Luxist http://www.luxist.com Luxist http://www.blogsmithmedia.com/http://www.luxist.com/media/feedlogo.gif Luxist http://www.luxist.com en-us Copyright 2008 Blogsmith, LLC. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/Retirement Communities Considering Widening Age Restrictionshttp://www.luxist.com/2008/12/02/retirement-communities-considering-widening-age-restrictions/http://www.luxist.com/2008/12/02/retirement-communities-considering-widening-age-restrictions/http://www.luxist.com/2008/12/02/retirement-communities-considering-widening-age-restrictions/#commentsFiled under:

For years developers have been anticipating the needs of the retiring baby boomers by building massive 55-and-over community complexes. But they didn't bet on a slumping economy and a down real estate market that would leave aging Americans unable to stop working and sell their homes. Even those that are already in these communities are struggling to pay their homeowner's dues and condo fees because their retirement accounts are dwindling. The Wall Street Journal covers the growing trend that finds many developments considering opening their doors to younger buyers.

Not everyone is embracing these changes. Some people worry that the mixing of ages would change the nature of the developments bringing more traffic and noise as well as municipal expenses such as schools for younger children. Warm-weather retreats such as Arizona, California and Florida are most affected by this trend. Some are lowering the age requirement from 55 to 45 but still keeping the ban against young children in place. There are also potential legal questions in some cases in regards to zoning since some of these developments have been in zoned specifically for senior housing. Meanwhile prices in these communities, especially in Florida, are plummeting. In the Century Village retirement development in Deerfield Beach two-bedroom condos that would have sold for $120,000 a couple of years ago can now be found for as low as $40,000, a fact that is attracting younger buyers to try and move in.

The problem is that no one knows just how long the current economic situation will last. Some condo developments are trying to wait out the inevitable upswing which will bring baby boomers back to their doorsteps while some developments which had banked on immediate sales, are doing whatever they can to get sales now.

Retirement Communities Considering Widening Age Restrictions originally appeared on Luxist on Tue, 02 Dec 2008 08:01:00 EST. Please see our terms for use of feeds.

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]]>condo complexCondoComplexcondosretirementDeidre WoollardTue, 02 Dec 2008 08:01:00 ESTShanghai Tower Breaks Groundhttp://www.luxist.com/2008/11/29/shanghai-tower-breaks-ground/http://www.luxist.com/2008/11/29/shanghai-tower-breaks-ground/http://www.luxist.com/2008/11/29/shanghai-tower-breaks-ground/#commentsFiled under:


We've seen a lot of tower projects in trouble lately but one that will be the highest tower in China has broken ground. The Shanghai Tower will be a 2,073 foot tower located in the Luijiazui Finance and Trade Zone in Shanghai. The district, which was once farmland will be home to three skyscrapers including the Shangai Tower, Jin Mao Tower and Shanghai World Financial Center. The three form a past, present, feature configuration with the sustainable design of the Shanghai Tower as a symbol of China's future. The tower will hold office and retail space, a luxury hotel and cultural venues. It's not the place to be if you are acrophobic, it will have the world's highest non- enclosed observation deck. The building's wind-diffusing, 120-degree spiral shape includes a "double skin" that insulates the building. The funnel-shaped roof can store rainwater and wind turbines will help provide enough electricity to power the building's outer lighting. It is set to be completed in 2014.

Shanghai Tower Breaks Ground originally appeared on Luxist on Sat, 29 Nov 2008 08:02:00 EST. Please see our terms for use of feeds.

