Why this US$68 million Miami penthouse designed by Renzo Piano could destroy Florida’s real-estate record
The 25,000-square-foot penthouse in North Beach, which will be ready in late 2019, has six bedrooms, two lifts and two summer kitchens, besides magnificent ocean views
A penthouse in Miami is set to shatter the state of Florida’s real-estate record.
The penthouse at Eighty Seven Park is 25,000 square feet and was designed to offer the resident 360-degree park, city and ocean views. The building is located in North Beach and is, according to a press release, 80 per cent sold.
According to The Wall Street Journal, the real-estate record in Miami is held by a US$60 million penthouse in Miami’s Faena House condominium complex, which hedge-fund executive Ken Griffin bought in 2015.
If it sells at the asking price of US$68 million, the penthouse will join the ranks of other real-estate listings that could set local records, including a US$20 million penthouse in Brooklyn and a US$45 million San Francisco complex that straddles two hillside lots.
According to the Journal, construction on the building is underway and is expected to be complete by the third quarter of 2019.
The building is under construction and is expected to be finished by the third quarter of 2019.
The unfinished building’s penthouse, which will be listed at US$68 million, is poised to shatter Florida’s real-estate record, which was set by the sale of a US$60 million penthouse in 2015.
The penthouse was designed by architect Renzo Piano, who has designed iconic buildings such as the Centre Georges Pompidou in Paris.