Property Development Deconstructed:

The Week's Top 5 Articles You Shouldn't Miss

Author

Peter Gianoli
September 07, 2023

TOGETHER WITH

Specialists in Selling Off the Plan

If you’re in the world of property development, every week I curate the top 5 articles that caught my eye in the past 7 days.

I read, so you don’t have to.

Today’s issue is brought to you by Brown Street Realty specialists in off-the-plan residential apartment sales.

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RESORT LIVING

Limassol Greens: The most anticipated golf resort in Cyprus.

This amazing development is swiftly progressing to become one of the most desired destinations in Cyprus for living and investment. Designed by global architecture and design firm HKS to seamlessly blend nature with nurture in a stunning resort. To date, sales have been a great success surpassing 65 million euros.

BILLIONAIRE’S ROW

NYC Penthouse Atop the World’s Tallest Residential Building Lists for a Record-Breaking $250 Million

Central Park Tower made headlines when it reached a dizzying height of 1,550 feet in 2019, becoming the world’s tallest residential condominium. Now it wants the record for the most expensive home ever sold in the US, too.

The building’s three-story penthouse has hit the market for $250 million. If sold it would surpass the $238 million billionaire Ken Griffin paid in January 2019 for his condo at nearby 220 Central Park South.

GLIMPSE OF THE PAST

1,200-Year-Old Luxury Estate

If you’ve ever wondered how the wealthy lived in the early 8th or 9th century, now is your chance to take a glimpse into the past.

This week, archaeologists uncovered the remains of a lavish estate in the Negev, a desert region in the south of Israel. The 1,200-year-old home was unearthed in the Bedouin town of Rahat where the dig team came upon the ancient property’s courtyard.

ANNUAL LETTER

Ryan Serhant Annual Letter

A treasure trove of all things property. Featuring economic and real estate updates, along with alternative tech, proptech, AI and machine learning in property and exploring the metaverse.

Read it or watch Ryan Serhant outline his observations. 20 minutes well spent.

SCANDAL, DISCORD AND DEATH

Aman New York is perhaps the most anticipated new hotel in the last quarter-century — has been shadowed by scandal, discord, and death. Unusual even by the standards of Manhattan development, this development’s story is a doozy…

Another chapter is about to be written, Aman said it was exploring a deal to sell its stake in the Crown Building for as much as $600 million while continuing on as the hotel’s operator — an approach that a spokesperson said “maximizes funds and releases capital to drive the business forward and secure new exceptional locations for its portfolio.”

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