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]]>chinashangaiskyscrapertowerDeidre WoollardSat, 29 Nov 2008 08:02:00 ESTCap Cana Gets A Bridge Loanhttp://www.luxist.com/2008/11/26/cap-cana-gets-a-bridge-loan/http://www.luxist.com/2008/11/26/cap-cana-gets-a-bridge-loan/http://www.luxist.com/2008/11/26/cap-cana-gets-a-bridge-loan/#commentsFiled under:


Another ambitious real estate project has been floundering. Cap Cana, the sprawling resort complex in the Dominican Republic has been facing some funding difficulties lately. The resort includes four luxury hotels, three golf courses and a mega-yacht marina and involves big names such as Ritz-Carlton and Trump. Building was delayed while the resort scrambled for cash; 500 workers were fired after Lehman Brothers filed for bankruptcy causing a $250 million loan to fall through. Thing are tentatively back on track now that Cap Cana has announced an extension on a $100 million bridge loan. The resort's long-term success, however, depends both on tourism and on people buying in to the condos and villas for sale so it doesn't seem like it is quite out of the woods yet.

Cap Cana Gets A Bridge Loan originally appeared on Luxist on Wed, 26 Nov 2008 14:01:00 EST. Please see our terms for use of feeds.

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]]>cap canaCapCanadominican republicDominicanRepublicreal estateRealEstateDeidre WoollardWed, 26 Nov 2008 14:01:00 ESTRussia Tower Project Stoppedhttp://www.luxist.com/2008/11/25/russia-tower-project-stopped/http://www.luxist.com/2008/11/25/russia-tower-project-stopped/http://www.luxist.com/2008/11/25/russia-tower-project-stopped/#commentsFiled under:

The latest grand project to hit the skids is the grand Russia Tower in Moscow City, Russia. The 1,970-foot steel and glass tower designed by Foster + Partners has been called off due to lack of funding. The developer, Russian oil and real estate magnate Shalva Chigirinsky, didn't mince any words when talking to Reuters saying simply: "say thanks to Alan Greenspan and George Bush."

The tower would have been the dramatic focus of Moscow City, an old industrial site that was to be turned into a bustling new financial center. The tower is described by the Foster + Partners' website as the tallest naturally ventilated tower in the world. It was to have 118 occupied floors and be one of the greenest new buildings in Europe. it was to be a mixed-use, super-dense vertical city for 25,000 people, with offices, a hotel, shopping and apartments with private gardens. It would have an open 'green' spine creating a slender pyramid with the higher floors containing residential and hotel accommodation with access to fresh air, natural light and sky gardens. The top would be crowned with a public viewing deck with cafes and bars.

There have been no discussions on whether or not the project will resume once the economic picture becomes a bit brighter.

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Russia Tower Project Stopped originally appeared on Luxist on Tue, 25 Nov 2008 08:01:00 EST. Please see our terms for use of feeds.

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]]>constructionmoscow cityrussia towerRussiaTowerDeidre WoollardTue, 25 Nov 2008 08:01:00 ESTDubai's Real Estate Woes Continuehttp://www.luxist.com/2008/11/24/dubais-real-estate-woes-continue/http://www.luxist.com/2008/11/24/dubais-real-estate-woes-continue/http://www.luxist.com/2008/11/24/dubais-real-estate-woes-continue/#commentsFiled under:


Over the past eight years Dubai has rapidly become a global center of extravagance, an area characterized by ever more lavish building projects-- islands and peninsulas arising out of the sea and a skyline filled with cranes as more and more towers rise. But is Dubai in trouble? Worries about falling real estate prices and the amount of debt that Dubai has been carrying has led to fears that Abu Dhabi might have to bail out its flashier fellow Emirate. For years Dubai has commanded attention with tall towers and exotic properties but it is Abu Dhabi that has the oil wealth. In light of the crisis over the weekend two Dubai-based mortgage lenders, Amlak and Tamweel, will be merged into a single entity, the Real Estate Bank, which will be funded by the United Arab Emirates government.

Emaar Properties chairman Mohammed Ali Alabbar who is a top adviser to the emirate's ruler and also the chair of an advisory council set up to help Dubai maneuver through the financial crisis spoke at a conference in Dubai to reassure the world that Dubai is strong. He said the emirate's sovereign debt obligation is $10 billion while government-run companies have an estimated $70 billion of debt balanced against total assets are valued at more than $350 billion. He acknowledged the economic crisis and said that the country is looking carefully at funding projects going forward.

