Boggi Milano, the sophisticated Italian menswear brand with a global footprint spanning 58 countries, has officially planted its flag in the U.S. market with the grand opening of its first American retail location in New York City’s fashionable SoHo district.
The 1,900-square-foot boutique at 115 Mercer Street represents just the initial phase of an aggressive expansion strategy. The luxury retailer has already secured leases for two additional high-profile Manhattan locations: an impressive 8,810-square-foot, two-story space at 527 Madison Avenue (corner of 54th Street) slated to open this spring, and a 6,000-square-foot, dual-level store at The Shops at 10 Columbus Circle, expected to welcome customers this summer.
This strategic U.S. market entry comes at a poignant moment for the company, following the recent passing of CEO and owner Carlo Zaccardi. “In these last months, Carlo taught us what it meant to fight,” said Claudio Zaccardi in a statement to Spin Off. “Carlo was a tireless worker, even his last day was spent working with his co-workers.”
Carlo Zaccardi, along with brothers Claudio and Roberto, acquired the Boggi Milano brand in 2003, transforming it into a retail powerhouse with more than 225 stores worldwide. At just 58, his untimely death after a lengthy illness left what his brother described as “a great void but at the same time an immense legacy of values and strategy.”
The Milan-headquartered brand has built its reputation on contemporary men’s tailored clothing, sportswear, and accessories, distinguishing itself through a commitment to sustainability with organic fibers, recycled materials, and innovative fabric technologies. The company’s dedication to excellence extends to its workforce, evidenced by the 2016 launch of the Boggi Milano Academy, an internal program focused on employee development and staying ahead of global fashion trends.
Industry observers will be watching closely as this Italian luxury contender establishes its American presence in one of the world’s most competitive retail markets.
In the world of luxury real estate, location remains the ultimate differentiator. Yet rarely does a development so perfectly embody the intersection of natural beauty, sophisticated design, and lifestyle potential as Residence Marina 35 at Puntone di Scarlino – a place where the authentic essence of Tuscan coastal living meets contemporary luxury.
The New Standard of Mediterranean Living
Nestled along Tuscany’s pristine coastline in the heart of Maremma, Residence Marina 35 represents more than just premium real estate—it embodies a particular philosophy of living. Situated between Via Garibaldi and Via della Dogana in the entrance area to Marina di Scarlino, the development’s 35 meticulously designed residences, ranging from 50 to 90 square meters, offer discerning buyers a rare opportunity to secure their place in one of Italy’s most coveted coastal enclaves.
What distinguishes Residence Marina 35 is its harmonious integration with both the natural landscape and the cultural fabric of Tuscany. Each residence is positioned to maximize the breathtaking sea views while providing immediate access to the sophisticated amenities of Marina di Scarlino—which is more than just a port, but a veritable ‘citadel of the sea’ offering high-quality sailing services, beautiful boutiques, excellent hospitality, and cultural initiatives.
The Maremma region itself adds a layer of authenticity to the development, with its ancestral Etruscan heritage and distinctive character. Comprising about a quarter of Tuscany’s territory between the provinces of Livorno and Grosseto, this microcosm blends sea, hill, and mountain landscapes with rich cultural traditions and renowned culinary offerings.
Design That Transcends Trends
In an era where luxury developments often prioritize ostentation over substance, Residence Marina 35 takes a more nuanced approach. Composed of two distinct building bodies with four floors above ground plus a basement level for vehicle parking, the architectural vision embraces clean lines and open spaces, utilizing materials that reference the region’s natural palette.
The high plane-volumetric configuration of the site has allowed for the mitigation of the visual impact of the buildings with respect to the environmental context. Despite having four floors above ground, the structures remain lower than surrounding buildings, giving the intervention an appropriate urban connection.
To enhance the Mediterranean climatic characteristics, the design features flat roofs and strongly overhanging terraces that effectively extend the interior living space to the outdoors, allowing residents to enjoy both the sun and panoramic sea views.
