The Real Deal Miami

Poonam Khubani buys 2nd residence at Miami Beach EDITION

Bollywood actress paid $16.5 million for second unit
By Heather Grossmann | December 09, 2014 12:38PM

Poonam Khubani

Poonam Khubani

Poonam Khubani, Bollywood actress, producer and vice president of infomercial giant Telebrands, has purchased a second unit at Ian Schrager’s Residences at the Miami Beach EDITION, Miami-Dade County records show. 

The Poonam Khubani Revocable Family Trust paid $16.5 million for unit 1602 in the uber-luxury building, following her purchase of unit 1601 for $17.5 million. The seller was Seville Acquisition, an affiliate of Marriott International.

The family trust obtained a $10 million mortgage from Bank of America – as it did for the purchase of unit 1601 – in order to close the deal at 2901 Collins Avenue, according to public records. 

There are only 26 units available in The Residences, all custom-designed by architect John Pawson.

Khubani’s $34 million real estate acquisitions top off a whirlwind of celebrity wheelings and dealings in Miami as the start came out in force last week for Art Basel.