The Real Deal Miami

PCS Wireless co-founder buys Mansions at Acqualina PH for $16.5M

8,470-square-foot unit on 43rd floor has five bedrooms and an indoor pool

November 04, 2016 05:00PM
By Ina Cordle

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Mansions-at-Acqualina-and-Ben-Nash

Rendering of Mansions at Acqualina (on left) and Ben Nash

Chaim “Ben” T. Nash, the co-founder and CEO of PCS Wireless, just paid $16.5 million for a penthouse at Mansions at Acqualina in Sunny Isles Beach.

Miami-Dade records show Nash, with an attorney’s address in Florham, N.J., bought unit 4301/4302 at 17749 Collins Avenue directly from the developer, the Trump Group.

Michael Goldstein, president of sales at the Trump Group, told The Real Deal the 8,470-square-foot unit has five bedrooms and an indoor pool. He declined to disclose the buyer’s identity, saying just that the buyer is from the United States.

Records show the developer took back a $12 million mortgage on the unit.

Nash, 33, who began his career in wireless distribution in New York, took the helm as CEO of PCS in 2003 and led the company’s growth from a $1 million company to a global operation in 20 countries, according to the company’s website. The Brooklyn native co-founded PCS in 2007 when when he was 18, published reports show.

The 47-story Mansions at Acqualina was completed last year. The tower’s 72 units have summer kitchens and hot tubs, and six penthouses have indoor pools, while one top-floor unit has a pool hanging off the side of the building. Common areas are decorated with Fendi Casa furnishings. The Mansions’ lobby features walls of wood, marble, leather and fabric. From the ceiling hang two Swarovski chandeliers, each with 30,000 crystals, carrying a price tag of $250,000.

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Loma in the lobby of Mansions at Acqualina

In the center of the space: 12-foot tall bronze sculptures by sculptor Guy Dill, named Loma and Venice Angel, each weighing 1,000 pounds. Nearby is a private movie theater with stadium seating and a candy counter.

On the mezzanine level are a juice bar, a gym, Hamman sauna, hydrotherapy showers, a golf simulator, a playroom, a game room, and cigar and wine lounges.

Other buyers in the luxury tower include Dennis Riese, chairman and CEO of the Riese Organization, and his wife Randi; video game developer and software company executive Joel Hochberg and Alexey Knyshova, a former member of the State Duma, a legislative body in the Russian Federation.

The Trump Group’s next planned venture is the two-tower Estates at Acqualina. Last week, developer Jules Trump told TRD that the project’s second tower is on hold, amid the slowdown in the market.

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