The former Citigroup chairman bought the property next to his house in Greenwich hoping it’d become “a family compound,” and while his son Marc built a house on it and lived there for four years, in 2008 he sold it back to dad and split for NYC. So! What do you get for $14 million asking price? 16,460 square feet, views of Long Island Sound, a home theater, and a koi pond, yes, but also, and much more importantly: the opportunity to have Sandy Weill knock on your door and ask to borrow a cup of sugar, as he’ll be your neighbor. And according to Papa Weill, the house on the market practically dwarfs his own, which is something of a hovel in comparison. Read more »
Greenwich Residents Doing Their Part To Make Steve Cohen’s Backyard Ice Rink Look Totally ReasonableBy Bess Levin
With an indoor lacrosse field that could be yours. Read more »
Time was, you needed a bag filled with at least $10 million in unmarked twenties to buy a house in Greenwich, CT, where many a multi-billionaire hedge fund manager reside, and it’s a legitimate insult to have a newspaper claim your home is a measly 14,000 square feet. Now? Thanks to the global financial crisis, job cuts, and bonuses that leave people sobbing under their desks? Sellers no longer have the luxury of standing their ground and waiting for someone to come along who appreciates their Bloomberg Terminal-shaped pool and the $50 million price tag that comes with, allowing practically anyone to buy in, and even those who have the means to spend 8-figures on a house, on the spot, no questions asked, are holding out for bargains, like common riff-raff. Read more »
Can We Move This Manhunt Along? Metro North Riders Have DVRs Full Of Top Chef Episodes That Aren’t Going To Watch ThemselvesBy Bess Levin
At 4:57 p.m., a man [wearing a fedora-style hat and sunglasses] seen by witnesses loitering outside the People’s United Bank at 410 Greenwich Ave. walked into the branch, approached a teller and implied he had a weapon, but did not show it, police said. He then fled with an undisclosed amount of cash. Service on the busy New Haven Line was suspended for about an hour at the start of the evening commute. Trains resumed service about 6 p.m., but commuters faced delays of about an hour, according to Metro-North. When Matt Stymacks made his way to the northbound platform in Greenwich at “5 o’clock on the dot,” he said he noticed one or two police cars. “It looked nonchalant,” said Stymacks. “I noticed that they were scurrying for a bit and then out of nowhere, they had AK47s on them and police dogs and they were screaming at everyone to clear the platform immediately.” The number of police cars multiplied from two to about a dozen, he said; he never heard any gunfire. “Initially it was just very strange, because the first thing you notice is that the police have guns and dogs, so you have to assume that whoever they’re looking for appears to be a danger not just to themselves, but to everyone around,” he said. “So for a brief moment, everybody was pretty freaked out.” But as the minutes ticked away, the mood on the platform shifted from anxiousness to impatience. “There wasn’t any explanation from the cops as to what they were looking for and they weren’t telling us, `Hey, look for a person with said description.’ They just wanted everyone away from the platform — and there wasn’t any communication as far as how long it would take.” [CT Post, CF]
Among the many reasons typically cited by hedge fund managers who choose to run their business out of Connecticut instead of New York are: 1. The room to stretch their shit out 2. Proximity to the Long Island Sound 3. Convenience for those already living in the area. Some probably also believe that the Fairfield County is slightly safer than New York City. That you’re not going to get jumped walking out of the office or beaten with a tire iron because you messed with someone’s man or woman. OR WILL YOU? Read more »
Bloomberg reports that Uncle Vik has put his 6-bedroom, 6-bath Greenwich, CT weekend house on the market and while experts are skeptical he’ll get the $4.3 million asking price, perhaps someone will consider throwing him a bone. Citi shareholders have screwed him yet again and he could use the cash. No zen garden to speak of (cruel world) but there are “rolling grounds” and a lagoon-like pool. Make him an offer.