Lifestyle

Miami ‘Condo King’ Sells Coconut Grove Villa to N.Y.-Based Cannabis Exec

Hashish government

Jonathan Sandelman

and his spouse Alicia Bona Sandelman paid the total asking worth of $33 million to purchase a Miami mansion from billionaire real-estate developer Jorge Pérez.


Inside Villa Cristina

Previously owned by ‘Condominium King’ Jorge Pérez, the house has offered for $33 million

A mansion in Miami’s Coconut Grove offered for its asking worth of $33 million.

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The Sandelmans, who personal property in New York, purchased the home by way of a belief, in keeping with a consultant for Compass, which represented the patrons within the deal. Mr. Sandelman is founder, CEO and chairman of Ayr Wellness, a hashish dispensary operator that lately moved its headquarters to Miami from New York Metropolis, in keeping with an Ayr spokesman.

Mr. Pérez, broadly known as Miami’s “condominium king,” listed the home on the market in July, reported The Wall Road Journal. He couldn’t instantly be reached for remark.

Situated within the Coconut Grove part of Miami, the property is called Villa Cristina. It’s considered one of about 10 properties in Hughes Cove, a personal gated neighborhood. The Venetian palazzo-style dwelling has greater than 10,000 sq. toes and 482 toes of water frontage with a personal dock overlooking Biscayne Bay, in keeping with the itemizing description.

Jill Hertzberg and Jill Eber of the Jills Zeder Group at Coldwell Banker had the itemizing. Lisa Sayfie of Compass represented the Sandelmans, who didn’t instantly reply to a request for remark.

Ms. Sayfie stated Miami property values have exploded as patrons flock from the Northeast. “Everybody desires to be within the coronary heart of [Coconut] Grove, and it’s uncommon to seek out that a lot property on the water,” stated Ms. Sayfie.

Property data present Mr. Pérez, who’s chairman and CEO of the Associated Group, a serious real-estate growth firm, purchased the positioning for $1.45 million in 1994. The home was accomplished in 1996, in keeping with property data. Ms. Hertzberg beforehand advised the Journal that the six-bedroom home was constructed with the assistance of Italian artisans who have been flown in for the venture.

Forward of the sale, which closed Sept. 8, property data present Mr. Pérez and his spouse, Darlene Pérez, gifted the property to the Miami Basis, which companions with donors to assist native nonprofits. All proceeds will assist native causes, in keeping with the muse.

Write to E.B. Solomont at EB.Solomont@wsj.com

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https://www.wsj.com/articles/miami-condo-king-sells-coconut-grove-villa-to-n-y-based-cannabis-exec-11631311270 | Miami ‘Condominium King’ Sells Coconut Grove Villa to N.Y.-Primarily based Hashish Exec

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