fashion designers

Blonde Ambition
Vogue UK, GQ, Tatler, House & Garden Living
January 2009

By Julie Earle-Levine


IVANKA Trump, daughter of America’s real estate mogul, ‘The Donald’ takes long, stork-like strides towards me, her sky-high legs in six-inch heels gliding gracefully, her mouth slightly pouty, leaving a trail of remarkably shorter assistants in her wake. After all, Trump was a model before she realized her real estate ambitions.

The 26-year-old blonde has the impressive title of Vice President of Acquisitions and Development at the Trump Organization, in New York. She regularly appears in magazines offering tips on topics including ‘How to Be Rich, Sexy and Famous,’ but this Wharton graduate takes her career very seriously.

Trump is involved in 70 plus projects in the US and offshore, that require her to jet around the world, and to oversee meetings in the boardroom and on construction sites. How is she received? “Somebody may dismiss me because I’m young, blonde or female, but that can be used to one’s advantage,” she says, gazing coolly over her very large latte. Those close to her say she is also a fierce negotiator. “Ivanka holds her own in any meeting and what you see - a beautiful young blonde - is not what you get,” says Dolly Lenz, the top broker in America.

As a child, Trump spent some weekends on construction sites with her father or grandfather, often on a dump truck and she says she loved it. Some believe she may grab the top spot if her father ever hands over the reigns of the family’s real estate empire. Ivanka has two brothers, Donald Jnr, 30, and Eric, 23, who also work for Trump. She joined Trump in 2005, after working for developer Bruce Ratner on a large, mixed use shopping centre. “I wanted to get a sense of my self-worth and what I could accomplish, with or without my last name.”

It was not until she started working for her father, her “greatest mentor” that she really dug her heels in. “He has always pushed me to think, and dream bigger and bolder.”
In an interview in her 25th floor office with soaring views of Manhattan’s skyline and surrounded by photos of her family, layouts of a new development, and a thick manila folder marked with a long ‘to do’ list, Ivanka explained how her father convinced her to come on board. “He would send me renderings of the Trump Chicago project with a note – you could be working on this. Chicago was the siren call.”

She insists she is not just the pretty face in advertisements, but is involved in evaluating deals to pre-development planning, construction, marketing, operations sales and leasing.

What is she working on these days? Other than Chicago, Ivanka is spearheading a push by Trump to manage more of their new hotels. There are more than a dozen in the pipeline that are based on a template of Trump’s Central Park West property, including Las Vegas, a 1300-room hotel opening in March and a Fort Lauderdale, Florida that will open in January 2009. Offshore, there is Toronto, Cap Cana in the Dominican Republic, the just-open Istanbul Trump Towers complex in the city’s Sisli district and Dubai, a 61-story building and units. Trump also has its first project in Europe under way, in Scotland that will include a 450 room, five-star hotel, plus 500 single family homes, holiday homes, golf villas plus a golf course. Trump says she spends time on all of these but recently has been particularly focused on opportunities in China. “I have been going to China and meeting there with the ‘Donald Trump’s’ of those areas. It is a very important market and we want to do it right.”

Which brings us to a controversial project, Trump Soho, a 46-story building that has had a construction worker death, and upset locals who don’t like skyscrapers. It is five times the height of any building around it. Trump is naturally defensive. “There is a certain tone in the city due to a number of real catastrophies that are happening on a monumental level. We are being very cautious, and expect an elevated level of commitment to safety. We are certainly not exempt.”

She believes that Trump Soho is in fact “a great example of doing it right.” It is commanding $3,000 a square foot – top dollar – in a recession hit market. Some say the Trump brand has added $1,500 a square foot value. Trump said it is because there are 360 degree views from every floor with a hotel unit, and an amazing top floor penthouse. “It is very, very cool, Rockwell design.”

At a press conference with her siblings Trump emphasized that the company has an extremely solid track record, unlike many developers with no experience who were “just doing stuff” “We are building great hotels and now we are ramping up our hotel management position in the past two years. It has to be great. We can’t have failure.”

In August, Trump said that the building was about 57 per cent sold, mainly to European and South American buyers. The remainder are Americans, who want a chic pad in the city when they visit.

The ads for Trump Soho, plus others recently including Trump Ocean Club in Panama where she spills out of a strapless black evening dress wearing her jewelry (yes she has her own brand) are Trumpish, showcasing the biggest and best of everything you can get.

