The Real Deal Miami

Edition condo sells for $6M

By Evan Bleier | April 05, 2013 01:00PM

A rendering of an Edition unit

A 2,000-square-foot two-bedroom condominium at the Residences at the Miami Beach Edition has sold for $6 million, or $3,000 per square foot, The Real Deal has learned.

“It’s a sexy, little bachelor pad,” said Toni Schrager of Avatar Real Estate Services, who handled the sale.

The Edition, a 26-unit John Pawson-designed combination condo-hotel, is set to open in 2014. The project features 26 condo units ranging from one-to-four bedrooms, on the top two floors of a 250-room hotel designed by Ian Schrager, which is set to include a bowling alley and an ice-skating rink.

“[The buyer] had been waiting for Ian to do something in Miami for a while,” Toni Schrager told TRD. “He’s just a big fan of his style and knows that whatever he does always turns out great.”

The apartment has a 14,000-square-foot balcony and a rooftop terrace overhead.

The Edition launched sales in January. Last month, Coldwell Banker’s William Pierce sold a $34 million combined-unit penthouse at the project.