The Real Deal Miami

Zaha Hadid’s South Beach condo unit just sold at a discount

The late architect designed the three-bedroom unit herself
By Ina Cordle | September 04, 2018 01:30PM

Zaha Hadid with unit (Credit: Getty Images)

UPDATED, Sept. 4, 3:55 p.m.: More than two years after her death, Zaha Hadid’s condo at the W South Beach just sold for $5.75 million.

The late architect’s three-bedroom, four-bathroom corner unit at 2201 Collins Avenue was placed on the market in May 2016 at $10 million following her death. The asking price on what had been three separate units was reduced to $6.5 million in November 2016. The 2,541-square-foot condo, which Hadid designed, sold for $2,263 per square foot.

Hadid had purchased two units in 2010 for $2.79 million and one unit in 2015 for $1.38 million, and combined them to form the condo.

The sale has not yet cleared records, but the Wall Street Journal reported that it is New York and Boston-based Ray Bassiouni, chairman of ATI systems, which installs emergency warning and notification systems. He already owns two units in the building.

Angelica Garcia & Ivan Chorney of One Sotheby’s International Realty’s Sports and Entertainment Division had the listing. David Pulley of Douglas Elliman’s Sports & Entertainment Division represented the buyer. A spokesperson for One Sotheby’s declined to disclose the buyer.

Hadid lived in the unit while she was designing One Thousand Museum — her first and final residential project in the western hemisphere. The 62-story tower at 1000 Biscayne Boulevard in Miami topped off earlier this year and will feature Hadid-designed amenity spaces and furnishings.

The Pritzker Prize-winning architect died at Mount Sinai Medical Center in Miami Beach on March 31, 2016, after suffering a heart attack while being treated for bronchitis. She was 65.

Hadid was known for her sinuous, curvaceous designs that pushed the limits of building shapes.