The Real Deal Miami

Delta Air president buys Ritz-Carlton condo in Riviera Beach

This is Edward Bastian's second purchase in the condo tower

June 17, 2015 11:15AM
By Sean Stewart-Muniz

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The Ritz-Carlton Residences, Singer Island

The Ritz-Carlton Residences, Singer Island

The president of Delta Air Lines just picked up a unit in Riviera Beach’s Ritz-Carlton for $7.3 million, The Real Deal has learned.

Edward H. Bastian, along with his wife Anna, filed a deed for a unit on the building’s 12th floor earlier this week. The 7,443-square-foot condo has five bedrooms, four bedrooms and five-and-a-half bathrooms.

Edward H. Bastian, the president and director of Delta Airlines

Edward H. Bastian, president and director of Delta Air Lines

The unit was sold by Susan P. Lovejoy, the wife of the late Walter Lovejoy, who was chairman of the power transmission company Lovejoy Industries until he passed away in 2011. Walter purchased the Ritz-Carlton condo under his company Caprice I for $5 million in 2008.

This isn’t the Bastians first purchase in Riviera Beach — the couple picked up another unit on the Ritz-Carlton’s 16th floor for $2 million in 2012.

Edward H. Bastian was hired as Delta Air Lines’ president and director in 2007. Before that, Bastian spent two years as the company’s chief financial officer and executive vice president, and he has been at working at Delta in various roles since 1998.