Canadian construction mogul buys another condo at Eighty Seven Park

Buyer paid $6M for his first unit at the waterfront Miami Beach tower in 2019

Pierre Pomerleau and Eighty Seven Park (8701 Collins Avenue, Miami Beach)
Pierre Pomerleau and Eighty Seven Park (8701 Collins Avenue, Miami Beach)

The CEO of one of the biggest construction companies in Canada bought another oceanfront condo at Eighty Seven Park for $8 million.

Pierre Pomerleau, president and CEO of Pomerleau, bought the unit at 8701 Collins Avenue in Miami Beach from 2020 87 Park LLC, a Florida LLC managed by Coral Gables attorney Joseph M. Hernandez, records show. Pomerleau paid nearly $2,500 per square foot for the condo.

In 2019, Pomerleau bought a three-bedroom unit in the same tower for $6 million.

Founded in 1964, Pomerleau also owns Beaubois, which specializes in architectural woodwork, and co-owns Borea Construction.

The seller of Pomerleau’s latest unit bought it in August for $7.5 million. The unit was listed in September, asking $8.5 million.

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Mick Duchon of Douglas Elliman represented the Florida LLC, while Michael Martirena of Compass represented Pomerleau.

The condo features three bedrooms and three-and-a-half bathrooms, spanning 3,202 square feet, according to property records. The listing shows it also has a 2,867-square-foot wraparound terrace that has views of the ocean as well as downtown Miami.

Developed by Terra and completed in 2019, Eighty Seven Park is the first project in the United States by architect Renzo Piano. The 66-unit, 18-story condo tower has an underground parking garage, a gym and spa, wine bar, and two pools.

Pomerleau will be living among the likes of tennis star Novak Djokovic, who bought a unit for $5.8 million in 2019, and former politician Michael Huffington, who spent $7.5 million on a unit in September.

In October, a penthouse in the tower sold for $37 million, marking a record for the development.