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Who says being a young designer doesn't pay? Not Alexander Wang. The young designer has seen unprecedented success and expansion over the past few years, garnered endless press accolades, and a huge fashion following.
This past Monday, the same day he collected the CFDA Swarovski Accessories Designer of the Year award, Wang closed on a $2 million one-bedroom apartment on Worth Street in Manhattan's Tribeca neighborhood—a property that previously belonged to Holly Brubach, author of the legendary fashion-student must-read A Dedicated Follower of Fashion and former New York Times Style Editor.
Like real estate porn? The NY Observer has the scoop:
The one-bedroom, two-bathroom apartment at landmarked 39 Worth Street features all the faux-former factory aspects of the pseudo-industrial rusticity Tribeca buyers go gaga for: exposed brick, original tin ceilings, even mullioned windows. The floor plan includes a "huge" open dining/living room; a handsome-size office; and a "sun-splashed" master bedroom with a chef's kitchen featuring—what else?—industrial stainless steel and hardwood with a double-wall oven and Gaggenau cooktop. The building also features a luscious roof deck and "abundant" storage.Of course, this is not the first major real estate transaction Wang's undertaken. During Wang's sophomore year at Parsons, he bought a one-bedroom loft in the East Village for $675,000, which he sold last fall for $750,000.
· Alexander Wang Buys Former Times Style Maven's Co-op [NYO]