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Wall Street Journal / Life - Entertain

Why The Hottest New ’Hood Is In the Wrong Part of Town

Developers in competitive city markets are building in seedy neighborhoods and pitching their projects as the next big thing.


WSJ Real Estate

MANSION Why The Hottest New ’Hood Is In the Wrong Part of Town

Jason Henry for The Wall Street Journal

Developers in competitive urban real-estate markets are building in seedy neighborhoods and industrial sites and pitching their projects as the next big thing in luxury living. This is hardly the first time rundown urban neighborhoods have been transformed into luxury destinations. Such transformations, however, usually happen gradually. Instead, developers in some areas are creating new “up-and-coming” neighborhoods out of whole cloth, taking advantage of the fact that many of today’s high-end buyers are less resistant to the harsher realities of city living.

Developers Tell Condo Buyers: You Don’t Need To Bring Your Car


Luxury developers are increasingly offering car-rental and car-sharing services, as well as creative parking solutions to their residents. Touted as an amenity to upscale buyers, these services benefit developers, too, since they reduce the size of parking garages and lower building costs.

Caribbean Estate Sells for Close to $67 Million Despite Hurricane Damage

Pierre Carreau

On the Caribbean island of St. Barthélemy, a longtime vacation spot for the rich and famous that was rocked by Hurricane Irma in September, retired hedge-fund manager Bruce Kovner has sold his estate “Girasol” for close to its $67 million asking price.

Ex-Miami Heat Star Chris Bosh Lists Miami Home for $18 Million

ONE Sotheby’s International Realty

Basketball star Chris Bosh, who played for the Miami Heat, is listing his Miami Beach home for $18 million.

HOUSE OF THE DAY A Sedona Retreat With Views—and Page Views

Ian Whitehead Photography

The owner of this Arizona home installed a webcam on the roof, allowing anyone with an internet connection to survey the scenery.

DESIGN Can You Guess What Inspired This Kitchen’s Décor?

John Bessler

When we first saw this image of a kitchen, it seemed clear that designers John Loecke and Jason Oliver Nixon of Madcap Cottage had gone for a homey mid-20th-century feel. The room’s winky eclecticism, however, saves it from rote period mimicry.