Daughter of late Philly Inquirer owner picks up unit at Continuum South Beach

Three-bedroom unit sold for $2,300 psf

TRD MIAMI /
Jun.June 03, 2019 04:30 PM
100 South Pointe Drive (Credit: Realtor)

100 South Pointe Drive (Credit: Realtor)

UPDATED, June 4, 5:32 p.m.: An heir to the fortune of Philadelphia businessman Lewis Katz purchased a condo at the Continuum in South Beach.

Property records show Melissa Silver, previously Melissa Katz Silver, paid $6.8 million for unit 3707 at the Continuum. Silver’s father was Lewis Katz, the previous co-owner of the Philadelphia Inquirer, who had an estimated net worth of $400 million at the time of his death in 2014. Katz was a lawyer and businessman who made his millions in parking lots, billboards, radio and sports.

A trust managed by Harold M. Anderson Jr. and Karita Mitchell sold the three-bedroom, 2,954-square-foot unit at 100 South Pointe Drive in Miami Beach.

Nancy Batchelor of EWM Realty International represented the seller, and Oren Alexander of Douglas Elliman’s Alexander Team represented the buyer.

It sold for about $2,300 per square foot.

The condo features an open kitchen, marble bar, private elevator, smart home amenities and a master suite with a spa bath and master closet, according to the listing.

It last sold in 2013 for $8.25 million, property records show. That means the unit sold at a discount of nearly 18 percent from its previous sale.

Last month, fitness expert Mark Sisson, who agreed to sell his company to the Kraft Heinz Co. for about $200 million, paid $13.25 million, or $3,026 per square foot, for a unit in the same Continuum tower as Silver.

The Continuum is undergoing an exterior renovation designed by ArquitectonicaGEO. The development was built by Ian Bruce Eichner’s Continuum Co. in the early 2000s.

An earlier version of this story identified Isaac Lustgarten as the buyer’s agent, according to the MLS. The information was updated to reflect Oren Alexander as the buyer’s agent. 


Related Articles

arrow_forward_ios
Len Blavatnik, Vlad Doronin and a rendering of the project (Credit: Mike Coppola/FilmMagic via Getty Images)

Aman tower planned for Faena Versailles site in Miami Beach advances

Aman tower planned for Faena Versailles site in Miami Beach advances
Michael Huffington & Eighty Seven Park

Michael Huffington drops $8M on condo at Eighty Seven Park

Michael Huffington drops $8M on condo at Eighty Seven Park
1568 Washington Ave., Miami Beach (Credit: Google Maps)

South Beach dev site with multifamily, retail hits market

South Beach dev site with multifamily, retail hits market
29 Star Island Drive, Paul Cejas and Loren Schlachet (Credit: Tamargo/Getty Images, and Google Maps)

Paul Cejas sells Star Island mansion to private equity investor for $20M

Paul Cejas sells Star Island mansion to private equity investor for $20M
Susan Gale and Variety Miami Beach

Miami Beach hotel facing foreclosure hits market for $37M

Miami Beach hotel facing foreclosure hits market for $37M
Michael Shvo and a rendering of the project

Michael Shvo’s proposed Miami Beach tower gets haircut and approval

Michael Shvo’s proposed Miami Beach tower gets haircut and approval
Russell Galbut, Mondrian South Beach

Mondrian South Beach unit owners sue condo association and companies tied to Russell Galbut, alleging securities fraud

Mondrian South Beach unit owners sue condo association and companies tied to Russell Galbut, alleging securities fraud
From left: Todd Glaser, Rony Seikaly, and Kobi Karp (Credit: Rodrigo Varela/WireImage via Getty Images, and Patrick McMullan via Getty Images)

Kobi Karp sells waterfront Sunset Islands home to Todd Glaser, Rony Seikaly

Kobi Karp sells waterfront Sunset Islands home to Todd Glaser, Rony Seikaly
arrow_forward_ios

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

Loading...