Robert Wennett lists PH for $34M after selling 1111 Lincoln
Developer sold the mixed-use garage in July for $283M
Selling 1111 Lincoln Road for $283 million wasn’t enough for developer Robert Wennett. Now, he’s listing his penthouse atop the luxury mixed-use garage for $34 million.
The condo, with 7,700 square feet of indoor space, 18,000 square feet of outdoor space, seven bedrooms, a separate guest house and landscaping by Raymond Jungles, is being listed by Coldwell Banker’s Jill Hertzberg and Jill Eber of the Jills. It was designed by Pritzker Prize-winning architect Herzog & de Meuron.
Wennett is ready to move on to another project, Hertzberg said. He sold the building, an office, retail, event venue and parking garage he developed, to German institutional investor Bayerische Versorgungskammer in July.
The penthouse features a sloped garden with grapevines, outdoor terraces with Roberto Burle Marx-style pavement, and a rooftop with a pool, bar and kitchen. The smart home has white oak floors and cabinets, Gaggenau appliances, bathrooms with skylights and high-tech lighting. Hertzberg called it one of the most exciting properties she’s listed. Wennett has been living in the condo since 2011.
Property records show Wennett paid $23.5 million for the site in 2005 before building 1111 Lincoln. The building, which sits at the northwest entrance of the Lincoln Road pedestrian mall, has 94,488 square feet of office space, 51,839 square feet of retail space, and a 300-space parking garage/event space.
In September, he paid $16 million for a 10-acre property in Allapattah, where he is reportedly planning a major development.