“I was part of marketing effort to appeal to a younger, more hip crowd.,
says Ivanka, who does live in a Trump building, but will not live in Soho. “I’ll be spending a lot of time at the Soho property because there is a great spa and restaurant.” The building is trendy, but elegant. “Really there is nothing five star downtown. You can stay at the Mercer – it is a great hotel but you are sacrificing amenities and space. It you are staying at Trump uptown, the difference is phenomenal. The views we are offering are not typical of the area.”

Sales are strong, she said. And what of the recession that is finally affecting even luxury real estate in resilient New York? Is the luxury property boom really over? In true Trump form, Ivanka says, “The world is changing. This brings both opportunities and challenges.”

ends

Stylish Traveler - Louise Olsen, Dinosaur Designs
January/February 2009

Jewelry and home wares designer Louise Olsen is an avid traveler, splitting her time in Sydney, Tokyo and in New York, where she has an apartment. Here she reveals some of her most treasured finds for global shopping. By Julie Earle-Levine


SINCE Dinosaur Designs’ launch more than 20years ago at Sydney’s Paddington Markets, stunning, hand-sculpted resin jewelry has been turning up on chic women (and men) all over the world. DD co-founder and Sydney-based designer Louise Olsen finds inspiration for the gorgeous, often vividly colored chunky bracelets, necklaces and lust-worthy home wares, in nature and art. When she shops for herself, she resists the ordinary. “I really try to stick to the rule of only buying a few very special pieces and leaving the rest for memory. I get a lot of pleasure from objects, so those I do buy, I must absolutely love.” Here, Olsen shares her top travel discoveries.

(extra if can include: Louise travels with her husband and business partner, Stephen Ormandy, who is also a painter, and their nine-year-old daughter, Camille.

The daughter of John Olsen, the renowned Australian landscape artist, Louise comes from a family that traveled a lot, living in London, Portugal and in Sydney. DD has stores in Sydney, Melbourne, Nolita in New York and sells at 20 stores worldwide, including Tokyo Design District, Bergdorf Goodman in New York)


HOTELS
My favourite hotels are in Bali. At Bali Amandari (Kedewatan, Ubud, Bali, Indonesia; (62) 361 975 333; www.amanresorts.com/amandari) you stay in these little huts right in the rainforest. It is very dense. There are these heady, incredible flowers, lush shaped leaves and Proteas, which are so wonderful to draw, so sculptural. I’m not a big beach person. Not a sun baker. More of a quick dip, then head off the beach and get into the sketching kind of person. The hotel is on the edge of a cliff, so you look down these valleys. It is so tranquil. It is lovely to go just for a lychee cocktail, or they do a beautiful range of Balinese teas. Oberoi Seminyak Beach ( Denpaser, Bali, Indonesia, (62) 361 73 0361; www.oberoibali.com) is another hotel that is very sensitive to its environment, to the Balinese culture, tradition and beliefs. My drawing book always comes back full after these hotels. I love spending time drawing the plants, insects and the most incredible butterflies. Both hotels are designed by the Australian architect Peter Muller, who worked with Jorn Utzon on the Opera House. He’s a wonderful architect who has lived in Bali a long time. The way he uses materials, like bamboo and grasses. It is just really beautiful.

FOOD
New York. I love to go to Bar Pitti (268 Sixth Avenue; 212-982-3300) I love the buzz and the energy of it. You get a great sense of New York there. The waiters are cheeky, but fun and nice. You have to go early to get a place. The food is wonderful, simple food. The truffled pastas, using very simple olive oil with white sauce and pasta with truffle on top is so good. It’s very rich. I usually get it and share it. I love Bar Pitti for lunch or dinner. It just has great street life. One of my favourites is Cafe Gitane (242 Mott Street, Nolita, 212-334-9552) I love the Moroccan and New York feel it has. It is just down the road from the store, and the apartment, so it has become a lovely local place. Makes me feel really great as well, we love the owner, Luke, we are always talking about the street and all the things we can do. I love their orange blossom waffles. If Yoshi is on the coffee machine, you are set. In Brooklyn, we go to Lucali, (575 Henry Street, Caroll Gardens; (718) 858-4086) The man who makes the wonderful pizza is Mark, and it’s his restaurant. The store that is the restaurant used to be his favourite lolly story when he was a kid living in Brooklyn. It is just amazing. They don’t have any refrigerators there. They bring it in fresh that day. They make tomato purees by hand. There are boccocinis in big white bowls, tomato puree on the bench, the pizza man is working on a wooden table making the dough, by hand. You can see the whole process. If you come in with kids, he’ll give them some dough to play with. The menu often doesn’t stay the same. It is a matter of what produce you can get that day. The mushroom is very good. So is pepperoni. I go a lot since my friend has an apartment near there. When her son goes to sleep, he goes to his window and the ‘pizza man’ waves good night to him.

