Opinion: Privately owned buildings are bulldozer bait | Columns

Opinion: Privately owned buildings are bulldozer bait | Columns







Hazlehurst: Perhaps a return to normalcy is possible?

John Hazlehurst


Twenty decades back an mysterious variety popped up on my quite new, quite amazing and then outstanding little device identified as a mobile cellular phone. I answered — neighborhood quantities had been constantly local, and spam calls weren’t a point.

Introducing himself, the caller had a peculiar proposition. “I read through your piece in the [Business Journal’s sister publication the Colorado Springs] Independent about the Burns [Theatre],” he reported, “and I have one thing you really should have.” 

Sounded appealing — so I gave him my tackle and he showed up a several several hours later on. He experienced a gigantic, dilapidated hanging lamp that experienced been produced from a stained glass indicator that had hung more than the ticket booth at the Burns. 

“I assumed probably you could restore it as a indicator, or correct it up and hang it up in your home,” he explained. “I don’t have any place for it.”

So I took it with thanks, set it in the basement and there it sat for practically 20 several years — until eventually we embarked on one more try to declutter our ancient home.

Honoring my type-of dedication two decades before, I hauled the when-and-upcoming sign to Linda “The Glassy Lady” for restoration. She did an incredible task — it was breathtakingly lovely. We thought about hanging it on our cluttered partitions, but it was major, fragile and way too vulnerable to our leaping, roughhousing young canine. It was normally destined for the Pioneers Museum, so I schlepped it more than previously this 7 days.

They had been delighted to have it, and I was delighted to give it. Our city-owned historical past museum is an remarkable asset to the local community, absolutely free to all comers, unpretentious, exciting and endlessly attention-grabbing. The museum’s main goal: to build a lasting connection to the Pikes Peak area by preserving and sharing our cultural history.

The resplendent Burns turned the beloved Chief Theater. It retained its remarkable architecture and inside decoration, delighting generations of moviegoers until it was gracelessly demolished in 1973. You can blame the shortsighted entrepreneurs of the developing, who refused to fund an substantial renovation, or the similarly shortsighted elected officers who stood passively by, but there’s a further unacknowledged perpetrator.

Our city has thrived for 15 a long time since it was conceived and focused to the premise that (practically) all advancement is superior. If you have a creating, you have the ideal to tear it down, replace it or leave it vacant. Non-public property is just that. As opposed to Denver, our metropolis govt cannot adversely landmark a making — in reality, the owner of a setting up can not check with the city for landmark status. That indicates that each privately owned developing in the metropolis is prospective bulldozer bait. Area, state or national historic sign up listings may confirm historic standing, but this sort of listings do not avoid present or potential proprietors from tearing them down. Properties in the North Stop Historic District are perfectly protected, but related households on the Westside are not.

The inherent dynamism, optimism and generally explosive nature of progress in Colorado Springs signifies that no buildings are sacrosanct. Take into consideration the Town Auditorium, which town officers refused to preserve or renovate for many years. In spite of our community’s passion for the stunning old pile, it may well have finally fallen to the wrecker’s ball without the Colorado Springs Conservatory’s Linda Weise and her ongoing restoration initiatives. Look at also the Union Printer’s House, acquired by a benevolent coalition of rich area citizens who purpose to protect and revivify that wonderful campus. 

Our philanthropic and organization communities have grow to be much much more attuned to preservation in latest decades, but we require a landmark ordinance that empowers assets entrepreneurs. And yeah, I’ve obtained a puppy in this combat — our 1899 Westside home. Landmarking it would maintain and defend it, even nevertheless it might diminish its worth for potential house owners. 

Those people of us who bear in mind the Burns, The Antlers lodge (the 1 torn down in 1964), and dozens of other structures that fell in the city’s mid-20th century Demolition Derby (AKA Urban Renewal) are dying off, and hope that foreseeable future generations will treasure the developed landscape of the past. 

Just now, sitting down at my desk at home seeking to determine out a good stroll-off for this column, a good friend posted the plan for the opening of the new County Courthouse (now household to the Pioneers Museum), dated Could 16, 1903. It’s in the museum’s assortment.

The 1st speaker outlined was Judge Louis Cunningham of the Criminal Court, who had probably taken the trolley Downtown from his spacious new Westside property exactly where I now sit. Do I feel in ghosts? It’s possible now…

France Freezes 31 Luxury Properties Owned By Eight Sanctioned Russian Billionaires

France Freezes 31 Luxury Properties Owned By Eight Sanctioned Russian Billionaires


The frozen properties, worth nearly $1 billion, include Roman Abramovich’s château on the French Riviera and his estate in St. Barts.


On Wednesday, French authorities published a list of 41 properties owned by sanctioned Russian individuals that had been frozen since Russia’s invasion of Ukraine, worth nearly $620 million. Forbes found that 31 of those properties are owned by eight sanctioned Russian billionaires, including Roman Abramovich’s $250 million Château de la Croë in Antibes on the French Riviera and his $90 million estate on the luxe Caribbean island of St. Barts.

