Richard Gere Closes on Schnabel's Palazzo Condo for $12 M. |
| Published: November 1, 2007, 3:58 pm |
| Tags: real estate, julian schnabel, richard gere |
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Reports have been saying for a month or so that handsome hippy thespian Richard Gere has bought into Julian Schnabel's Palazzo Chuppi at 360 West 11th Street. But city records filed today reveal the purchase price: $12 million. That means Mr. Gere still has $850,000 left over from the record-setting sale of his Sullivan Street townhouse. Maybe he'll use the bonus funds to build a rooftop Buddhist temple like the one he had on Sullivan (city building permits called it a penthouse meditation room' made of wood frame. ) After all, Mr. Gere bought his piece of the Palazzo through his old Tushita Trust, named for a kind of Buddhist heaven. [ Full article ] |
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