Buongiorno, Miami: Italian investor closes on unit at One Thousand Museum

Hedge Invest managing director closed on 4-bedroom, 4,635 sf unit

Aug.August 01, 2019 08:45 AM
Carlo Dipasquale and One Thousand Museum

Carlo Dipasquale and One Thousand Museum (Credit: Wikipedia)

The head of an Italian investment firm closed on a unit at the Zaha Hadid-designed One Thousand Museum for $6.3 million, property records show.

2501 OTM Corp., led by Francesco Rovati, managing director of Hedge Invest in Italy, bought unit 2501 at the luxury condo tower at 1000 Biscayne Boulevard in Miami. The four-bedroom, 4,635-square-foot unit sold for about $1,400 per square foot.

Cervera Real Estate agent Carlo Dipasquale represented the buyer, according to a spokesperson. Rovati has also worked for Raggio di Sole SpA, a property management company, and was previously CFO of the Cabassi family office, according to his bio.

One Thousand Museum was developed by Louis Birdman, Gilberto Bomeny, Gregg Covin, Kevin Venger and Todd Michael Glaser. The 62-story, 84-unit luxury tower began recording closings in July.

Records reveal that buyers so far include W. Bruce Lunsford, a Kentucky nursing home magnate and former U.S. Senate candidate; Christopher Dupuy, the founder of Pals Group, which owns the popular Lakay Food; and others.

In June, the developers tapped Lotus Capital Partners to arrange a $331 million condo inventory loan for the building.

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. 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 are priced at more than $24 million. One Thousand Museum has 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 a juice bar.

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