Holidays must present a conundrum for Tiffany CEO Michael Kowalski, since we imagine his wife already has some diamond earrings.
So what about a $2.4 million condo in brand-new 1 River Terrace? Mr. Kowalski and his wife, Barbara, have bought a two-bedroom, 1,600-square-foot gem on the building’s 27th floor. The Kowalskis currently live in Kinnelon, New Jersey, so we suspect this could be a pied-a-terre–a splurge, perhaps, given that the company’s profits have soared of late.
The charmless building in Battery Park City is 85 percent sold, according to StreetEasy.com, and most units have been going at respectable prices. But not all that glitters is green, apparently, as buyers are suing the developer claiming the building’s LEED-certified amenities are not as promised.
Perhaps Mr. Kowalski can offer the building some tips on burnishing its image.