caledonia

Luxury Homes in NYC's Chelsea at The Caledonia

Filed under: Estates, Services, Real Estate Developments

No matter the economy or state of the world, New Yorkers like their luxury, and one of the finest recent examples of upscale living is Chelsea's The Caledonia. Expertly built and managed by The Related Companies, this new hybrid building (includes condo owners and renters), which overlooks the High Line, already is sold out in its ownership division. As of a few weeks ago, however, rentals were still available. Sizes range from studio to three-bedroom, and some of the 190 units have terraces.

I thought I had a nice apartment until I saw the lobby, let alone the units! Eco-friendly bamboo floors and cabinetry, top-end appliances, large windows, key fob entry, spa-like bathrooms, and the Holy Grail of the NYC dweller -- a washer and dryer in each unit -- make me want to sell my place and move right in. And if I lived in a Related building now, I could easily do that, as Related makes it easy to transfer to another company unit within NYC, or even in another city.

Gallery: The Caledonia

Tags: Assouline, Caledonia, Chelsea, Clodagh, condos, luxury condos, luxury homes, luxury rentals, LuxuryCondos, LuxuryHomes, LuxuryRentals, New York, NewYork, NYC, real estate, RealEstate, Related, Related Companies, RelatedCompanies, rentals

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Small Canadian Cruise Company Puts Yacht Up For Sale

by Deidre Woollard (RSS feed) —

Filed under: Yachts & Sailing

Some boutique travel companies seem to be having a rough time in an economy where people are traveling less. I recently reported on GrandLuxe Rail Journeys and now here comes news of trouble for Canadian Sailing Expeditions Inc. The company offers seven-day luxury cruises in the Atlantic region, Quebec and the Caribbean on board the beautiful 243-foot Caledonia, a sailing vessel that holds 75 passengers. The restoration of Caledonia for cruising ran almost $1 million over budget putting the company in financial trouble. The yacht relaunched in its newly refurbished state in March.

The Chronicle Herald reports that on September 3 the Nova Scotia Supreme Court granted the company an extension of its protection from creditors while it tries to restructure. Meanwhile the company has had to put the Caledonia on the market for around $12 million but they are hoping to hold onto the yacht and save the business by refinancing or chartering the boat on a long-term basis to other organizations. The company says that winter bookings are strong and believes that a market for small cruise ship sailing does exist. They believe they can make the company stay afloat if given enough time. Meanwhile the yacht is listed by brokers Northrop and Johnson on Yachtworld. The listing pictures are in the gallery below.

Gallery: Caledonia Yacht