Hamptons Celebs Buy, Sell and Decorate Real Estate

From South O’ the Highway this week, in the May 29, 2015 issue, Hamptons celebrities buy and sell real estate, and lead the interior design charge.

Amagansett resident Paul McCartney and wife Nancy Shevall have reportedly purchased a penthouse duplex on Fifth Avenue, which was listed for $15.5 million and features wraparound balconies and views of Central Park.

East Hampton’s Jon Bon Jovi has reportedly found a buyer for his Manhattan penthouse. On the market since 2013, the 7,452-square-foot, six-bedroom condo was listed for $37.5 million.

In other Jon Bon Jovi news, the rocker received an honorary doctorate of letters from New Jersey’s Rutgers University last week. The rocker was recognized for his entertainment career as well as his ongoing efforts to combat poverty and homelessness. Bon Jovi performed a new song, “Reunion,” during the ceremony, and told the graduates it was a gift to them.

J.Crew CEO Mickey Drexler is reportedly selling his Montauk estate. Once the home of Andy Warhol, the property includes several houses, 5.6 acres and 600 feet of ocean frontage. Asking price is estimated to be approximately $85 million. And…East Hampton’s new J. Crew store is scheduled to open next month on Newtown Lane.

After playing for the New York Rangers and interning at Vogue magazine, Hamptons resident Sean Avery has switched vocations again, and is now building and decorating houses in Southampton Village. His first project, on Prospect Street, is reportedly almost finished and will be sold fully furnished.

East Hampton interior designers Tamara Stephenson and Susan Young are launching an American-made home accent and décor brand called Root Cellar Designs. Their first collection, “Fashion Forward,” debuted at four recent New York charity events and will also be appearing at the Southampton Fresh Air Home Gala on June 16.