In a Luxury-Home Market Obsessed With Wellness, the ‘Shaman Is Another Level Altogether’
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In a Luxury-Home Market Obsessed With Wellness, the ‘Shaman Is Another Level Altogether’

By SHIVANI VORA
Mon, Mar 20, 2023 8:00amGrey Clock 5 min

Luxury concierges, expected to go to the ends of the Earth to satisfy residents, may have to tread even further in their latest role.

A new crop of luxury buildings looking for more creative ways to stand out and attract wellness-focused buyers is going beyond, the flashy fitness centres and spas to add meditation gardens, cold plunges or ice baths—and, yes, spiritual concierges, who connect residents with healers, therapists and a bevy of other experts to help with mental and emotional health.

Take the Maverick Chelsea in New York as an example. The building, in Manhattan’s Chelsea neighbourhood, saw residents start to move in November and is debuting three floors of wellness amenities this month such as a 60-foot-long indoor mosaic tiled pool with cabana seating. But the highlight may be the on-call spiritual concierge who residents can tap through the building’s programming partner LIVunLtd.

Maverick Chelsea’s head of sales Alex Lundqvist said that the concierge can connect homeowners with top aura readers, crystal and reiki healers and meditation teachers.

“We want to provide multiple ways to help people who are seeking spiritual realignment or guidance,” he said. “It’s something that’s increasingly valued today.”

One&Only Mandarina Private Homes, in Mexico’s Riviera Nayarit, also offers spiritual aid—a shaman to be exact who leads a traditional Mexican sage ceremony for interested buyers to bless their new homes.

Danielle Lepe, a San Francisco resident who works at Facebook, for one, bought a six-bedroom residence at the property with her husband and jumped at the chance. “I want any home of mine to have good energy, and I believed that a shaman could bring that in,” she said.

Ms. Lepe and her husband invited several friends to join them for the auspicious day, which she said saw clusters of hundreds of dragonflies circling the sky. The shaman saged the property inside and out, she said, and also blessed their expecting friend. “I am not at all a hippie-dippy type, and neither are our friends, but our spirits and souls felt nourished,” she said. “We felt an incredible sense of peace and that everything would be O.K.”

The development’s overall wellness amenities were a big reason why the property appealed to her and her husband, said Lepe. “It has the best breathwork and fitness classes that we fully take advantage of, but the shaman is another level altogether,” she said.

These more unusual perks of buying a residence in an upscale building are no surprise, according to Beth McGroarty, the research director for the Global Wellness Institute, a Miami-based nonprofit that promotes wellness. This is because wellness-centric residential real estate has been powered by the pandemic and is seeing a rapid rise. According to the group’s data, the market was valued at $148 billion in 2017. This year, it’s projected to jump to $460 billion, and by 2025, $580 billion.

“Wellness in real estate today means everything that you would find at a cutting-edge wellness centre,” Ms. McGroarty said. “It’s also a lot more holistic and emphasises emotional and spiritual health because buyers want help in this realm, especially after the pandemic.”

Mikaela Arroyo, the director of the New Home Trends Institute at California-headquartered John Burns Real Estate Consulting, agreed. “We surveyed homeowners and renters last November, and the majority responded that mental well-being was more paramount than physical health and their top priority when seeking a new property,” she said.

Wellness amenities at Brookly Point, a luxury residence in Brooklyn, New York. Brooklyn Point

Some of the latest spa amenities also blur the line between physical and mental wellness.

A trendy amenity that’s designed to shock, all in the name of health of course, is the ice bath, where residents—as the name suggests—literally take a bath, if only for a second, in a tub filled with ice. Cold plunges are another twist on the concept and claim to have a similar effect. Cold therapy is touted as a cure all for everything from inflammation and sore muscles to improving mental health.

Fiction or fact aside, extreme temperature plunges and baths are catching on.

The Renaissance Residences Honolulu and Four Seasons Private Residences Lake Austin both have cold plunge baths. It’s also a feature at Brooklyn Point in downtown Brooklyn, according to Ryan Serhant, who is leading the sales and marketing for the building.

An exterior rendering of Cipriani Residences Miami, located in the Brickell neighbourhood and slated for completion in 2026. The Boundary

“This is a development that has been designed around the story of wellness, and the three levels of amenities include a rock-climbing wall, two pools plus this cold plunge pool,” he said.

