Brazilian software execs pay $11M for Fendi Château unit

The Cosentinos run TOTVS S.A.

Oct.October 04, 2016 10:40 AM

The chief business officer of a São Paulo-based software firm paid $10.84 million for a new unit at Fendi Château Residences in Surfside.

Records show Monte Chateau LLC purchased unit 1001 at the newly completed condo building. The Coral Gables-based company is led by Laércio José De Lucena Cosentino, founder and CEO of TOTVS S.A., and Marcelo Eduardo Sant’anna Cosentino, chief business officer of the Brazilian software firm.

The Cosentinos join a number of high-profile foreign deals to close at the Château Group’s 12-story, 58-unit building at 9365 Collins Avenue since it began recording closings last week.

Closing prices so far have ranged from $4.61 million to $12 million to buyers like private equity investor Thompson Dean, Spanish architect Octavio Mestre and Russian tourism minister Amir Gallyamov.

Units range in size from three bedrooms with 3,300 square feet to three penthouses with more than 7,000 square feet, each, with a 4,000-square-foot private rooftop pool deck and summer kitchens.

Fendi Château was designed by Arquitectonica and includes multiple pools, a Jacuzzi, 12 private cabanas, a restaurant and bar, a fitness center and a spa, kids’ club, private theater, a private dining room, wine cellar and Shabbat elevators. It marks the first of a few new luxury condo buildings to be completed in Surfside this cycle.

Related Articles

Fendi Chateau and Israel Roizman of Roizman Development (Credit: Chateau Group via Curbed)

Low-income housing developer buys condo at Fendi Château

Sapir Corp. takes $32M loan from Tamir Sapir’s estate

Richard Lichter and Four Seasons Residences at the Surf Club

Twice as nice: Newbury Partners founder picks up second unit at Surf Club Four Seasons

Randy Carballo and Ileana de la Torre

Movers & Shakers: Blanca CRE poaches Randy Carballo from JLL & more

Pricing revealed at Sapir’s Arte by Antonio Citterio in Surfside

Four Seasons at The Surf Club penthouse sells for $21M

Fort Partners lands $56M refi for Four Seasons Surf Club in Surfside

Arte by Antonio Citterio’s architecture is “a little bit more experimental”: Alex Sapir