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Three-story penthouse at GLASS Miami Beach trades for $20M

Three-story penthouse at GLASS Miami Beach trades for $20M
Each unit at building has 360-degree views
October 27, 2015 06:00PMBy Sean Stewart-Muniz

A rendering of the GLASS residential tower at 120 Ocean Drive in Miami Beach

A penthouse at GLASS, a newly built condo tower in Miami Beach that has only 10 units, was just sold for $20 million.
Each unit at the 18-story tower takes up at least one full floor and the unit that sold has three stories. True to the building’s namesake, the units all have floor-to-ceiling glass windows that boast 360-degree views of the ocean and Miami Beach.
Details about the penthouse’s appointments are scarce, but renderings hint at a sleek, ultra-modern style and spacious floorplans.
Miami-Dade property records show the buyer is a Delaware company named Mia Fl 2013 Holdings. Delaware has notoriously opaque public records laws, so the buyer’s true identity is unknown: however, it’s managed by the New York-based Fiocchi Group, which represents buyers of residential properties.
GLASS, which opened this year, was developed by Terra Group. Construction on the tower’s site at 120 Ocean Drive began in December 2013.

Source: The Real Deal

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