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The lighting designer, Davis Mackiernan, installed very delicate downlights above the porch and in each of the dormer windows, so the house glows in the evening, says designer Jack Ceglic. It was at her new home that Edith would fully cultivate her bohemian ways. As they walked through the front door, "Little Edie "did a pirouette and said 'all it needs is a coat of paint.' WebJonathan D. Gray (born February 4, 1970) is an American billionaire businessman and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. By the early 1930s, the pair separated, though according to census records, Big Edie still employed a household staff, including a live-in cook, a chauffeur, two housekeepers, and a governess. Jonathan Gray started at asset manager Blackstone Group fresh out of college in 1992 and later rose to head the firm's vaunted real estate group. She posted a picture of herself to Instagram that day, holding the door of the Berman-Schechters outdoor shower open. — -- An East Hampton home once owned by relatives of Jacqueline Bouvier Kennedy Onassis that was the subject of a documentary and inspired a film and musical has hit the market for $19.995 million. The homes owner, composer and conductor Jonathan Sheffer, a friend of the couple who had secured Ceglics help on two prior projectshis East Hampton house, where he lived for two decades, and a townhouse on West 10th Street in Greenwich Villageknew they were the perfect match. Trust me, my husband has asked me the same thing.. Of course, with fame comes public scrutiny and attention, so to this day, many fans wonder what exactly caused the women to succumb to this lifestyle, aside from sheer eccentricity. When the legislature enacted this law, Im sure that they did not intend to protect people in this way, renting units, houses in the Hamptons, for tens of thousands of dollars a month, said Steven Kirkpatrick, a partner at the Romer Debbas law firm in Manhattan who specializes in housing law. His fortune has jumped more than 50% this year to $5.9 billion. Each sale listing includes detailed descriptions, photos, amenities and neighborhood information for The Hamptons. Fernandez-Casteleiro poetically likens the way the home now opens up to a sea shella conversation between spaces that begins in the mud room and seamlessly expands, through the first floor, where original dividing walls were removed to create long 60-foot views, and out into the various outdoor spaces. The East Hampton home known as Grey Gardens is on the market for $19.995 million. Grey Gardens owners Sally Quinn and Ben Bradlee. Montauk mornings in my new summer garden, the caption read, along with several hashtags including #goodmorning and #myownhome. He is also chairman of Hilton Worldwide . I've never been so excitedI even started smoking again," Quinn laughed. Andrew M. Cuomo signed into law on June 30, extended pandemic-related protections that the governor had already established, making it difficult for landlords to obtain an eviction order, no matter whom their tenant might be. Though the death of Little Edies father in 1956 minimized their funds even further, the mother-daughter duo continued to socialize around East Hampton. Links: www.bloomberg.com 12,388 views Unrated Categories Buildings > Residential Comments Policies Please log in if you don't want to post anonymously (anonymous users cannot WebJonathan Gray's House Sagaponack , New York (NY) , US Gray runs Blackstone's real estate business and is the latest billionaire to emerge from the worlds largest manager of private equity and property. [27], In February 2023, the Grays were named to The Chronicle of Philanthropys list of the 50 biggest donors in 2022. As a subscriber, you have 10 gift articles to give each month. Mr. Davis did not respond to emails and voice mail messages requesting comment. Little Edie was right there with them "standing on the front porch waiting for me," Quinn adds, with a "sweater wrapped around her waist as a skirt, a scarf on her head, probably because of the flees, and masses of red lipstick smeared around her face, [when] she said 'welcome to Grey Gardens,' as though it was some fabulous palace." Quinn and Bradlee purchased the three-story home for $220,000, Quinn, who could not be reached for comment, told The Wall Street Journal. The Berman-Schechters said that afternoon that they had gotten their key back, but that they still hadnt been paid. "[18] Gray later contracted COVID-19 and sent CFO Michael Chae to the event instead.[19]. Then she asked Ms. Hochberg. For the performance, Blackstone has been richly rewarded. Homes listings include vacation homes, apartments, penthouses, luxury retreats, lake homes, ski chalets, villas, and many more lifestyle options. 