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

Three-bedroom unit sold for $2,300 psf
By Katherine Kallergis | June 03, 2019 04:30PM

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.