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This Nazi resort never opened, but it will be a luxury vacation spot | Mt Kisco NY Real Estate
On the picturesque beaches of the northern German island of Rügen, along the Baltic Sea, sits an empty 20,000-person resort. The buildings stretch nearly three miles down the coast, with all 10,000 rooms facing the beautiful bay just 500 feet from the water’s edge. Yet, no one ever used the rooms, movie theater or planned swimming pools.
Prora, known by locals as The Colossus, was built from 1936-1939 as part of the Nazi program of “Strength Through Joy.” The plan was to house workers in eight identical six-story buildings, feed them catered meals in scheduled seatings, and prepare them through propaganda and social activities to do their part in Hitler’s plan for Germany. It was also one of the largest architectural projects of the time, with 9,000 workers. The design, done in a Bauhaus style, won a Grand Prix award at the 1937 Paris World Exposition.
But the Nazi resort plans never came to fruition. The outbreak of World War II meant the project was never finished as construction workers headed to the weapons factories instead.
But finally, some plans are moving forward to turn some of the buildings into luxury apartments and vacation rentals.
http://travel.yahoo.com/blogs/compass/nazi-resort-never-opened-luxury-vacation-spot-224346831.html
New York State rejiggers 80/20 program | Mt Kisco Real Estate
A tweak in New York State’s implementation of its 80/20 program aims to give affordable housing developments a boost, and balance demand for tax-exempt bonds issued by the state division of Homes and Community Renewal.
The plan, starting in January, is to spread a smaller subsidy amount over more projects. Up until now, developers were able to finance more than 50 percent of an 80/20 building via the program, which offers cheaper financing and qualifies a project for lucrative tax credits. Now, only the 20 percent of affordable units in a development will be eligible.
This new approach mirrors a Tribeca project that teamed the city with the Related Companies, where only $7.5 million in tax-exempt bonds were allowed to finance the project’s affordable housing portion. Under this model, Related was forced to seek traditional financing for the remainder of the project.
“This is a very positive step and very welcome in the affordable housing community,” Martin Dunn, principal at Dunn Development Corp., told Crain’s. “It will free up more tax-exempt bonds for affordable projects, and coupled with the expanded housing subsidies announced by Gov. Cuomo last week, we’re going to see more affordable units in the coming years.”
http://therealdeal.com/blog/2014/01/27/state-rejiggers-8020-program-distribution-model/
Soho Apartment Prices are the Highest in the City | Mt Kisco Realtor
3 ways the coming rate hikes can sink the housing market | Mt Kisco NY Homes
Vine Web Profiles: This Week in Social Media | Mt Kisco Realtor
The 24 Tiniest Homes on Earth | Mt Kisco NY Homes
Dubai property prices show annual rise of 22.4% | Mt Kisco Real Estate
Property prices in Dubai have risen by more than 22 percent so far this year, according to the REIDIN.com Sales Price Indices.
The index, which aims to measure the average change in house prices in certain districts and communities in Dubai, showed real estate values in Dubai rose 2.44 percent in November compared to the previous month.
On an annual basis, REIDIN said prices have increased 22.4 percent.
Apartment sales prices registered an increase in November of 2.90 percent month-on-month and were up by 24.5 percent on an annual basis, the index showed.
http://www.arabianbusiness.com/dubai-property-prices-show-annual-rise-of-22-4–532866.html
Mount Kisco Tax Bills Are Due On Dec. 31 | Mt Kisco Real Estate
Mount Kisco is reminding residents that the second half of 2013-14 village tax bills are due on Tuesday, Dec. 31.
In order to make a payment without any penalties, a U.S. postmark of Dec. 31 or earlier is required.
Click here for additional information concerning tax bills and payment schedule
http://mtkisco.dailyvoice.com/news/mount-kisco-tax-bills-are-due-dec-31
Bitcoin now accepted by RentHop | Mt Kisco NY Realtor
Rental listing site RentHop thinks it can entice landlords and real estate brokers into using Bitcoin by slashing its listing advertisement fee if they pay with the digital currency.
Users must currently pay $2 to post listings on RentHop, which covers New York City, Boston and Chicago, and has plans to expand nationally.
But as of this week, if brokers and landlords use Bitcoin, they’ll have to pay only 0.833 milli-citcoin (1/1000th of a bitcoin), or $0.76 at today’s exchange rates. That represents a 60 percent discount off the rate that RentHop will continue to charge advertisers who pay in dollars. Find more details at https://de.thebitcoinscode.com/.
“RentHop has always catered to early adopters exploring innovations in real estate,” said RentHop CEO Lee Lin in a statement. “Over the years we’ve noticed the most successful landlords are the ones who proactively seek out and embrace new and disruptive platforms. Bitcoin users are exactly the type of participant we welcome to our marketplace.”
RentHop intends to reduce the exchange-rate volatility of owning Bitcoin for customers by maintaing the exact number in bitcoins that it charges unless Bitcoin’s dollar value changes by more than 30 percent.
Lawrence Zhou, co-founder of RentHop, breaks it down for us:
– See more at: http://www.inman.com/2013/12/16/bitcoin-now-accepted-by-renthop/?utm_source=20131216&utm_medium=email&utm_campaign=dailyheadlinespm#sthash.UtWNx7SJ.dpuf