Press

January 8, 2007
The New York Post
Big Bonus? You da Mansion.
By: Mark Bullet

Ultra-wealthy Wall Streeters wondering what to do with their hefty holiday bonuses may be interested in netting this ultimate "ego-trophy" — a 41,000-square-foot "couture-ready mansion" newly built in Greenwich, Conn., with the bonus boom in mind.

The $25 million megamansion — billed as the largest in Greenwich and built on nine acres of prime "back country" — is set to hit the market at the end of the month, specifically timed for just after Wall Street's massive bonus season, a source familiar with the marketing strategy explained.

"It's an ego trophy," said John McIlwain of the Urban Land Institute. "And a lot of people who are making that kind of money, who are CEOs, like to have trophies. I think that makes it more attractive.

Two Connecticut real-estate speculators — Joseph Beninati and James Cabrera of Antares Investment Partners — built the mansions on spec. Dubbed Lake Carrington Estate, it includes everything from a lap pool to a 5,100-square-foot guest house.

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