an approximate total weight of 1.30 carats. The center topaz is flanked by dimensional enameled butterflies. With antique box. Circa 1900. Exhibited at “French Jewellery of the Nineteenth Century” June 13–23, 2001, Wartski, London. Price available upon request.

NEW PRICE

CT INTRACOASTAL WITH DOCK

R/5.5BA approx. 9,500 total sq.ft. waterfront home, with coastal views from every room... Fabulous for entertaining with pen floor plan, cathedral ceilings, wonderful eat-in kitchen / ble floors, three car garage and a new dock. peccable Condition...Must See! $4,495,000

NEW LISTING

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THE BUTTERFLY EFFECT

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wentieth-century decorative arts dealer Ben Macklowe has newly christened the Macklowe Gallery, his glimmering showcase located at 445 Park Avenue on the corner of 57th Street. The 6,200-plus-squarefoot space features large glass windows revealing French Art Nouveau furniture and objects including Tiffany lamps and glassware, antique and estate jewelry. Among its many treasures is an ornate decorative jeweled butterfly, formerly owned by Charlotte Chandler, Manhattan’s notably eccentric jewelry collector. The exceptional French Art Nouveau 18-karat gold and enamel brooch was purchased by Chandler from Wartski, London. Art and jewelry connoisseurs know Wartski for the firm’s collection of signed works by masters like Carl Fabergé. Macklowe acquired the butterfly last year and has still not been able to solve the mystery of its source. With all its beauty and ornate details, including movable wings decorated with realistic gold veining, plique-à-jour and translucent enamel edged with diamonds, the butterfly has no signature. There is only one tiny French mark with no other identification. Wartski also had been stumped, and neither Macklowe nor Wartski, two of the world’s most esteemed purveyors of antique art and jewelry, are able to identify the creator of this masterpiece. Macklowe is convinced that someone must know who made this magnificent piece of jewelry and he is offering a $15,000 reward to anyone who can unequivocally prove the identity of its maker. ✦


EST. 1870

F EBRUARY 1, 2018

ART FINDLAY

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FO O D FO R THOUG HT

SURF (AND TURF’S) UP? IT'S JUST ANOTHER NIGHT IN FOODIE PARADISE by Beth Landman

W

hen the Breakers transformed its staid and formal French lobby restaurant L’Escoffier to the ’60s-themed small bites bar HMF several years ago, there was a sea of change at the legendary hotel, which suddenly became a center of Palm Beach nighttime activity. The resort is now taking another step in dining dominance: last season it unveiled Seafood Bar, which has huge windows overlooking the Atlantic. The design by Adam Tihany makes diners feel as if they are aboard a yacht, with oversized windows affording an inspirational view of the Atlantic. Dayboat catch is displayed on a white marble– topped open kitchen, and an impressive selection of wines is available by the glass. In December, Hamptons restaurant Osteria Salina opened an outpost in Delray Beach. “We’ve had a house here for many years,’’ explains Tim Gaglio, who, along with his wife, Cinzia, owns the restaurant and previously had Coho Grill in Boca and the Polo Grill in Palm Beach Gardens. Look for the same authentic Sicilian fare that the couple offers on the East End, including local fish and homemade pasta. Another Hamptons (and New York) favorite, Sant Ambroeus, which opened last season in Palm Beach’s Royal Poinciana Plaza and was an overnight sensation, has

Let’s Eat! Seafood Bar 1 South County Road Palm Beach, FL 33480 855.435.5747 thebreakers.com

Osteria Salina 9 Southeast 7th Avenue Delray Beach, FL 33483 561.330.1237 osteriasalina.net

Sant Ambroeus 340 Royal Poinciana Way #304 Palm Beach, FL 33480 561.285.7990 santambroeus.com

RH Rooftop 560 Okeechobee Boulevard West Palm Beach, FL 33401 561.804.6826

Avant 25 NE 2nd Avenue Delray Beach, FL 33444 561.921.8687 Everything is hand-crafted at Avant

avantdelray.com

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Oliv Pit 6006 SW 18th Street, 6B, Boca Raton, FL 33433 561.409.2049 Seafood Bar at the Breakers makes diners feel like they're aboard a yacht.

added live music on Wednesday nights, which has made the place even more of a scene. In addition to the regular menu, smaller bites are offered at the bar. Just before Thanksgiving, Restoration Hardware in West Palm Beach opened a restaurant called RH Rooftop, in partnership with Chicago-based Hogsalt Hospitality. Though it

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olivepitgrill.com

only serves until 8 p.m., it draws crowds for its simply prepared food. “There was a 70-minute wait the other day, but there is a glass atrium and at sunset it’s beautiful!’’ shares one local. While waiting you can always shop—everything you are sitting on or eating off is for sale. It’s the rotating art pieces on the walls that are for sale along with the food at Avant, which opened this October in Delray.

Tanzy 301 Plaza Real Boca Raton, FL 33432 561.922.6699 tanzyrestaurant.com

Restaurant at Rose Hill 34 East 32nd Street New York, NY 10016 212.448.1302 rosehillrestaurant.com


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Oliv Pit uses olives instead of wood in its burning oven.

210 Sunset Road, West Palm Beach | $1,975,000 3-BR, 2.5-BA | elliman.com/florida/RX-10388070

CHRIS LEAVITT Director of Luxury Sales M : 917.664.0720 chris.leavitt@elliman.com

LEAVITT/MCINTOSH TEAM AT DOUGLAS ELLIMAN REAL ESTATE

1111 LINCOLN RD, MIAMI BEACH, FL 33139. 305.695.6300 © 2018 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY

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Owner Steven Dapuzzo overhauled the space formerly occupied by Solita. Retractable doors now open onto a courtyard that faces a small park, and global dishes run the gamut from Korean barbecue short ribs on top of creamy mushroom risotto with peas, to grilled octopus with wilted greens and cauliflower puree. “Whether it’s the art, the food or the cocktails, everything here is hand-crafted and set in a very social environment,’’ says Dapuzzo. Delray’s newest status symbol? Monogrammed steaks. The town’s popular hybrid, Prime Steak Sushi and Seafood, reopened in November as Prime Tuscany Steakhouse, and diners can now have their names branded on the Tomahawk steaks they order. (You can probably even order a few ahead in case you’re planning a party and want something more creative than the usual place cards!) Mediterranean cuisine is on the menu at Oliv Pit in Boca Raton, so named because it uses olive pits instead of wood in its burning oven. “The pits impart a smoky flavor, and they are wonderful from a conservation standpoint because we aren’t burning trees,’’ explains owner Emmanuel Vlahos, who spent 24 years in Athens. The focus is on family-style sharing, and there are plenty of appetizers. Four different kinds of salads can be topped with skewers of lamb, chicken, beef or fish. A designer from Athens has given the room authentic flair using whitewash and rustic wood. Former Wolfgang Puck partner and TV personality Sherry Yard, who worked at Spago for 19 years and then became COO of iPic Entertainment Group's Restaurant Division, is also cooking in Boca. The chef stepped in and redesigned the menu at the theater’s restaurant, Tanzy, adding such dishes as gluten-free beet agnolotti with mascarpone potato filling, poppy seeds, black winter truffle and parmesan; and yellowtail crudo with passion fruit splash, crispy shallots, radish, micro cilantro, grapefruit and herb oil. Back in New York, many people flocked to Restaurant at Rose Hill over the holiday season. The latest from Frederick Lesort, long a favorite of the New York social set, is in Murray Hill, new turf for the dapper restaurateur. “I was hesitant about the neighborhood but recognized that it’s in between uptown and downtown, and I fell in love with the physicality of the space, which feels like it is in London or Paris,’’ explains Lesort. Located within the boutique HGU hotel, it has a cozy, 46-seat dining room, along with an elegant little bar upfront and a bigger lounge with a fireplace in the back. “In the summer, we will open a rooftop,’’ he reveals. ✦


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S URRE A L E STATE

A MEDITERRANEAN REVIVAL MASTERPIECE REVIVED ADDISON MIZNER’S 2 VIA MIZNER STILL DELIGHTS by Christopher Cameron

A

t the height of his career, Addison Mizner, the exuberant six-footthree, 300-pound father of the Mediterranean Revival, worked from the property now called 2 Via Mizner, designing some of the most prominent estates in South Florida for everyone from Sir Oswald Birley, portraitist to the British royal family, to Mrs. William K. Vanderbilt, Jr. Today, those offices are a sprawling threebedroom condo reminiscent of the very luxurious abodes it so famously produced. And now, that condo has hit

2 Via Mizner played an essential role in solidifying the so-called Palm beach look. the market for the first time ever, asking $9.995 million, following a detailed residential conversion in 2007. The apartment has all the classic Mizner ingredients: wrought iron, red barrel-tile roofs, pecky cypress wood and white stucco. “In the entirety of Palm Beach, I would say something under 10 percent of condos are larger than 3,000 square feet. This is more than 5,600 square feet, a

very rare thing indeed,” Suzanne Frisbie, who is listing the unit for Corcoran, says. But more than size, it’s really history that’s for sale here. 2 Via Mizner played an essential role in solidifying the so-called Palm Beach look and transforming South Florida into a fantasyland for the superrich. “Mizner was a society architect like none of the other society architects. The other grand

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architects du jour were very stuffy people. They came to meetings in morning suits with what the British call a ‘stiffy’— you know, a stiff collar,” says Richard René Silvin, the author of Villa Mizner: The House That Changed Palm Beach. Unlike them, Mizner wasn’t a formally trained architect. He spent his life traveling through colonial South America, California and Spain, and had


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failed as a gold miner in the Canadian Yukon and as a prizefighter in Australia. After arriving in Palm Beach, he was seen parading around town with his pet spider monkey Johnnie Brown on his shoulder and a parrot in his hand. Mizner’s first major commission in South Florida was the Everglades Club, a hospital for the wounded of World War I that was transformed into the most exclusive private club in Palm Beach—which, of course, remains the case. The project included a main building, eight separate villas, tennis courts, golf course, a parking garage and a yacht basin. But it was the property’s then unique “Spanish style” that would set it apart. Mizner called upon his university studies in Salamanca to create a romantic Old World retreat that would complement the Florida environment rather than compete with it—as so many of the aristocratic Tudor Revival estates of that time did. Architecturally, the Everglades Club became the starting point for today’s Palm Beach. At the club’s opening in 1919, Mizner met Palm Beach high society queen Eva Stotesbury and promised her the grandest estate on the island in just one year. The result was El Mirasol, a 37-room Spanish Revival palace with a 40-car garage, teahouse, auditorium and private zoo. By 1923, Mizner’s architecture and interiors were de rigueur among the smart set. He built the subject at hand, 2 Via Mizner, across the street from the Everglades Club in a complementary style to showcase his pottery and antiques, and to house his draftsman. From these new offices, he began designing the rest of Via Mizner and his own famous five-story mansion, Villa Mizner, according to Amanda Skier, executive director of the Preservation Foundation of Palm Beach. That same year, he completed La Guerida, which would become President John F. Kennedy’s renowned “Winter White House.” Mizner’s home became the fashionable destination for the less fettered members of Palm Beach society. Irving Berlin would stop by to play piano for guests and clients. Isadora Duncan performed in his living room. And it was pleasurable for Mizner, too. “There was a favorite handsome young draftsman who would sleep in Villa Mizner, after slipping across the bridge” from 2 Via Mizner, Silvin says. “Mizner was gay, but in the way that society people in the 1920s were. He was that odd combination of being somewhat flamboyant, but totally closeted. He was charming, gentle and a bon vivant.” But Mizner’s time at his new playground was tragically punctuated. In 1925, the South Florida real estate market collapsed. The next year a hurricane ravaged South Florida. Thousands of homes were destroyed and several hundred people died. The area sank into such a prolonged depression that the stock market crash of 1929 barely made an impact, according to economic analyst Jesse Colombo. Perhaps worst of all, Mizner's beloved monkey died and was buried just outside Villa Mizner—it’s said to haunt the property to this day. The architect himself died in 1933, penniless but with a profound legacy. “2 Via Mizner is an iconic and significant example of Mizner’s influence on Palm Beach,” Skier says. “You could say it is the pinnacle of his career.” ✦


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PALM WONDERFUL A Housing Boom, Hot New Faces and Everything Else Making Palm Beach Sizzle in 2018

APRIL | MAY 2017 • AVENUE MAGAZINE | 49


ROBERT “TINO” RIVA, an investment advisor and financial whiz kid, credits his success in finance to his international upbringing in London, Geneva, Boston and Miami. Now settled in Palm Beach, Tino worked at Morgan Stanley before launching his new company, Jefferson Capital, focusing on cryptocurrency.