The penthouses, undoubtedly the crown jewels of the development, occupy the second and third floors with approximately 90 square meters of space. Accessible via an exclusive internal staircase leading to a large open-space living area, these units feature expansive terraces that crown the buildings and blur the boundary between indoor and outdoor living—a hallmark of Mediterranean lifestyle. These spaces are designed not merely as viewpoints but as extensions of the living area, suitable for everything from intimate dinners to larger social gatherings.
Strategic Position in the Global Context
For the international investor, Residence Marina 35 offers compelling strategic advantages. Its location provides exceptional connectivity to both celebrated destinations and hidden gems of the Mediterranean.
Marina di Scarlino is truly a sailor’s paradise. The deep Gulf of Follonica and the adjacent hills of the natural parks create a mild microclimate with ideal sea and wind conditions in every season.
The maritime connections are particularly impressive: Elba Island sits just 16 nautical miles offshore, while Corsica can be reached in a day’s sailing (60 nautical miles) and Sardinia in two days (120 nautical miles). The development also borders the islands of the National Park—Capraia, Gorgona, Pianosa, Montecristo, Giglio, and Giannutri—positioning Residence Marina 35 at the center of the Mediterranean’s yachting culture.
Meanwhile, the cultural riches of Florence, Siena, and Pisa are all easily accessible, along with the charming San Gimignano and Grosseto. This creates the perfect balance between coastal serenity and urban sophistication, complemented by excellent road, rail, and airport connections to major cities including Rome and Milan.
Investment Perspective
The Tuscan coast has historically demonstrated remarkable resilience in property values, even during global market fluctuations. Residence Marina 35 enters this market as a premium product with limited supply—a combination that traditionally supports long-term value appreciation.
The development is seeing significant interest from both European and North American buyers. Many are attracted by the investment potential, but ultimately, they’re compelled by the lifestyle proposition—the blend of Tuscan authenticity with contemporary luxury.
A Development With Distinction
What separates Residence Marina 35 from comparable developments is its holistic approach to luxury living. Rather than focusing exclusively on the properties themselves, Columbus International has considered the entire living experience—from the convenience of private basement parking to the thoughtful design of each residence type.
The development offers remarkable versatility in its residential offerings. The ground floor units (approximately 50 square meters) have direct access from the common courtyard and feature functional layouts optimized for couples. The first-floor apartments come in two configurations—70 and 80 square meters—both featuring open-space living areas with the option to separate the kitchen from the living room. The upper-floor apartments and penthouses provide the ultimate in Mediterranean living with their generous terraces and panoramic views.
Aesthetics and function, elegance and simplicity, personality and comfort are the guiding principles behind the development. Refined interior environments and attention to detail characterize each housing unit, with projects designed to meet the different needs of future residents.
This attention to lifestyle extends to the natural environment as well. Beyond the development itself lies a dense map of zero-kilometer destinations—from marine parks to unspoiled coves like the nearby Cala Violina—allowing residents to experience an authentic corner of Tuscany from enogastronomic, cultural, artistic, and landscape perspectives.
Looking Ahead
As global wealth continues to seek refuge in tangible assets that offer both lifestyle benefits and investment security, developments like Residence Marina 35 represent an important evolution in luxury real estate. By combining location excellence, architectural distinction, and lifestyle integration, Columbus International has created a compelling proposition for the discerning buyer.
The structures themselves, made of reinforced concrete and insulated with thermal blocks, have been conceived with architectural simplicity to facilitate modular internal distribution that’s as flexible as possible—adaptable to both tourist and residential needs. The apartments on upper floors are accessible from multiple stairwells and elevators that lead to common distribution balconies and individual housing units, ensuring privacy and convenience.
Residence Marina 35 invites potential owners to immerse themselves in la dolce vita at this exclusive new development in Puntone di Scarlino. This project represents the quintessence of Italy: beauty, art, history, and breathtaking landscapes, with the Maremma adding the special ingredient of authenticity.
With construction progressing on schedule and several units already reserved through private viewings across both building structures (designated B1 and B2), interested parties are encouraged to contact Columbus International directly to arrange a consultation.
Columbus International is a premier real estate development firm specializing in luxury properties throughout the Mediterranean region. With a portfolio spanning multiple countries and decades of experience, the company has established itself as a trusted partner for discerning investors seeking exceptional real estate opportunities.
