Music exec, Goldman Sachs director snag condos at Eighty Seven Park

More than 90% of the tower’s 66 units have been presold

Miami /
Mar.March 18, 2020 01:30 PM
Daniel Glass and Eighty Seven Park (Credit: Charley Gallay/Getty Images for Citi)

Daniel Glass and Eighty Seven Park (Credit: Charley Gallay/Getty Images for Citi)

A music industry executive and a managing director of Goldman Sachs bought units at the newly completed Eighty Seven Park condo tower in Miami Beach for a combined $18.3 million.

Daniel and Deborah Glass bought unit 1405 at Eighty Seven Park at 8701 Collins Avenue for $6.6 million, records show. Daniel Glass founded the record label Glassnote Entertainment Group and has worked with famous musicians such as Huey Lewis and the News, and Billy Idol, according to the Hollywood Reporter.

This week, Goldman Sachs managing director Douglas Sacks and Patricia Sacks also bought a unit at Eighty Seven Park. The couple paid $11.7 million for unit 1602, records show.

The 18-story, luxury tower is architect Renzo Piano’s first residential building in the Western Hemisphere. It was developed by Terra, Bizzi & Partners, New Valley and Pacific Eagle. More than 90 percent of the development’s 66 units have been presold, according to a release.

Terra and its partners recently paid off their $155 million construction loan for the luxury condominium tower.

Douglas Elliman is handling sales and marketing of Eighty Seven Park.

The building was developed on the site of the former Howard Johnson Dezerland Hotel, originally known as the Biltmore Terrace.

Buyers at Eighty Seven Park include tennis pro Novak Djokovic, who paid $5.77 million for his unit; Jonathan Newhouse, chairman of the Condé Nast board and former CEO of Condé Nast International; as well as Pierre Pomerleau, president and CEO of Pomerleau, one of Canada’s largest construction companies.


Related Articles

arrow_forward_ios
Terra Group's David Martin and the CentroCity project at 3825 Northwest 7th Street (Terra Group, Getty)
Terra’s CentroCity Little Havana project nets $230M in financing
Terra’s CentroCity Little Havana project nets $230M in financing
(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
Frank Pellegrino Jr. with Loews Miami Beach and Loews Hotel owner Jonathan Tisch (Rao's, Google Maps, Getty)
Iconic NYC eatery Rao’s to open at Loews Miami Beach
Iconic NYC eatery Rao’s to open at Loews Miami Beach
17141 Collins Ave, Sunny Isle
Muse Residences in Sunny Isles Beach tops weekly condo sales
Muse Residences in Sunny Isles Beach tops weekly condo sales
Bay Harbor Islands, Miami-Dade County, CMC Group, Morabito Properties, Terra, Alta Developers
Here are the resi projects planned for Bay Harbor Islands
Here are the resi projects planned for Bay Harbor Islands
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
Don Peebles, in partnership with former Miami Beach Mayor Philip Levine and developer Scott Robins, wants to build a six-story office and apartment building on a city-owned parking lot (Rendering courtesy of 1664 Meridian Ave General Partner LLC)
Miami vs NYC: A developer’s guide
Miami vs NYC: A developer’s guide
From left: Monroe Capital’s Theodore Koenig, Steve Witkoff, HFZ's Ziel Feldman and Benny Shabtai with the Shore Club (Monroe, Witkoff, HFZ, Getty)
Judge awards $5M to Israeli mogul in HFZ lawsuit over failed Shore Club project in Miami Beach
Judge awards $5M to Israeli mogul in HFZ lawsuit over failed Shore Club project in Miami Beach
arrow_forward_ios

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

Loading...