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THE NEXT GENERATION STEPS INTO THE SUNLIGHT

Photographed by Nick Mele Produced by Sam Bolton

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CARLOS GRACIDA JR. (below), a fourthgeneration horseman, has played polo since age 4, and turned professional at 15. The son of a legendary polo player and horseman, Gracida currently spends the fall, winter and spring seasons playing at the Grand Champions Polo Club in Wellington on the Dutta Corporation polo team. Along with his brother, Mariano, Carlos has started a lifestyle brand, and will be debuting Gracida-branded wine this coming year.

TO SOME, Palm Beach seems an old age community for America’s entrenched oligarchy. But once, it was the upstart of American resorts, a new kind of club created by nouveaux riches, albeit noovs with the sort of names that would later be writ in gilt on the walls of Gilded Age monuments and museums. Despite the social heights its denizens inhabit, Palm Beach has always had its ups and downs. Lately, it’s been having a renaissance. Once mostly shuttered off-season and shunned by the young, it’s become a year-round town bustling with new business and new energy. AVENUE enlisted Sam Bolton, whose great-grandfather Barclay Warburton, Palm Beach’s first “society” mayor, built Villa des Cygnes, one of its first Addison Mizner houses, and Nick Mele, grandson of Marion Oates “Oatsie” Charles, a grande dame of Washington, D.C., and Newport, Rhode Island, to document this generational shift.

“I was inspired by the great Slim Aarons Palm Beach shoots,” says Bolton, explaining why he suggested the talented young Mele to shoot this portfolio. “That particular style still exists but in an updated way. Something’s been lost but Palm Beach has defiantly retained its romance.” Now, a rising generation of young people, some with old names and some making the new new money, are shifting the tides here once again. The faces may change, but Palm Beach is forever.

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ALLEGRA FANJUL GARCIA-VELEZ (right) is the daughter of one of the four brothers who control the massive Fanjul sugar and real estate interests, which moved to Florida from Cuba in 1959 after that country’s revolution. Allegra has had a passion for jewelry since she was a little girl. A life-long resident of Palm Beach, she married her husband, Calixto, in 2016. Her jewelry collection and tips on fashion and design can be found on her lifestyle site, veryallegra.com. She is about to add a fine jewelry collection of diamonds and rose gold, along with made-to-order pieces.


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CLEMENTINE GOUTAL, an equestrienne and Brown University graduate, grew up in New York City. She spent many winters in Palm Beach with her grandmother, Terry Allen Kramer, often riding at Wellington. When she recognized the need for education for young athletes who are unable to attend regular classes, she founded the Upper Echelon Academy in Wellington. Her causes also include the Equus Foundation, founded to ensure the welfare of America’s horses.

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SERENA MATTSON (left) has led a truly international life. She was born in Greenwich, grew up in Switzerland, London and Dubai, and has a master’s in communications from NYU. She and her husband are also active supporters of the SEAL Future Fund and the Wounded Warrior Project. They recently moved to Palm Beach full-time.

MAURA SMITH (above) graduated from Villanova in 2005, moved to New York and worked at Christie’s auction house for almost a decade. In 2012 she moved to Palm Beach to run Christie’s Palm Beach office. After a short stint at Paddle8, she is now vice president and regional director of Phillips, cultivating collectors of contemporary art, photographs and design in New York, London, Hong Kong and Geneva.

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GEORGINA BLOOMBERG, a recent recipient of the Brooke Astor Award from the Animal Medical Center, is a professional equestrienne, philanthropist and author. A daughter of the founder of the Bloomberg information empire, who also happens to be the former mayor of New York City, she is a founder of the Humane Generation/ Friends of Finn committee, which is dedicated to fighting puppy mills. In 2006 Georgina also founded the Rider’s Closet, collecting used riding clothes to donate to intercollegiate riding programs and riders in need. In addition to raising multiple adopted animals and being the mother of a young son, she recently became an investor in the newly launched South Beach Brewing Company.

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NIC ROLDAN (below), born in Buenos Aires, is a third-generation eight-goal polo player, owner of 30 polo horses and the captain of the American Polo Team. He is the son of Dee Roldan, an interior decorator, and Raul Roldan, who once played for the sultan of Brunei, and hashimself played with Prince Harry. He and his mother now buy, renovate and flip properties in Wellington. Nic is also a dedicated philanthropist, supporting Rally for Kids with Cancer and Brooke USA among others.

GABRIELLE CONIGLIO (right) was born and raised in a very accomplished Palm Beach family: her mother is the mayor, and her father owns and operates the iconic restaurant E.R. Bradley’s. Gabrielle is a triple threat: a chef, real estate agent and amateur boxer. After a short stint at Jean-Georges’ Perry Street restaurant in Manhattan, and Justin Smillie’s Upland in South Beach, Gabrielle settled full-time in Palm Beach, where she caters private events and works for Douglas Elliman.

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GEORGE MERCK AND GRACE MERCK, brother and sister, and members of the family that established the world’s oldest pharmaceutical company, were schooled in Palm Beach. After spending several years in New York working in public relations for a jewelry designer and teaching preschool, Grace returned to Palm Beach in 2016 and opened Grace Boutique with her mother, Dede. It features women’s clothing and accessories unique to Palm Beach. George moved to New York, where he worked in real estate before becoming a sales executive at Milk Studios Gallery and now curates its contemporary art shows. George has also become a collector himself and is the youngest member of the board of trustees for the Smithsonian’s Archives of American Art. Although he lives in New York full-time, he says, “Palm Beach will always be my home.”

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INDIA PAULL AND JIMMY HANCOCK (left) grew up native Floridians. India, a third-generation Palm Beacher, manages Theory in Palm Beach and is a broker for Brown Harris Stevens. Earlier, she managed the Worth Avenue outposts of Badgley Mischka, Emilio Pucci and John Barrett. Her philanthropic interests include the Four Arts Contemporaries and Lighthouse International, and she is cochair of the Flagler Museum Contemporaries. Jimmy earned his BS in finance and marketing from Tulane University. He works in real estate development and is the senior asset manager for Encore Capital Management. They met when India moved back to Palm Beach from New York, and they married two years ago atop Ajax Mountain in Aspen, Colorado.

SEBASTIAN KEITEL (right) was born in Palm Beach, schooled in New York and graduated from Southern Methodist University with a journalism degree. He is now focusing his time on a luxury fashion brand, De Lesseps, purveyors of classic linen shirts and jackets for men and women. The company’s name honors his grandfather Ferdinand de Lesseps, developer of the Suez Canal.

DARCY FOGG (opposite) is a self-styled “lifestylist” and digital influencer. She graduated with a degree in art history from Columbia and also studied at London’s Le Cordon Bleu, the culinary school in London. She devotes most of her time to running her website Fogg Of Fashion, covering luxury fashion, beauty and travel, and works as an event planner and caterer. Darcy and her husband, Nat, divide their time between Manhattan and Palm Beach.

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LOY ANDERSON (standing in front of car), KENT ANDERSON, KRISTINA MCPHERSON and BETTINA ANDERSON are the third generation of a noted Palm Beach family, their grandparents having moved there in the 1950s. The four siblings started a charity for children, the Paradise Fund, in 2005. Its Paradise Ball was a staple of the young social season for 10 years. Loy, the eldest, is currently working on his master’s in psychology. Kent is a traveling filmmaker whose short films focus on social and environmental concerns around the world. Twins Bettina and Kristina are the youngest. Kristina is a realtor for Corcoran and is about to have her third child. Bettina has a wedding planned later this year in Ireland.

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LIST Palm Beach NOT SINCE THE 1960’s has the president of the United States spent the holidays in once-sleepy South Florida. Thanks to its new role as the seat of American political power, even the fiercest #resister has to admit that Palm Beach is more relevant than it’s been since JFK took to his Winter White House on North Ocean Boulevard. But it’s modish for more than the unofficial power powwows at Mar-a-Lago, and the attendant press and lookie-loo gaggles. Changes in latitudes. And changes in attitudes. Last year, we profiled the “Coconut Cabinet”— what we called the Intercoastal influencers whom we expected the then president-elect to turn to for guidance. (We didn’t realize he’d be in dire need of golf partners, too.) And now, we’re seeing a crop of young, fresh faces—photographed on the preceding pages—who are challenging Palm Beach’s reputation as a haven for stuffy oldsters. They’re making the town more magnetic, palmary and—dare we say—worth it. Not all of them belong to the private clubs that illustrate our 2018 Palm Beach A-List. But we’d rather be where they are!

illustrations by Mokshini

So, with that in mind, we present our annual PB prospectus. To use local vernacular, we’ve given it a chemical peel, scraping away some of the fading figures who populated it in years past to leave behind the beachin’ locals who truly embody the old town’s new direction.


A

Donna and Bill Acquavella Suzanne and Michael Ainslie Annette Tapert and Joe Allen Maribel Alvarez Leon Amar Bettina Anderson Kent Anderson Loy Anderson Ann-Britt and Christian Angle Alexandra Hufty Anlyan Iris Apfel Marcia and Eugene Applebaum Christina Araskog Jessie and Rand Araskog Eileen and Bill Araskog Jane Carroll and Leo Arnaboldi Theodora Aspegren Lian Fanjul de Azqueta and Norberto Azqueta Sr. Robin and Norberto Azqueta Jr. Lyanne Azqueta

B

Robert Bailey Mary and Kane Baker Lavinia Baker Tori Baker and Nick Papanicolaou Robert J. Barrett III Danielle and Sascha Bennemann Nellie Benoit Gigi and Harry Benson Lori and Michael Bernstein William Bernhard Tony and Vanessa Bayer Diane de la Bégassière Victoria Hagen and Michael Berman Susan Lovejoy and Fernand Bibeau Christopher Bickford Lizzi Bickford Paula and Michael Bickford Georgina Bloomberg Mary Bloomberg Toinette Boalt Arianna and Dixon Boardman Nadine Kalachnikoff and Lars Bolander Alexandra Villard de Borchgrave James Borynack Nancy and Larry Bossidy HRH Princess Maria Pia of Savoy and Michel de Bourbon-Parme Stephanie Seymour and Peter Brant Kimmie and Steve Brauer Jackie and Beau Breckenridge Katherine Bryan

Ginny Burke Jean and Harry Burn Whitney and Eric Bylin

C

Denise LeFrak and John Calicchio Lee Calicchio Liza Pulitzer and Robert Calhoun María Vázquez and Adolfo Cambiaso Oliver Cameron-Hayes Kim Campbell Iris Cantor Trish Carroll Countess Christina de Caraman Stockard Channing Mary Brittain and Kendall Cheatham Luce Churchill Alfred and Querube Clark James Berwind and Kevin Clark Tiffany and George Cloutier Jimmy and Lisa Cohen Alex and Amanda Boalt Coleman Annabelle and Denis Coleman Kim and Payson Coleman Timothy Coleman Cristina Condon Mayor Gail Coniglio and Frank Coniglio Gabrielle Coniglio Carissa Fanjul Coniglio and Nick Coniglio Suzanne Kent Cooke Agneta and Brownlee Currey Jr. Christian Currey Frances Currey Briggs Samantha Curry Stephanie Currey and John Ingram Merrill and Ashton Curtis

D

Shannon Donnelly Jackie Weld Drake Renate and Alex Dreyfoos Fiona and Stanley Druckenmiller Mimi Duncan

E

Diana and Lloyd Ecclestone III Tori and First Sgt. Matt Eversmann

F

Annie and Michael Falk Cathie and Andres Fanjul Emilia Fanjul and Brian Pfeifler Emilia and J. Pepe Fanjul Nico Fanjul Nikki and Alex Fanjul Lourdes Fanjul and J. Pepe Fanjul Jr. Raysa and Alfy Fanjul Reddy Fanjul Tina Fanjul Lillian and Luis Fernandez Nacho and Delfina Figueras Ross Meltzer and Victor Figueredo Bill Finneran Nicole Fischer Courtney Fischer Anne Fisher Kirsten and Averell Fisk Judy Flynn Darcy Fogg Lydia and Bob Forbes Darrah Gleason and Bill Ford Walter Raquet and Sabrina Forsythe Melanie Charlton and Jordan Fowler Kim Fox Marguerite and Cyrus Freidheim Elissa and Bobby Friedman

