The Real Deal - New York Real Estate News

Saudi Arabia’s newest attraction: roller coasters on an oil rig

Posted: 24 Oct 2021 11:00 AM PDT

Oil-dependent Saudi Arabia is taking literally the concept of economic diversification. The kingdom has announced plans to convert an oil rig in the Arabian Gulf into a 1.6-million-square-foot “extreme park” and resort, according to CNN. The Saudi Arabia Public Investment Fund is behind the project, dubbed “The Rig.” It would include three hotels, 11 restaurants, helipads, rollercoasters and activities such as bungee jumping, skydiving, and aquatic sports spread across a series of platforms. Renderings show

John Catsimatidis breaks ground on 46-story condo project in St. Pete

Posted: 24 Oct 2021 09:00 AM PDT

Billionaire John Catsimatidis broke ground on the tallest tower on Florida’s Gulf Coast this week. The 46-story condominium tower in St. Petersburg is also the first residential project outside New York and the first condo project for the developer and businessman’s Red Apple Real Estate. The project totals 1.3 million square feet. The Residences at 400 Central is slated to rise on a full city block in the city’s downtown. Plans call for 301 condo

Australian town is inundated with inquiries after offering free land to new residents

Posted: 24 Oct 2021 06:00 AM PDT

A small town in the Australian Outback offered free land to draw in new residents. It worked almost too well. Officials in the rural town of Quilpie, Queensland have been overwhelmed by more than 250 inquiries from as far afield as Britain, India, and Hong Kong, although only Australias or permanent residents are eligible, according to the Associated Press. Quil[pie, home to just 800 people, launched the program two weeks ago, The Quilpie Shire Council