AVENUE JANUARY 2014
KRISTY HINZE CLARK at home in Il Palmetto
Cocktail on the AVENUE, Daisy Prince meets “the other” Daisy Prince
A-LIST The who’s who of the island: Catie and Donald Marron, Bettina Anderson, Aerin Lauder, Pauline Pitt and Gerald Seay, Christine and Stephen Schwarzman,
plus many more
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VOL. 38 NO. 1
PALM BEACH A-LIST
As temperatures drop in New York City, the social scene in Palm Beach heats up. We compile the who’s who of our favorite wintertime getaway. Former swimsuit model Kristy Hinze Clark is more than just a pretty face. The wife of tech titan Jim Clark is a doting mother, environmental and animal activist and entrepreneur taking Palm Beach (and the globe) by storm.
by janet allon photographs by fred love
CREAM OF THE CROP
From Café L’Europe and Ta-boo to būccan and Michael R. McCarty’s, we take a look inside Palm Beach’s iconic mainstay restaurants and tasty hotspots alike.
by charlotte ross
REAL ESTATE ROUNDTABLE
A discussion with Palm Beach’s real estate movers and shakers.
by paola iuspa
SALT OF THE EARTH
Meet Jacqueline Albarran, the green architect behind the island’s first LEED Platinum house.
by haley friedlich
this page Kristy Hinze Clark wears her own dress and sandals. Photographed at her home, Il Palmetto, by Fred Love. Styled by Eric Christian of Style Concierge, Inc. Hair and makeup by Jose Miller Makeup and Hair.
Our distinguished panel of pros discusses the latest topics shaking up the financial market.
moderated by haley friedlich
on the cover
Kristy Hinze Clark wears Prada dress. Available at Saks Fifth Avenue, 172 Worth Avenue, 561.833.2551. Shoes by Azzedine Alaia. Available at Nordstrom Palm Beach Gardens, 3111 PGA Boulevard, Palm Beach Gardens, 561.340.2100. Photographed at her home, Il Palmetto, by Fred Love. Styled by Eric Christian of Style Concierge, Inc. Hair and makeup by Jose Miller Makeup and Hair.
A bevy of festive fundraising gatherings for the charitably-minded social set—with Jerry Seinfeld, Bruce Springsteen and Cyndi Lauper.
by debbie bancroft
OBJECTS OF DESIRE
Pearls, prints and pops of color to prepare you for a walk down Worth Avenue.
by haley friedlich 6 | AVENUE MAGAZINE • JANUARY 2014
Under my Skin now playing on: JENNIFERTATTANELLI.IT
microfilm is a production BY
77A Main Street Westhampton Beach, NY
Piazza Pitti 30-31/R Firenze, Italy
VOL. 38 NO. 1
cocktail on the avenue
Daisy Prince comes face to face with her namesake over a drink at Bar and Books.
by daisy prince
The late television mogul John Kluge’s legacy at Columbia University lives on with Casa Sin Nombre on El Bravo Way.
by michael gross
Postcards from . . .
Palm Beacher Lorna Graev, a board member of Fountain House, takes us away to Istanbul.
by haley friedlich
Winter means a European whirlwind for R. Couri Hay, with stops in London for L’Wren Scott, Vienna with the Habsburgs and Paris for the Bal de Débutantes.
by r. couri hay
World According To . . .
Bigtime Broadway producer Terry Allen Kramer reveals her Palm Beach lifestyle.
introduction by charlotte ross
on the avenue
The best parties of the month, including the Guggenheim gala, an Illycafé screening at Core Club and more. A look at what’s on view at museums, galleries and auction houses.
For the latest on people and parties, visit www.avenuemagazine.com
8 | AVENUE MAGAZINE • JANUARY 2014
letters to the editor
AVENUE welcomes “Letters to the Editor” Please address to: Editor Daisy Prince 72 Madison Avenue, 11th Floor New York, NY 10016 email@example.com
The future is unknowable. Its strategies aren’t. It’s impossible to predict tomorrow’s economy. But it’s not impossible for investors to prepare for its opportunities and risks. In fact, it’s essential. At BNY Mellon Wealth Management, we develop strategies that make the most of today’s investment environment while remaining agile enough for tomorrow’s. So our clients move forward with confidence, no matter what the economy does next. Is your portfolio structured for success? Find out with our complimentary portfolio stress test.
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R. Couri Hay
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letter from the editor
Kristy is graceful under pressure and will keep her sense of humor at all times.
PALM BEACH HAS always seemed like a utopian fantasy to me. Enormous wedding cake-like houses, cornflower-blue skies that seem to be on perpetual repeat and hedges so finely clipped that you could lay a straight ruler against them: People who live in Palm Beach seem to lead kinder, gentler lives. Maybe that’s what happens when the temperature is always right for an ice tea and there is no shortage of partners for a game of tennis. Whatever it is, the Palm Beach crowd seems to be eating something different in their morning Cheerios than the rest of us. One of Palm Beach’s most cheerful citizens has to be Kristy Hinze Clark, our cover girl. An ex-swimwear model now married to the founder of Netscape, Kirsty manages to combine a laid-back quality with the aura of someone used to rolling with the punches. She really proved her mettle on the day of our photography shoot: I’d flown down from New York and was being shown around Il Palmetto, Jim and Kristy’s stunning house, when we realized that there was a small problem with the clothes for the shoot; none of them had arrived. The hours were ticking by and I had a plane to catch back to New York. I realized that if we were going to get the session done at all, we were going to have act fast. So I turned to Kristy and said, “Well, let’s shop your closet.” Kristy didn’t skip a beat and we made our way up to her closet (which took rather a long time as hers is a very large house) and started pulling tons of clothes from her hangers. Laughing, we talked about the difficulties of constant packing. Kristy and her husband, Jim Clark, are massive globetrotters who never spend more than a few weeks at a time anywhere. We soon found a suitable array of goodies, put Kristy in them and started snapping away. Later, the clothing cavalry did appear, so we did get the chance to put Kristy in most of her favorite designers. What I learned is that she is graceful under pressure and will keep her sense of humor at all times. I’m only sorry that I had to take off before having a much-needed drink with her that evening. As her friends will attest, Kristy is definitely the kind of girl you’d love to get a cocktail with. Hear that? Hey, Kristy, next time you’re in New York, call me! We’ll go for a cocktail! Enjoy the issue!
Above: Daisy Prince wears earrings by Dorie Love. Bottom: Kristy Hinze Clark wears a dress by Akris and flat shoes by Prada. Her three dogs are Ava (as in Gardner) and her brother (Marlon) Brando, and Ava’s son Elwood (as in the Blues Brother). 12 | AVENUE MAGAZINE • JANUARY 2014
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The design concepts for the furnished residences at The Residences at W New York—Downtown including all loose furnishings and certain fixtures and finishes, were entirely conceived by the participating designers. Starwood Hotels & Resorts Worldwide, Inc., W Hotels and their affiliates were not involved in developing the design concepts or selecting such furnishings, fixtures and finishes for the residence and make no representations that they are consistent with the image, quality, design standards and expectations of the W Brand. Exclusive Sales And Marketing By
A Moinian Group project. The Residences at W New York—Downtown are not owned, developed or sold by Starwood Hotels & Resorts Worldwide, Inc. or its affiliates. Moinian Group uses the W trademarks and trade names under a license from Starwood Hotels & Resorts Worldwide, Inc. This is not an offer to sell or solicitation of offers to buy, nor is any offer or solicitation made where prohibited by law. The statements set forth herein are summary in nature and should not be relied upon. A prospective purchaser should refer to the entire set of documents provided by Moinian Group and should seek competent legal advice in connection therewith. Equal Housing Opportunity. Sponsor: 123 Washington LLC, 530 5th Avenue, Suite 1800 New York, NY 10036. The complete offering terms are in an Offering Plan available from the Sponsor. File No. CD06-0687.
photographed by Christian Escario
Palm Beachers Matthew Mellon and Nicole Hanley Mellon dancing after their wedding. The coupleâ€™s recently launched site, hanleymellon.com, features fashion, art and lifestyle content as well as curated products.
on the avenue
Zac Posen, Lauren Santo Domingo and Derek Blasberg
Joanna Baker de Neufville and Ali Wise
Carolina Herrera and Emilia Fanjul Pfeifler
GALA FOR GOOD
The Associates Committee of the Society of MSKCC and Carolina Herrera host annual fall party
arolina Herrera gowns swept the floor of the Four Seasons Restaurant at the festive fall fête, overseen by Associates Committee chair Shoshanna Gruss. Honorary chair Patricia Herrera Lansing and co-chairs Emilia Fanjul Pfeifler, Joanna Baker de Neufville, Cynthia Cook Smith and Hayley Bloomingdale joined Gruss as she spoke about the Committee’s newest initiative, Pediatric Sarcoma. Veronica Beard and Allison Aston were among the supporters who helped raise $530,000.
Indre Rockefeller and Lauren Remington Platt
Alexi Ashe and Seth Meyers
Will Forte Nasim Pedrad and Josh Hutcherson
A NIGHT AT THE MUSEUM The American Museum of Natural History rings in its annual gala
constellation of stars and notable New Yorkers gathered in the Theodore Roosevelt Rotunda for cocktails, followed by dinner and a performance by Florence + the Machine under the belly of the museum’s 94-foot-long blue whale. Tina Fey played host to the cultural soirée, while fellow SNL star Seth Meyers and Lydia Fenet of Christie’s oversaw the auction. Supporters, including Julia Koch and Karen LeFrak, stepped out for the evening, sponsored by Graff Diamonds. Karlie Kloss PAUL PORTER/BFANYC.COM
Baz Luhrmann 16 | AVENUE MAGAZINE • JANUARY 2014
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on the avenue
Paul Wilson, Tara Wilson, Erik Oken and Jennifer Oken Charlotte Ronson and Katie Zorn
Clare McKeon, Mark Gilbertson and Elisabeth Saint-Amand
The Associates Committee of Fountain House hosts its sixth annual fall fête
D Sarah Simmons and Sunny Biasi
owntown fashion scenesters and the uptown philanthropic set collided for an evening in support of Fountain House. Mark Gilbertson, Kate Allen, Clare McKeon, Charlotte Ronson, Dani Stahl and the Zorn family stepped out for cocktails at the Giorgio Armani boutique, followed by dinner, a silent auction and dancing at the Racquet club. The event, which serves to introduce a new audience to the organization and its mission to fight the stigma associated with mental illness, highlighted its Supported Education Program as well as the Danny Zorn Scholarship Award.
Bill Manger, Kathy Prounis and Brian Sawyer
Keith Edwards and Christian Coulson
Katie Couric and Katrina Pavlos
Harvey Weinstein and Coralie Charriol Paul
Valesca Guerrand Hermes Whitney Fairchild
CELEBRATING CINEMA Illycafé, Andrea Illy and Harvey Weinstein host screening of Inspiring Creativity trailer and City Girl
inema enthusiasts and caffeine fiends congregated at the Core Club to view the trailer for Andrea Illy’s (CEO of Illy) short Inspiring Creativity before its debut at Art Basel. Afterwards Harvey Weinstein introduced moviegoers to his greatest inspiration, F.W. Murnau’s 1930s silent film City Girl while Katie Couric, Coralie Charriol Paul and filmmaker Katrina Pavlos took their seats. Nestled in plush leather couches, guests, including Jennifer Creel and Alvin Valley, indulged in Illy espresso martinis, Cioccolatinis, Domori chocolate-covered strawberries and popcorn.
Kelly Rutherford and Alvin Valley 18 | AVENUE MAGAZINE • JANUARY 2014
Ellie Johnson and Kimberly Von Koontz
Corinne Oats and George Kakaty
Claudia Galvin, Christine Petersen and Susan Poli
James Retz and Debra Petkanas
REAL ESTATE MEETS ART Bernardaud and Sotheby’s International Realty toast Sotheby’s Contemporary Auctions
P Chardonnay Pickard, Eliseo Rivera and Lynley Middleberg
ower brokers mingled with close associates of Bernardaud to celebrate the opening of the French porcelain manufacturer’s flagship store in Chelsea. Attendees including, George Kakaty, President of Bernardaud North America, and Sotheby’s Senior Vice President Ellie Johnson sipped champagne and admired the Art de la Table collection. Jeff Koons and Julian Schnabel were among the contemporary artists who created artful dinnerware for the French brand’s 150th anniversary.
Joe and Colette Southwick
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Tel: 973-429-2106 | www.RichardBaileyInteriors.com JANUARY 2014 • AVENUE MAGAZINE | 19
on the avenue Larry Gagosian and Christopher Wool
Justine and Jeff Koons
Raf Simons and Leelee Sobieski
The Guggenheim International Gala celebrates artists James Turrell and Christopher Wool
A Mia and Patrick Demarchelier and Doris Brynner
rt enthusiasts and philanthropists gathered in the museum’s rotunda for an evening honoring artists James Turrell, whose exhibition was featured from June through September, and Christopher Wool, whose retrospective opened in October and remains on view through January. Sponsored by Dior, the benefit dinner attracted the likes of Phyllis Mack, Peter Brant, Larry Gagosian and Jeff and Justine Koons. The gala featured a Paddle8 auction and raised over $2.8 million for the Guggenheim and its educational initiatives.
Jeanne Greenberg Rohatyn
Dr. Thomas Sculco, Cynthia Sculco and Marina Kellen French
Princess Gloria von Thurn und Taxis
Anne, Jeanne and Joël Mirbey and Michael Tong
CAUSE FOR CELEBRATION
Susan Rose and Renee Flug
Hospital for Special Surgery hosts its annual Autumn Benefit
Carol Ibsen and Ann Jackson
he charitably-minded mingled with notable New York surgeons for cocktails, dinner and entertainment provided by Abba Girlz at Guastavino’s restaurant. Benefit committee chair Cynthia D. Sculco and co-chairs Renee Flug, Carol M. Lyden and Antonella G. Salvati welcomed guests while Dr. Thomas Sculco gave remarks. The evening, which raised nearly $900,000 toward medical education, was followed by dancing and cocktails with Young Friends of Hospital for Special Surgery, chaired by Sarah Jane Gibbons.
Linda and Bob Vilensky
Deirdre Stanley and Shaun Massiah
ou’ve now made it through the four weeks that contained both consumption mother lodes—T-Day and Christmas—with a little Hanukkah thrown into the mix. With nary a week that didn’t include some sort of riotous celebration, we’ve all rolled from stuffing and squash (and an annual Bollito Misto), to glögg, champagne and gingerbread. The statistic that claims we gain, on average, five to seven pounds over the holiday season seems to be lowballing it. So perhaps it is fitting that the Silver Hill Annual Gala ushered in the season. Silver Hill is, of course, the psychiatric and addiction treatment center. The benefit, founded in 2009 by a grateful patient, Michael Cominotto, and his husband, Dennis Basso, raised over $4.5 million dollars for the care of adolescents and young adults. Perhaps most touching this year were the personal stories shared by Beverly Orthwein, who bravely described her bi-polar condition and slow path to recovery, aided by her patient husband, Peter (now a Silver Hill board member), and sons, who love her “unconditionally.” Music producer Jonny Podell was also on hand to introduce performer Cyndi Lauper as the friend who “saw me through the dark” during his own recovery. Cyndi took the mike and, in her signature Queens accent, said, “I don’t usually sing in banks, but, hey,
The Most Wonderful Time of the Year
Jon Stewart, Caroline Hirsch and Brian Williams Cyndi Lauper
Dennis Basso and Michael Cominotto Beverly and Peter Orthwein
we’re raising money, aren’t we?” She then proceeded to remind us of her vocal chops, with “At Last,” “Fearless” and, of course, “True Colors.” CNBC commentator Lawrence Kudlow was also honored, and shared his story of his 18 years of recovery. Supporters for the gala included: Eva Lorenzotti, Lisa and Donald Jackson, Danielle and David Ganek, Ritchie Howe, Nina Griscom and Leonel Piraino, Nonie and Johnny Sullivan, Kirk Henckels and Fernanda Kellogg, Amy Fine Collins, Bill Smith, Alex Hitz, Valesca Guerrand-Hermes and Gigi and Carl Grimstad. An event for all seasons, and one of my favorites this season was Stand Up for Heroes, presented by the Bob Woodruff Foundation and Caroline Hirsch and Andrew Fox’s New York Comedy Festival. This comedy and music show honors and supports injured returning service men and women, their families and vets in general, many of whom were there. As Jon Stewart said, “It’s so rare to perform for people who are so much better than me.” Though Jon was pretty darn good, the comedian continued, “When I think about your service, tenacity, courage and love of country, I think . . . do any one of you know how to build a f---ing health-care website? It’s like Zappos, but for insurance.” Jerry Seinfeld, Bill Cosby and others kept us laughing that night, till the show came to a standstill for Roger Waters (fresh off his record-breaking tour—the highest-grossing tour for a single performer in history) and the 30-person band from MusiCorps, made up mostly of wounded warriors. Tim Donnelly, who lost both legs in Afghanistan, sang “Hallelujah”; the whole band sang “Imagination”; and, as you can imagine, there was nary a dry eye or unswelled heart in the sold-out theater. Then Bruce Springsteen pushed us over the crazy edge, and Jamie Niven capitalized on the frenzy in his auction of Bruuuuce’s guitar. As more incentives were added—private lessons, a visit to his home studio, his Mom’s lasagna and Brian Williams’ tie (which moved the bidding by $11.00)—the proceeds topped out at $250,000. A drop in the bucket of our debt and gratitude to these folks, but also a fine start. ✦
ADRIEL REBOH/PATRICKMCMULLAN.COM; WATERS AND STEWART: BRYAN BEDDER/GETTY IMAGES FOR NEW YORK COMEDY FESTIVAL
A summary of holiday cheer
Own a Piece of Paradise. Palm Beach.