G

Gay Hart and Stanley Gaines Tim and Christie Gannon Calixto and Allegra Fanjul Garcia-Velez Philippe and Nan-b Gaspé-Beaubien Robbin Bain and Alexander Gaudieri Julie and Philip Geier Jr. Catharine and Bradley Geist Lori and Bruce Gendelman Barbara and Peter Georgescu Jill and David Gilmour Pamela Fiori and Colt Givner Paula and Eric Gleacher Roni and Gerry Goldsmith Darcy and George Gould Brianne Goutal Clementine Goutal Carlos Gracida, Jr. Patti and Clark Graebner Ellen and Ian Graham Susan Gray Mei Sze and Jeff Greene Regina and Rainer Greeven Kenneth C. Griffin Mary Kirk and Alex Hufty Griswold Audrey and Martin Gruss Kate and Jimmy Gubelmann Shelly and Billy Gubelmann Susan Gubelmann Helen and Winston Guest Jr. Hilary and Bryant Gumble Danielle and Vahan Gureghian

H

Diane and Bruce Halle Anne and Matt Hamilton George Hamilton Jimmy and India Paull Hancock

Britty and John Damgard Eleanor Acquavella and Morgan Dejoux Joanne and Roberto de Guardiola Ashton de Peyster Jacqueline Desmarais Sophie Desmarais Beth Rudin DeWoody and Firooz Zahedi Nicole DiCocco Christina Floyd Di Donna and Emmanuel Di Donna Peggy and Rodney Dillard Phyllis Dillon Dusty and John Dodge III Linda and Barry Donahue JANUARY | FEBRUARY 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 69


Danny and Denise Hanley Allie Hanley Nicole Hanley Steve and Dina Hanson Anne and William Harrison Mai Hallingby Harrison James Held and Kenn Karakul Sylvia Hemingway Mary Hilliard Leslie Hindman Neil Hirsch Jane Holzer Kelly Matthews Hopkins and Rick Hopkins Jane and Michael Horvitz Travis Howe Brooke Wendel Huttig Consuelo Hutton

I

Chan and Tony Ittleson

J

Donald and Lisa Jackson Lamia Jacobs Ann and Charles Johnson Pat Johnson Sheila Johnson Laura Anthony Johnston Paul Tudor Jones Randy Jones Darlene and Jerry Jordan

K

Mariana and George Kaufman Sebastian Keitel Phoebe Kemble Celerie Kemble Randy Kemper and Tony Ingrao J.J. and Janelle Kenny

Lauren and J. Kevin Kenny Margaret and James Kenny Jorie Butler Kent Judy and Jarrett Kling Bridget and Bill Koch Jessica and Dana Koch Julia and David Koch Paulette Koch Wyatt Koch Carole and Joel Koeppel Dorothy and Sidney Kohl Suzie and Bruce Kovner Terry Allen Kramer Marie-Josée and Henry Kravis Kristen and Charles Krusen

L

David Lambert Richard Lambertson Dr. Ernst Langer Elaine and Ken Langone Leigh and Christopher Larmoyeux Jo Carole and Ronald Lauder Karen Lauder Judy and Leonard Lauder Lori Kanter Tritsch and William Lauder Rachel Lauder Danielle Lauder Lenny Lauren Gretchen and Howard Leach Lilly and Rodman Leas Chris Leavitt George and Christine Schott Ledes Ivey and Bobby Leidy Jr. Kathy and Paul Leone Stephen A. Levin Millie Dayton and Eric Levine Louise and Sir Christopher Lewinton Cameron Lickle

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Michele Henry and Garrison Lickle Renee and Bill Lickle Sasha Lickle Amalia Dayan and Adam Lindemann Susan Lloyd John Loring Wisler Pierre-Louis Jeffrey Lurie Karin and Joe Luter

M

Christina and Benjamin Macfarland III Carol and Earle Mack Lily and Locke Maddock Lynn and Jay Maddock Nina and Mark Magowan Hillie Mahoney Tomas Maier Anna Mann Nicola and Jeff Marcus Chris Marden Jen and Jim Marden Lily Mahtani Marlborough Cheryl and Homer Marshman Sheila and Paul Martin Helena and Roman Martinez Betsy Matthews George Matthews William Matthews Serena Mattson Ann and Gilbert Maurer Talbott Maxey Sara and Jim McCann Hawley and John McAuliffe Chip Kidd and J.D. “Sandy” McClatchy Pat McCloskey Minnie and Kevin McCluskey David McClymont

Rip McIntosh Bill and Kitty McKnight Brownie McLean Mimi and Leroy McMakin Kristina Anderson McPherson and Brad McPherson Peggy and Alberto Mejia Nick and Molly Mehle Virginia and Frederick Melhado Dede and Laddie Merck George Merck Grace Merck Denise and Bill Meyer Anita and Sam Michaels John S. Middleton Leverett Miller Muffy and Don Miller Lawrence Moens Lili and Ambrose Monell Peggy and Dudley Moore Jr. Mel Slingluff and Christopher Morley Lourdes de Guardiola and Michael Morrissey Renée and Carlos Morrison Bree Mortimer Nina and William Morton Jr. Mila and Brian Mulroney Nicolas Mulroney Laura and Lee Munder Christina Murphy Thomas Murphy Karen and Tom Murphy Heather Murray Kelly Murray Muffie Bancroft and Stephen Murray Nancy and John Murray Lucy Musso


N

Charlene Nederlander Margo Nederlander Robert Nederlander Sally and Tom Neff Barbara and Jack Nicklaus Travis Howe and Mario Nievera Polly Norris

O

Kathy and David Obolensky Pamela O’Connor Kristina Olsen Linda R. Olsson Marjorie and Philip Odeen “Binkie” and Chris Orthwein Bobby and Maureen Oxenberg

P

Lindsey and Blakely Page Catherine Palmer and Peter Watson Kit Pannill Susan and James Patterson Joanne and Harold Paull Jr. Claudia and Nelson Peltz William Pencer Amy and Joe Perella Tatiana and Thorne Perkin Frances and Todd Peter Lynne Wheat and Thomas Peterffy Brandon Phillips Ande Phipps Ashley and Ogden Phipps II Andrew and Kate Pickett Davis Robin and John Pickett K.C and John Pickett Jr. Pauline Pitt and Jerry Seay Tatiana and Campion Platt Dan Ponton Jim Power Marzia and Dale Precoda Christine and Gene Pressman Phyllis Pressman Margaret and Charles Prince Peter and Amy Pulitzer Marina Shields Purcell and Tom Purcell

Q

Ann and Chris Quick Thomas Quick Tricia Quick Sarah Groff and Piper Quinn

R

Ashley and Mihael Ramos Alice and Carter Randolph Katharine and William Rayner Patty Raynes Paige Rense Starrett and Petter Ringbom Robert “Tino” Riva Arthur Fabricant and Carol Rohrig Nic Roldan Nancy and Bill Rollnick Patricia Rooney and Patrick Rooney Jr. June and Timothy Rooney Alexandra Lind Rose and Louis Rose Arlene Dahl and Marc Rosen Hilary and Wilbur Ross Kara and Stephen Ross Susan and Burke Ross Allegra Rumbough Cole Rumbough Janna Rumbough Kiera Rumbough Leah and Stanley Hutton Rumbough Siena Rumbough Crista and Tad Ryan

The Hon. Lesly S. Smith Maura Smith Tania and Earl Smith Tracy and Matthew Smith Scott Snyder Geoffrey Thomas and Sharon Sondes Arthur de Soultrait Bertrand de Soultrai Andrea and John Stark Renee and Richard Steinberg Louise Stephaich Joyce Sterling Sonja and Mark Stevens Penny Lancaster and Rod Stewart Christine and Robert Stiller Rich Wilkie and Steven Stolman Dana Hammond Stubgen and Dr. Patrick Stubgen Ann and Peter Summers

Vanessa Trump and Donald Trump Jr. Betsy and Wally Turner

Devon Bickford and Mike Suozzi III Nicholas Surtees Robert Surtees Bruce Sutka Liz and Edward Swenson

Priscilla Rattazzi and Chris Whittle Maureen Wilkens Arthur L. Williams Jr. Eli Wilner Lady Winnington Dr. Rudy Scheerer and Emmy Wolbach Bill Wrigley Jr. Susan and Bob Wright Stephanie Wrightsman Shirley Wyner

V

Judy and Fritz Van der Grift Ann and William Vanneck Wendy and Michael Victor Diana and Bob Vila

W

Kate and Bob Waterhouse Seth Waugh Mieke van Waveren Suzy and Jack Welch Lucy Anthony Webster Mary and Joseph Webster III John Whelton

S

Josh and Christina Sagman Lisa Salomon Nancy and Joe Sambuco Serena and Jorge Sanchez Alice and Lewis Sanders Edwina Sandys Missy and Todd Savage Linda and Paul Saville Mona de Sayve Nicolas de Sayve Tom McCarter and Frances Scaife Allan Scherer Richard Schloss Aniko and Nash Schott Whitney Schott Amanda and Chuck Schumacher Chuck Schumer Christine and Steve Schwarzman Teddy Schwarzman Tom Shaffer Donna Shalek Cornelia Shields Olympia Shields Robert and Mary Simses Susan Slater Laura and Harry Slatkin Nancy and Jeffrey W. Smith

T

Fern Tailer de Narvaez Charles Schmidt and Jean Tailer Laura Moore and Fred Tanne Frances and Felix Tapp Missie and Zach Taylor Katrin Theodoli Gail and Harry Theodoracopulos Margaret and John Thornton Betsy and Rod Titcomb Whitney Tower William Diamond and Regine Traulsen Barron, Melania and Donald Trump

Y

Eleanor and Jon Ylvisaker Jane Ylvisaker Julianne Pruett and Bill Yun

Z

Paula and Nikita Zukov ✦

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SUNNY MONEY SORRY, DONALD… YOU’RE NOT WHY PALM BEACH REAL ESTATE IS GREAT AGAIN! by Linda Marx

DURING LAST YEAR’S controversial election season, the real estate action in Palm Beach lagged, just as it does the last month of hurricane season. “Sales were flat,” says Dana Koch of the Koch Team at Corcoran Group Palm Beach. “It was hard to wrap our arms around it.” But a year later, interest in buying on the island has increased. “The momentum is here now, and we are seeing a good season.” Pam Gottfried, director of luxury sales for Douglas Elliman Palm Beach, agrees: “We have had record-breaking sales with new residents in recent months, and nobody who lives here wants to leave Palm Beach. We keep politics out of real estate!” Donald J. Trump’s presidency has thrust Palm Beach into the international spotlight, but its bustling real estate market has little to do with his celebrity or his frequent visits to Mar-a-Lago. Palm Beach has been under a microscope since the Donald’s election. All of the scrutiny and buzz has placed the island on the world stage. His name has brought more international tourists to Palm Beach and won the island hundreds of headlines. But his presence, despite the annoying traffic lines, delayed flights and increased security, is no different than having any other sitting president spending time in Palm Beach. Most observers don’t attribute increased real estate sales to a Trump bump. They agree that Palm Beach is an island unto itself that continues to attract wealthy people who want its privileged lifestyle.

