Know about market updates

Former Anheuser-Busch CEO drops $11.5M on Fendi Château unit

Former Anheuser-Busch CEO drops $11.5M on Fendi Château unit
Couple paid nearly $1,930 psf for new Surfside condo
October 17, 2016 03:30PMBy Katherine Kallergis

Rendering of Fendi Chateau Residences

A former Anheuser-Busch CEO paid $11.5 million for a unit at the newly completed Fendi Château Residences in Surfside. 
Records show Luiz Fernando Ziegler de Saint Edmond and Cristiana de Saint Edmond closed on unit 401 at the 12-story, 58-unit building – the first new luxury tower to open in Surfside this cycle.
The Château Group completed the building at 9365 Collins Avenue in September.
De Saint Edmond is the chief sales officer at Anheuser-Busch InBev SA/NV and is a member of the executive board, according to Bloomberg. He’s also been president and CEO at Anheuser-Busch InBev Worldwide Inc.
The de Saint Edmonds’ unit has four bedrooms, 5,963 square feet of interior space and a 1,755-square-foot terrace, according to marketing materials. That means the couple paid nearly $1,930 per square foot.
Units at Fendi Château range in size from three bedrooms with 3,300 square feet to three penthouses with more than 7,000 square feet, each, with a 4,000-square-foot private rooftop pool deck and summer kitchens.
The beachfront development was designed by Arquitectonica and includes pools, a Jacuzzi, 12 private cabanas, a restaurant and bar, a fitness center and a spa, kids’ club, private theater, a private dining room, wine cellar and Shabbat elevators.
Other buyers include New York investor Irving Langer, private equity investor Thompson Dean and Spanish architect Octavio Mestre.

Source: The Real Deal

Leave a Reply

Your email address will not be published. Required fields are marked *