real estate

Miami’s Next Real Estate Boom: Why Savvy Investors Are Eyeing 2025-2026

By Columbus International,19 November 2024

The Miami skyline tells a story of transformation, but beneath the glittering facade lies an overlooked opportunity that sophisticated investors are quietly positioning themselves to capture. As the dust settles from the post-pandemic surge, a perfect storm of market conditions is brewing for 2025-2026.

The Hidden Supply Crisis in Luxury Rentals

While headlines focus on Miami’s luxury condo market, a more compelling narrative is unfolding in the high-end rental sector. Brickell, Miami’s financial nerve center, hasn’t welcomed a new market-rate apartment development since 2019. This supply drought, combined with soaring office occupancy rates and expanding financial sector presence, creates a unique arbitrage opportunity for institutional investors.

Follow the Money: Financial Giants Double Down

JP Morgan’s recent decision to double its Brickell footprint isn’t just another corporate expansion – it’s a harbinger of a larger shift. When Paul Singer’s Elliott Investment Management commits $443 million to acquire 701 Brickell, it signals something bigger than just a real estate play. These moves suggest a longer-term bet on Miami’s evolution into a serious financial hub, one that will require sophisticated housing solutions for a growing professional class.

The Demographics Don’t Lie

The numbers paint a compelling picture: Brickell’s $185,585 mean household income isn’t just a statistic – it represents a fundamental shift in Miami’s tenant base. This isn’t the Miami of vacation homes and retirees; it’s increasingly the domain of high-earning professionals seeking quality rental housing. With private-sector job growth outpacing the national average by 107%, the demand pressure on luxury rentals is set to intensify.

Smart Money’s New Playbook

Institutional investors like Empira Group, with €9 billion in assets under management, are already executing on this thesis. Their focus on Class A multifamily developments in premium locations suggests a sophisticated understanding of where the market is headed. The key insight: Miami’s luxury rental market isn’t just about housing – it’s about lifestyle infrastructure for a new generation of high-income professionals.

Why 2025-2026 Matters

As interest rates normalize and construction costs stabilize, the window for optimal market entry is approaching. But the real opportunity isn’t just about timing the market – it’s about positioning for a fundamental shift in Miami’s real estate landscape. The convergence of limited new supply, strong demographic trends, and institutional capital flows suggests a market primed for sophisticated investors who can execute on complex, large-scale residential projects.

The Bottom Line

For investors seeking alpha in real estate, Miami’s 2025-2026 window presents a rare opportunity to capitalize on a market inefficiency. While others chase headlines in the condo market, smart money is quietly assembling positions in the luxury rental sector, betting on a fundamental transformation of Miami’s real estate landscape.

As one prominent developer recently noted off the record, “Miami’s next chapter isn’t about selling dreams to tourists – it’s about building infrastructure for global finance.” For investors who can read between the lines, that might be the most valuable insight of all.

New York City Council Passes Landmark Law Shifting Broker Fees from Tenants to Landlords

By Columbus International,15 November 2024

The New York City Council passed groundbreaking legislation Wednesday requiring landlords, not tenants, to pay real estate broker fees. The Fairness in Apartment Rental Expenses (F.A.R.E.) Act passed with a veto-proof majority of 42-51 votes.

The law establishes a simple principle: whoever hires the broker must pay their fee. This marks a significant shift from New York’s unique system where tenants typically pay broker fees amounting to 12-15% of annual rent, despite landlords hiring the brokers.

“What other industry exists where someone else orders something, and then someone else has to pay for it?” said Councilmember Chi Ossé, who introduced the legislation. The new law aims to reduce upfront costs for renters, who currently often need around $10,000 to secure a one-bedroom apartment when combining broker fees, first month’s rent, and security deposits.

Council Member Chris Marte praised the legislation as “monumental,” suggesting it breaks the brokers’ monopolistic control over housing accessibility.

Industry Pushback and Mayor’s Concerns

Real estate groups strongly oppose the law, arguing landlords will simply incorporate broker fees into higher rents. Bess Freedman, CEO of Brown Harris Stevens, contends that “almost 50 percent of units are no-fee apartments” and fees are negotiable.

