Designer Thierry Despont drops the price on Tribeca townhouse


World-renowned designer Thierry Despont has worked on many high-profile projects during his career, such as the restoration of the Statue of Liberty, the $450 million renovation of the Ritz Paris, and the interiors of the exclusive 220 Central Park South condominium in New York City.

But apart from his professional life, a buyer can now live like him. Despont has dropped the asking price of his high-gloss Tribeca home. Once asking $24.99 millionIt’s now on the market for $19.49 million.

The charming five-story townhouse, at 182 Franklin St., was built in 1915 and comes with air rights to the sixth floor. Despont, who bought the townhouse 25 years ago, transformed it into an eclectic and colorful mecca reflecting her personal style. He is also providing his design services to the buyer at an additional and undisclosed cost.


The five-story Tribeca townhouse was built in 1915.
The five-story Tribeca townhouse was built in 1915.
Courtesy of VHT

Attractive library and lounge area with fireplace.
Attractive library and lounge area with fireplace.
Courtesy of VHT

The designer bought the townhouse 25 years ago.
The designer bought the townhouse 25 years ago.
Courtesy of VHT

At 10,000 square feet, the home opens to a foyer that leads to a staircase and an elevator.

The rear portion of the first floor is currently configured as an artist’s studio, but it could also be a children’s playroom, a media room — or a swimming pool, the listing notes.

A master bedroom suite takes up the entire third floor and includes a marble bath, a dressing room, a sauna, and plenty of closet space. A fourth-floor formal dining room can also be transformed into a billiards room adjacent to the kitchen. There is also a great room on the fifth floor with 15-foot ceilings.


a billiards room.
a billiards room.
Courtesy of VHT

The Chef's Kitchen at the Tribeca Townhouse features a fancy eat-in kitchen.
The Chef’s Kitchen at the Tribeca Townhouse features a fancy eat-in kitchen.
Courtesy of VHT

The property is a generous 10,000 sq. ft.
The property is a generous 10,000 sq. ft.
Courtesy of VHT

Design details also include two wine cellars, three gas fireplaces, and a basement with laundry room. The neighborhood includes residents such as Taylor Swift, who amassed approximately $50 million worth of properties at 155 Franklin and 153 Franklin. As previously reported by Gimme Shelter,

Flamboyant French Designer has also listed his $23.5 million Hampton House. No comment on why he’s selling any of them – or where he plans to go.

Douglas Elliman’s Ruben Schatz, Alexander Boryskin, Cameron Begg and Michael Lauber hold the listing.

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