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1. THEY PAID $11.5 MILLION...THEN TORE THE HOUSE DOWN.

Author

MCLAUGHLIN, KATY

Subjects
*LUXURY housing, *REAL property, *TECHNOLOGICAL innovations
Abstract

The article discusses an early 21st century U.S. real estate trend in which luxury home purchasers buy homes that are marketed and treated as teardowns in order to build new luxury homes featuring technological innovations and modern amenities. It discusses the razing of a 19th-century mansion in Darien, Connecticut, teardowns in a section of Beverly Hills, California, known as Trousdale Estates, and a house in Chicago, Illinois, near the baseball stadium Wrigley Field.

Published
2015

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