Consumer conglomerate CEO buys condo at One Thousand Museum

Ravichandra Saligram previously led OfficeMax through its sale to Office Depot

Miami /
Jan.January 21, 2020 04:30 PM
One Thousand Museum and Ravichandra Saligram 

One Thousand Museum and Ravichandra Saligram

UPDATED, Jan. 22, 12:10 p.m.: The president and CEO of Newell Brands – which includes household names like Rubbermaid, PaperMate and Yankee Candle – paid $6 million for a condo at the Zaha Hadid-designed One Thousand Museum in downtown Miami.

That’s the equivalent of about 3.6 million Sharpie markers, which Newell Brands also owns.

Property records show Ravichandra Saligram, who heads the consumer goods company, and his wife, Nalini Saligram, closed on unit 4202 at 1000 Biscayne Boulevard. Nalini heads a nonprofit that focuses on chronic diseases, according to her LinkedIn. Ravichandra became president and CEO of Newell Brands in October. He previously led OfficeMax through its sale to Office Depot. The Wall Street Journal first reported on the Saligrams’ unit purchase.

The Saligrams join a list of buyers at One Thousand Museum, a 62-story, 84-unit tower that was recently completed by developers Louis Birdman, Gilberto Bomeny, Gregg Covin, Kevin Venger and Todd Michael Glaser. Italian investor Francesco Rovati paid $6.3 million for unit 2501; thoracic surgeon Dr. Moses Degraft-Johnson paid $5.65 million for unit 1902; and W. Bruce Lunsford, a Kentucky nursing home magnate and former U.S. Senate candidate, paid $6.3 million for unit 3601.

Harvey Daniels of One Sotheby’s International Realty is the sales director. Half-floor units started at $5.8 million and full-floor residences go up to more than $24 million. The building features 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.


Related Articles

arrow_forward_ios
Bruce Percelay with 261 Nightingale Trail (LinkedIn, Google Maps, Getty Images)
Goldman Sachs rainmaker drops $16M on Palm Beach spec house
Goldman Sachs rainmaker drops $16M on Palm Beach spec house
Todd Michael Glaser and Nelson Gonzalez with 31 La Gorce Circle (Sonya Revell, Nelson Gonzalez)
Glaser, partners buy non-waterfront La Gorce teardown for $8M
Glaser, partners buy non-waterfront La Gorce teardown for $8M
Christian Slater with 3618 Saint Gaudens Road (Getty Images, 1oak Studios)
Christian Slater sells Coconut Grove home after three-way bidding war
Christian Slater sells Coconut Grove home after three-way bidding war
From left: Sandra Fiorenzo and Heinrich Von Hanau with 1003 and 1004 Links Estates Drive
Heinrich Von Hanau sells two Links Estates lots for $13M
Heinrich Von Hanau sells two Links Estates lots for $13M
Miami-Dade Mayor Daniella Levine Cava and an aerial of the Government Center redevelopment (Getty, Google Maps)
Miami-Dade seeks partners for Government Center redevelopment
Miami-Dade seeks partners for Government Center redevelopment
(Photo Illustration by The Real Deal with Getty Images)
Want more South Florida land? Buy out your neighbors
Want more South Florida land? Buy out your neighbors
Miami Mayor Francis Suarez and Commissioner Joe Carollo (Getty)
Controversial Virginia Key homeless camp plan put on hold
Controversial Virginia Key homeless camp plan put on hold
A photo illustration of 12203 Tillinghast Circle in Palm Beach Gardens (top) and 6300 North Bay Road in Miami Beach (Getty Images, Old Palm Golf Club, Coldwell Banker)
Flipping crazy: South Florida’s top resi flips of the year so far, ranked
Flipping crazy: South Florida’s top resi flips of the year so far, ranked
arrow_forward_ios

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

Loading...