50 insiders reveal how the superinvestor consolidated power, elbowed out rivals, and is remaking the firm in his golden-boy image", "Investment strategy: The new property barons", "Blackstone to Check Out of Hilton Investment", "Blackstone's Hilton Deal: Best Leveraged Buyout Ever - Bloomberg", "40 under 40 - Jonathan Gray (7) - FORTUNE", "Blackstone Exits Single-Family Rental Bet Slammed by Warren", "Wall Street as Landlord: Blackstone Going Public with a $10 Billion Bet on Foreclosed Homes", "Warren Calls Out Blackstone for "Shameless" Profies From Housing", "Blackstone's Homegrown Dealmaker Finally Makes It to the Top", "Opinion | Wall Street Courts Hong Kong Strongman John Lee", "Three Top Bankers Pull Out of Hong Kong's Global Finance Summit", "Trump Said to Discuss Treasury Post With Blackstone's Gray", "Blackstone executive Jonathan Gray won't serve as Treasury secretary", "The Wallets of Wall Street Are With Joe Biden, if Not the Hearts", "Private-Equity Leaders Place Their Presidential Bets", "Joe Biden's fundraiser list includes more than 30 executives with Wall Street ties", "Joe Biden to host more than 250 donors from Wall Street, big business at NYC fundraisers here's the guest list", "Blackstone COO Jonathan Gray On Giving To Education, Cancer Research", "Blackstone President Jonathan Gray Donates $25 Million To Tackle Deadly Breast Cancer Gene", "Basser Center for BRCA Abramson Cancer Center", "Blackstone's Gray Becomes Billionaire Amid Property Wager", "The 2013 Basser Global Prize - Bassser Research Center for BRCA -Penn Medicine", "Penn Medicine's Basser Research Center for BRCA Announces Additional $5 Million Gift from Mindy and Jon Gray to Fund External Research Grant Program", "The T&C 50: The Top Philanthropists of 2016", "Blackstone's Gray Gives $21 Million to Hit Cancer Close to Home", "$55 million gift to Penn is aimed at stopping breast cancer before it starts", "University Of Pennsylvania Receives $55 Million Gift To Study, Treat Hereditary Cancers", "Blackstone's Gray Gives UPenn $55 Million for Cancer Prevention", "New York Seeks to Jump-Start College Savings by Giving Cash to Kindergartners' Parents", "Blackstone's Gray Donates $10 Million for Financial Aid at UPenn", "Money for Kindergartners, Spendable on College", "WEDDINGS - Mindy Basser, Jonathan D. Gray", https://en.wikipedia.org/w/index.php?title=Jonathan_D._Gray&oldid=1147945563, Wharton School of the University of Pennsylvania alumni, Articles with unsourced statements from April 2016, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 April 2023, at 05:15. These incidents caught a neighbor's attention, who pitched the story to New York Magazine. The landlord said no. As the footage shows, renovations included setting up proper plumbing and heat in a couple of the rooms upstairs, painting over old wallpaper, and, essentially bringing the house up to code just enough to pass an inspection. They put her picture up and wrote all kinds of crazy things. He called the Berman-Schechters nasty and vengeful and said that they were trying to harass his family for money. Beard connected her with filmmakers David and Al Maysles, who released the hit about the Rolling Stones, Gimme Shelter, in 1970, to help bring it to life. By the 1960s, the Beales had grown more reclusive and paranoid (though Little Edie left to attend JFK's inauguration), partially because Big Edie was developing arthritis, and partially because of a robbery while the two were out at a party. After 30 years, Martha has sold her Hamptons residence on Lily Pond Lane. Im very surprised that this happened, she said. We've received your submission. Ms. Hochberg said in a text message that her family has owned property in Montauk for 35 years. Her stay was uneventful for the first several weeks, with a key exception. Radziwill's movie was scrapped (it was later released as That Summer in 2018) and focus shifted to Big and Little Edie, who were happy to deliver an Oscar-worthy performance. Location: Grey Gardens, 3 West End Road, East Hampton; listed for $17.9 million via Michael Schultz at Corcoran, 917-882-8338 Location: Grey Gardens, 3 West End Road, East Hampton; listed for $17.9 million via Michael Schultz at Corcoran, 917-882-8338 In June, Air Mail reported that a Hamptons realtor, Jonathan Davis, had trashed a property hed leased, and had refused to leave. .css-d1h32f{color:#000000;display:block;font-family:Visuelt,Helvetica,Arial,sans-serif;font-weight:bold;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;-webkit-text-stroke:0;}@media (any-hover: hover){.css-d1h32f:hover{color:link-hover;}}@media(max-width: 48rem){.css-d1h32f{font-size:1.0625rem;line-height:1.2;margin-bottom:0.3125rem;}}@media(min-width: 40.625rem){.css-d1h32f{font-size:1.125rem;line-height:1.2;margin-bottom:0.3125rem;}}@media(min-width: 64rem){.css-d1h32f{font-size:1.25rem;line-height:1.2;margin-bottom:0.625rem;}}What to Plant in July, Serena Williams Announces Pregnancy at Met Gala, All the Looks From the 2023 Met Gala, in One Place. I think I slept there one night, he said. Well, not quite alone. In January 2014, the Basser Research Center announced an additional $5million gift from the couple to fund an external research grant program. The following year, in 1923, they purchased Grey Gardens. Ms. Hochberg had asked to stay the entire summer, said Ms. Berman-Schechter, who replied that it wasnt possible. Is there a designer who has never stapled Little Edie to that seasonal mood board? Martha Stewart's Hamptons House Tour Photos. Jonathan Adler and Simon Doonans art- and design-filled summer home is a place for both creativity and downtime. It'd just be another house, or worse, a copy of another house." [1] He is also chairman of Hilton Worldwide.