Former Chubb insurance chief nabs condo at
Jade Signature in Sunny Isles Beach

Project began recording closings earlier this year

Miami /
Mar.March 28, 2018 12:30 PM

Jade Signature and John Finnegan

UPDATED March 29, 11:50 a.m.: Former Chubb insurance chief John Finnegan plunked down $7.8 million for a condo at Fortune International Group’s recently completed Jade Signature in Sunny Isles Beach.

Property records show Finnegan bought unit 4701 at the 57-story, 192-unit condo tower at 16901 Collins Avenue.

Finnegan, who lives in Wyckoff, New Jersey, was the chairman of the property and casualty insurer Chubb Corp. until it was acquired by ACE Limited in 2016 for $29.5 billion. Before joining Chubb in 2002, Finnegan was executive vice president of General Motors.

Jade Signature, designed by Herzog & de Meuron, began recording closings earlier this year. Fortune launched sales and construction of the oceanfront development in 2013 and the tower is now nearly sold out. It’s grand opening was held earlier this month.

Buyers include the CEO of UnitedHealth Group in Brazil and Brazilian soccer pro Douglas Costa. Remaining units include two-story sky villas and penthouses asking between $14.2 million to $32.9 million, plus units starting at $4.8 million.

The building also features a beachfront deck with two pools and cabanas; a fitness center, library, wine and reading lounges, and a full-service spa.

Correction: A previous version of this story incorrectly noted Finnegan’s current status.


Related Articles

arrow_forward_ios
Oceana Bal Harbour at 10201 Collins Avenue Bal Harbour (Condo.com, compass)
Oceana Bal Harbour closing tops weekly condo sales in Miami-Dade
Oceana Bal Harbour closing tops weekly condo sales in Miami-Dade
Château Beach Residences at 17475 Collins Avenue (ORENA)
Medical mogul pays $13M for Château Beach condo in Sunny Isles
Medical mogul pays $13M for Château Beach condo in Sunny Isles
Gil Dezer with renderings of Bentley Residences (Dezer by Sonya Revell)
Dezer to launch sales of Bentley Residences tower in Sunny Isles Beach
Dezer to launch sales of Bentley Residences tower in Sunny Isles Beach
(Compass Real Estate, Zilbert, LoopNet, iStock)
Monad Terrace closing tops weekly condo sales in Miami-Dade
Monad Terrace closing tops weekly condo sales in Miami-Dade
Palazzo Del Mare, 7192 Fisher Island Drive
Here are Miami-Dade’s top condo sales in December
Here are Miami-Dade’s top condo sales in December
Jamestown sells Sunny Isles Beach apartment complex for $111M
Jamestown sells Sunny Isles Beach apartment complex for $111M
Jamestown sells Sunny Isles Beach apartment complex for $111M
From left: 1840 South Ocean Boulevard, 1341 South Ocean Boulevard and 2000 South Ocean Boulevard
These were South Florida’s largest resi sales of 2021
These were South Florida’s largest resi sales of 2021
Race car driver zips away from Sunny Isles Beach condo for $5M
Race car driver zips away from Sunny Isles Beach condo for $5M
Race car driver zips away from Sunny Isles Beach condo for $5M
arrow_forward_ios

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

Loading...