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01.12 - 03:13
New York billionaire told to revise plans for ‘temple to a titan’ penthouse
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The billionaire hedge fund manager Bill Ackman has been told to revise his plan for a penthouse apartment on top of a historic Manhattan building after his neighbours complained that it looked like “a Malibu beach house that got blown on to our New York roof”.
Ackman, who has built up an estimated $3.3bn (£2.5bn) from his hedge fund Pershing Square Capital Management, failed to convince New York’s Landmarks Preservation Commission to approve the Norman Foster-designed two-storey penthouse atop an Upper West Side building overlooking Central Park.
Sarah Carroll, the chair of the commission, told Ackman that the design had provoked such strong feelings from local residents – who described it as looking like a “flying saucer” or “temple to a
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