The Real Deal Miami

This CFO paid $7M for a Porsche Design Tower condo

Lloyd Howell bought the condo for $1,636 psf
By Keith Larsen | September 21, 2018 01:30PM

Porsche Design Tower (Credit: Max Pixel)

Booz Allen Hamilton’s CFO just paid $6.8 million for a condo at the Porsche Design Tower in Sunny Isles Beach.

Lloyd Howell and his wife Patricia bought the 4,154-square-foot unit 3303 at 18555 Collins Avenue for $1,636 per square foot. The Howells purchased the three-bedroom, four-and-a-half-bathroom condo from the developer, 18555 Developers LLC, which is led by Dezer Development’s Gil Dezer.

Howell has been the CFO at the information management and consulting firm since 2016. Prior to that, Howell led the company’s civil and commercial business, according to the company’s website.

Howell joins many high-profile residents at the Porsche Design Tower. Previous condo buyers have included Carlos Peralta Quintero, chairman of Grupo IUSA; Igor Yakovlev, a Russian home appliance mogul; and Terry Taylor, one of America’s biggest car dealers.  The developer bragged in marketing materials that 22 billionaires purchased condos in the 132-unit building.

In August, Gil Dezer told The Real Deal that 118 of the building’s units have closed. The condo tower was completed in 2016 and is known for its “Dezervator” which allowed owners to park their vehicles right next to their residences in “sky garages.”

Federal officials are currently seeking to seize unit 2205 in the Porsche Design Tower. Prosecutors allege the condo was tied to a $1.2 billion money laundering scheme in which top Venezuelan officials siphoned money out of the state oil company, PDVSA, and into assets throughout the world, including South Florida real estate. Dezer, citing the Fair Housing Act and other laws, said he was required to sell to a buyer who can sign a contract and send a deposit.