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In 2000, the mansion was purchased by Peter Loftin for $19 million. He renovated the property for use as a boutique hotel, restaurant, and luxury event space. The restaurant was Il Sole at The Villa Casa Casuarina. The mansion was bought by VM South Beach LLC (owned by the Nakash family) [1] for $41.5 million in 2013. [10]
Miami’s ultra-luxury real estate market is seeing a surge in $10 million-plus home sales, with areas like Star Island and Coral Gables becoming havens for billionaires and celebrities.
The Fontainebleau Miami Beach, also known as the Fontainebleau Hotel, is a hotel in Miami Beach, Florida. Designed by Morris Lapidus , the luxury hotel opened in 1954. In 2007, the Fontainebleau Hotel was ranked ninety-third in the American Institute of Architects list of " America's Favorite Architecture ". [ 2 ]
Later that year, the group assigned its rights to Miami developer Manny Medina. [12] Medina closed the hotel in preparation for major renovations, but neighborhood activists opposed a plan to reconstruct the parking garage. [15] In 1991, a decline in the economy led Citibank to foreclose on Medina's mansion, and the project was put on hold. [16]
Reuters; AOL On By Kevin Gray One of America's landmark homes, the Miami Beach mansion that once belonged to Italian fashion designer Gianni Versace, was sold at an auction on Tuesday for $41.5 ...
Soon after famed architect Walter De Garmo built the first mansion, the global elite began to sit up and take notice. (The 1924 Mediterranean Revival beauty was sold in 2021 for a cool $39 million.)
The Saxony Hotel, completed in 1948, was one of the first luxury resorts on Miami Beach. Following the success of the Saxony, other hotels emerged on the opulent beach front. The hotel was designed by architect Roy F. France and built and owned by George D. Sax. George Sax was perhaps best known as the president and chairman of Chicago's ...
$80 million mansions, oceanfront views, and secret tunnels to the beach: Inside one of America’s most expensive zip codes. Alicia Adamczyk. June 1, 2024 at 9:30 AM ... "People are saying, I’ve ...