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Billionaire Plans Skyscraper Home

Filed under: Estates, Celebrity Shopping

Now this is a story of real estate excess, India's richest man, Mukesh Ambani, is building himself a skyscraper in Mumbai as his personal residence. The building, which is the size of a 60-story tower, will only have 27 floors due to the height of the ceilings. Ambani, who is the richest man in India, has a personal fortune of over $20 billion.The home will house his wife, mother, three children and 600 live-in staff. What to do with all those floors? The first six are garage space, a health club will be on the next two and then staff housing will take up much of the middle section. Ambani and his family will live on the upper floors which will be topped with a helipad and swimming pools. The home reportedly will cost $1 billion to create and construction is already under way. It should be finished next year.

[Thanks, Shaun K]

The Oval Tower, Another Landmark For Dubai

Filed under: Estates, Luxury Travel & Hotels


The Oval Tower is the latest piece of architectural whimsy to come out of Dubai. As you might guess, it is shaped like an oval. The tower in the Business Bay area will be home to 19 floors of office space and a leisure deck with a gymnasium with a sauna, shower and lockers. The building as two distinct parts, the tower and the podium. The podium of the tower will hold a dining area with a panoramic lift and staircase. There will be parking in both the podium and the basement for 651 cars.

Park Fifth, Los Angeles To Get A New Skyscraper

Filed under: Estates

Downtown Los Angeles will look like a whole different city in a few years. A few months ago, I showed you the plans for Frank Gehry's Grand Avenue complex, now let's take a look at Park Fifth. The ambitious project is a $1-billion high-rise condominium complex overlooking Pershing Square park in downtown Los Angeles . The LA Times reveals the rendering for what will be the tallest residential building west of Chicago. The taller tower is 76 stories and will be one of Los Angeles's tallest skyscrapers. The shorter tower will be 43 stories. Construction could start as soon as early 2008, and the smaller tower, which will also be home to a 14-story five-star hotel could be open by 2010. The project's massive scale (732 condos and 218 hotel rooms) have some Los Angeles real estate watchers clucking nervously but it is hoped that in a few years the real estate market will have recovered and condo hunger will be on the rise again. The sales center for the condos is set to open this summer.

One Charlotte

Filed under: Estates


A new development will change the Charlotte, North Carolina skyline. One Charlotte is a luxury tower that will have 99 residences priced from $1.5-$10 million, The units, including two penthouse suites, range from 2,000 to 8,000 square feet. The 40-story tower has floor-to-ceiling glass and balconies that pinwheel around the facade to create an asymmetrical silhouette. The peaked crown will form a vaulted ceiling penthouse. One Charlotte residents will also have individual elevators with direct access to residence foyers, valet and private parking. The main entry will have works of art and be home to a full-service concierge. A24,000-square-foot terrace will form an outdoor living environment that includes a fountain, fire pit and a fully equipped outdoor kitchen for group gatherings. There is also a lap pool that will spill into a resort-style water feature, surrounded by Portman-designed cabanas. The building will also have a 10,000-square-foot fitness and spa club. A demonstration kitchen and a private dining suite will be served by an on-site chef service that will pre-prepare custom meals, and cold storage lockers will be available at the concierge level for on-site grocery delivery. Sales start in September.

Residences at Two Liberty Place

Filed under: Estates

We've already seen a bunch of high-end condo projects in Philadelphia but developer Art Falcone is hoping there is room for one more. The Philadelphia Inquirer reports that Falcone, a Florida-based developer is turning the top 20 floors of the landmark Two Liberty Place into condominiums. The building was originally office space but when the office space went vacant Two Liberty was put up for sale. Falcone Group picked up the space and plans to create 122 condos. Four sample units are already done and buyers may be able to move into The Residences at Two Liberty this fall. A one bedroom on the 40th floor costs $800,000, two bedroom unit sells for between $2 and $4 million and a penthouse will cost $15 million. Units will have a cappuccino machine, Snaidero kitchen cabinetry, and Miele appliances. There will be a spa and sauna, pool, gourmet restaurant, and "pet concierge" service on the 37th floor. Yes, it's a tough market but as the Inquirer points out, Two Liberty Place does have one advantage, even the lowest floor is seven floors above the highest residential building in Philadelphia.

For some great shots of Two Liberty Place and its sister building One Liberty check out the Flickr pool.

1521 Second Avenue

Filed under: Estates

The developers of Fifteen Twenty-One Second Avenue in Seattle have officially launched construction. The building will be Seattle's tallest residential high-rise. The 440-foot glass-and-steel tower is a residential high-rise meant to promote urban density and environmentally conscious living. Only three to five homes will be located on each floor. The building which has a protected water view over Pike Place Market and each apartment has a "glass room" (some with fireplaces) to take advantage of the gorgeous vista. The project is scheduled to open in 2008.

Twisting Tower for Toronto

Filed under: Estates

The MAD Architectural Design Studio, based in Beijing, has won a contest for the right to build a 50-story condominium tower in a western suburb of Toronto in Ontario, Canada. They were chosen based on the integrity of their design, judged by a panel of architects, urban planners and design experts, as well as on a popular vote from some 6,000 of the city's residents.

The twisting tower, which will be of the most fantastic looking buildings in Canada, will cost approximately $114 million to complete and will be made from glass and concrete. The project is scheduled to be complete by 2010, at which point MAD hopes to add an additional four towers to the area.

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