A Hamptons estate owned by Phyllis Pressman, the wife of late Barneys New York department store Chairman Fred Pressman, is coming on the market for $52.5 million. The Pressmans built the home about 45 years ago, according to Tim Davis of the Corcoran Group, one of Ms. Pressman’s real-estate agents. The roughly 6,000-square-foot house, which sits on Southampton’s Meadow Lane, one of the most expensive and exclusive enclaves in the Hamptons, has a kind of fairy-tale look, with a wood-shingled roof that resembles thatching....

Source: Wall Street Journal October 12, 2020 15:22 UTC