How Related’s Jorge Pérez helped save the arts in Miami

Feb.February 09, 2014 01:00 PM

 Billionaire real-estate developer and Related development co-founder, Jorge Pérez, has become the unlikely figure behind a rebirth in the arts in Miami.

Combining his love for real estate developer and art, Pérez donated $40 million to the institution that is now his namesake — the Pérez Art Museum Miami, or PAMM.

“Cultural institutions have played a critical role in the growth of Miami, with this museum as a leading example,” Pérez said in an interview with CNN.

In his early 20s, Pérez began collecting paintings by Roberto Matta, Diego Rivera, Wifredo Lam, and Joaquin Torres-Garcia. Today 110 works from his private collection are available to the public in the  $220 million, three-story, 200,000-square-foot museum, designed by the Pritzker Prize-winning Swiss architects Herzog & de Meuron, according to CNN. [CNN] Christopher Cameron

Related Articles

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

From left: Bruce Molser, David Schechtman, Bob Knakal, David Greenbaum, and Judi Pulice

New York’s real estate bigwigs offer predictions for 2020

Following the latest rule changes in New York, Boston appears to be the last major city where tenant-paid broker fees are common practice.

Broker fees for NYC rentals mystified outsiders. Here’s how other US cities do it

Pier 1 store (Credit: Google Maps)

Pier 1 files for bankruptcy, seeks sale

From left: WeWork’s Adam Neumann and SoftBank’s Masayoshi Son (Photo-Illustration by Nazario Graziano)

Piecing together SoftBank’s disruptive real estate bets

The Obamas and 79 Turkeyland Cove Road (Credit: Getty Images, Zillow)

Post-presidential pads: After the White House, what comes next?