Luxury Hotel Complex gets $8 million "loan" from city council
While the Federal Government Inc is busy bailing out the financial institutions, further down the food chain, bailouts for luxury developments at the state and city level are becoming the norm. The unfortunate necessity of these bailouts is presenting a quandary for all concerned. The intention of the city councils when they allowed these luxury developments to go ahead was obviously future tax revenues. Many of them were, at least in part, funded by special tax concessions during the building phase.
Filed under For Enthusiasts by 
Concierge Auctions will conduct a luxury real estate auction of a 5,590 square-foot home in the exclusive golf and country club community of Isleworth near Orlando, Florida on April 4.
Located at 9815 Laurel Valley Drive, the property was originally listed for $3.495 million and then reduced to $1.75 million, but has failed to sell. The two-story, Mediterranean-style home contains five bedrooms and five baths. It includes an elegant foyer with marble flooring, two bedroom suites, a theater, pool, sauna and outdoor lanai, as well as a library and wine storage area. There is also a detached guest suite with a private garage entrance.
Filed under Golf Developments, Press Releases by
Toll Brothers Insurance Company Inc
Two new schemes from luxury home builders aimed at bolstering the market have just been announced, one in the UK and one in the USA. Toll brothers, one of the largest luxury home builders in the US, announced their “mortgage protection plan,” this week. According to their press release:
More on Luxury Home Builders Turn Mortgage Brokers and Insurance Agents
Filed under For Professionals by
According to Terazas de Coson, “life in the Dominican Republic just got a little greener.” I make no comment on the “green-ness” or otherwise of a resort that must be traveled thousands of miles to to be enjoyed, but this one does seem to be making more of an effort than the usual “sustainable,” claims made by every new development that comes across my path. I would think that this will be of interest to anyone interested in buying property in the Dominican Republic. This is the press release:
More on Terrazas De Coson – Luxury with an “Eco-chic” lifestyle
Filed under Luxury Destinations by
Burj Dubai Tower Reaches final Height
The Burj Dubai has reached its final height of 818 meters. The final height had been kept secret until last week, presumably in an effort to keep competitors on their toes, although all of the possible competition for the world’s tallest tower have now been cancelled courtesy the credit crunch.
Filed under For Enthusiasts by
Just a few short months ago, Sandbanks, an exclusive peninsula in Dorset had the fourth highest land value in the world. The main road was known as “Millionaire’s Row,” and in 2007 a small bungalow (one storey building) sold for £4 million. But times have changed and plots earmarked for lucrative new luxury developments are lying derelict and many of the former residents are now broke.
More on England’s Most Expensive Property Hit By Credit Crunch
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