Fendi Heir Bags Buyer for Bloomberg Building Apartment

Uptown really has lost its luster, at least for one fashionable apartment owner.

Luca Formilli Fendi has just sold his 33rd-floor two-bedroom at One Beacon Court, a.k.a. the Bloomberg Building, according to The Journal. The heir to the Italian handbag house made less than the $7.75 million he was initially after two years ago but still saw a 38 percent return from when he first purchased the apartment in 2005 for $4.4 million, according to StreetEasy. The final price, which was cut and raised a whopping six times over the past two years, was $6.1 million

“I suggested he sell it. Anytime I was close to the price he wanted, he would raise the price,” Formilli Fendi’s broker, Giampiero Rispo, told The Journal. “He finally accepted this price because he wants to buy something more impressive downtown now.” Looks like he’s following the lead of Kelsey Grammer and so many others who now know downtown is where it’s at.

But while his neighborhood may have lost its cachet, Mr. Fendi’s former apartment is not wanting for impressive details. Thanks to the kinked facade of the Cesar Pelli-designed tower, there is an all-glass breakfast nook jutting out of the apartment as well as East River views in both bedrooms. The lucky buyer had better like sunrises.

SLIDESHOW: Inside the Former Fendi Fortress. >>

mchaban [at] observer.com | @mc_nyo

Fendi Heir Bags Buyer for Bloomberg Building Apartment