Financial adviser Chuck Roberts is purchasing a penthouse at 57 Ocean, an oceanfront condo building under construction in Miami Beach.
Roberts, managing director of investments at Stifel in New York, is paying $10.9 million for penthouse two at 5775 Collins Avenue. Stifel, The CR Wealth Management Group, is a wealth management and investment banking firm with more than 400 offices in the U.S. and about $250 billion in client assets under management, according to its website.
Roberts plans to relocate to South Florida full-time over the next few years, said a spokesperson for the developer, Multiplan Real Estate Management. Wealthy residents from high-tax states such as New York have been buying properties in South Florida with a plan to relocate their families and businesses, due to changes in the federal tax code.
Multiplan Real Asset Management expects to complete the 18-story, 71-unit condo building in 2021.
Roberts’ Miami Beach penthouse will have 5,205 interior square feet and 2,141 square feet of terraces. The unit will feature a master bedroom with an outdoor spa, three bedroom suites, a den, home theater, outdoor kitchen and a chef’s kitchen.
Dina Goldentayer Panchernikov and Ilya Panchernikov of Douglas Elliman represented the buyer.
Multiplan is owned by Brazilian billionaire José Isaac Peres and is led locally by managing partner Marcelo Kingston. The developer added 10 units to 57 Ocean earlier this year. Units start at $1.5 million, and sky residences range from $6.95 million to more than $35 million. Amenities will include a spa and wellness pavilion, fitness center, pool and cabanas, and a children’s activity room.
Multiplan launched sales of 57 Ocean with Fortune Development Sales over a year ago. The beachfront property was previously home to the Marlborough House condo building.