Le Parker Meridien hotel scion pays $7M for Sunset Islands site for new home

James Curnin is part of the Jack Parker real estate family

Miami /
Oct.October 17, 2018 06:30 PM

Miami Beach (Credit: Wikimedia Commons)

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.


Related Articles

arrow_forward_ios
A photo illustration of 12203 Tillinghast Circle in Palm Beach Gardens (top) and 6300 North Bay Road in Miami Beach (Getty Images, Old Palm Golf Club, Coldwell Banker)
Flipping crazy: South Florida’s top resi flips of the year so far, ranked
Flipping crazy: South Florida’s top resi flips of the year so far, ranked
Don Peebles, in partnership with former Miami Beach Mayor Philip Levine and developer Scott Robins, wants to build a six-story office and apartment building on a city-owned parking lot (Rendering courtesy of 1664 Meridian Ave General Partner LLC)
Miami vs NYC: A developer’s guide
Miami vs NYC: A developer’s guide
From left: Monroe Capital’s Theodore Koenig, Steve Witkoff, HFZ's Ziel Feldman and Benny Shabtai with the Shore Club (Monroe, Witkoff, HFZ, Getty)
Judge awards $5M to Israeli mogul in HFZ lawsuit over failed Shore Club project in Miami Beach
Judge awards $5M to Israeli mogul in HFZ lawsuit over failed Shore Club project in Miami Beach
Prive at 5000 Island Estates Drive in Aventura (Condo.com, getty)
Privé in Aventura closing tops Miami-Dade’s weekly condo sales
Privé in Aventura closing tops Miami-Dade’s weekly condo sales
Carillon Miami Wellness Resort at 6801 Collins Avenue in Miami Beach (Google Maps, Getty)
Z Capital loses attempt to slap Miami Beach condo owners with $8M assessment
Z Capital loses attempt to slap Miami Beach condo owners with $8M assessment
Juan Jose Zaragoza and Fernando Perez-Hickman with 429 Lenox Avenue (LinkedIn, Google Maps)
Madrid-Miami JV buys WeWork leased office building in South Beach for $37M
Madrid-Miami JV buys WeWork leased office building in South Beach for $37M
Austin Rosen and 6417 Pine Tree Drive Circle (Zillow, Getty)
Hit repeat: Music exec Austin Rosen buys next-door waterfront Miami Beach home for $12.5M
Hit repeat: Music exec Austin Rosen buys next-door waterfront Miami Beach home for $12.5M
Jamestown CEO Matt Bronfman and the 727 Collins Apartments at 727 Collins Avenue in Miami Beach (Getty, Google Maps, Jamestown)
Former low-income South Beach apartments hit market as possible hotel conversion
Former low-income South Beach apartments hit market as possible hotel conversion
arrow_forward_ios

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

Loading...