In Tokyo, I go to Tokyo Department Store, Shibuya (right on top of the train station) for the best tuna sushi bar. They just do it so well, incredible tuna. It is very, very fresh straight from fish markets. We wholesale in Tokyo so we have a long association there. We are part of store there called Idaye for lots of years, and have been in Tokyo designers block for three years. We have a real love for Tokyo and often do JAL, nine hours to Tokyo, and then stop to see friends en-route to New York. We go for at least for a week a year. I really feel at home now. It is a very exciting exhilarating city. It is very hard to give addresses. They don’t have map system like we do. Trickier, so you do need a bit of a map or you can ask the policeman in each area


SHOPPING

Tokyo. It would have to be one of the best places in the world for gifts. It has such an incredible culture of gift giving to show gratitude towards each other. It is always important to take lots of gifts with you as well! I go to Cibone (Aoyama Bell Commons B1 2-14-6 Kitaaoyama Minato-Ku, Tokyo, 107-0061; (03) 3475 8017; www.cibone.com ) a beautiful homewares/design store. It has objects from all over the world, but with a beautiful Japanese sensibility. I have bought a lot of CDs from there. They have a really great selection of jazz, plus Brazilian, Cuban music in a collection of their own. They also do beautiful collection of own, beautiful colored towels, in incredible colors, wonderful cut out circles in them, really bright turquoise, bright coral red, deep luscious colors. At Tokyo Hands (Shibuya, 12-18 Udagawa-cho, (03) 5489 5111; www.tokyu-hands.co.jp/shibuya) a Japanese hardware store, where you can find everything you need to make anything, if you need wood, rope or string, light bulbs, kitchenware, cards, stamps, glue sticks, if you are looking for anything. Really handy things, a kitchen area, wonderful tea pots and great array of tea strainers, tea stirrers, I do like tea. Sushi roll section, buy bamboo mats to buy sushi, and other tools to make sushi and a wonderful array of knick knacks. There is an exercise section where you can buy exercise tights, back massagers and special foot socks that your toes can poke out of!



At Idee Store/ Cafe (Minami-Aoyama 6-1-16-3F, (03)-3409-6744) This design store has a lot of Italian pieces and Japanese. It is now owned by Muji, and has a little café attached. I love Sfera (D-0303 9-7-4 Akasaka Minato-ku, Tokyo; (03) 5413 3083; www.ricordi-sfera.com) beautiful hand-crafted Japanese objects that are purely Japanese design. The craftsmanship is wonderful, beautiful woven baskets that are finely, delicately done and beautiful hand blown glass pieces, wooden chopping boards.


ART

I always go to Lammfromm (Yamaguchi Bldg.1F 1-1-21 Uehara Shibuya-ku Tokyo 151-0064 ; (03) 5454-0450; www.lammfromm.jp) It is a beautiful contemporary art concept store with small works by Japanese artists. My daughter Camille really loves this store. The objects are very imaginative creations. Yayoi Kusama is just one of the artists we love. We always end up coming back with one of her dot sculptures or Daisy Face’s. There is an idea that the art world is not accessible, that it is hard to have a piece, but with this store, you can buy a beautiful, inexpensive piece and really treasure it. It is really wonderful art work by Japanese artists.




Louise on Shopping

Her other favourite stores:

New York, Moss (146 Green Street, www.mossonline.com) for design; for clothes, Butter (389 Atlantic Avenue, Brooklyn);

Tokyo, Comme des Garcon – one of my favuorite stores designed by Future Systems. There is a wonderful sense of translucent space moving in and outside itself. Being its flagship store, the collection seems to be the most extensive. They have one of a kind accessories ranges you don’t see in the other stores


Loveless – eclectic collection of fashion with a funny and playful twist with a very Japanese aesthetic. I also love Tsumori Chisato, the Japanese designer, who does the most wonderful prints, also has a very unique store in Aoyama.


Ends

ForbesLife

Amy Woods Brinkley
Julie Earle-Levine
Forbes Magazine dated September 29, 2008

As chief risk officer at Bank of America, the largest retail bank in the U.S., Amy Woods Brinkley spearheaded its recent takeover of the stricken mortgage lender, Countrywide Financial, just as the U.S. economy was heading downward. She will have a key role in defining the types of loans the new subsidiary will make and the growth model it will pursue as it is absorbed into the company.