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“There is no data to support a presidential impact on real estate sales,” says Suzanne Frisbie, president of the Palm Beach Board of Realtors. “People buy for Palm Beach’s tropical climate, inherent beauty and safety of investment. Statistically, due to the contentious 2016 election, there was a bit of a lag at the beginning of the year. But volume has picked up nicely.” Property values continue to rise based on this unique quality of life, enhanced levels of security, positive market trends and favorable homestead tax advantages. People want to make Palm Beach their private residence and move their businesses there. “Palm Beach captures the very essence of extraordinary,” boasts Mayor Gail Coniglio. “Its beauty, architecture and tradition coupled with spectacular beaches and warm sunshine make it a real estate paradise.” The lure of the sunny, year-round weather, and the feel of a small, sophisticated seaside community continues to attract successful people. In 2017, there were more than 21 $10 million-plus sales, including global investment firm Citadel founder Ken Griffin paying $215 million total (over several years) for the Blossom properties—four side-by-side parcels of land totaling eight acres on the ocean, and a neighboring billionaires’ row estate—where he plans to build a 55,000-square-foot estate with a new private entrance on South Ocean Boulevard; designer Tommy Hilfiger and wife Dee Ocleppo’s $34 million oceanfront home; and a north end spec home on Indian Road that sold to a trust for $49 million. According to market reports and interviews, 2017’s average sale price is up 25 percent over last year. While the majority of transactions in that period were under $10 million, October recorded a sale of $37 million. And four properties with asking prices of more than $20 million—one as high as $70 million and another nearly $65 million—have been under contract, which could show more than a whopping 50 percent increase in sales over $20 million as compared with 2016. Longtime Palm Beach broker Earl Hollis attests that the market is so healthy, he can’t imagine it going any higher. “I have seen a 25 percent increase in the past three years with prices going up 20 percent. Land values have risen—what I sold for $225,000 35 years ago now goes for $2.2 million. People are tearing down the old, and opting for new homes with major improvements. This has nothing to do with Donald Trump. It has everything to do with Palm Beach being a wonderful place to live.” Making Palm Beach even more spectacular are improved commercial areas that are being redefined with new restaurants and exclusive retail offerings, like super-chic Royal Poinciana Plaza (on Royal Poinciana Way) with its new international shops like Rani Arabella and Cremieux, and the ongoing mixed-use project across the street, which will be created out of the demolished Testa’s restaurant. The Breakers Palm Beach Company bought the ground floor to open a restaurant and handle retail leasing; the Frisbie Group plans to design and sell the secondfloor condominiums. 74 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018


And for those who want to live on the ocean yet be a few minutes away from Palm Beach, Manalapan, a beautiful oceanfront town where the median listing price is just under $9 million for a single family home, is a close enough drive for a chic dinner, but out of range of Trump traffic and seasonal congestion. Young couples with children who are downsizing from their parents’ Palm Beach mansions, as well as couples or families relocating from the Northeast, Chicago—or internationally—are seeking new construction in single-family homes or condominiums. They are buying both on the island and over the bridge in West Palm Beach, which has raised its profile in the past couple of years. On the island, 3550 South Ocean is the first luxury oceanfront residential building created during the past decade. The light and airy 30-unit building is a gem. It is being developed by DDG with interiors by Champalimaud, the design firm that created the bungalows at the Beverly Hills Hotel, the Little Nell in Aspen and the Pierre in New York. Two- and three-bedroom residences (2,700–3,000 square feet) start at around $1,875,000. With stellar amenities, an oceanfront saltwater pool and private beach access, this residence bespeaks the new Palm Beach. “This is a super building that goes along with what is happening in Palm Beach,” says Christopher Leavitt, a top broker with Douglas Elliman. “Hedge funds are moving here because Palm Beach is evolving in a tasteful and elegant way. It is a small, isolated nucleus, and there is a demand for it. New Yorkers want to be here.” Florida often comes to mind when successful people look to move to a state with lower taxes. Florida does not collect an individual income tax and also offers many asset protection benefits. But there is only so much land in Palm Beach. Years ago, a person could tear down and rebuild for $5 million: now it costs $15 million. So savvy developers and designers have focused on both waterfront and downtown West Palm Beach. Like Palm Beach, West Palm Beach has experienced dramatic changes with physical improvements, new restaurants and retail, and diverse businesses moving in. Increasing local taxes in the Northeast has made Florida, especially West Palm Beach with its stunning waterfront, an attractive place for

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“WITH SO MANY FINANCIAL SERVICES COMPANIES AND HEDGE RELOCATING TO THE AREA, THE DEMAND FOR NEW LUXURY WATERFRONT HOMES IS AT AN ALL-TIME HIGH.” companies to relocate because there is no state income tax. Plus, about 10 years ago, West Palm Beach developed a master plan designed to attract specific industries to work together with the Business Development Board of Palm Beach County. “West Palm Beach is now seeing growth in residential and commercial real estate markets from this plan,” says Leslie M. Holvey, a Palm Beach realtor associate with the Fite Group, and marketing director for the Aquantis Group. One of the biggest success stories highlighting the growing prestige of West Palm Beach is the Bristol, the first uber-luxury, high-rise, residential condominium ($5 million–$40 million per unit), which is already about 80 percent sold out. And many of the buyers come from Palm Beach, where the sales office is located. Developed by Al Adelson and partner Flagler Investors LLC, the Bristol, with flow-through residences and great views of the Intracoastal, is the most expensive condominium ever built in Palm Beach County. (The average size of a unit here is about 4,500 square feet and goes for a cool $10 million.) Right over the Royal Park Bridge (middle bridge) from Palm Beach, the 25-story waterfront building, which should be completed by the end of 2018, is another sign of the changing West Palm Beach demographic. “People now want luxury vertical living safe from hurricanes,” observes Jay Parker, CEO of Florida Brokerage for Douglas Elliman. “Most buyers come from Palm Beach and other major U.S. metropolitan markets.” From Old Guard couples, to retirees, empty nesters, snowbirds, and professional singles, these buyers want to spend more time traveling and have less need for a five- or six-bedroom home. They see there is no residential location in Palm Beach that offers the safety, lifestyle and five-star amenities of the Bristol, which will function like a fine hotel. Other West Palm Beach Intracoastal areas are seeing a boom in single family home renovations and sales. Around the Bristol in the neighborhoods of El Cid, Prospect Park and So-So (South of Southern Boulevard), many homes have increased in value by 20 to 25 percent in the past year, realtors say. These areas are attracting younger buyers, especially Europeans, Northerners, financial services company personnel and Palm Beachers with families who want change and convenience. “If you have one child playing football and another in dance class, it takes too long to get to West Palm if you live on the north end of Palm Beach,” says realtor Holvey. “These families are leaving the island for the lovely Intracoastal West Palm Beach neighborhoods. They need the space of a house but want convenience and practicality.” Aquantis Group, a West Palm Beach developer headed by Steve Bendat, a technology entrepreneur with projects in New York, Israel and Europe, has bought and re-created spec homes in these Intracoastal areas near downtown. They are being offered from $10 million to $15 million because the developer believes that the market is there. “Aquantis is introducing a premium level of luxury that has never been seen before in West Palm Beach,” says Bendat. “With so many financial service companies and hedge funds 76 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018


relocating to the area, the demand for new luxury waterfront homes is at an all-time high with virtually no letup in sight because of inventory restraints.” In addition, West Palm Beach has enjoyed a complete infrastructure overhaul. The waterfront is beautifully preserved by limiting housing so all residents can enjoy the pristine beauty and the promenade for walking and cycling, which runs close to 12 miles, almost the entire length of the city. This path is fastidiously solid and immaculately clean, furnished at certain intervals with lovely landscaping, lighting and benches. It is soothing to take a simple walk along the Intracoastal, look up and see the beauty of Palm Beach unite with West Palm Beach like one blooming dream town. “West Palm Beach has been a hidden jewel alongside Palm Beach for many years,” says Bill Newgent, real estate investor, activist and host of West Palm Beach’s influential City Voice podcast, one of the few who gives a nod to the proprietor of Mar-a-Lago. “Proximity to presidential power has piqued interest from those who didn’t know until now. Billions of dollars in development investments are coming out of the ground in West Palm Beach, which has been forward-thinking when it comes to working with developers while delivering for its residents. This is what will keep it special for generations.” For example, Jeff Greene, the Palm Beach billionaire who owns an oceanfront mansion south of Mar-a-Lago, has invested heavily in West Palm Beach real estate, including office towers, apartment buildings and a namesake high school for potential students. There are also regular downtown greenmarkets, new restaurants (many from Palm Beach chefs who have expanded over the bridge), well-designed rental buildings attracting millennials, and the elegant, new, 80,000-square-foot Restoration Hardware retail villa with a fourth-floor rooftop restaurant located across from CityPlace, the outdoor shopping, dining and entertainment destination. It is entering a new phase, according to its owner. “I see the potential for art and culture to have transformative qualities, which is why it’s a focal point in our reimagination of CityPlace into a stimulating downtown urban district and one of the most important cultural hubs in the Southeast,” says Related Companies senior vice president Gopal Rajegowda. This season, CityPlace is launching a series of public art installations in partnership with Culture Corps, an arts advisory service. It will feature artists Michael Craig-Martin, Stephen Vitiello, Frankie Cihi and others, which should transform the district, marked by the opening of Culture Lab, an immersive arts experience, in the former Macy’s department store space. The area’s vibrant cultural scene has been a bonanza for growth with the Norton Museum of Art undergoing a $100 million expansion/renovation, the Kravis Center for the Performing Arts busy each day, Palm Beach Dramaworks’ live theater on Clematis Street packing in the educated denizens, and the Armory Art Center offering a variety of classes and activities. “We have witnessed such a vibrancy in West Palm Beach that we decided to open a high-end real estate office in El Cid, near the Norton Museum,” says Ava Van de Water, broker/executive vice president of Brown Harris Stevens in Palm Beach. “It wasn’t so many years ago that some Palm Beach real estate agents would joke that their cars didn’t know how to cross the bridge. Those days are definitely gone.” With Palm Beach being a special island with no more land on which to build, many top-notch buyers, like Fortune 500 CEOs and other mega-successful entrepreneurs, who in the past would have thumbed their noses at West Palm Beach, are now buying there. And many long-term residents of Palm Beach are selling their homes, making killer profits, and relocating to West Palm Beach as a savvy business move. “They are cashing out with handsome profits and re-creating a lifestyle equally as rewarding at far less the cost,” says realtor Holvey. “These factors will be driving the area’s real estate market for the next few years.” ✦

IT IS SOOTHING TO TAKE A SIMPLE WALK ALONG THE INTRACOASTAL, LOOK UP AND SEE THE BEAUTY OF PALM BEACH UNITE WITH WEST PALM BEACH LIKE ONE BLOOMING DREAM TOWN. JANUARY | FEBRUARY 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 77


phot og

m Grisco s Dawson a n i N by ra n c i F l i e by N ra ph e d

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raditional decorum suggests that getting your first tattoo after the age of 50 is like sporting a miniskirt in your 70s—a tad age inappropriate. “It’s neither savory, nor sound” was the reaction of my famously elegant mother, Elizabeth Rohatyn, who, it should be noted, regularly applied that phrase to many of my well-chronicled life choices. My daughter and most of my friends also found the idea to be ill-conceived. But then again, Dame Judi Dench lost her tat virginity at 81, opening up the playing field for me. I decided to take the plunge, and texted my well-connected 31-year-old godson to give me his hit list of tattoo parlors in Manhattan. It seems that the business of tattooing has matured since its heady, gruff days before it was legalized in 1997. It’s now a process as revered and encumbered with protocol (read: pretension) as booking a table at a hipster farm-to-table joint in Red Hook. The days of getting blasted at night and waking up in the morning, shocked to find a strange bed partner and an inked snake climbing your back, are pretty much over. Like so many other things today, tattoos are the provenance of serious artists: certainly not a walk-in proposition, as evidenced by my phone calls. Bang Bang (328 Broome Street) is on everyone’s short list (including Rihanna’s). I rang them up expecting to book an appointment for the following day, but soon discovered it’s easier to get your kid into Chapin than gain admission here. Bang Bang books out months in advance and requires an initial meeting with a designated tattoo artist. Fees range from $300 on up. In other words, way too precious and laborious for me. I had a bee in my bonnet and I wanted my tattoo NOW. Several other calls to parlors, including New York Adorned, Kings Avenue, Daredevil Tattoo and Smith Street Tattoo Parlour resulted in similar responses. That is, until I spoke to Hustlers Parlour Tattoo and Piercing located on North 4th Street in Brooklyn. Before even saying hello, they started hawking something called Hustle Butter Deluxe. I almost hung up. I told owner Richie Bulldog, a friendly voice who didn’t seem appalled by my timeline, that I wanted a detailed image of a porcupine tattooed on my right inner forearm. I liked the way he took it in stride and didn’t ask me “why

a porcupine?” If you must know, it is in support of a dear friend who is sick. I’m not getting into the details. He asked me to email a picture of the design. Once he saw it, he recommended Sanel Valles as the artist to create my tattoo, and booked my appointment for two days hence. He cautioned me to arrive sober and without onboarding any painkillers. Not that any of those actions would have ever occurred to me. I intended to take this experience full-on. I called my daughter, who was aware of my impending scarification, and told her to get ready to accompany me to my date with the tat artist. She needed support, so her boyfriend got

added to the mix. We drove over the Brooklyn Bridge on a beautiful July evening and parked right in front of Parlour. I was a bit nervous about the pain, but very excited to get the tattoo. And as advised, I was stone cold sober and clearheaded. When I walked in, Led Zeppelin was playing on the sound system, and there were at least four clients being worked on in the “operating room.” It didn’t take a genius to see I was the only tattoo virgin in the house. The high-pitched whirr of electric needles evoked the dentist’s drill in Marathon Man and sent a jolt of adrenaline through me, as well as the immediate urge to race out the front door. I had envisioned a tiny creature on my arm; however, Sanel informed me that in order to achieve all of the detail in my image it would have to be much larger: think 2 inches. I was going from discreet to full-out statement! I

