UPDATED, Oct. 18, 9:40 a.m.: A member of the real estate family that developed New York City’s Le Parker Meridien hotel just paid $7.17 million for a site to build a new home on Miami Beach’s Sunset Islands.
James Curnin paid $355 per square foot for the 20,000-square-foot waterfront lot at 1757 West 27 Street in Sunset Islands II, property records show. Curnin is the great-grandson of Jack Parker who founded Jack Parker Corp.
Curnin bought the property from a Florida entity called 1757 West 27th Street, which is led by Kandy Kramer, Florida corporate records show. Kramer bought the property in 2014 for $6.78 million.
Douglas Elliman’s Eloy Carmenate and Mick Duchon represented the buyer and seller.
Carmenate said the buyer, who now lives in Los Angeles, is looking to build a new house on the land and potentially bring more of a “Malibu style” home to the property.
Curnin leads Clara Homes, and is also involved in his family’s Jack Parker Corp., which was one of New York City’s most active developers. Jack Parker Corp.’s portfolio includes the Le Parker Meridien, a 40-story luxury hotel on West 56th Street in Manhattan. The New York-based company put its massive multi-family portfolio on the market earlier this year as it looks to divest its real estate holdings, reportedly worth $1.5 billion.
Curnin has built luxury spec homes in Los Angeles, including a $24 million home on Doheny Drive and a another home on Marcheeta Place, according to the publication Modern Luxury.
The Sunset Islands are home to many famous celebrities, including MLB Hall of Famer Mike Piazza, who listed his 9,000-square-foot waterfront home for $18.5 million in December of last year. The creator of South Beach diet, Dr. Arthur Agatston, also listed a property at 1633 North View Drive in the Sunset Islands for $23 million in May 2017.