[2]. Hes speaking of his recently completed two-year restoration of a 19th-century shingled house near the ocean in Sagaponack, New York, one of the quieteralbeit most sought-afterHamptons hamlets. Some 20 years after Little Edie retired to East Hampton, their beloved grand piano was a warped, defunct fossil of its former self, and the entire main level was coated in cat hair, cobwebs, and dust. Now Blackstone, the industry's biggest player, is also laying out its succession plans. Sheffer had two initial requests of the design team, both of which had to be delicately turned down: Move the home back from the road, and paint it white. In that deal, Gray threaded the needle of fraught New York City politics and the scar tissue from Stuy Town's bankruptcy after a 2007 LBO. During this period, Wright lived with the Beales in the Eye Room, helping feed the animals (namely the cats, who they considered pets who kept the rat problem at bay, and the head honcho raccoon, Buster, as they believed he wouldn't revolt against them as long as he was happily fed), and looked after Big Edie when Little Edie went to Manhattan for press events. (Calls to Ms. Cuomo, a highly followed wellness worshiper also devoted to the Hamptons, went unanswered.) Bradlee was allergic to cats and walked out choking within minutes (they found 52 dead feral cats around the property), so Quinn ventured in on the balmy August afternoon alone. Big Edie was professionally trained as a singer and pianist but was discouraged from pursuing her talents professionally, and instead, urged to wed. By 1917, when Big Edie was 22, she married 36-year-old Phelan Beale Senior, a future law partner at her fathers firm. (And, either way, you thought you looked pretty damn fabulous.). The Maysles brother, David and Al, on set. If you pull off the narrow two-lane Montauk Highway in East Hampton in the direction of the Maidstonethe country's ritziest, most exclusive cluband make a few right turns until you find yourself under a canopy of majestic trees, you'll eventually arrive at an unsuspecting American icon: Grey Gardens. Jonathan Gray started at asset manager Blackstone Group fresh out of college in 1992 and later rose to head the firm's vaunted real estate group. Otherbig recent deals include the $18 billion acquisition of GE's real estate assets and the purchase of Stuyvesant Town / Peter Cooper Village, an 80 acre property with 11,200 units in Manhattan. Through an intermediary, she told the Berman-Schechters that she would move out on Oct. 12. The East Hampton home known as Grey Gardens is on the market for $19.995 million. In 1992, Gray joined Blackstone's mergers and acquisitions and private equity group,[5] and joined its newly formed real estate private equity group the following year. In June, Air Mail reported that a Hamptons realtor, Jonathan Davis, had trashed a property hed leased, and had refused to leave. Jonathan Gray built Blackstone's powerhouse $115 billion real estate business. Gray's seminal deals like thetakeovers of Equity Office Properties and It is her life, her matter. As the conflict between Ms. Hochberg and the Berman-Schechters intensified, people started to gossip. Within an hour, it was gone. Last year, the firm sold Logicor for $14 billion in its biggest-ever real estate sale. Today, Grey Gardens is widely celebrated as a revolutionary predecessor for reality television. 'Little' Edith Bouvier Beale, left, a cousin of Jacqueline Kennedy Onassis, at home with her mother, 'Big Edie,' in Grey Gardens, a run-down mansion in East Hampton, New York, 1975. Shot in a minimalist style sans soundtrack, voiceover narration, reenactments, or staged interviews, it feels raw and honest, even voyeuristic and invasive. [27][29] In May 2012, Gray and his wife, Mindy Gray, founded the Basser Research Center,[30] named in honor of Mindy's sister, Faith Basser, who died of ovarian cancer at age 44. There are a few viable theories that attempt to understand them (some of the most compelling being black mold and toxoplasmosis), but it's all armchair theorizing, and we'll never really know what drove the "promising young women" of yesteryear to such unexpected circumstances (but perhaps our