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
Nobu co-founder buys Delray home, developer sells Bear’s Club mansion for $34M
‘Full House’ Creator Jeff Franklin Makes Another Attempt To Sell $45 Million Beverly Hills Mansion Built on Site of Manson Murders Home
EXCLUSIVE: ‘The View’ Host Joy Behar Finally Snags Buyer for Longtime Hamptons Home—After $1 Million Price Bump
European hedge fund Brevan Howard leases Miami office amid flock of newcomers
California condo defect liability bill on deck after recess
How ROAD aims to boost housing supply and cut red tape
Fed Officials Signal Inflation Crackdown Ahead of Next Interest Rate Meeting
Most retirement savers want an ‘easy button’ for planning
What the ROAD to Housing Act can — and can’t — do for affordability
FAA lets Boeing sign off on 737 Max, 787 airworthiness certificates again
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131