Keith Kosow and 100 South Pointe Travel in Miami Seashore (Getty, LinkedIn/Keith Kosow, Luxhunters, Google Maps)
The founder of a well being care and technology-concentrated investment company bought his intestine-renovated Continuum South Seashore condominium for $10.3 million, The Real Offer has figured out.
Keith Kosow sold unit 1206 in the south tower of the Continuum at 100 South Pointe Drive. The deed has but to be recorded, and the purchaser is unfamiliar.
Device 1206 in the South Tower of the Continuum at 100 South Pointe Travel (Luxhunters)
Bill Hernandez and Bryan Sereny of Douglas Elliman represented the vendor, and Matthew Wilkens of One particular Sotheby’s Worldwide Realty introduced the consumer. Wilkens declined to comment on the deal.
Kosow is the founder and chief financial commitment officer of Cedar Holdings, a New York City-based investment organization that focuses on the well being treatment and technologies industries. He proven the organization in 2005, and it now manages $750 million in expense assets, according to its web site.
Kosow purchased the Continuum condominium for $5.8 million in 2021, records exhibit. The 3-bed room, a few-lavatory, just one-50 percent toilet apartment spans 2,500 sq. toes, according to home records. Kosow claimed he expended $1.2 million completing a gut renovation of the unit. He commissioned Medley-primarily based Westhaven Construction Companies, led by CEO Joel Alonso, to lead the buildout. Miami-based mostly inside design organization IG Workshop partnered with Kosow’s mother, interior designer Nannette Lewis, on the structure.
Unit 1206 in the South Tower of the Continuum at 100 South Pointe Travel (Luxhunters)
Kosow, who has lived at the 318-device Continuum as a renter for 15 decades, said he prepared to definitely put down roots when he purchased unit 1206. “I bought it as a lengthy-phrase household, “ he claimed, “I under no circumstances predicted it to be truly worth that a great deal.”
South Florida’s luxurious sector caught fireplace early on in the pandemic, and sustained considerable rate growth for two several years. Kosow suggests the timing was appropriate to promote, and he’s now on the lookout to hold out out the current market with a rental unit in Continuum.
“It’s a 25-yr-old developing. There is a ton of new products coming on line,” he mentioned, referring to the pipeline of luxury apartment towers in the performs throughout Miami-Dade. “Where would you somewhat be?”
New York-centered developer Ian Bruce Eichner designed the Continuum’s 42-tale south tower in 2002, and the 37-tale north tower in 2008. Eichner sold his penthouse at the Continuum for $35 million in 2021, much more than two years soon after it was detailed for $48 million.
Unit 1206 in the South Tower of the Continuum at 100 South Pointe Generate (Luxhunters)
The complex stays a magnet for superior-profile prospective buyers. In March, Associated Group’s improvement CEO Steve Patterson purchased a flipped device in the 42-tale south tower for $10 million.
In April, Robert Rivani’s Black Lion acquired a developing adjacent to the Continuum from 1 of Eichner’s affiliate providers for $11.5 million, with designs to lease the room to a new cafe.
