Waterfront living is getting really popular among the luxury circles. We have earlier told you about Four Season’s ownership residence on yacht and floating luxury abodes to take you away from the urban congestion to the peaceful ocean. Now, another new development on that front is from Oceanic-Creations, a Swedish based company, which has unveiled plans to build floating commercial and residential buildings around the world with the help of a new composite material. The company’s first project is of this floating pyramid named the ‘Maya Hotel‘ is estimated to cost around $209 million and will be located south of Cancun, Mexico, on the Caribbean Sea. The floating buildings will feature built-in insulation that makes the constructions suitable for all types of climate, from the freezing cold to extreme heat. The company also plans to build floating offices, factories, casinos, student dorms & hotels in future. The Maya hotel is expected to open by 2010.
via CNN / GadgetManiac
