They didn’t love it. Kim and Kanye back out of Faena House purchase
The rapper blamed decision to pull out of contract for the reported $16M unit on “leaks”
Maybe she didn’t love it?
Kanye West has backed out of buying a luxury condo at Faena House in Miami Beach, according to Page Six. West will reportedly lose his deposit on the unit, a four-bedroom, 4,700-square-foot condo owned by Alex Blavatnik, brother of energy billionaire and Faena District investor Len Blavatnik.
Unit 5A is on the market for $15.5 million. Oren Alexander and Isaac Lustgarten of Douglas Elliman have the listing.
West, who saw the property during Art Basel, was buying the condo for Kardashian as a Christmas present. Page Six reported that the rapper is blaming news of the deal leaking as the reason for pulling out of the purchase, among other reasons. His representative said the couple is looking for a vacation home that offers more privacy than the 18-story, Norman Foster-designer tower at 3315 Collins Avenue.
“None of those reasons mentioned [for pulling out of the purchase] are true. When Kim and Kanye went to Miami to view the condo together after Christmas, Kim loved it, but felt it was not private enough for them,” his rep told Page Six.
Developer Alan Faena completed the condo building in 2015. Buyers include billionaire hedge fund manager Ken Griffin, who put his two penthouse units on the market for a combined $73 million. [Page Six] – Katherine Kallergis