October 23, 2008
John McCains House up for Auction
The Larsen company of Arizona has a piece of property up for auction in Phoenix on the 25th of this month.
The property in question is 7110 N. Central Avenue in Phoenix, Ariz, consists of 15,000 square feet of livable space with 13 bedrooms, 14.5 baths and garage space for 7 cars on 2.7 acres. Recent additions include the plush theater room and large exercise room.
I am struggling to work out just exactly what extra value comes from having once been owned by the McCains, but this property is currently listed for $12 million with Sotheby’s International. Mr. and Mrs. McCain sold the property just two years ago at the height of the housing bubble for $3million. Which makes perfect sense to me - a senator in the know should be able to gauge these things fairly accurately. 
The current owner, property developer Jade Popple, has apparently poured another $3million in renovation work into the property, and the property is somehow now worth $12 million? Wishful thinking? Time will tell. Don’t get me wrong - this is a lovely piece of property, but……..
If you are interested in owning a piece of “history,” this is the auctioneers website with full details of the sale:
Filed under Celebrity Property by Mark Knowles
March 28, 2008
Ultra Luxury Retail Mall Planned in Dubai
A leading Dubai based real estate developer, Fortune Group, announced yesterday that its high-end retail offering - The Corporate Mall, which is planned to be in the world’s tallest commercial tower, Burj Al Alam, Dubai, has drawn an extremely positive investor response from the ultra-luxury segment of the retail sector.
The group has already sold out 75% of the total 313,000 square feet of available retail space. The mall is not only a freehold facility but also has the distinction of being the only mall within Business Bay, a mere two weeks from the launch. The group has also retained some of the retail area for leasing out to anchor tenants.
The Corporate Mall was designed by the world-famous Japanese architects, Nikken and Sekkei. The state-of-the-art enclosure will cater exclusively to discerning corporate clients, featuring nothing but the most expensive ultra-luxury outlets, top-of-the-line regional and international brands including high-end fashion brands, sophisticated dining and entertainment experiences. Not restaurants – experiences, which is a completely different thing and far more sophisticated. The mall will also house trendy coffee shops, a modern fitness centre and parking space for over 1000 cars.
The Fortune Group has already begun construction on Burj Al Alam and the project is slated for completion by 2011.
Filed under For Enthusiasts, Luxury Developments by Mark Knowles
