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Douglas Elliman’s Jay Parker, Connected Group’s Jorge Pérez and Fisher island (Google Maps, Getty, Douglas Elliman, Similar Group)
Relevant Group and its companions employed Douglas Elliman to direct revenue of 6 Fisher Island, the closing condo progress on the mega-rich island in Miami Seashore, The True Deal has discovered.
The 50-device waterfront challenge is predicted to be the priciest on a for each-unit foundation in South Florida, as well as on Fisher Island, which is a single of the most expensive ZIP codes in the country.
Related previously explained models would typical $30 million and the penthouses would begin at $60 million. Sources told TRD that asking costs ended up up to $5,000 for each square foot.
The rate-per-square-foot record in South Florida is practically $6,000 per square foot for a unit at the 4 Seasons Residences at the Surf Club in Surfside that Miami Warmth President Pat Riley and his wife, Chris Riley, bought before this yr.
Elliman’s Cyril Matz, Oliver Lloyd, Lourdes Alatriste and Nirka Burns Padilla are overseeing revenue and marketing of the Fisher Island project, according to the brokerage. Income are invitation-only.
Jorge Pérez’s Associated, billionaire Teddy Sagi, BH Team and Chicago-centered Wanxiang The united states RE Team paid $122.6 million for the 6.5-acre site in September. Fisher Island developer Heinrich Von Hanau bought the property to Similar and its associates.
The condos will selection from a few to 8 bedrooms, and from 3,800 square feet to just about 16,000 square feet. The setting up, built by Kobi Karp Architecture & Interior Design with interiors by Tara Bernerd Associates, will have far more than 55,000 sq. feet of features. If units are priced at $5,000 for each sq. foot, that could indicate price ranges start off at $19 million. Relevant and Elliman did not respond to requests for comment.
Ritzy Fisher Island is only available by ferry, boat or helicopter. Von Hanau also a short while ago marketed a pair of single-household growth loads on the island for $13 million. The remaining 10 household web pages make up Von Hanau’s One-way links Estates single-household houses progress. Von Hanau launched sales of the mansions in June, with an typical rate of $33 million.
Nevertheless Connected is continuing to get properties and is shifting forward with the Fisher Island task, the apartment huge is performing exercises some caution. In October, it removed 1 tower from the St. Regis Residences, Miami, which it is co-establishing with Integra Investments, and it pulled out of a $500 million buyout of the Castle Beach Club apartment house in Miami Seashore with its partner, 13th Flooring Investments.
And much more product sales launches are envisioned as builders prepare to market their attributes to wealthy purchasers all through Miami Art Week upcoming 7 days. Witkoff and Monroe Capital recently tapped Elliman to market their planned Auberge-branded condos at the Shore Club in Miami Seaside.
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