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Feasting the Eyes This month’s selection of art and antiques on view, for sale and on stage AUCTIONS CHRISTIE’S Jan. 14–15: Interiors Jan. 23: Silver Jan. 24: American Furniture Jan. 27: Chinese Export Porcelain Jan. 29: Renaissance Jan. 29–30: Old Master Paintings 20 Rockefeller Plaza 212.636.2000 BONHAMS NEW YORK Jan. 24: Fine Maritime Paintings & Decorative Arts 580 Madison Avenue 212.644.9001 DOYLE NEW YORK Jan. 11–14: Yale R. Burge Collection Jan. 29: Important English & Continental Furniture & Decorations/ Old Master Paintings 175 East 87th Street 212.427.2730
EXHIBITIONS FRICK COLLECTION Until Jan. 19: Vermeer, Rembrandt, and Hals Jan. 28–June 15: Renaissance and Baroque Bronzes from the Hill Collection 1 East 70th Street 212.288.0700 George Petty . . . so take my advice and just bet your shirt! Variant of the July 1941 Esquire Magazine centerfold, mixed media. Estimate $5,000 to $7,000. At auction January 23, 2014, at Swann Auction Galleries
SWANN AUCTION GALLERIES Jan. 23: 20th Century Illustration 104 East 25th Street 212.254.4710
GALLERIES AARON FABER Jan. 16: Understanding One’s Luxury Legacy 666 Fifth Avenue 212.586.8411
GUGGENHEIM MUSEUM Until Jan.22: Christopher Wool Until April 23: Kandinsky in Paris, 1934–1944 1071 Fifth Avenue 212.423.3500 METROPOLITAN MUSEUM OF ART Until Jan. 12: Balthus Cats and Girls Paintings of Provocations 1000 Fifth Avenue 212.535.7710 MUSEUM OF MODERN ART Until Jan. 26: Walker Evans American Photographs Until Jan. 26: American Modern: Hopper to O’ Keeffe
HIRSCHL & ADLER GALLERIES Until Feb. 8: About Face: Four Centuries of Portraits The Crown Building 730 Fifth Avenue, 4th Floor 212.535.8810 LUHRING AUGUSTINE Until Jan. 11: Reinhard Mucha Until May 3: Michelangelo Pistoletto Jan 24.–March 1: David Musgrave 531 West 24th Street 212.206.9100
Carel Fabritius, The Goldfinch, 1654, oil on panel, on view at The Frick Collection 24 | AVENUE MAGAZINE • JANUARY 2014
SEAN KELLY Until Jan. 25: Robert Mapplethorpe: Saints and Sinners 475 Tenth Avenue 212.239.1181
Untitled, 2010. Enamel on linen by Christopher Wool, on view at the Guggenheim Museum
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arts calendar Until Jan. 20: Dorothea Rockburne: Drawing Which Makes Itself Until Feb. 17: Isaac Julien: Ten Thousand Waves 11 West 53rd Street 212.708.9400
WHITNEY MUSEUM OF AMERICAN ART Until Feb. 2: Rituals of Rented Island: Object Theater, Loft Performance, and The New Psychodrama–Manhattan, 1970–1980 Until Feb. 9: T.J. Wilcox in the Air Until Feb. 23: Edward Steichen in the 1920s and 1930s: A Recent Acquisition 945 Madison Avenue 212.570.3600
Marlene Dietrich, 1931. Gelatin silver print by Edward Steichen, on view at the Whitney Museum of American Art
METROPOLITAN OPERA HOUSE Falstaff Jan. 6, 11 L’Elisir d’Amore Jan. 9, 13, 17, 21, 25, 29 La Bohème Jan. 14, 18, 22, 25, 30 Madama Butterfly Jan. 16, 20, 24, 28 Rusalka
Jan. 23, 27, 31 10 Lincoln Center Plaza 212. 362.6000 THE MET ORCHESTRA Jan. 13: Shostakovich for the Children of Syria Stern Auditorium 881 Seventh Avenue 212.247.7800 NEW YORK PHILHARMONIC Jan. 7: Yefim Bronfman, Lindberg, Rouse, and Tchaikovsky’s Symphony No. 5 Avery Fisher Hall 10 Lincoln Center Plaza 212.875.5656 ✦
Madama Butterfly at the Metropolitan Opera
#5 Clairmont Road, Estate Clairmont Christiansted, St. Croix
26 | AVENUE MAGAZINE • JANUARY 2014
Atop the lush hilltop of St. Croix, Villa Clairmont is the ultimate Caribbean getaway. Just 15 minutes away from the beach, restaurants and nightlife. Stunning 360° views, a main and guest house, fully equipped outdoor gazebo. It’s all here at Villa Clairmont.
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objects of desire
1. Flower Resin Ring by NINA RICCI, $495. Available for special order at Carla Martinengo, 214.739.7076
2. Seville Drop Earrings with Pearl and Blue Topaz by SEAMAN SCHEPPS. Available at Seaman Schepps at Trianon, 237A Worth Avenue, Palm Beach, 561.802.4410 3. Striped Floppy Hat by MELISSA ODABASH ODABASH, $145. Available at Intermix, 218 Worth Avenue, Palm Beach, 561.832.4606 4. Ziegfeld Pearl Tassel Necklace by TIFFANY & CO CO, $1,200. Available at Tiffany & Co, 259 Worth Avenue, Palm Beach, 561.659.6090 5. Transparent Gradient Red/Rose/ Olive Green Sunglasses by BALENCIAGA BALENCIAGA, $360. Available at Neiman Marcus, 151 Worth Avenue, Palm Beach, 561.805.6150 6. Jackie-O Cuff Bracelet BY VAN CLEEF & ARPELS (original was custom made for Kennedy!), $36,100. Available at Van Cleef & Arpels, 202 Worth Avenue, Palm Beach, 561.655.6767
7. Blue Suede Performance Shoes by PAUL AND SHARK, $364. Available at paulshark.it
8. Freesia & Pink Grapefruit Body Crème by KAT BURKI, $62. Available at katburki.com 9. The Jacket Bluetooth Speaker in pink by ALTEC LANSING, $129.99. Available at verizonwireless.com
10. Hammock by HÄSTENS, $290. Available at Hastens.com
11. Satin Loubibow Clutch by CHRISTIAN LOUBOUTIN LOUBOUTIN, $795. Also available at Neiman Marcus or christianlouboutin.com
Emulating Jackie Kennedy’s impossible elegance, we bring you our Palm Beach picks.
12. Belle Dress by SHOSHANNA, $395. Available at shoshanna.com 13. Lift Serum Intense by LANCER LANCER, $275. Available at Bergdorf Goodman in New York, 754 Fifth Avenue, 212.753.7300 and lancerskincare.com
9 28 | AVENUE MAGAZINE • JANUARY 2014
cocktail on the avenue
Tale of Two Princes After many incidents of mistaken identity, Daisy Prince and Daisy Prince come face to face amidst the smoke and mirrors of Bar and Books
30 | AVENUE MAGAZINE • JANUARY 2014
ILLUSTRATION BY JUSTIN “SQUIGS” ROBERTSON
have always loved my name. It’s easy to spell and easy to remember, and I never stop getting compliments on it. I never changed it when I got married, and because it’s unusual, I’ve always been a little protective of it. I never liked meeting other people with my first name, let alone my last name, until now. I first met “the other” Daisy Prince when I was in college. Tiffany’s & Co. accidentally delivered all of her wedding presents to me, and then refused to believe that I wasn’t the person getting married, so Daisy had to come by my student digs herself to collect what seemed like mountains of Tiffany Blue Boxes. Since that moment, I’ve felt that my life is somehow inexplicably linked to the “other Daisy Prince.” I would periodically hear about her from other people. Sometimes it was just a passing comment by someone who knew her from her alma mater, Brown, or occasionally I’d get strange messages on my machine clearly meant for her; once, I was offered a job because the person interviewing me thought I was her. After years of having my curiosity piqued, I decided that it was time to meet “Daisy Prince” face-to-face and find out what she was really like. We had arranged to meet at Bar Pleiades on 76th Street only to find that there was a private party going on, so Daisy texted me to meet her at Bar and Books, which just happens to be one of the last places in New York you can smoke indoors, or cigars at least. Walking into the fug of cigar smoke, I noticed that the place smelled so awful I actually secretly thanked Mayor Bloomberg for the smoking ban. Daisy was already sitting down by the time I arrive. Dressed in black, with skin the color of peaches and a thick blond halo of hair, she started chatting right away. We Lexington Bar and Books ordered our drinks, a Silver Slipper cocktail for Daisy and a glass of Möet for me. We started 1020 Lexington Avenue our conversation by telling what we knew about each other—surprisingly little as it turns out. New York, NY 10021 I knew that Daisy went to Brown and was the daughter of legendary Broadway man, Harold 212.717.3902 Prince, one of the top producers and directors of the past half century. Fiddler on the Roof, www.barandbooks.cz/lexington/ Pajama Game and West Side Story are just a few of his top productions. Daisy is his only daughter, but he also has a son, Charles. The Prince children had a storied upbringing surrounded on all sides by theater folk. It sounds blissful. Summers were spent on a mountain in Majorca, in a beautiful, isolated house on a hill, reachable only by unpaved roads. There was no TV, not much of anything, really, yet lots of artists and friends dropped by for weeks at time. The school year back in New York proved just as entertaining, as the elder Prince would bring his work home with him, usually in the form of actors and composers, and rehearse continually at their house on East 81st Street in front of the children. “When we were really little, my parents used to play through the shows that my dad was working on. Mostly, it was the composer and my dad reading all the parts, and the composer sang everything. I would sit at the top of the stairs and my brother and I would sneak down, taking a step at a time and then race up when we thought we were going to be discovered. I was sort of surrounded in this world by people making great theater—not just people making theater, great theater. I lived a very privileged life in that way, and I’m very grateful for it.” Daisy’s passion for theater continued into her time at Brown. “I met my mentor, playwright Paula Vogel. She said, ‘Hey, you should direct!’ She really pushed me.” Daisy took the advice, starting her directing career right out of college and finding people to work with, gathering writers that she loved. She was unafraid to take risks, “I would go find people at piano bars, I would go up to them and say, ‘Hi, my name is Daisy Prince; you’re amazing—let’s talk.’” More often than not, she could convince them to work with her. Her resume is impressive. A performer and a producer as well as a director. Daisy’s work includes concerts as well as movies (including three Woody Allen films). She
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cocktail on the avenue
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directed both the original productions of Jason Robert Brown’s The Last Five Years and Songs for a New World and NYSF Public Theater 2012 Public Sings! As we slowly sipped our drinks, I could hear the sound of a martini being shaken in the background. Despite the cigar smell, the old school vibe of Bar And Books was beginning to charm me. I asked Daisy what kinds of theater she likes to do. “Small musicals are my favorite, by far, because music is my great love,” she answered. Daisy is currently working on a musical with her longtime collaborator Jason Roberts Brown and playwright Jonathan Marc Sherman; the show is about the world of journalism and how it’s changed. “I was fascinated by the relationship—how truth in journalism has changed,” Daisy said. As examples of that trend, she mentioned “Stephen Glass and Jayson Blair, and the idea of creating a culture where youth is so appreciated that they throw out all the people with experience and ethics, in favor of these sensational fabulists who end up coming in and writing fiction. And then [the publications] accept the fiction because it’s entertaining.” Currently, her new project is called The Connector. Daisy’s gradually getting back into directing full time, but at the moment she is unable to work as much as she’d like because she looks after the two daughters she has with Spin City actor Alex Chaplin. Alex and Daisy met working on a play at Joe’s Pub. When they decided to get married, they chose the maiden name of Daisy’s mother, Judy Chaplin. “I guess we had this romantic notion that we would both pick a name we would share, and that’s that.” Daisy’s daughters are Lucy, 16, and her sister, Phoebe, 10. Lucy has non-verbal autism and Daisy admits that she’s made a lot of career decisions with her daughter’s well-being in mind. “When Lucy was diagnosed, we sort of circled the wagons to figure out what we were going to do. Alexander’s been working back and forth between here and in L.A. I’ve been working when I can, sort of knowing that I wouldn’t be able to do a lot of traveling.” Raising a child with autism is unquestionably challenging, but Daisy hasn’t let it faze her. When she couldn’t find a school that suited her daughter’s diagnoses, she and 12 other families facing the same issues started the McCarton School for children with autism. Because of Lucy’s needs Daisy hasn’t been able to take on as many projects as much as she would have liked. “I’ve been working when I can, sort of knowing that I wouldn’t be able to do a lot.” She may not be as active as she once was, but it’s very clear that Daisy’s first love will always be the stage. “We’re thirdgeneration Carnies!” she said, noting that everyone in the family has been involved in the arts in some way. In addition to her dad Harold Prince, on her maternal side, her grandfather was a composer who worked for Metro-Goldwyn Mayer; and her maternal grandmother was a writer. Her mother was a pianist and ballet dancer. “Some part of me thinks I should have become a physician,” Daisy joked. As our drink was winding up, I found I was having a great time with my namesake, so much so, in fact, that I decided, if I had to share my name with anyone, it was great to have met someone so fun, kind and talented. It would have been hard in any case finding someone I deemed worthy of sharing my name. So, what luck discovering that the “other Daisy” Prince is fully up to the task. ✦
MICHAEL GROSS The front door of the lateJohn Kluge’s ocean house
House of Many Scholars John Kluge’s Casa Sin Nombre—the House with No Name—on the ocean in Palm Beach is being sold to finance scholarships at Columbia University.
n 1994, a year after Forbes ranked him the third-richest American, with his $5.9 billion fortune, John Kluge, the 79-yearold television mogul, set out to acquire a great estate in Palm Beach. Money was no object. “He bought three or four homes in one day,” says Richard Cox Cowell, who owned one of them. Kluge’s attorney had called Cowell, and Cowell had said his house at 121 El Bravo Way—one of the three prestigious east-west streets sometimes called “the Famous Els” (the others are El Brillo and El Vedado)—wasn’t for sale. But Kluge wouldn’t take no for an answer, and knocked on Cowell’s door himself. “I’d known him quite well,” says Cowell, a lifelong resident of the resort town, who repeated his refusal to sell the mid-block 15-room home, built in 1921 by the town’s signature architect, Addison Mizner. Kluge pressed: “What’s it worth?” Cowell—who’d bought it two decades earlier for $345,000—said $2.5 million. Kluge immediately offered $4.5 million. Recalls Cowell: “I said, ‘You’re crazy.’” “I don’t care,” Kluge replied, writing a check on the spot. Looking west from the Not only did Cowell take the check, he cut coquina-stone courtyard of the short a planned ski trip to St. Moritz to close garden house the sale within three weeks, as Kluge demanded. By then, Kluge had bought three more adjacent properties, paying “about $17 million” in total, Cowell says, still sounding a bit boggled today as he adds, “He tore mine down for a garden. He knew exactly what he wanted—a big estate.” Kluge demolished two houses, in fact, and kept two more on 4.3 park-like acres just east of the Everglades Golf Course, three blocks from Worth Avenue and bordering the Atlantic Ocean. His magnificent gardens became his pride and joy. Last year, that estate became the most expensive listed property on the barrier island,
34 | AVENUE MAGAZINE • JANUARY 2014
but the seller wasn’t Kluge, who’d died in 2010, at age 95. Recalling his days as a scholarship student at Columbia University in the midst of the Great Depression, Kluge, in 2007, had made the grandest gesture of his life, pledging $400 million to his alma mater for financial aid for needy students. His was the largest gift of its kind in history (not counting his earlier gifts to Columbia of $110 million). His Palm Beach estate was part of that epochal transfer of wealth. Three of the four lots Kluge bought boast important Palm Beach provenance. Only one, at 86 Middle Road and designed in 1966 by Allen S. Babcock for a stockbroker, was undistinguished. The next-youngest residence on the property was a Bermuda Georgianstyle colonial revival house, by the prolific Palm Beach architect Marion Sims Wyeth, built in 1931 for Peter H.B. Frelinghuysen, of the Revolutionary-era Morristown, New Jersey, family. The Frelinghuysens kept their house for many decades before selling it (along with a 1935 garage, cottage and putting green, at 88 Middle Road) to Robert Kanuth, a Washington, D.C., bond broker and, later, the owner of the Pelican Bay Suites hotel on Grand Bahama Island. The most prestigious of the Kluge properties was 91 Middle Road, a.k.a. 582 South Ocean Boulevard, a designated landmark. The Renaissance Revival villa with Palladian motifs was also designed by Mizner in 1921 and named Villa Audita by his clients, Alfred and Elizabeth Kay. Kay, another stockbroker, lived in Palm Beach for more than six decades with his wife, the editor of The Garden Club of America’s national journal. They were experts in local botany and donated a 135-acre plantation nearby to create the Pine Jog Environmental Education Center at Florida Atlantic University. Their house was later owned by William and Dora Browning Donner. Dora was
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Clockwise: The ocean house; the casino room of the garden house; looking east from the garden house dining room past the reflecting pool; an arched walkway; a garden house courtyard
KLUGE DEMOLISHED TWO HOUSES FOR GARDENS AND KEPT TWO MORE ON 4.3 PARK-LIKE ACRES JUST EAST OF THE EVERGLADES GOLF COURSE, THREE BLOCKS FROM WORTH AVENUE AND BORDERING THE ATLANTIC OCEAN.
