Demolition of Knoxville’s most extravagant, over-the-top mansion begins Monday. The teardown of the 40,000-square-foot, 86-room Villa Collina is just contingent on the Knoxville Utilities Board making sure all gas lines are empty, Sharon Bailey, a broker and representative of the property owners, told Knox News. Bailey said once started, the process will take several days. Total Demolition Services is leading the work. The property, located at 5628 Lyons View Pike, was purchased by LView… Source link
Read More »Property Stocks Sink After Demolition Order: Evergrande Update
(Bloomberg) — Chinese developer shares dropped following local media reports that China Evergrande Group has been ordered to tear down apartment blocks in a development in Hainan province. Evergrande halted trading in its shares. Most Read from Bloomberg An index of Chinese developer shares slumped as much as 2.8% in Hong Kong before closing 1.7% lower. A local government in Hainan told Evergrande to demolish 39 buildings in 10 days because the building permit was illegally obtained, Cailian… Source link
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