The founder of the HGTV network, Kenneth Lowe, just scored a luxury New York City condo on Billionaires’ Row for a whopping $12.7 million in an all-cash deal — and it doesn’t appear he will need any home renovations.
Lowe and his wife, Julia, purchased the three-bedroom, 3½-bathroom home in the One57 tower at $1.5 million under the $14.2 million asking price, the Real Deal reported.
One57 was newly completed in 2014 and is made up of 94 units that sit on top of the Park Hyatt Hotel.
Upon entry is an expansive foyer that leads to a corner great room that boasts an open floor plan. The space includes living and dining areas and features ceilings almost 12 feet high with panoramic, picturesque Central Park views, according to the listing.
The uniquely designed eat-in kitchen by Smallbone of Devizes features custom, hand-painted white cabinetry and an integrated top-of-the-line appliance package by Miele and Sub-Zero.
Drenched in sunlight, the primary suite is situated on the northeast corner of the building with idyllic park views. The ensuite bathroom comes with a deep soaking tub and separate water closet, as well as a walk-in steam shower.
Spanning more than 3,220 square feet, the condo also features heated floors throughout.
Building amenities include a pool, fitness center, library and access to the Park Hyatt’s spa.
Designed by French architect Christian de Portzamparc, the building was once considered the crown jewel of Billionaires’ Row. Upon its completion, the founder and CEO of Dell Technologies, Michael Dell, purchased a penthouse in the building for a record $100.5 million.
But after New York’s highest court ruled in favor of Mayor Bill de Blasio’s planned homeless shelter next door, the building has gone down significantly in value.
“I think people are going to sell and leave,” Erjon Pellumba, a neighborhood resident of 20 years and the dad of two young kids, told The Post.
“We hear what goes on at other places — like fighting and drug use, and we don’t want it here.”
A superintendent of a building adjoining the site of the planned shelter for 150 men added, “Everybody I talk to — nobody is happy.
“You might see people peeing outside. It’s just not going to be good,” the super said. “Even now, I’m seeing people sleeping on the sidewalk. They are drunk. This is going to make it even worse.”
Lowe, 70, founded HGTV in 1994, when he was an executive with E.W. Scripps.
Noble Black of Douglas Elliman held the listing.