a Colonial Dame; Donner was in the steel business in Pittsburgh, a contemporary of Henry Frick and Andrew Carnegie. In 1932, Donner would donate a staggering $2 million to cancer research. That same year, one of the couple’s daughters married Elliott Roosevelt, son of the new president (they divorced 18 months later). In 1937, William and Dora moved to Montreux, Switzerland, in protest against high taxes. But in 1944, they returned to Palm Beach, where they lived until both died in the early 1950s. Their house was renovated and its entrance moved by Wyeth for a later owner, William Hanley, heir to a Pennsylvania oil fortune. His estate sold it to Kluge. The second ghost house on the property was another Miznerdesigned property, at 121 El Bravo. Originally called Kahlua, it was built for Charles Winn, a younger brother of a Baron St. Oswald of Nostell in Yorkshire, where Winn had a country house he shared with several wives, among them a Whitney and a granddaughter of Henry Seligman. Another brother had married well, too, forging ties with the Phippses and the Astors. A later owner was Richard Parish. Described in the headline of his New York Times obituary as a sportsman and foxhunter, he founded a company that made closures and spouts for oil drums, and also bred cattle on a farm in Westchester. 36 | AVENUE MAGAZINE • JANUARY 2014
Parish sold the place to Richard Cowell, the most colorful of all the former owners of the properties making up what Kluge would call Casa Sin Nombre, his “House with No Name.” Cowell was an oil heir, playboy and champion water-skier who dated Ava Gardner, Jayne Mansfield and Celeste Holm in his 20s and then caused a scandal in his 30s: He and the beautiful Gail Whitney, Sonny’s daughter and a descendent of Commodore Cornelius Vanderbilt, got engaged, broke up and then got married, all within the space of ten days in 1958. She filed for divorce a few months later, soon remarried and died of leukemia at age 24. By the ’70s, Cowell himself had remarried twice. Then, having sold his family’s three refineries, 100 million barrels of oil and 100 gas stations to Marathon Oil, he retired in Palm Beach. When we spoke, Cowell was in his next and current home on El Vidado Way, the same street where he had lived as an infant. “I went two blocks in my life,” he said, laughing. Thanks to Casa Sin Nombre, the recipients of Kluge-financed scholarships will surely go far, too. ✦
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A-LIST The Most Powerful and Influential People in Palm Beach photographed by Patrick McMullan
Donna and Bill Acquavella Catherine and Fred Adler Suzanne and Michael Ainslie Maribel Alvarez Katy and Jeff Amling Bettina Anderson Harry Loy Anderson Inger Anderson Kent Anderson Christian Angle Iris and Carl Apfel Jessie and Rand Araskog
Eileen and Bill Araskog Lian Fanjul Azqueta and Norberto Azqueta Sr. Robin Azqueta and Norberto Azqueta Jr. Lyanne Azqueta
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JANUARY 2014 â€˘ AVENUE MAGAZINE | 39
2014 Palm Beach A-LIST
Denise LeFrak and John Calicchio Lee Calicchio Liza Pulitzer and Robert Calhoun Maria Vazquez and Adolfo Cambioso Whitney and Jonathan Cameron-Hayes Iris Cantor Stephanie Carden and Dr. Alexander Carden Lisa and Mike Carney Marianne and John Castle Rhoda and David Chase Kristy and Jim Clark Querube and Alfred Clark Tiffany and George Cloutier Helen Cluett Annabelle and Denis Coleman Kim and Payson Coleman Stephanie and Chase Coleman Timothy Coleman Amy Fine Collins and Brad Collins Cristina Condon Mayor Gail Coniglio and Frank Coniglio Carissa Fanjul Coniglio and Nick Coniglio Patricia Cook Paula and Mark Cook Howard Cox Agneta and Brownlee Currey Celerie and Boykin Curry Merrill and Ashton Curtis
Vic Damone Peggy Dean Diane de la Begassiere Alexandra Villard and Arnaud de Borchgrave Countess Christina de Caraman Eleanor and Morgan Dejoux Joanne and Roberto de Guardiola Margo and Ashton de Peyster Jacqueline Desmarais 40 | AVENUE MAGAZINE â€˘ JANUARY 2014
Arthur de Soultrait Bertrand de Soultrait Beth Rudin DeWoody and Firooz Zahedi Dr. HermĂŠ de Wyman Miro Christina Floyd Di Donna and Emmanuel Di Donna Peggy and Rodney Dillard Debi and Lou Dobbs Lore and John Dodge Linda and Barry Donahue Shannon Donnelly Jonathan Adler and Simon Doonan Ann Downey Renate and Alex Dreyfoos Kimberly DuRoss
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Lisa and Donald Jackson Robert Janjigian Eric Javits Pat Johnson Sheila Johnson Hope and Charlie Jones Darlene and Jerry Jordan
Beth Rudin DeWoody
Ted Hartley and Dina Merrill
2014 Palm Beach A-LIST
Edwina Sandys and Richard Kaplan Susan and Jim Keenan Phoebe Kemble Randy Kemper and Tony Ingrao Michele and Howard Kessler Elena and Tony Kiam Patrick Killian Kelly Klein Judy and Jarrett Kling John Kluge Jr. Bridget and Bill Koch Jessica and Dana Koch Julia and David Koch Paulette and Dr. Ronald Koch Wyatt Koch Carole and Joel Koeppel Dorothy and Sidney Kohl Terry Allen Kramer and Nick Simunek Marie-Josée and Henry Kravis Kristen and Charles Krusen Ivanka Trump and Jared Kushner
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Christina and Benjamin Macfarland III Carol Mack and Ambassador Earl Mack Charlie Maddock Lily and Locke Maddock Lynn and Jay Maddock Nina and Mark Magowan Hillie Mahoney Susan and Tim Malloy Anna and William Mann Nicola and Jeff Marcus HRH Princess Maria Pia of Savoy Susan Markin Lana Marks Catie and Donald Marron Cheryl and Homer Marshman
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Jo Carole Lauder and Ronald Lauder
Mark Badgley and James Mischka
Georgina Bloomberg and Ramiro Quintana
Emmanuel DiDonna and Christina Floyd
Pepe and Emilia Fanjul 42 | AVENUE VENUE MAGAZINE • JANUARY 2014
JANUARY 2013 • AVENUE MAGAZINE | 42
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Susan Keenan Donald and Katherine Marron
Marie-Josee Kravis and Henry Kravis
Jenny and Michael Price 44 | AVENUE MAGAZINE â€˘ JANUARY 2013
Asia Baker and Callie Baker
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2014 Palm Beach A-LIST Joel Pashcow Patricia Patterson Susan and James Patterson Joanne and Harold Paull Matthew Peltz Nelson Peltz Tatiana and Thorne Perkin Frances and Todd Peter Emilia Fanjul Pfeifler and Brian Pfeifler Mason Phelps Ande and Dinny Phipps Ashley Phipps and Ogden Phipps II Samantha Phipps Robin and John Pickett K.C. Pickett and John Pickett Jr. Pauline Pitt and Jerry Seay Tatiana and Campion Platt Jane and Joe Pontarelli Dan Ponton Lois Pope Jim Power Amy and Peter Pulitzer Marina Shields Purcell and Tom Purcell
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Nicole Hanley Mellon and Matthew Mellon
Amalia Dayan and Adam Lindemann John and Andrea Stark 46 | AVENUE MAGAZINE • JANUARY 2014
Christine and Steve Schwarzman Teddy Schwarzman Cornelia Shields Didi Shields Olympia Shields Jeffrey W. Smith The Hon. Lesly S. Smith Tania and Earl Smith Tracy and Matthew Smith Scott Snyder Sharon Sondes and Geoffrey Thomas Andrea and John Stark Ashley Stark Austin Stark Renee and Richard Steinberg Percy Steinhart Claire Stephenson Joyce Sterling and Robert Sterling Jr. Sonja and Mark Stevens Penny Lancaster and Rod Stewart Asia and Ben Stokes Lori Stoll Steven Stolman Samantha and Christopher Storkerson Dana and Dr. Patrick Stübgen Ann and Peter Summers Pam and Willie Surtees Liz and Edward Swenson
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Eric Trump Melania and Donald Trump Vanessa Trump and Donald Trump Jr. Nancy Paul Tsai Betsy and Wally Turner Mary Frances Turner
Jean Marie van Waveren Mieke van Waveren Victor Vargas Christopher Vecellio Michael Vecellio Kathryn Vecellio and Leo Vecellio Jr. Wendy and Michael Victor Diana and Bob Vila
Erik Waldin Alexis Waller Jane Lauder and Kevin Warsh Diana Strawbridge Wister and Billy Wister William R. Wister Jr. Maureen and Orator Woodward Suzie and Bob Wright Stephanie Wrightsman Shirley Wyner
Eleanor and Jon Ylvisaker Jane Ylvisaker
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■ makeup and hair by Josie Miller Makeup and Hair ■ products by Bobbi Brown
Clark wears a dress by Akris. Available at Saks Fifth Avenue, 172 Worth Avenue, Palm Beach, 561.833.2551. Flat shoes by Prada. Available at Neiman Marcus, 151 Worth Avenue, Palm Beach, 561.805.6150. Her three dogs wear collars by Legitimutt. 48 | AVENUE MAGAZINE • JANUARY 2014
M Model m From tomboy to supermodel to supermom, the fabulous life of of Kristy Hinze Clark enters a new chapter
by Janet Allon photographed by Fred Love
JANUARY 2014 â€˘ AVENUE MAGAZINE | 49
50 | AVENUE MAGAZINE • JANUARY 2014
Tan, make-up free, jeans-clad, her blonde hair perfectly tousled, Kristy Hinze Clark strides into The Carlyle hotel café looking like a woman on a mission. She is not exactly the usual image conjured up by the phrase “ladies who lunch,” a role that does not suit her in any event. But The Carlyle is temporarily home base for Clark, along with her husband, Netscape founder Jim Clark, and their adorable 2-year-old daughter Dylan, while their apartment nearby is renovated. “It was a wide open space before,” Kristy explains, tucking hungrily into a Cobb salad. “Now that we have a child, and are trying for another, we decided we’d better have some actual rooms.” The 34-year-old Australian-born former Sports Illustrated swimsuit model and cover girl is as down to earth as she is lovely, wearing her beauty lightly and projecting an ease with herself that is disarming. In the course of an hour-long chat that she has managed to squeeze into a busy schedule, you get the impression that, minus what might be seen as a real Cinderella story—the modeling career to die for, fabulous riches, multiple homes, including Il Palmetto in Palm Beach, and regular travel aboard glamorous yachts—Kristy Clark would pretty much be the same person: a straight-shooting, hard-working entrepreneur and; now, utterly doting mother.
Meringa Sweater by Gucci and skirt by Valentino Red. Both available at Saks Fifth Avenue, 172 Worth Avenue, Palm Beach, 561.833.2551. Navy Suede Pumps by Prada. Available at Neiman Marcus, 151 Worth Avenue, Palm Beach, 561.805.6150
ers is a Cinderella story with a twist—if Cinderella had been a real tomboy and pursued her own highly successful career first before meeting her handsome billionaire prince. Kristy Hinze (pronounced “Hins”) grew up on a farm in rural Queensland, Australia, on the coast and in a close-knit family. Her father was a horse trainer, and Kristy was, as she says, “really into my horses,” so much so that she would, “eat my dinner on horseback,” she says, laughing. A superb athlete all around, and a competitive rider, Kristy might have to blame those peculiar dining habits for the reason her parents deemed her a little too rough around the edges when she hit a certain age. And so they sent her, at about 13, to “deportment school.” The school taught young ladies manners, and other skills like how to fix your hair and makeup, and it also happened to have connections to the modeling world. So, it took little time for the head of the school to recognize the fresh-faced, wide-mouthed, gangly beauty’s potential. From there, it was off to the races, as they say. Kristy became the youngest model to appear in Australian Vogue at 14, a magazine that she had scarcely heard of before gracing its pages with a one-year contract in hand. She tried for a while to juggle a busy modeling career with high school. But hers had become a far from ordinary teenage experience. Despite being close with her family, she moved out of her parents’ home and bought her own place in Sydney at 16; at 17, she’s decided to leave school and pursue modeling full-time. She was “discovered” again by Neal Hamil at Ford Models, who dubbed her “the Thunder from Down Under” and brought her to New York. Young enough when Ford
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“Hers is a Cinderella story with a twist—if Cinderella had been a real tomboy and pursued her own highly successful career first before meeting her handsome billionaire prince.” Models signed her that she still needed a chaperone wherever she went, Kristy remembers the first time she and her mother dined with the formidable Eileen Ford at a fine restaurant. “I had no idea what to do with all the forks,” Kristy laughs. Deportment school had been interrupted, after all. She moved to New York at age 19. Ford Models easily booked her for Victoria Secret and Sports Illustrated’s Swimsuit Edition, and she landed the coveted cover of SI’s Swimsuit Edition in Australia just a few years later. (“That year, Daniella Pestova was on the American cover,” Kristy remembers.)
Dress by Dolce & Gabbana. Available at Saks Fifth Avenue, 172 Worth Avenue, Palm Beach, 561.833.2551. Sunglasses by Tom Ford. Available at Neiman Marcus, 151 Worth Avenue, Palm Beach, 561.805.6150. Clark wears her own shoes, by Prada.
he had joined the ranks of international supermodels, and headed to Europe for the runway. Milan, however, proved difficult, “not good,” she says, and she went on to Paris, where she was befriended by the famous and well-connected makeup artist Stephane Marais, and modeled for the likes of Comme des Garcons, Jean Paul Gaultier and Lanvin. She was in Paris in September 2001, and since her New York apartment was close to Ground Zero, at Rector Street and the West Side Highway, she was suddenly displaced. So she settled in, in Paris, for a while. But it was not a perfect fit. The catwalk took its toll on Kristy with its pressure to be rail thin, and self-starvation did not come naturally to this healthy, athletic beauty. Eventually, she found herself back in New York. When a mutual friend introduced Kristy and Jim in 2005 at Cipriani Downtown, they fell for one another, despite an age gap of 36 years. “He was so smart and interesting to talk to,” she says, Of course, she soon read up on him, including the description of this “maverick visionary” in Michael Lewis’s The New New Thing. That’s when, she once admitted in an interview, it became a bit intimidating. Kristy Hinze had achieved quite a lot of success at an early age, becoming a millionaire and elite model, and she had always been a hard worker who was proud of her accomplishments. But this was a different league. Jim Clark has started not one, but three, billion-dollar companies; Netscape, which was responsible for making the internet accessible to the masses, just being the most famous. And he was very much self-made, growing up fatherless in Texas, majoring in computer science and then plugging into the zeitgeist big time. Whoa. Still, the couple found a lot of common ground. They bonded over a love of the outdoors, Jim’s passion for sailing, great food and an overall love of life. When Jim took Kristy to Il Palmetto, she felt right at home. The
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climate was similar to that of her childhood home in Queensland, and the active life of golfing and playing tennis suited her athletic and still competitive nature. Four years of a sometimes tumultuous courtship followed. “We had our ups and downs,” Kristy says. “ Who doesn’t?” When they decided to get married, it was truly an affair to remember—a ten-day extravaganza on friend Richard Branson’s Necker Island, Virgin Gorda, and aboard Jim’s 295-foot sailing yacht, Athena. Friend Jimmy Buffett attended and entertained pitch-perfectly for the Caribbean setting. Naomi Watts, Liev Schreiber, Edward Norton, Gina Gershon and Fisher Stevens, among others, mingled with Kristy’s entire family from Australia, and about 200 other close friends. Kristy wore Oscar de la Renta and her bridesmaids wore Kristy’s friend, Australian designer and fellow Project Runway judge Jayson Brundson. Jim and his groomsmen wore 100 percent Capri. The vibe was casual yet chic chic chic. “They got married on the beach,” says Christina Floyd, a close friend from New York and Palm Beach and a bridesmaid. “And the Athena was docked in the background. After Jimmy sang, we moved to the boat and danced. It was pretty cool.” The day after the wedding, the celebration continued for Jim’s birthday.
ailing and the ocean are both still passions for the couple. Il Palmetto, a legendary Palm Beach mansion designed by Maurice Fatio, which Jim lovingly restored before meeting Kristy, sits on a property that extends from the Atlantic to the Intracoastal Waterway, and boasts views of both sunrise and sunset. Jim is passionate about saving the oceans and produced the movie The Cove, which exposed Japan’s mass dolphin killings. He is credited with changing the country’s fishing practices and garnered an Oscar nomination in 2010. Kristy is similarly passionate about wildlife and coral reef protection and sits on the board of the Australian Wildlife Conservancy, which purchases huge tracts of land to preserve it and the animals that live there. Having now completed her high school diploma, she is taking courses online at SUNY in the subject she has, as she says, become “keen on”: environmental biology. And the couple still travels a lot aboard the yacht— to Tahiti, Fiji and the Caribbean and favorite destinations—and last summer to the Inside Passage in Alaska, where they delighted in the wildlife—pods of orcas and brown, black and grizzly bears. A mutual love of classical music has provided yet more glue, and one of the Clarks’ favorite charities is the Perlman Music Program, run by Itzak Perlman in New York, with a summer camp on Shelter Island for extraordinarily gifted children. “The kids come from all over the world,” Kristy says, “sometimes from war-torn countries or great poverty.” Every year, the Clarks hold a fundraising event at their home in Palm Beach in conjunction with
“I had no idea what to do with all the forks,” Kristy laughs. Deportment school had been interrupted, after all.” Dress by Azzedine Alaia. Available at Neiman Marcus, 151 Worth Avenue, Palm Beach, 561.805.6150. Cuff by Hermès,240 Worth Avenue, Palm Beach, 561.655.6655
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56 | AVENUE MAGAZINE • JANUARY 2014
Scarf (worn on head) by Emilio Pucci. 150 Worth Avenue, Palm Beach, 561.655.7070. Blouse and pants models own.
“When Jim took Kristy to Il Palmetto, she felt right at home. The climate was similar to that of her childhood home in Queensland, and the active life of golfing and playing tennis suited her athletic and still Emilia and Pepe Fanjul for the school, and in August of 2012, celebrated the opening of the Kristy and James competitive H. Clark Arts Center in Shelter Island right next to Andre Balazc’s Sunset Hotel. nature.” Two years ago, Jim and Kristy’s beloved daughter, Dylan, was born, becoming their greatest shared passion. “We’re both completely in love with her,” Kristy says, “She’s perfect. She’s our whole world.” For Kristy, becoming a mother was the fulfillment of a dream. And, she allows, the couple would like to have another child soon. Her enthusiasm for motherhood is hardly a surprise to her close friends. “Kristy is an amazing friend and she adores being a mother to that gorgeous baby girl,” Christina Floyd says. “It has been beautiful to watch her grow into such a devoted wife and mother. She gives everything to her family.” Having Kristy as company on the golf course in Palm Beach and in Southampton, Floyd says that the two are now more likely to socialize with their baby daughters, taking walks in Central Park and yoga classes at Exhale, and having lunch at Amaranth. Emilia Fanjul Pfeifler adds, “I have loved getting to know Kristy. She is such a fun addition to Palm Beach. A wonderful hostess, mother and friend. She also really knows how to get a party started. That I consider a great trait!”
hen she was pregnant with Dylan, the restless mom-to-be, who was used to keeping busy and having projects, started a little enterprise, which sells high-end dog-wear, and which she cleverly calls Legitimutt (legitimutt.com). The business combines her love of fashion with her passion for dogs. The couple’s three schnauzers, Ava, Brando and Elwood, are frequent models for the line, and are featured on the website. Kristy is proud that Legitimutt’s products are both high quality and “made in America” and says Legitimutt is enjoying some nice success. “For people who don’t have kids, their pets are their kids,” Kristy says. “It’s kept me busy and going to the trade shows for the petwear industry is really fun, and really funny.” Of course, motherhood has brought changes in lifestyle and Kristy figures that next year, when Dylan starts preschool, they may have to start settling down, rather than dividing time just about evenly among New York, Palm Beach and California. Chances are, they will settle in, in California, Kristy predicts. Jim’s daughter Kathy, with whom Kristy is close, lives around the corner, and the state suits the couple’s outdoorsy predilections. California is also that much closer to Australia and to her family—now populated by nieces and nephews, Dylan’s cousins—with whom Kristy remains close, despite, or perhaps because of, leaving them at the tender age of 16—to chase a big dream. A dream that just kept getting bigger. ✦ JANUARY 2014 • AVENUE MAGAZINE | 57
From Café L’Europe and Ta-boo to buccan and Michael R. McCarty's, we take a look inside Palm Beach’s iconic mainstay restaurants and tasty hotspots alike. 58 | AVENUE MAGAZINE • JANUARY 2014
A vintage photograph of The Patio at Testa's restaurant.
