Chris Carlos, scion of wine and spirits distributor, pays $25M for Oceana Bal Harbour penthouse

His family business is second only to Miami-based Southern Glazer's Wine and Spirits

Apr.April 10, 2017 12:00 PM

Chris Carlos and Oceana Bal Harbour

A scion of the nation’s second largest wine and spirits distributor just sank $25 million into a penthouse at Oceana Bal Harbour.

Records show Chris Michael Carlos, the CEO of Atlanta-based Republic National Distributing Company, bought the duplex unit UP 2801 in the new 28-story, 240-unit luxury condo tower at 10201 Collins Avenue. Carlos, the son of the family-owned company’s former chairman and CEO, Michael C. Carlos, financed the unit with a $15 million mortgage from Morgan Stanley Private Bank.

The Carlos’ business roots date back to 1942, when his grandfather founded the Dixie Wine Company, later known as National Distributing Company. Today, Republic National Distributing Company supplies wine and spirits in nearly two dozen states, according to company information. It is second only to Miami-based Southern Glazer’s Wine and Spirits, which distributes in 35 states.

Carlos is a trustee of the Atlanta Ballet, according to the ballet’s website, and last year was named the “Philanthropist of the Year” by the Atlanta chapter of the Association of Fund-Raising Professionals.  

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 closings.

Records show at least 140 units have closed so far at Oceana Bal Harbour since it opened in November. Owners include Paraguayan magnate Jorge A. Riquelme, auto magnate Phillip H. Resnick and Nancy Resnick; Fidelity Investments portfolio manager Mark Notkin; Accenture managing director Paul Rakowski and Estee Lauder Companies vice president Amy DiGeso; and NetApp vice chairman Tom Mendoza, as well as a list of foreign buyers.

Designed by Arquitectonica, Oceana Bal Harbour has a total of four upper penthouses, including two that 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

Map of priciest condo sales and Oceana Bal Harbour unit 1701

Oceana Bal Harbour resale tops condo sales in Miami last week

Mark Notkin, Dina Goldentayer and David Siddons and the Oceana Bal Harbour unit (Credit: Douglas Elliman)

Junk bond manager sells Bal Harbour condo at a loss

Oceana Bal Harbour (Credit: iStock)

Online ticketing mogul sells Oceana Bal Harbour condo at a loss

From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Chad Carroll, Cyril Matz and Fernando Alves with unit 2501 at Oceana Bal Harbour

Brazilian retail mogul buys Oceana Bal Harbour condo for $8M

Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein (Credit: Daily Beast | Getty)

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B