When is too much too much? It’s a
question the tiny hamlet of
Hastings-on-Hudson is asking these
days. The town will boast one of the
largest and most valuable homes in the country when hedge fund founder David E.
Shaw's new residence is completed according to rivertown‘s daily voice.
Shaw's Rivertowns residence, which is perched on a hill with
a panoramic view of the Palisades overlooking the Hudson River, is being built
on several prime properties along a stretch of Broadway just south of the Dobbs
Ferry-Hastings line. The founder of D.E. Shaw & Co. had been planning the
large house for several years. Early
reports estimated the home would cost $75 million, but the value of the home
will be fully assessed when construction is complete. The 4.5-acre estate will
include a 30,000-plus square-foot single-family house, said Hastings building
inspector Deven Sharma. The land previously held two houses and a swimming pool
that were removed to make room for the new project, according to Planning Board
documents…
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