Investment manager Michael Tennenbaum has listed his five-story Colorado glass castle at $13.9M, Los Angeles Times reported.
Built in 1988, this unique home was designed by Malibu-based architect, Ed Niles which Tennenbaum commissioned himself, notes the Times. The Vail home standing on a one-fourth of an acre, adds an industrial-inspired look to the residential home of the known financier.
Situated in the ski community of Colorado, the more than 5100 sq. ft of a home is a sure standout with its "cubes of glass and 30-foot translucent-topped towers," described the outlet. The ski vacation home showcasing "exposed steel beams and columns," includes five bedrooms, five baths, a dining room with three glass panels offering different views, and a great room, the news site added.
Being a skiing aficionado himself, it is not a surprise that Tennenbaum would have chosen a spot on a high land to build his home. However, several of his own neighbors, residents in the Bavarian-style ski community, didn't like the glass-tower of the the investment manager, said The Wall Street Journal. However, despite being criticized by many of his neighbors, the plan passed the design review board and so it was built in the ski community. The glass-tower overlooking mountain slopes made Mr. Tennebaum very proud as he told the WSJ, "The whole house is a window."
The Wall Street Journal added that this truly unique home may be one of its kind in many more years to come as its architectural design would not pass the current review board. Georger Ruther, the director of community development explained that this design would not be admitted by the board today because too much "use of glass exceeds current building standards."
Even the owner himself knew that this property may not fit everyone's taste, noted WSJ. Tennenbaum said, "If you don't like it, you don't care." When he built it, he only thought about the style that suited his and his wife's tastes and did not think about its resale purposes.
Aside from this property, Tennenbaum has a Malibu oceanfront home which boasts a swimming pool equipped with high-shooting fountains, reported Bloomberg.
But how does he go to his home in Vail, Colorado? With his own private Challenger jet, of course. Tennenbaum can go to the grand glass residence in no time, the news site added.
With Tennenbaum selling his slopeside home, this just means toning down on skiing--- is he retiring soon from investing as well?
"Ski racing is exciting, but there's nothing more stimulating than investing," Tennenbaum explained to Bloomberg.
He added, "When you like something this much, you don't mind coming into the office."
The 78-year old manager is the founder of the Santa Monica-based alternative investment, Tennenbaum Capital Partners, which has reportedly invested on more than $14B projects since its inception in 1996, according to LA Times.
