La Villa Mexico, built in 1933 in Achrafieh, was recently sold. The developer assures that the historic residence and its garden will be preserved. (Credit: Élie Bekhazi/L’Orient-Le Jour)
News of the sale of Villa Mexico, in the Furn al-Hayek neighborhood of Achrafieh, has recently spread on social media, raising concerns about the future of this historic residence and its garden.Asked by L’Orient-Le Jour about the property’s future, developer Shafic Saab, head of real estate company Jamil Saab & Co., was categorical. “The demolition of Villa Mexico is totally out of the question.” He specified that, as part of the sale, the buyer, SAS Real SAL, had made a firm commitment to preserve the traditional building and its garden. “This historic residence and its garden are the entire value of our future project on the site,” he added.The property has development potential of “about 1,000 square meters of buildable space behind the villa,” the developer said, while emphasizing that “no concrete plan or projection has yet...
News of the sale of Villa Mexico, in the Furn al-Hayek neighborhood of Achrafieh, has recently spread on social media, raising concerns about the future of this historic residence and its garden.Asked by L’Orient-Le Jour about the property’s future, developer Shafic Saab, head of real estate company Jamil Saab & Co., was categorical. “The demolition of Villa Mexico is totally out of the question.” He specified that, as part of the sale, the buyer, SAS Real SAL, had made a firm commitment to preserve the traditional building and its garden. “This historic residence and its garden are the entire value of our future project on the site,” he added.The property has development potential of “about 1,000 square meters of buildable space behind the villa,” the developer said, while emphasizing that “no concrete plan or...
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