Some analysts have seen this as a necessary correction to the overinflated and unsustainable growth rates that have led some to predict this outcome for years. It can be guessed that some projects in development will either not make their estimated completion dates or may not be completed at all. Many of these projects were designed to lure tourists but at a time when even the wealthiest are reevaluating their spending, this desert oasis may have planned for guests that will be slow to arrive.

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Dubai's Real Estate Woes Continue originally appeared on Luxist on Mon, 24 Nov 2008 17:02:00 EST. Please see our terms for use of feeds.

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]]>dubaireal estateDeidre WoollardMon, 24 Nov 2008 17:02:00 ESTCanyon Ranch Miami Beach Now Openhttp://www.luxist.com/2008/11/24/canyon-ranch-miami-beach-now-open/http://www.luxist.com/2008/11/24/canyon-ranch-miami-beach-now-open/http://www.luxist.com/2008/11/24/canyon-ranch-miami-beach-now-open/#commentsFiled under: , , , ,


Canyon Ranch has long been known as one of the top spa and wellness centers anywhere. With two locations (Tucson, Ariz., and Lenox, Mass.) already established, we've been waiting since 2005 for the Miami Beach location to be ready. It finally opened earlier this month and now is accepting reservations. The historic Carillon Hotel, with ocean views, has been restored and now is "infused with the Canyon Ranch spirit of health, fitness, and personal attention." Choose from a selection of 150 one- and two-bedroom luxury suites that range from from 720 - 1,200 sq. ft., and from $300 - $1,800. All include
  • kitchenette, and washer and dryer;
  • 400-thread-count linens;
  • luxury limestone-tiled bath with dual-head frameless glass shower, soaking tub, and exquisite vanity niche;
  • two flat screen HDTVs;
  • Bose Wave radio;
  • High-speed Ethernet and wireless Internet access; and
  • multi-line telephones, cordless phones, DID numbers and voicemail.
Download a brochure here to read more about the spa and wellness programs, or use the easy-to-navigate lefthand tabs on the home page to get all the details.

Canyon Ranch Miami Beach Now Open originally appeared on Luxist on Mon, 24 Nov 2008 10:03:00 EST. Please see our terms for use of feeds.

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]]>Canyon RanchCanyonRanchfitnessMiamispawellnessLisa PalladinoMon, 24 Nov 2008 10:03:00 ESTEco-Chic Luxury Resort Planned For The Dominican Republichttp://www.luxist.com/2008/11/17/eco-chic-luxury-resort-planned-for-the-dominican-republic/http://www.luxist.com/2008/11/17/eco-chic-luxury-resort-planned-for-the-dominican-republic/http://www.luxist.com/2008/11/17/eco-chic-luxury-resort-planned-for-the-dominican-republic/#commentsFiled under:


A new project in the Dominican Republic has been announced that will combine a resort and eco-friendly residences. Terrazas de Coson is located in the rolling hills of Samana, next to the popular beach town of Las Terrenas. European developers Valman are seeking to create an "eco-chic" resort that includes 72 "Villa Estates" spread across 370 acres of land. The villas are available in three designs and range up to 12,000 square feet. All homes will run on solar energy and will be built with natural, eco-friendly materials. As currently planned, each estate will have views of the ocean and surrounding mountains and multiple infinity pools as well as waterfalls and streams that wind throughout the residences.

The property will also include a five-star boutique hotel with 28 bungalows accessed by a tram-like railway. Each bungalow will have its own plunge pool, and the complex will host additional infinity pools and water features throughout. Planned amenities include indoor and outdoor bars, a tennis club, a private beach club and spa, and several restaurants, including a five-star eatery headed by Chef Christophe Leroy.