Brinkley joined the bank 30 years ago in the commercial credit department after graduating Phi Beta Kappa from the University of North Carolina. She held a variety of positions in international banking, domestic corporate banking, and marketing, leading the consumer products group before assuming her current sector in December 2001. In 2005, she was awarded the top spot on US Banker magazine's list of "The 25 Most Powerful Women in Banking."

Why did you take on Countrywide?

Our company did very extensive due diligence. I've been involved in a lot of our acquisitions and I don't recall one that was more thorough. During that process I became increasingly comfortable; the problems at Countrywide were real, but they were also manageable. I always thought it would be a terrific strategic acquisition but the main question was whether we could handle the short-term challenges, and I think we can. I am excited about the longer-term opportunities.

And the impact on Bank of America (nyse: BAC - news - people )?

We understood there was significant reputation risk. That's why we promptly [made] certain changes that would mitigate that risk, such as the elimination of subprime mortgages and other nontraditional mortgages, pledging to work out loans wherever possible and working with community group partners. In the end, people need to judge us by what we do now and what we will do going forward.

But the estimates on write-downs for Countrywide's mortgages range from $8 billion to $30 billion. (Bank of America puts the figure at $12 to $13 billion.)

As we said a number of times, we did very extensive due diligence on the transaction, not only before signing but going back in before closing the transaction, and we believe the economics made sense and the market-share opportunity is worth the risk. We told investors in June that the purchase accounting adjustments will be in the neighborhood of $12 to $13 billion. Based on what we have contemplated, the acquisition would be accretive in the second half of this year. If we are wrong we will face some other losses in the future, but that would only delay the payback from the acquisition. Certainly I don't know that we bought at the bottom, but we clearly did not buy at the top of the market. So again, just before closing the transaction we revisited the economics and we are comfortable with what they tell us.

Where do you see the upside?

This transaction represents a rare opportunity to significantly gain market share, in this case in the mortgage business. We will have market share in the 20 percent range, in a business that is vital to consumers and to the economy.

Is it still hard convincing analysts about the deal?

I think some have understood [the purchase] better than others. Others will understand it more fully as time passes.

When will the mortgage crisis abate?

The single biggest question is when housing prices [will] stabilize, which is dependent on quite a few factors. I think we'll see some stabilization in 2009. I wouldn't try to call it into a quarter. We are battling a series of issues that stem from the impact of falling home prices, and that has created unprecedented illiquidity and extreme volatility in certain parts of the capital markets. Some areas are getting better: for example, liquidity in the leveraged loan market has improved. The bigger picture beyond housing and mortgages is the collective impact of higher energy and food costs [and whether that] results in a recession. We are not presently calling for that, but it is a close call.

As a chief risk officer, how do you calculate risk?

I certainly use many quantitative techniques based on probabilistic analysis. But it is also really important to use common sense and to not over-rely on models and historical evaluations of risk. I would describe it as balance of science and art. It's 70-30. I think there was a time when the quantitative approach worked better than it does today, and that is due in part to the increasing complexity of the global marketplace.

The industry is always good at lagging and coincidence indicators, but the best [people] are really good at reading the leading indicators and making informed judgments on that basis. Excesses in markets do come home to roost at some point, in some way, so learning from the past is also important.

And the pros and cons?

First of all, it's accepting that the most important decisions we make do involve tradeoffs--what appear on the surface to be equally imperfect, equally important choices, or partially right choices.

For instance, last year before the credit crisis hit, we didn't like where the leveraged finance market was going and we didn't like the deal terms being granted. Earlier than most, we became more selective. We faced losing potential revenue because the market was continuing to grow, but we had to weigh that against what we were beginning to see. We thought it was the right time to reevaluate our risk appetite, and it proved to be right.

When do you decide to decide?

One approach has helped me a lot through the years. I call it "trying each decision on and wearing it for a while." It might be just a few days, or longer. Usually I'll find that deciding one way leaves me feeling more comfortable than the other. When we exited the subprime mortgage business in 2001, it was a tough decision because it was giving up a not insignificant amount of revenue, and we are a growth-oriented company. We had to convince investors. On the other side, we had reputation risk (related to predatory lending) and concern where volatility could go over the longer term. It really was art and science and trying both decisions on.

What keeps you up at night?

