Shlomy Alexander buys unit at St. Regis Bal Harbour

He bought it for $170k less than the seller paid in November

Miami /
Sep.September 20, 2018 02:30 PM

Shlomy Alexander, St. Regis Bal Harbour

Miami luxury home developer Shlomy Alexander just paid $5.5 million for a condo at the St. Regis Bal Harbour.

Alexander bought unit 1401 in the south tower at 9701 Collins Avenue in Bal Harbour from Ausdav Real Estate of Toronto, property records show. The price for the 3,524-square-foot condo equates to $1,560 per square foot.

Ausdav had paid $5.67 million in November for the three-bedroom, three-and-a-half-bathroom unit, meaning the property traded at a discount of about $170,000.

Alexander is the founder of the Alexander Group, a high-end spec home developer with projects in South Florida, the Hamptons, New York City and Aspen. In South Florida, his developments include 3 Indian Creek Island Road, which sold for $47 million in 2012; 252 Bal Bay Drive in Bal Harbour, which is on the market for $28 million; and 3541 Flamingo Drive in Miami Beach, which is now completed and held by trusts in the names of his children.

St. Regis Bal Harbour is a condo-hotel project across the street from Bal Harbour Shops. Qatari-based Al Rayyan Tourism Investment Company purchased the hotel portion of the project for $213 million in 2014. The 27-story luxury hotel includes 192 rooms and 24 condo-hotel units.

Other notable condo owners at the St. Regis include the wife of former American Express CEO Kenneth Chenault, as well as the CEO of Godiva Chocolatier Mohamed Elsarky and his wife, Irma, who paid $6.5 million for a unit in October 2017.


Related Articles

arrow_forward_ios
One Bal Harbour at 10295 Collins Avenue in Bal Harbour, FL (Seaside Properties Group, iStock/Illustration by Steven Dilakian for The Real Deal)
One Bal Harbour associations settle suit over shared utility, valet expenses
One Bal Harbour associations settle suit over shared utility, valet expenses
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
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
The Grove at Grand Bay
Grove at Grand Bay closing tops weekly condo sales in Miami-Dade
Grove at Grand Bay closing tops weekly condo sales in Miami-Dade
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Michael Stern accused of “duping investors” in Monad Terrace project
Michael Stern accused of “duping investors” in Monad Terrace project
Michael Stern accused of “duping investors” in Monad Terrace project
Qatari owner of St. Regis Bal Harbour pays off Reuben Brothers with $188M refi
Qatari owner of St. Regis Bal Harbour to pay off Reuben Brothers with $188M refi
Qatari owner of St. Regis Bal Harbour to pay off Reuben Brothers with $188M refi
arrow_forward_ios

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

Loading...