Real estate has always been a business full of powerful personalities. But can one person ¬create – or recreate – an entire luxury property market? Looking at the cases of Marbella, Belgravia, Bel Air and Monaco, it would seem so.
Real estate has always been a business full of powerful
personalities. But can one person create – or recreate – an entire luxury
property market? Looking at the cases of Marbella, Belgravia, Bel Air and
Monaco, it would seem so.
Marbella and Prince Alfonso zu Hohenlohe
Until the 1940s Marbella was nothing but a village of 900
inhabitants on the Spanish coast. That all changed when, according to legend, a
German prince’s coal-powered Rolls-Royce broke down there. Prince Alfonso zu
Hohenlohe fell in love with the place and decided to stay.
Born into one of the oldest noble families in Europe (he
was godson to the king of Spain), Hohenlohe was a successful businessman and
notorious playboy, fluent in five languages and skilled at sports such as
rally-driving and tennis. After his fateful stop in Marbella he decided in 1947
to build a grand private residence there – the Finca Santa Margarita, with
traditional whitewashed walls, red-tiled roofs, charming patios and terraces
and wonderful, sprawling gardens with fountains, thousands of old trees and
manicured lawns. There he played host to a constant flow of glamorous visitors
with names such as Bismarck, Metternich and Thyssen, many of whom eventually
bought adjacent plots to build their own homes.
But Hohenlohe had even grander plans. In 1954 he sold his
own home (to his friends the Rothschilds) and used other parts of the estate to
build the famous Marbella Club, which quickly became synonymous with Europe’s
mid-century elite “jet set” lifestyle. (Indeed Hohenlohe was often credited
with having “invented” the jet set.) Regular guests included the Duke and
Duchess of Windsor, the Formula 1 driver James Hunt, photographer Patrick
Litchfield, actors Sophia Loren and Sean Connery and many others.
Soon the former village was a fully fledged international
resort, with Hohenlohe still a driving force. As head of the Costa del Sol
Promoters’ Co-operative, he successfully lobbied for improvements to roads,
airports and water supplies in the region. He continued to run the Marbella
club and eventually set up another estate, not far away in the hills near
Ronda, where he planted Bordeaux grapes and produced his own award-winning wine
under the “Principe Alfonso” label.
By the late 1970s, however, Hohenlohe had become
disenchanted with Marbella’s move toward mass tourism and so he sold the club
to a consortium of Arab businessmen. Yet he was still proud of his accomplishments
and in 2003, only days before his death, he accepted a medal for merit in
tourism from the Spanish government.
One of Hohenlohe’s famous quips was: “I have lived in
castles, in Venetian palaces and the world’s finest hotels. I have watched the
sun rise over the beaches of five continents and I have looked into the eyes of
the most beautiful women of the universe.”
The latter group included Princess Ira von Fürstenberg, a
Fiat heiress whom he married when she was 15, actresses Ava Gardner and Kim
Novak, with whom he had affairs, and actress Jackie Lane, whom he married in
1970. But his greatest love was probably Marbella.
Bel Air and Alphonzo Bell Sr
Los Angelenos describe the three neighbourhoods of Beverly
Hills, Holmby Hills and Bel Air as the “golden triangle”. Beverly Hills started
out as a dry oil well of the Amalgamated Oil Company; Holmby Hills was founded
by wealthy retailer Arthur Letts Sr. And Bel Air, on the west side of the city,
was the brainchild of Alphonzo E. Bell Sr.
Bell was born in 1875 into a family of entrepreneurs; his
father created Bell Station Ranch, now the City of Bell, in Santa Fe Springs,
while his uncle was Ed Hollenbeck, founder of the First National Bank and a
driving force behind the creation of LA’s first public transportation system.
Alphonzo first found fame as a champion tennis player, winning bronze and
silver medals at the 1904 summer Olympic games, then went on to become a
successful gentleman farmer in Santa Fe Springs.
But his life changed dramatically in the early 1920s after
oil was discovered on his land. The profits allowed him to buy a 4,500-acre
ranch in the LA area, the Danzinger Estate, complete with a Spanish-style
mansion. Inspired by the views from this house, he realised he could use the
land to create a magnificent, upscale community. And the idea for Bel Air was
born.
Engineer Wilkie Woodward planned the houses and roads,
while landscape architect Aurele Vermeulen co-ordinated the plantings. Bel Air
officially opened on more than 600 acres in October 1922 and was a success
right from the start, thanks in part to the growth of Hollywood. Huge iron
gates marked the entrance to the new community and uniformed guards checked in
visitors, a novelty at the time. Bell built a sales and development centre in
Stone Canyon and worked in an office that is today a large suite at the Hotel
Bel Air. He also built the elegant Bel Air Beach Club in Santa Monica and the
Bel Air Country Club in 1924. Land purchasers in Bel Air were required to spend
a minimum of $20,000 on home construction and most early residents built in
Spanish-Mediterranean style. Nowadays, the community’s architecture ranges from
classic Californian to mid-century modern and contemporary. The neighbourhood
has become one of the most exclusive in LA, with notable residents including
the late US President Ronald Reagan.
| About the author |
Alexander Kraft, is chairman and chief executive of Sotheby’s International Realty in France and Monoco. This article is based on extracts from his book “Living in Luxury – Inside the World’s Most Glamorous Homes” (Thames & Hudson, £29.95) |
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