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	<title>Observer &#187; Qatari Prime Minister Is Not The Buyer Of One57&#8242;s $90 M. Penthouse, Says Gary Barnett</title>
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		<title>Observer &#187; Qatari Prime Minister Is Not The Buyer Of One57&#8242;s $90 M. Penthouse, Says Gary Barnett</title>
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		<title>Qatari Prime Minister Is Not The Buyer Of One57&#8242;s $90 M. Penthouse, Says Gary Barnett</title>

		<comments>http://observer.com/2012/07/qatari-prime-minister-is-not-the-buyer-of-one57s-the-90-m-penthouse-says-gary-barnett/#comments</comments>
		<pubDate>Tue, 03 Jul 2012 13:00:50 -0400</pubDate>
					<link>http://observer.com/2012/07/qatari-prime-minister-is-not-the-buyer-of-one57s-the-90-m-penthouse-says-gary-barnett/</link>
			<dc:creator>Kim Velsey</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=249956</guid>
		<description><![CDATA[<p><div id="attachment_249965" class="wp-caption alignleft" style="width: 410px"><a href="http://observer.com/2012/07/qatari-prime-minister-is-not-the-buyer-of-one57s-the-90-m-penthouse-says-gary-barnett/hamad/" rel="attachment wp-att-249965"><img class="size-full wp-image-249965" title="Not a buyer at One57, although he and his entourage are more than welcome at the condo." src="http://nyoobserver.files.wordpress.com/2012/07/hamad.jpg" alt="" width="400" height="268" /></a><p class="wp-caption-text">Not a buyer at One57, although he and his entourage are more than welcome at the tower. (Getty)</p></div></p>
<p>The Qatari Prime Minister, despite being everyone's favorite character in the drama of the New York's luxury real estate market, is not the buyer of the $90 million penthouse at One57, according to Gary Barnett.</p>
<p>Mr. Barnett, the president of Extell Development, told <em>The </em><em>Wall Street Journal</em> <a href="http://online.wsj.com/article/SB10001424052702304299704577502862447440428.html?mod=WSJ_NY_MIDDLESecondStories">that the rumors, though rampant, were false</a>. <!--more--></p>
<p>The <em><a href="http://observer.com/2012/07/is-qatari-prime-minister-the-buyer-of-90-m-penthouse-at-one57/">New York Post, </a></em><a href="http://observer.com/2012/07/is-qatari-prime-minister-the-buyer-of-90-m-penthouse-at-one57/">citing unnamed sources</a>, reported on Monday that Sheikh Hamad bin Jassim bin Jaber Al Thani had finally found<a href="http://observer.com/2012/07/is-qatari-prime-minister-the-buyer-of-90-m-penthouse-at-one57/"> a home in the city's most expensive apartment in the city. The apartment went into contract in May and is expected to break real estate records when it closes</a> for a price that is said to be higher than $90 million.</p>
<p>Rumor had it that Mr. Hamad, <a href="http://observer.com/2012/05/what-was-the-co-op-board-rejection-of-huguette-clark-bid-really-about/">smarting over the loss of two adjoining Huguette Clark apartments at 907 Fifth Avenue</a>, had stopped trying to woo snooty co-op boards, purchasing instead a magnificently new $90 million condo.</p>
<p>Nor, for the record, is Mr. Hamad the buyer of another One57 penthouse that just went into contract, as reported by <em>The Journal</em>. (That unit, which spans the 75th and 76th floors of the tower and was most recently listed at $115 million—making it the most expensive unit currently on the market—is said to be in contract for less than $90 million).</p>
<p>The story of Mr. Hamad's big buy did, to be honest, have all the trademarks of a rumor in that he was not only said to be the buyer of the penthouse, but also of <em>four!</em> other floor-throughs in the building, putting his total investments at $250 million. But hey, the gossips need someone to fixate on now that <a href="http://observer.com/2012/05/steve-wynn-buys-in-ritz-carlton-penthouse/">Steve Wynn has finally found his Manhattan dream home</a> at the Ritz- Carlton.</p>
<p>Mr. Barnett, speaking with <em>The</em> <em>Journal</em>, refused to identify the buyer of either penthouse, but said that neither was from the former Soviet Union or the Middle East.</p>
<p>"Neither is on the right continent," Mr. Barnett said, "So they have another five guesses to go."</p>