Actually, I sleep okay. But what does concern me most is what we haven't thought of that we need to be thinking of. Are we pushing ourselves enough? What might be next? Worry in and of itself is unproductive. In today's world you have stuff coming at you every which way. Structuring time to just sit and think is important.

In speeches, you encourage trying on the unfamiliar to advance careerwise. When have you done so?

Early in my career, I was in the international group at Bank of America and worked in Asia. I spent brief periods in Hong Kong. At that time it was very unusual to have a single woman--a woman, period--in those markets.

Another time [in the 1980s], I was asked to start a risk-management function for the consumer businesses. All of my experience up to that point had been on the commercial and business side--I didn't know anything about the consumer business. I was getting in on the ground floor. I knew it was an opportunity to learn a whole new business, and to acquire a totally different skill set. That said, day one, I didn't know what I was doing. But I figured it out. You find good people that you trust.

Can you have a work/life balance?

All great leaders have balance. That's what allows you to keep perspective. It is your own formula. For me, reading, plus some nonprofit work, helps with balance. And exercise--walking and being outdoors.

Describe your day.

I get up very early in the morning, 4:30 or 5 a.m., and have that time for quiet thinking to plan my day. If I don't have an evening event, I leave work at 6:30 or 7 p.m. I can't recall a weekend when I haven't done some work. It might be a few hours, or the whole weekend. I try to work from home then. It stimulates my thinking, just to be in a different space.

What have been your tradeoffs?

[Giving up] more baseball games for my son than I'd like to, and annual cousin reunions that I cherish. It is a myth that you can have it all.

How do you see your strengths and weaknesses?

I think I'm very straightforward. Sometimes I might be too impatient--I tend to operate with a fair amount of urgency, and at times that might be overplayed.

Brinkley's Tips for Surviving and Thriving

1. Don't be preoccupied with proving yourself. I think a lot of energy gets lost in this. It did for me.

2. Make sure you know what you think you know.

3. Maintain balance. You will be better for it.

4. Don't wear your gender on your sleeve. This is not my line--another woman banker said it, but it's good.

5. Explore unconventional career paths. Take lateral moves and learn.

6. Always find great people who are better than you are and learn from them.

7. Trust your gut instinct. If it's speaking loudly, listen.

Departures, September 2008

South Australia's Kangaroo Island - home to some of the continent's most intriguing wildlife - has long been popular with day-tripping and camping crowds. It never had any luxury accommodation until this spring, however, when James and Haylie Baillie, owners of the chic Capella Lodge on Oz's Lord Howe Island, opened their new property, Southern Ocean Lodge.

Set between two national parks on the island's isolated southwest coast and just a a 25-minute flight from Adelaide, the property is nestled in the bush and has expansive views of the turquoise sea below. Of the lodge's 21 minimalist rooms, the best is the Osprey pavilion, with its hand-sculpted, egg-shaped Japanese bathtub and private-terrace. From its alfresco daybeds and plnge spa, guests have a prime view of passing kangaroos and whales out at sea.

But those who come to K.I almost always want to get much closer to wildlife. And so the Baillies partnerned with local outfitter Exceptional Kangaroo Island to take visitors out into the area's singular landscape. The animal spotting is so good and so easy hear that it's really a shame the lodge doesn't allow children younger than six. Our stellar and slightly whacky guide, Anthony, aka Ants, who has lived on the island for 18 years, led our small group on a half-day journey, pointing out plump koalas perched on impossibly thin branches, kangaroo mothers hopping about with their in-pouch babes and even the elusive glossy black cockatoo - or at least evidence thereof, in the form of some nibbled seeds. On a separate hike, a trip to see Australian fur seals preceded a light lunch served rather glamorously under a white shade tent and accompanied by a local Chardonnay.

Later a stylish New Yorker who has just arrived at the lodge from Sydney was wondering aloud when she might see a kangaroo. She didn't have to wait long, though. During a twilight tour with lodge staff, glass of Champagne in hand, she was suddenly surrounded by dozens of curious 'roos and wallabies. "I didn't really expect to see wildlife like this," she said, laughing. But at Southern Ocean Lodge that's just the kind of Champagne wishes and kangaroo dreams experience guests are in for.

southernoceanlodge.com.au

Studio 54 made him famous but Ian Schrager's latest project may be his crowning achievement

By Julie Earle-Levine
September, 2008

HE has been called the ‘King of Cool’, an arbiter of great vision and taste, ‘master of the ultra-hip hotel’ and a swashbuckling developer, but ask Ian Schrager, dapper in an Hermes pinstripe suit, where this style comes from and he shifts uncomfortably.