desire to diagnose and label them as deviant is more worthy of investigation). Ken Caplan and Kathleen McCarthy will take Gray's role as co-heads of Blackstone's real estate operations. Judith Goldiner, the attorney-in-charge of the Civil Law Reform Unit at the Legal Aid Society, said that the laws would help many people who were suffering in New York, pointing to a recent survey that indicated that 58 percent of Black renters, 57 percent of Hispanic or Latino renters and 37 percent of white renters in New York were unsure of their ability to pay their October rent. But before Grey Gardens found itself in one of the most expensive zip codes in the world and became a sentient Hollywood starlet, it was just a piece of land situated on the Atlantic Ocean. The tenants his clients were fighting do have money, they do have jobs, and they choose not to pay the rent, he said. Because I dont like women in skirts, and the best thing is to wear pantyhose or some pants under a short skirt, I think and you can always take off the skirt and use it as a cape. It also gave heft to a new core investing platform that has a longer duration. Where All the Celebs Stayed for the Met Gala, Josh Hall Shares New Photos With Christina on IG, 80 Mother's Day Quotes That Say "I Love You". Jonathan D. Gray, global head of real estate at Blackstone Group. Curious to hear more about Grey Gardens? [5] He was elected Phi Beta Kappa. Martha Stewart's Hamptons House Tour Photos. It seemed upset. Later she sent a New York Post article about moneyed tenants who had taken advantage of the law. When she's not busy writing about interiors, you can find her scouring vintage stores, reading, researching ghost stories, or stumbling about because she probably lost her glasses again. And its not just moi. Grey Gardens pictured in the early 1900s during the Hill ownership. He really began to garner major attention on Wall Street during the LBO boom of the mid-2000s when, as co-head of the unit, he oversaw the joint takeover of Trizec and the LBOs of Equity Office Properties and Hilton. The Berman-Schechters are far from the only landlords who have had trouble getting short-term tenants to pay rent or leave their rentals during the pandemic. [42], In 1995, Gray married Mindy Basser at Temple Beth Zion Israel in Philadelphia; the ceremony was officiated by Rabbi Ira F. WebAn independent spirit, Edith would have a reputation for being theatrical, self-indulgent, and impractical. WebWe have 778 luxury homes for sale in The Hamptons, and 40,552 homes in all of New York. Tenant rights had already been buttressed by a law passed the previous year, the Housing Stability and Tenant Protection Act. New York States Tenant Safe Harbor Act was intended to help those affected by the pandemic. She soon began spending all of her summers and most weekends there with the family. Designer Jonathan Adler and his husband, Simon Doonan, outfitted their New York house with warm and idiosyncratic interiors. Big Edie and Little in their bedroom sometime in the 1970s. Global Financial Leaders' Investment Summit, "Jon Gray Skips Party, Afraid Record Buyout Will Fail", "Blackstone Reports Record Year: Jonathan Gray's Real Estate Group Chips In 60% Of The Profits Jewish Business News", "Jonathan Gray, Blackstone's Real Estate Wizard Behind the Curtain" By Matt Chaban, "Jon Gray is the future of Blackstone. There's Gilded Age glamour, connections to the Kennedy dynasty, and raccoon skulls? Nothing is hidden, and on display are pieces of artwork from homeowner Jonathan Sheffers collection, including pieces by Elliott Puckette, James Rosenquist, Nick Zdon, Beverly Pepper, and Billy Sullivan. [31] This donation also established the Basser Global Prize,[32] honoring cutting-edge cancer research. The Montauk Downs Tennis Club, where Ms. Hochberg said she took lessons this summer. When on Yom Kippur, the solemn Jewish holiday of repentance, Mr. Hochberg had a letter published on his synagogues website about the importance of charity, Mr. Schechter made an Instagram account with the handle @lyingmarissa using an image of Ms. Hochberg as the profile picture and misspelling her name. (Ms. Hochbergs father, a retired liquor retailer, is on the board of directors for a high-rise called Montauk Manor, where he also owns an apartment, a four-minute drive from the Berman-Schechters home. The full story of Grey Gardens is featured in season 2, episode 5 of House Beautifuls haunted house podcast, .css-1qproo8{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:#40699f;text-underline-offset:0.25rem;color:inherit;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;background-image:linear-gradient( to bottom, rgba(156,181,215,.2), rgba(156,181,215,.2));-webkit-background-position:0 100%;background-position:0 100%;background-repeat:repeat-x;-webkit-background-size:0 0;background-size:0 