Ex-wife of Russian oligarch sells Oceana Bal Harbour condo

Tatiana Panchenkova was embroiled in nasty divorce with real estate tycoon Shalva Chigirinsky

Miami /
Mar.March 19, 2019 11:30 AM

Tatiana Panchenkova and Oceana Bal Harbour

UPDATED, March 19, 1:50 p.m.: A company controlled by Tatiana Panchenkova, the ex-wife of Russian oligarch and real estate tycoon Shalva Chigirinsky, sold a condo at Oceana Bal Harbour for $5.4 million. The sale represents a loss from her purchase three years ago.

Panchenkova sold the 3,450-square-foot unit 1902S at 10201 Collins Ave for $1,565 per square foot, records show. The buyer is tied to Gary Kreinik, of the New York law firm Kreinik Associates.

The condo has three bedrooms and four-and-a-half bathrooms. Panchenkova is paid $6.6 million for the unit in January 2016, records show.

Panchenkova appeared in New York tabloids for her nasty divorce from Chigirinsky, who once had a reported net worth of $1.6 billion. The couple, who lived in Connecticut, split in 2009 amid allegations by Panchenkova that Chigirinsky abused her.

Kreinik is likely not the true buyer of the property. Research from The Real Deal shows his law firm handled title insurance for two of the top 1,000 most expensive deed transactions https://therealdeal.com/new-research/topics/company/kreinik-associates/ in New York City between December 2014 and June 2017.

Cyril Matz of Douglas Elliman represented Panchenkova in the deal. The buyer was represented by Nicole Davis of AF Realty.

Oceana Bal Harbour, which had an estimated $1.3 billion sellout, was completed in late 2016. The oceanfront condo project was designed by Arquitectonica, and features large sculptures by Jeff Koons, which Argentine developer Eduardo Costantini purchased for $14 million.

Italian architect Piero Lissoni designed the interiors.

The 5.5-acre site was formerly known as the Bal Harbour Beach Club before Costantini’s Consultatio USA purchased it in 2012 for $220 million. A year later, the developer secured a $332 million construction loan for the project from a group of lenders led by HSBC.

A penthouse at Oceana Bal Harbour was recently listed for sale for $18.95 million.


Related Articles

arrow_forward_ios
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)

South Florida’s pandemic-fueled residential market poised for bull run in 2021

South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)

Kate Ford’s Palm Beach estate sells for $55M

Kate Ford’s Palm Beach estate sells for $55M
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Simon and David Reuben with St. Regis Bal Harbour (Getty, Google Maps)

Reuben Brothers takes over $132M loan backing St. Regis Bal Harbour

Reuben Brothers takes over $132M loan backing St. Regis Bal Harbour
Diego Lowenstein, Dayssi Olarte de Kanavos, Paul Kanavos, and Ronny Ben Josef, with The The Sagamore (Credit: The Sagamore Hotel)

Owners of Ritz-Carlton South Beach and Bal Harbour hotels merge with Sagamore

Owners of Ritz-Carlton South Beach and Bal Harbour hotels merge with Sagamore
Dina Goldentayer, Ryan Cohen and the Bal Bay Drive home (Credit: Kris Tamburello/Douglas Elliman)

Lawsuit alleges Harding Realty cut out of $24M Bal Harbour sale, reveals Chewy founder as alleged buyer

Lawsuit alleges Harding Realty cut out of $24M Bal Harbour sale, reveals Chewy founder as alleged buyer
A renderings of the Shops at Sunset Place project and a rendering of the Surfside Town Center project

Voters decide South Miami, Surfside and Bal Harbour real estate referendums

Voters decide South Miami, Surfside and Bal Harbour real estate referendums
Laurent Ouazana and 224 Bal Bay Drive (Linkedin, Douglas Elliman)

French insurance firm CEO sells Bal Harbour mansion for $24M

French insurance firm CEO sells Bal Harbour mansion for $24M
arrow_forward_ios

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

Loading...