For more information about Residence Marina 35 or to schedule a private viewing, contact info@columbusintl.com. Discover how you can make this authentic corner of Tuscany your own Mediterranean sanctuary.
In the vibrant landscape of New York’s art scene, a powerful new voice has emerged – one that has been quietly developing in the wings of one of contemporary art’s most recognizable names. Justine Wheeler Koons, wife of the renowned Jeff Koons, has unveiled her debut solo exhibition “Myth” at the prestigious Salon 94 gallery, marking a significant moment not just for the artist herself, but for the cultural tapestry of New York City.
At Columbus International, where we connect discerning clients with extraordinary spaces across New York, Miami, Milan, and Florence, we understand that true luxury is found in authenticity and self-expression. Wheeler Koons’ exhibition presents twelve meticulously crafted glazed stoneware sculptures that reveal a deeply personal artistic journey.
In an essay by William J. Simons, Wheeler Koons spoke of the works in the exhibition as “a personal archaeology, a journey to uncover what lies within, hidden beneath the mass of accumulated experiences.” This sentiment resonates with our approach to real estate – every property tells a story, every space holds possibilities waiting to be uncovered.
The exhibition features what Salon 94 founder Jeanne Greenberg Rohatyn describes as “a blue torso of Venus—irresistibly covered in carved replicas of toys, shaped cookies, and beads.” This striking piece exemplifies Wheeler Koons’ unique aesthetic vision.
For those who navigate New York’s elite cultural circles, Wheeler Koons has long been a fascinating presence. While her husband’s sculptures have dominated museum spaces and broken auction records, Justine has cultivated her own creative path. Since 2015, she has run the jewelry line Gus & Al with Alison Brokaw, and her colorful artworks have been featured in Harper’s Bazaar and The New York Times.
What makes this exhibition particularly compelling is the artist’s journey. In a 2015 interview with Harper’s Bazaar, Wheeler Koons revealed how she returned to painting after suffering postpartum depression following the birth of her youngest son. “For the first time ever, I just knew I had to save myself somehow, and the only way I could think of was going back to the studio and painting so there was something of me left in the picture. Painting is quite a healing process,” she shared.
Wheeler Koons described to Harper’s Bazaar how, after taking “a ton of photos” while traveling with her family, she would composite them into a collage. “It has a narrative and a story for me—a lot about looking and being looked at and ways of masking yourself.”
When asked if her works would ever be on display in a gallery, Wheeler Koons candidly replied, “I don’t think I can. Jeff has a very big shadow. He casts a really big shadow. That’s why I wanted to do the jewelry. It’s creative but completely different from Jeff’s work.”
Now, years later, Wheeler Koons has stepped confidently into the spotlight with sculptures that speak to her unique perspective as an artist, mother, and curator.
For our clients at Columbus International, Wheeler Koons’ artistic emergence parallels the journey many take in finding their ideal home – moving beyond expectations to discover authentic self-expression. Her work reminds us that the most meaningful spaces, like the most meaningful art, reflect not just aesthetic preferences but personal histories and aspirations.
“Myth” opened on February 19th, presenting twelve glazed stoneware sculptures all produced in 2024 or earlier this year. For collectors, design enthusiasts, and those who appreciate the intersection of art and life, the exhibition offers a rare opportunity to experience the debut of an artist who has been developing her vision while balancing family life and her own creative pursuits.
Columbus International is a luxury real estate boutique with offices in New York, Miami, Milan, and Florence, specializing in exceptional properties for discerning clients who value authenticity, culture, and uncompromising quality.
Historic IBM Building Hits Market at $1.1 Billion While Madison Avenue Retail Flourishes
In a pivotal moment for Manhattan’s trophy office market, the iconic 590 Madison Avenue – long known as the IBM Building – has been put up for sale with an ambitious $1.1 billion price tag. The State Teachers Retirement System of Ohio, which acquired full ownership of the property in 2015 after initially purchasing it with Edward J. Minskoff Equities in 1994, has enlisted Eastdil Secured to market the prestigious asset.
