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	<title>Observer &#187; Lady Elena and Lord Norman Foster Buy $7.2 M. Fifth Avenue Co-op [Updated]</title>
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		<title>Observer &#187; Lady Elena and Lord Norman Foster Buy $7.2 M. Fifth Avenue Co-op [Updated]</title>
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		<title>Lady Elena and Lord Norman Foster Buy $7.2 M. Fifth Avenue Co-op [Updated]</title>

		<comments>http://observer.com/2009/05/lady-elena-and-lord-norman-foster-buy-72-m-fifth-avenue-coop-updated/#comments</comments>
		<pubDate>Mon, 04 May 2009 21:54:29 -0400</pubDate>
					<link>http://observer.com/2009/05/lady-elena-and-lord-norman-foster-buy-72-m-fifth-avenue-coop-updated/</link>
			<dc:creator>Max Abelson</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/norman1_0.png?w=300&h=218" />The global recession has not been <a href="http://www.nytimes.com/2009/04/19/realestate/commercial/19sqft.html">good for architects</a>, even deified Pritzker-winning ones: <strong>Lord Norman Foster</strong>, in Manhattan alone, has hit snags at his <a href="http://www.nytimes.com/2009/03/04/arts/design/04donn.html?partner=rss&amp;emc=rss">New York Public Library</a> renovation, Aby Rosen&rsquo;s <a href="/2008/real-estate/tom-wolfe-isn-t-worried?page=0%2C1">980 Madison</a> tower, Lexington Avenue&rsquo;s <a href="http://www.nytimes.com/2008/10/29/realestate/commercial/29hotel.html?ref=business">Shangri-La</a> hotel, and ground zero&rsquo;s Tower 2. But the 73-year-old British architect and his wife, <strong>Lady Elena Foster</strong>, want a Manhattan apartment nevertheless.</p>
<p>According to a deed filed in city records on May 4, the couple just paid <strong>$7.2 million </strong>for a co-op at <strong>912 Fifth Avenue</strong>, a building that brokers call &ldquo;nice&rdquo; but not particularly top-crust. Even though Lady Foster, who before their marriage had been <a href="http://www.guardian.co.uk/artanddesign/2006/jan/08/photography.pressandpublishing">a celebrity sex psychologist in Spain</a>, is listed alone on the deed (with her title, of course), a source said the apartment is for the couple. Apparently, Lord Foster--whom Tom Wolfe, a critic of 980 Madison, called &ldquo;quote-Lord-quote Norman&rdquo; in an <em>Observer</em> interview last year--even appeared for a co-op board interview.</p>
<p>Considering his virtuosic taste in <a href="http://www.fosterandpartners.com/Projects/1124/Default.aspx">very beautiful windows</a>, it&rsquo;s odd the architect chose an apartment that only has two rooms facing Central Park: According to the <a href="http://www.stribling.com/floorplan.asp?id=1115084">floor plans</a> of a mirror-image apartment one floor down that&rsquo;s on the market with Stribling, the apartment is oddly long and thin, with about 2,725 square feet. &ldquo;It only has good views from two rooms, the master bedroom and living room,&rdquo; a source said. &ldquo;The rest of it is kind of internal, because it&rsquo;s not a corner building.&rdquo;</p>
<p>That Stribling listing came on the market at $7.1 million in February, was cut to $6.45 million in March, and lowered to $5.95 million just this week. Lord Foster and his wife spent $1.25 million more on their co-op, even though it hadn&rsquo;t been listed on the market. </p>
<p>According to the deed, their apartment was sold by the estate of <strong>Fred Strauss</strong>, an oil executive who died last year at age 94. Lord and Lady Foster originally came to the building because they had tried to buy a unit one floor up: &ldquo;We actually started the process of doing it,&rdquo; said a source involved with that failed deal, &ldquo;and the seller had a change of heart and took it off the market."</p>
<p><strong>UPDATE, Tuesday 6:13 PM</strong>: A spokesperson for Foster + Partners said, &ldquo;I have spoken to Lord Foster, who does not wish to make any comments.&rdquo;</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/norman1_0.png?w=300&h=218" />The global recession has not been <a href="http://www.nytimes.com/2009/04/19/realestate/commercial/19sqft.html">good for architects</a>, even deified Pritzker-winning ones: <strong>Lord Norman Foster</strong>, in Manhattan alone, has hit snags at his <a href="http://www.nytimes.com/2009/03/04/arts/design/04donn.html?partner=rss&amp;emc=rss">New York Public Library</a> renovation, Aby Rosen&rsquo;s <a href="/2008/real-estate/tom-wolfe-isn-t-worried?page=0%2C1">980 Madison</a> tower, Lexington Avenue&rsquo;s <a href="http://www.nytimes.com/2008/10/29/realestate/commercial/29hotel.html?ref=business">Shangri-La</a> hotel, and ground zero&rsquo;s Tower 2. But the 73-year-old British architect and his wife, <strong>Lady Elena Foster</strong>, want a Manhattan apartment nevertheless.</p>
<p>According to a deed filed in city records on May 4, the couple just paid <strong>$7.2 million </strong>for a co-op at <strong>912 Fifth Avenue</strong>, a building that brokers call &ldquo;nice&rdquo; but not particularly top-crust. Even though Lady Foster, who before their marriage had been <a href="http://www.guardian.co.uk/artanddesign/2006/jan/08/photography.pressandpublishing">a celebrity sex psychologist in Spain</a>, is listed alone on the deed (with her title, of course), a source said the apartment is for the couple. Apparently, Lord Foster--whom Tom Wolfe, a critic of 980 Madison, called &ldquo;quote-Lord-quote Norman&rdquo; in an <em>Observer</em> interview last year--even appeared for a co-op board interview.</p>
<p>Considering his virtuosic taste in <a href="http://www.fosterandpartners.com/Projects/1124/Default.aspx">very beautiful windows</a>, it&rsquo;s odd the architect chose an apartment that only has two rooms facing Central Park: According to the <a href="http://www.stribling.com/floorplan.asp?id=1115084">floor plans</a> of a mirror-image apartment one floor down that&rsquo;s on the market with Stribling, the apartment is oddly long and thin, with about 2,725 square feet. &ldquo;It only has good views from two rooms, the master bedroom and living room,&rdquo; a source said. &ldquo;The rest of it is kind of internal, because it&rsquo;s not a corner building.&rdquo;</p>
<p>That Stribling listing came on the market at $7.1 million in February, was cut to $6.45 million in March, and lowered to $5.95 million just this week. Lord Foster and his wife spent $1.25 million more on their co-op, even though it hadn&rsquo;t been listed on the market. </p>
<p>According to the deed, their apartment was sold by the estate of <strong>Fred Strauss</strong>, an oil executive who died last year at age 94. Lord and Lady Foster originally came to the building because they had tried to buy a unit one floor up: &ldquo;We actually started the process of doing it,&rdquo; said a source involved with that failed deal, &ldquo;and the seller had a change of heart and took it off the market."</p>
<p><strong>UPDATE, Tuesday 6:13 PM</strong>: A spokesperson for Foster + Partners said, &ldquo;I have spoken to Lord Foster, who does not wish to make any comments.&rdquo;</p>
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