NYC fast food king buys at Mansions at Acqualina

Miami /
Oct.October 14, 2015 10:30 AM

Dennis Riese, chairman and CEO of the Riese Organization, and his wife Randi paid $6 million for a unit at the Mansions at Acqualina, according to a deed recorded on Tuesday.

The Rieses closed on unit 3301 in the newly completed 47-story tower in Sunny Isles Beach, Miami-Dade County records show. Details about the unit were not available.

The New York-based Riese Organization owns and operates about 75 restaurants in the New York City area, including TGI Fridays, KFC, Pizza Hut, Nathan’s and Tim Hortons Cafe and Bake Shop.

Mansions, at 17749 Collins Avenue, was developed by Jules and Eddie Trump — of no relation to presidential candidate Donald Trump — and is the second Acqualina-branded tower to be built. The third, Estates at Acqualina, is expected to open in 2019. 

Other buyers in the high-end tower include video game developer and software company executive Joel Hochberg. Mansions at Acqualina began recording closings on Aug. 10 and marks the 37th new condo tower to be completed in coastal South Florida since the current real estate cycle began in 2011.


Related Articles

arrow_forward_ios
Nick Woodhouse and Jeffrey Soffer and Turnberry Ocean Club (Linkedin, Fontainebleau, Turnberry)
Authentic Brands prez buys Sunny Isles Beach condo for $5M
Authentic Brands prez buys Sunny Isles Beach condo for $5M
Regalia condominium tower at 19575 Collins Avenue in Sunny Isles Beach (Google Maps)
Regalia association scores $18M settlement in construction defects lawsuit
Regalia association scores $18M settlement in construction defects lawsuit
Laurie Stark and Turnberry Ocean Club (Getty)
Chrome Hearts co-owner Laurie Stark pays $7M for Sunny Isles Beach condo
Chrome Hearts co-owner Laurie Stark pays $7M for Sunny Isles Beach condo
Lionel Messi and photos of the Regalia unit (Getty)
Goooooool: Lionel Messi’s family scores condo in Sunny Isles Beach
Goooooool: Lionel Messi’s family scores condo in Sunny Isles Beach
The Sunny Isles residential tower. (The Ritz-Carlton Residences)
Top security? Prison equipment mogul drops $26M on Ritz-Carlton Sunny Isles penthouse
Top security? Prison equipment mogul drops $26M on Ritz-Carlton Sunny Isles penthouse
Gil Dezer, Bentley CEO Adrian Hallmark and a rendering of Bentley Residences (Getty, iStock)
Gil Dezer partners with Bentley for luxury condo tower in Sunny Isles Beach
Gil Dezer partners with Bentley for luxury condo tower in Sunny Isles Beach
Matthias Krull (Linkedin, iStock, US District Court - Sourthern District of Florida/Illustration by Alexis Manrodt for The Real Deal)
Swiss banker’s sentence slashed in alleged $1B Venezuelan money laundering scheme
Swiss banker’s sentence slashed in alleged $1B Venezuelan money laundering scheme
Ian C. Read and the Jade Signature unit (erial Videos for ONE Sotheby's International Realty)
Looking for a shot in the arm: Pfizer’s former CEO lists South Florida condo for $18M
Looking for a shot in the arm: Pfizer’s former CEO lists South Florida condo for $18M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...