Cipriani Residences Miami, located in the Brickell neighbourhood and slated for completion in 2026, is playing up the ice bath that will be part of its wet room. Michael Patrizio, the managing director for the project’s developer Mast Capital, said that the bath will be between 50 to 55 degrees Fahrenheit and next to the sauna so that residents can move from hot to cold or vice versa setting quickly. “We’re trying to be ahead of the market with what we give our owners, and this bath is definitely a way,” he said.

Picturesque meditation gardens are another fresh perk that developments have at the ready to help buyers find calmness. “Our research has found that a connection with nature is important to home buyers today as a way for them to destress and reconnect with themselves,” said Ms. Arroyo. “Meditation gardens in the wake of this couldn’t be more opportune.”

At 212 West 72nd St., on Manhattan’s Upper West Side, for example, there’s an interior courtyard garden on its third-floor amenity level that’s meant to be used for yoga and meditation. It’s accessible from the fitness centre and features a wooden pergola that’s draped in florals.

Rendering of the meditation garden at The Perigon, a luxury new development in Miami Beach. Binyan Studios

The Perigon, located in Miami Beach and debuting in 2025, is a luxury condominium tower with a meditation garden designed by Gustafson Porter + Bowman, the London landscape architecture firm behind the redesign of the Eiffel Tower’s green spaces and the Princess Diana Memorial Fountain in Hyde Park.

Neil Porter, the architect who led the project, said that his vision was to create a secluded space for owners within the larger gardens that’s away from the activity of the beach. The long, linear area is flanked by a water channel, said Mr. Porter, that has pods constructed of timber which residents can sit on as they self reflect. Other elements include seating alcoves on solid ground and an abundance of lush plants and flowers such as lilies and irises. “The pods resemble floating islands,” Mr. Porter said, “and the garden is meant to be a place for a tranquil escape.”

This article originally appeared on Mansion Global.



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This may be contributing to continually rising weekly rents

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There has been a substantial increase in the number of Australians earning high incomes who are renting their homes instead of owning them, and this may be another element contributing to higher market demand and continually rising rents, according to new research.

The portion of households with an annual income of $140,000 per year (in 2021 dollars), went from 8 percent of the private rental market in 1996 to 24 percent in 2021, according to research by the Australian Housing and Urban Research Institute (AHURI). The AHURI study highlights that longer-term declines in the rate of home ownership in Australia are likely the cause of this trend.

The biggest challenge this creates is the flow-on effect on lower-income households because they may face stronger competition for a limited supply of rental stock, and they also have less capacity to cope with rising rents that look likely to keep going up due to the entrenched undersupply.

The 2024 ANZ CoreLogic Housing Affordability Report notes that weekly rents have been rising strongly since the pandemic and are currently re-accelerating. “Nationally, annual rent growth has lifted from a recent low of 8.1 percent year-on-year in October 2023, to 8.6 percent year-on-year in March 2024,” according to the report. “The re-acceleration was particularly evident in house rents, where annual growth bottomed out at 6.8 percent in the year to September, and rose to 8.4 percent in the year to March 2024.”

Rents are also rising in markets that have experienced recent declines. “In Hobart, rent values saw a downturn of -6 percent between March and October 2023. Since bottoming out in October, rents have now moved 5 percent higher to the end of March, and are just 1 percent off the record highs in March 2023. The Canberra rental market was the only other capital city to see a decline in rents in recent years, where rent values fell -3.8 percent between June 2022 and September 2023. Since then, Canberra rents have risen 3.5 percent, and are 1 percent from the record high.”

The Productivity Commission’s review of the National Housing and Homelessness Agreement points out that high-income earners also have more capacity to relocate to cheaper markets when rents rise, which creates more competition for lower-income households competing for homes in those same areas.

ANZ CoreLogic notes that rents in lower-cost markets have risen the most in recent years, so much so that the portion of earnings that lower-income households have to dedicate to rent has reached a record high 54.3 percent. For middle-income households, it’s 32.2 percent and for high-income households, it’s just 22.9 percent. ‘Housing stress’ has long been defined as requiring more than 30 percent of income to put a roof over your head.

While some high-income households may aspire to own their own homes, rising property values have made that a difficult and long process given the years it takes to save a deposit. ANZ CoreLogic data shows it now takes a median 10.1 years in the capital cities and 9.9 years in regional areas to save a 20 percent deposit to buy a property.

It also takes 48.3 percent of income in the cities and 47.1 percent in the regions to cover mortgage repayments at today’s home loan interest rates, which is far greater than the portion of income required to service rents at a median 30.4 percent in cities and 33.3 percent in the regions.

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