The Wall.St Journal 21Feb2020

THE WALL STREET JOURNAL. Friday, February 21, 2020 |M7

Billionaire Ken Griffin is

adding a Hamptons house

to his growing portfolio of

trophy real estate, this time

buying the oceanfront prop-

erty of fashion designer

Calvin Klein, according to

sources familiar with the

transaction.

The roughly 7-acre prop-

erty on coveted Meadow

Lane in Southampton wasn’t

formally on the market. The

price couldn’t be immedi-

ately determined, but an

agent familiar with the mar-

ket said the property could

be as much as $100 million.

The deal is in contract but

is not yet closed, according

to people familiar with the

circumstances.

The purchase is the latest

in the Citadel hedge-fund

founder’s aggressive real-es-

tate spending spree. Last

year he paid about $238 mil-

lion for a Manhattan pent-

house at 220 Central Park

South, setting a price record

for the nation. Over the past

few years, he has also pur-

chased a Chicago condo for

$58.75 million, a Miami

Beach condo for $60 million,

a $250 million land parcel in

FROM TOP: TAYLOR GLASCOCK FOR THE WALL STREET JOURNAL; PATRICK T. FALLON/BLOOMBERG; PICTOMETRY

Theroughly7-acre

compoundonMeadowLane

Palm Beach, and a $122 mil-

lion mansion in London.

Mr. Griffin, 51, was eye-

ing the property for several

years before making a deal

Hedge funder Ken Griffin,

above, is buying fashion

designer Calvin Klein’s house.

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PRIVATE PROPERTIES

with Mr. Klein, according to

a person familiar with his

plans.

The previous house on

the Calvin Klein site was

known as Dragon Head and

had a fortress-style design

largelyseenasaneyesore

by locals. The property was

once owned by the du Pont

family, then by Jane Holzer,

better known as the Andy

Warhol muse “Baby Jane,”

according to the book “Phi-

listines at the Hedgerow:

Passion and Property in the

Hamptons.”

Mr. Klein, 77, paid $28.9

million in 2003 to buy the

property from Francesco

Galesi, a real-estate executive,

according to public records.

He then tore it down to make

way for a massive modern

home. In a 2015 interview

with The Wall Street Journal,

Mr. Klein said his recently

completed Hamptons house

was “all about the views.”

Mr. Klein also has homes

in New York and Los Ange-

les. In 2017, he sold his Mi-

ami Beach home for $13.15

million.

—Katherine Clarke

and Candace Taylor

KenGriffintoBuy

In the Hamptons

NY