The 41-story, 1-million-square-foot Midtown tower represents the first potential billion-dollar investment sale in New York City in two years. The timing is particularly significant as it coincides with a reinvigorated retail leasing landscape across key Manhattan corridors, according to the latest Real Estate Board of New York (REBNY) report.
This is a watershed moment for Manhattan commercial real estate. The IBM Building sale will be closely watched as a barometer for how investors truly value premium Manhattan assets in the post-pandemic landscape.
While IBM itself has relocated to SL Green’s One Madison Avenue development, the property at 590 Madison continues to attract blue-chip tenants. Luxury conglomerate LVMH recently secured 150,000 square feet across four office floors at an impressive asking rent of $190 per square foot, with potential plans to expand into the building’s retail space.
Other notable tenants include Reverence Capital Partners, E.F. Hutton, and Crestview Partners. Edward J. Minskoff Equities, which continues to manage the property, is transforming IBM’s former client-facing space into premium amenities available to all tenants.
Madison Avenue’s Retail Renaissance
The iconic tower’s sale coincides with a remarkable retail recovery along Madison Avenue, particularly in the luxury corridor between 60th and 76th streets, where storefronts are nearly fully leased with prestigious brands like Giorgio Armani and Van Cleef & Arpels.
“Madison Avenue has maintained its position as one of Manhattan’s most in-demand retail destinations,” notes the REBNY report. The area has benefited from fashion retailers new to the city, including Boggi Milano at 527 Madison, part of a trend that accounted for 20% of major recent leasing deals.
The retail revival extends beyond Madison Avenue, with seven blocks of Bleecker Street in the West Village approaching full occupancy. Rockefeller Center’s retail space is now completely leased, with a new Eataly Cafe expected to open this year.
However, the recovery remains uneven. Despite increased demand, “asking rent in every corridor except Bleecker Street is at least 10% below its pre-pandemic peak,” according to REBNY’s research head Keith DeCoster. Certain areas, including Midtown Third Avenue, Times Square, and Herald Square, continue to face challenges.
IBM’s Strategic Relocation
IBM’s move from its namesake building to One Madison Avenue has helped energize the eastern portion of the Flatiron District. The tech giant’s relocation is part of a broader trend of companies seeking modernized office spaces with state-of-the-art amenities.
IBM’s new home at One Madison represents the evolution of corporate office demands in the post-pandemic era. This shift has created a domino effect of positive retail activity throughout the neighborhood.
All of One Madison’s storefronts are now leased, including to celebrated chef Daniel Boulud’s new La Tete D’or steakhouse, further enhancing the area’s appeal.
The REBNY report identified multiple factors driving Manhattan’s retail resurgence in the latter half of 2024, including a strong jobs market, healthy tourism, and “back-to-office momentum.” These elements have contributed to several large-scale retail deals, including Ikea on Fifth Avenue and Burlington on Sixth Avenue’s Ladies Mile, some spanning up to 80,000 square feet.
As Manhattan’s retail and office landscapes continue their evolution, the pending sale of 590 Madison Avenue stands as a critical test of investor confidence in New York City’s commercial real estate market. Whether the property achieves its ambitious $1.1 billion asking price could set the tone for trophy asset valuations throughout 2025.
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Looking for premium retail investment opportunities in New York City?
As Manhattan’s commercial real estate market shows signs of recovery with landmark properties changing hands and retail corridors thriving, now is the strategic time to position your portfolio for growth. The real estate specialists at Columbus International offer unparalleled expertise in NYC’s dynamic retail landscape.
Our team of seasoned professionals provides:
Exclusive access to off-market retail opportunities
Comprehensive market analysis and valuation services
Strategic acquisition and disposition guidance
Expert tenant placement and lease structuring
Custom investment strategies aligned with your financial goals
Whether you’re interested in Madison Avenue luxury retail, emerging neighborhood corridors, or trophy mixed-use properties, Columbus International delivers personalized service with global perspective.
Contact us today to explore NYC’s most promising retail investment opportunities:
Columbus International, with its signature expertise in luxury real estate across New York, Miami, Milan and Tuscany, continues to witness how exceptional dining experiences are transforming historic properties into world-class destinations. Two recent developments highlight this trend that savvy real estate investors should note.
