Brazilian Billionaire Breaks Ground On 57 Ocean Condo Tower, Where Units Cost Up To $31 Million

Construction is now underway on the 57 Ocean condo tower in Miami Beach, after a groundbreaking ceremony held April 4.

A $3 million sales gallery was also inaugurated at the event.

Prices start at $1.5 million, and range up to $31 million for a penthouse. Unit sizes range from 1,200 to over 3,600 square feet, in addition to two penthouses and two beach houses.

The 18-story tower is being designed by Bernardo Fort-Brescia of Arquitectonica, with interiors by Brazilian designer Patricia Anastassiadis of Anastassiadis Arquitetos.

57 Ocean is being developed by Multiplan Real Estate Asset Management, which was founded by Brazilian Billionaire José Isaac Peres. The company also built Il Villaggio on Ocean Drive.

Completion is scheduled for September 2021.

 

(photos: dylan rives)

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Anonymous
2 years ago

$1.5 mil for 1200 sq ft……child please

Anonymous
2 years ago

Chump change for an ocean view in a brand new building on Collins Avenue.

Anonymous
2 years ago

Headline would read better with “Brazillionaire” instead of “Brazilian Billionaire”

Anonymous
2 years ago

what about the guy they killed with that highly illegal and dangerous maneuver of pulling the columns out from under the building ??!!

Anonymous
2 years ago

That’s what insurance is for.

Sgt. Sapingo
2 years ago

This. The way they handled that demolition is a foreshadowing of how the building will turn out. Maybe there will be pretty views and italian kitchens but the structure of the building would be that of a brazilian favela.

Rigo
2 years ago

I hope this project turns out successfully, as new development like this is good for Miami Beach in general. That being said, it is truly shocking to me, especially given how slow things normally happen in Miami Beach (multiple hearings, review boards, zoning, permitting, etc.) that a project which so brazenly took shortcuts and actually killed someone during demolition, is actually progressing faster than any other project I have ever seen in Miami Beach. Seems like a lesson in how to get things done here…

Anonymous
2 years ago

Maybe he’ll haunt the building and scare the richie richs

Anonymous
2 years ago

No stopping foreign investment into South Florida.

Anonymous
2 years ago

This isn’t Panama City.

Anonymous
2 years ago

I love the brazilian rainforest rendering on how to approach the building….. ie: no cars and no walkways….. “its so miami”