Faena Residences developers presell $30M penthouse for record price along Miami River
Shahab Karmely and Edgardo Defortuna’s joint venture presold a penthouse at their Faena-branded luxury condo development along the Miami River for $30 million, a record for the area on price as well as price per square foot. Karmely’s KAR Properties has long planned to develop the waterfront site into the Rafael Viñoly-designed project. In 2022, Karmely brought on Defortuna’s Fortune International Group as a partner. Last year, they launched the Faena Residences. A mystery buyer is under contract to buy a penthouse in the east tower that will span 8,200 square feet of interior space and also include 7,000 square […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
The mortgage industry is deploying AI backward
What lenders need to ask as they prepare for a multi-credit scoring model environment
North Palm Beach town center redevelopment tied up in lawsuits
‘Summer House’ Star Danielle Olivera ‘Finally’ Brings Baby Son Aidan Home After He Spent 63 Days in the NICU: ‘Time to Move In’
1 in 3 Homebuyers Say They Will Drop Their Mortgage Lender Over This Issue
Joanna Gaines Reveals Peek Inside Her ‘Favorite Day of the Year’ With Her 5 Kids at Family’s Waco Farmhouse
EXCLUSIVE: $18 Million Hotel-Inspired Miami ‘Sky Villa’ Aims To Woo Wealthy Buyers Away From Megamansions With Jaw-Dropping Amenities
Colorado’s AI proposal raises new compliance questions for lenders
Michael Stern sells interest in Miami Beach condos to majority owner Activate Hospitality
Retirees are experiencing a disconnect between net worth, cash on hand
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131