PHOTO BY THOMAS D. MCAVOY//TIME LIFE PICTURES/GETTY IMAGES
s temperatures drop in New York City, the “season”—from Thanksgiving through Easter—in Palm Beach heats up. Manhattanites flock south for the winter, in Gulfstream jets, with cashmere hugging their shoulders, to the 16-milelong resort town which has been a living and breathing playground to the über rich for just over a century. Palm Beach is known for its predictable periwinkle skies, though occasionally cold fronts do pay an unwelcome visit. And while a weekend’s forecast may seem as random as a roll of the dice on your reed-covered backgammon table, you can sleep soundly, while nearby ocean waves lull you into a deep slumber, knowing that one thing is certain on the isle of Palm Beach: An 8 pm dinner reservation needs to be booked well in advance. Long gone are the days of the Gilded Age, when guests mingled on the patio at the Paramount Hotel before placing a bet at the blackjack table of the Lake Worth casino. You will also no longer see waiters at Café L’Europe dressed in penguin-like tuxedos; nowadays, even a jacket and tie are no longer de rigeur. Young Palm Beach matrons who once wore sorbet-colored Lilly shift dresses and brightly-woven Jack Roger sandals have kept their 20-year-old figures, but with an updated twist; printed Peter Pilotto dresses fill windows on Worth Avenue; and Miss Trish of Capri flats saunter down the Via Mizner. Ice cube-sized diamonds adorn the well-manicured mahogany fingers of women dining alfresco and— gasp—blue jeans emerge from California Closets for a night out at “The Grill.” Longstanding upscale restaurants have relaxed the unspoken dress code for an evening beneath the palm trees. Life has almost become laid-back and comfortable, easy and breezy as a serving of Michael McCarty’s “Chicken Hash.” Here, we pay tribute to the establishments that have survived the test of time—some over seven decades and others over a mere four years’ time. Boats against the current, economic downturns, natural disasters, et al: These restaurants remain at the top of their game and will stay embedded in Palm Beach’s social fabric for years to come.
The crowd: A cosmopolitan mix that mimics the panEuropean flavors on the menu. Notable regulars include Sean Connery, Alfy and Raysa Fanjul, Dixon and Arriana Boardman, David and Julia Koch and Fred and Catherine Adler, as well as politicians and heads of state alike. The scene: Bentleys and Rolls Royces line up outside. Reminiscent of La Grenouille, colossal flower arrangements—azaleas, hydrangeas and poinsettias—tower tower atop pristine tablecloths. Men in white tie and tails clamor in the bistro room on Oscar night, bursting magnums of Veuve Clicquot while belting out the Sinatra tunes playing on the piano. Sugar magnates descend from their G650s, making their way across the Southern Bridge for a quick caviar tasting en route to Casa de Campo.
Pick of the menu: Start with the Smoked Salmon and Salmon Tartare Timbale, with aquavit, sour cream and dill on a potato pancake; or simply the Caesar Salad. Next, opt for the house-made Crab & Lobster Tortelloni or Cappelacci Trasteveria Pasta, with spinach and ricotta cheese in a tomato basil sauce. If these dishes were removed, there would be "a revolution": the Traditional Weiner Schnitzel and the Senagalese Chicken Curried Soup, served chilled. And to drink? A flute of Veuve Clicquot. An evening with Jackie O’: In 1983 or 1984, on a very busy night, Jacqueline Kennedy walked in the door, recalls owner Norbert Goldner. “About 150 to 180 people were talking amidst a noisy dining room. The minute she arrived, there was no more talking. Everyone stopped; they had food on their forks going to their mouths [and] the food didn't make it there.”
Fred and Catherine Adler
Beloved Bruce: : Maitre d’ Bruce Strickland has been the frontman for 33 years; he quips, “[Owner Lidia Goldner] hired me for my legs!” Strickland says he’s seen it all all—a regular once handed him a tip in the form of a rare thousand dollar bill. It still resides in his safe deposit box.
331 South County Road 561.655.4020 cafeleurope.com For more of our favorite restaurants, including Café Boulud, Echo and the Palm Beach Grill visit avenuemagazine.com
Dixon and Arriana Boardman
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Bistro Chez Jean-Pierre The crowd: The old guard of Palm Beach and their offspring. Among the regulars: Arnold Scaasi and Parker Ladd, James and Susan Patterson, Tina Fanjul, Luis and Lillian Fernandez, Joe Perella, Pauline Pitt and Jerry Seay and Cynthia Boardman.
The crowd: Over its 71-year existence, notable customers have included the Kennedys starting with Joe Kennedy; Jack, when he was living here, as President; and then Ted. Rod Stewart lives around the corner and is a regular. “Jimmy Buffet just moved out, but he has an office here and we see him all the time,” says co-owner Franklyn DeMarco.
The scene: Casually elegant. Says DeMarco: “People are a lot more casual now than they were a few years ago. We have relaxed our dress code—we we don’t like tank tops, and we don’t let people come in, in bathing suits. Almost any [other] kind of dress—as as long as it’s neat—is is accepted. Some people have blazers, other people just have a collared shirt.”
The scene: Those who like to be seen congregate in the bar room, at the two corner tables, while high-profile customers tuck away in the upstairs mezzanine, where chairs fly off the walls and modern art looms overhead. The family-run operation has an unpretentious atmosphere, with food that beats out the most authentic Parisian fare. All in the family: Chef Jean-Pierre Leverrier and his son Guillaume work in the kitchen while JeanPierre’s wife Nicole and other son David (also the sommelier) run the dining room.
Pick of the menu: Start with the Boudin Blanc Sausage, then order the Roasted Duck in a thyme and honey sauce. Finish with the Chocolate Profiteroles—they are not to be missed. If this dish were removed, there would be an uproar: The Dover Sole Meuniere. And to drink? Chablis 1er Cru Key ingredient: Without shallots, the chefs would be very unhappy.
Pick of the menu: For lunch, order a large main-course salad, like the Chicken Caesar or go for the Smoked Salmon Pizza. For dinner, start with the Tuna Martini or Beef Carpaccio; then opt for the Sea Bass in a balsamic reduction sauce. Finish with the Frozen Cappuccino, which can double as dessert. And to drink? Ta-boo boasts around 40 different wines by the glass. Remnants of the past: "A number of years ago we had frogs’ legs on the menu and people liked them, but they were not selling; they went out of fashion; so we took them off the menu and two or three people did complain.” Timeless Ta-boo: “One of our tag lines is, ‘The tradition continues.’ It’s not uncommon to have three—sometimes sometimes even four—generations sitting at one table.” In the history books: ”Ta-boo has been written about so often—there there are books written about it—I’d I’d be surprised if anybody who knows anything about Palm Beach or Florida hasn’t heard of Ta-boo.”
Quality and consistency are key: Everything—bread, desserts, sausages, ravioli—is is made in-house. The bistro is able to forgo a rotation staff by closing on Sundays; that way the same person cooks the same dish every time. “If you come and eat here one day, and come back a month later to eat the same dish, it should taste exactly the same,” says David Leverrier. World-famous French fries: "We blanch them first for five to six minutes at 325 degrees, then cool them; and, when they are ordered, we fry them at 375 degrees for three minutes to crisp them up.”
132 North County Road 561.833.1171 chezjean-pierre.com
Wilbur Ross and Hilary Geary Ross
221 Worth Avenue 561.835.3500 taboorestaurant.com Carol Rohrig and Bill Finneran 60 | AVENUE MAGAZINE • JANUARY 2014
Arnold Scaasi and Parker Ladd
Renato’s Barbara Walters
The crowd: Iconic Palm Beachers, locals, media magnates, hotel guests and dignitaries alike. Among the regulars: Barbara Walters, Iris and Carl Apfel, Steve and Christine Schwarzman, David and Kathy Obolensky and Rose Sachs, who previously owned the Via [Mizner] for 50 years— years she’s 102 years old and was one of Renato’s first clients.
RESTAURANT: MICHAEL PRICE
The scene: A hidden gem located a stone’s throw away from Worth Avenue, nestled along the Via Mizner. It has an Italian country feel to it, with beautiful Pecky Cypress leading up to a Bougainvillea-lined terrace. “Renato’s is kind of a magical place; as you walk in, you don’t really see what you’re going to find until you step through the doors and peek around the corner and see the outside terrace,” says maître d’ Brad Stapleton. Pick of the menu: Start with the Granchio Soffice Fritto (crispy soft shell crab); next order any of the housemade pastas, like the Pappardelle con Vitello e Funghi, featuring a veal and wild mushroom ragu, or the Risotto all'Aragosta (lobster and crab risotto). Finish with the Crème Brulee.
And to drink? A classic martini or Cosmopolitan. For wine, Tuscan reds, in between Chiantis, Vanillas and the super Tuscans, and California Chardonnay. If this dish were removed, there would be an uproar: The Costoletta di Vitello (the veal chop).
man at this point in my life!” So when a flash cloudburst hits and the tropical showers roll in, it takes him around three minutes to completely redesign the terrace—[the staff] picks up tables and moves them into the exterior rooms, leaving their loyal clientele’s mouths agape.
Key ingredient: “Extra virgin olive oil. Everybody needs extra virgin olive oil!” adds Stapleton. Rat pack moment: The restaurant hosted an after-performance party, dinner and cocktails for Frank Sinatra the last time he played at Raymond F. Kravis Center of The Performing Arts in the 1990s. Renato’s “Rain Shuffle”: Due to the high demand of outdoor seating, Stapleton, who's been the frontman for 26 years, says, “If I wasn’t a maître d’, I’d probably be a weather-
Stephen and Christine Schwarzman
87 Via Mizner 561.655.9752 renatospalmbeach.com
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Michael R. McCarty’s Mary Davidson
The crowd: Billionaires, millionaires, bankers, shopkeepers, New Yorkers and locals from all parts of the island. Don and Muffie Mille, Leonard Lauder, Liza Pulitzer, Nellie Benoit, George Hamilton, Tony and Ciri Mortimer, Will and Jean Matthews, Stephen and Muffie Murray and Marvin and Mary Davidson.
Prime seating: Table 5 in the bar. “The old guard and those in the know clamor for the tables in the bar,” says McCarty. Pick of the menu: Start with the Fried Green Tomatoes, then order the Chicken Hash—Brooke Astor’s favorite when Hash she was in town town—or The Scooter (scrambled eggs and bacon). And to drink? The old-fashioned Martini. Instrumental ingredients: Butter and salt.
Alpine adventure: “My good pal and bigger-than-life regular Bud Palmer cut as wide a swathe as any man I ever knew. About a week before he died, after being sick for some time, and on his last visit to lunch at my joint (where he had his own table with a plaque in his name), he came swaying through the front door supporting himself with ski poles. Only in Palm Beach!”
Did you know? Michael McCarty is a saloonkeeper who has not had a drink in 26 years.
50 Cocoanut Row 561.659.1899 michaelrmccartyspalmbeach.com
MCCARTY: LUCIEN CAPEHART PHOTOGRAPHY
The scene: The Dorrian’s of Palm Beach. Striped and pink pillow cushions and backgammon boards lend a Lyford Cay
feel to the spot, which McCarty describes as “British Colonial.” “First and foremost, it feels like home. It is constantly referred to as ‘the club away from the clubs,’” he adds.
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būccan The scene: During the season, George Hamilton tans and sparkly-dressed socialites mingle under high ceilings at this booming melting pot for all ages (21+). Palm Beachers and New Yorkers alike gather in the lounge or the bar or head over to the restaurant’s sister sushi spot, Imoto, through a connecting hallway, for a cozier ambience.
The crowd: Buccan is fast becoming a neighborhood staple and a hot-spot for after dinner drinks. Notable regulars include: Brooke Shields, Eric Trump, Aerin Lauder Zinterhofer, Arvo Katajisto, Somers and Jonathan Farkas and Talbott Maxey.
Prime seating: For intimate seating, sit in the lounge on the east side facing the window. “It’s a great place to eat, drink and watch everyone coming and going,” says co-owner Piper Quinn.
Matteo’s The crowd: Notable residents of the North End, locals and residents of Jupiter and Delray. Among the regulars: Judith Murat Grubman, Sunny Sessa, Mike Shevell (Paul McCartney's father-in-law) and Janice Worth (Barbara Walters’ cousin) and Stanley and Marilyn Katz.
Pick of the menu: Start with the Crispy Squash Blossoms with Tomato Fondue, or the Warm Brussels Sprout Caesar (when they’re in season), and next opt for the Squid Ink Orecchiette or Steak Tartare.
Secret hideout: Located on the ocean block of Sunrise Avenue near the old Paramount Hotel, Matteo's does not bear a sign. Insiders advise friends and first-time customers to look for the "yellow umbrellas on the patio," its signature décor element of the hidden hangout, now in it's third season.
And to drink? The Buccan T, the Watermelon Martini or a bottle of Far Niente wine which Quinn calls “a house favorite.” If these dishes were removed, there would be an uproar: “When we first opened,” Quinn says, “Clay [Chef Clay Conley] took the Mushroom Pizza off one night. Let’s just say it was an unsuccessful attempt at a menu change; it’s been back ever since. I think we’d have the same reaction if we ever touched the Shortrib Empanada.”
Prime seating: Table 54 is much requested for its size and views of the garden and patio.
Judith Murat Grubman
Pick of the Menu: Start with the fresh Diver Scallops with Poached Pears, in a port wine reduction, then order the Lobster Ravioli in a light Strega cream sauce topped with langostina. Finish with the warm Chocolate Grappa Flourless Cake.
What is a “buccan”? A buccan is a native South American term for a wooden framework on which meat was roasted or smoked over a fire, similar to the original meaning of a barbecue. The concept of cooking with wood—the flavor, the experience—is central to Buccan.
If these dishes were removed, there would be an uproar: the Eggplant Tower, Granny Smith Ravioli, Veal Shitake and Matteo’s famous Flourless Almond Macaroons.
Merrilyn Bardes, Piper Quinn and Sara Groff
350 South County Road 561.833.3450 buccanpalmbeach.com
And to drink? Vino Nobile Di Montepulciano.
Did you know? Chef Matteo Vicinanza is from Salerno, Italy, where he once had his own restaurant called Sanginella. A congenial personality, he is known for his willingness to please his customers. "If it is 3 pm and a party of six walks in [looking] to eat—it is not uncommon for him to cook something up right then and there, [even though the kitchen is closed]," says his wife Tami Vicinanza. ✦
LUCIEN CAPEHART PHOTOGRAPHY
140 Sunrise Avenue 561.833.6600
Stanley and Judy Katz
palm beach roundtable
No Vacancy In just a year’s time, the town of Palm Beach has turned into a sellers’ market as demand skyrockets and inventory dwindles. moderated by Paola
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photographed by Michael
AVENUE: How’s the inventory on the island? JOHN O. PICKETT III: As you know, the discretionary market came to a substantial halt in 2008—2009, and to a certain extent in 2010. That created a decent amount of pent-up demand. Now, I’ve got a back-up of buyers who are ready, willing and able to purchase something. But we just can’t find them anything. It’s going to be interesting to see what happens over the course of the next four or five months—whether or not inventory does reemerge and at what level. If not, you are going to start seeing a lot more off-market deals, which you haven’t seen in a long time. JAY PHILLIP PARKER: I agree. Demand is simply outpacing supply, and in turn, there’s upward pressure on pricing. So we’re seeing pricing start to increase, consistent with the general rule of thumb: supply and demand. Overall, inventory’s down 8.1 percent from the same period, last quarter, last year. WALLY TURNER: The market has also shifted from a buyer’s market to a seller’s market. Prices have been on the rise for the past 12 months. There is a lot of demand, especially in the entry level under $5 million, as younger families and seasonal residents come into the market. We have an amazing selection of waterfront properties in the $15 million-to-$50 million [market segment] at this time.
residents. The houses and the lot sizes in general are little bit smaller. Houses in Midtown are larger and tend to be somebody’s second, third or fourth house. They tend to be for people who are down here just for the season or long weekends. Then, you get toward the southern end of Palm Beach, where you’ve got the big estates and you get into the celebrity factor. CAROLE: The sections are also visually different. The Estate section was built for socialites in the 1920s. It has a lot of Spanish homes and historic properties. Midtown is a mix, with many homes built for people who owned shops. They’re on smaller, non-conforming lots. The North End was developed in the ’50s and ’60s, with predominantly Bermuda houses on smaller lots. AVENUE: We saw two big off-market sales—Howard Stern’s and Ken Griffin’s purchases. Is that a trend? JAY: The growth of pocket listings is a phenomenon at the upper end of the market because of tight inventory. Obviously, it gives the seller tremendous leverage when it comes to negotiating. That’s a trend that we’ll see continue. The downside of it is that when you expose your property to a small percentage of people versus the mass market, there’s no competition to drive the price even higher. AVENUE: How’s the volume of sales impacting prices?
JAY: The financial crisis in Palm Beach was deeper than the banking institutions and the real estate market. It also involved the Madoff fraud. People who lost their investment in the Madoff scheme had to put on hold their plans to purchase a Palm Beach home, or in some cases were forced to sell. DANA: There’s definitely a direct correlation between what goes on, on Wall Street and what goes on in the real estate market down here. During the downturn, a new psychological perspective surfaced. People who did extremely well during that time were a little embarrassed to spend big money for a second home. JOHN: Also, people who were doing very well in their jobs didn’t have the confidence, for the first time in a long time, in their ability to replace money.
Participants CAROLE HOGAN, sales director of Brown Harris Stevens of Palm Beach
DANA KOCH, sales associate with The Corcoran Group’s Koch Team
AVENUE: Why is the inventory low? CAROLE HOGAN: We have a very small market here. There are 105 houses for sale right now. When I first got into the business in the late ’80s, we had 275 to 300 houses for sale. Also, people tend to buy in Palm Beach when they are getting ready to retire. So, as these baby boomers from the Hamptons and New York City started buying, maybe within the last ten years, they were buying for future use. Why would they sell when now is their future use? DANA KOCH: In addition to that, sellers have nowhere to go. So, people on the island are a little more reluctant to sell.