Castello di Fighine: A Medieval Marvel Reborn Through Gastronomy
In the heart of Tuscany’s Val d’Orcia, an extraordinary transformation has occurred. What began in 1266 as a fortress granted by Frederick II of Swabia to Tancredi Campiglia has evolved into one of Italy’s most exclusive gastronomic destinations.
The once-abandoned medieval hamlet of Fighine has been meticulously restored to offer 34 luxury accommodations spread across five elegantly designed villas, two apartments, and various historic structures including a consecrated 18th-century church. The conservative yet luxurious interior design by international designers David Mlinaric and Hugh Henry creates an atmosphere of authentic country elegance with functional luxury.
At the heart of this renaissance is the Michelin-starred restaurant Castello di Fighine. Under the guidance of three-starred chef Heinz Beck (of Rome’s La Pergola) and led by talented head chef Francesco Nunziata, the restaurant offers sophisticated tasting menus (€130 for 5 courses, €150 for 7 courses) featuring locally sourced ingredients, many from the property’s organic garden.
Dining here means experiencing culinary mastery within two-meter thick stone walls, where dishes like the “Cappelletti alla Genovese with balsamic vinegar and Parmigiano fondue” blend regional Italian influences with technical precision. The restaurant’s intimate setting, with well-spaced tables and views of the surrounding greenery, creates an atmosphere of protected exclusivity.
Louis Vuitton Brings Luxury Dining to Milan’s Fashion District
Meanwhile, in Milan’s prestigious Quadrilatero della Moda, luxury fashion house Louis Vuitton is extending its brand into the culinary world with the opening of “DaV by Da Vittorio Louis Vuitton” this April. Located in Palazzo Taverna on Via Montenapoleone, the restaurant will be accessible from both the maison’s showroom and Via Bagutta.
This collaboration with the three-Michelin-starred Da Vittorio restaurant group marks Louis Vuitton’s first gastronomic venture in Italy, following successful dining establishments in France, Japan, China, and the United States. The Cerea family, owners of Da Vittorio, promise a blend of Italian culinary tradition with international creativity in a contemporary setting.
The restaurant will feature Louis Vuitton’s Art de la Table collections and design elements that blend the brand’s aesthetic with Italian cultural influences. While described as “casual dining,” this venture represents the growing intersection of high fashion and fine dining in premium real estate locations.
Columbus International: Pioneering Luxury at the Intersection of Real Estate and Lifestyle
For Columbus International’s discerning clients, these developments represent more than culinary news—they signal lucrative investment opportunities. Properties adjacent to such prestigious culinary destinations often see significant appreciation in value.
In Tuscany, Columbus International has long specialized in identifying and representing historic properties with restoration potential similar to Castello di Fighine. Our expertise in navigating Italian restoration regulations and sourcing authentic materials has helped numerous clients transform ancient structures into luxury accommodations.
In Milan, our team’s intimate knowledge of the fashion district allows us to identify properties with potential for luxury brand partnerships or high-end commercial conversions. The Louis Vuitton restaurant exemplifies how historic palazzos can be reimagined for contemporary luxury experiences while maintaining their architectural integrity.
Whether you’re seeking a Tuscan estate with culinary potential or a Milan property in proximity to luxury retail and dining experiences, Columbus International’s boutique approach ensures personalized guidance through every aspect of acquisition, restoration, and potential commercial partnerships.
As these two distinctive developments demonstrate, the intersection of historic properties and exceptional dining creates a uniquely compelling value proposition in luxury real estate—an area where Columbus International continues to lead with unparalleled expertise and vision.
Columbus International: Your Gateway to Premier Real Estate Markets
As a distinguished real estate boutique connecting the vibrant markets of New York, Miami, Milan, and Florence, Columbus International presents exclusive insights into luxury real estate trends. Our expertise in facilitating cross-market investments positions us uniquely to analyze emerging patterns in high-end property movements.
