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

TRD MIAMI /
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.


Related Articles

arrow_forward_ios
Eighty Seven Park (iStock)

Eighty Seven Park’s priciest penthouse sells for $37M

Eighty Seven Park’s priciest penthouse sells for $37M
Aria Mehrabi and renderings of the projects

Target-anchored mixed-use project planned for North Beach advances

Target-anchored mixed-use project planned for North Beach advances
Jared Galbut, Bodega Taqueria

Menin plans major expansion of Bodega Taqueria

Menin plans major expansion of Bodega Taqueria
Michael Huffington & Eighty Seven Park

Michael Huffington drops $8M on condo at Eighty Seven Park

Michael Huffington drops $8M on condo at Eighty Seven Park
Yamal Yidios and 7780-7810 Tatum Waterway (Ytech)

Court ruling overturns Tatum Waterway’s historic designation

Court ruling overturns Tatum Waterway’s historic designation
Diego Colmenero, Charlie Porchetto and a rendering of the hotel

Urbanica scores approval for new hotel in North Beach

Urbanica scores approval for new hotel in North Beach
Renderings of the projects with Aria Mehrabi

Robert Finvarb, Aria Mehrabi seek approval of mixed-use projects in North Beach

Robert Finvarb, Aria Mehrabi seek approval of mixed-use projects in North Beach
2101 Normandy Drive, Samuel Heskial and Marilina Apfelbaum (Credit: Google Maps)

Marc Shulman sells Normandy Isles building to French family office

Marc Shulman sells Normandy Isles building to French family office
arrow_forward_ios

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

Loading...