Marc Anthony and Jennifer Lopez are creating a buzz yet again, buying a condominium at Related Group’s Icon Brickell project. This report from the Daily Business Review, a fellow ALM publication, has all the details.
The singing/acting couple signed a contract on a unit this week, but an actual sale has yet to be recorded in Miami-Dade County records. Anthony, who took a tour of Icon Brickell with Related Group chief Jorge Perez, tells People magazine: “When we are through decorating the condo, it will be one of the sexiest places in town.”
Related Group, secretive bunch that it is, dismissed the sale as rumor even after it was already reported. Way to market a high-end property in the midst of a condo glut.
Celebrities, who always seem to have more money than they know what to do with, appear to be the only ones buying expensive condos in Miami these days. Back in the summer, basketball star Amar’e Stoudamire paid $5.6 million for a penthouse at W South Beach.
Is it enough to help sell more units? Or at least enough for developers like Related to convince their lenders to grant an extension? We will discuss this topic and many others involving commercial real estate next Wednesday during RealShare South Florida at the Hyatt Regency Miami. Click here for more information.
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