Francesco Morawetz

One of the world's most exclusive residential clubs comes to one of the world's most beautiful cities

Alyson Aliano for TIME

Francesco Morawetz

RESTORER

Real estate developer Francesco Morawetz, 75, is not the first entrepreneur to open a club and residence for luxury vacationers. But he's the first to do it in as grand a place as Palazzo Trevisan-Cappello off St. Mark's Square in Venice. And he may be the first to do it with as much respect for the art and architecture that came before.

The Italian-born Morawetz knew he wanted his private club to be in Venice, where select members who care for the city could enjoy a well-managed part-time home. "But it couldn't be just a luxury club," he says. It...

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