Mayor Eric Adams expressed concern that the legislation could transform one-time broker fees into permanent rent increases. However, Ossé counters this argument on two fronts:

Such increases would be illegal for the city’s 47% rent-stabilized apartments
Market forces, not landlord preferences, determine rent levels

“If your landlord could increase your rent tomorrow, they would have done so yesterday. They’re not holding back,” Ossé argued.

Implementation Timeline

The F.A.R.E. Act will become law either with the mayor’s signature within 30 days or automatically if unsigned. The law takes effect 180 days after enactment, aligning New York with standard practices in other major U.S. cities.

Miami Real Estate Forum: Migration Trend Persists Despite Market Challenges

By Columbus International,12 November 2024

South Florida’s real estate boom shows no signs of slowing, according to industry leaders at The Real Deal‘s recent South Florida Real Estate Forum. Despite rising costs and limited inventory, the region continues to attract investors and residents, distinguishing itself from other major U.S. markets.

The two-day forum, hosted at Mana Wynwood on November 6-7, drew an impressive crowd of over 6,000 real estate professionals and featured more than 50 speakers across 80 exhibitor booths. The event showcased the enduring strength of South Florida’s real estate market, even as other regions face significant headwinds.

Industry Leaders Take Center Stage

The forum’s star-studded lineup included several notable speakers:

WeWork founder and billionaire Adam Neumann discussed his new venture, Flow, revealing stronger-than-average NOI growth in their rental properties
Douglas Elliman’s newly appointed CEO Michael Liebowitz made his first major public appearance
Terra CEO David Martin shared insights on government relations and development strategies
Celebrity brokers Ryan Serhant and Pam Liebman hosted exclusive VIP breakfasts

Market Insights: Challenges and Opportunities

Multifamily Sector

Miami Worldcenter’s master developer, Nitin Motwani, maintains an optimistic outlook on apartment rental growth in South Florida. However, developers acknowledge current market realities:

Rent growth has plateaued due to substantial new inventory
Construction costs are outpacing inflation
Higher interest rates are impacting construction financing

Development Landscape

Key challenges facing developers include:

Shortage of qualified subcontractors for high-end construction
Escalating insurance and land costs
Supply chain concerns, particularly regarding potential tariff impacts

Single-Family Market

Veteran developer Todd Michael Glaser reported a strategic shift toward renovation projects rather than new construction, citing unfavorable economics for ground-up development of luxury homes.

Looking Ahead

Despite these challenges, South Florida’s real estate market continues to benefit from several advantages:

Sustained migration from other states
Strong demand across residential and commercial sectors
Continued interest from high-net-worth individuals and institutional investors

The pandemic-driven surge in South Florida real estate may have moderated, but the region’s fundamental appeal remains strong. With its favorable tax environment, growing business ecosystem, and lifestyle benefits, industry leaders expect the “flight to Florida” trend to persist, even as the market adapts to new economic realitie

Real Estate’s Pre-Election Surge Meets Housing Crisis: Analyzing Market Trends and Campaign Solutions

By Columbus International,4 November 2024

As the presidential election approaches, real estate markets are defying historical patterns while confronting a deepening housing affordability crisis. This unusual convergence is forcing both candidates to address immediate market dynamics and long-term housing challenges.

Market Shows Unexpected Resilience

While presidential elections typically trigger real estate hesitancy, major metropolitan areas are experiencing what industry leaders call a “pre-election bump.” The Witkoff Group and Naftali Group report combined sales exceeding $503 million this year in Manhattan alone, with flagship projects like One High Line doubling October sales compared to summer figures.

“The strong sales momentum wasn’t something we necessarily expected,” notes The Witkoff Group co-CEO Alex Witkoff. “It suggests growing sentiment among buyers who recognize the opportunity to secure prime real estate assets amid potential regulatory changes.”

Housing Crisis Demands Solutions

This market vitality, however, masks a broader housing affordability crisis. Home prices have surged approximately 50% in the last five years, significantly outpacing wage growth. Both candidates acknowledge the severity of the situation, though their proposed solutions differ markedly.

