East Village residents could be in for a pleasant surprise when they see 6'4" Olympian golden boy Michael Phelps walking down the street in a few weeks. That is, if the rumors that he's dating British model Lily Donaldson (and not Amanda Beard, whom he's also been linked to) are true. Donaldson spends most of her time in New York these days: Back in May, she bought a two-bedroom pad on Avenue B for $2.2 million. For his part, Phelps has already said he plans to take a few months off from swimming now that he's done with the Olympics. What else is he going to do if not hang out with his supermodel girlfriend, who just happens to have a lovely new love nest? One (much less alluring) bonus: Lily is just a few blocks from the crummy public pool at the Hamilton Fish Recreation Center on East Houston Street.