The Real Deal Miami

Peace Palace for sale for $45 million

By Candace Taylor | September 18, 2009 02:55PM

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70 Broad Street

From the New York Web site: How much would you pay for peace of mind? A five-story meditation center at 70 Broad Street is now for sale. The price tag? $45 million. The landmarked, neoclassical building, built in 1908 by the American Bank Note Company, is currently owned and occupied by the Global Country of World Peace, a non-profit organization founded in the 1990s by Maharishi Mahesh Yogi, who introduced Transcendental Meditation in the 1950s. The technique became wildly popular in the 1960s and 70s, attracting followers like the Beatles, the Beach Boys and Jane Fonda. The group, which has centers called “Maharishi Peace Palaces” all over the world, purchased the stately granite building from developer Tony Goldman for $5.5 million in 2004, according to city records. [more]