Reliance Industries Chairman Mukesh Ambani and Reliance Foundation founder and chairperson Nita Ambani PC: PTI
Mukesh Ambani is said to have bought a Tribeca building in New York City's trendy neighbourhood. The transaction follows two years since the Reliance chairman sold his two-bedroom condominium in downtown Manhattan for $9 million. Ambani sold that West Village home, which had a view of the Hudson River, in August 2023, the New York Post reported.
The building was purchased by RIL USA, the US subsidiary of Reliance Industries Limited, for slightly lower than tech mogul Robert Pera paid in 2018. Pera, who is the 47-year-old chairman and CEO of Ubiquiti, purchased the building for approximately $20 million that year, according to Curbed. Following his acquisition, Pera commissioned architect Eric Cobb to design a 17,000-square-foot mansion to encase the industrial building, but no such plan came to fruition.
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Pera resold the property in 2021, with approved architectural designs from Cobb and from Maya Lin Studios, for $25 million. The listing advertised it as "an exceptionally rare opportunity for an end user to construct a single-family mansion in an A+ location in the heart of TriBeCa."
Eric Cobb's design proposed a master suite occupying an entire floor with an adjacent workspace, an NBA-sized half-court basketball court, a double-height living room with views into the courtyard, and a formal dining room with a bar. Maya Lin's design proposed a 20,000-square-foot megamansion with seven bedrooms, 5,000 square feet of outdoor living areas, a half-Olympic-sized swimming pool, and a grand breakfast room, among other sumptuous extras.
Ambani's latest purchase underlines his growing global real estate interests while keeping the spotlight on Tribeca's status as one of New York City's most sought-after addresses.