“I am not sure where this style comes from. I am not even certain I have good taste,” says Schrager, in a raspy Brooklyn accent.

Few would agree. Many would assert that Schrager not only has impeccable taste but that he creates it. Schrager, whose tanned skin and broad smile defy his 61-years, has spent nearly half his life creating spaces for the rich and famous to flock to, including boutique hotels in London, New York, Miami and LA. He has a colorful past. Of course Schrager was most famous for opening Studio 54 in Manhattan, once the world’s hippest nightclub where Bianca Jagger celebrated her birthday by riding half naked through the club on a white horse. He has also served 12 months in jail for tax fraud, where he and his friend Steve Rubell came up with the idea of a boutique hotel business. Four years later, Morgans, the world’s first boutique hotel opened in New York and the duo went on to open a string of hotels including the Royalton, Philippe Starck’s first-ever hotel project. Schrager’s new talent is combining hotels with high-end residential properties for the very, very wealthy.

When it comes to stunning buildings, New York has many, but Schrager’s second residential project, 40 Bond in downtown Noho, resonates with style. Designed by Herzog & de Meuron, the architects best known for Tate Modern, the 11-storey building is a modern take on the neighborhood’s cast-iron architecture. The exterior is cast entirely in greenish Coke bottle glass that glistens when the sun strikes it. Inside, there are wide-plank Austrian smoked oak wood floors, 11-foot high ceilings, fireplaces and envy-inducing outdoor terraces. Ricky Martin has bought here, as has Mario Testino. Schrager will live in the three-storey, 8,500-square-foot penthouse.

Schrager has been doing business in his mobile office – a black Mercedes - then walks in to greet me. He shakes my hand but is looking at the wall where he has spied a light fixture is not as it should be and demands to know why. I ask him if he is a perfectionist and he says. “Ha. Perfectionist is an understatement.” He might try 30 or 40 shades of white before he picks the right one. He can recognize if a bouquet, which he has decided must be a precise size and colour, is missing stems. “I don’t have to count them.” A potential buyer at the building recognizes Schrager and seizes the moment, asking, if the gleaming, wavy white walls in the foyer are plastic. Schrager’s face tightens, but the man who some say will simply walk away if he doesn’t like what he is hearing, just replies: “It is Corian marble.”

Schrager says he is actually very shy and does not like to be photographed. But once he warms up, he is charming, his conversation a steady stream of topics. Boutique hotels, Lifestyle apartments, concierges who will cater to how we live. His ideas stem from his roots in the nightclub business where he developed the production skills for acting on creative ideas. “Out of necessity I had to do these big productions and parties and the success or failure of what I did was really predicated on how exciting and magical you could make the space.” This thought process translates to hotels and to residences. “You get an idea, you try and realize it, you build it. It is exactly the same.” He is an avid reader of magazines and hunts the streets of New York for creative, individual ideas.

After leaving the Morgans Hotel Group in 2005, he developed his namesake, Ian Schrager company. His new focus is on “managing one’s life’ or rather, having someone else manage it for you. Schrager was at his weekend house in the Hamptons where estate managers do everything for you from writing party invitations to hiring a nanny. “I thought this should be applied to city living. City managers can really make your home somewhere you can enjoy.”

Schrager predicts there will be demand across the board for this kind of living, not just by the super wealthy and that it makes 40 Bond a standout. At the time of writing there were just three of the building’s 27 apartments still for sale. They cost $3 to $10 million. He insists the building’s appeal is not just the design, rather the services that come with it.

Schrager has plenty of other projects on his plate. Recently, he signed a deal with Marriott where he will develop 100 boutique hotels for a new brand that will be launched in major cities across the US, South America, Europe and Asia. He is working on a hotel in Miami, plus another high end hotel in that city as well as a sizeable project (a hotel and residences) on Manhattan’s 10^th avenue with developer and friend Aby Rosen He is also looking to close a transaction in Las Vegas and would like to do some more hotels in LA, New York and in London. “Over the next five to seven years I’d like to get to ten or twelve private label hotels and sell it or go public with it. That is the strategy.”

Clearly, Schrager shows no signs of slowing, but his approach is different these days. He works hard to strike a balance with work and family. And he’s spending time on his own immediate environment, 40 Bond. For now his new home is an empty shell, and he doesn’t want to share the specifics other than to say it will be very simple, with most materials from Europe, the woods, marbles and raw finishings. He’d like to keep the rest a secret. “Once something goes mainstream, for me it is over.”

