The Real Deal Miami

English executive buys at Faena House for $8.8M

Daryl Foster, also a shareholder of Infinity Creative Media, was buyer

October 12, 2015 11:15AM
By Katherine Kallergis

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Daryl Foster and Faena House

Daryl Foster and Faena House

Daryl Foster, CEO of London-based Addison Lee, a transportation company, has purchased a unit at Faena House, according to Miami-Dade County records.

Foster, who is also a shareholder of Infinity Creative Media Ltd., paid $8.8 million for unit 7B, a 5,466-square-foot condo at the 18-story tower. His unit includes at least four bedrooms and five bathrooms. It has 4,165 interior square feet and 1,301 exterior square feet, according to Faena’s website.

Foster, who listed a Monaco address on the deed, sold the majority of his 50 percent interest of Addison Lee to private equity firm Carlyle in 2013. Addison Lee has more than 4,000 vehicles in the United Kingdom and competes with Uber.

Foster joins a number of individuals in the financial world who are buying at the exclusive Mid-Miami Beach condominium, which includes: Ken Griffin, who paid $60 million for two penthouse units; British billionaire Alan Howard, who paid $14.5 million for unit 4A; and Goldman Sachs Chairman and CEO Lloyd Blankfein, who paid $9.5 million for unit 8A.

Faena House marks the first of four planned oceanfront condo towers in the ultra-luxury project, which stretches from 3200 to 3500 Collins Avenue in Miami Beach. The 42-unit tower was designed by Foster + Partners and includes amenities such as a gym, spa, pools, underground garage and a beach club.