At the corner of Elizabeth and Kenmare Streets at the edge of NoLIta, demolition work began in early March to make way for a seven-story condominium, Mr. Ando’s first stand-alone project in the city, although he has designed a restaurant (Morimoto in Chelsea) and residential interiors in Manhattan.
Sales are expected to begin in April, with prices [...] likely to rise to more than $30 million for the four-bedroom penthouse, according to Mr. Steinberg. — nytimes.com
A cash shortage in Rome could see the city’s fascist-era Square Colosseum sold to the fashion house Fendi, despite calls in the Italian capital to keep the building in state hands.
More than 70 years after the Palazzo della Civiltà del Lavoro was built under the orders of Benito Mussolini it could soon be reinvented as a home for luxury goods. — theguardian.com
Two decades after civil war blew the Lebanese capital to rubble, the city centre boasts immaculately rebuilt streets lined with Gucci and Prada stores – but the whole place is strangely deserted
[...] the resulting place feels less souk than Duty Free airport lounge. It is a monotonous world of more swanky high street brands, from Burberry to Tag Heuer, staffed by idle shop assistants awaiting the promised customer footfall that has yet to arrive. — theguardian.com
The idea is always that a building like this in a particular light merges with the sky. The building is on a very small site, and has a very small footprint. There was a requirement from a planning point of view, which we fully supported and were actually happy about, that we had to provide a plaza on the ground floor. And that’s actually why the building toward the base, it pulls in its belly and it slopes so that the urban space is adequate and a required size. — nytimes.com
Renowned Brazilian architect Isay Weinfeld has been commissioned to design his first NYC-based building, a 36-unit luxury condominium project called Jardim. Set to be built on 527 West 27th Street in West Chelsea, Jardim will be surrounded by other recent starchitect-designed projects like the...
“For 10 or so of these important properties to come on the market at the same time, that matters a lot,” - Gregory J. Heym, an executive vice president and the chief economist for Halstead Property and Brown Harris Stevens — NYT
Earlier this month Robin Finn, looked at one trend in Manhattan's luxury/high-end real estate market. Given the less than 2,000 single-family homes in Manhattan, a recent influx of historic mansions and townhouses into the market, offers buyers a rare opportunity to avoid co-ops and condos.Some...
A new development, 42 Crosby Street, is pushing the limits of New York City real estate to new heights with 10 underground parking spots that will cost more per square foot than the apartments being sold upstairs.
At $250,000 a tire, the parking spaces in the underground garage cost more than four times the national median sales price for a home, which is $217,800, according to Zillow. — New York Times
The trend of Italian fashion firms co-developing luxury condominiums continues, with Fendi on July 28 becoming the latest brand to announce its first foray into a branded real estate project — partnering with the Château Group to develop Fendi Château Residences, a new and exclusive 12-story waterfront condominium building located in Miami, Florida two blocks south of The Bal Harbour Shops. — blouinartinfo.com
The first renderings are out for Tadao Ando's first project in New York City, 152 Elizabeth Street, a 32,000 sq.ft "ultra-luxury" condominium building to be constructed at the corner of Kenmare and Elizabeth Street in NoLIta in Manhattan. New York-based luxury residential development firm Sumaida...
London’s 200 new towers are something different. Virtually every one contains “luxury” apartments. This new residential upsurge in London is echoed across the Atlantic in New York – as property in both cities becomes a global reserve currency. New York, once the city of the commercial skyscraper, has become the city of the condo tower and the penthouse. But where does that leave commercial architecture? — ft.com
Tadao Ando has been commissioned by real-estate development firm Sumaida + Khurana to design an ultra-luxury condominium building in New York. This will be Ando's first building in New York.Here's more detail about the upcoming project:"New York-based luxury residential development firm Sumaida +...
Neiman Marcus, purveyor of luxury goods, now also sells luxuries of the architectural variety. As part of its holiday gift catalog, the high-end retailer is offering one night in Philip Johnson’s 1949 Glass House — for $30,000. — blogs.artinfo.com
The striking exoskeleton structure of the upper section is an interwoven network of supports that vary in thickness and lend a natural aesthetic to the yacht’s external appearance; evoking the organic structural systems found in nature.
This exoskeleton connects the various levels and decks seamlessly via expressive diagonals. Where traditional yacht design adheres to a strict horizontal order, Hadid has created an intense connectivity between the various decks and elements of the design. — superyachts.com
The salesclerk at a Belgravia clothing boutique, who also spoke on the condition of anonymity because she did not want to get in trouble, said that at some times of the year the area was virtually abandoned. “We’ll shut for the whole of August,” she said. — NYT
Earlier this week Sarah Lyall explored how some neighborhoods in London have become "So Exclusive Even the Owners Are Visitors". This is because the owners are increasingly, superwealthy foreigners from places like Russia, Kazakhstan, Southeast Asia and India, who are purchasing a residence...
The huge Palm Springs estate of Bob Hope, the comic icon of midcentury film and television, and his wife, Dolores, is being brought to market for the first time this month, at an asking price of $50 million.
Perched high in the exclusive Southridge community, with panoramic views of the Coachella Valley, including the city of Palm Springs and the San Jacinto Mountains, the 23,366-square-foot home was designed in 1973 by the California Modernist architect John Lautner. — nytimes.com
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