Prices for villas start at $1.7 million up to $3 million and completion is scheduled for 2010.

Eco-Chic Luxury Resort Planned For The Dominican Republic originally appeared on Luxist on Mon, 17 Nov 2008 08:01:00 EST. Please see our terms for use of feeds.

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]]>dominican republicDominicanRepublicterrazas de cosonTerrazasDeCosonDeidre WoollardMon, 17 Nov 2008 08:01:00 ESTConstruction Halted On Vancouver's Jameson Househttp://www.luxist.com/2008/11/16/construction-halted-on-vancouvers-jameson-house/http://www.luxist.com/2008/11/16/construction-halted-on-vancouvers-jameson-house/http://www.luxist.com/2008/11/16/construction-halted-on-vancouvers-jameson-house/#commentsFiled under:


Another huge condo tower is in trouble. We are back in Vancouver, this time for a look at the Jameson House a 37-story glass tower designed by Foster + Partners that would have condos priced between $500,000 and $5.3-million. Developer Tony Pappajohn recently told his contractors he was stopping construction because one of his key lenders had backed out of the $180-million project because of fears regarding the current market conditions. Pappajohn has been looking for a new lender to help save the project. Now a deep hole remains on the site and Pappajohn has to figure out what to tell the people who have put down deposits 105 of the 144 condos. He is quoted in the Globe and Mail as calling the situation a "market failure" rather than a project failure and certainly the news bears this out. After all, it was only last month that work stopped on another big Vancouver project, the planned Ritz-Carlton tower.

Construction Halted On Vancouver's Jameson House originally appeared on Luxist on Sun, 16 Nov 2008 18:01:00 EST. Please see our terms for use of feeds.

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]]>jameson houseJamesonHousevancouverDeidre WoollardSun, 16 Nov 2008 18:01:00 ESTContstruction Stopped On The Chicago Spirehttp://www.luxist.com/2008/11/15/contstruction-stopped-on-the-chicago-spire/http://www.luxist.com/2008/11/15/contstruction-stopped-on-the-chicago-spire/http://www.luxist.com/2008/11/15/contstruction-stopped-on-the-chicago-spire/#commentsFiled under:


It is to be perhaps Chicago's most recognizable landmark, but first Santiago Calatrava's planned Chicago Spire has to get off the ground. The building of the dramatic swirl of a building is currently stalled out. Construction has stopped and the architect, Calatrava, has filed a lien against Shelbourne Development Group Inc,. the Irish developer of the 2,000-foot condominium tower, for $11.3 million.Perkins+Will, the Spire's architect of record, is also seeking nearly $4.85 million from Shelbourne. And the hits keep coming, Architectural Record also reports that New York-based Thornton Tomasetti, which worked with Calatrava on the project's structural engineering, has filed its own lien for $1.3 million. A spokeswoman for Shelbourne president Garrett Kelleher, says the developer is working to resolve the payment issue. The reason for the problem, it's the new old refrain of "the credit crunch" or as Kim Metcalfe, Kelleher's spokeswoman puts it: "We're waiting for the banks to start acting like banks again."

As we mentioned earlier this year, about 30 percent of the tower's 1,200 condominiums are sold, including the penthouse,which was originally priced at $40 million and bought by Beanie Babies magnate Ty Warner. I'd be very surprised if this project didn't get completed but I do think it's another one that will be majorly delayed.

Contstruction Stopped On The Chicago Spire originally appeared on Luxist on Sat, 15 Nov 2008 19:03:00 EST. Please see our terms for use of feeds.

