Progressive Insurance Co. heir pays $7.5M for Grove at Grand Bay condo

Miami /
Nov.November 04, 2016 03:45 PM

A son of Progressive Insurance Company co-founder Joseph M. Lewis is the new owner of a unit at Grove at Grand Bay.

Records show Dan and Jan Lewis paid $7.45 million for unit 1901 in the south tower of Terra Group’s new luxury Coconut Grove condo.

The Lewises moved to Coral Gables in 1999 from Cleveland, according to a New York Times article. Dan Lewis, then a director of Progressive, is the brother of the company’s former chairman and CEO Peter B. Lewis, who was worth about $1.25 billion when he died in Coconut Grove in 2013.

Unit 1901S has 6,231 square feet of interior space, an 1,178-square-foot terrace and nine bedrooms. The price breaks down to $1,195 per square foot.

Terra Group delivered Grove at Grand Bay in August. The 98-unit, twin 20-story development was designed by starchitect Bjarke Ingels along with architect John Nichols of Nichols Brosch Wurst Wolfe & Associates.

Cervera Real Estate’s Philip Freedman handled sales for the project, which launched in 2012. Units range from 1,300 square feet to the 10,000-square-foot, full-floor penthouse. Prices ranged from about $1 million to $14 million, excluding the penthouse that’s on the market for $28 million.

Other buyers so far include Aztec Group founder and CEO Ezra Katz; hotel developer Bernard Wolfson; and family wealth manager Didier Doucet.

Raymond Jungles handled the landscaping for the condo project. Amenities will include rooftop pools, a spa and gym, a pet spa and a bicycle space for every resident. The project is aiming for LEED Gold certification, developer David Martin previously told The Real Deal.

An earlier version of this story incorrectly identified Dan Lewis as the son of Peter B. Lewis and grandson of Joseph M. Lewis. He’s actually Peter’s brother and one of Joseph’s sons. 


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