As some of you may recall, last month hedge fund manager Steve Cohen received some disturbing news from the town of East Hampton: that the manse he plans to build in the place of the manse he tore down cannot exceed 24,000 square feet. For a man who owns a 35,000 square foot pad in Greenwich and 49,000 square feet between midtown East and the West Village, this obviously would not do. Twenty-four thousand square feet is downright oppressive and claustrophobia-inducing. But rather than lash out, Cohen chose to breathe, count to three, and acquire a f*ck-ton of space elsewhere, with enough room that the walls don't feel like they're closing in on him.
Point72 Asset Management, the company charged with managing the hedge funder’s $11 billion fortune, signed a 175,000-square-foot lease at the Related Companies and Mitsui Fudosan America’s 55 Hudson Yards.