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]]>chicagochicago spireChicagoSpiresantiago calatravaSantiagoCalatravaDeidre WoollardSat, 15 Nov 2008 19:03:00 ESTTrump's Baja Project In Trouble http://www.luxist.com/2008/11/14/trumps-baja-project-in-trouble/http://www.luxist.com/2008/11/14/trumps-baja-project-in-trouble/http://www.luxist.com/2008/11/14/trumps-baja-project-in-trouble/#commentsFiled under:


For a couple of years, I've thought of Donald Trump's Trump Ocean Resort on the Baja Mexico coast as a sign that the northern part of the Baja peninsula was becoming a more upscale destination. It seems I may have spoken too soon. Now the three-tower destination resort many never even get off the ground. The San Diego Union-Tribune reports that the developers of the Trump Ocean Resort in Baja California have lost their financing for the project and it may be some time before a new lender can be found.

Those who bought into the project put 30 percent down on units that ranged in price from studios in the mid-$300,000s to $2.5 million for a penthouse may not be able to pull out their money. The towers were supposed to be ready for occupancy by the end of this year but those who bought in have now been told the completion date is slated for 2012. Angry buyers are considering filing a class-action lawsuit for breach of contract. The Trump Organization is a licensor of the project and not the developer but the Trump brand name was an assurance for those who invested their money in the potential development.
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Trump's Baja Project In Trouble originally appeared on Luxist on Fri, 14 Nov 2008 18:02:00 EST. Please see our terms for use of feeds.

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]]>bajadonald trumpDonaldTrumpmexicoDeidre WoollardFri, 14 Nov 2008 18:02:00 ESTMandarin Oriental Plans A Condo Tower In Atlantahttp://www.luxist.com/2008/11/13/mandarin-oriental-plans-a-condo-tower-in-atlanta/http://www.luxist.com/2008/11/13/mandarin-oriental-plans-a-condo-tower-in-atlanta/http://www.luxist.com/2008/11/13/mandarin-oriental-plans-a-condo-tower-in-atlanta/#commentsFiled under:


Just about every article I've checked out regarding the announcement of a new $285 million hotel and condo building planned for Midtown Atlanta has expressed a bit of concern over the timing. Condo crisis? What condo crisis, Tivoli Properties is set to build a 53-story building with a Mandarin Oriental Hotel and 71 condos with prices ranging from $1.8 million to $15 million. The Atlanta Journal-Constititution quotes Scott Leventhal, Tivoli's CEO and president, as saying that "now is a great time to be in the planning stage." And indeed he may be right. The condo is set to begin construction next year and finish in late 2011, that is of course if they manage to secure financing and have enough presales to go forward. The project would need to be about half-sold in order to begin building. The first 30 buyers to reserve condominiums will receive $75 a square foot discounts which would work out to six figure discounts because the average condo size is over 2,500 square feet. So far 19 buyers have made reservations.

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Mandarin Oriental Plans A Condo Tower In Atlanta originally appeared on Luxist on Thu, 13 Nov 2008 08:02:00 EST. Please see our terms for use of feeds.

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]]>atlantacondodevelopmentmandarin orientalDeidre WoollardThu, 13 Nov 2008 08:02:00 ESTThe Yellowstone Club Goes Chapter 11http://www.luxist.com/2008/11/12/the-yellowstone-club-goes-chapter-11/http://www.luxist.com/2008/11/12/the-yellowstone-club-goes-chapter-11/http://www.luxist.com/2008/11/12/the-yellowstone-club-goes-chapter-11/#commentsFiled under:


The saga of the Yellowstone Club has come to a sad place, the land of Chapter 11. The club in Montana's Gallatin Mountains first opened in 1999 as an ultra-elite enclave for the rich and powerful. Bill Gates, Dan Quayle and Jack Kemp were among the members as well as a whole host of titans of industry. The Club featured private homes, a ski hill, golf course and an elaborate club house. The property was also supposed to be host to what would have been the U.S.'s most expensive house at the time, a $155 million deluxe vacation retreat which was never built.

But things started to go sour when the Club's billionaire founders, Tim and Edra Blixseth divorced. At first it was an amicable and miraculously lawyer-free split. But things turned sour and the pair worked through a messy divorce that ended with Edra Blixseth as the club's majority owner and chief executive. This summer saw the end of a lawsuit between bicycle racing champ Greg LeMond and the battling Blixseths resulting in a $39.5 million settlement.

