London buyers among first to close at $1.3B Oceana Bal Harbour

Miami /
Nov.November 29, 2016 02:25 PM

Developer Consultatio USA has started closings at Oceana Bal Harbour with all of the units so far selling to foreign buyers. 

London-based Lubomir Blasko and Zuzana Blaskova are the latest to close, paying $6.85 million for unit 1802S at the luxury condo project in Bal Harbour. The deal could be an indication of increased investment from the United Kingdom in South Florida post-Brexit.

Records show Tranquil Invest LLC, an entity controlled by the pair, bought the three-bedroom, 3,592-square-foot unit. Marketing materials listed online show it also has a 745-square-foot terrace. Blasko is a consultant from Slovakia and Blaskova a finance manager at London-based DeepCrawl, according to LinkedIn. They paid about $1,907 per square foot for their unit.

Oceana Bal Harbour, developed by Eduardo Costantini‘s Consultatio, has an estimated $1.3 billion sellout, which would set a record in South Florida.The project would beat out Oceana Key Biscayne, also developed by Consultatio, which generated nearly $580 million in recorded transactions as of earlier this year.

Six units have traded so far at the 10201 Collins Avenue project for a total of about $25 million, records show. It received its temporary certificate of occupancy, a spokesperson told The Real Deal. Here’s a breakdown:

  • Jersey-based Upsilon Limited paid $4.49 million for unit 902NE-M
  • Panama-based Madresal Trading Inc. paid $2.69 million for unit 703NE-M
  • Moscow banker Andrey Boguslavskiy paid $3.78 million for unit 601NE
  • Moscow-based Alexey and Olga Shaburov paid $3.25 million for unit 903NE-M
  • Bahamas-based Blessed Asset Management paid $3.9 million for unit 301NE

The 28-story, 240-unit development was designed by Arquitectonica, and features large sculptures by Jeff Koons, which developer Costantini purchased for $14 million: “Ballerina” and “Pluto and Proserpina.” It’s opening just in time for Miami Art Week and will debut the sculptures at a private event this week.

In all, Oceana Bal Harbour has four upper penthouses, two of which were under contract for $26 million each earlier this year. Piero Lissoni designed the interiors, the private restaurant and the penthouse bathrooms. Enzo Enea designed the pool deck landscape.

The 5.5-acre site was formerly known as the Bal Harbour Beach Club before Consultatio purchased it in 2012 for $220 million. A year later, the developer closed on a $332 million construction loan from a group of lenders led by HSBC.


Related Articles

arrow_forward_ios
Mark Tsesarsky and St. Regis Bal Harbour Condos (Google Maps, iStock)
Hedge fund principal buys St. Regis Bal Harbour condo
Hedge fund principal buys St. Regis Bal Harbour condo
240 Bal Bay Drive, Bal Harbour (Google Maps)
Waterfront Bal Harbour mansion sells for $14M
Waterfront Bal Harbour mansion sells for $14M
200 Bal Bay in Bal Harbour (Photo via Lifestyle Production Group for Douglas Elliman)
Bal Harbour investor Joseph Imbesi lists waterfront property for $65M
Bal Harbour investor Joseph Imbesi lists waterfront property for $65M
Matthew Whitman Lazenby and Bal Harbour Shops (iStock)
Voters reject easing height restrictions for Bal Harbour Shops
Voters reject easing height restrictions for Bal Harbour Shops
Matthew Whitman Lazenby and Bal Harbour Shops
Special election could pave way for height increase at Bal Harbour Shops
Special election could pave way for height increase at Bal Harbour Shops
Simon and David Reuben with St. Regis Bal Harbour (Getty, Google Maps)
Reuben Brothers takes over $132M loan backing St. Regis Bal Harbour
Reuben Brothers takes over $132M loan backing St. Regis Bal Harbour
Diego Lowenstein, Dayssi Olarte de Kanavos, Paul Kanavos, and Ronny Ben Josef, with The The Sagamore (Credit: The Sagamore Hotel)
Owners of Ritz-Carlton South Beach and Bal Harbour hotels merge with Sagamore
Owners of Ritz-Carlton South Beach and Bal Harbour hotels merge with Sagamore
Dina Goldentayer, Ryan Cohen and the Bal Bay Drive home (Credit: Kris Tamburello/Douglas Elliman)
Lawsuit alleges Harding Realty cut out of $24M Bal Harbour sale, reveals Chewy founder as alleged buyer
Lawsuit alleges Harding Realty cut out of $24M Bal Harbour sale, reveals Chewy founder as alleged buyer
arrow_forward_ios

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

Loading...