Three-story penthouse at GLASS Miami Beach trades for $20M

Miami /
Oct.October 27, 2015 06:00 PM

A penthouse at GLASS, a newly built condo tower in Miami Beach that has only 10 units, was just sold for $20 million.

Each unit at the 18-story tower takes up at least one full floor and the unit that sold has three stories. True to the building’s namesake, the units all have floor-to-ceiling glass windows that boast 360-degree views of the ocean and Miami Beach.

Details about the penthouse’s appointments are scarce, but renderings hint at a sleek, ultra-modern style and spacious floorplans.

Miami-Dade property records show the buyer is a Delaware company named Mia Fl 2013 Holdings. Delaware has notoriously opaque public records laws, so the buyer’s true identity is unknown: however, it’s managed by the New York-based Fiocchi Group, which represents buyers of residential properties.

GLASS, which opened this year, was developed by Terra Group. Construction on the tower’s site at 120 Ocean Drive began in December 2013.


Related Articles

arrow_forward_ios
Terra’s David Martin and 1177 Kane Concourse (Google Maps)
Terra paid $32M for Bay Harbor Islands development site
Terra paid $32M for Bay Harbor Islands development site
Developers David Martin, Russell Galbut and renderings of the project.
David Martin and Russell Galbut start sales of Five Park condo tower in South Beach
David Martin and Russell Galbut start sales of Five Park condo tower in South Beach
Terra’s David Martin and the site now at 1177 Kane Concourse, Bay Harbor Islands (Google Maps)
Terra puts Bay Harbor Islands mixed-use dev site under contract
Terra puts Bay Harbor Islands mixed-use dev site under contract
Related's Jorge Perez, Metro's Daniel Hughes and Terra's David Martin with Two Park Grove
Commercial brokerage chief buys PH at Two Park Grove for $10M
Commercial brokerage chief buys PH at Two Park Grove for $10M
Terra’s David Martin and renderings of the project (Terra, iStock)
Terra scores $65M loan for Northwest Miami-Dade project
Terra scores $65M loan for Northwest Miami-Dade project
David Martin and Russell Galbut with a rendering of 500 Alton Road
Miami Beach developers nab $345M construction loan for 500 Alton
Miami Beach developers nab $345M construction loan for 500 Alton
Rendering of Baccarat Miami (Credit: ArX Solutions)
Miami condo craze returns as developers look to seize the moment
Miami condo craze returns as developers look to seize the moment
From left: David Martin, Aby Rosen, Jorge Perez, Barry Sternlicht, Victor Ballestas and Russell Galbut (Getty)
Developers bet on long-term demand for Class A Miami Beach office space
Developers bet on long-term demand for Class A Miami Beach office space
arrow_forward_ios

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

Loading...