Rockefeller Estate sells for a record price!!

[amyb]

My first kitchen..Tappan wall oven and 4 burner gas and top oven. Great appliances.

 

[JEK]

What future for Rockefeller de Colombier's property?
Since the announcement of the redemption of the so -called Rockefeller of Colombier property by Adam Sinn, an American businessman, for the sum of 125 million euros, rumors are going well on what could become this historic field of the island. However, since the end of 2020 and the vote of the town planning card, specific regulations have been applicable on the property and prevents any non -compliant development.
The announcement of the sale of the so-called Rocke-Feller property of Colombier to Adam Sinn, a man from a American af- make, for the sum of 125 million eu- ros (JSB 1516), gave birth to speculation. crazier as to the future of the site. This, despite the comments of the new owner, installed in Puerto Rico, who wants to be reassuring. "There are currently no other plans than the desire to restore property to give it back his glory from the Rockefeller years (...) I plan to keep the two trails leading to the beach, as they have been in the past. I obviously want to keep the tradition of campsite on Colombier beach. A statement that has, it seems, not appeased the fears of many inhabitants of the island. In particular that of seeing the Rockefeller estate, which extends over nearly 52 hechers, transform into concrete ground or, worse, in a Disneyland noun. However, a priori, none of this should be possible.
The main reason is the
It was Adam Sinn, a 45 -year -old Texan businessman and installed in Puerto Rico, bought the Rockefeller property in Colombier for 125 million euros.
strength). Only the part on which the Villa Rockefeller is erected, or what remains of it, is in the residential area. Consequently, the possibility of adding two or three Cham- Brees to the existing construction, or even that of building a swimming pool, seem to be the only perspectives envisaged. For the moment, at the very least.
"Fixed plots"
For the local authority, which will pocket approximately 6.2 million euros in the context of transaction registration fees, this acquisition is welcomed as good news. For several meetings that the president, Xavier Lédée, lists. "There is the heritage side with a villa that has deteriorated strongly over the years," he begins. It will therefore be the whole sense of the disadvantages that we will have with the new owner in order to encourage him, on a possible project, to hold the construction of what it has been in the past. There is no huge right to build on these plots since they were
Relatively frozen on the last card. And there is no desire to open any right to make adjustments that are not suitable. To my knowledge, there is no request in this sense. »On the Econo-Miquo level, Xavier Lédée confirms that the community will receive its 5% on record rights," as on all winds ", and specifies:" evid, with a sale of this value, It is a recipe that is not negligible. On the other hand, contrary to what some people think, there is no capital gain on this sale since the priety was owned for a long time so as not to be subject to it. Everyone has been talking about sales for years, so it is quite logically that the sale is done. Even if the community would have loved recovering this terbish, it could not eat! Adam Sinn, 45, former executive of Lehman Bro-Ther and now the owner of the Apuire convenience, could.
T.F.
Specific prosecutor regulations for ownership at the end of 2020, on the sidelines of the implementation of the new town planning card. Binding texts which leave little room for hypothetics extravagance architecturals on an area which has been placed in its adult in natural zone, therefore proven. "If some development is possible, they do not
are that on mini-male surfaces, precisely so that it is not done anything, "confirms the director of the territorial agency of the environment, Sébastien Gréaux. On March 29, elected officials of the Collective Executive Council were able to make sure when they gathered to examine a request made by the company Multiproves-Sionnelle DGFLA1, based in
Paris, who wanted to know if the land was constructible. In its deliberation, which runs on nine pages, the exemption council specifies all the regulatory points, by that by plot. These are nine (AD116, AD17, AD18, AD60, AD35, AD33, AD22, AD21 and AD19) and are in natural zone or in remarkable spaces of the coast (sometimes ren

 

[jant]

No doubt about it — $136 MM is a lot of money (approximately $1MM/acre). However, I’ll venture the point of view that it’s a bargain price for this parcel — so rare in history, beauty, & island patrimoine.

Consider, by comparison, the selling prices of other SBH properties formerly owned by David Rockefeller — the “Rothschild estate” at Marigot Bay & the “Abramovich estate” at Gouvenour. The former, seven acres, sold North of $50MM in 2017, right after Hurricane Irma, which substantially damaged the property (asking price was $67MM); and the latter, 70 acres, reportedly sold at $90MM in 2009. Respectively, approximately $7MM/acre (six years ago) & $1.3MM/acre (14 years ago). For perspective, I believe that island real estate values have increased materially since these sales.

Admittedly, the Rockefeller / Horn parcel is said to be burdened by zoning that strictly limits development. I'm curious to know how “strict,” & I wonder about the process of amending zoning limits. (Could “Rockefeller Estates” be in our future, with the restored David Rockefeller home as its lovely clubhouse?)

The purchaser, reportedly Puerto Rico resident Adam Sinn, apparently controls a major “commodities trading firm,” with particular interests in oil & gas. He is said to be philanthropic (https://www.papercitymag.com/culture/houston-electricity-winter-storm-southern-smoke-adam-sinn/) . . . and appears not to be short of hubris (https://www.publicrecords.pub/). Perhaps the good news will be that Mr. Sinn finds a way to bolster the island’s over-taxed electrical grid (assuring adequate power for new megamansions?).

"Indeed, $136MM for the Rockefeller/Horn parcel seems steep, but when compared to past SBH sales, it appears a prudent investment