Trending

Aston Martin condo sells for $24M, Miami tower’s priciest closing yet

PH asking $59M hasn’t yet found a buyer

Aston Martin Miami Condo Sells for $24M
G&G Business Development's German Coto and Aston Martin's Marek Reichman with Aston Martin Residences (Getty, Google Maps)

A condo at Miami’s Aston Martin Residences sold for $24 million, the tower’s priciest closing to date.

Records show the developer sold unit 6101c at 300 Biscayne Boulevard Way to Mischa 34 Holdings Trust, with attorney Greg Herskowitz signing on behalf of the buyer. 

The sale marks the tower’s most expensive condo closing since it was completed in April. While public records do not yet specify the floor plan or size of the unit, a similar unit, 5901c, sold for $21 million last month. It spans nearly 9,600 square feet, with four bedrooms, seven bathrooms and two half-bathrooms, according to the listing. 

Sign Up for the undefined Newsletter

The tower’s penthouse asking $59 million has yet to find a buyer, according to its website. It spans 20,000 square feet, with seven bedrooms and 10 and a half bathrooms. 

G&G Business Developments, led by German Coto, and Aston Martin launched the 66-story, 391-unit tower in 2016. The Coto family operates the Coto Supermarkets chain in Argentina, and bought the 1.3-acre site for $125 million in 2014. Buenos Aires-based Bodas Miani Anger designed the tower and Cervera Real Estate led sales and marketing for the project. Amenities include a fitness center, spa, art gallery, movie theater, children’s and teens’ lounges, indoor pool and a superyacht marina. 

Aston Martin Residences is the tallest completely residential high-rise south of New York City, rising 817 feet, but a pipeline of planned supertalls could soon usurp the title.

The project launched early on in South Florida’s branded residence boom. Now, magazines, yachts, chefs and design houses are among those stamping their logos on towers across the region, hoping to woo buyers with familiarity and luxury. 

Recommended For You