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A fashion industry titan is parting ways with a sky-high New York City residence. Giancarlo Giammetti, co-founder of the legendary Valentino fashion house, has listed his Sutton Place-area penthouse for $17.5 million, according to a Monday release.
This price is already set at a loss, since Giammetti purchased the unit back in 2010 for $18.5 million, property records show.
Giammetti, 83, founded Valentino at age 18 with Valentino Garavani in 1960 — the year they met. Valentino, an Italian fashion house, has long been synonymous with luxury. Its garments have adorned the likes of A-listers for years — including Anne Hathaway, Jennifer Lopez and Lizzo.
Needless to say, this penthouse perch doesn’t shy from high style.
Set on the 54th floor of One Beacon Court — a gleaming tower designed by architect César Pelli and known for its private motor court and panoramic skyline vistas — the apartment offers sweeping views that span Central Park to the East River.
Made up of three bedrooms and 3.5 baths, the corner unit occupies one of the building’s most desirable positions, with nearly every room lined in floor-to-ceiling glass and — that said — is flooded with natural light.
The residence was customized by renowned French interior designer Jacques Grange, a longtime collaborator of Giammetti’s and a favorite of the international fashion and art elite.
Inside, the home spans approximately 3,800 square feet — anchored by a 77-foot stretch of interconnected formal living, dining and library spaces ideal for entertaining on a grand scale. A rectangular entrance gallery sets a stately tone on arrival.
The primary suite is positioned to maximize the Central Park views, with a spacious 29-by-15-foot bedroom, a spa-inspired marble bath and a dressing room outfitted with extensive built-ins.
Two guest bedrooms, each with an ensuite bath, sit in a private wing.
A sleek kitchen by Poggenpohl features top-tier appliances and a cozy breakfast nook with east-facing morning light.
Additional highlights include a guest powder room, a laundry room, plus three separate entrances to accommodate residents, staff and guests alike.
Giammetti spared no expense during the renovation, which incorporated motorized shades, museum-quality lighting and an audiophile-level sound system.
According to the listing, the apartment is move-in ready and designed for effortless daily living with a luxury aesthetic.
One Beacon Court, which rises above the Bloomberg Tower near 58th Street and Lexington Avenue, has long attracted celebrity and business world buyers thanks to its privacy, security and panoramic views.
Past residents have included Beyoncé and Jay-Z, Mets billionaire owner Steve Cohen and former General Electric CEO Jeff Immelt.
Allison Bandier Koffman and Juliette Janssens of Sotheby’s International Realty, and Martha Kramer of Brown Harris Stevens, hold the listing.
English (US)