Estée Lauder executives buy penthouse at 300 Collins in Miami Beach

South-of-Fifth unit sold for $5.8M, or $1,845 psf

Miami /
Jun.June 28, 2018 03:30 PM

Richard Ferretti and James Gager and penthouse at Three Hundred Collins (Credit: Getty Images, Redfin)

Cosmetics executives Richard Ferretti and James Gager closed on a penthouse at developer Jason Halpern’s Three Hundred Collins condo building in Miami Beach, property records show.

Ferretti is the global creative director for Bobbi Brown Cosmetics, and his husband, James Gager, is a former global creative director for MAC Cosmetics and Jo Malone. Both have ties to Estée Lauder Companies, which owns Bobbi Brown Cosmetics. Gager was recently brought on by Estée Lauder to become its senior vice president and creative director.

The power couple paid $5.8 million, or $1,845 per square foot, for the 3,143-square-foot unit.

Douglas Elliman’s Dina Goldentayer and Sladja Stantic handled sales of the building for Halpern’s JMH Development. Goldentayer said two units remain at the development, including a second 2,700-square-foot penthouse asking $5.3 million.

Darryl Fox of One Sotheby’s International Realty brought the buyers. The penthouse unit was listed for $6.45 million, and features a wraparound terrace with views of the ocean and downtown Miami. Amenities at the building include a concierge, fitness center, rooftop deck with cabanas and a 75-foot pool.

The five-story building at 300 Collins Avenue was completed in June. Other buyers include chef Myles Chefetz, the celebrity restaurateur behind Prime 112 and Prime Italian, both in the South-of-Fifth neighborhood of Miami Beach.


Related Articles

arrow_forward_ios
Dan Deitchman and Koby Assaraf with a rendering of Industry | Oakland Park
Oakland Park developer partners with former Link Real Estate exec on new firm
Oakland Park developer partners with former Link Real Estate exec on new firm
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)
Kate Ford’s Palm Beach estate sells for $55M
Kate Ford’s Palm Beach estate sells for $55M
Renderings of the project (Group P6)
Group P6 lands $69M construction loan for Boca Raton project
Group P6 lands $69M construction loan for Boca Raton project
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Alex Sapir and Bella Sapir (Credit: Mark Von Holden/WireImage via Getty Images, and ADRIEL REBOH/Patrick McMullan via Getty Images)
Alex Sapir’s family closes on condos at Sapir’s Arte in Surfside
Alex Sapir’s family closes on condos at Sapir’s Arte in Surfside
Renderings of the project and Gil Dezer (Getty; Renderings via  Zyscovich Architects)
Dezer’s 30-acre megaproject in North Miami Beach gets first approval
Dezer’s 30-acre megaproject in North Miami Beach gets first approval
Three Hundred Collins
Three Hundred Collins allegedly marred by cheap materials, unpaid contractors and duped investors: lawsuit
Three Hundred Collins allegedly marred by cheap materials, unpaid contractors and duped investors: lawsuit
arrow_forward_ios

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

Loading...