Mansion Global Daily: The Market Has Shifted for US Sellers, London Super-Prime Property Holds Steady, and More

Plans for Cylindrical Tower in Fort Lauderdale Unveiled by Architecture Firm ODA

A new, cylindrical tower is coming to Fort Lauderdale, Florida. Plans were released this week for the 47-story tower, designed by New York-based architecture firm ODA. It will feature a series of cylindrical tubes arranged on top of a tree-covered podium, and is set to reach 563 feet in height. The development will add 830 rental apartments to the area, with 20,000 square feet of amenities, in addition to plenty of outdoor space. “While the tower design celebrates simplicity of materials and forms through the repetition of wrap-around balconies and sleek rounded volumes, special attention was paid to the design and detailing of the building base in order to engage at the street level,” ODA said. Dezeen

Despite Concerns, London’s Super-Prime Property Market Holds Steady

London’s super-prime property market has been busy—272 homes sold for £5 million (US$5.45 million) or more between January and August, up two-thirds from the same time in 2019. But with cooling mainstream markets and a tumultuous economy, experts are wondering how long the boom can continue. Despite the concerns, there has been little impact on demand to date. “In 2022, I have arranged more 100% mortgages for home purchases above £10 million than at any time before over my 20-year career—and September has seen no let up,” said Paul Welch, a mortgage broker to the super- rich. Financial Times

More Than 100-Year-Old Log Cabin in Vancouver Lists for Nearly C$12 Million

A more than 100-year-old log cabin in the affluent Point Gray neighborhood of Vancouver has hit the market for the first time in about 70 years and is listed for C$11.9 million (US$8.76 million). The property includes a six-bedroom main house and three lots that have views of the English Bay, downtown Vancouver and the North Shore mountains. Artist Jean Fahrni, who died in 2019 at the age of 100, had lived in the home for seven decades. The house is listed as Heritage A on the City of Vancouver’s Heritage Register, the highest designation. Vancouver Sun

Luxury Eco-Home Unveiling Goes Astray in Panama

The launch of a spherical and spaceship-like luxury model home on the Panama coast went awry this week when the “SeaPod Eco” prototype, which sits on a column above the water, slumped onto a dock. The developer, Ocean Builders, had planned to begin offering the unusual residences for sale next year, and said in a statement that the environmentally-friendly home began to “destabilize” at the end of the event. ABC News

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