Harris’s Comprehensive Approach

Vice President Harris’s strategy combines market intervention with consumer protection:

Supply Expansion: Plans to construct three million new housing units through:
- Enhanced tax credits for affordable rental housing
- New incentives for starter home construction
- $40 billion fund for innovative construction methods
Buyer Support: Proposes $25,000 in down payment assistance for first-time buyers
- Supporters view it as crucial for homeownership access
- Critics, including AEI economist Michael Strain, warn of potential price inflation
Market Regulation: Legislation targeting corporate landlords and algorithmic pricing

Trump’s Market-Driven Solutions

Former President Trump, leveraging his real estate background, emphasizes deregulation and broader economic factors:

Expanded housing development on federal lands
Streamlined construction regulations
Focus on reducing mortgage rates through economic policy
Immigration reform to address housing demand pressures

Market Implications and Industry Response

“The real estate landscape prioritizes long-term stability over electoral outcomes,” explains Naftali Group Chairman Miki Naftali. “Buyers in top markets are sophisticated and focus on fundamentals.”

The current surge in luxury real estate activity suggests investors are looking beyond immediate political uncertainty. However, industry experts note that addressing the broader housing crisis requires balancing market dynamics with accessibility:

Local factors continue driving luxury market decisions
Supply constraints remain a critical challenge
Mortgage rates, currently at 6.72%, influence buyer behavior
Construction financing availability affects development pipelines

Looking Beyond Election Day

While markets may appear neutral, the industry recognizes distinct implications from each candidate’s approach. Harris’s interventionist strategy promises more direct support for affordable housing but raises questions about market efficiency. Trump’s deregulatory focus appeals to developers but faces challenges in addressing immediate affordability concerns.

“Either candidate will need to focus on getting the economy better,” notes Naftali. “The winner’s ability to implement their housing agenda while maintaining market stability will be crucial for the industry’s long-term health.”

As election day approaches, the real estate sector’s unusual resilience, combined with pressing affordability challenges, suggests that housing policy will remain a critical focus regardless of the outcome. The industry’s ability to adapt to new regulatory frameworks while addressing accessibility concerns will likely define its trajectory in the coming years.

Iconic MetLife Building to Welcome Upscale Italian Eatery in Multi-Million Deal

By Columbus International,31 October 20249 November 2024

In a move set to reshape Midtown Manhattan’s dining landscape, the team behind the successful La Pecora Bianca restaurant empire is expanding their culinary footprint with an ambitious new venture: Giulietta.

The hospitality group has inked a 15-year lease with Irvine Company for a sprawling 11,300-square-foot space at the base of the legendary MetLife Building at 200 Park Avenue. The deal marks one of the most significant restaurant leases in post-pandemic Manhattan, highlighting renewed confidence in the city’s commercial dining sector.

Giulietta isn’t just another Italian restaurant – it’s positioning itself as a dining destination, with plans for 250 indoor seats and an additional 200-seat outdoor area complete with a bar setup. The indoor-outdoor flow is designed to capitalize on the building’s prime location, offering diners a slice of Manhattan ambiance alongside their pasta.

“This is a statement about the future of New York City dining,” says a restaurant industry analyst who asked to remain anonymous. “When established restaurateurs make long-term commitments of this scale, it signals strong faith in the market’s recovery.”

The deal represents a strategic win for Irvine Company, which took full ownership of the 3.1-million-square-foot office tower in May. Roger DeWames, president of Irvine Company Office Properties, frames Giulietta as a crucial piece in the building’s evolving retail strategy. “Giulietta is the latest example of our continuous commitment to excellence,” he noted, suggesting it complements recent retail additions to the property.

The restaurant, slated to open in spring 2026, was brokered by hospitality specialist Friend of Chef representing the restaurant group, while CBRE – which conveniently headquarters in the same building – represented Irvine Company.

For food enthusiasts and Manhattan power lunchers alike, Giulietta’s arrival promises to add another compelling option to Midtown’s competitive dining scene. With La Pecora Bianca’s proven track record in delivering upscale Italian dining experiences, expectations are high for this new venture in one of New York’s most iconic commercial addresses.

A photo of MetLife via Wikipedia | David Shankbone

Milan’s Luxury Real Estate Market Reaches New Heights Despite Supply Constraints

By Columbus International,30 October 20249 November 2024

Based on the latest Exclusive Residences Observatory by Tirelli & Partners, Milan’s luxury real estate sector is exhibiting exceptional resilience. The prestigious Quadrilatero district has achieved unprecedented valuations, reaching €37,000 per square meter in 2024—representing a remarkable 40% appreciation since 2020. This trajectory has solidified Milan’s position as a premier destination for global real estate investment.

