search

The Real Deal Logo

Trending

Billionaire hedge funder Larry Robbins makes South Florida moveBillionaire hedge funder Larry Robbins makes South Florida moveChavin surrenders Loop office-to-resi play with deed-in-lieu of foreclosureChavin surrenders Loop office-to-resi play with deed-in-lieu of foreclosureHousing deal finally passes; here are the detailsHousing deal finally passes; here are the detailsMusklandia: Tesla divorces gigafactory land from city of AustinMusklandia: Tesla divorces gigafactory land from city of Austin
Popular
South Florida

Dallas developer buys PH at 1 Hotel & Homes

Buyer sold a condo at W South Beach in January

Penthouse 1617 at 1 Hotel & Homes
Penthouse 1617 at 1 Hotel & Homes

Dallas developer Joe Beard just closed on a new penthouse at 1 Hotel & Homes South Beach, about a month after selling his penthouse at the W South Beach.

Beard’s Westdale LLC paid $5.6 million for unit PH-1617, according to a spokesperson for the development. The developer, a joint venture between LeFrak and Starwood Capital Group, sold the three-bedroom, 2,781-square-foot unit. The condo also features a 255-square-foot terrace, a den and three-and-a-half bathrooms. Brazilian designer Debora Aguiar designed the fully furnished unit.

Sign Up for the undefined Newsletter

The buyer is managed by Beard, Westdale Real Estate Investment Management’s CEO. In January, Westdale W LLC sold penthouse 2 at the W South Beach for $8.7 million to plastics executive David Berges, former head of Hexcel.

In the 1 Hotel & Homes sale, Luis Gonell of Engel & Völkers Miami represented the buyer. Tracy Galya of Douglas Elliman represented the developer.

1 Hotel & Homes, at 102 24th Street, launched condo sales in 2013, and opened in 2015. The developer registered to sell its remaining units in New York a year later.