Drew Katz, the head of Interstate Outdoor Advertising and son of "Inquirer" owner Lew Katz, has reportedly listed his penthouse in the SoHo neighborhood of New York City for $19.75 million.
Katz purchased the place for $6.12 million in 2007 when it was just a "raw space." He hired architect Edward Siegel of Cooper, Robertson & Partners and decorator Ernest de la Torre to re-do the whole place and opened the doors of the revamped home to the Architectural Digest in August 2013.
Katz got married to girlfriend Rachel in March 2013 who acknowledged that the home had a "masculine-luxe" spirit.
Talking about the house and Rachel's moving in with him, Katz told the publication:
"It's a bachelor pad but one that is trying to become a family home."
The listing of the residence lies with The Modlin Group noting that the architects "...seamlessly blended East-Asian inspired Midcentury modernism with a touch of Art deco glamour - a unique fusion of style that is beautifully reflected throughout..."
The residence is a 3,593 square-feet home, comprised of three bedrooms, two full and two half bathrooms. Interiors of the house feature soaring high ceilings, dark hardwood flooring with French doors and floor-to-ceiling windows.
Floor plans of the home show that the penthouse takes up the top three levels of the SoHo Gallery Building. The main level, on the sixth floor, has the kitchen, the living room, a study and a guest bedroom. Katz reportedly had a painting of himself (a close up by Francesco Mernini) installed in the guest bedroom just to creep the guests out.
"I thought it would be kind of funny to have me looking over the guest bed," he confessed to AD adding that a guest had it moved into the closet for a night.
The upper floor, which can be accessed by the unique "Jerusalem staircase", has the master suit with terraces on two sides and a hot-tub on one side. The top-most floor is a rooftop terrace restricted to recreation space with ample lounging area.
Check out some photos of the home here.
Katz is also an ardent philanthropist and has dedicated more than $1 billion to charitable agencies. He runs his own non-profit organization the "Drew. A. Katz Foundation."
Philanthropy runs in the Katz family.
"I grew up in a family of philanthropists. My mother had such a soft spot for those in need, like her hairdresser's children, whom she sent to summer camp; my father built Boys & Girls Clubs in Camden, New Jersey," he once told the Oprah Magazine.
