Thomson Reuters CEO snags Jade Signature condo in Sunny Isles Beach

Jim Smith and his wife bought the unit for $1,788 psf

Jim Smith CEO of Thomson Reuters and Jade Signature (Credit: Curbed)
Jim Smith CEO of Thomson Reuters and Jade Signature (Credit: Curbed)

The CEO of Thomson Reuters bought a condo at Jade Signature in Sunny Isles Beach for $7.8 million.

Jim Smith and his wife, Pam Kushmerick, bought the 4,361-square-foot unit at ‎16901 Collins Avenue for about $1,788 per square foot, records show. The condo, unit 5001, has five bedrooms and six-and-a-half bathrooms.

Smith has been the CEO and president of the Toronto-based news and data service company Thomson Reuters since 2012. The company owns Reuters, which is one of the largest news outlets in the world. His permanent residence is in Toronto, where he lives with his family, according to published reports.

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Jade Signature was designed by Herzog & de Meuron and developed by Fortune International. Sales launched in 2013 and the 57-story, 192-unit tower was completed in 2018.

Amenities include a beachfront deck with two pools and cabanas, a fitness center, a library, wine and reading lounges, and a full-service spa.

Buyers include the CEO of UnitedHealth Group in Brazil, Brazilian soccer star Douglas Costa and John Finnegan, the former CEO of Chubb Corp.