A couple of months ago the club announced an expansion plan with the Discovery Land Company that would have brought 450 more houses and condos, a luxury spa, golf clubhouse, baseball field and more ski runs to the 13,400-acre development. Those plans are now on hold. The club has said it has been unable to reach agreements with its creditors and bondholders but plans to regroup and continue onward with business as usual, opening for ski season with the usual 600 or so employees.

The Yellowstone Club Goes Chapter 11 originally appeared on Luxist on Wed, 12 Nov 2008 12:02:00 EST. Please see our terms for use of feeds.

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]]>blixsethedra blixsethEdraBlixsethyellowstone clubYellowstoneClubDeidre WoollardWed, 12 Nov 2008 12:02:00 ESTIstanbul Sapphire Is Europe's Tallest Towerhttp://www.luxist.com/2008/11/08/istanbul-sapphire-is-europes-tallest-tower/http://www.luxist.com/2008/11/08/istanbul-sapphire-is-europes-tallest-tower/http://www.luxist.com/2008/11/08/istanbul-sapphire-is-europes-tallest-tower/#commentsFiled under:

Need more proof that Istanbul is becoming one of the most cosopolitan cities in Europe? Check out the Istanbul Sapphire, the 261-meter skyscraper that will be the tallest residential building in Europe once it is completed in late 2009. The skyscraper has been under construction for three years and recently reached full height. It will have 64 floors and offer 174 private residences. The total cost of the project is currently $200 million and around 40 percent of the whole project has been sold. The tower is also home to a shopping center, fitness center and spa, restaurants and includes vertical gardens and a viewing terrace.

[via Turkish Daily News]

Istanbul Sapphire Is Europe's Tallest Tower originally appeared on Luxist on Sat, 08 Nov 2008 08:02:00 EST. Please see our terms for use of feeds.

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]]>istanbulistanbul sapphireIstanbulSapphireskyscraperDeidre WoollardSat, 08 Nov 2008 08:02:00 ESTDubai Mall Openshttp://www.luxist.com/2008/11/06/dubai-mall-opens/http://www.luxist.com/2008/11/06/dubai-mall-opens/http://www.luxist.com/2008/11/06/dubai-mall-opens/#commentsFiled under:


Even though the economy is grim, big malls are opening around the world. I recently mentioned the opening of the Westfield Mall in London and now the Dubai Mall has officially opened boasting the largest number of retailers in the world. As I mentioned earlier this year, the mall boasts an aquarium and an ice rink in addition to rows and rows of stores -- an astounding 1200 stores, in fact. The mall is hosting a series of high profile events including fashion shows and performances to celebrate the opening. The mall is seen as a destination and has an adjoining 5-star hotel, The Address, Dubai Mall. So far only half the stores are open but eventually it will be home to some of the world's most famous retail chains. The developers of Dubai Mall have predicted 30 million visitors in the first year a number that some fear is a bit optimistic given the current economic picture. Check out the gallery below for some scenes from opening day including the amazing aquarium.

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Dubai Mall Opens originally appeared on Luxist on Thu, 06 Nov 2008 09:02:00 EST. Please see our terms for use of feeds.

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]]>dubaimallDeidre WoollardThu, 06 Nov 2008 09:02:00 ESTTrump Prevails In Scotlandhttp://www.luxist.com/2008/11/03/trump-prevails-in-scotland/http://www.luxist.com/2008/11/03/trump-prevails-in-scotland/http://www.luxist.com/2008/11/03/trump-prevails-in-scotland/#commentsFiled under:


If there's anything I've learned it's that you don't bet against the Trumpster, he usually get what he wants. And yet I thought he was going to be out of luck when it came to claiming a slice of Scotland to build a golf course. After a long struggle, however, Trump has been granted approval for his planned £1 billion golf resort in Aberdeenshire from the Scottish government. Environmentalists have been fighting the development because it impinges on protected sand dunes. Last November, the project was rejected by a local council committee but Trump was in Scotland earlier this year to fight for his development. Since then the project has been reviewed by the Scottish government and it has been deemed that there is a large enough economic and social benefit to justify the construction. Trump still has to gather capital and all the land necessary, things that have been proven to be easily surmountable obstacles for him in the past.

