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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The best suburbs for investment opportunities in Australia in 2024

There’s money to be made in the property market — if you know where to look.

By Josh Bozin
Tue, Mar 19, 2024 2 min

If you’re a first homebuyer, owner/occupier or investor, you might feel that the property market is slim pickings in some of your favourite city suburbs. Either there’s no supply or the reserve is well above your budget threshold. However, for those property-savvy individuals prepared to look harder, there’s a growing number of suburbs in Australia’s major cities that are proving to be great investment opportunities…

—…you just need to know where to find them.

Independently-owned real estate agency, Little Real Estate, has released its annual report for the best Australian suburbs for investing. Investors searching for affordability, cash flow, and capital growth potential are being encouraged to consider regional locations, including four in Queensland.

“In 2024, we anticipate a surge in property prices fuelled by the relentless demand for housing outpacing the available supply,” says Little Real Estate executive general manager of sales, James Kirkland. “An exceptionally strong rental market, coupled with a shortage of housing, continues to exert upward pressure on house prices nationwide.”

Real estate analyst Hotspotting’s National Top 10 Positive Cashflow Hotspots echoes the findings of Little Real Estate’s annual report. Its analysis found that Queensland locations showed exponential capital growth, with the Sunshine State securing half of the top 10 locations.

“Cash flow has become increasingly important over the past two years, given the much higher mortgage repayments in play,” says Hotspotting director, Terry Ryder. “It is imperative that investors seek out areas that also offer capital growth prospects, often due to their booming local economies across a diverse range of industries.”

Which location is best for a property investment?

It depends! According to Little Real Estate, in 2024, the Sydney suburbs of Wiley Park and Kensington come out on top, along with Caloundra West and Southport in South East Queensland, and Carlton and Moonee Ponds in Melbourne.

What is the most in-demand suburb in Sydney?

The property market is certainly inflated in Sydney in comparison to other states but investors can still find some gems in certain pockets of the city. Take Penrith, for example. According to REA data, the average cost of a unit in Penrith costs $540,000, with a rental yield of 4.3%.

Which state is best for investment property in Australia?

It’s hard to go past Queensland as one of Australia’s best states for investment properties. With four out of ten suburbs in Queensland appearing in Little Real Estate’s annual report—including Southport, Caloundra West, Coomera and Bulimba—Queensland and its surrounding suburbs, typically regional, are presenting as great investment opportunities.

“Whether you’re an investor, a family looking for a new home, or a professional seeking the ideal work-life balance, these suburbs are the ones to watch for growth and potential in the upcoming year,” says Kirkland.

What is the fastest growing suburb in Australia?

According to Smart Property Investment, the fastest growing suburb in Australia is Chelmer, Queensland – a south-western suburb in the city of Brisbane, with a quarterly price growth of 29.33 per ent. This is followed closely by Frenchs Forrest in NSW, and Greenmount in Queensland.

 

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