Billionaires’ Row Condo Requires Its Residents to Spend $15K a Year at Private Restaurant
Plus, Deb Perelman and Melissa Weller team up on a pastry box at Gertie and more intel
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Shaun Hergatt’s private restaurant costs $15,000 a year. And breakfast is no longer free.
As part of a new requirement in 2021, residents at 432 Park one of the wealthiest addresses in the world must now spend $15,000 a year at the building’s private restaurant run by Michelin-star chef Shaun Hergatt. The service has never been cheap: Property owners were required to spend $1,200 each year at the residents-only restaurant when the building opened in 2015. But over the last five years, residents say the requirement has surged by more than 1,200 percent and, to top it all off, breakfast is no longer free. The