Forbes estimates the 31 billionaire-owned properties are worth $920 million—higher than the French government’s estimate—based on reporting for the World’s Billionaires List and historical purchase prices. Now that the properties have been frozen, they can’t be sold or rented—and since the sanctions on these billionaires include a travel ban, they can’t physically travel to them anymore either.

Many of these luxury homes were already known to be owned by sanctioned oligarchs, but some had not been previously reported. According to French corporate and land records, steel mogul Viktor Rashnikov owns several apartments at 24 Avenue Gabriel in central Paris, across the street from the French presidential residence at the Élysee Palace. Abramovich’s ex-wife Irina owns a property in the same building, but hers was not among the frozen properties. Another sanctioned billionaire, Alexei Kuzmichev, owns several apartments at Rue de Solférino, along the Seine and across the river from the Tuileries Gardens.

Most of the frozen properties are owned through French companies named sociétés civiles immobilières, or SCI, a type of company formed solely to own real estate. Aside from the Paris apartments, Abramovich’s estate on St. Barts and a hotel in the Alpine ski town of Méribel owned by oil & gas mogul Gennady Timchenko, all of the other luxury homes are on the French Riviera. Several, including Abramovich’s Château de la Croë, are on a stretch of coast in Antibes known as the Bay of Billionaires—an apt name, considering the number of Russian billionaires who own real estate there.

For more information on the foreign real estate owned by sanctioned Russian billionaires, read our in-depth tracker here:

MORE FROM FORBESA Guide To All The Outrageous Mansions And Estates Owned By Sanctioned Russian Billionaires

Here are the French properties owned by sanctioned Russian billionaires that have been frozen:

Estimated value of frozen properties: $340 million

Abramovich owns the 32,000-square-foot Château de la Croë in Cap d’Antibes on the French Riviera, an estate built on more than 17 acres of land with 12 bedrooms and a swan-shaped bathtub, formerly owned by King Edward VIII of Great Britain. Three addresses tied to the château were included in the list of frozen properties.

In the French Caribbean island of St. Barts, Abramovich owns the 70-acre Gouverneur estate on Governor Beach, which features Balinese bungalows and several tennis courts and swimming pools. He may also own other properties on St. Barts. A property called Le Lurin was also frozen by French authorities. A local source told Forbes that Abramovich owns another home by the port of Gustavia, the capital, a short drive away from Gouverneur. The source said that the property appears to have been abandoned mid-construction.

Estimated value of frozen properties: $57 million

Kuzmichev owns La Petite Ourse villa in the exclusive seaside town of St. Tropez on the French Riviera. He owns the villa—which was reportedly purchased for $57 million—through SCI Le Cedre Rouge, according to French corporate records. The home shares a name with two of Kuzmichev’s yachts—the 79-foot La Petite Ourse and the 54-foot La Petite Ourse II—which were frozen by French authorities on March 16 and March 21, respectively.

Forbes found that Kuzmichev also owns three properties in a large residential building at 2 and 4 Rue de Solférino and 9 and 11 Quai Anatole in central Paris, all of which were frozen by French authorities. He owns them through four SCIs, according to French corporate records: RCS Holding 1, RCS Holding 2, RCS Holding 3 and QAF RDS Holding.

Estimated value of frozen properties: $80 million

Melnichenko owns Villa Altair in Cap d’Antibes, France, replete with a home theater, wine cellar, sauna, and a swimming pool. He owns the villa through a French real estate firm, Pershore Comercio International S.a.r.l., which is in turn wholly owned by Melnichenko’s Luxembourg-based firm Jalinon Investments S.a.r.l. Three properties owned by Pershore at the site of Villa Altair were frozen by French authorities.

In a statement, a spokesperson for Melnichenko called the EU sanctions against him “absurd and nonsensical” and added that they will be disputed.

Estimated value of frozen properties: $6 million

Moshkovich owns a villa on nearly 10 acres of land at 56 Boulevard Princesse Grâce de Monaco in Nice on the French Riviera, which he reportedly purchased for $3.6 million in 1998. He owns the now-frozen home through Prosperite SCI, according to French corporate records.

Estimated value of frozen properties: $176 million

Ponomarenko owns two large villas on 170,000 square feet of land at 8 Chemin de St Hospice in Saint-Jean-Cap-Ferrat on the French Riviera. In 2015, he sold them to a French company named SCI La Chabanne Project, according to an investigation by Russian media outlet IStories. Ponomarenko’s partner Natalia Rozhkova owns 95{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of SCI La Chabanne Project and Ponomarenko is a director at the firm, per French corporate records. A spokesperson for Ponomarenko told IStories in October 2021 that he acquired the property for about $134 million in 2008.

Estimated value of frozen properties: $200 million

Through his daughter, Olga, Rashnikov owns the 16-room Villa Nellcôte mansion in Villefranche-sur-Mer on the French Riviera. Olga owns 94{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of SCI Nellcote Baie de Villefranche and SCI Baie des Figuiers, the companies that own the property, and Rashnikov is also a director at both firms, per French property records. Three properties owned by SCI Nellcote Baie de Villefranche and SCI Baie des Figuiers at the site of Villa Nellcôte were frozen by French authorities.