Trump Prevails In Scotland originally appeared on Luxist on Mon, 03 Nov 2008 21:02:00 EST. Please see our terms for use of feeds.

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]]>aberdeenshiredonald trumpDonaldTrumpgolf resortGolfResortscotlandDeidre WoollardMon, 03 Nov 2008 21:02:00 ESTPlans For U2 Tower Put On Holdhttp://www.luxist.com/2008/11/03/plans-for-u2-tower-put-on-hold/http://www.luxist.com/2008/11/03/plans-for-u2-tower-put-on-hold/http://www.luxist.com/2008/11/03/plans-for-u2-tower-put-on-hold/#commentsFiled under:

The latest architectural project to be shelved due to the economic crisis is the planned U2 Tower in Dublin, Ireland. The tower which has been in the planning stages for several years, was to have been the tallest building in Ireland. The Dublin Docklands Development Authority has said they are still committed to the project and are just putting it on hold until monetary conditions improve. The tower was supposed to have a recording studio for U2 at the top of the building as well as 180 apartments priced at over one million euros each, a price that now seems unreasonable as Ireland faces recession.

Plans For U2 Tower Put On Hold originally appeared on Luxist on Mon, 03 Nov 2008 20:09:00 EST. Please see our terms for use of feeds.

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]]>dublinirelandtoweru2Deidre WoollardMon, 03 Nov 2008 20:09:00 ESTSouthShore Condo Project Opens In Kentuckyhttp://www.luxist.com/2008/11/01/southshore-condo-project-opens-in-kentucky/http://www.luxist.com/2008/11/01/southshore-condo-project-opens-in-kentucky/http://www.luxist.com/2008/11/01/southshore-condo-project-opens-in-kentucky/#commentsFiled under:


Well it was nearly a year behind the schedule we wrote about when it was first announced in 2006 but the SouthShore Condominiums in Newport, Kentucky is finally open.The KY Post reports that sixty percent of the 65 luxury units on 17 floors have already sold. The SouthShore is one of many condo projects rising in this area of the Ohio River. Each unit has a river view from the living room and master bedroom with with floor-to-ceiling glass. Building amenities include an exercise area, putting green, swimming pool, hot tub and sun deck and the Shore Club has a bar, cooking area, fireplaces and big-screen TVs. There will also be a 100-slip marina out in front. Prices for units still available range from $300,000 to $3 million.

SouthShore Condo Project Opens In Kentucky originally appeared on Luxist on Sat, 01 Nov 2008 18:03:00 EST. Please see our terms for use of feeds.

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]]>condominiumscondoskentuckysouthshoreDeidre WoollardSat, 01 Nov 2008 18:03:00 ESTWaldorf=Astoria Plans Philadelphia Projecthttp://www.luxist.com/2008/10/31/waldorf-astoria-plans-philadelphia-project/http://www.luxist.com/2008/10/31/waldorf-astoria-plans-philadelphia-project/http://www.luxist.com/2008/10/31/waldorf-astoria-plans-philadelphia-project/#commentsFiled under:

Waldorf=Astoria Hotel has announced their latest project, a Waldorf Astoria Hotel and Residences in Philadelphia. The $420-million development will be 58 stories and will include a 175-room hotel and 136 private residences starting at $1 million each. The property will also be home to a spa, conference room, a boutique shop and a restaurant. The granite and glass tower is to be designed by Cope Linder Architects of Philadelphia and the most desirable units will be the eight custom Bi-Level penthouses with internal private elevators, grand staircases and some of the highest walkout terraces in the city.

