Designer Tory Burch received approval last month to tear down her $22.5 million home in Southampton so she could replace it with something more to her liking. But is she also involved in the purchase of the $45 million estate owned by the late Howard Gittis? RealLI seems to think so, although it admits the "details are sketchy," and the Post reported yesterday that the buyer was "unidentified, recession-proof financier." Then again, Burch's fashion business seems to be enduring the recession just fine and it's always possible she decided to start up a hedge fund on the side, so maybe they're all right. [RealLI via Curbed]
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