Lachlan Just Says No to Nolita

William Neuman may have skipped out on the Big Deal this past weekend, but he has now uncovered the listing for one of downtown's most talked about buildings.

Lachlan Murdoch's epic project to transform a five-story, former stable building into his palatial residence is not happening. Mr. Murdoch is offering the 14,300-square-foot building--which he paid $5.25 million for in September 2003--for $14.75 million, listed with high-end Corcoran brokers, Deborah Grubman and Carol Cohen.

Although Lachlan and his father, Rupert, parted ways last year, they might have more in common than they think to bridge that generational divide. Ms Grubman and Ms. Cohen sold Rupert's Soho spread last year to Elie Tahari.

Like father, like son.