One Thousand Museum

March 1, 2022

One Thousand

Billionaires, soccer stars, and Silicon Valley savants. These are just a few personalities who have bought units at One Thousand Museum – the Miami condo tower designed by the late Zaha Hadid.

The 62-story and 84-unit tower at 1000 Biscayne Boulevard was developed by Louis Birdman, Gilberto Bomeny, Kevin Venger, Gregg Covin, and Todd Michael Glaser and completed in mid-2019.

Hadid’s first and final residential project in the western hemisphere is famous for its exoskeleton, incorporating 4,800 precast panels made in Dubai and shipped to Miami.

The total developer sellout has reached $526 million, with 78 sales in total.

One Thousand Museum features a rooftop helipad, a wellness center with a gym and yoga facilities, relaxation pods and spa rooms, a sky lounge, bank vault, multimedia theater, an off-site beach club, and a juice bar.

In March, London-based Reuben Brothers sued to foreclose on 15 unsold units, alleging that the developers owed the mortgage balance, totaling $82.7 million-plus interest!

About three weeks later, the development team secured a $90 million lifeline in the form of a condo inventory loan from Cirrus Real Estate Partners, staving off foreclosure.

So, who are the big-name buyers and sellers?

David and Victoria Beckham in One Thousand

Retired soccer superstar David Beckham and his fashion designer wife, Victoria Beckham, paid about $19.8 million for unit 5901.

Beckham Brand Limited, David Beckham’s partnership and licensing company, closed on the 10,000-square-foot unit in March 2020.

Beckham is also an owner of Inter Miami CF, a new Major League Soccer team.

Anthony Hsieh

Billionaire Anthony Hsieh, who founded LoanDepot, paid $19.5 million for unit 5201 via his Banda LLC.

LoanDepot is one of the largest non-bank. Additionally, the US Forbes pegs Hsieh’s net worth at $2.6 billion.

Sela Ann Ward sold condo in One Thousand

Emmy Award-winning actress Sela Ann Ward and her husband, a venture capitalist, and one-time US Senate candidate, sold their condo for $6.3 million.

As well as that, Ward starred as Teddy Reed in the NBC drama series “Sisters,” and her husband, Howard Sherman, is the Los Angeles-based Inventure Holdings CEO. They sold unit 2902 to David D’Alessandro, which they purchased for $4 million in December of 2020.

Lucy Guo

Lucy Guo, founder of Scale AI and Backend Capital, bought unit 3002 from the development team for $6.7 million.

In 2016, Lucy founded data labeling company Scale AI and earned her a spot on Forbes 30 Under 30 in 2017. Besides, Scale AI became a Silicon Valley unicorn in three years and reached over $1 billion in value.

James and Loren Ridinger

Market America’s founder and CEO James Ridinger and his wife, Loren, picked up a penthouse for $18.5 million!

Market America is a multi-level marketing company based in North Carolina. Ridinger and his wife founded the company in 1992.

Ravichandra and Nalini Saligram

Ravichandra Saligram – a president and CEO of Newell Brands, and his wife, