Nursing home magnate buys condo at One Thousand Museum

Closings at the 84-unit downtown Miami condo tower began in July

Miami /
Jul.July 30, 2019 02:30 PM
W. Bruce Lunsford and One Thousand Museum (Credit: Wikimedia, One Thousand Museum)

W. Bruce Lunsford and One Thousand Museum (Credit: Wikimedia, One Thousand Museum)

A Kentucky nursing home magnate and former U.S. Senate candidate paid $6.3 million for a unit at Zaha Hadid’s One Thousand Museum.

W. Bruce Lunsford bought unit 3601 at 1000 Biscayne Boulevard, marking the fourth recorded closing at the new luxury condo tower in downtown Miami. Last week, Christopher Dupuy, the founder of Pals Group, which owns the popular Lakay Food, closed on a unit for $5.3 million.

Lunsford co-founded Vencor in 1985, which owned a number of nursing homes throughout the country. The company filed for Chapter 11 bankruptcy in 1999 after the federal government reduced Medicare reimbursement rates.

He also won the Democratic nomination for U.S. Senate in 2018 and lost in a close race to incumbent Republican Mitch McConnell.

Developers Louis Birdman, Gilberto Bomeny, Gregg Covin and Kevin Venger, along with the late Hadid, broke ground on the 62-story, 84-unit luxury condo tower at 1000 Biscayne Boulevard in December 2014. Todd Michael Glaser is also a partner in the project.

The building, Hadid’s first and final residential project in the western hemisphere, is known for its exoskeleton, which incorporates 4,800 precast panels made in Dubai and shipped to Miami. The complicated construction was featured on PBS’ “Impossible Builds” series. Plaza Construction was the general contractor.

Hadid, a Pritzker Prize-winning architect, died in Miami Beach in 2016, after suffering a heart attack while being treated for bronchitis.

The tower is at least 60 percent sold, according to multiple reports. Full floor units go up to more than $24 million. Artefacto, B&B Italia, Roche Bobois, Meridiani, Luxury Living Group and Morada Haute Furniture Design are completing the interiors of some units, according to a release.

One Thousand Museum includes a rooftop helipad, a wellness center with a gym and yoga facilities, relaxation pods and spa rooms, a sky lounge, a bank vault, a multimedia theater, an off-site beach club and 8 Juice Bar by Raw Republic.


Related Articles

arrow_forward_ios
Derek Jeter and his Tampa mansion (Getty, Smith & Associates Real Estate/Luxury Portfolio International)
Jeter sells waterfront Tampa estate for record $23M
Jeter sells waterfront Tampa estate for record $23M
 Zaha Hadid with her former Miami Beach home (Getty, Douglas Elliman)
Zaha Hadid’s former South Beach condo hits the market for $8M
Zaha Hadid’s former South Beach condo hits the market for $8M
Palazzo Della Luna at 6800 Fisher Island Drive (Photo via Palazzo Della Luna)
Miami-Dade weekly condo sales, dollar volume up at year-end
Miami-Dade weekly condo sales, dollar volume up at year-end
(Google Maps, Fisher Island)
Miami-Dade condo sales, dollar volume fall during holiday week
Miami-Dade condo sales, dollar volume fall during holiday week
Map and Palazzo Della Luna, Miami Beach (Google Maps)
Condo sales, dollar volume rise last week in Miami-Dade
Condo sales, dollar volume rise last week in Miami-Dade
515 East Dilido Drive with Jonathan Cox (Douglas Elliman, Federated Cos.)
Federated Cos. developer buys waterfront Venetian Islands home
Federated Cos. developer buys waterfront Venetian Islands home
(Google Maps)
$35M closing at Faena House leads Miami’s weekly condo sales
$35M closing at Faena House leads Miami’s weekly condo sales
(Google Maps)
Condo sales rebound in Miami-Dade after Thanksgiving
Condo sales rebound in Miami-Dade after Thanksgiving
arrow_forward_ios

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

Loading...