East London's Most Expensive Apartment Is a £17.5 Million Penthouse [BNN Bloomberg (Canada)]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
NASDAQ:AMEX Investor Relations:
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Source: BNN Bloomberg
This was in 2009, and the area was “a bit of a tumbleweed zone: distressed, and depopulated,” according to the Sunday Times. Handelsman saw potential and decided to invest in the neighborhood by developing the Manhattan Loft Gardens skyscraper, just a stone's throw from Stratford International train station and its high-speed rail connections. He tapped Burj Khalifa architect SOM for the project. “I like to be in the framework at the start of things, when you can still feel a little grit,” Handelsman says. The 74-year-old developer gained renown in the early 1990s, when he turned a derelict building in Clerkenwell into New York-style loft apartments. At the time, Clerkenwell wasn't known for being a desirable residential area; it has since become a vibrant neighborhood with buzzy bars, restaurants and pricey homes. Later, Handelsman worked on converting the St. Pancras Renaissance Hotel and partnered with Andre Balazs to create Chiltern Firehouse, a luxury hotel and restaurant f
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