Luxury Real Estate: Beverly Hills, Florida, Monaco, New York & Historic Preservation
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In this week's Real Estate Report, we dive into the extravagant world of luxury properties with a dramatic twist in Beverly Hills. A 33-acre prime real estate hits the market for a jaw-dropping $175 million, owned by a hotel developer whose resort plans were rejected due to environmental concerns. Moving to Florida, a $50 million super structure boasting a 26,000 sq ft mega mansion is quietly shopped around, featuring lavish amenities like a three-hole golf course and a rooftop spanning 10,000 sq ft.
Monaco, the playground for the rich, unveils a $2 billion land reclamation project named Meritra, set to redefine luxury living with homes, public spaces, and a marina. Meanwhile, in New York, a joint venture between Vornado Ruden and Citadel plans to erect a 1,600 ft tall super tower at 350 Park Ave, transforming the skyline with office space and private terraces. The iconic Walzer House in Chicago, designed by Frank Lloyd Wright, faces foreclosure and structural decay, listed as one of the most endangered historic buildings in the world.
With each story, Real Estate Report delves into the high-stakes world of real estate, where fortunes are made and lost in the blink of an eye. From rejected resort plans in Beverly Hills to the opulent super structure in Florida, the allure of luxury living is on full display. Monaco's ambitious land reclamation project and New York's impending skyscraper approval add layers of excitement to the ever-evolving landscape of prime properties. Yet, the poignant tale of the Walzer House serves as a reminder of the delicate balance between preservation and progress in the realm of architectural heritage.
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
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