The transformation of Palm Beach’s real estate landscape tells a compelling story of wealth migration that began during the COVID-19 pandemic and continues to reshape Florida’s luxury property market. What started as a temporary exodus from Manhattan has evolved into a permanent shift in how high-net-worth individuals view their residential choices.
The surge in demand for Palm Beach properties has been nothing short of extraordinary. By April 2022, the median home price in this exclusive enclave of fewer than 10,000 residents reached an astounding $4.15 million. While prices have slightly adjusted since then, they remain significantly elevated compared to pre-pandemic levels.
This wealth migration from New York City has fundamentally altered the market dynamics in Palm Beach. Analytics reveal a striking trend: in 2019, New York-based viewers accounted for just 6.5% of Palm Beach County listing views. By 2023, this figure had surged to 19.6% – representing one in five potential buyers.
The impact of this migration becomes even more apparent when examining driver’s license data. In 2022 alone, 8,059 New Yorkers exchanged their licenses for Florida credentials in Palm Beach County. Perhaps more telling is that in 2021, 41% of all transplants to the area originated from New York City, bringing with them an average annual income of $728,000.
Entrepreneurship always flows to some new place, and COVID-19 broke long-established habits long enough to allow the formation of new ones, supercharging these migration patterns. The results are evident in the numbers: Palm Beach County’s median single-family home price jumped from $370,000 in 2019 to $665,000 in 2024 – an 89% increase.
The luxury segment has experienced even more dramatic growth. Between 2019 and 2024, sales of homes priced at $2,000 per square foot surged by 640%. Ultra-luxury properties, valued at $20 million or more, saw a 500% increase in sales during the same period. January 2025 alone recorded six transactions exceeding $20 million – more than the entire year of 2019.
The inventory landscape further reflects this transformation. From September 2019 to January 2025, while the median listing price nearly doubled to $2.9 million, the number of available homes priced above $1 million dropped by half, from 313 to 137.
This unprecedented market evolution stems from wealthy New Yorkers creating an appetite for product price points that basically didn’t exist before. The combination of limited buildable land and rising construction costs ensures that this high-end market transformation will likely persist, reshaping South Florida’s luxury real estate landscape for years to come.
Columbus International expertly navigates these evolving market dynamics, offering investors unique opportunities to establish roots in four of the world’s most prestigious real estate markets. Our boutique approach ensures personalized service while leveraging deep market knowledge across New York, Miami, Milan, and Florence.
Contact Columbus International to explore premium investment opportunities in these thriving markets: info@columbusintl.com
For expert guidance on Milan’s luxury real estate market, contact Columbus International Real Estate, with offices in Milan, Florence, New York, and Miami. Our team of multilingual specialists offers unparalleled insights into Milan’s investment landscape.
Salt Bae Signs Deal for Luxury Milan Location, Confirming Italy’s Appeal to Global Investors
The expansion of celebrity restaurateur Nusret Gökçe—better known as Salt Bae—into Milan’s luxury hospitality scene represents more than just another dining establishment. It signals Milan’s continued strength as a prime location for premium commercial real estate investment.
After much speculation, the Turkish butcher-turned-global phenomenon has officially signed an agreement to open his newest restaurant in Casa Brera, a recently launched luxury hotel in Milan’s historic Piazzetta Bossi. This development marks a significant vote of confidence in Milan’s high-end commercial property market.
The luxury hospitality sector in Milan has shown remarkable resilience in recent years, with premium brands continuing to seek flagship locations in the city center. Salt Bae’s expansion follows this trend, with the restaurateur strategically establishing his Italian presence after previous openings in Rome and Naples.
The property deal was signed with real estate developer Giuseppe Statuto, owner of the Casa Brera property, rather than with the Marriott Group who manages the hotel operations. This arrangement highlights the complex ownership structures often seen in Milan’s premium hospitality sector.
Casa Brera, which opened in 2024 as the debut property for Marriott’s “Casa Brera” brand within its Luxury Collection, occupies a meticulously restored twentieth-century palazzo designed by Pietro Lingeri, with interiors by acclaimed designer Patricia Urquiola. The property already houses multiple dining concepts overseen by renowned chefs Andrea Berton and Haruo Ichikawa.