From our vantage point at Columbus International—a boutique real estate firm strategically located at Via San Raffaele 1, 20121, Milan—we’ve identified a clear bifurcation in Milan’s luxury market: The ultra-premium sector (above €6 million) maintains robust performance, propelled by international investors and returning Italian expatriates leveraging favorable tax incentives. Meanwhile, the €1-3 million segment demonstrates more conservative growth patterns.

Market Dynamics The premium segment (€3+ million) and ultra-luxury tier (€6+ million) continue attracting substantial interest, predominantly from tax-advantaged international buyers. Supply constraints and stringent quality requirements pose ongoing challenges, though premium properties consistently secure motivated buyers swiftly with minimal price negotiation.

Entry-level luxury (€1-2 million) and mid-tier segments (€2-3 million) reflect more measured domestic demand, characterized by upgrade-oriented rather than expansionary purchases. An increasing quality differential between new developments and existing inventory has emerged, with contemporary technological amenities and architectural innovations diminishing the competitiveness of legacy properties.

Key Performance Metrics

Market absorption rates declined 3.5%, most notably in prime locations like Brera, where quality inventory remains scarce
Sales cycles now exceed 6 months—a threshold unseen in four years
Price negotiations average 6.7%, though premium properties frequently command full asking prices
The Quadrilatero leads value appreciation, while peripheral areas such as Magenta register modest 1% gains

Market Outlook The entry-level luxury segment anticipates stable transaction volume, potentially catalyzed by favorable interest rates and robust equity markets. The ultra-luxury segment is positioned for continued growth, driven by international demand and Milan’s enduring tax advantages, despite recent flat tax modifications.

Columbus International’s strategic position bridging Italian and American real estate markets enables us to serve both international investors and local clientele seeking premium properties. We welcome interested parties to our offices at Via San Raffaele 1, where our expert team provides comprehensive insights into Milan’s evolving luxury real estate landscape.

Bridging Italian and American Markets: Columbus International Rides the Wave of Luxury Residences in New York’s Renowned Madison Avenue

By Columbus International,29 October 2024

New York’s famous Madison Avenue is undergoing an extraordinary renaissance, particularly in the luxury real estate sector. We at Columbus International, a boutique real estate firm that serves as a unique bridge between the Italian (Milan and Tuscany) and American (New York and Miami) markets, are well-positioned to capitalize on this trend.

The impact of the pandemic on Madison Avenue’s stores was undeniable, but luxury retailers are now returning in force, infusing new life into this renowned shopping district. Prestigious brands like IWC Schaffhausen and Boucheron have recently opened flagship stores, signaling a renewed confidence in the avenue’s appeal.

Accompanying this commercial resurgence is a wave of luxury residential developments, which underscores the eternal allure of Madison Avenue as a premier destination. Recently, the Giorgio Armani branded residences at 760 Madison Ave., with their 10 coveted apartments, were quickly sold out, exemplifying the insatiable demand for high-end properties in this iconic location.

But the true jewel in Madison Avenue’s crown could be the upcoming The Surrey, a new five-star Corinthia hotel developed by the British Reuben Brothers. Poised to challenge the city’s other grand hotels, The Surrey boasts 14 exclusive residences that have already captured half the market. “The Surrey was built as a residential hotel in 1926 and has always been the home away from home for many famous New Yorkers,” explains a spokesperson. “Most of the buyers so far are people who live in New York, many in the neighborhood. These are legacy transactions, where people say, ‘I would like to pass this on to future generations, because it is so rare.'”

As Columbus International’s portfolio expands to include these coveted Madison Avenue properties, the company’s unique position as a bridge between Italy and America becomes increasingly valuable. Our clients in Milan and Tuscany are increasingly drawn to the allure of New York’s luxury residences. By offering them direct access to the most prestigious addresses on Madison Avenue, we are not only fulfilling their desires, but also strengthening the cultural and economic ties between our two markets.

With the “luxury residences” trend in New York showing no signs of slowing down, Columbus International is poised to ride this wave of exclusivity, consolidating its reputation as a premier real estate partner for discerning clients on both sides of the Atlantic.

Photo via The Surrey

Revolutionary Market Analysis Reveals: Manhattan Condo Price Could Secure a Majestic Tuscan Villa

By Columbus International,25 October 2024

A groundbreaking market analysis, capturing the attention of both savvy investors and lifestyle seekers, reveals that the price of a modest Manhattan apartment could secure a majestic Tuscan villa – a discovery that’s redefining how international buyers approach luxury real estate investments.