Built in the 1890s, the Belle Époque villa features a swimming pool and crystal chandeliers and has had some notable residents: it was occupied by the Gestapo during the Nazi occupation of France in the 1940s and was rented by Keith Richards of the Rolling Stones in 1971.

Forbes found that Rashnikov also owns three properties at 24 Avenue Gabriel in central Paris, all of which were frozen by French authorities. He owns the apartments, located directly across the street from the Élysee Palace—currently occupied by French President Emmanuel Macron—through SCI Parc Gabriel, per French corporate records. Abramovich’s ex-wife Irina Malandina owns an apartment in the same building worth $17.5 million, according to the Organized Crime and Corruption Project’s Russian Asset Tracker project, which Forbes is participating in.

Estimated value of frozen properties: $62 million

Vladimir Putin’s childhood friend and former judo sparring partner Arkady Rotenberg owns Villa Shoshana, a 97,000-square-foot estate in Saint-Jean-Cap-Ferrat on the French Riviera. He owns the property through SCI Villa Shoshana and Luxembourg-based Lucasnel SA, according to Luxembourg and French corporate records. He purchased the property for $47 million in 2014.

Estimated value of frozen properties: Unknown

Timchenko’s wife Elena—who was sanctioned by the EU on April 8—owns two properties at Avenue du Cap Nègre in Le Lavandou on the French Riviera. She owns the homes through her 55{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} stake in Luxembourg-based Coeur de Cavaliere S.A., according to the Luxembourg Business Register. Timchenko’s daughter, Ksenia Frank-Timchenko, owns a French company named Arles which owns another two properties at Avenue du Cap Nègre, both of which were also frozen.

The homes owned by Elena and Ksenia are across the street from Le Club de Cavalière, a 5-star hotel and spa with its own private beach which Elena owns through her 61.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} stake in French firm Sogeco, according to French corporate records. Sogeco also owns Le Grand Coeur, a 4-star hotel and spa in the Alpine ski resort of Méribel. Both hotels were included in the list of frozen properties.

San Francisco Mansion Once Owned by Nicolas Cage Finds a Buyer

San Francisco Mansion Once Owned by Nicolas Cage Finds a Buyer

A San Francisco mansion the moment owned by the star of “National Treasure,” Nicolas Cage, has identified a purchaser.

The residence had past been detailed for $9.95 million, and is now in “pending sale” standing, The Serious Deal documented.

The consumer also has an selection to order an adjoining ton for an extra $3 million—which could thrust the remaining selling price upward.

Found on Russian Hill, with iconic views of the San Francisco Bay and Alcatraz Island, the historic house was the topic of a preferred portray. On the other hand, it experienced a hard time landing a buyer.

Created in 1914, the four-story Tudor Revival to begin with came on the sector in 2017 for $12 million.

Later on that calendar year, the price tag dropped to $10.95 million and stayed at that rate through 2020. This March, the selling price was further discounted to $9.95 million.

Though the prime place was a big promoting stage, it necessary a refresh. Renovations had been lately concluded, with updates which includes a contemporary kitchen area with new counters and cabinets, refinished flooring, a redone powder home, and exterior paint.

Suave abode

Just after the renovation, the 6,305-square-foot residence maintains significantly of the primary architecture.

The front entrance has a Gothic stone archway. The main floor consists of a library with a wood-burning hearth, a official dining area with leaded glass home windows and unique wood element, and an sophisticated living area with home windows overlooking the bay.

The 2nd level options the main suite, with two dressing rooms and a huge toilet. There is an additional en suite bed room and a mirrored moist bar on this level.

Current abode

(Realtor.com)

Residing space

(Realtor.com)

Freshly renovated kitchen area

(Real estate agent.com)

Eating area

(Realtor.com)

Russian Hill home

(Realtor.com)

The third ground has are two a lot more en suite bedrooms with vaulted ceilings. A lower degree has a loved ones room, bonus home, wine cellar, and a single extra bed room and bathroom.

The home also will come with a two-car or truck garage. If the buyer picks up the adjacent great deal, a guesthouse or office could be added to develop a true compound.

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As for the Cage link, the star evidently picked up the location and the up coming-doorway large amount for $9.4 million in 2006. He sold equally properties in 2008 at a reduction, for $8.5 million, the Authentic Offer notes.

Mark Levinson of Compass retains the listing.

Cage’s cribs

The film star experienced previously owned a grand Victorian in close by Pacific Heights, which he bought in 2005 for $3 million.

The renovated 7,000-square-foot abode came back on the market once again in 2018 for $12 million. Immediately after some value cuts, it sold for $5.9 million, fewer than 50 {d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of its primary asking selling price.

That home even now has some Cage touches: The actor additional stained-glass panels that includes underwater scenes with octopuses for the duration of his stay.

Stained-glass relationship to Cage’s time in the Pacific Heights home

(Realtor.com)