Montage Residences Healdsburg sold out of its turn-key Harvest Homes and announced the early release of a new real estate offering marking the last remaining ownership opportunity that will break ground in early 2023. A new offering, The Inn Residences, has since been unveiled with fully furnished three-and four bedroom Residences located adjacent to Montage Big Sky, a unique and final opportunity to own a second home in the area with access to all of the resort’s amenities and services along with membership at Spanish Peaks Mountain Club. The 53-acre oasis is complete with a Marina Club, resort, Spa Montage and more.įollowing the opening of Montage Residences Big Sky in Montana, where 39 private Residences located above the hotel were completed, a second enclave of Mountain Homes were also announced and fully pre-sold in 2022. Set to debut in 2024, Montage Cay will offer just 47 turn-key, private oceanfront Residences ranging from two-to-six bedrooms, of which the initial collection are nearly subscribed. Other signature projects such as The Residences at Montage Cay, Montage’s first private island resort, located in the Abacos Islands, Bahamas, have experienced similar demand as construction commenced late 2022. Over $160 million in residential sales contracts were completed making this the most successful luxury condominium launch in Tampa for 2022. The residences are comprised of a 38-story tower that includes 207 fully-serviced condominiums with iconic views of the city. Residential sales activity has been robust in Tampa, Florida, where Pendry Residences Tampa is currently under development on the 2.6-mile Riverwalk in the heart of downtown. A dedicated staff, sizable outdoor terraces, and private residential amenities make this the most desirable address in Los Angeles. This iconic location on the Sunset Strip, designed by EYRC Architects and Martin Brudnizki, epitomizes the luxury market’s focus on location, comfort, service, and exclusivity. condo sale price in 2022 and the fourth highest sale price in history. A record-breaking oceanfront Estate home, with over 8,000 square feet of living space at the flagship Montage Laguna Beach location traded in the first month of 2022 for $29.8 million, the highest ever sales transaction in the portfolio.Īt Pendry Residences West Hollywood, a one-of-a-kind, design-ready Penthouse spanning 6,300 square feet and the entire 10 th floor sold for $21.5 million in July-setting the record for the most expensive L.A. Whether it’s for multiple generations or a young couple, Millennials or Baby Boomers, we are witnessing a pronounced expansion of ‘second home collectors’ around the globe, all with a common motive: to create foundations for a life well lived.”įueled in part by this emerging mindset, Montage and Pendry Residences sales have surged across the portfolio, from urban projects to more nascent destinations. “Buyers want and expect more out of these residences than in years past, with considerations ranging from service and security to wellness and the overall ability to enhance the quality of family life for the long term. “The concept of a ‘second home’ has shifted dramatically in recent years,” she said. Necrason cited a new market mentality in driving the demand for distinct luxury branded residences in prime lifestyle locations. There is significant value in our legacy locations, not only for early-stage projects but also for the impactful appreciation over time.” “Our branded offering has proven highly resilient during economic uncertainty due in part to our 20-year tenure in the market. “We experienced incredible success this past year for our growing real estate portfolio that offers highly personalized living plus the expertise in preserving buyers’ assets for generations,” said Tina Necrason, executive vice president, residential. With record-breaking sales in two major California markets-Laguna Beach and West Hollywood-in addition to strong momentum across new development projects such as The Residences at Montage Cay and Pendry Residences Tampa, Montage International celebrates a milestone year at the forefront of a new era of real estate investment. (March 9, 2023) – Today, Montage Residences and Pendry Residences, a distinct portfolio of exclusive private Residences in storied settings across the U.S., Mexico, and the Caribbean, announces $1.1 billion in branded residential sales transactions in 2022. MONTAGE INTERNATIONAL REPORTS $1.1 BILLION IN REAL ESTATE SALES IN 2022įueled by a New Market Mentality, Montage and Pendry Luxury Branded Residential Collection Achieves Highest Yearly Sales To-Date Across its $5 Billion Global Portfolio, Setting Records in Major Markets
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