Fifteen Central Park West is a condominium building at West 61st Street and Central Park West that was designed by Robert A. M. Stern and completed in 2008. It was the subject of a book, House of Outrageous Fortune: Fifteen Central Park West, the World’s Most Powerful Address (2014) by Michael Gross. 15CPW was nicknamed “Hedgie Hive” by at least 2014 (in Gross’s book) because of the many hedge fund executives who live in the building.
The limestone-covered Fifteen Cental Park West has also been nicknamed “Limestone Jesus.”
Wikipedia: 15 Central Park West
15 Central Park West is a condominium building located at the corner of West 61st Street and Central Park West in New York City. Construction started in 2005 and was completed in 2008, costing a total of $950 million. The building was designed by Robert A.M. Stern.
The building was constructed by developers Arthur and William Lie Zeckendorf of Zeckendorf Development, grandsons of real estate developer William Zeckendorf, in partnership with Goldman Sachs and Eyal Ofer’s Global Holdings Inc. Eyal Ofer, also owns the Altria Building, 18 Gramercy Park and a new luxury residential tower at 50 United Nations Plaza, which was announced in November 2012. 15 Central Park West is considered by some to be one of New York’s most prestigious residential addresses. The location, described as “the most expensive site in Manhattan,” (worth $401 million in 2004) comprises an entire, albeit small, city block on Central Park West, formerly occupied by the somewhat dilapidated Mayflower Hotel (a 1926 Neo-Renaissance building designed by the architect Emery Roth) and a vacant lot.
House of Outrageous Fortune:
Fifteen Central Park West, the World’s Most Powerful Address
By Michael Gross
New York, NY: Atria Books
Adding up the aggregate assets managed by the hedge funds and boutique investment firms whose executives own or rent 15CPW apartments is an inexact business, but combining their boasts with reported guesstimates yields a staggering number: about $437 billion. No wonder residents refer to it as Hedgie Hive.
#HOOF in the news
Posted by Michael Gross in GripeBox, HouseOfOutrageousFortune | March 21st, 2014
Spring has sprung and Bloomberg News is blossoming with reports about House of Outrageous Fortune. Pimm Fox‘s Taking Stock segment (above) aired yesterday and today, Bloomberg’s Manuela Hoelterhoff has an interview with the author. And then there’s Dan Loeb, (the “famously fiery hedge fund hotshot,” in the words of Emily Smith of Page Six), who is apparently shorting the book’s stock. Just another morning at the Hedgie Hive!
15 Outrageous Facts About 15 Central Park West, The World’s Most Powerful Address
MAR. 25, 2014, 5:00 PM
8. 15CPW has also been nicknamed “hedgie hive,” with residents representing some 36 hedge funds. Gross estimates that the aggregate assets managed by hedge funds and boutique investment firms whose executives own or rent at 15CPW amounts to $437 billion.
Fun fact- 15 Central Park West- Nicknamed “Hedgie Hive"- The book, House of Outrageous Fortune claims assets managed by owners, $437 Billion
10:51 PM - 16 Apr 2014