A New Phat Farmhouse?
Now that they’ve made a deal to sell their immense Liberty Street condo and put their 35,000-square-foot Saddle River, New Jersey, estate on the market—on sale for a rumored $20 million-plus—could music mogul Russell Simmons and his wife, Baby Phat designer and model Kimora Lee, be looking to reconcile in a downtown condo? (They’ve officially announced that they’re separating, but the gossip columns have been suggesting that they’re back together.) Sources say Russell was spotted—on his own—touring a three-bedroom, four-bath loft in Soho. It’s a 3,200-square-foot penthouse duplex on Wooster Street listed with Corcoran’s Patricia Cliff, largely built around a suburban-style “great room” that opens onto a 79-foot terrace with its own wood-burning fireplace. Their broker, Lisa Maysonet of Prudential Douglas Elliman, would say only that the couple are in the “exploring stages and they don’t know where they’ll end up.”