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Faena House among the top sellers in Miami market

Faena House

Faena House is the first of four planned oceanfront condo towers, a billionaire project which stretches from 32nd to the 36th streets on both sides of Collins Avenue. The 47-unit tower was designed by Foster+Partners featuring open-air balconies with "aleros"and includes amenities such as a gym, spa, pools, underground garage and a beach club.
It has captivated the attention of many world-renowned mega-rich financial managers as this list may confirm:
  • - Lloyd Blankfein, CEO and chairman of Goldman Sachs, one of the largest investments banks in the world, it’s said to be the first buyer at the project when paid $9,5 million for unit 8A, a four-bedroom six-bathroom 6,246 sq. ft. condo on the eighth floor of the building.
  • - Next, Brian Kwait, founder of Odyssey Investment Partners, a New York based private equity company, and his wife Randye, paid $9,8 million for unit 9A, with same floorplan as all “A” residences.
  • - Craig Effron, co-founder of Scoggin Capital Management, and his wife Caryn, had a good deal paying $9,2 million for unit 6B, a four-bedroom five-bathroom 5,466 sq. ft. condo on the sixth floor.
  • - Billionaire Alan Howard, co-founder of European hedge fund Brevan Howard Asset Management, paid $14,5 million for unit 4A, a 6,246 sq. ft. four-bedroom six-bathroom condo on the fourth floor of this tower.
  • - Kenneth Griffin is being credited for breaking all Miami residential records when over a month ago hit the market with a $60 million purchase of a huge penthouse. In late September New York Times revealed that CEO and founder of investment company Citadel acquired the amazing penthouse on the rooftop of the Faena House. It’s a four-bedroom five-bathroom giant 18,000+ sq. ft. duplex (16th and 17th floors) with exclusive amenities such as a private elevator, outdoor kitchenette and a private rooftop 70-foot-long pool on a 9,900 sq. ft. terrace with a supreme view to the Atlantic Ocean.
  • - And last, a second penthouse unit has been sold recently to Pomes Miami Beach Inc., who paid $29,17 million for unit PH-A, according to Miami-Dade records. This is the 10,287 sq. ft. four-bedroom six-bathroom penthouse on the 15th floor.