Tech entrepreneur pays $8M for Continuum South Beach condo

Founder of tech firm that acquired Constant Contact for $1B buys Miami Beach condo

Miami /
Sep.September 17, 2021 02:30 PM
Tech entrepreneur pays $8M for Continuum South Beach condo

Continuum unit at 100 South Pointe Drive and Hari Ravichandran (Luxhunters for ONE Sotheby’s International Realty, Hari Ravichandran Foundation)

Tech entrepreneur Hari Ravichandran paid $8 million for a condo at the Continuum in South Beach, The Real Deal has learned.

Ravichandran is the founder and former CEO of Burlington, Massachusetts-based Endurance International Group, which acquired Waltham, Massachusetts-based Constant Contact, an online marketing company that focuses on email campaigns, for $1.1 billion in 2016. It later sold Constant Contact.

He closed on unit 3507 at the 40-story south tower at 100 South Pointe Drive in Miami Beach, according to sources.

Property records show the trust of James Arrigoni sold the three-bedroom, three-bathroom unit. It spans 2,954 square feet and sold for $2,708 per square foot. Arrigoni, who died this year, paid $2.7 million for the condo in 2005, records show.

Eddy Martinez and Roland Ortiz of One Sotheby’s International Realty represented the seller. The unit hit the market in August for about $8.5 million. Alex Algarin of Compass represented the buyer. The agents all declined to comment.

Ravichandran is now founder and CEO of Aura, a digital security tech company based in Burlington, Massachusetts, according to his LinkedIn. While at Endurance, he agreed to pay a settlement of close to $1.4 million over allegations he misled investors, according to the Boston Business Journal and releases from the Securities and Exchange Commission.

Luxury condo sales have surged this year in South Florida, in part due to the limited inventory of homes.

Retired Nascar driver Brian Vickers recently paid $6.3 million for a unit one floor above Ravichandran’s at the Continuum. In June, two former Morgan Stanley executives sold their three combined units at the Continuum for $30 million.

Ian Bruce Eichner developed the two-tower Continuum complex in 2003 and 2008. In April he sold his penthouse there for $35 million. 






    Related Articles

    arrow_forward_ios
    Barry Sternlicht’s ex-wife buys condo at Glass in South Beach
    Barry Sternlicht’s ex-wife buys condo at Glass in South Beach
    Barry Sternlicht’s ex-wife buys condo at Glass in South Beach
    Location Ventures launches sales of co-living project in Miami Beach
    Location Ventures launches sales of co-living project in Miami Beach
    Location Ventures launches sales of co-living project in Miami Beach
    From left: Cavalli Tower with Hussain Sajwani of Damac and the Surfside condo collapse site (Damac, Wikimedia, Getty)
    From Dubai to Surfside: Inside Damac’s plans to redevelop the tragic site
    From Dubai to Surfside: Inside Damac’s plans to redevelop the tragic site
    A rendering of Alina Residences Boca Raton and El-Ad National Properties' Noam Ziv 
    El-Ad launches sales of second phase of Alina Residences Boca Raton
    El-Ad launches sales of second phase of Alina Residences Boca Raton
    Philly developer Bart Blatstein buys Continuum townhome for $6M
    Philly developer Bart Blatstein buys Continuum townhome for $6M
    Philly developer Bart Blatstein buys Continuum townhome for $6M
    Artefacto owner buys waterfront Palm Island home for $5M
    Artefacto owner buys waterfront Palm Island home for $5M
    Artefacto owner buys waterfront Palm Island home for $5M
    Chris Bosh and the property (Getty, The Waterfront Team)
    Chris Bosh’s former waterfront Miami Beach mansion hits the market for $42M
    Chris Bosh’s former waterfront Miami Beach mansion hits the market for $42M
    Douglas Elliman agent Oliver Lloyd buys waterfront Miami Beach teardown
    Douglas Elliman agent Oliver Lloyd buys waterfront Miami Beach teardown
    Douglas Elliman agent Oliver Lloyd buys waterfront Miami Beach teardown
    arrow_forward_ios

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

    Loading...