Tom Cruise and Katie Holmes will soon be taking over New York City.
No, they won't be there filming a new blockbuster. Rumor has it that Tom and Katie have bought property the East Village and they're expanding every day. They've purchased five lofts in a 12-story building south of 14th Street.
According to a neighbor, "Tom and Katie now keep five units in the building. They turned one into Suri's playroom. One they use for a gym, and two apartments are for staff.
"The past couple of months they've bought up all these apartments. They're all separate and on different floors. Tom is seen coming in and out all the time, and he's really friendly to everyone he meets. Everyone in the neighborhood is buzzing about it."
Hey, he has the money so why not?