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agonized for a few minutes and then stuck out my arm and off we went. This wasn’t like the dentist, where you can hold up your hand when you need a break. No. Lily stood behind me and held my left hand the whole time. It took 45 minutes, nonstop, and all I can say is it was painful but not unbearable. The needle pierced deeply at some times and less so at others. The location on my forearm near to veins didn’t make it easier. There were times I wanted to scream, but I just crushed Lily’s hand instead. I owe her big time! When it was finished, I was bandaged up, with a layer of protective Hustle Butter Deluxe (now I got it) and given care instructions. I kind

of sensed that the room was extra-supportive that the virgin had made it through. The fee was $150 without tip. Protocol dictates giving a generous tip to your artist if you ever want to return! Word gets around. Reactions have been fairly predictable across the board. Most strangers love it and are genuinely enthusiastic about the work and the fact it is in support of someone I love. Most everyone I know socially thinks “Oh there goes Nina again…How insane.” And my dear friend who is the object of this action thinks I am completely out of my mind to have done such a thing. Yet I think privately she is okay with it. But what touched me the most was my mother’s reaction. She was at the end of her life, and though she could not talk then, when she saw it she signaled to me that she thought it was GREAT. She knew it was done for love, and that by the way it was also very cool. ✦


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Q & ALL ABOUT THAT PAPER Talking with Kate Pickett Davis of Pickett’s Press

How did you get into your profession? I always wanted to start a business and to design and print stationery. I loved stationery as a little girl, and have always loved to draw (every single motif in my company design library is hand drawn, and 90% are still drawn by me). In order to start my own business, I needed to make some money! Having studied art and economics at Harvard undergrad, I went into mergers and acquisitions at Merrill Lynch, then DLJ Private Equity before attending Harvard Business School. That’s where I came up with my business plan. Upon graduating, I got experience under my belt—starting in the training program at Saks Fifth Avenue and later interning for the CEO of Kate’s Paperie (the original amazing paper and custom printing chain), where I learned invaluable information about running a small business and made necessary contacts in the printing world. What inspires you? I am constantly thinking of new designs. I’ve always been a creative person. Friends used to tease me when I was little that I must have been “born with a paintbrush in my hand.” It was always about art for me.

“FRIENDS USED TO TEASE ME WHEN I WAS LITTLE THAT I MUST HAVE BEEN BORN WITH A PAINTBRUSH IN MY HAND.”

How big is your company? We’re a small, hands on company. It’s me (owner and creative director), a graphic designer, a sales director, and one office assistant, who also does PR, marketing and e-commerce.

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What is the most unique invitation you have designed? We did a gorgeous suite for a wedding at Williams College—we drew the chapel and the gatehouse at the field, and I just loved how personal it was to the couple, as they had met and gotten engaged there. My favorite projects incorporate a custom element like that. Do you offer more than just stationery? YES! We offer monogrammed cups, napkins, plates, gifts for out-of-town guests—many things to carry the theme of your wedding through the event itself ✦


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All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. All rights to content, photographs and graphics reserved to Broker. Equal Housing Opportunity Broker.

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East 60s/Park. 6BR. 8.5 BATH. $24.888M. WEB# 17667256. Linda Stillwell 212-452-6233 Paula Del Nunzio 212-906-9207

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60s/ CPW. 2BR. 2.5 BATH. $6.95M. WEB# 17507452. Nada Rizk 212-317-7705 Joanne Greene 212-906-9341

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652 Broadway. 3BR. 2 BATH. $4.85M. WEB# 17329233. Susan B. Rubin 212-906-9323

West 90th & Broadway. 3BR. 2.5 BATH. $4.5M. WEB# 16369481. John A. Sheets 212-906-9359

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West Village. 3BR. 3.5 BATH. $16.995M. WEB# 17544202. John Burger 212-906-9274 Richard Ziegelasch 212-452-6274

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SoHo. 2BR. 2 BATH. $5.495M. WEB# 17504376. Judith M. Gillis 212-452-4490 Liz Dworkin 212-906-0509

Upper East Side. 2BR. 2.5 BATH. $5.495M. WEB# 17762140. Daniella G. Schlisser 212-906-9348 Matthew D. Hughes 212-906-9351

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Harlem. 3BR. 3 BATH. $1.895M. WEB# 17440700. Brian D. Farrell 212-588-5621

60s off CPW. 2BR. 2 BATH. $1.895M. WEB# 16583012. Kathleen Moosher 212-317-3679

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. All rights to content, photographs and graphics reserved to Broker. Equal Housing Opportunity Broker.

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AS K HA L L F. W I L L K I E

A moment with one of the city’s top real estate experts . . . TECHNOLOGIES AND PRIVACY Every client and customer relationship with a residential real estate agent should be trusted and private. The agent’s commitment to confidentiality and discretion must be absolute. As guardians of their clients’ interests, agents should consider their responsibilities at all times to be in the interest of their clients above all other interests, including their own. Advances in technology, however, make this aspect of their job difficult in new ways. Is it possible to strike a balance between the individual’s desire for privacy and the public’s right to know? In New York City and elsewhere, residential sales of cooperatives, condominiums and townhouses are a matter of public record, and many websites popularly provide basic information about a transaction, including buyer, seller, address and price within days of a closing. An experienced, professional agent will shepherd buyers and sellers through the complex sales process so that transactions proceed as discreetly as possible. But in an age of transparency, the larger questions of oversharing, and of technologies that must be properly governed in the public’s best interest, need to continue to receive our close attention. ✦ Hall F. Willkie, President, Brown Harris Stevens Residential Sales, 212.906.9203 or hwillkie@bhsusa.com

FRANCIS HILLS

“Is it possible to strike a balance between the individual’s desire for privacy and the public’s right to know?”

86 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018


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MASTER CLASS Susan Merdinger Greenfield, CIPS, CRS, Realtor Associate Real Estate Broker, Brown Harris Stevens: Disciplined and committed to the Client, with a passion for business and people

Q

You have worked in the real estate industry for more than 40 years: what continues to drive your passion for international real estate? My passion for the global nature of the real estate business and building professional and personal relationships has allowed me to work with clients from all over the world. The world is so interconnected, and it is essential to develop a global network while always maintaining an expertise in your local market. I have traveled the world to educate other real estate professionals on the best global business practices, cultural overviews and protocols. What is your biggest differentiator? My global perspective and keen understanding of the luxury market. Not only do I have a worldwide network of clients, I provide the highest level of service that my clients demand to market and sell their properties. I am a member of Luxury Portfolio International, as well as the National Association of Realtors. I have also acted as the sales and marketing consultant for many international residential properties and luxury resort developments in London, Dublin, the Bahamas, the Caribbean and Nevis. The proliferation of technology has made our business extremely competitive and efficient, but this has served to highlight the value I bring to my clients. I am accessible to my client’s day and night advising clients always available to guide them through their local dealings.

NOT ONLY DO I HAVE A WORLDWIDE NETWORK OF CLIENTS, I PROVIDE THE HIGHEST LEVEL OF SERVICE THAT MY CLIENTS DEMAND TO MARKET AND SELL THEIR PROPERTIES.

What market segments do you focus on? My business has always targeted International clients looking for properties in the New York market. Given my broad experience across real estate over 40 years, I also engage in a number of other areas of the business, including commercial leasing and sales as well as residential rentals. The relationship continues well past closings. In many cases it takes the form of

&

managing their properties or acting as a local concierge to handle all matters related to their property and personal affairs where needed. My clients are loyal, and they appreciate my knowledge and understanding of the market, my integrality and my work ethic.

What accomplishment are you most proud of in your career? The friendships and business relationships I have nurtured over the years. Many of my clients are repeat clients and continue to refer me to their friends and family. This is always the most gratifying recognition of my success at providing professional services to my customers. I am also extremely proud of my continued involvement on various international real estate associations and organizations. Many of the professional relationships I have nurtured have resulted in referral business from around the globe. My ten years with Merrill Lynch and the involvement with their global private clients, my election to serve as a director on the International Board of FIABCI (the International Real Estate Federation) and my election as president of FIABCI-USA 2017–2018 demonstrate my total emergence in international real estate during my career. ✦

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Financial Sense

How the Current State of the World Is Impacting Financial Markets moderated by Kelly

Laffey

90 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

photographed by Jonathan

Grassi


IN EARLY DECEMBER, as the tax law was going through the House and the Senate, AVENUE sat down with some of New York’s top financial advisors to chat about the state of the economy, investment strategies and cyber security. AVENUE: What has been President Trump’s impact on global economic growth’s sustainability? BUONGIORNO: He clearly has had a policy of free and fair trade, which he wants to promote around the world. He wants to have a better business climate in the United States—lower regulations and lower taxes. I think that has given confidence to CEOs and small-business leaders, which has led to an increase in capital expenditure both here and abroad. That translates globally to other firms wanting to do more business with the United States. It can’t be clearly ascribed to Trump, but you are seeing for the first time in many years a global increase that looks to be sustainable. BROWN: You’ve seen that in an increase in corporate earnings as well. I don’t think we can tack the last 12 months of corporate earnings back to Donald Trump becoming the president. I think 453 companies have already reported for the quarter; 90 percent are exceeding or beating estimates by something in the magnitude of 6 percent to 7 percent. We’re in a highly regulated business, both by the SEC and FINRA, and one of the major problems about trying to start your own firm in this environment has always been: How do you make sure you’re in compliance, and how do you pay for that? I have to see how this is all going to play out for the smaller businesses around. Because that’s where a lot of his support is: in small businesses. AVENUE: What has been the impact of recent global political events on the markets? LEE: What continues to be interesting is that the markets continue to tick higher, while volatility remains generally low. Markets, for the time being seem to be shrugging off global macro events, which tells you there are other forces at play, such as fundamental business strength. While the markets have continued to hit new highs this year, we’re anticipating a return to more normalized returns. We’re talking to clients to make sure they are properly diversified.

GUERNSEY: The black swan that everybody is trying to evaluate is the influence of Bitcoin and other crypto-currencies (neither acceptable assets under our management at Wilmington Trust). The technology behind each currency is a truly global infrastructure. Therefore, in an inevitable drawdown in the markets, will cryptos be more correlated to international securities, or to the United States, or another asset class? We are sure we will have a future opportunity to find out. BUONGIORNO: It’s interesting when you just look at the earnings numbers. Over the last 18 months, all of the growth in the S&P 500 has come from earnings growth, and there’s actually been a 2 percent decline in the P/E. The market’s move has all been earnings driven.

ROUNDTABLE PARTICIPANTS

MIKE BROWN, Partner and Director of Wealth Management, Dynasty Financial Partners

ANNA BRUSCO, Vice President, New Product Development, AIG Private Client Group

AVENUE: With regard to insurance, what can people do, especially when travelling, giving the volatility of world events? BRUSCO: It is so important for families to understand that they need an emergency plan before they embark on their trip. From a security perspective, a lot of people assume that they’re safe because they’re going to a five-star resort. But in such a volatile, changing world—where security issues due to terrorism, natural disasters, kidnapping and other events are becoming so commonplace— people need to be much more proactive and diligent. We recommend working with travel risk advisors to do professional-grade research for them, so they can determine what to avoid.

