New York Yankees star Alex Rodriguez has purchased a 3,200-square-foot penthouse at GranParaiso in Miami’s Edgewater neighborhood, the developer confirmed to The Real Deal.
The Related Group would not disclose a purchase price, but said that similar units sell for more than $4 million, as first reported by the Miami Herald.
In 2013, A-Rod sold his 20,000-square-foot Miami Beach mansion on North Bay Road for $30 million. The 14-time MLB All-Star, who admitted to using steroids in 2014, has a reported net worth of $252 million.
His flow-through unit, which will include 12-foot ceilings, will be on the 53rd story of the tower.
When completed in 2018, A-Rod‘s neighbors at the Edgewater condominium will include DJ and record producer David Guetta, San Antonio Spurs player Manu Ginóbili and tennis champion Arantxa Sánchez Vicario.
The Related Group launched sales for the fourth Paraiso tower, part of the ten-acre complex, in April. Piero Lissoni designed the lobby and public spaces, according to a press release. GranParaiso’s amenties will include a 100-foot zero entry pool, children’s pool, gym and spa, bowling lanes, virtual golf, theater, and access to the Paraiso Beach Club, which will feature a Michael Schwartz-led restaurant.
Paraiso Bayviews, the third tower to launch, broke group in August. The entire development is being built between Northeast 31st Street and Northeast 32nd Street, and from Biscayne Bay west to Northeast Fourth Avenue. – Katherine Kallergis