Billionaire Jorge Perez Takes $10M for Miami Penthouse

Billionaire Jorge Perez Takes $10M for Miami Penthouse

Published: June 17, 2021 | By: American Luxury Staff

Real estate developer Jorge Perez sold his penthouse in Miami recently. The property netted $10 million, according to The New York Post; the transaction was conducted off-market.

Perez purchased the unit in February of this year. The residence, which caps the Park Grove building, changed hands at that time for $7.4 million. Perez is the founder of the Related Group, which developed the project in collaboration with the Terra Group.

Park Grove is a 23-story building with architecture that echoes the ocean it overlooks in the Coconut Grove neighborhood. It contains 66 units designed by Meyer Davis and William Sofield. The lobby boasts a double-height ceiling, interior landscaping, plentiful wood, and a stone floor that reprises the gentle undulation of the building’s exterior form. The grounds feature a sculpture park, a pool area, and landscaping that suggests a naturalistic environment.

The penthouse formerly owned by Perez contains five bedrooms and six and a half baths. It features a rooftop terrace with a pool and spa, as well as a decked-out kitchen and abundant balcony space.

Perez founded the Related Group in 1979. His net worth is $1.7 billion, according to Forbes.

Photo credit: Park Grove

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