Real Estate

A Meryl Streep Landmark Is Up for Grabs, George Shultz’s Penthouse Hits the Market, and More Real Estate News

Here’s everything you need to know now
A penthouse duplex  that formerly belonged to George Schultz and a Hells Kitchen condo where Meryl Streep got her start...
A penthouse duplex (pictured) that formerly belonged to George Schultz and a Hells Kitchen condo where Meryl Streep got her start are among the most buzzworthy real-estate listings on the market now.Photo: R. Brad Knipstein
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From high-profile design commissions to exciting listings, there is always something new happening in the world of real estate. In this roundup, AD PRO has everything you need to know.

On the market

Live in the theater where Meryl Streep made her debut

Once home to the experimental Cubiculo Theatre, 414 West 51st street in Hell’s Kitchen, New York, has been transformed into five stories of luxury loft condos, one of which is now listed for just under $2.4 million.

Three years after the Cubiculo opened in 1968, Meryl Streep made her off-off-Broadway debut there as a peasant girl in the 17th-century Spanish play The Trickster of Seville and the Stone Guest.

Coldwell Banker Warburg brokers Lisa Chajet, Bonnie Chajet, and Adjina Dekidjiev have the listing for Apartment 1, which includes two bedrooms, plus a den which can double as a third and smaller bedroom. Unique features in the unit include 12-foot ceilings, oversized windows with all four exposures, an oversized gourmet kitchen with Dacor and Miele appliances, a 400-square-foot loft space, and a garden with an outdoor grill.

The Cubiculo Theatre, where Meryl Streep made her off-off-Broadway debut, has been converted into a luxury condominium building. This unit is currently on the market for a cool $2.4 million.

Photo: Coldwell Banker Warburg

Kevin James lists Delray Beach estate for $20 million

He’s known as the King of Queens, but, in February 2021, comedian Kevin James picked up an oceanfront Colonial Caribbean on Florida’s Delray Beach for $14 million. Less than two years later, the 57-year-old James is selling the renovated six-bedroom house for $19.95 million.

With about 19,000 square feet of living space, the three-story house is laid out on nearly two thirds of an acre and includes a semi-detached guest apartment atop a five-car garage. James reportedly didn’t do much to alter the property, which has held onto its pristine white interiors and blond wood and herringbone-patterned flooring. The home also contains a kitchen with two oversized white marble islands, a rec room with pool table, and a cavernous wine cellar. The main suite is accessible by elevator, and it takes up the top floor with a modern fireplace, spacious sitting room, a pair of walk-in closets, and French doors that lead out to a balcony overlooking the Atlantic. In the lush backyard, a T-shaped saltwater swimming pool is set among palm trees and other tropical flora.

Pascal and Antonio Liguori at Premier Estate Properties have the listing.

James and his wife, Steffiana, previously sold an eight-bedroom estate in Delray for $26.4 million in 2016. Their primary residence remains a stately mansion on Old Westbury, Long Island, Dirt.com reported.

The former residence of George Shultz and his wife Charlotte Mailliard Shultz is on the market for $29 million.

Photo: R. Brad Knipstein

George Shultz’s San Francisco penthouse on the market for $29 million

The San Francisco condo where late secretary of state George Shultz entertained former U.K. prime minister Tony Blair, Henry Kissinger, California governor Gavin Newsom, and singer Tony Bennett is now on the market for $29 million.

Completed in 1965, the Summit is a 32-story high-rise on San Francisco’s tony Russian Hill, designed by Neill Smith & Associates for influential developer Joseph Eichler, with a striking silhouette that’s visible for miles. Schultz’s top-floor duplex comprises two adjacent penthouses that span about 10,400 square feet—the north penthouse is listed for $17 million, and the south for $12 million. (Because of their unique layout, the two cannot be combined.)

Shultz, who died last year at age 100, primarily lived in the north penthouse with his wife, Charlotte Mailliard Shultz, who also passed away last year. She originally bought it in 1989 with her then husband, developer Melvin Swig, for $3.3 million. It includes three bedrooms, a pair of wood-burning fireplaces, a spiral staircase, and a stately wood-paneled study. After the Shultzes were married in 1997, the couple snatched up the south condo for about $5 million, using it predominantly as a guest residence and a place to entertain. It offers a trio of bedrooms, with floor-to-ceiling windows and a wraparound terrace overlooking the Golden Gate Bridge.

“It’s like box seats at the opera,” Compass’s Karen Mendelsohn Gould, who is managing the listing with colleague Max Armour, told The Wall Street Journal. “You have this perfect view.”

Dependable Equities unveiled renderings of Oda’s design for Ombelle, a set of towers proposed in Fort Lauderdale, Florida.

Rendering by VERO Digital

First looks

A new ODA project, revealed

Brooklyn-based Dependable Equities has submitted plans for Ombelle, a proposed pair of Fort Lauderdale, Florida, residential towers designed by New York architecture firm Oda.

The two tapering 43-story towers at 300 NE Third Avenue would introduce 1,100 rental units with staggered outdoor balconies to the artsy Flagler Village neighborhood, along with a 75,000-square-foot amenity deck, and more than 11,000 square feet of ground-floor retail and restaurants. At the base, a sweeping urban plaza connects to a colonnade that encircles the building’s perimeter.

Oda “has always pushed boundaries, often blurring the line between indoor and outdoor, architecture and art, building and landscape,” studio principal Eran Chen said in a statement. “There is nowhere better to be pushing this boundary than Flagler Village,” Chen added. “[It’s] one of the trendiest neighborhoods with a charming blend of youth, community, art, and culture.”

A rendering of the interiors at Post House in Brooklyn.

Courtesy Binyan Studios

New Brooklyn condo takes a note from 1920s post office

Post House, a ground-up luxury condominium in Boerum Hill inspired by the original 1925 post office that once occupied the site, is nearing completion, with move-ins expected in 2023. When it opens to residents, the 11-story building will feature 41 condominiums—from one- to four- bedroom residences, as well as two half-floor penthouses.

The post office shuttered in 2017, and it was demolished in 2020 after Sterling Town Equities purchased the building the following year for $27.5 million. Isaac & Stern Architects and Workshop/APD, who partnered on interiors and exteriors, invoke its Art Deco design with geometric shapes “that suggest an envelope flap,” according to a release.

Residents enter a through a red brick façade on Pacific Street with an arched entryway that leads into a landscaped courtyard. The striking white-brick front on Atlantic Avenue juxtaposes with black geometric metal cladding and window finishes.

Stepping terraces and loggias provide sweeping views of the East River, Brooklyn, and beyond. Prices start at $999,900 for one-bedroom apartments.

News

The most googled architect in the world

More than six years after her death, Zaha Hadid remains the most searched-for architect on the Internet, according to a report from Money.co.uk. Using data from Google Keyword Planner, the site analyzed the average number of monthly searches in over 130 countries and found Hadid—whose notable works include the London Aquatics Center and China’s Guangzhou Opera House—topped the list in 84. Analyzing hashtags, Money.co found Hadid’s most-Instagrammed works were the Heydar Aliyev Center in Baku, Azerbaijan; the MAXXI Museum in Rome; and the Messner Mountain Museum in northern Italy’s South Tyrol region.

The first woman to receive the prestigious Pritzker Prize, the British Iraqi architect was made a dame by Queen Elizabeth in 2012.