Ian Schrager is trading in his ivy-covered neoclassical home.
The Studio 54 co-founder and boutique hotel pioneer put his Bedford Corners estate in Westchester County on the market for $7.5 million, Curbed reported. Schrager bought the five-bedroom, four-and-a-half-bath spread in 2014 for $4.9 million, surprising those who associated him more with raw concrete condos.
Built in 1936, the 12-acre property comes with manicured lawns, stone walls, a storybook pool house and interiors refreshed with white walls and dark floors. The listing leans on Schrager’s pedigree as much as the house’s charms, noting a renovation the family undertook the year they moved in.
Douglas Elliman’s Sally Slater has the listing, which works out to $1,990 per square foot.
The move continues a recent sell-off for Schrager, who turns 80 next year. He listed a $7.5 million Miami Beach condo in a hotel he co-developed with Marriott last year and ultimately sold it for $7 million. He is still shopping a Dumbo loft he bought for $4.26 million in 2017, asking $3.95 million after a price cut.
The hotelier stepped away from Marriott in 2023, offloading select personal holdings as he narrows his focus.
For now, that focus is the Public, Schrager’s bid to deliver a unique vision of luxury. He’s said he has no plans to retire and is spending his days on the hotel brand’s expansion.
This summer, an entity tied to the hotel filed a summons against Whole Foods, seeking to prevent its delivery trucks from parking “in front or in the vicinity” of the property at 215 Chrystie Street. Whole Foods previously sued the hotel, alleging the crowd for the trendy bar prevents overnight deliveries at its East Houston Street location by restricting access to its driveway and loading docks.
Schrager and Steve Witkoff opened the 28-story building — including 11 luxury condos on top of the hotel — in 2017, but were forced to close it down after the onset of the pandemic. The hotel reopened in the summer of 2021, but by the following year, the developers had defaulted on their $189 million senior mortgage and faced a UCC foreclosure on their equity in the property.
— Holden Walter-Warner
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