Some are wondering if there are enough buyers for all the condo projects being built in Philadelphia. While Philadelphia does have less construction than other large cities it also has a large inventory of condos for sale and plenty of projects currently underway which will push more units into a crowded marketplace. Perhaps by the time these condos are ready in 2012, the condo market will be a bit warmer.

Waldorf=Astoria Plans Philadelphia Project originally appeared on Luxist on Fri, 31 Oct 2008 18:02:00 EST. Please see our terms for use of feeds.

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]]>condominiumscondosphiladelphiawaldorf astoriaWaldorfAstoriaDeidre WoollardFri, 31 Oct 2008 18:02:00 ESTAbu Dhabi Plans World's Leaniest Buildinghttp://www.luxist.com/2008/10/30/abu-dhabi-plans-worlds-leaniest-building/http://www.luxist.com/2008/10/30/abu-dhabi-plans-worlds-leaniest-building/http://www.luxist.com/2008/10/30/abu-dhabi-plans-worlds-leaniest-building/#commentsFiled under:

The battle for the world's tallest building is already a fiercely contested one. How else can you get in the record books? How about picking another category? Developers Abu Dhabi National Exhibitions Company (ADNEC) are working on Capital Gate, a building that will enter Guinness Book of Records as the "World's most inclined tower." The building leans at an angle of 18 degrees, a small amount perhaps but compare that the the most famous askew building, the leaning Tower of Pisa which leans less than four degrees. Creating a building with a lean like this is no easy feat, it requires extra steel reinforcements to compensate for the gravitational, wind and seismic pressures caused by the tilt of the building. The tower is part of a $2.2 billion business and residential project.

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Abu Dhabi Plans World's Leaniest Building originally appeared on Luxist on Thu, 30 Oct 2008 08:01:00 EST. Please see our terms for use of feeds.

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]]>abu dhabiAbuDhabiarchitecturecapital gateDeidre WoollardThu, 30 Oct 2008 08:01:00 ESTHotel Georgia Plans Condo Tower In Vancouverhttp://www.luxist.com/2008/10/28/hotel-georgia-plans-condo-tower-in-vancouver/http://www.luxist.com/2008/10/28/hotel-georgia-plans-condo-tower-in-vancouver/http://www.luxist.com/2008/10/28/hotel-georgia-plans-condo-tower-in-vancouver/#commentsFiled under:


More interesting real estate news out of Vancouver, the Hotel Georgia, a Vancouver landmark that first opened in 1927, is now home to luxury residences and an updated hotel. The main hotel will be renovated and the Private Residences at Hotel Georgia will be a 48-floor tower with 156 condo units. It will be th third tallest building in Vancouver when completed. The 160-room boutique hotel is going to be completed in 2010 and the team is trying to get it done before the Vancouver Winter Olympics in February of that year.

Condo owners will share the hotel's amenities including a restaurant from David Hawksworth, one of Vancouver's most acclaimed chefs, a roof garden, a spa and fitness center, wine cellar and a round-the-clock concierge service. The condo tower will also have eight floors of office space that will include a theater room and meeting room for residents.

Given that we recently saw construction stop on Vancouver's Ritz-Carlton residences we have to ask how this one is selling. The Calgary Herald article says 55 percent of the condos are sold -- including all of the one-bedroom units that started at $650,000 and the penthouse has also been purchased for $18.5 million. Remaining units start at $1.39 million for 1,178 square feet, up to a four bedroom plus den with 4.5 bathrooms and 3,489 square feet for $8.37 million.

Hotel Georgia Plans Condo Tower In Vancouver originally appeared on Luxist on Tue, 28 Oct 2008 08:02:00 EST. Please see our terms for use of feeds.

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]]>canadacondominiumscondoshotelhotel georgiavancouverDeidre WoollardTue, 28 Oct 2008 08:02:00 EST