Steven Pasko, the co-founding father of Miami-primarily based 777 Partners, and his spouse, Michelle Pasko paid $eight million for penthouse 54 at 1451 Brickell Avenue, in keeping with Douglas Elliman. Pasko bought the five,050-square-foot rental from the builders, Property Markets Group and JDS Development Group.
The 57-tale, 180-unit luxury condo tower became completed in overdue 2017.
Pasko become represented by means of Anca Mirescu of Douglas Elliman, even as Sergio Pintos and Liliana Pardo of ISG represented the developers.
The condominium changed into at the start indexed for $11.Five million, because of this it sold for 30 percent below its ask.
Pasko co-founded 777 Partners in 2015. The company invests in area of expertise finance groups, asset originators, and economic generation and provider vendors. The organization has a stake in Flair Airlines, an Edmonton-primarily based Canadian finances airline.
Pasko is also the CEO of SuttonPark Capital, a servicer of dependent settlements, existence-contingent established settlements, lottery winnings, and existence and investment annuities within the U.S.
The developers launched income of Echo Brickell in 2013.
The skyscraper, designed by way of Carlos Ott and Yoo Studio Design, capabilities a 2,800-square-foot gymnasium, pool, meals and beverage offerings, hot tubs and sunbathing deck, and a gym and spa.
PMG spent $25 million for the development website online in 2013 and financed construction with almost $124 million in financing from Canyon Capital Realty Advisors.