From: The Buffalo News
“Not satisfied with just donating a record amount of money to the Albright-Knox Art Gallery, philanthropist Jeffrey Gundlach now wants to live near it.
The billionaire investment manager, who owns a $15 million estate in the Pacific Palisades of Los Angeles, will use a 5,204-square-foot mansion at 76 Lincoln Parkway as his home when in town.
Gundlach bought the 0.41-acre property through Frostridge LLC in 2017 from the estate of Susan F. Surdam, paying $950,000, and he’s making interior improvements.
The property is just a few blocks from the museum, but the founder of DoubleLine Capital won’t always be there, said attorney Sean Hopkins. So now he’s planning to carve out the rear 4,525-square-foot portion of the property into a new lot, on which he’ll put up a two-story detached building with a three-car garage and a 1,120-square-foot caretaker’s apartment.”