Shaw Building $75 Million Home In New York

Aug 2 2012 | 11:11am ET

D.E. Shaw Group founder David Shaw is getting a new place to rest his head.

Shaw is building a new home in Hastings-on-Hudson, N.Y., a tony village about 10 miles north of Manhattan. In fact, he's been building it for about a year—and planning it for much longer—but he still won't get to move in for as much as another year.

The 30,000-square-foot home will cost $75 million to build, the New York Post reports, a figure that Hastings building inspector Deven Sharma disputes. In any case, the glass-and-concrete structure, which will be heated and cooled with geothermal energy, is likely to be the most expensive home in Westchester County when it is finished, no small feat.

The home will be three stories, including a basement, and will be shorter than the two houses that previously sat on the property. It is designed by star architect Steven Holl, best known for his museum work in Helsinki, Finland, and Kansas City, and for a dormitory at the Massachusetts Institute of Technology. There will also be an underground garage and covered pool with a tennis court on top, and two reflecting pools. And, the Shaws hope, eventually a guest house, although that has not yet been approved.

Despite all of that, Sharma said the mansion is "not imposing at all. You can barely see it from anywhere," although neighbors have worried that it would block their views of the Hudson River. "What we felt was of primary importance was to make a scheme that really was as sensitive to this landscape as possible," Noah Yaffe, of Steven Holl Architects, told the village planning board in January.

Shaw has spent some five years assembling seven properties into a 6.01-acre estate on the Hudson.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of