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Jed Walentas buys Noho PH for $12M

by admin on January 23, 2018
Jed Walentas buys Noho PH for $12M
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7 Bond Street and Jed Walentas

Jed Walentas appears to be the new owner of a Noho penthouse designed by its former owner as a “healthy living retreat.”

According to property records, the Two Trees Management principal — using an LLC dubbed 7 BND ST LLC — paid $12 million for PHAB at 7 Bond Street. At just over 3,000 square feet, the purchase price works out to $3,912 per square foot.

The seller was hedge funder Jason Pickard, who paid $9.2 million for the condominium unit in 2013. Pickard originally listed the apartment in September 2016, asking $14.5 million. Nest Seekers International’s Ryan Serhant and Amy Herman had the listing.

Designed by a Feng Shui master, the penthouse was renovated as a “healthy living retreat,” featuring naturally-sourced and reclaimed building materials, sound-dampening windows and filtered water throughout the apartment. The 1,200-square-foot terrace has built-in speakers, “mood lighting” and an irrigation system. In 2013, Pickard told Architectural Digest that he designed the pad to be “organic, nature-friendly and peaceful.”

Neither Walentas nor the brokers immediately responded to requests for comment.

Walentas — who currently lives in Soho — runs Two Trees, the firm founded by his father, David, in 1968. Two Trees’ current projects include the $3 billion redevelopment of the 11-acre Domino Sugar refinery in Williamsburg. Two Trees is also leasing up 300 Ashland in Fort Greene. In September, Two Trees landed a $100 million loan from Wells Fargo to refinance its office building at 55 Washington Street — home of Vice Media.

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