Penthouses.com: The Weblog

William Beaver House is rising 47 floors above the historic Wall street area. Inside, there will be 258 simplex residences, 48 furnished residences, 10 duplex residence, each with a private terrace, and 3 penthouses with private terraces. Beaver House bosts the most spectacular views downtown. Most apartments have water views and at the top part of the building you can see all of Brooklyn, Statue of Liberty and Jersey! 26 out of the 28 unique layouts have direct southern light at some point during the day.

Get on the elevator of your own imagination and take it to the top floor. There, in the nosebleed heights of your wildest expectations, your penthouse awaits, with its top-perch status, sweeping views, luxury accommodations and easy living.

Whether they are apartment rentals or condos for sale, penthouses can be found at established buildings such as the Madison and Bellefield in Oakland, at the Trimont on Mount Washington, and in Downtown buildings such as Chatham Tower.

And Downtown, a few new high-profile penthouses include the new Heinz Lofts restored from the former H.J. Heinz factory buildings on the North Side, 100 Seventh St., a 151-unit apartment building on Fort Duquesne Boulevard, and First Side Place, a 17-story condo that will towers over Fort Pitt Boulevard and the Monongahela River.

“I’m not convinced that, by and large, Pittsburgh people really have a complete understanding of what a penthouse is, I think people consider penthouses to be the top floor of buildings. But I’m not so sure that has to be the case.” Said Kevin Keane, senior vice president of Dallas-based Lincoln Property Co.

Click here to read more

Four out of every 10 counties in the UK have seen house prices more than treble over the past decade, reflecting the long boom in Britain’s housing market up until the past few months.

The annual Halifax county house price survey reveals that all of the UK’s 104 counties and unitary authorities have recorded at least a doubling in their average house price.

The most expensive county is Surrey, where the average price is more than £364,000, but County Armagh in Northern Ireland recorded the fastest house price growth in the UK over the past 10 years. Homes in the county had risen by 331%, to an average of £220,229, by the end of 2007.

However London has led the way with house price falls and there are fears that price deflation could become widespread across the country as the outlook for the housing market darkens.

Click on the picture to see the areas most at risk  of negative equity by constituency in Greater London.

Click here to read more.

This is the first image of how the interior of London’s most expensive property will look.
The computer-generated picture visualises the £84 million Hyde Park penthouse, the most expensive flat in the world, upon completion in 2010.

Russian oligarchs, oil barons, Saudia princes and A-list stars are among those said to be buying the Candy brothers apartments.

Managed by brothers Christian and Nick’s development company Candy & Candy, the project features 80 flats designed by architect Richard Rogers with communal spas, squash courts and a private wine-tasting facility.  The most expensive penthouse apartments will feature bullet proof windows, purified air systems and “panic rooms” and everyone on site will have access to an underground passage leading to the nearby Mandarin Oriental hotel.

Half of the units have already been sold at an average of more than £20 million each with average per square-foot prices hitting £6,000 this year.

Click here to read more about these outstanding penthouses.

Fairmont Heritage Place, Ghirardelli Square offers all of the pleasures and rewards of owning a spectacular vacation home without the burdens of maintaining a traditional second home.  The primary reasons that make Fairmont Heritage Place best in class is the luxury, the exclusivity and the services and amenities provided are said to go far beyound anyones expetations.

Even more exclusive…Each year for as long as Fairmont Heritage Place owners own their Fairmont Heritage Place home, they  earn the privilege to become part of The President’s Circle, which is limited to invitation-only admission of the most important patrons worldwide of Fairmont Hotels & Resorts.

Owners of Fairmont Heritage Place, hold the key to Fairmont’s residenceclub of privacy and privilege, safety and security.  One of the critical differences between Fairmont Heritage Place and a hotel is the “key”.  Unlike a hotel where you return the key upon checkout, owners keep the key and return to their second homes with it, in addition to having a legacy to pass down from generation to generation.  The key is a symbolic gesture of ownership and a symbol of Fairmont’s exemplary hospitality to owners who hold the key to this oasis of privacy and privilege.

To read more click here

The housing market might be down, but that isn’t stopping movie stars, hedge fund managers, and corporate titans from paying mammoth prices for the most lavish real estate on the planet.

“For the ultraluxury market to take a hit, there would have to be serious financial woes that went a lot deeper than what we’re seeing now,” said Rick Goodwin, publisher of Unique Homes, a magazine and Web site about luxury properties. “If they’ve got the money, it’s not going to be a hardship to fork over cash for a $10 million house.”

The ubër-wealthy are also less concerned about interest-rate fluctuations and other mortgage issues; about a third of buyers of $1 million-plus homes pay cash, Moore-Moore said.

Click here for more info.