Ivanka Trump and Jared Kushner Lease Miami Condo Following $32 Million Deal on Indian Creek
As his term in office comes to a close, President Trump is decamping to Mar-a-Lago, his sprawling Palm Beach estate. Now, his daughter and son-in-law appear to also be Florida-bound.
First Daughter Ivanka Trump and her husband, senior presidential adviser Jared Kushner, have signed a deal to lease a condominium in Arte, according to a person familiar with the situation. Designed by Italian architect Antonio Citterio, the striking, pyramid-shaped building is considered one of the most luxurious new oceanfront developments in Miami’s Surfside neighborhood. It is also one of the area’s priciest: Its penthouse recently sold to a New York private-equity executive for $33 million, The Wall Street Journal reported.
One of the building’s developers has links to the president. Alex Sapir is the head of the Sapir Organization, a company started by his late father Tamir Sapir, a Soviet émigré who oversaw a large New York real-estate portfolio. The Sapir Organization teamed up with the Trump Organization to build the Trump SoHo condo-hotel in New York before the 2008 financial crisis.
Ms. Trump and Mr. Kushner signed a deal to lease a large, unfurnished unit in the building for at least a year, according to the person familiar with the deal. Properties of that scale in comparable areas typically rent in the tens of thousands of dollars a month, according to Zillow. The deal is thought to be an interim measure while the couple builds a house on a lot they recently purchased on Miami’s Indian Creek Island for $32 million.
The couple couldn’t be immediately reached for comment.
Apartments in the 16-unit building have direct elevator entry with fingerprint recognition technology, deep wraparound terraces with Roman travertine ceilings, European white oak flooring and temperature-controlled parking spots.
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The building is full of amenities, including a 75-foot heated indoor lap pool, a private rooftop tennis court, a fitness center, a children’s playroom and a residents’ lounge. While there is 24-hour security at the building, the couple will be bringing additional security, according to the person familiar with the deal. Douglas Elliman heads sales at the building.
For the duration of the Trump administration, Ms. Trump and Mr. Kushner rented a high-end home in the Kalorama area of Washington, D.C. from Chilean business magnate Andrónico Luksic, The Wall Street Journal reported.
The estate that served as a sanctuary for composer/lyricist/record producer Jim Steinman for three decades is being sold intact with all his possessions and collections, including the Yamaha grand piano on which he wrote Bonnie Tyler’s hit single “Total Eclipse of the Heart,” Celine Dion’s “It’s All Coming Back to Me Now” and Meat Loaf’s “I’d Do Anything for Love (But I Won’t Do That).”
Steinman, who produced, among other albums, Meat Loaf’s “Bat Out of Hell” and “Bat Out of Hell II: Back into Hell,” bought the property in 1993 for $424,500, according to property records, and spent over $6 million in construction costs alone converting its small 1920 colonial-style cottage into a grand estate that served as his primary residence.
Ms. Ancona noted his representatives decided selling everything together would be the most appropriate way to honor Steinman’s life and work.
The price—the multiple 555s are symbolic of new beginnings, and the 69 is the year Steinman graduated from Amherst College, which subsequently awarded him an honorary doctorate—pays homage to his creativity.
David Sonenberg, Steinman’s manager and executor of the estate, said that the proceeds from the sale will be used to fund a new charity, Rockman Philharmonic, which will encourage people in music and the theater.
“It’s called Rockman because that’s what Steinman means in German,” he said. “We hope the buyer of the property collaborates with us—it would be an ideal place for an artist residency.”
In addition to the music room, which includes Steinman’s piano, there is a great room that served as a studio, complete with minstrel gallery above, a long hallway with celestial star-like lights in the ceiling, den, a sunroom, a family room and a kitchen with a skylight and vaulted ceiling. Steinman’s curated collections, which include his platinum and gold records, his designer wardrobe, personal belongings, art and furniture, are included in the sale.