As the curtains draw on President Trump's tenure in the White House, a new chapter unfolds as he retreats to his opulent Mar-a-Lago estate in Palm Beach. And now, it seems that the allure of Florida has captured the attention of his daughter and son-in-law.
Ivanka Trump, the First Daughter, and her husband, the influential senior presidential adviser Jared Kushner, have made their mark in the Sunshine State by securing a lease agreement for a magnificent condominium in the renowned Arte building. Designed by the visionary Italian architect Antonio Citterio, this architectural marvel stands proudly in Miami's Surfside neighborhood, gracing the oceanfront with its striking pyramid-shaped structure. Among Miami's elite developments, it reigns supreme in luxury, also boasting one of the area's most extravagant price tags. Just recently, its penthouse was acquired by a New York private-equity executive for a staggering $33 million, as reported by The Wall Street Journal.
It's worth noting that one of the developers behind this illustrious project shares a connection with the President himself. Alex Sapir, at the helm of the Sapir Organization—a real estate company established by his late father, Tamir Sapir, a Soviet émigré who once presided over a substantial New York property portfolio—previously joined forces with the Trump Organization to create the renowned Trump SoHo condo-hotel, a venture that materialized prior to the financial crisis of 2008.
According to a reliable source familiar with the situation, Ms. Trump and Mr. Kushner have finalized a lease agreement for a spacious, unfurnished unit within Arte, with a minimum term of one year. Comparable properties in such coveted areas typically command monthly rents in the tens of thousands, according to Zillow's market insights. This arrangement is believed to serve as an interim solution while the power couple embarks on their next endeavor: constructing their dream home on a recently acquired plot of land situated on Miami's prestigious Indian Creek Island, for which they secured the acquisition for an astounding $32 million.
At the time of this writing, attempts to reach the couple for comment have proven unsuccessful.
The residences within the Arte building epitomize the epitome of indulgence, featuring direct elevator access fortified by fingerprint recognition technology, expansive wraparound terraces adorned with exquisite Roman travertine ceilings, European white oak flooring that exudes elegance, and climate-controlled parking spaces that cater to the most discerning tastes.
Delving deeper into its opulence, this architectural marvel boasts a plethora of amenities that cater to its privileged inhabitants' every whim, including a 75-foot heated indoor lap pool for invigorating aquatic experiences, a private rooftop tennis court for friendly matches amidst breathtaking views, a state-of-the-art fitness center to elevate physical well-being, a dedicated children's playroom for young ones to revel in, and a sophisticated residents' lounge for socializing in style. While the building boasts round-the-clock security, the couple intends to supplement it with additional private security measures, according to our trusted source. Sales at the Arte building are spearheaded by the esteemed Douglas Elliman agency, renowned for their expertise in the luxury real estate market.
During the Trump administration, Ms. Trump and Mr. Kushner resided in an upscale abode located in Washington, D.C.'s prestigious Kalorama neighborhood, graciously rented from the esteemed Chilean business magnate Andrónico Luksic, as revealed by The Wall Street Journal.
So, as the Trump family transitions to their Floridian abodes, they continue to make waves in the world of high-end real estate, leaving an indelible mark on each place they call home.
0 Comments