The Real Deal Miami

Company tied to Puerto Madero steakhouses pays $6.4M for Bal Harbour condo

The buyer is CEO of the Mexico and Miami steakhouse chain
By Katherine Kallergis | January 23, 2017 02:15PM

Renderings of Oceana Bal Harbour

Renderings of Oceana Bal Harbour

A Miami-based company tied to the CEO of the Puerto Madero steakhouse chain paid $6.4 million for a condo at Oceana Bal Harbour. 

Records show San Juan Bautista 1502 LLC closed on unit 1502 in the south tower of the newly completed condo development, at 10201 Collins Avenue. The company is controlled by Oscar Daniel Cremasco Scattolini, CEO of Puerto Madero, Maria del Carmen Olvera Morales and Hector D. Rolon.

The Puerto Madero restaurant group has one location in Brickell, at 1453 South Miami Avenue, and four in Mexico in Cancun, San Angel, Bosques de las Lomas and in Polanco.

Consultatio, led by Eduardo Costantini, completed Oceana Bal Harbour in November. Since then, 102 units have closed out of the 28-story development’s 240 condos. The project has an estimated $1.3 billion sellout, which would set a South Florida record and topple Costantini’s sellout Oceana Key Biscayne.  Oceana Bal Harbour also has four upper penthouses, two of which were under contract for $26 million each, but have yet to close.

Records show Stulmark Corporation, a British Virgin Islands-based company, just paid $9.76 million for unit 2201, also in the south tower.

Other Oceana Bal Harbour buyers include a company tied to a Russian helicopter operator, Chicago auto magnates Phillip H. and Nancy Resnick, Fidelity Investments portfolio manager Mark Notkin, Accenture managing director Paul Rakowski and Estee Lauder Companies vice president Amy DiGeso.

Arquitectonica designed the development, and 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.