The Real Deal Miami

London buyers among first to close at $1.3B Oceana Bal Harbour

Six units have traded so far at Oceana Bal Harbour for a total of about $25M

November 29, 2016 02:25PM
By Katherine Kallergis

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Rendering of Oceana Bal Harbour. Inset: Eduardo Costantini

Rendering of Oceana Bal Harbour. Inset: Eduardo Costantini

Developer Consultatio USA has started closings at Oceana Bal Harbour with all of the units so far selling to foreign buyers. 

London-based Lubomir Blasko and Zuzana Blaskova are the latest to close, paying $6.85 million for unit 1802S at the luxury condo project in Bal Harbour. The deal could be an indication of increased investment from the United Kingdom in South Florida post-Brexit.

Records show Tranquil Invest LLC, an entity controlled by the pair, bought the three-bedroom, 3,592-square-foot unit. Marketing materials listed online show it also has a 745-square-foot terrace. Blasko is a consultant from Slovakia and Blaskova a finance manager at London-based DeepCrawl, according to LinkedIn. They paid about $1,907 per square foot for their unit.

Oceana Bal Harbour, developed by Eduardo Costantini‘s Consultatio, has an estimated $1.3 billion sellout, which would set a record in South Florida.The project would beat out Oceana Key Biscayne, also developed by Consultatio, which generated nearly $580 million in recorded transactions as of earlier this year.

Six units have traded so far at the 10201 Collins Avenue project for a total of about $25 million, records show. It received its temporary certificate of occupancy, a spokesperson told The Real Deal. Here’s a breakdown:

  • Jersey-based Upsilon Limited paid $4.49 million for unit 902NE-M
  • Panama-based Madresal Trading Inc. paid $2.69 million for unit 703NE-M
  • Moscow banker Andrey Boguslavskiy paid $3.78 million for unit 601NE
  • Moscow-based Alexey and Olga Shaburov paid $3.25 million for unit 903NE-M
  • Bahamas-based Blessed Asset Management paid $3.9 million for unit 301NE

The 28-story, 240-unit development was designed by Arquitectonica, and features large sculptures by Jeff Koons, which developer Costantini purchased for $14 million: “Ballerina” and “Pluto and Proserpina.” It’s opening just in time for Miami Art Week and will debut the sculptures at a private event this week.

In all, Oceana Bal Harbour has four upper penthouses, two of which were under contract for $26 million each earlier this year. Piero Lissoni designed the interiors, the private restaurant and the penthouse bathrooms. Enzo Enea designed the pool deck landscape.

The 5.5-acre site was formerly known as the Bal Harbour Beach Club before Consultatio purchased it in 2012 for $220 million. A year later, the developer closed on a $332 million construction loan from a group of lenders led by HSBC.

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