Argentines Park Their Money In Miami

[Matt84]

And bears go number two in the woods!

MIAMI BEACH – Argentine developer Alan Faena recently listed the most expensive condo in this city’s history at $55 million. The Mid Beach penthouse features a private elevator, an infinity pool, an uninterrupted view of the Atlantic.
The catch: The tower stands on what scientists call one of America’s most vulnerable floodplains.

http://www.washingto...the-rising-sea/

[font=Chronicle SSm']A Miami-area penthouse under construction that comes with a small fractional ownership of two Jeff Koons sculptures is asking $29.5 million, according to the developer, Argentine firm [/font]Consultatio[font=Chronicle SSm'].[/font]

http://www.wsj.com/a...lion-1417724193

and Perez: http://www.buenosairesherald.com/article/160914/'i've-never-been-able-to-complete-a-transaction-in-argentina-due-to-political-issues'-

 

[GS_Dirtboy]

Yes, the "vulnerable floodplain" is called Florida.

 

[Joe]

By the time that Florida goes underwater, Cuba will have returned to the world economy and become the destination of the rich and famous.

 

[Pensador]

Hmmm surfing in Cuba..

http://www.youtube.com/watch?v=Jts9suWIDlU

 

[scotttswan]

lies they appear to be investing in st mirren football club

 

[ajoknoblauch]

Yes, the "vulnerable floodplain" is called Florida.

Article's author appears unclear on the concept of "floodplain:" http://en.wikipedia.org/wiki/Floodplain

 

[garryl]

And bears go number two in the woods!


http://www.washingto...the-rising-sea/


http://www.wsj.com/a...lion-1417724193

and Perez: http://www.buenosair...al-issues'-

fool's gold.

 

[ghost]

fool's gold.

Those "fools" are playing at a level that you don't have to worry about.

 

[Musicman]

Faena is a true visionary and genius - his development at Puerto Madero was hugely successful and light years ahead of his time with the hotel concept

He is already having a similar impact in Miami - good luck to him and the investors

 

[ajoknoblauch]

Faena is a true visionary and genius - his development at Puerto Madero was hugely successful and light years ahead of his time with the hotel concept

He is already having a similar impact in Miami - good luck to him and the investors

Until, of course, rising sea levels oblige him to provide maritime access to both...