In 1977, 12-year-old Kimberley Rawlings suggested the name Otis Spunkmeyer for her parents’ nascent cookie business. The name stuck and so did the cookies—not to the baking tray, but to American appetites, growing from a single store in Oakland into the No. 1 frozen cookie dough manufacturer in the U.S., currently providing baked goods to more than 100,000 wholesale customers, including American Airlines and the U.S. military (and you wondered why the defense budget was so large).
Founded by Kimberley’s parents, Kenneth and Linda Rawlings, the company’s success largely hinged on the move from retailer to wholesaler and Mr. Rawlings’ revolutionary approach to marketing frozen cookie dough to wholesale customers. Unlike competitors’, their frozen cookie dough shipments included the loan of a preset temperature oven, pre-sliced cookie dough and brand marketing materials to fuel impulse cookie purchasing.
This move from retailer to wholesaler took place in the mid-1980s. According to city records, Ms. Rawlings is making another move, selling her high-floor three-bedroom at tony Upper East Side condominium the Chatham for $6.3 million to Jules Jergensen watch heirs Roberta and Deborah Clayman.
The apartment, which was on the market for only 17 days, according to the Web site Streeteasy, was listed at $5.75 million, more than half a million dollars less than the recorded payment price. Certainly high-floor units at the swank Robert A.M. Stern-designed, amenity-rich condo are rare and quickly coveted, but does this $500,000 price jump spell bidding war? Unfortunately, we may never know, considering that Brown Harris Stevens‘ listing agent Mike Lubin and the buyer’s agent, Douglas Elliman‘s Doreen Courtright, both declined to comment for the article.
Roberta and Deborah Clayman, widow and daughter, respectively, of Morton Clayman, longtime owner of the Jules Jergensen watch company, will be able to enjoy citywide views through “oversized picture windows” as well as “soaring” ceilings, individually climate-controlled rooms and “multiple” walk-in closets. Oh, how Carrie Bradshaw would be jealous, but I guess that’s just the way the cookie crumbles.
Meanwhile, just four blocks north, another gourmet-grateful homeowner also sold. Karine Bakhoum (pictured) unloaded her apartment at the Art Deco 205 East 69th Street. One of the city’s leading restaurant publicists, Ms. Bakhoum has counted Jean-Georges Vongerichten, Bobby Flay, Jeffrey Chodorow (of China Grill acclaim) and chef Patricia Yeo as clients.
The Egyptian-born Ms. Bakhoum (her father is Coptic Egyptian, her mother American) is a regular judge on the Food Network’s Iron Chef America and, in 2007, famously insured her palate with Lloyd’s of London for $1 million (the company has insured Celine Dion’s vocal chords and Keith Richards’ fingers, but Ms. Bakhoum marks the first seven-figure palate).
According to city records, Ms. Bakhoum, who is distantly related to former U.N. secretary general Boutros Boutros-Gali, recently sold the “beautifully appointed,” three-bedroom Upper East Side co-op for $1.775 million to Andrew and Michelle Rubel (it was originally listed for $1.875 million). “I put in the cook’s kitchen!,” Ms. Bakhoum told The Observer. “It was a galley kitchen, and we knocked out a maid’s room and expanded it and made it state of the art.”
Of whether the new buyers will use the kitchen as often as Ms. Bakhoum, Halstead listing agent Rose Tallis said, “Well, it was one of the features that highly impressed them. Everyone just loved it. Mrs. Bakhoum did a lot of entertaining, so the kitchen allows for a lot of people to gather in the kitchen, which is nice for the buyers as they are a family with children.”