The Real Deal Miami

Brazilian software execs pay $11M for Fendi Château unit

The Cosentinos run TOTVS S.A.

October 04, 2016 10:40AM
By Katherine Kallergis

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Laércio Cosentino and a rendering of Fendi Chateau Residences

Laércio Cosentino and a rendering of Fendi Chateau Residences

The chief business officer of a São Paulo-based software firm paid $10.84 million for a new unit at Fendi Château Residences in Surfside.

Records show Monte Chateau LLC purchased unit 1001 at the newly completed condo building. The Coral Gables-based company is led by Laércio José De Lucena Cosentino, founder and CEO of TOTVS S.A., and Marcelo Eduardo Sant’anna Cosentino, chief business officer of the Brazilian software firm.

The Cosentinos join a number of high-profile foreign deals to close at the Château Group’s 12-story, 58-unit building at 9365 Collins Avenue since it began recording closings last week.

Closing prices so far have ranged from $4.61 million to $12 million to buyers like private equity investor Thompson Dean, Spanish architect Octavio Mestre and Russian tourism minister Amir Gallyamov.

Units range in size from three bedrooms with 3,300 square feet to three penthouses with more than 7,000 square feet, each, with a 4,000-square-foot private rooftop pool deck and summer kitchens.

Fendi Château was designed by Arquitectonica and includes multiple pools, a Jacuzzi, 12 private cabanas, a restaurant and bar, a fitness center and a spa, kids’ club, private theater, a private dining room, wine cellar and Shabbat elevators. It marks the first of a few new luxury condo buildings to be completed in Surfside this cycle.

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