PCS Wireless co-founder buys Mansions at Acqualina PH for $16.5M

8,470-square-foot unit on 43rd floor has five bedrooms and an indoor pool

TRD MIAMI /
Nov.November 04, 2016 05:00 PM

Chaim “Ben” T. Nash, the co-founder and CEO of PCS Wireless, just paid $16.5 million for a penthouse at Mansions at Acqualina in Sunny Isles Beach.

Miami-Dade records show Nash, with an attorney’s address in Florham, N.J., bought unit 4301/4302 at 17749 Collins Avenue directly from the developer, the Trump Group.

Michael Goldstein, president of sales at the Trump Group, told The Real Deal the 8,470-square-foot unit has five bedrooms and an indoor pool. He declined to disclose the buyer’s identity, saying just that the buyer is from the United States.

Records show the developer took back a $12 million mortgage on the unit.

Nash, 33, who began his career in wireless distribution in New York, took the helm as CEO of PCS in 2003 and led the company’s growth from a $1 million company to a global operation in 20 countries, according to the company’s website. The Brooklyn native co-founded PCS in 2007 when when he was 18, published reports show.

The 47-story Mansions at Acqualina was completed last year. The tower’s 72 units have summer kitchens and hot tubs, and six penthouses have indoor pools, while one top-floor unit has a pool hanging off the side of the building. Common areas are decorated with Fendi Casa furnishings. The Mansions’ lobby features walls of wood, marble, leather and fabric. From the ceiling hang two Swarovski chandeliers, each with 30,000 crystals, carrying a price tag of $250,000.

 

Loma in the lobby of Mansions at Acqualina

In the center of the space: 12-foot tall bronze sculptures by sculptor Guy Dill, named Loma and Venice Angel, each weighing 1,000 pounds. Nearby is a private movie theater with stadium seating and a candy counter.

On the mezzanine level are a juice bar, a gym, Hamman sauna, hydrotherapy showers, a golf simulator, a playroom, a game room, and cigar and wine lounges.

Other buyers in the luxury tower include Dennis Riese, chairman and CEO of the Riese Organization, and his wife Randi; video game developer and software company executive Joel Hochberg and Alexey Knyshova, a former member of the State Duma, a legislative body in the Russian Federation.

The Trump Group’s next planned venture is the two-tower Estates at Acqualina. Last week, developer Jules Trump told TRD that the project’s second tower is on hold, amid the slowdown in the market.


Related Articles

arrow_forward_ios
Edgardo Defortuna and a rendering of La Playa de Varadero

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
Ritz-Carlton Sunny Isles Beach, Nicholas Perdomo Jr., Janine Perdomo

Perdomo Cigars’ owners buy condo at Ritz-Carlton Sunny Isles

Perdomo Cigars’ owners buy condo at Ritz-Carlton Sunny Isles
Fortune International Group’s Edgardo Defortuna, Château Group’s Manuel Grosskopf and a rendering of the project

Fortune and Château score $119M refi for Sunny Isles condo project

Fortune and Château score $119M refi for Sunny Isles condo project
Diego Arnaud and Ritz-Carlton Residences, Sunny Isles Beach

Mexican steel CEO buys condo at Ritz-Carlton in Sunny Isles

Mexican steel CEO buys condo at Ritz-Carlton in Sunny Isles
Rendering of the Ritz-Carlton Residences, Sunny Isles Beach with Manuel Grosskopf and Edgardo Defortuna

Ritz-Carlton Residences Sunny Isles developers pay off $212M loan

Ritz-Carlton Residences Sunny Isles developers pay off $212M loan
Ritz-Carlton Residences Sunny Isles Beach (Credit: Sunny Isles Property Venture LLC and iStock)

Gastroenterologist buys unit at Ritz-Carlton Sunny Isles

Gastroenterologist buys unit at Ritz-Carlton Sunny Isles
Muse Residences and PMG Managing Partner Ryan Shear (Credit: PMG)

PMG, S2 score victory in legal battle at Muse Residences

PMG, S2 score victory in legal battle at Muse Residences
Bryan C. Hanson of Zimmer Biomet and the Residences by Armani/Casa

Medical device CEO snags condo at Residences by Armani/Casa

Medical device CEO snags condo at Residences by Armani/Casa
arrow_forward_ios

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

Loading...