PAUL BUONGIORNO, Managing Director, Chief Investment Strategist, Tiedemann Wealth Management

PETER “TONY” GUERNSEY, JR., Chief Client Strategist, Wilmington Trust Company

AVENUE: What does the future of real estate values look like? Is there a bubble? BUONGIORNO: I don’t think there’s a bubble. Excluding the coasts, if you look at the national average real estate price on an inflation-adjusted basis, it’s actually about 10 percent below its historical average. So you have seen a healthy real estate recovery, but I don’t think you’re in bubble territory. Affordability is still very high relative to history. Incomes are higher. Mortgage rates are lower. When affordability is at its historical median, home prices are still growing. It’s only

JENNIFER LEE, Market Executive and Managing Director for New York for U.S. Trust-Bank of America Private Wealth Management

JANUARY | FEBRUARY 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 91


F I NA N C IA L RO U N DTA B LE Jennifer Lee

Markets, for the time being seem to be shrugging off global macro events, which tells you there are other forces at play, such as fundamental business strength. —Jennifer Lee

when you really get to a much lower level of affordability, like we saw in 2005–2006. BROWN: I’m intrigued by the tax plan and what effect that’s going to have on people moving out of high-tax states, especially if you do away with the deductibility of state and local income tax. We’ve seen this hedge fund migrate south to lower-tax states. AVENUE: Could we talk about cybersecurity, ways that people can protect themselves? BRUSCO: There’s no doubt that the world is more connected than ever, but the explosion in the utilization of smart devices brings a whole host of cyberexposures. It is so easy nowadays to commit cyber-crime, and the best way to fight this is through education. There is insurance to address the financial loss if a home network is hacked, for example. But consider the vulnerability that comes from someone accessing your private information, photos or other materials—and the added burden of it being used to threaten or exploit your family. We encourage families to have cybersecurity professionals conduct an at-home assessment to ensure that personal networks are secure and that all members of the household, including private staff, change bad behaviors that can lead to problems. BUONGIORNO: On a much lighter note, we had the pleasure of having an ex-ambassador in our offices just an hour or so ago, and as I was walking out, she said, “Tell all your clients and your friends and family, ‘Disable ‘Hey Siri.’” BRUSCO: That’s an interesting point. We did a recent study where we found that our

clients invest in an average of 30 smart devices just in their homes alone. When any family hooks up these devices, are they reading the fine print within the terms and conditions? These devices aggregate tons of data and behaviors, and they are not immune to cyberattacks. That’s why it’s important to exercise caution. Understand the privacy and security settings, whether or not devices are password protected, and whether or not the manufacturer has taken extra steps to ensure the information being gathered is kept private and stored safely.

expansion. Overall, I think the U.S. markets are fairly valued. International developed looks undervalued. Emerging still looks undervalued, although it depends on how you define “emerging.” LEE: Just because something is fairly valued or maybe even slightly overvalued, it doesn’t mean that we’re exempt from sort of a short-term pullback. We think equities are fairly valued are remaining neutral to slightly overweight—if they were appropriately allocated to start with. To the points about the non-U.S. markets: We continue to believe in a long-term secular trend of a rising middle class around the world. We do believe that non-U.S. markets are slightly undervalued and they have the long term trend in their favor. Again, that doesn’t mean they are exempt from volatility, so you have to have the right allocation and plan in place. BUONGIORNO: I think part of the question relates to how long your lens is. I f you go back 50 years and you said, “Okay, let’s use that as the market multiple,” you’d say we’re Mike Brown and Tony Guernsey

AVENUE: Are public equities today overvalued? GUERNSEY: I think they’re probably just about right in the United States. What scares me is the investor searching for yield in equity return securities to replace their recent low bond yields. I just think some are reaching out to some places where they’re going to get hurt, as they do not have the same economic growth or geopolitical environment as the United States. Some international economies are recently strong outside the United States, but not all. In this country multiples are getting toppy, but earnings are and look strong in the next year justifying the strong 2017 performance and a continuum in ’18. BROWN: We would agree with that. I think right now, if you look at S&P earnings and where the domestic markets are, they are probably fairly to slightly overvalued. This could go on longer. P/Es could expand. As Paul said before, we haven’t really had P/E expansion. We’ve had earnings

92 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

about 30 percent overvalued. If you go back 20 years, you have about a 2 percent inflation rate, which is about where are today, and about a 4 percent 10-year. Under that lens, we’re about 10 percent overvalued. AVENUE: How much return above inflation can we expect in today’s environment? BUONGIORNO: We see somewhere between 3 percent and 5 percent over inflation. GUERNSEY: I’d probably say around 2 percent. But then, we’re a trust company, and for


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Halstead Property, LLC All information is from sources deemed reliable but is subject to errors, omissions, change or price, prior sale or withdrawal without notice. No representation or guaranty is made as to accuracy of any description. All measurements and other information should be re-confirmed by customer. All New York Yankees trademarks and copyrights are owned by the New York Yankees and used with the permission of the New York Yankees.

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F I NA N C IA L RO U NDTA B LE our beneficiaries we need a lot more income available in value stocks to distribute than currently available with growth style equities. BROWN: We’re 2 percent to 3 percent on inflation. It depends on asset class too, though. Our primary clients are ultrahigh-networth clients, and so we tend to have normal equity exposure, and then look for interesting managers who are doing various strategies to get alpha, as we say, in the portfolio. AVENUE: What are the risks associated with using social media for high-net-worth individuals? BRUSCO: Everything online is discoverable. And unfortunately, high-net-worth individuals really need to understand that they can expose themselves and their families to a host of personal liability lawsuits based on their actions on social media. Families should also think about other people who have Anna Brusco

manage it. We always recommend that the grantor write a letter to each child with their own signature about that exact same issue: “This is why I left it to you this way.” Because it’s too hard to talk about when you’re alive, but if you just read a two-page letter, it goes much better. The letter has great “family” value, but parenthetically, has no legal status in an estate. LEE: Often, the questions and concerns we hear from clients are about children and how to talk to their children about money. They want guidance on how to educate children about finances generally and wealth more broadly. The other big shift we’re seeing with the next generation is the way they want to think about investing and the things that they care about. They often raise questions of impact and values expression. We often spend time translating between generations, both on basic issues of financial wellness and awareness, but then also issues of how to invest.

There’s no doubt that the world is more connected than ever, but the explosion in the utilization of smart devices brings a whole host of cyberexposures. —Anna Brusco

access and who are posting about them or on their behalf. We need to create awareness and best practices around this.

AVENUE: Can we give readers an update on active and passive investing and when people should use each?

AVENUE: What advice would you give to clients on how to avoid complicated estate and wealth transfer issues?

LEE: Yes. Both. That would be my answer. We believe that you need active and passive investments in your portfolio. So, my answer is “yes, and . . .” It’s not an “either/or” question. There are asset classes where it makes a tremendous amount of sense to be passive, and there are asset classes where you shouldn’t be passive because active investments make more sense from a risk and return perspective. There is always a cost to investing. Sometimes the cost is in the basis points of the investment, and sometimes is in the cost of being less than optimally invested.

GUERNSEY: COMMUNICATION and TRAINING. The hardest challenge of a wealth manager is to determine the knowledge of the people who are inheriting the money. I’ve said many times in AVENUE roundtables: We spend so much time educating the client about how and what this money is going to grow to be, but few are spending the time to educate the client on how to accept it, to

94 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

Paul Buongiorno

BUONGIORNO: I think many people probably think that all ETFs are passive. But there are ETFs that are active because they’re factor-based. A factor-based ETF is nothing more than a mechanical approach to what many of our managers that we allocate to are doing, except just on a systematic basis. If you’re investing to be down the fairway domestically, ETFs are hard to beat from an after-fee, after-tax standpoint. BROWN: Our philosophy has always been for Efficient asset classes like equities, we prefer low cost beta options like etfs or index funds. And then, when you look at inefficient markets, try to find the most skilled managers in those asset classes. Over time, you’ll probably do a little bit better than the overall indexes. Look at what Schwab is doing now. They bought a robo-advisor and they’ve got their own artificial intelligences running models. So for independent advisors like myself, we can create a model and let them run the model. You can get as sophisticated as you want with some of these models through Schwab. I guarantee Fidelity will be out there in the first quarter of 2018. Same exact thing, just all ETF-based. Lowest cost possible. And it’s all based on algorithms. LEE: Fundamentally, the role of an advisor has shifted from solely discussing investments to many of the things we have discussed today. There are a range of concerns that families face today. That’s why we still need human beings who can listen to clients across a range of issues and give them good advice. Despite many of the changes in our industry, that will always be a need. ✦


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PALM B EAC H ROU N D TA BL E

Palm Beach:

A Contrast of Old and New A PANEL OF EXPERTS DISCUSSES REAL ESTATE IN PALM BEACH, A TOWN WHERE BUYERS SEEK OUT NEW CONSTRUCTION BUT RESPECT THE DESIGN AND TRADITIONS OF THE PAST

moderated by Robyn A. Friedman

AVENUE: How has the real estate market been performing lately in Palm Beach? Are sales prices stable? What about inventory? STEPHEN D. HALL, JR.: On the single-family front, prices were pretty consistent from 2016 to 2017. But condominiums—those prices are up almost 40 percent. AVENUE: To what do you attribute that increase? HALL: The condominium market was a little stagnant in 2016 compared to 2015, so there was pent-up demand. Plus, a few trophy condominiums became available—most notably at Breakers Row and the Kirkland House. LINDA R. OLSSON: I agree. People want to simplify their lives and take advantage of the services, doormen and valets. Inventory is low for renovated homes and condo units in excellent move-in condition, and prices for those properties are high.

Participants

CHRISTOPHER LEAVITT: And if the renovation is done properly, it really has a higher value because you can only renovate during certain periods of the year. So buying something renovated—done, finished—is of high value to people.

photographerd by Michael Price

AVENUE: If you look down the coast, into Fort Lauderdale and Miami–Dade County, the condominium market isn’t as robust. So why is the Palm Beach condo market different? LEAVITT: In Fort Lauderdale and Miami, you have so many options for new construction, and so many options for existing condos, so the competition is really fierce. DANA KOCH: It goes back to supply and demand. We don’t have a lot of larger apartments, so larger apartments fetch premiums—to the point where some buyers may be better off buying a small house. By “small,” I mean equivalent to a 3,000-square-foot condo. Prices have obviously appreciated on those larger condos because we don’t have a lot of them. That’s why the Bristol has done so well. OLSSON: Palm Beach is a world-class destination— beautiful, safe, with fabulous shopping and restaurants providing a coveted lifestyle. Demand for large condominium units is strong, as there are few units of 3,000 square feet and above. Most of the condos here are approximately 1,500 square feet, so when large units become available, buyers snap them up.

CHRISTIAN J. ANGLE, President/Broker, Christian Angle Real Estate

STEPHEN D. HALL, JR., Broker/Owner, Hall Real Estate Palm Beach

A. WHITNEY McGURK: I agree. Once the larger renovated apartments become available, buyers move quickly to purchase. CHRISTIAN J. ANGLE: Also, the velocity of transactions across the board is up. 2016 was flat in terms of the number of transactions, although I know everyone in the room had a good year. In 2017, the number of transactions is stronger. That’s driving the market. LYNN WARREN: There’s a lot of momentum in this market. OLSSON: There were a lot of people on the fence with the election, waiting to see what happened, and I think there’s pent-up demand. AVENUE: Let’s talk about buyer profiles. Who’s buying right now in Palm Beach? KOCH: Your typical Northeastern buyer for the most part. You have people from the financial world moving here for tax reasons. HALL: I agree—the majority of buyers do come from the Northeast. However, there are more international

DANA KOCH, Realtor Associate, Corcoran Group Palm Beach


buyers choosing the Palm Beach market over the more historical Fort Lauderdale and Miami markets. This past year, I have been fortunate to work with sellers from Australia and London and buyers from the Philippines and China. KOCH: Younger families are coming. People are moving their businesses down here, and because of the advantageous tax savings when they become residents of the State of Florida, it allows them to fund their lifestyle.

ANGLE: New construction.

KOCH: It’s going to be beneficial to us because that will drive people from high-tax states like New York, Connecticut, California and Illinois. Florida doesn’t

OLSSON: Renovated homes or condos with clean, simple lines, or lots on which to build new.

LEAVITT: Not a finished Mediterranean home— finished, but modern, clean, classic, traditional.

McGURK: We have clients looking for projects to renovate or build and also clients who just want a move-in-ready, turnkey home. We are working with a couple of buyers looking to renovate landmark properties who want to bring some of the older homes back to their glory.

“Buying something renovated—done, finished—is of high value to people.”

McGURK: A lot of our buyers have been from New York and/or Connecticut. We’re also starting to see a lot of buyers from Pennsylvania and Massachusetts. Our clients from the Northeast Corridor are expanding. Hedge funds are starting to move their businesses and families here for the tax benefits, but that’s also creating a new demographic of professionals who, along with their families, are here more year-round, as opposed to seasonal residents.

Christopher Leavitt

—Christopher Leavitt

LEAVITT: Also, since many parts of the Caribbean were affected by the hurricanes and have not yet fully recovered, you will see a lot of people coming to Palm Beach this season—many who may not have considered it before. AVENUE: There’s obviously a lot to attract anyone to Palm Beach, particularly a younger buyer. You have great restaurants, cultural events, medical facilities, shopping…

have a state income tax, so it may lead to a large influx of permanent new residents. ANGLE: If you can’t write off your state income tax, that’s a big number in New York City.

