Green venture capital firm buys luxury condo at Muse in Sunny Isles

23 units have closed at the 68-unit, 49-story tower since it opened in June

Jul.July 16, 2018 12:30 PM

George Pagoumian and Muse Residences

A green venture capital firm just purchased a unit at the newly completed Muse Residences in Sunny Isles Beach for $6 million.

Boca Raton-based PMA Venture Capital Group, led by George Pagoumian, bought unit 3601 at the luxury tower in Sunny Isles at 17100 Collins Avenue, which began recording sales in June. Kevin Maloney’s Property Markets Group and Claudio Stivelman and Marc Schmulian’s S2 Development developed the 68-unit, 49-story tower. 

PMA Venture Capital Group is a venture capital firm “committed to funding innovations which promote a healthy mind, body, and soul,” according to its website. Green venture capital firms typically invest in companies with a positive social impact.

PMA has also purchased units in the Axis Tower in Brickell, records show. Pagoumian also founded NAPCO LLC, which became one of the largest independently owned wholesale consolidation-focused global property insurance firms in the United States, according to PMA Venture’s website.

Amenities at Muse include a gym on the third floor, sauna, children’s play room, a “farm to table” lounge for residents, outdoor pool cafe and pet services. Dr. Deepak Chopra, a New Age and alternative medicine advocate, designed the finishes for some units at Muse Residences in Sunny Isles Beach.

Since June, 23 units have closed in the luxury condo tower, according to property records. It was designed by architect Carlos Ott, along with Sieger Suarez Architects.

Related Articles

Echo Brickell and PMG principal Ryan Shear

Construction of Echo Brickell allegedly damaged neighboring condo building: lawsuit

Renderings of 400 Biscayne and Kevin Maloney 

Developers land $162M loan for downtown Miami co-living tower

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

South Florida firm buys Sunrise apartment complex for $20.2M

Home owned by late Miami Marlins pitcher Jose Fernandez is in foreclosure

Echo Brickell and Steven Pasko

Miami investment manager buys penthouse at Echo Brickell