DANA: Prices are up almost 20 percent from 2012. They have been impacted more in the North End, where there is a lack of supply, while in the Estate section the increase is more subtle. In the first 10 months of this year, we’re up over 60 percent with regard to sales volume of single-family homes. It’s a pretty significant number. In that period, we had 140 sales, up from 80 during the same period in 2012. JAY: Volume obviously peaked in 2008. Year to date, we’re 12 percent below the peak. But very interestingly, we’re 20 percent above last year.
AVENUE: How would you describe the North End, Midtown and the Estates sections?
JOHN: The volume, particularly from January to June of this year, was the highest I’d seen probably since 2008.
JOHN: The North End tends to be more of a younger group of owners and year-round
AVENUE: How did the financial meltdown affect Palm Beach?
JAY PHILLIP PARKER, CEO of Douglas Elliman Real Estate, Florida Brokerage
JOHN O. PICKETT III, president and a broker at Barrett Welles Property Group in Palm Beach
WALLY TURNER, agent and leading producer at Sotheby’s International Realty in Palm Beach.
JANUARY 2014 • AVENUE MAGAZINE | 65
palm beach roundtable Paola Iuspa
CAROLE: Now that prices have gone back up, we are missing properties in the $4.5 million-to-$6 million range. AVENUE: Is spec construction coming back?
I’ve noticed recently, is that the hedge fund buyers spend more freely. They feel they will be able to replace the money easily because of an improving economy. They spend a little bit more casually on properties here.
DANA: During the downturn there wasn’t any spec building, but savvy spec builders were buying land to sit on it. They came back into the market in the last 12 months.
DANA: So, what’s been happening is that hedge fund managers, who have helped drive our housing market, are now moving their businesses down here.
WALLY: Spec building is having a big resurgence on the island. This is good for buyers who don’t want to go through the pains of designing, permitting and construction. But, be prepared to pay up for that convenience and for having a brand new
JAY: If you own a 10,000-square-foot apartment in the Mandarin Oriental in New York that’s trading at $6,000-a-square-foot, when you replace that for a house in Palm Beach, the new property is a bargain.
Jay Phillip Parker
AVENUE: What is happening with prices? CAROLE: When we had the glut of inventory on the market and nothing was really moving, the North End prices dropped dramatically. The prices are still a bit under market and the area is still hot, in part because you can get new construction in the North End, whereas [in] the Midtown and Estate sections, we have numerous landmarked homes and tear-down restrictions.
AVENUE: How’s the rental market? DANA: There is a local investor in town who bought 10 to 12 houses at current market prices. That investor is in the process of renting all of their homes out. So they see Palm Beach as a great place to invest and bank their money.
JOHN: Whether values dropped 30 percent or 40 percent, North End probably took the biggest brunt of the hit on the island. Between 2009 and 2011 there was something like 40-something sales under $2 million in that part of town. DANA: In Palm Beach, the highest average price and the highest median price were in 2008. Prices bottomed around 2011, when things started to turn. At the end of 2012, it was like someone turned a faucet on. And it’s gone crazy ever since then, especially in the single-family home market. AVENUE: How are prices doing in the Estate section? DANA: The Estate section is a bit of a different animal. The high-end trophy properties that are direct ocean fronts will always sell. But the market that I find to be the quietest and offer the best deals is in the $6 million-to-$15 million-dollar range. 66 | AVENUE MAGAZINE • JANUARY 2014
JOHN: If you’re a hedge fund guy who makes $10 million a year, your taxes in New York are about $5.5 million. Down here, they’d be on the order of about $4 million, saving about $1.5 million a year. So, you can buy a primary residence down here and recoup the money in a few years.
CAROLE: There is practically no inventory of rental properties. It’s really dreadful.
house. Pricing starts in the high $3 million and goes up to $50 million for spec houses. AVENUE: How does the future of Palm Beach look? JAY: The lack of state income tax, the homestead protection and the exclusivity of Palm Beach are going to continue to drive the financial players from Manhattan and the surrounding boroughs into Palm Beach in droves. AVENUE: Are hedge fund managers becoming more active on the island? CAROLE: Hedge fund guys have been here for a long time. The interesting thing, which
palm beach roundtable JOHN: About three months ago, I tried to find a rental for a gentleman who was building a house on the island. I looked for a home in the price range of $4,000 to $12,000 a month on the island and in substantial parts of West Palm Beach. Guess how many I came up with? Nine, and in some of the cases, the property really needed a lot of work.
CAROLE: The condos started to be built in the mid-1950s, so we have a lot of old construction. They have open parking and catwalks, which are the open walkways along the backs of these buildings. And those are some of our better buildings. But people balk at that. That may send some condo buyers over the bridge into West Palm Beach.
AVENUE: What surprises you about the current housing market in Palm Beach?
JAY: We have a new project in West Palm Beach that we are about to launch at 1112 South Flagler Drive. We’re building this project specifically to meet that need: larger units, modern amenities and security. These are all components that people are looking for but are not available at this moment.
DANA: Even though I have less inventory to sell, I’m putting more deals together. The tire kickers have left the market. And when people are out there looking, they’re serious. I’m getting multiple bids again. In the last three weeks, I sold two houses for full asking price. Those days are back with a vengeance.
John O. Pickett III
WALLY: In-town condos continue to perform very well. We have very limited supply at this time. There are a few attractive oceanfront condos available currently in the $2 millionto-$3.5million range. AVENUE: Tell me about one of your favorite listings. DANA: We just listed a property that is a little over 2.6 acres with 300 feet of ocean front at 530/540 South Ocean Boulevard/61 Middle Road. To get that kind of acreage and that kind of ocean frontage close to town and in the Estate section is pretty remarkable. You have the flexibility with the property to build your dream home. The Middle Road property has a gorgeous courtyard-style home on it, designed by architect Marion Sims Wyeth—one of the Wally Turner
JOHN: But we haven’t seen one trade above list, though, yet. AVENUE: How is the condo market? JOHN: Obviously, it fell furthest; and it is still the slowest to come back. The higher-quality condos are starting to catch up a little bit. DANA: Next year at this time, we’re going to be talking about the condo market the same way we’re talking today about the single-family home market. The problem is that in the high end of the condo market, there’s a scarcity of large apartments.
68 | AVENUE MAGAZINE • JANUARY 2014
name architects from the 1920s. The asking price is $47.8 million. CAROLE: We share a listing with Corcoran. It’s on 4.3 acres in the Estate section. And it’s a unique property. It was originally five parcels, four of which were residential parcels. And then, the owner bought the end of Middle Road from the town. There’s a Wyeth house on one part of the property and a Mizner house up on the ocean side. It has 150 feet of ocean front. It’s on the market for $59 million. JAY: 748 Hi Mount Road on the north end of the island: It’s at the highest elevation in Palm Beach, so you have spectacular views from the main floor of the home. It has a tremendous amount of potential for somebody to come in and acquire a home that has great bones and structure and has the opportunity to really turn it into a showcase property, obviously having great dockage. It is listed at $19.5 million. ✦ Paola Iuspa-Abbott is director of media relations with Schwartz Media Strategies in Miami. After a 15-year career in journalism, Paola recently joined the world of public relations. She held several newspaper positions during her career, including senior real estate reporter at the Daily Business Review in South Florida, suburban reporter with the South Florida Sun-Sentinel and real estate reporter with the South Florida Business Journal.
Ne w York Cit Y
h u d s o N Va l l e Y
FIRST CLASS QUALITY East Hampton, New York | $2,800,000 Web#51426 | Jennifer Linick 631.897.3313
FINE STONELEIGH ROAD MANSE New Canaan, Connecticut | $2,675,000 Web#99035004 | Carol Pelzer 203.858.0931
ITâ€™S ALL ABOUT THE VIEWS NoHo, New York City | $15,825,000 | Web#3860018 Richard Orenstein 212.381.4248
STUNNING CLASSIC 8 AT ASTOR COURT 90s West, New York City | $4,300,000 Web#9332567 | Louise Phillips Forbes 212.381.3329
SOPHISTICATED COUNTRY HOME Chatham, New York | $1,295,000 Web#9284973 | Mary Beaton Stapleton 518.929.7783
In the City
1938 BRICK GEORGIAN New Canaan, Connecticut | $4,500,000 | Web#99027655 Mary Higgins 203.247.7625 | Christopher B. Finlay 203.969.5511
In the Country
At the Beach
Find Yours at halstead.com
Halstead Property, LLC We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity 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, religion, sex, handicap, familial status or national origin. All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics reserved to Broker.
palm beach scape
Goingfor the Green
acqueline Albarran is the architect behind Palm Beach’s first LEED Platinum house—the highest energy-efficiency rating a building can be awarded. The house on Colonial Lane is small but mighty—built to create the least waste and use the most local, efficient and environmentally-friendly materials possible, while still maintaining a stunning art deco feel. We sat down with Jacqueline, an award-winning architect, landmark commissioner and principal of top Palm Beach firm SKA Architects.
70 | AVENUE MAGAZINE • JANUARY 2014
How did you become involved with the LEED House project? Victoria Brewer was looking for someone in Palm Beach to do this house and she had heard of me; I’ve been in town for a long time doing residential and she approached me and several other architects. My design was chosen and that’s how it started. What do you think was special about your design or helped you get chosen for the project? Well, I think it’s because I am a historic architect and I am very familiar
How long you have been an architect, and what are some of the other projects you have done in Palm Beach? I have loved this town since I can remember! I moved here in 1985, opened up my firm— SKA Architects. I was very lucky to have gotten to work on the restoration of two historic homes my first year here. One of them was Yoko Ono’s Lennon house, while she still owned it; John had just died and I was working on that for a few years. The other was a beautiful 1920s house. So I became known as the go-to person for restoration and quickly had to learn about Palm Beach architectural history.
palm beach scape with the different styles. The challenge of this particular property was that it was very small, yet we needed to produce a required number of rooms that my client needed and that’s one of the things I’m very good at—working the space allotted and creating views that go through the house. That makes a small house seem very open and spacious. And of course the art deco detailing—that is exactly what the client was hoping for; she asked for a little jewel box and I think that’s what I gave her. Can you give me more details about designing it to be green? The client is American, but lived 20-some years in Switzerland and they have been building green for years and they recycle everything and are very different from us Americans, who love to throw away everything. The first thing she said was that, without a doubt, she wanted it to be green. And the utmost authority here of green is LEED, so we got a consultant and she only wanted the top level of LEED certification, which is platinum.
“they recommend things like recycled glass . . . very interesting materials that are beautiful, but people don’t think of using.” And that is what we have achieved, making it the first platinum-level LEED building in Palm Beach.
What is one easy modification that someone who is building a house in Palm Beach could make towards being greener? Well, the problem is that once it’s built, except for maybe solar panels, it’s almost impossible to alter because they would’ve already had to have all the installations in the walls and the drywall process can produce waste, plus the trash-hauling process can be wasteful—that all already happened. It’s during the building that you get a lot of those extra points. Granite and marble have emissions, so they recommend things like recycled glass; [and other]very interesting materials that are beautiful, but people don’t think of using. How did you source your materials for the house? I assume they also need to be as local as possible, right? Exactly. Let’s say we delivered a lot of houses having bamboo floors. Bamboo floors are very good for the environment, but the problem is, most of them we have to source from China and in the end, it’s worse! So it’s a team effort—the designer, the contractor, the LEED consultant; everyone has to think locally. ✦
AVENUE’s February: Two special real estate sections are planned: • New for 2014: Bringing attention to the most exciting new properties on the market. • Summer Rentals Preview: A selection of some of the most luxe summer rentals being offered. Space reservations deadline: January 10
A special real estate section is planned for this spring fashion issue: • The Women of Real Estate: Profiles of some of the most accomplished women brokers—showcasing their expertise, successes, new listings, etc. Space reservations deadline: February 7
April: The following two profile sections are planned for this design/real estate issue: • The Leading Men of Real Estate: Tying-in with the issue’s Oscar coverage, this section enables top male real estate stars to distinguish themselves from the competition. • Distinguished Designers: Profiles of the most talented interior designers and architects, showcasing samples of their work and discussing their design philosophy, the source for their inspiration and more. Space reservations deadline: March 7 For more information, please contact: Susan Feinman, Associate Publisher 914.714.5053 / firstname.lastname@example.org 72 | AVENUE MAGAZINE • JANUARY 2014
| $14,000,000 70 West 3rd Street, #1 | $4,900,000
65 Thompson Street, #PH | $3,550,000
Web ID: 416650 | An utterly unique and rare property to the market, this loft in Historic Greenwich Village is a combination of two buildings, resulting in a 2,600 sq.ft. floor-through, split level space of gracious proportions. Gut renovated upper level. | Keith Woo 646.508.9635
Web ID: 445784 | This is a truly spectacular floor-through 2 bed, 2 bath plus den. Sun drenched rooms highlight the sleek and refined design. The penthouse gloriously features roughly $400K worth of stunning renovations. | Pawel Ciecwierz 646.630.0599
240 Centre Street, 3K | $2,295,000
214 East 9th Street, #4C | $1,550,000
Web ID: 457744 | Impeccably renovated 1 bed/convertible 2 duplex in iconic Police Building. 16+/- ceilings, fireplace, Miele, Gaganeau and SubZero appliances, Corian countertops, W/D. Landmarked full service co-op, fitness center, common English garden, live in super. Pets welcome. | Christina Visca 917.806.6867
Web ID: 406171 | Rarely available triplex penthouse loft in historic boutique-scale condominium. Unique layout maximizes its approximately 1,100 sq.ft. Private rooftop, lots of closets and storage space, and in-unit laundry. Low common charges and taxes. Sergio Ayo 917.678.4164
201 East 25th Street, #16C | $1,488,000
2323 31st Avenue, #6D | $610,000
Web ID: 386051 | Convertible corner unit 2 bed/2 bath loft in the Peter James Building with views of the Empire State Building. Open loft boasts a 450 sq.ft.wrap around terrace equipped with speakers and electricity. Recently renovated. | Frank Seegitz 718.490.5708
Web ID: 448228 | Duplex 1 bed/1.5 baths on top floor of thirty unit condo. Spacious living room with massive terrace, open kitchen with stainless steel appliances, and king-sized bedroom w/ private terrace. Full amenity building with gym, laundry, and roof deck. Jennifer Rouse 917 816 7018
CORPORATE HQ 212-582-2009
COLUMBUS CIRCLE 212-582-2009
UPPER EAST SIDE 212-584-4220
GREENWICH VILLAGE 212-672-6350
All information regarding real property, for sale, purchase, rental and/or financing is from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rentals or other conditions, prior sale, lease or financing or withdrawal without notice. Note: All dimensions and square footage are approximate for the most exact dimensions and square footage please hire your own architect or engineer.
Equal Housing Opportunity Licensed real estate broker
ask hall f. willkie
A question for one of the city’s top real estate experts . . .
Why do I need a broker when buying a home in NYC if all the listings are available online?
Hall F. Willkie, President, Brown Harris Stevens Residential Sales; 212.906.9203 or email@example.com
74 | AVENUE MAGAZINE • JANUARY 2014
istings of homes for sale may be found on a variety of websites, and in fact approximately 97 percent of buyers start their search online. After a bit of research, however, buyers typically discover that these sites vary widely in their accuracy and relevance to the New York City market. Nor do these sites account for many significant factors, especially value, as well as quality of light, view, condition, building amenities and financial stability. Nevertheless, buyers today are more quickly informed, and more knowledgeable than ever before. This raises the bar for all real estate agents to provide accurate timely information and an increased level of service. It also stimulates more productive, successful relationships between buyers and their agent. The whole experience, in fact, overwhelms many. But an agent can help synthesize the information and save buyers a great deal of time and money they otherwise would have wasted on properties that do not match their desires. Like all industries, residential real estate requires a great deal of expertise which cannot be learned online. What a buyer doesn’t get from an online experience is the proper guidance through the process of home buying that a broker offers. One who is well-educated in the field can tell you the pitfalls of particular buildings, locations or apartments while opening your eyes to options you might never have considered. An agent can further represent your interests in the negotiation process and make certain that the transaction proceeds with as few problems as possible. And there’s no “app” for that. ✦
north county road, palm beach
south county road, palm beach
Offered at $7,850,000 Cara Coniglio McClure 561-805-5043
Offered at $3,895,000 Ed Curran 561-805-5026
one watermark place, #1202
Offered at $6,750,000 Elaine Edwards 561-805-5053
Offered at $5,900,000 Elaine Edwards 561-805-5053
Offered at $3,450,000 Greg Weadock 561-805-5082
palm beach biltmore, #904
leverett house, #2a
400 s. ocean blvd., #418
Offered at $3,350,000 Carole Hogan 561-805-5041
Offered at $2,485,000 Lauren Kesselman 561805-5061, Maureen Woodward 561-805-5044
Offered at $2,400,000 Lisa Bellocchio 561805-5047, Anne Carmichael 561-805-5038
palm beach biltmore, #406
east lakewood road
north flagler drive
Offered at $2,395,000 Carol Digges 561-805-5031
Offered at $2,290,000 Lisa Wilkinson 561-805-5004
Offered at $1,900,000 Lisa Wilkinson 561-805-5004
A Grand Makeover 737 Park Avenue is being transformed into a collection of spacious, private residences that incorporate modern detailing and architectural elements into the historic, pre-war building
ocated at the center of Manhattan’s premier residential corridor, 737 Park Avenue is redefining luxury living on Park Avenue. Originally constructed in 1940, and designed by noted architect Sylvan Bien, 737 Park stands out for its Art Deco design and prime location on the northeast corner of 71st Street. The building, which formerly housed approximately 102 residences, is being transformed into a modern luxury condominium that will now offer 60 private residences. A thorough architectural restoration and modernization of this landmark property has been carried out by Handel Architects and Moed de Armas & Shannon Architects. Residents and guests arriving at 737 Park Avenue enter the building’s lobby through custom-ornamented nickel silver doors. Period specific detailing throughout the expansive lobby includes the original Art Deco terrazzo floor, new custom-designed burled wood paneling, chandeliers and Émile-Jacques Ruhlmann-designed furniture. The legacy apartments within 737 Park Avenue have been thoughtfully designed with graceful layouts that range from 3,000 to 6,000 square feet. Each home offers a generous use of space, with nine to thirteen well-proportioned rooms. “These gracious layouts and living spaces are a nod to grand Upper East Side residences of the past,” says Richard Wallgren, executive vice president of sales and marketing for Macklowe Properties, the property’s developer. “Large homes of this quality are not readily available, especially on Park Avenue, and we are proud to have achieved over $250 million in sales to date, including the sale of a single residence in excess of $25 million.”