Nacho Figueras Explains Polo to Us

Departures, July/August 2008

By Julie Earle-Levine

Southern Ocean Lodge, Kangaroo Island – ‘Way Down Under’

SOUTH Australia’s Kangaroo Island – home to some of the continent’s most intriguing wildlife – has long been popular with the day-tripping and camping crowd. It never had any luxury accommodation until this spring, however, when James and Hayley Baillie, owners of the chic Capella Lodge on Oz’s Lord Howe Island, opened their new property, Southern Ocean Lodge.

Set between two national parks on the island’s isolated southwest coast and just a 25 minute flight from Adelaide, the property is nestled in the bush and has expansive views of the turquoise blue sea below. Of the lodge’s 25 minimalist rooms, the best is the Osprey Pavilion, with its hand-sculpted, egg-shaped Japanese bathtub and private terrace. From its alfresco daybeds and plunge spa, guests have a prime view of passing kangaroos and whales out at sea.

But those who come to K.I. almost always want to get closer to the wildlife. And so the Baillies partnered with local outfitter Exceptional Kangaroo Island to take visitors to the area’s singular landscape (the animal-spotting is so good here and so easy here that it’s really a shame the lodge doesn’t allow children younger than six). Our stellar and slightly wacky guide, Anthony, aka Ants, who has lived on the island for 18 years, led our small group on a half-day journey, pointing out plump koalas perched on impossibly thin branches, kangaroo mothers hopping about with their in-pouch babes, and even the elusive glossy black cockatoo – or at least evidence thereof, in the form of some nibbled seeds.

On a separate hike, a trip to see Australian fur seals preceded a light lunch served rather glamorously under a white shade tent and accompanied by a local Chardonnay.

Later, a stylish New Yorker who had just arrived at the lodge from Sydney was wondering aloud when she might see a kangaroo. She didn’t have to wait long though. During a twilight tour with lodge staff, glass of champagne in hand, she was suddenly surrounded by dozens of curious ‘rooms and wallabies. “I didn’t really expect to see wildlife like this,’ she said, laughing. But at Southern Ocean Lodge that’s just the kind of champagne wishes and kangaroo dreams experience that guests are in for.

Rates begin at A$900 per night (two night minimum) and include meals. Southernoceanlodge.com.au

See Modern Martha’s Vineyard

With a spate of revamped hotels and upgraded kitchens, a robust local art scene, and those ever-gorgeous beaches, the summer perennial has rarely looked better.

• By Julie Earle-Levine

Lambert's Cove Inn & Restaurant (Photo: Courtesy of Inn Shots)

You won’t find four-poster beds, floral wallpaper, or a doily on the toilet at the just-made-over Harbor View Hotel & Resort (from $350) in Edgartown. Though still wrapped in a white picket fence, the largest hotel on the island has officially gone modern: Its 900-square-foot suites are dressed up with black walnut floors, red cedar outdoor showers, and private gardens. Book suite 61 in the Captain Rowley cottage—it has a spacious stone patio—and lie out with some trashy beach reading.

The family-packed Winnetu Oceanside Resort (from $230) near Edgartown is a 250-yard stroll from South Beach, one of the loveliest strips of sand on the island. The resort’s rooms are freshly renovated and unfussy and loaded with domestic accoutrements like toasters, coffee-makers, and microwaves.

Partners Scott Jones and Kell Hicklin bought Lambert’s Cove Inn & Restaurant (from $220) in West Tisbury in January 2005 and immediately did away with the mounted geese and powder-blue décor. Now there are pale gold walls, ivory damask bedding, and plush dressing gowns, along with a heated, saltwater swimming pool and complimentary chairs, umbrellas, and towels for private Lambert’s beach.

Where to Eat

The Outermost Inn (Photo: Courtesy of Outermost Inn)

Brasserie–style Détente , in Edgartown, serves locally raised organic chicken and island-grown veggies in a golden-hued dining room dotted with black-and-white photos of European wineries. If you can’t snag a reservation (this has been one of the island’s most popular restaurants since opening in 2005), go before 7:30 and grab a spot at the seven-seat bar.

Owned by James Taylor’s brother Hugh and his wife Jeanne, the Outermost Inn unsurprisingly attracts a celebrity crowd: Bill Clinton, Carly Simon, Dan Aykroyd, and of course, brother James. But despite the high-profile clientele, the vibe remains low-key and casual, thanks to the meadowy surroundings, the views of the sound, and cooking that makes use of locally grown squash blossoms and arugula, herbs from the Taylors’ own garden, and just-caught striped bass.

