Voya Financial CEO drops $12M on Eighty Seven Park condo

Rodney Martin and his wife Deborah purchased the 14th floor unit at Renzo Piano-designed tower

Mar.March 03, 2020 03:00 PM
Rodney Martin and Eighty Seven Park (Credit: Eighty Seven Park by The Boundary)

Rodney Martin and Eighty Seven Park (Credit: Eighty Seven Park by The Boundary)

The chairman and CEO of Voya Financial may be planning for his future with the $12.44 million purchase of a luxury condo at the Renzo Piano-designed Eighty Seven Park.

Property records show Rodney Martin and Deborah Martin closed on unit 1402 at Eighty Seven Park, a condo tower developed by David Martin’s Terra. The couple purchased the unit under the Martin 1996 Management Trust, and financed the deal with a $7.5 million mortgage from Goldman Sachs.

Rodney leads Voya, a New York-based financial, retirement, investment and insurance company. He’s been CEO of the company since 2011, and was previously chief operating officer of AIG Worldwide Life Insurance and CEO of American Life Insurance, according to his bio.

Terra, Bizzi & Partners, New Valley and Pacific Eagle developed the 66-unit, 18-story oceanfront building at 8701 Collins Avenue in Miami Beach. Buyers at Eighty Seven Park include tennis star Novak Djokovic, who paid $5.77 million for his unit. In January, furniture manufacturing CEO Franco Bianchi paid $6.8 million for a unit.

So far, about 40 units have closed in property records and the building is 90 percent sold. Douglas Elliman handled sales and marketing.

Eighty Seven Park includes an underground parking garage, a gym and spa, wine bar, and two pools.

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