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
Phil Gutman with Bess Freedman and Mark Zilbert (Linkedin, Freedman by Studio Scrivo)
Phil Gutman leaves Brown Harris Stevens Miami
Phil Gutman leaves Brown Harris Stevens Miami
Peter Thiel with 445 to 441 East Rivo Alto Drive (Getty)
PayPal co-founder Peter Thiel revealed as buyer of Miami Beach mansions
PayPal co-founder Peter Thiel revealed as buyer of Miami Beach mansions
Ophir Sternberg with the Ritz-Carlton Residences, Miami Beach and the land for the villas (Lionheart Capital)
GFI buys land for second phase of Ritz-Carlton Residences Miami Beach
GFI buys land for second phase of Ritz-Carlton Residences Miami Beach
(iStock)
South Florida resi sales jump in Q4: Elliman
South Florida resi sales jump in Q4: Elliman
Richard Bressler and Lisa Gersh with 1425 West 25th Street, Miami Beach (Getty, Google Maps)
Media titans buy Sunset Islands home for $5M
Media titans buy Sunset Islands home for $5M
Ruthie and Ethan Assouline lead Compass’ Assouline Team. (The Assouline Team, iStock)
Compass’ Assouline Team expands to Miami Beach
Compass’ Assouline Team expands to Miami Beach
Images of Arte, Ritz-Carlton Residences Miami Beach, Ritz-Carlton Residences Miami Beach and One Thousand Museum (One Thousand Museum via One Sotheby's)
Buyers shift to condos as waterfront single-family luxury inventory dwindles in South Florida
Buyers shift to condos as waterfront single-family luxury inventory dwindles in South Florida
Chris Bosh and his North Bay Road home, 6396 North Bay Road (Getty, One Sotheby’s International Realty)
Chris Bosh sells waterfront Miami Beach mansion for $15M
Chris Bosh sells waterfront Miami Beach mansion for $15M
arrow_forward_ios

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

Loading...