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The Case for Luxury Housing - Vimarsana News

The Case for Luxury Housing

The Atlantic New market-rate development, even of the luxury variety, helps relieve pressure on local housing prices. 6:30 AM ET Sandy Carson / GalleryStock If you were intentionally designing a development to spark a NIMBY backlash, you might come up with something that looks a lot like 10 Clay. A brand new building located in Seattle’s formerly industrial Belltown neighborhood, it adheres to a modern aesthetic of poured concrete, muted tones, and floor-to-ceiling windows. True to form, the website for 10 Clay celebrates amenities such as granite countertops and stainless steel appliances....

Crescent Real Estate Bringing $250M Luxury Development to Cowtown's Cultural District - Vimarsana News

Crescent Real Estate Bringing $250M Luxury Development to Cowtown's Cultural District

Updated on February 23, 2021 at 5:44 pm Crescent Despite many attempts, for years a piece of Fort Worth’s Cultural District has gone undeveloped. But come mid-2023, the property across the street from the Kimbell and the Modern Art Museum of Fort Worth will house a luxury, mixed-use development. Billionaire investor and real estate developer John Goff, who lives in Fort Worth and serves as co-chair of Mayor Betsy Price’s Fort Worth Now economic recovery Task Force, said he’s confident in the city’s future. Download our NBC DFW mobile app for Apple or Android to get alerts for local b...

Source: nbcdfw.com
CNN Fareed Zakaria GPS August 25, 2013 17:59:00 - Vimarsana News

CNN Fareed Zakaria GPS August 25, 2013 17:59:00

This is 6,000 miles from the city of lights, luxury development, in the outskirts of shanghai that was constructed in 2007 to attract china's new wealthy. but according to the developers, it is currently on the 20% to 30% occupied. location, location, location is part of the problem. the luxury development sprouted in an area surrounded by farmland and dead end roads. it is also a symptom of china's property bubble. ghost towns, even entire ghost cities, are increasingly common sites in china. in this case it seems instead of going to fake paris, the chinese are going to the real city of light...