March 3, 2024

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South Beach front Residence Sells for $6M, Customer Ideas Lodge

Paul Lardi and 200-212 Collins Avenue (Linkedin, Alex Zylberglait/Marcus & Millichap)

Paul Lardi and 200-212 Collins Avenue (Linkedin, Alex Zylberglait/Marcus & Millichap)

The head of a picture production corporation bought a assets in Miami Beach’s South-of-Fifth community for $6 million, a major discounted off its listing rate two years in the past.

Cell Arts, a business with directors Paul C. Lardi and Lisa Lardi, marketed the property at 200 to 212 Collins Avenue, in accordance to a push release. The 13,000-square-foot whole lot attributes a small-rise condominium developing with 20 models and a 6,000-sq.-foot workplace developing, both crafted in the 1940s.

The buyer, 200 Collins LLC, expects to open an upper-scale boutique apartment-resort on the home by 2022, in accordance to a spokeswoman. The lodge will consist of 20 to 26 models made available for concerning $220 to $450 a evening.

The buying entity shares a Miami handle with commercial genuine estate brokerage Rise Realty and the Vazquez & Associates law firm, corporate information show.

Chris Dimitriadis, senior taking care of director at privately held investment decision and handling organization LRC Team, is shown as the manager of the obtaining entity. Dimitriadis explained to The True Offer that LRC served as an adviser on the offer and that the proposed apartment resort may possibly be branded less than its Vonder identify. If so, this would mark the to start with U.S. location.

Vonder has resorts in London, Berlin and Warsaw, with a upcoming site in Barcelona, in accordance to its web site. Renters keep a minimum amount of a single thirty day period at the Warsaw spot and three months at the other two in furnished studios, shared spaces and residences of up to three bedrooms.

Roy Benmeir and Or Shai with Flex Money Team at A single Sotheby’s Intercontinental Realty represented the buyer in the deal. Alex Zylberglait with Marcus & Millichap represented the vendor.

Paul Lardi is president of the MAPS Generation Property, which specializes in nonetheless images providers worldwide. He compensated $1.5 million for the residences and offices in 1998. When the assets mentioned in 2018, it is asking selling price was $16 million.

The South-of-Fifth neighborhood is still undergoing transformation. Earlier this calendar year, Multiplan Genuine Estate Administration launched profits of Ocean Park South Seashore in South-of-Fifth.

New York restaurateur Big Meals Team not too long ago signed a lease in the South-of-Fifth neighborhood.