Restaurateur of St. Moritz hotel family sells Apogee condo for $8.2M

Miami /
Mar.March 14, 2017 04:30 PM

Johannes Badrutt, a Swiss restaurateur whose family owns a hotel in St. Moritz, has just sold his condo at the Apogee South Beach for $8.2 million.

Crossdate Finance Limited, which is linked to Badrutt, sold unit 801 at the Apogee at 800 South Point Drive in Miami Beach’s South-of-Fifth neighborhood, the listing agent told The Real Deal.

Badrutt owned the former JB Kitchen & Bar previously called Badrutt’s Place  in Brickell. His family owns the famous Badrutt’s Palace Hotel in St. Moritz in the Swiss Alps. Records show Badrutt paid $4 million for the condo in 2008.

Colin Feuling and his father Michael Feuling of Miami Investment Property LLC had the listing for the 4,154-square-foot, four bedroom, three-and-a-half-bedroom unit. The unit was last asking $8.99 million, Colin Feuling told TRD. The sale price equates to $1,974 per square foot.

The buyer’s agent was Caroline Draft, with D & A Real Estate, based in New York.

The sale has not yet cleared records, but a closing statement obtained by TRD shows the buyer is Apogee 801 LLC, linked to Warren Kanders of Kanders & Company, an investment firm in Stamford, Connecticut.

The buyer “liked that it was one of the most expensive buildings south of New York City and it has a very exclusive feel, yet it’s a residential neighborhood,” Feuling said, adding that the buyer also has friends who own units in the building.

“It’s good news for our market that it’s not just reliant on international sales,” he said.

The 67-unit Apogee South Beach was completed in 2008 by the Related Group. Apogee’s amenities include an enclosed garage, a swimming pool and deck, gym, spa, valet and concierge services.

The tower currently has one of the priciest listings on the market in South Florida. William Duker, an investor and former attorney, listed his tri-level penthouse in December for $65 million with Carlo Gambino of Douglas Elliman. The five-bedroom unit has 8,271 square feet and 13,146 square feet of outdoor space, split between balconies and a rooftop pool deck.


Related Articles

arrow_forward_ios
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)
Kate Ford’s Palm Beach estate sells for $55M
Kate Ford’s Palm Beach estate sells for $55M
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Gables Town Colony apartment complex, Sue Ansel of Gables Residential
Gables Residential scores $85M loan for Boca Raton apartment complex
Gables Residential scores $85M loan for Boca Raton apartment complex
Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya
Nuveen pays $103M for West Palm luxury apartments
Nuveen pays $103M for West Palm luxury apartments
Edmund Ansin and the property (Credit: Google Maps)
Billionaire TV family sells Miramar property to Florida Crystals
Billionaire TV family sells Miramar property to Florida Crystals
Toscana apartments and Juan Porro of FCI Residential
Florida Crystals sells Margate rentals for $60M
Florida Crystals sells Margate rentals for $60M
From left: Andrea and Renzo Rosso
Diesel family dishes on Wynwood condo project
Diesel family dishes on Wynwood condo project
arrow_forward_ios

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

Loading...