Pablo Escobar’s Ex Miami Beach Site sells to Jarrett Posner


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Jarrett Posner, Pablo Escobar with 5860 North Bay Road (The Waterfront Team)

Jarrett Posner and Pablo Escobar with 5860 North Bay Road (Getty, The Waterfront Team)

Miami Beach, which was home to Colombian drug lord Pablo Escobar in the 1980s, now has a new owner.

Founder of chicken cuisine Christian de Berdouare and his wife, former local news presenter Jennifer Valoppi, sold a 30,000-square-foot property on 5,860 North Bay Road to New York-based developer Jarrett Posner, founder and chairman of New York-based BMC Investments, for $ 10.95 million.

Albert Justo

Albert Justo

Mirce Curkoski

Mirce Curkoski

Mirce Curkoski and Albert Justo of One Sotheby’s International Realty represented the seller, while Brett Harris of Douglas Elliman brought the buyer.

The buyer plans to build a new house on the land, in which he will live, Harris said. The owner is represented by Todd Michael Glaser and the house is designed by Domo Architecture + Design.

Harris called it a “special property for a special family” and one of the best plots of land on North Bay Road overlooking downtown Miami.

Posner is the grandson of the late real estate mogul and former corporate robber Victor Posner. Jarrett’s brother is an investor from Miami Beach and co-founder of Grafton Street Capital Sean Posner.

Brett Harris

Brett Harris

De Berdouare and Valoppi demolished the house in 2016 with plans to build a special house on this property. The couple paid $ 9.65 million for the house in May 2014. At one point, they put the property up for sale for $ 21 million, later price reduction.

Escobar, who was shot dead in 1993 in Medellin, paid $ 760,000 for North Bay Road in 1980. The government confiscated it in the 1980s.

A luxury residential market on the waterfront in Miami Beach has burned in the last few months. Near North Bay Road, the billionaire founder of Shutterstock paid a record $ 42 million for a mansion north of Mount Sinai Medical Center.

Earlier this week, CEO of AmeriSave Mortgage Corp. paid. $ 8.2 million on the waterfront in Miami Beach at 6050 North Bay Road, next to its headquarters. And a mogul in the hospitality industry David Grutman closed the Grammy-winning house of Spanish artist Alejandro Sanz on North Bay Road in 2050, where he plans to build a new home.


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