Overlooking the Piazza della Signoria with its copy of Michelangelo's David statue as well as the gallery of statues in the adjacent Loggia dei Lanzi, it is one of the most significant public places in Italy.

And what people do is they develop their home on one or two stories, and they sell their loggia or roof rights, and someone else builds on top of their building, and then that person sells the roof rights, and someone else builds on top of their building.