Katie Warren, provided by Published 1:36 pm CDT, Friday, March 15, 2019 AP Photo/Brynn Anderson Hudson Yards, NYC's new $25 billion neighborhood, is the most expensive real-estate development in US history. The neighborhood's luxury condos start at $4.3 million and cost upwards of $32 million. When it's finished, Hudson Yards will have a luxury mall with stores like Louis Vuitton and Dior, office spaces, public gardens, a performing arts space, and the highest outdoor observation deck in the Western Hemisphere. It's been called a "billionaires' playground," but Stephen Ross, the 78-year-old billionaire behind the project, told Forbes it's "not a neighborhood for the rich." Hudson Yards is the most expensive real-estate development in US history. When it's finished, the $25 billion development will include luxurious residential towers, office spaces, a school, a luxury mall with high-end boutiques and restaurants, a $200 million art installation, public … [Read more...] about The billionaire behind Hudson Yards, the most expensive real-estate development in US history, says it’s ‘not a neighborhood for the rich’
Cities most expensive real estate
Large real estate developments can easily cost billions of dollars. With an estimated cost of $US20 billion, New York City’s Hudson Yards neighbourhood is set to become the most expensive private real estate development in American history. All over the world, however, pricey real estate ventures are being built or recently finished, including a $US20 billion mall in Dubai. Real estate development can get pricey, fast, and easily have price tags of over a billion dollars. INSIDER took a deep dive into 12 incredibly expensive global properties built, or currently under construction, in 2018 including airports, skyscrapers, and even a football stadium. Springwoods Village in Spring, Texas, is set to cost $US10 billion. Set to be completed in 2024, Springwoods Village in Spring, Texas, is estimated to cost a total of $US10 billion. The first part of the development, a 2000-acre residential area, has been completed and has been in use since 2014. Spring, Texas, is also located … [Read more...] about 12 of the most expensive real estate developments of this year
Nov 05, 6:45 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Jake Richardson 11/05/18 AT 4:59 PM Real estate for the extremely wealthy received a hefty discount this week. Developers have dropped the price of a Manhattan triplex penthouse from $73.8 million to $62.8 million, according to Bloomberg.Located at 212 Fifth Avenue, the 10,079-square-foot home has been on the market for almost a year. The residence features a bronze staircase, private elevator, grand ballroom, a 5,000 square foot terrace, and sweeping views of the city.However, the market for the most expensive penthouses has slowed. “We’ve seen a surge in new inventory on the market at all price points, but on the ultra-luxury end, this latest wave of homes is compounding a surplus that’s been growing since 2015,” said StreetEasy analyst Nancy Wu.According to the Real Deal, there are well over 400 penthouse units for sale, and 81 are … [Read more...] about Expensive Real Estate: New York Penthouse Drops Price Tag From $73.8 Million To $62.8 Million
Steven Pepple Detroit Free Press Published 12:19 PM EDT Oct 2, 2018 It’s fairly easy to spend $1 million on a house in tony Birmingham. A recent peek at Zillow.com showed 64 houses listed at $1 million or more within the Birmingham city limits. (In comparison, there are only 2 houses listed for more than $1 million in don’t-Birmingham-my-Royal Oak.) Then there’s the crème de la crème (the best of the best). As we narrowed our search down in Birmingham, there were 14 houses listed at $2 million or more. That number was reduced to three when we typed in $3 million as our lower price range figure. The “cheapest”? A 4-bedroom, 6-bath, newly constructed home, a few blocks north of downtown, for a modest $3.48 million. The most expensive? A 5-bedroom, 5.3-bath mansion priced at $4.25 million, with more than 10,000 square feet of living space, including a gym, a theater, a golf simulator and, of course, a wine cellar. … [Read more...] about These 3 mansions are Birmingham’s most expensive real estate
The $US25 billion Hudson Yards complex is a masterpiece in urban design that developers have envisioned for decades. At 28 acres, the site will transform the surrounding community, bringing an influx of office workers, tourists, and residents. The emphasis on luxury amenities and high-end retailers threatens to alienate long-time establishments, which may soon be priced out of the neighbourhood. Stepping onto the Hudson Yards site, it’s impossible not to gravitate toward Vessel, a 150-foot-high, honeycomb-shaped art installation located in the center of the complex. With its reflective copper cladding and $US150 million price tag, the structure is emblematic of the development itself: expensive, partially enclosed, and intentionally breathtaking. While the complex is a stunning design feat, the fact that it’s being built is even more impressive. At $US25 billion, Hudson Yards is the most expensive real estate development in US history. When complete, the new Manhattan … [Read more...] about Hudson Yards is the most expensive real estate development in US history. Here’s what its $25 billion future could look like.