0;padding-top:0.05rem;padding-bottom:0.05rem;}.css-1qproo8:hover{color:#000000;text-decoration-color:border-link-body-hover;-webkit-background-size:0.625rem 3.125rem;background-size:0.625rem 3.125rem;}Dark House. Looking back, he says, by respecting the house and its history and vintage, they really poured themselves into the style of the house as opposed to imposing any sort of rigor on it. Indeed, a visitor to the home is, by design, not meant to perceive that an arduous sculpting process was involved in the renovation, which comprised removing a number of additions created in the 20th century so that all that remained was the 2,000-square-foot, original footprint (and one add-on built in the 1920s). And people are talking. [33] Town & Country (magazine) noted this work in its "Top Philanthropists of 2016" feature, in which the Grays were included. He will oversee Blackstone's operations, which span private equity, credit investing and hedge funds, reporting directly to CEO Schwarzman. in English from the School of Arts & Sciences and a B.S. [15], In February 2018, it was announced that Gray would become president and chief operating officer of Blackstone, replacing Hamilton "Tony" James. Youre going to kick an almost 91-year-old man out in the middle of a global pandemic? she texted. From this garden, a view of the surrounding dunes, cement walls, and sea mist created a lovely pastel color story that inspired the homes subsequent name, Grey Gardens. By that point, court records show, Ms. Hochberg was already embroiled in a legal battle with the Berman-Schechters, who found they had little leverage to remove her from the property. See our 2016 cover story on Schwazman, titled "The Master", Also see Schwarzman's comments for Forbes' 100th anniversary issue, This is a BETA experience. There is no big, finished basement or movie theater, Schultz said. In 2016, it was reported that Gray was under consideration as Treasury Secretary for the incoming presidential administration of Donald Trump. Beautiful and vibrant, Little Edie had a lot in common with her mother, including a passion for literature, theater, and performing. Hilton She and her husband, Matthew Schechter, bought property there in 2008. Hearst Magazine Media, Inc. All Rights Reserved. On a text message thread with both Hochbergs after the call, she offered to help find Ms. Hochberg somewhere else to live. The Tenant Safe Harbor Act, which Gov. It was at her new home that Edith would fully cultivate her bohemian ways. With Blackstone's shuffle, there's been change atop most major financial institutions. While Gray sees challenges in parts of the retail real estate market, he continues to be bullish on residential real estate because new supply is not keeping up with demand across the U.S. The appointment of Jon as President and COO lays the foundation for the next generation of senior management and positions the firm well for future leadership," said Blackstone's billionaire co-founder and CEO Stephen Schwarzman. Deer roam freely on a property in Montauk, N.Y., owned by Cheryl Berman-Schechter and her husband, Matthew. Who Is Joanna Gaines's Sister Mikey McCall? Among Gray's big philanthropic endeavors are his alma mater UPenn, where he's donated $30 million to support cancer research. Ultimately it panned out, leading to an over $10 billion profit. Sadly, tension was emerging between Big Edie and her husband, who was embarrassed by her bohemian tendencies, which seemed to evolve further the more time she spent at Grey Gardens. The move is part of a careful succession at Blackstone. In the early 1920s Phelan and Edith purchased the Grey Gardens mansion located at the corner of Lily Pond Lane and West End Road in East Hampton, Long Island. The real surprise: This shock doc is a fashion movie sort of. Ms. Cardoso also said that Ms. Hochbergs behavior was out of character. Big Edie quickly fell in love with Grey Gardens, which allowed her to enjoy a more relaxed and independent lifestyle. WebJonathan (Jon) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstones Board of Directors. Spending youthful summers at my family home in Montauk is where I felt most serene, Ms. Hochberg wrote in an essay for The Purist, a website founded by Cristina Cuomo where Ms. Hochberg works as an executive sales director, according to her LinkedIn profile. Gray has been a major Democratic donor, backing Hillary Clinton in 2016[21] and several Democratic presidential candidates in the 2020 election[22][23][24][25], The Gray Foundation was launched in 2014, focusing on inherited BRCA mutations and increasing access to education and healthcare for low-income youth in New York City. It eventually yielded a profit of many multiples of Blackstone's cost. This beach house that architect Jonathan Marvel designed for clients along a lesser-known stretch of Great Peconic Bay is the essence of modernism, boasting sleek lines, a copper roof, and idiosyncratic fenestration.