Industry observers note that Salt Bae’s restaurant will likely occupy the rooftop space currently home to Etereo, taking advantage of Casa Brera’s panoramic views and statement swimming pool. This strategic positioning aligns with the showmanship that has made Nusret’s restaurants global destinations.
Market Implications
The continued investment in Milan’s luxury commercial properties reflects the city’s enduring appeal as a fashion and design capital. High-profile restaurant openings like Salt Bae’s establishment tend to enhance surrounding property values and attract additional investment to neighborhoods.
The timing of this expansion is particularly notable as it demonstrates confidence in Milan’s post-pandemic recovery and long-term growth prospects in the luxury sector.
Columbus International, your trusted real estate boutique specializing in Miami’s most exclusive properties, has witnessed firsthand the transformation of South Florida into a global ultra-luxury destination. With decades of experience in facilitating transactions for clients with various wealth levels and a deep understanding of local market dynamics, Columbus International stands out as the premier choice for discerning investors looking to capitalize on Miami’s unparalleled real estate boom.
What some might call a bubble, market experts define as the new normal in South Florida’s ultra-luxury real estate sector. As the region continues to attract global wealth and corporate relocations, nine-figure properties have become increasingly common in Miami-Dade and Palm Beach counties.
The first quarter of 2025 has already seen several properties commanding astronomical prices, both on and off the market. Among these prestigious offerings is the magnificent Banyan Ridge Estate, a 11,855-square-foot masterpiece in Coconut Grove, currently available at $135 million. Meanwhile, a rare three-house compound in Miami Beach has hit the market at $150 million, offering an unprecedented opportunity for the ultra-wealthy buyer seeking the ultimate in privacy and luxury.
The northern corridor of South Florida’s luxury real estate market is equally robust, with a remarkable spec house in Manalapan commanding attention at $285 million. Adding to the intrigue, sources indicate that a custom-built residence on the prestigious Indian Creek Island, owned by a prominent sports figure, might be quietly available at $150 million.
These stratospheric prices, while striking, reflect a fundamental shift in South Florida’s luxury real estate landscape since the pandemic. The region’s appeal to ultra-high-net-worth individuals, attracted by the favorable tax climate and year-round sunshine, has created a new benchmark for luxury properties. This trend was solidified when a prominent hedge fund billionaire acquired portions of his Palm Beach compound for over $100 million in separate transactions during 2019 and 2022.
In Naples, on the Gulf coast of the peninsula, a vast estate at 100 Bay Road, known as Gordon Pointe, made headlines last year when it was listed for $295 million. The asking price was subsequently reduced to $210 million. The latest record was set in Miami when an Australian infrastructure investor purchased 10 Tarpon Isle in Palm Beach for $152 million last May. Miami’s condo market is seeing similar prices. Notably, a well-known tech entrepreneur is said to be considering a $100 million condo in West Palm Beach.
Billionaires bring their businesses with them. Along with several Fortune 500 companies that have relocated to South Florida in recent years, last month Amazon signed a lease for 50,333 square feet of space at Miami’s Wynwood Plaza. But while some link the sky-high listings to a real estate bubble that experts warn is growing in Miami, according to the CEO of a major appraisal firm, these properties are in a category of their own.
“The super-luxury market segment has very little to do with the local real estate market,” says an expert. “A $150 million sale is a global listing.”
Agents are capitalizing on this momentum. There were seven closings over $100 million in 2024, the second-highest per year in US history after nine in 2021. And for every shocking list price that gets media attention, several other properties are kept secretly off-market.
The values of these properties haven’t quintupled overnight. A large amount of wealth has poured into Florida and the perception of value has changed.
The elections have also given confidence to the market. As is common nowadays, value is often perceived in terms of how little work a home needs. Defining the phenomenon as the “Uber or Amazon effect,” buyers want instant gratification: “A billionaire, for whom money is not an issue, seeks to save time and have the perfect home.”
With 13 bedrooms and 18 bathrooms, 3585 Anchorage Way boasts more than 180 feet of waterfront across seven lots on Biscayne Bay. The estate also features a century-old banyan tree, waterfalls, a saltwater fish pond, and an infinity pool.