McGURK: The Norton Museum, with its $100 million renovation, will also attract more people interested in the arts. OLSSON: Palm Beach has truly become a cultural society. The Society of the Four Arts is fantastic. They produce so many wonderful events—theater, lectures, opera, not to mention all the events at the Kravis Center. There’s also golf, tennis, the beach, bike riding. Palm Beach is a town that has something for everyone.

CHRISTOPHER LEAVITT, Director of Luxury Sales, Douglas Elliman Real Estate

AVENUE: What about the recent potential tax changes and the talk about the elimination of the mortgage interest and state tax deductions? Is that good or bad for Palm Beach?

WARREN: That number can underwrite a house. I have a client I’m working with who told me the money he’s going to save in taxes just by living here is paying for the house. So I encouraged him to live in a bigger one. HALL: They’re worried about that in California. That could drive more California buyers our way. AVENUE: What are buyers looking for in Palm Beach? WARREN: Finished product.

A. WHITNEY MCGURK, Realtor Associate, Brown Harris Stevens

WARREN: It’s a timeless style, and there’s a lot of appeal. But I think you’ll find that the trends will be a little more casual, a little cleaner. Maybe a little less crushed velvet. AVENUE: So if you’re a seller of a Mediterranean home now, what does that mean? WARREN: Mediterraneans will always be in style. It’s just a matter of the interior—the choices today are different than what they were 20 years ago. LEAVITT: There was a Mediterranean house that just went on the market. Instead of keeping it yellow, they

LINDA R. OLSSON, President/Broker, Linda R. Olsson Inc., Realtor

LYNN WARREN, Senior Sales Associate, Sotheby’s International Realty

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PALM B EAC H ROU N D TA BL E painted it white to try to sell it quicker. That will appeal to a broader audience. KOCH: I have under contract a landmarked Mediterranean Maurice Fatio house. It was built in the 1920s. It has a lot of the original

Stephen D. Hall, Jr.

“A lot of buyers grew up with Palm Beach being the epitome of success. They feel they’ve finally reached it, and they pull the trigger and buy.” —Stephen D. Hall. Jr. and enjoy, and you don’t have the stress and hassle of the city. WARREN: It’s one of the few places in South Florida that has a sense of community. It’s a town—you see the same people, the same residents. And there’s respect for the past.

details, but it’s not overly done. It’s very clean, even in the kitchen, where you have a modern take using gray Venetian plaster. We had a lot of interest in the home before it went under contract. Buyers want authentic Mediterraneans, not something contrived. OLSSON: There are always people who prefer the classic construction of a vintage Mediterranean home built by a world-famous Palm Beach architect like Mizner, Wyeth or Fatio. ANGLE: But new seems to be very much in vogue— whereas a few years ago, people were willing to take on a project and do it as a labor of love. LEAVITT: But because of supply and demand, you may have to do that. You may have to buy, gut-renovate, and do all that work because there is no other option for you.

AVENUE: What about the Trump effect? Does the presence of the so-called Winter White House here create traffic and other issues? ANGLE: Regardless of your politics, it’s exciting to have the president of the United States in town. McGURK: It has increased Palm Beach’s international recognition as well. KOCH: With all the free publicity we’ve gotten with the president’s presence in Palm Beach, he’s brought attention to the area—and more interest, not just from your typical U.S. crowd, but from an international audience as well. AVENUE: Are there any trends going on in the real estate market now? OLSSON: People from the Northeast and high-tax states are continuing the trend of relocating to

Lynn Warren

McGURK: Twenty years ago, no one really locked their doors in town, and it’s still the same way. It’s very safe. ANGLE: I remind clients sometimes when they’re negotiating that it’s a small town and you may be at a dinner party with the same person you were trying to get that extra $25,000 discount from, so be sensitive. LEAVITT: You have to behave, because if you don’t, everyone will know about it. ANGLE: But people look after each other. It is very much a hometown feeling.

Linda R. Olsson

Palm Beach to take advantage of the benefits of living in Florida, which has no state income tax or inheritance tax. WARREN: Finished product.

AVENUE: What is it about Palm Beach that creates a timeless appeal to buyers from around the world? HALL: The history. A lot of buyers grew up with Palm Beach being the epitome of success. They feel they’ve finally reached it, and they pull the trigger and buy. OLSSON: It’s a wealthy oceanfront community with understated elegance. It’s low-key. People don’t roam around dressed to the nines. Most wear white jeans and a tunic top. It’s just a casual, elegant place to live

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HALL: Also, townhouses are in demand. There have been three sales recently, right around $7 million, which is unusual. ANGLE: One thing I’ve noticed, which speaks volumes to the strength of our marketplace, is I’ve had several transactions this year where people were upgrading. Again, it shows confidence in the marketplace—selling a $7 million home to go to a $20 million one.


Magnificent Ocean To Lake Mediterranean Estate | Price Upon Request | MagnificentMediterranean.com

Breakers Row Direct Oceanfront | $12,500,000 BreakersRowDirectOceanfront.com

Elegant In Town | $4,495,000 ElegantAtlanticAvenue.com

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Sophisticated In Town Apartment With Views | $3,475,000 SophisticatedInTown.com

Palm Beach Brokerage

340 Royal Poinciana Way | Palm Beach, Florida 33480 | 561.659.3555 Operated by Sotheby’s International Realty, Inc.

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PALM B E AC H ROU N D TA BL E KOCH: Real estate is a sport in Palm Beach. People are always trading up, trading down. It’s constant cocktail party conversation.

But the one at 346 Seaspray is unique because it’s on a triple lot, and it has a nice main house plus a big guest house.

McGURK: Due to the market being so strong, we are seeing some sellers wanting to achieve a phenomenal number for their property, so there are some overpriced properties that sit on the market for longer periods of time, whereas properties priced at market value sell very quickly.

WARREN: My favorite listing is always my newest listing. But this year seems to be a year so far of condominiums. I have a number of nice, finishedproduct condominiums with nice views.

LEAVITT: There’s a big commitment in town from the people who live here. They want to stay here. It’s not transient. People aren’t coming in and out of town—they’re staying in it. Dana Koch

Christian J. Angle

had one or two. Prices are seeming to exponentially increase and set records. LEAVITT: It seemed like an exceptionally busy summer to me. It got us all thinking we are going to have a great season this year. OLSSON: Nothing surprises me about Palm Beach. It’s always been paradise to me and a wonderful place to live and work. AVENUE: Please tell us about one of your favorite listings. McGURK: 1197 North Lake Way, a $25 million listing, is very unique to the island because it is a house more reminiscent of Nantucket- and

KOCH: What better place to come and land-bank your money? A place that will be a safe investment. History has shown that Palm Beach is a great place to own property. ANGLE: We have great demand and limited inventory. There are always going to be dips, but historically the trend has been consistently uphill. AVENUE: Looking back at 2017, was there anything that surprised you about the market last year? KOCH: I was surprised that we were able to sustain what we did in 2016. HALL: Right. Inventory got up to like 170 to 180 homes on the market, and I thought there might be a pullback. But then absorption came back, and we got right back to a healthy 120 to 130 range. McGURK: We’re continuing to see record prices for apartments and for land. There are multiple houses in the $100-million-dollar-plus range, either quietly on the market or listed, whereas historically we’ve only

“ Twenty years ago, no one really locked their doors in town, and it’s still the same way.” —A. Whitney McGurk

Hamptons-style houses. I like it because it’s also reminiscent of some of the original homes that were in Palm Beach in the 1920s. It’s a little bit of mixing some of the old with the new, and I’m looking forward to selling it this season. HALL: We have two 1920s houses for sale in town.

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ANGLE: We represent some lovely properties at various price points. One beautiful home we have is 1485 South Ocean Boulevard. It’s a very special, custom Venetian estate designed by Jeff Smith. If you prefer the north end, 1460 North Lake Way, another exceptional lakefront home, is a must-see. For a custom direct-ocean, we have 1071 North Ocean Boulevard, with 242 feet of ocean frontage. And there are several others in between. OLSSON: I have a fabulous, one-of-a-kind penthouse at the Villas on Worth Avenue with breathtaking views of the Intracoastal from its expansive, 3,000-square-foot wraparound terrace. With four bedrooms, four baths and 3,600 square feet under air, it is truly a unique opportunity. The asking price is $9.375 million. KOCH: I have 330 Island Road listed, which is a landmarked Maurice Fatio that’s been expertly gut-renovated. It has almost 10,000 square feet, sits on a half-acre lot with 191 feet on the Intracoastal, and it has unique panoramic southern views. Every room in the house has a view of the water or the golf course. There’s nothing quite like it in Palm Beach. The house has all the bells and whistles. LEAVITT: The Bristol. ✦

A. Whitney McGurk


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SE R E NA BOA RD M A N

S e n i o r G l o b a l Re a l E state Advi s o r, Associate Broke r 2 1 2.6 0 6.76 1 1 | s e re n a .b o a rdm a n @ s o thebyshomes.com

E AST SI DE MAN H ATTAN BRO KERAG E

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Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.

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John Gagnier, Melissa Ziweslin, Pam Liebman, Jim Linsley, Kelly Kennedy Mack, and Maggio Cipriani at Waterline Square

A WINDOW INTO NEW DEVELOPMENT Corcoran Sunshine Offers Unique Perspectives on the Industry

Helen Howe, Robert A.M. Stern, and Maria Pashby at 20 East End Avenue

M

ore than 1,250 real estate industry professionals turned out for Corcoran Sunshine Marketing Group’s third annual CS Talks, a seven-day series of creative events and dialogues that spanned 17 residential new development buildings. For the past three years, CS Talks has provided industry professionals access to the city’s top new developments and offered unique perspectives on the world of real estate development. This year’s speakers included legendary architect Robert A.M. Stern, famed designer Piero Lissoni, and Related Companies CEO Jeff Blau, among many other real estate, design, and cultural visionaries. “This year’s compelling events at CS Talks resonated with the city’s top agents and industry tastemakers, who came out in record numbers,” said Kelly Kennedy Mack, president of Corcoran Sunshine Marketing Group. “New development is intertwined with arts, culture, and dining in New York, and CS Talks is a celebration of that fascinating meeting point.” ✦

For more information, visit www.corcoransunshine.com

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Joe McMillan and Gordon H. Hoppe at the 180 E 88th talk held at the 92 Street Y Tricia Cole, Doug Blonsky, and Laura Hall at 200 E 62

Clodagh and Beth Fisher at Citizen360

Laurie Beckelman, Dan Cordeiro, and Jasmine Mir at Hudson Yards

Eli Zabar at 389 E. 89

Frank Cronin, Kelly Kennedy Mack, and Richard Hottinger at CODA

CS TALKS IS THE INTERSECTION OF NEW YORK’S INCREDIBLE ART, CULTURE, CUISINE, AND REAL ESTATE. Michael Bierut, Jeffrey Beers, and Amanda Hesser at 277 Fifth Avenue

Vickey Barron, Pam Liebman, Jeff Blau, and Cathy Franklin at 520 West 28th Street

Sharif El-Gamal and Piero Lissoni at 45 Park Place

Jodi Stasse, Kelly Kennedy Mack, Richard Mack, Stefanos Chen, and Yejin Berman at The Greenpoint

Kelly Kennedy Mack and Rob Vecsler JANUARY | FEBRUARY 2018 • AVENUE MAGAZINE • AVENUE ON THE BEACH | 103 at 30 Park Place


PROPERTIES OF THE MONTH

SOTHEBY’S INTERNATIONAL REALTY

Luxury Listings Curated For You

LAWRENCE A. MOENS ASSOCIATES, INC.

MIDTOWN MAGIC A full-floor triple-mint residence in the Tower of the iconic One57 Condominium has undergone a complete renovation of the highest caliber. Completed in 2016, this sprawling 6,240-square-foot masterpiece has 360-degree views of the entire Manhattan skyline, Central Park, the East and Hudson Rivers, the Statue of Liberty and beyond. $70 million. Web # 00111270. Contact Nikki Field @ 212.606.7669.

DOUBLE APARTMENT, PALM BEACH This penthouse duplex apartment is located at the ocean and Worth Avenue in the full-service building known as Winthrop House. A truly stunning contemporary design with a wonderful sense of light and air. Tastefully finished with quality materials and great craftsmanship. This is a rare offering in the right place and at the right time. Includes three parking spaces. $3.85 million. Contact Christine Curry @ 561.655.5510.

