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
Eighty Seven Park next to the collapsed Champlain Towers South (Getty)
Condo tower Eighty Seven Park, Collins Avenue still closed amid concerns of possible street collapse
Condo tower Eighty Seven Park, Collins Avenue still closed amid concerns of possible street collapse
Ronny Finvarb with the proposed hotel (GEK Architecture)
Sunset Harbour’s new zoning district bans Ronny Finvarb’s planned hotel, allows taller offices
Sunset Harbour’s new zoning district bans Ronny Finvarb’s planned hotel, allows taller offices
DataDirect Networks President Paul Bloch, Oceanfirst Realty principal Eddy Chabli and renderings of the house Bloch plans to build (DDN, Kobi Karp Architecture)
Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
800 Lincoln Road building and Restaurateur Gregory Galy (Tricap, LinkedIn)
Mila restaurant to add entertainment venue on Lincoln Road
Mila restaurant to add entertainment venue on Lincoln Road
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Grupo Marquise’s Jose Carlos Pontes with the property (Compass, Facebook via Grupo Marquise)
Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M
Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M
Corey Dickerson, Mike Piazza and Derek Jeter with the Miami baseball stadium (Getty)
South Florida by the numbers: Play ball
South Florida by the numbers: Play ball
Gabriele Braha and Avihai Daniell with the properties (Red Group)
Family office buys South Beach short-term rental portfolio for $14M
Family office buys South Beach short-term rental portfolio for $14M
arrow_forward_ios

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

Loading...