<p>He did, however, say that he would be happy to have Mr. Hamad, as well as his rather extensive entourage, in the building.</p>
<p>"We feel perfectly capable of dealing with high service requirements without impinging on any other resident," Mr. Barnett told <em>The Journal</em>. "We would be very happy to have the prime minister of Qatar in our building."</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_249965" class="wp-caption alignleft" style="width: 410px"><a href="http://observer.com/2012/07/qatari-prime-minister-is-not-the-buyer-of-one57s-the-90-m-penthouse-says-gary-barnett/hamad/" rel="attachment wp-att-249965"><img class="size-full wp-image-249965" title="Not a buyer at One57, although he and his entourage are more than welcome at the condo." src="http://nyoobserver.files.wordpress.com/2012/07/hamad.jpg" alt="" width="400" height="268" /></a><p class="wp-caption-text">Not a buyer at One57, although he and his entourage are more than welcome at the tower. (Getty)</p></div></p>
<p>The Qatari Prime Minister, despite being everyone's favorite character in the drama of the New York's luxury real estate market, is not the buyer of the $90 million penthouse at One57, according to Gary Barnett.</p>
<p>Mr. Barnett, the president of Extell Development, told <em>The </em><em>Wall Street Journal</em> <a href="http://online.wsj.com/article/SB10001424052702304299704577502862447440428.html?mod=WSJ_NY_MIDDLESecondStories">that the rumors, though rampant, were false</a>. <!--more--></p>
<p>The <em><a href="http://observer.com/2012/07/is-qatari-prime-minister-the-buyer-of-90-m-penthouse-at-one57/">New York Post, </a></em><a href="http://observer.com/2012/07/is-qatari-prime-minister-the-buyer-of-90-m-penthouse-at-one57/">citing unnamed sources</a>, reported on Monday that Sheikh Hamad bin Jassim bin Jaber Al Thani had finally found<a href="http://observer.com/2012/07/is-qatari-prime-minister-the-buyer-of-90-m-penthouse-at-one57/"> a home in the city's most expensive apartment in the city. The apartment went into contract in May and is expected to break real estate records when it closes</a> for a price that is said to be higher than $90 million.</p>
<p>Rumor had it that Mr. Hamad, <a href="http://observer.com/2012/05/what-was-the-co-op-board-rejection-of-huguette-clark-bid-really-about/">smarting over the loss of two adjoining Huguette Clark apartments at 907 Fifth Avenue</a>, had stopped trying to woo snooty co-op boards, purchasing instead a magnificently new $90 million condo.</p>
<p>Nor, for the record, is Mr. Hamad the buyer of another One57 penthouse that just went into contract, as reported by <em>The Journal</em>. (That unit, which spans the 75th and 76th floors of the tower and was most recently listed at $115 million—making it the most expensive unit currently on the market—is said to be in contract for less than $90 million).</p>
<p>The story of Mr. Hamad's big buy did, to be honest, have all the trademarks of a rumor in that he was not only said to be the buyer of the penthouse, but also of <em>four!</em> other floor-throughs in the building, putting his total investments at $250 million. But hey, the gossips need someone to fixate on now that <a href="http://observer.com/2012/05/steve-wynn-buys-in-ritz-carlton-penthouse/">Steve Wynn has finally found his Manhattan dream home</a> at the Ritz- Carlton.</p>
<p>Mr. Barnett, speaking with <em>The</em> <em>Journal</em>, refused to identify the buyer of either penthouse, but said that neither was from the former Soviet Union or the Middle East.</p>
<p>"Neither is on the right continent," Mr. Barnett said, "So they have another five guesses to go."</p>
<p>He did, however, say that he would be happy to have Mr. Hamad, as well as his rather extensive entourage, in the building.</p>
<p>"We feel perfectly capable of dealing with high service requirements without impinging on any other resident," Mr. Barnett told <em>The Journal</em>. "We would be very happy to have the prime minister of Qatar in our building."</p>
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			<media:title type="html">Not a buyer at One57, although he and his entourage are more than welcome at the condo.</media:title>
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