SOTHEBY’S INTERNATIONAL REALTY

HALSTEAD REAL ESTATE

PALM BEACH ESTATE SOHO TREASURE Brand-new development ready for immediate occupancy! Five boutique loft residences discreetly hidden behind a restored 19th-century Italianate façade. Three spacious “block-thru” residences and two dramatic penthouses with substantial outdoor space. Superb luxury finishes, keyed elevator entry, virtual doorman, fitness center and private storage. $5.95 million. Web # 16428216. Contact Richard Orenstein @ 212.381.4248. 104 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

This magnificent Mediterranean estate, located on prestigious South Ocean Boulevard in Palm Beach, sits on approximately 2.25 acres with approximately 274 feet on both the Atlantic Ocean and Lake Worth. To the west, lakeside loggias frame a fountain courtyard, leading to graceful coral-stone terraces with an elegant pool alongside the guest/pool house. A well-equipped dock serves the lakefront. To the east, oceanside formal gardens and private access to the beautiful beach are provided. Price upon request. Web # 0076855. Contact Cristina Condon @ 561.301.2211.


Real estate agents affiliated with The Corcoran Group are independent contractor sales associates and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice.

prime

PA L M B E A C H L I V I N G

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BEAR’S CLUB ESTATE

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A one of a kind compound awaits you on 1.32 acres at the prestigious Bear’s Club! An extraordinary custom 6 BR/5.2 BA estate creatively designed by world-renowned, Albert Hadley. Every detail was thoughtfully considered with exceptionally well-scaled spaces. Luxurious rooms & loggias are surrounded by idyllic garden views enhanced by Sanchez & Maddux. $8.25M

Rarely available and beautiful 4 BR southeast corner (most desirable line) in luxurious condo with Intracoastal views from every room! Stunning custom details include hardwood floors, moldings, gourmet kitchen, study, well scaled rooms and sunny balconies, 2 garage spaces and storage. Full service white glove building. $5.35M

WE M A KE D E A L S H A P P E N ! Dana Koch 561.379.7718 dana.koch@corcoran.com

Paulette Koch 561.346.8639 paulette.koch@corcoran.com

Ranked #29 Agent Nationwide by Sales Volume Ranked #1 Agent in Palm Beach by Sales Volume by the Wall Street Journal / Real Trends Top 100 List

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IN-TOWN ESTATE

OCEAN BLOCK

346 SEASPRAY AVENUE | PALM BEACH Best in-town opportunity. Magnificent 7BR/7.2BA home on large very private 18,000+ sq. ft. lot. $10,500,000

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P O S T CA RD FROM . . .

COOL GERMANIA

IN BERLIN, AVENUE ASSOCIATE EDITOR BEN DIAMOND FINDS A HAPPENING NEW CITY FULL OF OLD-WORLD CHARM BERLIN IS WAKING UP. After a troubled twentieth century, the German capital has a new lease on life. Go there today, and you’ll find a place unlike any other—an exciting mix of old and new, where former power plants have turned into techno clubs and onetime Nazi air raid shelters are art galleries. What was once a center of oppression has become one of the most open, tolerant and friendly cities on the planet.

ART INSIDE

Berlin has some of the finest museums in Europe. Check out the bust of Nefertiti at the Neues Museum—or see something a little more avant-garde at the Hamburger Bahnhof, a former train station converted into a hip showcase of contemporary art.

FLY LIKE A PRUSSIAN EAGLE

This past November, Lufthansa introduced direct flights from JFK to Berlin Tegel. Spring for business if you can—fully reclining seats mean that even the worst insomniacs can sleep soundly the whole way there and disembark ready to take in all the city has to offer.

…AND ART OUTSIDE

HAPPENING ‘HOOD

I stayed at the Hotel Orania in Kreuzberg, one of the hippest neighborhoods in Berlin. Formerly a Turkish and counterculture-heavy neighborhood, today it is a mix of charming boutiques and trendy eateries. I recommend the Café Ora, a former pharmacy that makes a delicious winter salad.

Coming Up: The Humboldt Forum, the “German equivalent” of the British Museum, will open sometime in 2019.

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Art isn’t just in museums here—it’s on the buildings, too! Kreuzberg has some of the world’s finest street art on its walls. There are all the typical tags and graffiti that you’d find at home, but also colossal pieces like this psychedelic mural.

A RIVER RUNS THROUGH IT

Even with all the recent developments in Berlin, it’s hard to forget that the city is as beautiful as any of the great capitals of Europe. Take a walk along the Spree—it’s every bit as beautiful as the Seine. ✦


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S OC I A L SA FA RI

A ROYAL FLUSH

KING, QUEENS AND KNAVES ABOUND ON THE SOCIAL CIRCUIT by R. Couri Hay

“We’ve been waiting for this wedding for 100 years.” —A guest

Blaine Trump, Michelle Campbell and Lynda Carter @ God’s Love We Deliver 2017 Golden Heart Awards

Georgette Mosbacher does Royal Wedding Prince Philip and Danica Marinkovic @ their Royal Wedding Mercedes Bass, Barry Diller and Terry Lundgren @ Carnegie Hall Ashley Judd and Audrey Gruss @ HOPE for Depression Research Foundation

Tony Ingrao and Randy Kemper @ Park Avenue Armory 116 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018


GET MORE

CLICKS CLIQUE

TO T H E H I L LS O N LY 2 H O U R S F R O M N E W YO R K C I T Y

FROM YOUR

Salisbury, CT | $699,000

Washington, CT | $6,500,000

Norfolk, CT | $925,000

Cornwall, CT | $1,099,000

Lakeville Lake Cottage Sherie Berk 954.668.7733

54 Acres with Westerly Views Rick Distel 646.417.2720

AVENUE can now create targeted email and social media campaigns. Hyper-customizable distribution based on 200 affluent demographics with our database of 100 million people nationally Contact AVENUE President Randi Schatz for more details today! rschatz@manhattanmedia.com

Privacy on 49 Acres John Harney 860.921.7910

Shingle-Style Modern Dottie MacRitchie 860.248.5752

New Fairfield, CT | $6,900,000

Litchfield, CT | $1,050,000

Candlewood Lake Waterfront Kathryn Clair 203.948.5255

Meticulous and Stylish Ira Goldspiel 917.626.3481

Find your perfect Country Escape starting at $300,000

williampitt.com/escape Follow us on Instagram @escapetothehills Offices in Lakeville, CT | Kent, CT | Washington Depot, CT Litchfield, CT | Great Barrington, MA | Lenox, MA Each Office is Independently Owned and Operated. Equal Housing Opportunity.

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1/19/18 12:21 PM


S OC I A L SA FA RI Elizabeth Stribling, Jean Shafiroff and CeCe Black @ French Heritage Society

Jamee Gregory, Shabaam Henry, Carolina de Neufville and Caryn Zucker @ TEFAF Princess Katherine and Prince Alexander @ the White Palace

Mary-Louise Parker, Susan Sarandon, Padma Lakshmi and Director Thomas Morgan @ Soufra premiere

Natali Yura @ amfAR in J.FINE Diamonds

Natalia Vodianova @ amfAR

118 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018


SKY VILLAS WITH PRIVATE POOLS

Unparalleled Luxury Oceanfront Carillon Sky Villa #2307 6,000 Total SF | Asking Price $6,400,000 This 3 bedroom, 3.5 bath 3,000 sf residence features floor-to-ceiling windows with breathtaking ocean and city views. The residence is a combination of two 2 bedroom units, which includes 2 master bedrooms, large walk-in closets, an office, family room and kitchen with top-of-theline Miele appliances. Unique to the residence is the 3,000 sf of terrace space overlooking the ocean with a full-size swimming pool. Located in Carillon Miami, formerly the Canyon Ranch Miami Beach, owners have access to an incredible list of amenities including a full-service resort that integrates spa services, health, fitness, a world class wellness center and much more.

Record Breaking Sale by Luis Gonell W South Beach Penthouse #UPH5 | Represented Buyer

Under Contract by Luis Gonell | W South Beach Penthouse #UPH2 Asking Price $9,300,000 | Represented Seller

L U I S G O N E L L . E V U S A . C O M

Luis Gonell · Engel & Völkers Miami Mobile +1 239-200-4296 · luis.gonell@evusa.com Licensee of Engel & Voelkers Florida Residential, LLC

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9/1/2018 11:48


I NTRODUC I N G

MODERN MANNERS

(AND HOW TO SURVIVE THEM) illustration by Anthony Haden Guest

T

his month, AVENUE welcomes Anthony Haden-Guest to its analog and digital pages. Following this introduction, his Modern Manners (and How to Survive Them) cartoons will appear once a week on avenuemagazine.com, the digital window onto AVENUE’s world, alongside its regular party coverage, exclusive news, cultural criticism and more. Haden-Guest, a writer, reporter and cartoonist, was born in Paris, grew up in London and has long lived in New York. He won an Emmy Award for writing and narrating a PBS program about the arrival here of the affluent immigrants known as Eurotrash.

120 | AVENUE MAGAZINE • AVENUE ON THE BEACH • JANUARY | FEBRUARY 2018

His books include The Paradise Program (William Morrow), Bad Dreams (Macmillan); True Colors: The Real Life of the Art World (Grove Atlantic); and The Last Party: Studio 54, Disco and the Culture of the Night (Morrow). He has also published two books of cartoons and verse, The Chronicles of Now and In The Mean Time, and his cartoons have been shown at many venues, including Deitch Projects, the Venice Biennale, Anderson Contemporary, which also showed his neons, and at Manolis Projects in Miami during last month’s Art Basel. The Further Chronicles of Now!!!, a CD of Haden-Guest reading his verse, produced by Keith Patchel, was released this summer. ✦


Real estate agents affiliated with The Corcoran Group are independent contractor sales associates and are not employees of The Corcoran Group. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer. 51 Main Street, East Hampton NY 11937 | 631.324.3900

Somewhere In Time On the Lanes of Amagansett Amagansett. In 1927 Babe Ruth had a career year with 60 home runs, Al Capone grossed over $100 million terrorizing Chicago, Sacco and Venzetti along with Charles Ponzi were incarcerated in the same Boston prison and Charles Lindbergh found Paris 33 hours after leaving Roosevelt Field. That very same year, in the then quiet summer colony of Amagansett, a quintessential summer cottage, midway between village and beach, completed construction on a very deep half acre on Meeting House Lane. Nearly 100 years later, that same residence, variously expanded and renovated over the years to include over 4000 SF - on three floors of living space, is ready for its next owner to enjoy. Original details balance harmoniously with modern amenities throughout this 4 bedroom residence which most recently received a new kitchen to service the formal dining room, an updated living room with fireplace complementing the original salon, a new master wing with covered outdoor porch and a finished lower level offering a luxurious bedroom suite. Outside, a legal one bedroom guest cottage is joined by a wonderful pavilion servicing the heated pool with brick patio, all framed by lush lawn and colorful, established landscaping. Navigate Main Street with its shops and restaurants or bike to the ocean where the waves wash over pristine sandy beaches. ith nothing like this for sale on the very hot anes of Amagansett, this new offering awaits your private tour today. Exclusive. Price Upon Request WEB# 42936

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Southampton to Montauk...Sagaponack to Shelter Island The Hamptons for Buyers, Sellers, Renters & Investors

GARY R. DePERSIA Licensed Associate Real Estate Broker

m: 516.380.0538 | gdp@corcoran.com

9/1/2018 11:27


THE WORLD’S FIRST DISCOVERY YACHT Debuting August 2018

Explore beyond the horizon in 2018 as luxury and discovery combine on the World’s First Discovery Yacht. Home to a wealth of facilities and amenities, featuring luxury suites, world-class dining, top-shelf beverages, butler service and our 5,920 square foot Spa Sanctuary. Twin-engine helicopters, a submarine and a fleet of Zodiacs and kayaks add a whole new dimension of discovery on our shore excursions. From the top of the world to Antarctica and everywhere in between, ocean cruising has never felt like this. With 365 days to explore 4 of the world’s continents, travel with us as we strive to exceed all expectations.

Contemporary French dining

Submarine excursions

345-430 square foot Verandah Suite

Contact your Travel Professional or call us at

1.855.517.1200 scenicusa.com/eclipse

Scenic Luxury Cruises & Tours | One Financial Center, 4th Floor | Boston, MA 02111

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1/18/18 12:29 PM

AVENUE January|February 2018  

Founded in 1976, AVENUE is a must-read among the city’s most discerning, stylish and savvy audiences. As Manhattan’s oldest society magazine...

AVENUE January|February 2018  

Founded in 1976, AVENUE is a must-read among the city’s most discerning, stylish and savvy audiences. As Manhattan’s oldest society magazine...