A trust bought a condo in the north tower of Estates at Acqualina for $16.9 million, marking the latest in a string of significant closings at the Sunny Isles Beach project this month.
Records show the A1A Trust, managed by attorney Stuart Morris, bought unit N-TS-37 in the tower at 17975 Collins Avenue from an affiliate of Jules and Eddie Trump’s development firm, Trump Group. The Trumps have no relation to Donald Trump.
Property records have yet to update with specifics of the unit’s floor plan. The north tower in Estates at Acqualina spans 52 stories with 94 units. The project’s south tower has 49 stories and 154 units, and the complex includes the restaurant Avra Miami Estiatorio, lobbies designed by the late Karl Lagerfeld, and a 45,000-square-foot amenities space with a bowling alley, ice skating rink and movie theater.
The Trumps kicked off construction for the $1.8 billion two-tower project in 2018, but years of delays followed. The construction backup led to litigation between Trump and general contractor Suffolk Construction, which culminated in the developer firing Suffolk from Estates at Acqualina last year.
Closings at the project started in 2022, revealing high-profile buyers like LeBron James, European Wax Center co-founder Joshua Coba, and the Kimber gunmaker Leslie Edelman.
Earlier this month, a trust linked to billionaire meat magnate and Formula 1 investor Michael Latifi bought a penthouse in the south tower for $26 million. Moises and Andre El-Mann Arazi, the heads of Mexico’s largest real estate investment trust, also closed on a condo in the south tower for $20 million this month.