Chuck Roberts, Managing Director of Investments, Stifel, next to 57 Ocean in Miami Beach (Stifel, DBOX)
Multiplan Real Estate Management’s 57 Ocean condominium closure in Miami Beach began last month with 20 sales recorded to date.
The buyers include Chuck Roberts, Managing Director of Investments at Stifel in New York, who, according to real estate files, paid $ 13.8 million for Penthouse 2. Roberts funded the purchase with a $ 10.3 million mortgage from Stifel Bank & Trust.
Multi-billion dollar Brazilian developer Jose Isaac Peres completed the 18-story, 69-unit building at 5775 Collins Avenue in late September with a sale of over $ 330 million. Sales began in 2018 and prices ranged from about $ 1.5 million to $ 36 million.
The closings to date total $ 106.6 million and feature buyers including:
- Julio and Lisa Cantillo who paid $ 8.6 million for the 1501 unit
- Roland and Margarita Hernandez, who paid $ 7.9 million for Unit 101. Margarita Hernandez, of Pasadena, California, is a past member of the University of San Diego’s Board of Trustees.
- Michael Field, a trustee of the 40B Shelter Island Trust who paid $ 7.2 million for the 903 unit
- Ocean 57 LLC, affiliated with G Dot, who paid $ 8.1 million for the 1803 unit
- Brenda Frecka paid $ 9.3 million for the 1103 unit.
The sales underscore the momentum the South Florida residential market has seen during the pandemic. As the stock of luxury single-family homes shrinks, condominium sales boom and overseas buyers continue to flood the area.
In early September 2021, Multiplan sold the top penthouse to an unknown buyer for $ 36 million. It covers 7,500 square meters of interior space and has an additional 7,000 square meters of terraces.
The condominium building was designed by Bernardo Fort-Brescia of Arquitectonica, with interiors by Brazilian designer Patricia Anastassiadis. Facilities include a spa, wellness pavilion, poolside treatment cabins, and a fitness center.
In May 2020, the developer received a construction loan of 59 million US dollars from the bank OZK.
Contact Adam Farence
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