Thursday 30 July 2009

AMERICAN LEGACY HOME


It's not all bad news in the United States. Construction projects may be on ice in many places and homes are being repossessed and sold for a pittance left, right and centre, but there are still some people around with money to burn.

In Chicago, British-based architects and project managers, Janine Stone, will build a Palladian-style mansion overlooking a golf course for a Bulgarian businessman who has made millions from the Nigerian oil trade. Costing in the teens of millions of dollars to build, the architects call this house as a “legacy home”, because it is intended to be passed down to future generations of the owner's family, a modern-day version of an ancestral home.

Sadly, other projects in Chicago have stalled. The “Chicago Spire”, which, if built, will become the world's tallest residential tower, at 610 meter high, remains a hole in the ground nearly two years after sales marketing started for its 1,193 apartments.

(All The World's a Home : Global Property News)

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