The Hadid Clan Really Wants to Live in Hell (Square)
Sister models Gigi and Bella Hadid, along with their model mother Yolanda, might together take up residence inside Ben Shaoul’s gold-bricked development at 196 Orchard Street. The family has been searching for a Lower East Side residence that can accommodate this “compound” lifestyle. Hell Square could be the place.
According to a tabloid bit in the New York Post last week, the Hadids might combine a 1,500-square-foot, two-bedroom unit with a large terrace ($4.2 million) with a 2,048-square-foot, three-bedroom unit with a separate terrace ($6.5 million).
Gigi Hadid, for her part, is no stranger to Lower East Side living. She once lived at 250 Bowery, but sold her apartment back in 2016.
The mixed-use project at 196 Orchard took nearly five years from start to finish. Landlord Ben Shaoul, along with Real Estate Equities Corp., together purchased the gargantuan assemblage of twelve single-story stores in 2014 from the Magnano family (which owned and operated the Ray’s Pizza), plus the valuable air rights from Katz’s Deli, for a combined $75 million. (Katz’s Deli reportedly made off with $17 million of the total.)
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