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Medical device heir buys Aston Martin condo for $23M

Deal follows $24M closing at downtown Miami tower in December

Medical Device Heir Buys Aston Martin Condo for $23M
Aston Martin Residences at 300 Biscayne Boulevard Way (Getty)

The son of a medical device company founder bought a condo at downtown Miami’s Aston Martin Residences for $22.5 million.

Records show Dennis Christopher Foley and Guadalupe Foley bought unit 6001C at 300 Biscayne Boulevard Way from an affiliate of the developer. The price makes it one of the priciest closings in the tower completed last year, following a unit that sold in December for $24 million. 

Dennis Christopher Foley is the son of the late Dennis Foley, who founded Mountain City, Tennessee-based medical device maker Phoenix Medical. Dennis Christopher Foley is an owner of the company, according to published reports. His father died in 2022.

Public records have not yet been updated to reflect details of the floorplan of the Foleys’ Aston Martin Residences unit, including square footage and the number of rooms. Last month, unit 6101C sold for $24 million, and in November a 9,600-square-foot, four-bedroom unit sold for $21 million, records show. Amenities in the tower include a fitness center, spa, movie theater, indoor pool, children’s and teens’ lounges, an art gallery and a superyacht marina. 

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G&G Business Developments completed the 66-story, 391-unit tower in April. Led by German Coto of the Coto family that owns the Coto Supermarkets chain in Argentina, G&G launched Aston Martin Residences in 2016, after buying the 1.3-acre site for $125 million in 2014. 

Coto tapped Buenos Aires-based Bodas Miani Anger to design the tower. Cervera Real Estate led sales and marketing for the project. Standing at 817 feet, the tower is the tallest all-residential highrise south of New York City. 

Coto has yet to find a buyer for the nearly 20,000-square-foot Aston Martin Residences penthouse, which is asking $59 million. It spans three floors, with seven bedrooms, 10 bathrooms, one half-bathroom and a private pool, according to Zillow.

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