Christel DeHaan’s mansion sells for $14.5M

The huge estate owned by Indianapolis businesswoman and philanthropist Christel DeHaan, who died in June 2020, has not long ago offered for a history-breaking $14.5 million. This would make the estate, called Linden Dwelling, the greatest-offering household assets in Indiana’s historical past, in accordance to a news release.

Colorado-centered M Development received the bid for the estate, and RH, which previously operated as Restoration Components, will lease the property.

RH’s objective is to open up the showroom, featuring RH-branded solutions, in summer months 2023, a news launch said. The recently repurposed estate also will feature a restaurant, wine bar and inside style and design and out of doors furnishings galleries.

The proceeds from the document-breaking sale will profit Christel Residence Intercontinental, the nonprofit organization that DeHaan started to assistance schooling for impoverished kids globally. The group operates colleges in Indianapolis, Mexico, Indiana, Jamaica, Mexico and South Africa and also offers five a long time of article-graduation aid as a result of its School and Occupations Software.