South Florida Sun-Sentinel Palm Beach (Sunday)
Zaha Hadid-designed building with exoskeleton has penthouse available
By Robyn A. Friedman
Buyers looking for an opportunity to purchase a penthouse condominium in a building designed by renowned architect Zaha Hadid should check out a 9,200-square-foot unit in Miami that was listed last month for $33.7 million. The building even has a private helipad for easy access to the airport or a private yacht.
The “contemporary chic” unit, #5401 at 1000 Biscayne Blvd., is located in One Thousand Museum, a luxury 62-story known for its unique design that incorporates an exoskeleton.
The residence, completed in 2019, comprises a full floor and has five bedrooms and a total of seven baths. Interior features include glass walls, 12-foot ceilings, a master wing, four additional suites with spa baths, a movie theater and an open floor plan. There’s also a 1,200-square-foot terrace and 360-degree views.
“Zaha Hadid is an icon,” said Lourdes Alatriste, an executive director of luxury sales for Douglas Elliman Real Estate in Coral Gables, who holds the listing. “An architect of this caliber has builders of the same status. It’s a very chic building.”
Building amenities include a fitness center, spa, pools, a Sky Lounge for gatherings, a private dining room and the first private rooftop helipad on a residential building in Miami. There’s also a bank-quality vault with individual safe deposit boxes.
The owner, an investor who purchased the unit from the developer in August 2019, along with several other units, paid $10.4 million for it. He originally planned to move into the unit but is now selling it because his plans changed, Alatriste said.
According to Douglas Elliman, prices of luxury condominiums in the Miami area have risen for six straight quarters, with the percentage of units selling after a bidding war reaching its highest level in four years of tracking.
The median sales price of a luxury condominium (the top 10 percent of sales) rose 34.4 percent between the fourth quarter of 2020 and the fourth quarter of 2021, while listing inventory declined 58.2 percent during the same period.
Demand was unprecedented due to low mortgage rates, the lack of a state income tax in Florida and the ability of buyers to work remotely.