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In addition to their grand size, the residences are designed for today’s contemporary living standards and feature large living and dining rooms, spacious eat-in kitchens, solid oak flooring and new casement windows throughout. A central air conditioning system provides year-round functionality with individual thermostat controls in each room. Many residences have private elevator landings and separate service entrances. Windowed kitchens are outfitted by Varenna, with marble slab floors, countertops and backsplashes; flush-mounted Franke sinks; and glass and aluminum cabinetry with under-cabinet LED lighting. Kitchens come complete with a suite of Miele stainless steel appliances, polished chrome fixtures and wine coolers. Large master bathrooms have Italian marble slab walls and vanities, in addition to heated marble floors. Accents include custom vanities by Varenna, Dornbracht-polished chrome fixtures and glass-enclosed showers. Many homes have freestanding soaking bathtubs. Situated steps away from Central Park, Madison Avenue, and several of the city’s acclaimed cultural institutions, schools and restaurants, 737 Park Avenue is a full-service building with doormen, elevator attendants and a resident manager. Amenities include a fitness center with skylight, children’s playroom, multi-purpose garden room available for entertaining with a landscaped terrace and private storage, bike and stroller storage and a separate laundry room. Prospective buyers have the opportunity to tour three model residences within the building. Two were designed and outfitted by
“The overall vision . . . was to blend classical beauty with modern sensibility . . . These additions and original details have allowed us to recapture the building’s place along this notable stretch of Park Avenue.” the award-winning interior design firm of Jed Johnson Associates, the other by Poliform; and each offers different design aesthetics which complement the residences at 737 Park Avenue. The restoration by Handel Architects focused on not just a complete modernization of 737 Park Avenue, but an entire repositioning of the property, which has created grand legacy apartments featuring well-proportioned layouts designed for today’s contemporary living standards. Additionally, Moed de Armas & Shannon Architects re-imagined the building’s lobby and amenities to create a comfortable lifestyle with modern luxuries. Members of the development team worked diligently with the New York City Landmarks Preservation Commission committee to install new out-swing casement windows, and to create the property’s special penthouse.
“The overall vision for this building was to blend classical beauty with modern sensibility,” says Dan Shannon of Moed de Armas & Shannon Architects. “We carefully studied the building, its history and its nuances to achieve this architectural combination of history and modernity. These additions and original details have allowed us to recapture the building’s place along this notable stretch of Park Avenue.” As the conversion and transformation of this prewar condominium building moves toward completion, the property has begun to welcome residents and take its place alongside other grand apartment houses on Park Avenue. ✦ For more information, please call 212.545.7370 or visit www.737parkavenuenyc.com JANUARY 2014 • AVENUE MAGAZINE | 79
Off to a Running Start Dr. Jonathan Glashow and Dr. Bryan Hanypsiak combine the best of cutting-edge academic medicine and rehab for joint injuries, and champion minimally invasive surgeries which allow faster recovery and little to no down time
ith the onset of the new year, and new resolutions starting to pile up, there is no better day than today to begin improving your quality of life. Summer isn’t the only time of year to be conscious of your figure. We’re coming into the time of year when those lucky enough to escape the cold may find themselves lying under palm trees in Palm Beach baring their bodies, just as they would in the Hamptons, in July. And while our culture’s accompanying emphasis on weight and body image may seem purely a cosmetic one, structural implications are important here: Specifically, our musculoskeletal system was designed with an ideal body mass in mind. This is why so many measures of health involve the use of BMI (body mass index). Certainly, most people focus on weight management for looking good in a bathing suit or skin-baring outfit, but they should also realize that lower body weight assures less joint damage and, in turn, less risk of joint disease. In sum, being overweight puts a major strain on the entire body, especially the joints. Even a small excess of body weight over a great length of time can have deleterious effects. To illustrate this, try carrying around a 10-pound weight in each hand all day. The result: a big increase in body effort, which in turn causes joints to work beyond what they were made for. Studies have proven that the force across the knee joint equals two to seven times body weight (depending upon terrain). Next, consider this: An active person takes between 1 million and 1.5 million steps a year. So an extra 20 pounds over those 1 million steps will cost the lower extremity joints millions of extra pounds of force a year. Over time, this strain will become so significant that hips and knees may have to be replaced. This is surgery we have seen a major increase in over recent years, as obesity levels in our country have continued to rise. Being overweight, then, is one of the causes of joint degradation. But there is another: As modern medicine has gotten good at treating complex medical issues and has extended our lifespan, people have stayed active longer, putting further, unforeseen stresses on the musculoskeletal system. Therefore, even an ideal body weight may not be synonymous with an ideal body-fat percentage. Even muscular, athletic people may have an elevated BMI that may negatively compromise their lower-extremity joints. How one exercises can be another cause of joint deterioration; all forms of exercise are NOT equal. Dividing up exercise into cardiovascular training, weight training, balance proprioception and other
activities is crucial in maintaining joint health. In regard to cardiovascular training, I like to differentiate between impact and non-impact loading: Running and walking are typical examples of an impact-loading exercise, while biking and swimming involve minimal impact-loading exercise. Accordingly, to determine what exercise is in tune with our bodies, we need to address factors such as weight, types of exercise available to us and past subtle injuries (as joints become overloaded with age, subtle injuries we had in our youth may manifest as irreversible arthritis). These subtle injuries need to be evaluated and aggressively treated. For such treatment, surgery may be necessary. But because today’s surgeries are more advanced and less invasive than in the past, we may avoid full joint replacements and long recovery times. Partial replacement surgeries may be performed at the earlier stages of joint degradation, giving us more time and quality of life before we resort to full replacement surgery. The old adage that a stitch in time saves nine applies to today’s orthopedic sports medicine and its array of minimally invasive techniques, which allow faster recovery and little to no down time. If we are going to live longer, we should be able to “live younger.” Now is the time to take care of tomorrow. ✦ Dr. Jonathan Glashow and Dr. Bryan Hanypsiak combine the best of cutting-edge academic medicine and rehab, for injuries to the knee, shoulder, elbow and hip. Dr. Glashow is co-chief of sports medicine and a clinical associate professor at the Mount Sinai Medical Center, and a member of the National Basketball Association medical staff. As a physician in practice for 20 years, Dr. Glashow has treated many professional, elite athletes and often consults with professional sports teams. Dr. Bryan Hanypsiak is a board-certified orthopedic surgeon who specializes in hip athroscopy and minimally invasive joint replacements.
JONATHAN L. GLASHOW, M.D., P.C. 737 Park Avenue, Suite 1C ◆ New York, NY 10021 ◆ 212.794.5096 ◆ glashowmd.com 80 | AVENUE MAGAZINE • JANUARY 2014
150 eAst 72nD stReet | 150east72.com This luxury prewar 12-story boutique condominium has recently undergone a complete transformation. The 2-4 bedroom residences are thoughtfully conceived with private elevator landings, large living and dining rooms and well-proportioned bedrooms combining traditional New York living with a modern aesthetic. Residents enjoy 24-hour white glove service, fitness center, children’s playroom and multi-function room. Asking: $3,650,000 to $15,500,000 Allison B. KoffmAn Senior Global Real Estate Advisor, Associate Broker 212.606.7688 | firstname.lastname@example.org Juliette R. JAnssens Senior Global Real Estate Advisor, Associate Broker 212.606.7670 | email@example.com JAcqueline RohRBAch Licensed Salesperson, In-House Representative 212.606.7646 | firstname.lastname@example.org eAst siDe mAnhAttAn BRoKeRAGe | 38 East 61st Street, New York, NY 10065 | sothebyshomes.com/nyc The complete offering terms are in an Offering Plan available from the Sponsor. File No. CD11-0120. Sponsor: Vitruvius Estates, LLC, 767 Fifth Avenue, New York, New York 10153. The unit layout, square footage, and dimensions are approximate and subject to normal construction variances and tolerances. Sponsor reserves the right to make changes in accordance with applicable laws and regulations. This material is based upon information which 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. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered service marks used with permission. Operated by Sotheby’s International Realty, Inc. © MMXIII Sotheby’s International Realty, Inc. All Rights Reserved. An Equal Opportunity Company. Equal Housing Company.
Still Smiling After 25 Years Doctors Marc Lowenberg, Gregg Lituchy and Brian Kantor are transforming the smiles of the elite, and loving every minute of it
alking into the offices of Lowenberg, Lituchy & Kantor, you’ll encounter a posh but comfortable duplex overlooking Central Park South, with a homey feel in the air. This is not the antiseptic-laced drilling site of a dentist’s office you’re used to; yet the comfortable feel isn’t created merely by the office’s wood trimming, plush couches, spiral staircase and photos of smiling celebrity patients covering the walls in their private office (though that all helps. If Heidi and Gisele can do it, so can we, right?). But what really creates the mood is the palpable cheer in the air. Most notably, the three dentists—doctors Marc Lowenberg, Gregg Lituchy and Brian Kantor—operate the practice with a mix of camaraderie and disarming warmth that defies the prestigious reputation of these internationally renowned cosmetic dentists. This year marks the 25th anniversary of the dental partnership that began transforming smiles of celebrities and subsequently made the rest of us smile as if we were celebrities. Lowenberg tells the story of how a chance meeting early in his career brought him The Rolling Stones as some of his first patients. Within a few years his practice boasted a rock-star patient roster that well positioned him for the cosmetic dental revolution that began to evolve in the early ’80s. By the time Gregg Lituchy joined the practice, the dynamic duo was well poised to implement the then new and exciting technique of adhering porcelain laminates to the surface of your own teeth and literally changing your appearance. At that time, cosmetic dentistry was not a field in its own right but teeth were about to change, for
Dr. Gregg Lituchy, Dr. Marc Lowenberg and Dr. Brian Kantor
the whiter and brighter, and in the early years, it was mainly the celebrities that demanded these transformations. “People don’t like change, and dentists are no different,” says Lowenberg. “In those early years we were considered mavericks by our colleagues, because we were among the first dentists to perform this procedure and go against the tide.” Because of their early foray into these new cosmetic procedures, Lowenberg and Lituchy became the reigning experts in the field—and that reputation still holds true. “We were in the right place at the right time and we were brave enough to use this new technique because we believed in it, and it turns out, we were right,” says Lituchy. Today, the doctors are still the go-to for transforming smiles, so much so that people travel from all over the world to seek out their expertise. In 2002, they added another partner, Dr. Brian Kantor, who shares their belief in creating natural, “perfectly imperfect” smiles; and, thankfully, they all enjoy one other’s company. “To be in a professional relationship for 25 years is a milestone,” says Lowenberg, who this year is celebrating that number of years in practice with Lituchy. “We
share the same beliefs—we care about our patients and the quality of our work.” As part of the anniversary, they launched a sleek new website; lowenberglituchykantor.com. Says Kantor: “We are lucky and blessed to have both a professional and personal relationship. We are three very, very talented dentists who have good eyes, hands and moral values. We are more than business partners; we are brothers, we are family members. We love what we do and we love each other, so it’s great coming to work every day.” It’s to every patient’s advantage, too, that these doctors share the same philosophy. “Because we work together as a team, we are constantly in each other’s rooms, which gives us the advantage of having multiple sets of eyes and multiple sets of hands looking at patients and giving our opinions to each other. We’re a true team,” says Lituchy. “Which ends up giving patients a better final result.” “Looking back over the past 25 years,” says Lowenberg, “We have been honored to treat hundreds of actors, models and musicians but the real joy has always been in creating smiles that make everyone else feel like a celebrity.”✦
LOWENBERG, LITUCHY & KANTOR ◆ 230 Central Park South ◆ New York, NY 10019 ◆ 212.586.2890 ◆ lowenberglituchykantor.com 82 | AVENUE MAGAZINE • JANUARY 2014
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Serena Boardman Senior Global Real Estate Advisor, Associate Broker 212.606.7611 | email@example.com eaSt Side manhattan Brokerage 38 East 61st Street, New York, NY 10065 | 212.606.7660 | sothebyshomes.com/nyc Operated by Sotheby’s International Realty, Inc.
Properties of the Month A selection of deluxe residences
Sotheby’s International Realty PALM BEACH PARADISE Located at 157 Everglades Avenue, this enchanting six-bedroom, seven-and-a-half bath Mediterranean residence, with a total of about 5,551 square feet, is situated on a desirable ocean block. Direct access to the sandy beaches of the Atlantic makes this the perfect setting for relaxing days on the sand. Within one block is the picturesque Lake Trail. This in-town location makes for easy access to nearby shops and restaurants. $5,300,000. Contact Carole Koeppel at 561.329.0019
Sotheby’s International Realty EAST SIDE WONDER Built 100 years ago, 150 East 72nd Street is undergoing a transformation, with contemporary enhancements to the infrastructure and design aesthetic of the building. Private elevator landings, large living and dining rooms and well-proportioned bedrooms, custom Poliform closets and windowed eat-in kitchens. Residents enjoy 24-hour white-glove service, a fitness center, children’s playroom and multi-function room. Immediate occupancy available. Complete terms under Sponsor File No. CD#11-0120. Contact Allison Koffman at 212.606.7688, Juliette Janssens at 212.606.7670 or Jackie Rohrbach at 212.606.7646.
Bond New York PRIME PENTHOUSE Renowned interior architect Massoud Ghassem has created a truly spectacular floor-through two-bedroom, two-bath-plus-den penthouse located on a quiet and absolutely posh street in the heart of SoHo. Inside, every room is brilliantly illuminated with sunlight, which highlights the residence’s sleek and refined design. The penthouse gloriously features roughly $400,000 worth of stunning renovations, including top-of-the-line appliances, a stunning walnut wood-paneled foyer, private rooftop and balcony. Contact Pawel Ciecwierz at 646.630.0599
The Corcoran Group FURTHER LANE OCEANFRONT COMPOUND Located at 38 Two Mile Hollow, this extraordinary estate is a stone’s throw from East Hampton’s finest address, Further Lane. With almost three acres of oceanfront, this unique property has everything required for a world-class retreat—it is the best oceanfront package on the market. Tri-Exclusive. $45 million. WEB#26532. Contact Susan M. Breitenbach at 631.875.6000 or Matthew Breitenbach at 631.255.6221
84 | AVENUE MAGAZINE • JANUARY 2014
EXTRAORDINARY OCEANFRONT PROPERTY
Luxurious Bahamian inspired estate designed and custom-built in 2010 for international superstar, Celine Dion. Located on exclusive Jupiter Island, this 5.5 acre property with over 415 linear feet on the Atlantic Ocean is being sold turn-key. $72,000,000 | Web ID: 0076148
CRISTINA CONDON | 561.301.2211 firstname.lastname@example.org PALM BEACH BROKERAGE | 561.659.3555 340 Royal Poinciana Way, Suite 337 | Palm Beach, FL 33480 Operated by Sothebyâ€™s International Realty, Inc.
OCEANFRONT TROPHY HOME | $9,495,000 | Web ID: 0076023 Lore Smith | 561.386.9777
CHARMING ESTATE SECTION | $7,199,000 | Web ID: 0076206 Cristina Condon | 561.301.2211
NORTHEND CARIBBEAN | $5,895,000 | Web ID: 0076220 Jane Scott, 561.568.9800 | Kim Raich, 561.718.1216
OCEANFRONT BEAUTY | $5,300,000 | Web ID: 0076055 Cam Kirkwood | 561.714.6589
SLOAN’S CURVE PENTHOUSE | $2,695,000 | Web ID: 0076218 Todd Peter, 561.281.0031 | Frances Peter, 561.797.2427
TRUMP PLAZA | $825,000 | Web ID: 0076117 Baylie Rosenberg, 561.685.1100 | Bill Kirk, 561.267.2140
PALM BEACH BROKERAGE | 561.659.3555 340 Royal Poinciana Way, Suite 337 | Palm Beach, FL 33480 Operated by Sotheby’s International Realty, Inc.
PALM BEACH OCEANFRONT ESTATE WITH TENNIS
Award winning restoration. Outstanding finishes. Elevator. Wine cellar. Chic oval pool. 3 car garage. Totally Fabulous. $32,000,000 | Web ID: 0076186
WALLY TURNER | 561.301.2060 email@example.com PALM BEACH BROKERAGE | 561.659.3555 340 Royal Poinciana Way, Suite 337 | Palm Beach, FL 33480 Operated by Sothebyâ€™s International Realty, Inc.
Power Broker With a background in law, Louis Katsoris combines his legal acumen with a vast knowledge of the real estate industry to bring clients the best of what Westchester County has to offer
s a graduate of Fordham Law School, a former partner at a top Park Avenue law firm, prior legal counsel in venture capital and the son of a distinguished 50-year tenured law professor, Louis Katsoris can safely say that the law is in his blood. But following an incredible legal career, Katsoris switched gears five years ago toward his real passion, real estate, and is today one of the most successful brokers in Westchester County. With a respected position at a top real estate company in the area and recent sales totaling over $56 million Katsoris has led more than a few to wonder how a lawyer could have achieved such quick success as a real estate broker in one of the most challenging markets in history. “After my college graduation, my father advised me to go to law school first and then do what I really wanted to do, which was not necessarily being a lawyer,” Katsoris recalls, noting that he still treasures his father’s words and the foundation his own legal background provides him. While a practicing attorney, he says, he knew he loved real estate, but he was
determined to conquer the partnership track. So, he spent years logging up to 80 hours per week at the firm. Somehow, however, he also found the time to groom himself for his next career. Any free time was spent studying the local real estate markets, buying trends and property values. He then tested that knowledge by buying and selling multiple properties of his own throughout Westchester, flipping all for incredible profits. After reaching the top of the legal field, Louis knew that it was time to finally consider the second part of his father’s advice: do what you really want to do. “Having realized some sizable investments, learned the markets intricately and started to transition away from a big-time law firm to corporate law, I knew the time was right,” Katsoris says. The year was 2008, and the time seemed right, for the market was robust. However, only nine months later came the downturn. “Buyers were few, sellers were nervous and homes were so encumbered it became impossible for most brokers to put any deal together,” Katsoris remembers. Yet, drawing upon his die-hard work ethic, negotiating skills, professionalism and nerves of steel,
His current property offerings include this incredible Westchester estate located at 32 Lincoln Lane in Purchase, New York— a sophisticated buyer’s dream of sleek, luxuriously appointed living space, 5+ private acres in prime estate area and amenities resembling a high end resort.
the longtime lawyer “flipped” the landscape, positioning himself in a way few other brokers ever had—and seeing success and a heavy client demand follow. “Louis quickly distinguished himself in the most challenging market in recent memory,” says Pati Holmes, brokerage manager for Julia B. Fee Sotheby’s International Realty’s Rye office. “He rose to the top of his ranks, and today he is sought by high-end buyers, sellers and investors alike, locally, nationally and internationally.” Today, Katsoris represents some of the most notable clients and prestigious homes in Westchester County. From direct Rye waterfronts with views of the New York City skyline, to premier residences on the Westchester Country Club grounds, to sophisticated estates on Lincoln Lane in Purchase, Katsoris just keeps going, without bumping up against any boundary. “I never celebrate a sale or take a break. I just keep moving,” Katsoris says. “For me, momentum and reputation are everything, and if you have both, that can be a winning combination in any field.” ✦
LOUIS KATSORIS, ESQ. Director of Compliance & Business Development; Associate Broker Julia B. Fee Sotheby’s International Realty O: 914.921.9250 C: 914.319.3275 Louis.Katsoris@juliabfee.com LouisKatsoris.com 88 | AVENUE MAGAZINE • JANUARY 2014
RICK DISTEL | YOUR COUNTRY CONCIERGE
WASHINGTON, CT. Rising above Lake Waramaug with commanding views of the lake and country club, this just completed shingle style home raises the bar for quality craftmanship and design. Twenty plus acres, pool. $4,795,000.
