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	<title>Observer &#187; Is FiDi Still Cool? Hip-Hop Mogul Russell Simmons Is Selling His Loft</title>
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		<title>Observer &#187; Is FiDi Still Cool? Hip-Hop Mogul Russell Simmons Is Selling His Loft</title>
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		<title>Is FiDi Still Cool? Hip-Hop Mogul Russell Simmons Is Selling His Loft</title>

		<comments>http://observer.com/2012/09/is-fidi-cool-anymore-hip-hop-mogul-russell-simmons-is-selling-his-loft/#comments</comments>
		<pubDate>Thu, 06 Sep 2012 17:45:10 -0400</pubDate>
					<link>http://observer.com/2012/09/is-fidi-cool-anymore-hip-hop-mogul-russell-simmons-is-selling-his-loft/</link>
			<dc:creator>Kim Velsey</dc:creator>
				
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		<description><![CDATA[<p>The Financial District may have a lot going for it these days—Frank Gehry's tower, the new World Trade Center—but it will soon be missing one of its prized assets: hip-hop pioneer Russell Simmons.</p>
<p>Mr. Simmons has listed his duplex penthouse condo at <strong>114 Liberty Street </strong>for $11 million, a listing first spotted by <em>The Real Deal</em>.<!--more--></p>
<p>The condo has five bedrooms, 4.5 bathrooms, barrel vaulted ceilings, a huge chef's kitchen <em>and </em>a kitchenette (perhaps Mr. Simmons—a vegan and big time fan of homemade juices—needed some extra storage space for all the fruits and vegetables he eats?).</p>
<p>As Mr. Simmons <a href="http://www.nytimes.com/2010/05/16/nyregion/16routine.html">once told</a> <em>The New York</em> <em>Times</em> in response to a question about his Sunday morning meditation ritual:<em> "</em>My crib, the whole thing's an altar." In broker babble, that apparently translates to: "One must visit this property and experience the captivating aura of light, views, grand scale and drama."</p>
<p>Mr. Simmons once shared the spacious, sunny loft with ex-wife Kimora Lee Simmons, whom he bought out for $2.3 million back in 2007 after the couple divorced. The listing is held by Corcoran brokers <strong>Deborah Grubman </strong>and <strong>David Dubin</strong>.</p>
<p>Ms. Grubman told <em>The Real Deal </em>that the property offered a unique opportunity to buy in the neighborhood before prices—post WTC completion—shoot up. You know that we're living in a hyper-gentrified city when $11 million is the getting-in early price.</p>
<p><em>kvelsey@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p>The Financial District may have a lot going for it these days—Frank Gehry's tower, the new World Trade Center—but it will soon be missing one of its prized assets: hip-hop pioneer Russell Simmons.</p>
<p>Mr. Simmons has listed his duplex penthouse condo at <strong>114 Liberty Street </strong>for $11 million, a listing first spotted by <em>The Real Deal</em>.<!--more--></p>
<p>The condo has five bedrooms, 4.5 bathrooms, barrel vaulted ceilings, a huge chef's kitchen <em>and </em>a kitchenette (perhaps Mr. Simmons—a vegan and big time fan of homemade juices—needed some extra storage space for all the fruits and vegetables he eats?).</p>
<p>As Mr. Simmons <a href="http://www.nytimes.com/2010/05/16/nyregion/16routine.html">once told</a> <em>The New York</em> <em>Times</em> in response to a question about his Sunday morning meditation ritual:<em> "</em>My crib, the whole thing's an altar." In broker babble, that apparently translates to: "One must visit this property and experience the captivating aura of light, views, grand scale and drama."</p>
<p>Mr. Simmons once shared the spacious, sunny loft with ex-wife Kimora Lee Simmons, whom he bought out for $2.3 million back in 2007 after the couple divorced. The listing is held by Corcoran brokers <strong>Deborah Grubman </strong>and <strong>David Dubin</strong>.</p>
<p>Ms. Grubman told <em>The Real Deal </em>that the property offered a unique opportunity to buy in the neighborhood before prices—post WTC completion—shoot up. You know that we're living in a hyper-gentrified city when $11 million is the getting-in early price.</p>
<p><em>kvelsey@observer.com</em></p>
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			<media:title type="html">Simmons selling spread for $11 M.</media:title>
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