Uber Co-Founder Travis Kalanick Buys Manhattan Penthouse for $36 Million

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Uber co-founder Travis Kalanick has purchased a penthouse in New York’s Soho neighborhood for about $36.4 million.

Uber co-founder Travis Kalanick has purchased a penthouse in New York’s Soho neighborhood for about $36.4 million.


Photo:

The Boundary with No & Associates

Travis Kalanick, co-founder of ride-hailing giant Uber who was pushed out as chief executive by investors last year, has inked a deal to buy a glamorous New York City penthouse for about $36.4 million, according to people familiar with the deal.

The Soho penthouse is located in an under-construction building on Broome Street, in a building designed by Pritzker Prize-winning Italian architect Renzo Piano. It was on the market for $40.5 million, The Wall Street Journal reported in April.

The four-bedroom apartment measures 6,655 square feet and will have a private elevator that opens into the unit, floor-to-ceiling windows and two terraces leading from the entertaining spaces. It also will have a rooftop terrace with a private 20-foot heated outdoor pool and an outdoor kitchen.

Mr. Kalanick was the ride-hailing giant’s CEO until being pushed out by investors last year.

Mr. Kalanick was the ride-hailing giant’s CEO until being pushed out by investors last year.


Photo:

Joshua Roberts/REUTERS

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The building, which is slated to be completed by the end of the year, will include a private covered porte-cochere with a mechanical parking system that moves cars into a garage. There will also be a fitness center and a 55-foot pool.

Italian real-estate firm Bizzi & Partners Development is developing the project in partnership with Aronov Development and Halpern Real Estate Ventures. Douglas Elliman Development Marketing is leading sales at the building.

A spokesman for Douglas Elliman declined to comment, and the developers didn’t return calls for comment.

The deal comes less than a year after Mr. Kalanick, 42, announced he was forming a new venture fund called 10100 (pronounced “ten one-hundred”) that would invest in e-commerce, real estate and companies in China and India. Mr. Kalanick is backing the fund with his own money, having sold approximately 30% of his stake in Uber to

SoftBank

for around $1.4 billion earlier this year, The Wall Street Journal reported.

The penthouse apartment has a rooftop terrace with a private heated outdoor pool.

The penthouse apartment has a rooftop terrace with a private heated outdoor pool.


Photo:

The Boundary with No & Associates

His resignation from Uber came amid a number of scandals and setbacks at the startup including allegations of a bruising workplace culture.

Mr. Kalanick splits his time between the Los Angeles area, where his fund is based, and New York, according to a person familiar with his situation.

Write to Katherine Clarke at katherine.clarke@wsj.com