What's Happening?
Giorgio DeLuca, co-founder of the luxury boutique grocer Dean & DeLuca, has listed his Hudson Square penthouse duplex for rent at $25,000 per month. The property, located at 40 Renwick St., is available for the second time since the building's conversion
to co-ops in 1994. The 3,900-square-foot space features a 2,100-square-foot wrap terrace, a chef’s kitchen, and a 1,000-bottle wine cellar. Dean & DeLuca, which launched in Soho in 1977, filed for bankruptcy in 2020 after being sold to Pace Development in 2014. The brand continues to exist under license in countries like Japan and Thailand.
Why It's Important?
The listing of Giorgio DeLuca's penthouse highlights the enduring legacy of Dean & DeLuca, a brand that once epitomized luxury grocery shopping in the U.S. Despite its bankruptcy and closure of U.S. stores, the brand's name still holds value internationally. The real estate move also reflects the high demand and premium pricing for unique properties in Manhattan, underscoring the city's real estate market's resilience and appeal. This development may attract affluent renters seeking exclusive living spaces in New York City.
