Bill Ackman won approval to build his glass penthouse atop a historic Manhattan co-op tower—in a scaled-down form.
The billionaire hedge fund manager said initial opposition to his plans for a Norman Foster-designed structure made the final proposal better. After two rounds of revisions to address complaints about its visibility from the street, the New York City Landmarks Preservation Commission on Tuesday gave the green light to the project.
Ackman and his wife, Neri Oxman, want to replace an existing pink stucco box on the century-old, brick co-op’s roof.
“We love NY, which makes us particularly pleased to get the apartment approved,” Ackman said in an email
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