First Portable Private Islands to Hit the Market

Christie's International Real Estate wants to build the world's first portable, eco-friendly private islands, the company announced this week. The initiative allows buyers to order customized, self-sufficient islands they can dock anywhere in the world -- Miami, Dubai, New York, you name it. Christie's says buyers have total control over the size, shape and style of their floating habitat, all of which are completely self-sustainable. Called Amillarah Private Islands, thedevelopment is designed by Dutch hydro architect Koen Olthuis, Christie's says, and will be marketed to affluent islanders looking for a second home. And unlike many second-home purchases, the islands are not designed for yield, the site says, but prestige. It's the "ultimate trophy asset," the site says, with rumored price tags starting at $12.5M, "but financial return is not the primary motivation." A bunch of luxury islands scattered around the oceans could cause an environmental nightmare, but Koen says the island homes carry state-of-the-art green technology -- including artificial reefs that last up to a century -- and keep environmental impact at a minimum.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

CoStar To Acquire Aerial Imagery Company For $730M

BXP Execs See Better Returns In Building Offices Than Buying Them

JLL's Q3 Revenue Surges Amid Strong Leasing, Capital Markets Activity

Fed's Pause Gives CRE Little Relief As Yields, Midterms Freeze Deals

Ackman-Ziff Leverages National Reach And Boutique Approach To Navigate CRE Markets

Welltower Stock Slumps Despite $21B Buying Spree, Soaring Income

Alexandria Sells Stakes In Megacampuses To Weather Life Sciences Downturn