A Russian Billionaire’s $1.3 Billion Bet on New York’s Iconic Crown Building

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A Russian Billionaire’s $1.3 Billion Bet on New York’s Iconic Crown Building
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The Aman project, comprising just 22 homes, is a significant gamble for Vladislav Doronin, whose development firm is converting the upper floors of the 100-year-old Fifth Avenue tower into condos

Russian billionaire Vladislav Doronin already owns a full-floor apartment overlooking Central Park at the Time Warner Center. Nonetheless, he has got his eye on a $83.5 million spread less than a mile away.

It is in the Crown Building, a nearly 100-year-old tower on Fifth Avenue that Mr. Doronin’s company is converting into condos.

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