WASHINGTON, CT. Glamorous renovation of c. 1900 Barn. Beyond compare. Three bedroom suites, two-story great room, two fireplaces, kitchen with Carrara marble. Pool, pool house, specimen trees, five bucolic acres. $2,495,000.
SHERmAN, CT. Magnificent waterfront home with private access to Mill Pond. Community beach, tennis and boat slips on Candlewood Lake. Two-story great room. Lovely water views. $1,975,000.
WOODBURY, CT. Coveted Owl Ridge Contemporary. Custom built five bedroom home with generous public room, pool and spa, sweeping distant views. $1,950,000.
WASHINGTON, CT. Chic Bungalow offering a chef ’s kitchen, master bedroom suite with separate sitting area and oversized deck. New Gunite pool, two plus acres. $825,000.
NEW PRESTON, CT. Lake Waramaug three bedroom Cottage with Gunite pool on just over one acre. Renovated kitchen and baths. Shared 125’ of waterfront and dock. $549,000.
RICK DISTEL | c 646.417.2720 | o 860.868.6933
firstname.lastname@example.org | facebook.com/rick.distel WASHINGTON DEPOT BROKERAGE | williampitt.com Each Office Is Independently Owned and Operated.
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financial roundtable Peter E. (Tony) Guernsey Jr.
Financial Forecast Our financial experts look at how current issues, policy and leadership are affecting the investment climate moderated by Haley
AVENUE: How is the quantitative easing [QE] stimulus impacting the market? How will it influence the future market, and should we be worried about tapering?
photographed by Jessica
stronger capital requirements. So the banking system is not fully able to fuel the economy as it has in prior cycles. AVENUE: So you think it’s just repaired the balance sheets?
JASON PRIDE: [QE] has done a couple of things to the value of financial assets across the board: It’s held values higher than they really should’ve been in this environment, and it’s also helped the economy. Even though we can’t see a strong economy as the underlying result, it’s probably resulted in the economy being stronger than it would have otherwise been. Do market values on equities or fixed incomes suddenly push in a very, very different direction from what we’ve seen recently? Or do economies and earnings themselves actually fall as a result? We’re in the camp that the Federal Reserve is smarter than that; they know the impact they’ve had and they know that if they take it away too fast, it’ll likely be a bad thing. And the other thing that people worry about from this is the inflationary impact. I get the question probably every client meeting that I have, “When’s inflation going to come? How is all this asset and money-printing not flowing into inflation?” The money is stuck in the banks. It’s not making it out to the actual purchasing of assets. DORIS MEISTER: And there’s a reason for that. With quantitative easing, the Fed has ballooned its balance sheet, with purchases of Treasuries, and other securities. Not commercial loans. At the same time, the regulators have ramped-up regulations and imposed 92 | AVENUE MAGAZINE • JANUARY 2014
DORIS: To some extent. But the Fed’s actions are not increasing the velocity of money to the extent that they did in past recoveries. We do think the Fed’s going to continue with QE because the Fed has two mandates: One is to keep inflation down and the other is to encourage full employment. At this point, there are still no signs of inflation and we haven’t moved the needle enough on employment. JONATHAN HOCHBERG: Another thing it has done is disincentivize investors—and it should—from taking duration risks and interest-rate risks within their portfolios. With the stimulus still coming and not looking like it’s going to go away: It actually becomes harder to default, so default rates come down; and your protection against credit risk is much stronger than it normally would be. JENNIFER LEE: We don’t think the Fed is going to stop easing anytime soon; as far as tapering, the market’s telling us that it’s looking now towards March. But I think the Fed is pretty smart and they’re watching things closely; they are watching unemployment and inflation numbers. TONY GUERNSEY: We also don’t see any end to it; we see it going into 2015. The problem is that it’s making the economy impotent. No one will make an investment. Forget stocks; business
owners are saying, “Hmmm . . . I know interest rates are going up; I don’t know what’s happening with health care, so now is not the time to expand.” AVENUE: What do you think about Janet Yellen as the next chair of the Fed? JENNIFER: I think Yellen has a pretty interesting challenge: She has to unwind one of the great financial experiments. We certainly think she’s up to the task and there will be a continuation of policies; I think the biggest challenge she’ll have is making sure that they’re communicating what they’re doing so they don’t create unintended impact. JONATHAN: I agree. It seems like they want to bestow her with credibility by letting her be the one to execute the taper in the first quarter. She’s from the same camp as Bernanke—certainly dove-ish—but a different view than Summers. DORIS: We fully expect her to continue in the same vein. As I said before, the mandates of the Fed are low inflation and full employment. As long as the Fed has a primarily domestic mandate and it’s looking at those two goals, we think it limits what they’re able to do right now.
JASON: I have two things to note: She’s probably going to be one of the first Fed chairpeople that is empathetic to the overall population; if you look at how she communicates, she speaks about individuals. This is a very different viewpoint for a Fed chairperson. The second thing is she’s very dovish. AVENUE: Moving on to current events that could be affecting your investors: How do you feel Obamacare will affect our readers, given the 3.8 percent tax it will impose on everything, including estate . . . TONY: Facetious! It’s an increase in taxes; that’s what it is. I think the real problem with the program is that many people are satisfied with their health care and they’re being eliminated because of ridiculous metrics like having maternity benefits when you’re 65 years old and things like that. JONATHAN: The other important side effect of Obamacare is its impact on small businesses. Small businesses will probably be affected the most—aside from the people that are carrying the higher taxes. They’re the ones taking the big hit on their infrastructure and absorbing costs. Employment isn’t moving in the right direction, and that’s part of it—small businesses account for two-thirds of the job creation in this nation.
Participants PETER E. (TONY) GUERNSEY JR., Chief Client Officer, Wilmington Trust FSB
DORIS MEISTER, President, U.S. Markets— Tri-State, BNY Mellon Wealth Management
JASON PRIDE, Director of
President, Hillview Capital, LLC
Investment Strategy, Glenmede
JENNIFER LEE, Senior Vice President and Regional Managing Director, Wells Fargo Private Bank
JANUARY 2014 • AVENUE MAGAZINE | 93
DORIS: It’s also affecting large companies because most large corporations have what are deemed to be premium or “Cadillac” plans under Obamacare. They’ve been forced to re-shape the health-care offerings they give their employees to control their costs.
we have to help same-sex couples figure out how their residence decisions affect their financial planning and estate issues—how does their domicile really affect their legal options? And how does it affect their estate planning?
JENNIFER: I think there would be a greater comfort level with the cost if you had outcomes that matched the expense. We have [relatively high] infant mortality rates and other statistics that just don’t seem to match up with the fact that we spend more on health care than any other country.
JONATHAN: One of the techniques that we’ve been recommending to our clients [who have legally complicated relationships] is revocable trusts and re-titling all their assets in revocable trusts, which have the benefit of increased flexibility over a traditional will, which could be meaningful in a large estate. It provides for an easier transition of the assets, also, because they’re there already; you don’t have to retitle them from beneficiaries to other parties. It’s a little time-consuming in terms of getting everything retitled and corralling it, but ultimately it has a lot of efficiency.
AVENUE: Right. What are some other modern issues you see when estate planning and managing wealth: issues that you’re hearing today but didn’t necessarily hear ten years ago? For example, the overturn of the Defense of Marriage Act and protecting digital assets? TONY: [The DOMA decision] is wonderful for the gay community; I mean, they should have had it years ago. The digital asset is a very interesting situation, and it is a fact that if your spouse or partner dies, who has the right to your digital life? Who’s got the passwords? It’s a fascinating problem because you don’t think it’s a problem until it happens, and if you’re married, we all have different accounts, so that’s a real problem. The other one I think is really complicated is in vitro fertilization. Let’s say a husband dies and a woman gets remarried but can’t have a child with the new husband, so she uses sperm from her first husband: It is an absolute nightmare for the estate attorneys to figure out who has a right to the money. DORIS: So what do they do in California? They always figure these issues out first! But, seriously, the laws haven’t kept up. It’s the state laws that tend to drive family law, so you have to be in the right state to get help.. Let’s go back to the DOMA decision for a minute because that one’s interesting. What the Supreme Court decision really did is protect the 13 states and DC that have legalized same-sex marriage. That is very helpful for people who are residents of those states, but it also means 94 | AVENUE MAGAZINE • JANUARY 2014
AVENUE: What advice do you have for clients who want to invest in philanthropy? JENNIFER: The next generation taking over their family foundations have a very different view on what it means to have impact and social impact, right? We have to think about how the values of the Millennials of Generation X and Generation Y, in many cases, look very different from those who created the wealth. It affects their attitudes about investing. DORIS: There was a recent survey of family foundations that had $50 million or more in assets. Less than half of the group believes in impact-investing so it wasn’t the majority. The majority of large foundations still base their donation decisions on the relationship they have to the not-for-profit they support. Impact investing—where the donor looks at the “return” on their donations—has come a long way but still has a way to go. JONATHAN: We’ve been starting to look more at impact investing—what that means and how that fits into a client’s portfolio. My message here is to define what you want to accomplish, whether it’s targeted philanthropy or creating a donoradvised fund or socially-responsible investing. We’re not necessar-
200 11TH AVENUE PENTHOUSE IN THE SKY - PH 1 |
Brought to you by Young Woo & Associates in collaboration with world-renowned Dutch architecture ﬁrm MVRDV. Completely redesigned, this 3,598 square foot 3 bedroom, 3 and a half bathroom duplex retains 80 feet of frontage over the Hudson River, with protected panoramic views from the 12th and 13th ﬂoors. Boasting 22 foot ceiling heights and sheathed in windows—with 668 sq ft of exterior space spread over two loggias and access to the en suite “Sky Garage”. web # 66571 RYAN SERHANT 646 443 3739
465 PARK AVENUE
425 WEST 53RD STREET
1 BEDROOM AT THE DILLON - APT 503 |
LARGE PARK AEVNUE HOME WITH TERRACE - Apt 402/3/4/5
Almost 900 Sq Ft, this bright and spacious lofty corner 1 Bedroom/1 Bathroom unit, very low monthlies and 421 A tax abatement in place until 2021. The master bathroom includes Thassos marble ﬂooring with radiant heating, Corian countertops and Hansgrohe rain shower. Open kitchen features custom cabinetry with under-cabinet lighting. web # 69093
The Ritz Tower, 4 apartments designed to attract a new generation of wealth. Features a landscaped terrace overlooking Park Avenue, with approximately 2,947 sq. ft. of total space. Renovations will start soon, with a design that will bring this beautiful Park Avenue landmark to an elegant home of the 21st Century. web # 65873
OLIVIER POMEDIO 917 216 9745
WENDY JACKSON 917 679 1211
MIDTOWN EAST HOME WITH VIEWS - Apt 45 CDE
BENJAMIN LIEBLEIN 917-679-5652
117 EAST 57TH STREET
Step into this gracious 2700 square foot corner apartment, on the 45th ﬂoor with open City and Park views. Grand Living/dining Room and a comfortable paneled library ( or 3rd bedroom) all with spectacular Open City and Park views. Located in the corner of Park Ave and 57th Street, walk to Central Park and more. web # 67663 WENDY JACKSON 917 679 1211
BENJAMIN LIEBLEIN 917-679-5652
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ily convinced that there’s no sacrifice in returns from just making social-impact investments. JASON: I agree that there is a trade-off between the social-impact side and the actual investment outcomes—we’ve done a lot of work internally on private investments in this space. A social lending network came to us looking for investments and we actually ended up passing because it was high risk and getting offered 3 percent returns. It was very high impact, but the investment risk was substantial. So I think this is something people might want to be very careful about and we’ve been actually putting together a process and network—trying to figure out how to offset and make sure that we communicate properly the investment risks outside of the social impact and balancing it appropriately. TONY: I think [fund manager] Richard Rainwater is the greatest example in this category—he is dying of a terrible brain disease but he’s got 200 doctors working on it. Their research will not cure him, but this is a tremendous amount of equity going into medical research, nanotechnology and therapy in order to save the world from all these diseases. My point is that really wealthy people are now investing in whatever the problem is in their family, directly through private equity to try to cure the problem. AVENUE: Lastly, what are your recommended asset allocation[s] for a moderate risk client going into 2014? DORIS: For a moderate risk client, “70” is the new “60.” We are recommending a higher allocation to global equities and alternatives because we’re in an atypical cycle. We are clearly no longer in a bull market for fixed income and are now looking at a volatile but most likely bearish period for bonds. Fixed income should be in short-tointermediate duration securities. But each client should receive an allocation recommendation tailored specifically to them. JONATHAN: I feel the same way but think we sort of get there in a different direction. For a moderate-risk portfolio, we’re about 40 to 45 percent in equities—half of which are in non-U.S. markets, with an overweight in emerging markets and an allocation to frontier markets, 96 | AVENUE MAGAZINE • JANUARY 2014
which we think have a lot of potential. We have a cash allocation, for the first time in probably five years—about 5 to 10 percent of the portfolio; and we have a fairly large credit allocation—20 to 25 percent of the portfolio; and 15 percent [of the overall portfolio] is energy infrastructure [MLPs], global infrastructure, real estate and commodities. JENNIFER: We start from a view that most clients that come to us have accumulated a fair amount of wealth in their life and are just as interested in not losing money as they are making more money, so there’s a risk-mitigation component to our asset allocation approach. We look at a four-asset class model for all clients: equities, fixed income, real assets—so, commodities, real estate—and alternative investments. Unlike a lot of investors, we look at alternatives as risk mitigants, as well as alpha generation strategies. JASON: We view it as a situation that, in every different bucket, people are willing to take different risks, and it’s really just a matter of how you take that risk and, combined with that, do you take a little bit more risk or a little less? We think we’re in an environment where you take a little bit more. How you’re getting there and where you’re spending that risk budget is the really important point. One thing that we don’t like today are aggressive growth stocks. We want to stay in the middle of the spectrum; we want to be with dividend growth companies, domestically and internationally. As far as the international/domestic breakdown, we want to be overweight in international equities because the valuations are there; the U.S. market is actually marginally overvalued today. TONY: We still have 60 percent stocks, 30 percent fixed income and 10 percent in alternates. I think that if you want a really macro view of what people want in the market today—it is a company that does something faster and cheaper. If you look at what’s going on today, you see it all over the place—Amazon, Twitter, they want it faster and they want it cheaper. But I worry about an IT black swan—something that could potentially shut entire systems down, so there is a lot of risk with these companies. It’s a dichotomy, isn’t it? Technology, faster and cheaper, yet technology systems may take us down; I worry about that. ✦
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Start the New Year off right with Brownings Fitness Here are some tips from owner Mary Ann Browning on how to get focused for the New Year 1. Join us for our New Year’s Challenge—two weeks, no sugar, no carbs, no alcohol. Do it right and you can lose up to eight pounds in two weeks! Our staff and clients do it together to support and motivate each other! 2. If you’re limited on time, focus on cardio. Come in for a 30-minute cardio session. Running is ideal to maximize calorie burning, but biking or other cardio forms work too. Keeping in mind that building muscle will help you continue to burn calories throughout the day, if you have the time, follow your cardio with a 30-minute session on our Powerplate or a 30-minute weight or Pilates session. 3. Avoid boot camps or circuit training. I truly believe you’re going to get the best results by keeping your cardio focused on what it is. Go outside for a run and then come back and do your weight training. I’ve found my clients lose more weight and change their bodies that way, as opposed to boot camp and circuit classes, where the cardio is interspersed throughout in small bits and a huge focus of the training is on your legs. Straight cardio and weights will slim your thighs and tone your butt, not give you big bulky legs! 4. Come in to Brownings Fitness and try our Introductory Package for just $150: three sessions with three different trainers so you can learn about the Browning Method and see how we can help you lose weight and change your body shape! Call now to book your first session! ✦
BROWNINGS FITNESS ◆ 980 Madison Avenue ◆ 5th Floor ◆ New York, NY ◆ 1.866.500.1909 ◆ www.browningsfitness.com Also in Southampton
98 | AVENUE MAGAZINE • JANUARY 2014
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PALM BEACH, FLORIDA IN TOWN, OCEAN BLOCK Absolutely gorgeous over 5,300 sq. ft. 5 bedroom, 4.5 bath Mediterranean with first floor master suite...truly a rare find. Large private backyard pool/spa, garage, & impact French doors thoughout. The best beach house on the market today! $5,998,000 IN-TOWN, OCEANFRONT Stunning 4 bedroom 4.5 bath Tres Chic double unit with ocean views. Glorious 44 ft. living room, 10 ft. ceilings, marble & bleached hardwood floors. Full service building. Best location in-town...walk to The Breakers and Worth Avenue!
COMPLIMENTARY GLASS OF CHAMPAGNE WITH A MAIN COURSE WHEN YOU MENTION AVENUE.
TRUMP PLAZA TOWNHOUSE Elegant 2-story 3 bedroom 3.5 bath townhouse perfect for entertaining. Magnificent terrace with bougainvillea, fountain, and lovely intracoastal views. Over 4,100 sq. ft. of classic style with gracious floor plan.
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postcards from . . .
Lorna Graev teaches us the insider secrets of Istanbul
Palm Beacher Lorna Graev’s wanderlust started at a young age. Born to an American father and French mother, she spent her teenage summers visiting family in, and traveling around, Europe. When the trilingual Graev is not exploring, she is busy with her work on the board of directors of Fountain House, a mental health organization she started working with 12 years ago; she is currently its vice chair of external affairs. Heredity played a role in Graev’s philanthropy: Her mother had bipolar disorder, and she does as well. In 2010, she was instrumental in the creation of a Fountain House-model program in Paris.
