The Real Deal Miami

Blankfein early Faena Miami Beach buyer: report

Goldman CEO invests in condo at $1B project
December 09, 2013 04:30PM

Faena Miami Beach rendering and Lloyd Blankfein

Faena Miami Beach rendering and Lloyd Blankfein

Goldman Sachs Group CEO Lloyd Blankfein and Apollo Global Management co-founder Leon Black are believed to be early condo buyers at the $1 billion Faena Miami Beach mixed-use development.

Blankfein and Black are among the first group of buyers for the high-end 18-story Faena House condo tower, Bloomberg reported. Units at Faena House are priced between $3 million and $50 million. The broader development includes two luxury hotels and a cultural center designed by prominent architect Rem Koolhaas.

Buenos Aires-based Alan Faena, the project developer, hosted an exclusive party for art collectors, business partners and other VIPs at the development site during Art Basel Miami Beach. Guests included Leonardo DiCaprio and film mogul Harvey Weinstein. [Bloomberg]Eric Kalis