The Value Proposition

Recent market data analyzed by Columbus International, a leading real estate firm managing opportunities between New York/Miami and Florence/Milan, confirms research from My Dolce Casa demonstrating that $750,000 – the current price point for a 500-square-foot Manhattan apartment – could secure a magnificent 3,200-square-foot villa among Tuscany’s renowned landscapes. This value disparity is driving a new wave of strategic investment decisions among discerning buyers.

What we’re observing is a fundamental shift in how sophisticated investors approach the luxury real estate market. Our clients increasingly recognize that Tuscany offers not just lifestyle benefits, but also compelling investment opportunities with strong appreciation potential.

Breaking Down the Numbers

The current Manhattan real estate market presents sobering statistics:

Median listing price: $1,500 per square foot
Average 500-square-foot apartment: $750,000
Limited appreciation potential in an oversaturated market

In contrast, Tuscan properties offer:

Average price: $237 per square foot
Equivalent investment yields: 3,200 square feet
Additional amenities: private grounds, historic architecture, and often, olive groves or vineyards

The Columbus International Advantage

With years of experience bridging U.S. and Italian luxury real estate markets, Columbus International has developed unparalleled expertise in managing “overseas” transactions. Our company’s dedicated team of brokers, with offices in New York, Miami, Milan, and Florence, offers:

Comprehensive market intelligence across both continents
Expert guidance on international property laws and regulations
Access to exclusive off-market properties
Full-service support from initial search through closing and beyond

Investment Outlook

The Tuscan real estate market presents a unique combination of stability and growth potential. Unlike the volatility we’re observing in major U.S. urban markets, Tuscan properties have historically demonstrated steady appreciation while offering immediate lifestyle benefits and potential rental income streams.

Recent market trends indicate:

5-7% annual appreciation in prime Tuscan locations
Growing demand from international investors
Increasing scarcity of historic properties in premier locations

Beyond the Investment

While the financial advantages are compelling, Columbus International’s clients frequently cite additional benefits:

Rich cultural heritage
World-renowned culinary scene
Excellent healthcare system
Strategic location for European travel
Strong expat communities

Making the Transition

Columbus International has the advantage of simplifying the property acquisition process by guiding clients through every aspect of their investment journey, from property selection to relocation services.

For those considering this investment strategy, Columbus International offers private consultations with our team of expert brokers, specialized in both New York and Tuscan real estate markets.

Our deep understanding of both markets ensures clients receive comprehensive guidance tailored to their specific investment goals and lifestyle aspirations.

To learn more about investing in Tuscan properties or to schedule a consultation with a Columbus International broker, email info@columbusintl.com.

Rockefeller Legacy: From Personal Drama to Real Estate Triumph

By Columbus International,16 October 2024

In the ever-evolving landscape of New York City real estate, few names carry as much weight as Rockefeller. From scandalous personal histories to groundbreaking new attractions and high-stakes financial maneuvers, the Rockefeller legacy continues to shape the city’s skyline and capture the public’s imagination.

The Woman Behind the Legend

The recent passing of Megan Marshack at 70 has reignited interest in one of the most intriguing chapters of the Rockefeller saga. As a young aide to Nelson A. Rockefeller, Marshack found herself at the center of a media storm following the former vice president’s sudden death in 1979. For decades, she maintained a steadfast silence about their relationship, fueling endless speculation.

In a final act of discretion – or perhaps revelation – Marshack penned her own obituary, offering tantalizing hints about her association with Rockefeller. Quoting the musical “A Chorus Line,” she wrote that she “won’t forget, can’t regret what I did for love.” This cryptic farewell leaves real estate enthusiasts and history buffs alike to ponder the true nature of their connection and its impact on the Rockefeller empire.

Rockefeller Center: Rising to New Heights

While the past may be shrouded in mystery, Rockefeller Center is firmly focused on the future. The iconic complex has unveiled its latest attraction: Skylift, a jaw-dropping ride that elevates visitors 900 feet above the city for breathtaking 360-degree views.

This $35 add-on to the Top of the Rock experience represents more than just a thrilling ride; it’s a bold statement about the enduring appeal of prime real estate. In a city where views are currency, Rockefeller Center is literally raising the bar, offering an unparalleled perspective on the Manhattan skyline.