Book at least a month ahead in the summer to secure a table at the perennially packed Beach Plum in the fishing village of Menemsha. Though the décor's a bit Pottery Barn, the ocean views and lenient BYOB policy are hard to knock. Bring a bottle of Chenin Blanc and pair it with the pan-seared halibut, served in a shallow bowl with tomato confit and basmati rice.

Island newcomer Mark Goldberg, formerly of Boston’s Mistral restaurant, mans the kitchen at Lure, the Winnetu resort’s nautically themed restaurant, which dishes out sublime Katama Bay oysters and butter-poached local lobster. Parents should request space in the family dining room, where there’s a kid-height buffet, beanbag chairs, and movies in the corner.

What to Do

Aquinnah Beach (Photo: Courtesy of Peter Simon/www.petersimon.com)

Pastel sailing paintings and wicker baskets are still being hawked like crazy in the Vineyard, but there’s been a big push to modernize the art and shopping scenes in recent years, especially in Oak Bluffs, where plans are under way to restore a church to house new galleries and live-work artists’ lofts. In the so-called SoHa (for South of the Harbor) district, the new Red Mannequin boutique (93 Dukes County Ave.; 508-693-2858) is stocked with French designer duds for kids and bright bead necklaces. Next door at Pik-Nik (99 Dukes County Ave.; 508-693-1366), you can browse vintage jewelry and art, and just a few doors down, the Dragonfly Gallery features works by locals like Renee Balter, known for her striking monoprint illustrations of island landmarks. The Alison Shaw Gallery is a great spot to pick through coffee-table books and fine-art prints, while the new hastings in the alley displays Vineyard stalwarts like Ron Hall, who shoots hauntingly vibrant landscape photos, and Rick Hoffman, who creates thickly layered abstract paintings.

Of course, it’s never all about shopping, not when there are such stunning beaches around. Head to the public strand at Aquinnah, off Moshup Trail, before the afternoon crowds arrive. After a few hours playing in Aquinnah’s clean, calm surf, dust the sand off with a hike along the mile-long base of Gay Head Cliffs, the island’s much-photographed, brilliantly colored formations, which lead directly up to picturesque Aquinnah Lighthouse. Skip the daytime tour and return on weekend nights, when the lighthouse stays open late for viewings of seriously beautiful sunsets.

Insider's Tip

Lobster-roll Fridays at Grace Episcopal Church. (Photo: From left, courtesy of Susan Safford and Danielle Zerbonne/Martha's Vineyard Times)

Martha’s Vineyard is admittedly packed with tourists in the summer, but there are at least two places where you won’t see any of them. Che's Lounge (38 Main St.; 508-693-8555), hidden in an alley off Main Street in Vineyard Haven, is a locals-only spot, though that doesn’t mean visitors can’t stop in for nighttime poetry slams and salsa-dancing sessions. And on Friday evenings from 4:30 to 7:30 p.m., Vineyarders gather at Grace Episcopal Church (Woodlawn Ave. at William St.; 508-693-0332) in Vineyard Haven, to chow down on delicious lobster rolls, listen to live bands, and swap fishing stories. A roll, chips, and drink, served in the church’s parish hall, will set you back $13.

Mansion House Inn & Spa (Photo: Courtesy of Julia Cumes)

The island has dozens of trails to explore, but the local favorite is Great Rock Bight, off North Road, where hikers scamper up into heavily wooded hills for stunning views of the Aquinnah Lighthouse and the Elizabeth Islands. Go in the late afternoon and pack a bottle of wine and snacks. There are few signs or markings, but it’s popular enough that you’re guaranteed to bump into an islander who can steer you toward the stairs that lead down to a remote, sandy cove. After your hike, slip into a lightweight cotton robe at the Mansion House Inn & Spa at Vineyard Haven. The Moshup Mud Wrap uses chunks of the Aquinnah cliffs mined through a “hunting-and-gathering” permit from the local Wampanoag Indian tribe. Wind down with some of the spa’s licorice root and peppermint tea, or indulge at the inn’s Zephrus restaurant with the “chocoholics platter” of chocolate strawberries and cake.

Related Links

The Martha’s Vineyard Times is filled with news about boating slips, fishing trips, and tales of overboard yachtsmen.

Martha’s Vineyard Online offers up good tips for visitors and virtual tours of places to stay.

Listen to the sounds of the island, as captured by MVYRadio.