The property on Indian Creek Island Road was built from scratch after purchasing the lot for $17 million in 2020. The bayfront home has a pool, a separate gym, and a cabana.
The property at 190 Palm Avenue comprises three mansions with a total of 21 bedrooms, plus three pools, parking for 20 cars, and 300 feet of waterfront with multiple docks.
The comparable prices are there because there have been, in the last six months, highly publicized and significant deals in this order of magnitude. Linear feet of ocean frontage are the new luxury, the new bragging rights.
In the heart of New York City’s SoHo district, at 57 Great Jones Street – once Jean-Michel Basquiat’s studio – Angelina Jolie has launched a groundbreaking fashion venture that challenges industry norms. Atelier Jolie isn’t just another celebrity fashion brand; it’s a creative sanctuary where sustainability meets craftsmanship, bringing together diverse talents and innovative approaches to fashion.
https://www.youtube.com/shorts/4vjwmGHurSg
The historic building’s graffitied facade, a tribute to its artistic legacy, slides back during operating hours to reveal modern glass windows. Inside, the space is staffed by Parsons School of Design students and alumni, creating an environment where education meets innovation. The ground floor houses screen printing facilities, while the basement serves as a painting room. Upstairs, an airy atelier space with exposed wooden beams and vintage sewing machines welcomes clients for bespoke tailoring.
What sets Atelier Jolie apart is its democratic approach to luxury fashion. Customers can collaborate with skilled artisans to customize pieces from the house collection, which includes everything from fluid trench coats to crisp suiting, with prices ranging from $15 for customizable T-shirts to $575 for intricately designed maxi dresses. The space also showcases collections from various sustainable fashion brands, all available for personalization.
The atelier also partners with Eat Offbeat, a women-founded café that employs refugee chefs, adding another layer to its community-focused mission. The space features workshops on innovative upcycling techniques, proving that sustainable fashion can be sophisticated rather than simply “shabby chic.”
“There is so much happening that divides us, and it’s essential that we create and share time together,” Jolie explains. The atelier stands as a testament to this philosophy, offering not just a retail space but a creative hub where sustainability, craftsmanship, and community converge. Through collaborations with various visionaries and designers, Atelier Jolie is proving that ethical fashion can be both luxurious and accessible, paving the way for a more inclusive and sustainable fashion future.
Italy’s financial hub continues to dominate the national real estate landscape, with growth projections cementing its position as a leader in the premium property market. A comprehensive analysis by Tecnocasa reveals an evolving market where property quality increasingly dictates valuation.
Market Overview
Milan continues to lead the Italian real estate sector, with projected price increases of 2-4% for 2025. This upward trajectory extends across most of Lombardy, with Sondrio being the only exception, facing a potential 3% decline.
Market Catalysts
According to Fabiana Megliola, Tecnocasa’s Head of Research, two key factors are driving market momentum: “Lower mortgage rates combined with recent Revenue Agency data point to a rebound in transactions for 2025.” The sector receives additional support from the Consap Fund’s mortgage guarantee program for young buyers, extended through 2027, which could stimulate entry-level market activity.
Growing Market Divide
A clear pattern is emerging: the market is splitting between high-quality properties and aging ones. Premium properties featuring superior energy efficiency and prime locations are expected to appreciate steadily. In contrast, properties requiring substantial renovation may face value depreciation, particularly given new European energy regulations and reduced renovation tax incentives.
Rental Sector Dynamics
The rental market exhibits robust growth, with rates trending upward due to strong demand. A notable shift is occurring as property owners consider moving from short-term to long-term rentals, potentially reshaping the sector’s landscape.
Investment Prospects
Milan’s real estate sector remains highly attractive to investors across both short-term and traditional rental markets. Tourist destinations continue to draw international investment, underscoring the resilience of the luxury property segment.
Strategic Outlook
2025 appears poised to be a year of market maturation in Milan’s real estate sector, with property quality emerging as the key determinant of investment success. Investors should prioritize construction standards and location – factors that will increasingly influence long-term value appreciation.
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The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