Financial Fortitude in Uncertain Times

As impressive as the new Skylift may be, the real high-wire act is happening behind the scenes. Tishman Speyer, the owner of Rockefeller Center, is seeking a staggering $3.5 billion refinancing deal. In a market where office properties are struggling, this move is being closely watched as a potential bellwether for the industry.

With a 95% occupancy rate and diverse income streams from office tenants, retail spaces, NBC Studios, and tourist attractions, Rockefeller Center stands out as a beacon of stability in choppy waters. If successful, this refinancing could signal a turning point for high-quality office properties, separating the wheat from the chaff in a sector battered by remote work trends and economic uncertainty.

The Future of Urban Real Estate

The Rockefeller Center saga encapsulates the challenges and opportunities facing urban real estate in the post-pandemic era. While many office buildings struggle with high vacancy rates and uncertain futures, prime properties in iconic locations are proving their resilience.

Investors and lenders are becoming increasingly discerning, favoring well-maintained, amenity-rich buildings in prime locations. The success or failure of Rockefeller Center’s refinancing bid could set the tone for the market, potentially unlocking capital for other top-tier properties while leaving less desirable assets out in the cold.

As New York City and other urban centers grapple with the changing nature of work and city life, the Rockefeller name once again finds itself at the center of the conversation. From personal intrigue to architectural innovation and high-stakes finance, the Rockefeller legacy continues to shape the very fabric of the city – one story, and one skyscraper, at a time.

Photo via Rockefeller Center

Tom Cruise’s Clearwater Penthouse Emerges Unscathed from Hurricane Milton’s Fury

By Columbus International,11 October 202411 October 2024

In a twist of fate that mirrors the action star’s on-screen escapades, Tom Cruise’s multimillion-dollar penthouse in Clearwater, Florida, has emerged victorious against the wrath of Hurricane Milton. The storm, initially forecasted to be a potential Category 5 monster, ultimately spared the actor’s prized real estate investment and the surrounding area from significant damage.

A Storm’s Unexpected Turn

Hurricane Milton, which had meteorologists and Florida residents on high alert, took an unexpected turn just before making landfall. Florida Governor Ron DeSantis reported in a Thursday briefing, “While the storm was significant, we fortunately avoided the worst-case scenario.” In a rare meteorological event, Tampa even experienced a reverse storm surge, pushing water away from the city rather than inundating it.

Cruise’s Clearwater Castle Stands Tall

The “Mission: Impossible” star’s 20,000-square-foot penthouse, valued at tens of millions, weathered the storm without a scratch. Located just blocks from the Church of Scientology’s international headquarters, Cruise’s two-story luxury abode boasts amenities fit for Hollywood royalty:

A 39-foot rooftop lap pool
A private car elevator
A flight simulator
An infinity pool
A hot tub
An outdoor dining area

All of these extravagant features remained intact post-hurricane, according to exclusive photos obtained by this publication.

The SkyView: From Modest Plans to Mega-Mansion

Cruise’s penthouse, part of the SkyView complex, was originally conceptualized by Scientologist developer Moises Agami as a more modest residential project. However, as plans evolved, the building transformed into the home of Cruise’s deluxe penthouse. The actor purchased the property in 2016 after selling his Beverly Hills estate for $39 million, strategically positioning himself near the Scientology headquarters.

Scientology’s Storm Preparedness

The Church of Scientology, of which Cruise is a prominent member, also reported no damage to its nearby headquarters. In a statement released prior to the hurricane’s arrival, the organization emphasized its thorough preparation efforts: “We have completed all necessary measures to secure our staff, parishioners, and neighbors, including boarding up all windows and vulnerable access points to our properties and those of all shops in the downtown area.”

A Star’s Distant Concern

While his Florida home faced down Hurricane Milton, Cruise himself was spotted in London, appearing visibly concerned just a day before the storm made landfall. The actor, known for performing his own stunts, could only watch from afar as his stateside retreat stood up to nature’s challenge.

In an ironic twist, it seems that Cruise’s Clearwater penthouse has proven itself to be as indestructible as the action hero personas he portrays on screen. As Florida begins its recovery process, the actor’s luxurious safe haven stands as a testament to both architectural resilience and, perhaps, a touch of Hollywood magic.

Source/Esclusive via New York Post