Inherited aff inity Istanbul, Turkey, is my favorite place in the world. It’s exotic, and it’s where East meets West. I feel a special connection to Turkey because my great-grandfather on my paternal side, John Leishman, was the first U.S. ambassador to Turkey.
I stay at Ciragan Palace Kempinski—the hotel is situated along the Bosphorus, and the outdoor space is exquisite. When you’re in the swimming pool, you’re level to the waters of the Bosphorus, and the beautifully landscaped gardens go right to the shore.
Mosque; Topkapı Palace, which dates back from the 15th century and overlooks the Bosphorus; it’s the largest and oldest palace to survive to present day. It is an important example of Ottoman architecture. I recommend Hagia Sophia. Originally built as a cathedral in Constantinople in the sixth century, later converted into a mosque and now a museum, the Hagia Sophia is the epitome of Byzantine architecture. Also see the Museum of Innocence. Inspired by his 2008 novel of the same name, preeminent Turkish author Orhan Pamuk opened this museum, which houses a collection of items and culture from the period in which the novel is set.
Fabulous f inds
For shopping, you have to visit the Grand Bazaar. It’s one of the oldest and largest covered markets in the world. It has a little of everything, but it’s an especially great place to buy leather goods and antique jewelry. I’ve found a beautiful painted icon from the 17th century, probably Russian; an antique diamond bracelet from 1920s France; a leather jacket—all purchased at the Grand Bazaar
Wait. There’s more The art of packing Always exploring I never get tired of sightseeing in Istanbul. The history and culture are so rich. Some of my favorite excursions include: the Blue 102 | AVENUE MAGAZINE • JANUARY 2014
For dining, I recommend Mikla—a TurkishScandanavian fusion restaurant with incredible views; Ulus 29—delicious Turkish and international food with an Istanbul vibe, also with amazing views from the hills of the Bosphorus. Finally, I suggest Rumeli Kavagi— it’s a simple fish restaurant at the mouth of the Bosphorus and the Black Sea.
My suitcases all accommodate hanging clothes, and I have a set of custom-made fabric cases in which I pack everything that doesn’t hang. I can unpack everything in less than five minutes, and all my clothes are crisp and ready to wear. ✦
COMING IN FEBRUARY
Candy Queen Candy mogul Dylan Lauren, daughter of Ralph Lauren, is not only a modern-day Willy Wonka but a marketing genius who has forever changed the way little Manhattanites enjoy sugary treats. Google the word “candy” and Dylan’s Candy Bar is the third name to appear. With four locations under her belt—she’s expanded her sweet empire from New York to Miami, Los Angeles and East Hampton—Dylan Lauren is an entrepreneurial extraordinaire who shows no sign of slowing down.
Who’s the next Mrs. Astor? New York City plays host to a rarefied number of extremely high-impact philanthropists. These fine people are some of the city’s most prominent treasures—they devote their time to worthy causesand raise the profile of the city’s grandest cultural, medical and literary institutions and landmarks.
Schrager’s Moment With The Residences at The Miami Beach EDITION on the horizon, we sit down with legendary hotelier and real estate developer Ian Schrager.
The Best of Miami An insider’s guide to the hottest restaurants, hotels, stores and salons in the chicest city in South Florida.
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AVENUEmagazine.com brings you the all the society news you need from Madison to Meatpacking. Find out who was where, get recaps of the week’s hottest parties, stay up on gallery openings, gala schedules and when and where our favorite brands are opening their gilded doors around the city. We make it out mission to keep tabs on the AVENUE, so sip up all the style and society gossip we are serving up with your morning latte.
JANUARY 2014 • AVENUE MAGAZINE | 103
R. COURI HAY
New York, London, Paris & Vienna Debutantes, designers, chefs, actors, royals and rockers
Larry Creel, Diana Colgate and Jamie Creel @ Creel and Gow
Carla Bruni in Paris
Karl Lagerfeld and Jessica Chastain @ Lincoln Center
Christian Lacroix and Sarah Jessica Parker @ the designer’s Dinner
Dane DeHaan and Anna Wood @ Kill Your Darlings
Astrid Stanfield-Pinel, Elizabeth Stribling, Ann Van Ness & Susan Baker @ French Heritage Society 104 | AVENUE MAGAZINE • JANUARY 2014
THE KAISER CONQUERS LINCOLN CENTER Karl Lagerfeld proved as witty as his clothes, recently, at a benefit for the Lincoln Center Corporate Fund, telling Ralph and Ricky Lauren and Renaldo and Carolina Herrera,, “Everyone said Chanel was dead and not to touch it; but I did, and I think it’s gone pretty well.” Then, he continued, “The French hated the new Chanel; only America liked it. I’m not obsessed with my name or on an ego trip; it’s the job I like.” He concluded his conversation with Jessica Chastain by saying, “I’m the most boring person in the world: no drinking, smoking or drugs, and I don’t miss it. I wake up and feel great. I’d hate to be friendly with someone like me because I’m so boring; I always think I’m lazy and I can do better.” Among those applauding were Jeff Koons, Carine Roitfeld, Ingrid Sischy, Colin Cowie, Rebecca Minkoff and the gala’s co-chairs, Katherine Farley, Glenda Bailey,, Austin Hearst and Dolly Lenz. lccorporatefund.org
Amanda Hearst & Frances Hayward @ The Humane Society Saving Animal Lives Gala
AMERICANS IN PARIS Robert Kennedy Jr. escorted his daughter Kyra Kennedy to France, where she made her debut in a breathtaking white confection by Christian Dior, at the Bal des Débutantes, orchestrated by Ophélie Renard. Kyra said her gown was her first haute couture dress and that it was exciting to be in France and meet the 19 other debs from around the world, who included Lady Amelia Windsor, a cousin of the Queen of England. Kyra’s great-grandfather Joseph P. Kennedy was our ambassador to Great Britain in 1934. Kyra followed in the fashionable footsteps of Lydia Hearst and her cousin Amanda Hearst, and Ashley Bush and her sister Lauren Bush Lauren, who all took their bows in the City of Lights when they were 18-years-old. Elizabeth Stribling, the chairman of the French Heritage Society, gathered friends to galas on both sides of the Pond, to support the restoration of French architectural treasures. Count Denis de Kergorlay and gala chairs CeCe Black, Ann Van Ness, Kazie Harvey, Deborah Royce and Jean Shafiroff, in a gown by Victor de Souza, welcomed to the Metropolitan Club Prince Dimitri of Yugoslavia; the ambassador of France to the United States, François Delattre; Antonin and Berenice Baudry; Barbara de Portago; Bertrand Lortholary; Hunt Slonem and Halstead’s Jessica Morgan and James Kaplove. Cole Rumbough performed with the Bob Hardwick orchestra and Sintessi designer Michel Piranesi donated a pair of diamond and aquamarine earrings to the auction. The organization has contributed to more than 500 restoration grants for historic monuments, buildings and gardens since 1981. frenchheritagesociety.org In Paris, the FHS held a black-tie dinner at Le Bristol prepared by the hotel’s nes plus ultra chef Eric Frechon, whose restaurant Epicure has been awarded three Michelin stars and is one of the culinary wonders of Europe. It is a personal favorite of Carla Bruni and her husband Nicolas Sarkozy, the former president of France. lebristolparis.com Debonair Jamie Creel gave a holiday fête in his Paris apartment after hosting a reception for the South African ceramicist Fee Halsted and the jeweler Cora Sheibani in his treasure-filled store Creel and Gow, on East 70th Street. Guests in NYC included Valesca Guerrand-Hermes, Nina Griscom, Carlos Mota, Bettina Zilkha, Dennis Basso, Marisa Brown, Bob Colacello, Whitney Fairchild, Mark Gilbertson and Tiffany Dubin. creelandgow.com
©PATRICK MCMULLAN; ROB RICH
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Mick Jagger and & L’Wren Scott @ Café Royal
Jean Shafiroff, Cece Black, and Deborah Royce @ French Heritage Society
LONDON’S CAFÉ ROYAL L’Wren Scott gave a party to celebrate her glamorous new collection, at the Grill Room of the Café Royal hotel in London. It was in this same gilded room that Oscar Wilde met his lover, Lord Alfred “Bosie” Douglas, in 1891, and where David Bowie announced the “death” of his alter ego Ziggy Stardust 40 years ago. Mick Jagger, Daphne Guinness and Ronnie Wood sat at the legendary corner table that both Princess Diana and Sir Winston Churchill favored. After drinks, a dinner by the hotel’s critically acclaimed chef Andrew Turner was served in the Pompadour Suite, for Tallulah Harlech, Harlech Bryan Adams, Zaha Hadid, Elisabeth Murdoch, Stephen Jones, Mariella Frostrup and Bobbi Brown. lwrenscott.com Following a sophisticated renovation by David Chipperfield that elegantly blends together three landmarked buildings on Regent Street, Café Royal has just celebrated its first year as one of the world’s most exclusive addresses. The diverse clientele ranges from Harry Styles to André Leon Talley and Mark Ronson. hotelcaferoyal.com
Randy Kemper and Tony Ingrao @ Holiday House Gala to benefit Breast Cancer Research Foundation Jon Heinemann, Michelle-Marie Heinemann and Alex Donner @ The Metropolitan Club
106 | AVENUE MAGAZINE • JANUARY 2014
Michele Gerber Klein, Jonah Bokaer and Anne Bass @ Casita Maria
THE HAMPTONS’ FABULOUS FILM FESTIVAL Ann and Keith Barish gave a party at their home to celebrate the opening of the charming time-travel comedy About Time starring Rachel McAdams and Domhnall Gleeson, at the Hamptons International Film Festival in Southampton. Among those sipping Piper-Heidsieck champagne and chatting with the film’s director, Richard Curtis, who also helmed Hugh Grant’s Four Funeral, were Mayor Mark Epley, Stuart Suna, Corcoran’s Weddings and a Funeral Esther Paster and the Village Latch Inn’s Marta and Martin White, who were among the Festival’s sponsors. Also screened was the intriguing Kill Your Darlings, about Allen Ginsberg and the Beat Generation, which starred Dane DeHaan and Daniel Radcliffee, who said of their explicit romantic scenes, “It wasn’t any more challenging than doing a sexual awakening scene with a girl.” Helena Bonham Carter portrayed Elizabeth Taylor in the true-to-life Burton and Taylor. The irrepressible actress said, “Elizabeth loved her food; there are so many women nowadays who just don’t eat. They pick at a bit of lettuce and say, ‘I feel guilty.’ ” Closing the festival was 12 Years a Slave, starring Chiwetel Ejiofor and the wickedly talented Michael Fassbender, who has gone from playing a sex addict in Shame to a sadistic plantation owner. Both actors are garnering Oscar buzz, but Fassbender says he won’t campaign for the gold statuette. “I’m not a politician; I’m an actor.” hamptonsfilmfest.org ✦ For the rest of R. Couri Hay’s European travels visit avenuemagazine.com
©PATRICK MCMULLAN; ROB RICH
WALTZING IN VIENNA Karl Habsburg and Francesca Thyssen, who would be the emperor and empress of Austria had the monarchy not been abolished there in 1918, hosted a banquet for the Knights of the Golden Fleece at the Winter Palace in Vienna, which was built in the 13th Century and is now a museum. Guests stayed at the city’s grandest hotel, The Imperial, which is celebrating its 140th birthday and has played host to everyone from Lady Gaga to Henry Kissinger. imperialvienna.com
Alessandra Emanuel, Michel Piranesi and Barbara Regna @ French Heritage Society
Chef Eric Frechon and Naoëlle d’Hainaut @ Epicure Restaurant at Hôtel Le Bristol
Christian Lacroix unveiled his magic at the Hôtel du Petit Moulin in Paris’s trendy Le Marais district. Although he is usually seen draping his signature mixes of luxurious fabrics on the ladies who grace the best-dressed lists, the designer added to his accomplishment by deftly decorating this edgy 17-room boutique hotel. He compares it to “a child’s dollhouse, where every space is unique. Each room had to tell the beginning of a story, a story to be completed by the travellers themselves.” He explained the whimsical décor by saying, “We go from rustic to Zen, from masculine to feminine, from flowers to stripes, from ancient gold to fluorescent green, warmed with Venetian mirrors; ceramic kaleidoscopes and panoramic wallpapers; Baroque, Rococo and ‘couture’ rooms.” One by one, Lacroix has been redecorating and revealing the nouveau chambres every year. This is a romantic and theatrical experience for fashionistas. Stella McCartney’s atelier has already booked for Fashion Week, while Michael Stipe and Juliette Lewis are habitués. hotelpetitmoulinparis.com
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Palm Beach. 1st owner! State-of-the-art 2001 construction. Spacious, well designed 5 BR/6.5 bath w/ limestone floors, high ceilings, elevator, 40’ pool, a great entertainer plus on prestigious street. $8.75M
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TERRY ALLEN KRAMER
the world according to . . .
AVENUE back-page column asks New York AVENUE’s notables our version of the questionnaire made famous by Marcel Proust
erry Allen Kramer’s name travels far and wide. Whether you’re in New York, Palm Beach or Southampton (all places she resides), or Sardinia, the South of France and beyond, you’ll find someone who knows Terry. Publicly, she’s a big-time Broadway producer—with producer theater credits aplenty, from Sugar Babies and Nick & Nora to the recent hits Kinky Boots and Romeo and Juliet. Juliet And she’s the daughter of the late investment banker and Allen & Company founder Charles Allen. To those who know her well, Terry is also a legendary hostess, dinner-partner extraordinaire and firecracker infamous for her brightly-colored leather pants. Here, she reveals her favorite parts of Palm Beach while zooming around—to and from her oceanfront home—in a around tiny convertible.
WHAT BROUGHT YOU TO PALM BEACH? I lived in the Bahamas all my life. So, I really don’t know why I ended up here [laughs]. WHAT’S YOUR EARLIEST PALM BEACH MEMORY? When I was 16 years of age and stayed at The Breakers hotel, and the swim team of the University of Pennsylvania was practicing.
WHAT’S YOUR FAVORITE WAY TO GET AROUND PALM BEACH? In my little Mercedes convertible. WHAT IS YOUR FAVORITE WATERING HOLE FOR A NIGHT OUT? We really don’t do much of that. [But when we do,] Buccan because it’s young and full of life. WHAT ARE YOUR GO-TO PALM BEACH STORES? Pucci, Christofle and Ralph Lauren—most of the stores on Worth Avenue.
AT WHAT ADDRESS WOULD YOU LIKE TO LIVE? Just where I’m living. WHAT’S YOUR FAVORITE TIME OF DAY IN PALM BEACH? Early morning. It’s quiet, the ocean is beautiful, the sun is coming up; it makes you enjoy the fact that a new day is starting. WHAT NEWSPAPER COLUMN DO YOU READ FIRST IN THE MORNING? Page Six of the New York Post. WHO IS YOUR FAVORITE PALM BEACHER? [The late] Frank Shields (Brooke Shields’ father). DESCRIBE YOUR PALM BEACH STYLE. Barefoot and bikinis.
108 | AVENUE MAGAZINE • JANUARY 2014
WHAT ARE YOUR SECRETS BEHIND THROWING A PARTY IN PALM BEACH? The important thing is to always have young, beautiful girls; interesting people; and people of all kinds, so they can discuss all different subjects. And, of course, good food is number one, too. IF YOU WERE INVISIBLE FOR A DAY IN PALM BEACH, WHAT WOULD YOU DO? I’d take my towel and my iPod and go sit on a nice, secluded beach. WHAT DO YOU COLLECT? I collect everything from old English silver and Impressionist paintings to old French paperweights. You name it, I probably collect it.
WHAT KEEPS YOU AWAKE AT NIGHT? Worrying where my grandchildren are. WHAT’S THE BEST PIECE OF ADVICE YOU EVER RECEIVED? Always listen to what the other people are saying; that way you’ll learn. WHOM DO YOU MOST ADMIRE? My father. IF YOUR HOUSE WERE ON FIRE, WHICH THREE THINGS WOULD YOU RESCUE? My husband (Nick Simunek), my dog and my paintings. WHAT IS THE ALL-TIME FAVORITE SHOW YOU WORKED ON? Sugar Babies with Mickey Rooney and Anne Miller. Every moment in that show was memorable to me, from the time Mickey Rooney said to me I should fire Anne Miller and he’d play her part, too. WHAT DO YOU WANT TO BE WHEN YOU GROW UP? I’d like to be young again so I could do it all over again. ✦ —As told to Charlotte Ross
RESERVE YOUR VIEWS Water Mill South. Caressed by bay and ocean breezes a 7,800 SF+/- residence by M & M Custom Luxury Homes is well into construction on 1.5 acres with views overlooking Mecox Bay to the South and a contiguous 35 acre reserve to the North. A grand two-story paneled foyer ushers all over 8 inch rift and quarter sawn white oak floors into the great room and living room, both warmed by fireplaces and highlighted by custom moldings and intricate details. Command your empire from an office, sequestered from the rest of the residence with its own entrance, that offers views of the bay from a well positioned desk. A generous eat-in gourmet kitchen augmented by large pantry will form the centerpiece of this spectacular new home while the formal dining room with fireplace is large enough for both sides of the clan. A guest bedroom suite, powder room, mud room with an additional powder room and a 3-car heated and tiled garage complete the first floor. Upstairs the master wing with sitting room, fireplace, walk-in closets, expansive bath, balcony and covered waterview terrace is joined by four guest bedrooms with baths all ensuite. A library/media room looking out over the reserve puts the finishing stroke on the second floor. The lower level adds 4,000 SF+/- of additional living space including recreational areas, gym with a sauna and steam, spa bath, home theater and 2 staff suites. An outside fireplace highlights the broad stone patios which lead to the heated Gunite pool with spa, cabana and sunken N/S tennis court, all with views of the reserve beyond. Now is the perfect time to preview this superlative new construction while the opportunity exists to infuse your own personality into the completed estate. Exclusive $10.95M WEB# 13796
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Equal Housing Lender.
Founded in 1976, AVENUE is a must-read among the city’s most discerning, stylish and savvy audiences. As Manhattan’s oldest society magazine...
Published on Dec 26, 2013
Founded in 1976, AVENUE is a must-read among the city’s most discerning, stylish and savvy audiences. As Manhattan’s oldest society magazine...