Lloyd Blankfein and private equity tycoon Leon Black are among those said to have purchased a spot in a new $1 billion Miami luxury condominium development, Bloomberg Businessweek's Katya Kazakina reports.
Faena Miami Beach is an 18-story ocean condominium featuring 47 residences ranging from $3 million to $50 million, the report said.
The development won't be complete until December 2014.
It looks like it's a hot spot. On Faena's website there are only seven units that are still listed.
We've included some renderings in the slides that follow.
Faena Miami is an 18-story oceanfront luxury condo building. It was the vision of Argentinean hotelier Alan Faena and designed by architects Foster+Partners.
The floor to ceiling windows allow residents to enjoy panoramic views of the Atlantic Ocean and the bay.
The luxury condominium tower is located on the widest stretch of beach in Miami.
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