The Real Deal Miami

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
By Keith Larsen | July 16, 2018 12:30PM

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.