Clarence Haywort Blog: With Faena Versailles Classic, Argentine Developer Proves His…

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With Faena Versailles Classic, Argentine Developer Proves His Midas

Touch

In real estate, certain developers seem to have Midas’s touch. Alan

Faena is one such afflicted man. At the age of 52, he has already left an

indelible mark on the fashion, art, and hospitality industries. He and his

business partner, American billionaire Len Blavatnik, spun the derelict docks

of Puerto Madero in Buenos Aires into the hottest and most valuable

neighborhood in Argentina. Now they are working their alchemy here in a

forgotten “drive-by” corridor on Collins Ave between North Beach and South

Beach. The Faena district, which is slated for completion in 2017, has been a

collaboration between the business acumen of Faena and Blavatnik and some of

the most innovative designers, architects and artists working today. The Faena

Forum, a new arts space was designed by none other than Rem Koohaas/OMA and the

Faena House, the district’s most prestigious residential tower, was desgined by

Foster + Partners. Even visionary director and producer Baz Luhrman got into

the mix, designing the exclusive theater in and the general décor of the Faena

Hotel Miami Beach.

The district’s past and its bright future are best represented by

the twin residential towers, the Versailles Classic and the Versailles

Contemporary. While the Versailles Classic has been tastefully updated from Roy

F. France’s original vision by Bill Sofield, the Versailles Contemporary looks

boldy to the future with a new design from internationally renowned architect

Brandon Haw. The 41 residences will all feature expansive balconies to take in

the ocean and bay views. It will also host a state of the art fitness center

and spa and share a private pool and beach club with the Versailles Classic.

Expert investors have already recognized the opportunity and

pounced. None other than Citadel CEO Kenneth Griffin broke Miami’s record for

residential real estate when he bought a penthouse and another unit in 2014 for

$60 million. They’ve since gone back on the market for a price of $73 million.

As Faena himself said to Forbes Magazine, “I don’t like to make small things. I

like to make things that change a city. Buenos Aires is not the same after the

Faena, and I believe it will be that way with Miami.”

Josh Stein is a Top Producing

Realtor and specializes in all areas of Miami Real Estate including Luxury

Condos, Lofts, Art Deco, Pre-Construction and Penthouses.

Visit http://www.joshsteinrealtor.com/condo/faena-versailles-classic or call 305 695 8257 for more info about Faena

Versailles Classic and other Miami Real Estate projects.

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from Brett Broadnax https://brettbroadnax.wordpress.com/2016/09/08/with-faena-versailles-classic-argentine-developer-proves-his/