Kinky retail architect Peter Marino is no square, but his daughter’s a different story: Isabelle Trapnell Marino just picked up a two-bedroom condo at the sleekly rectangular Morris Adjmi-designed 250 Bowery.
Scooping up the apartment for more than $2.2 million, we’re guessing that the 21-year-old Ms. Trapnell Marino—whose father teared up in an interview when he mentioned that she gave up her art history major for anthropology—got a little help from mom and dad with the purchase.
Despite its infelicitous name—the Schumacher sounds disconcertingly like something one buys at a medical supply store—the handsome condo conversion at 36 Bleecker Street has had a very successful debut since coming on the market last month. (It’s not quite as luxe, but the development’s strong performance right out of the gate reminds us of a certain condo conversion on Gramercy Park).
Almost immediately, four of the former printing factory’s 20 units went into contract and now a massive “mansion” combo clocking in at 8,719-square-feet has also been spoken for, according to Olshan Realty’s weekly luxury market report. Indeed, Streeteasy confirms that a “reservation agreement” has been signed on the two mansions—presumably overinflated downtown speak for maisonettes given that the listing boasts of a private entry and “prime frontage along charming Mott Street.” (Besides one undeniably fetching tree, the stretch of Mott still leaves something to be desired in the way of charm, but we’re sure that the flood of money washing over the block in the near future will change things.)
To seasoned retail brokers, the very concept of the next big neighborhood in a city that has been developed several times over is, well, naïve. Still, as The Commercial Observer recently learned, most are still looking for a reason to believe.