The Hadid Clan Really Wants to Live in Hell (Square)

Posted on: April 1st, 2019 at 5:09 am by

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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