Wife of Amex CEO buys Bal Harbour condo

Kenneth Chenault is stepping down as CEO in February

Miami /
Dec.December 26, 2017 12:45 PM

9705 Collins Avenue and Kathryn and Kenneth Chenault (Credit: Realtor.com and Gordon Parks Foundation)

Kathryn Chenault, wife of American Express CEO Kenneth Chenault, just picked up another luxury condo in Bal Harbour.

A company controlled by Chenault paid $6.3 million for unit 1702 in the North tower of the St. Regis Bal Harbour, property records show. The same company, 9701 Collins 1701 LLC, paid $6.9 million for neighboring unit 1701N in 2013.

The seller, 1702 STR Harbour LLC, is led by Angel Junquera. Junquera bought the three-bedroom unit at 9705 Collins Avenue in 2012 for $3.9 million, records show.

Chenault’s new 3,128-square-foot unit traded for about $2,015 per square foot. Unit 1702N features panoramic floor-to-ceiling windows with views of the ocean.

Kenneth Chenault is stepping down as CEO of Amex after 37 years at the company.

Other business moguls at St. Regis Bal Harbour include Godiva Chocolatier Mohamed Elsarky.

The St. Regis was completed in 2011. Qatar’s largest development firm, Al Rayyan Tourism Development Company, acquired the hotel component of the property in 2014 for $213 million, or over $1 million a room.


Related Articles

arrow_forward_ios
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
Sam Herzberg and Bal Harbour Condo. (Getty, Bal Harbour)
Real estate investor Sam Herzberg buys oceanfront Bal Harbour condo for $7M
Real estate investor Sam Herzberg buys oceanfront Bal Harbour condo for $7M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
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
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Steven and Beth Millner with One Thousand Ocean (Patrick McMullan/Getty, Google Maps)
Private equity honcho pays $5M for Boca Raton condo
Private equity honcho pays $5M for Boca Raton condo
arrow_forward_ios

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

Loading...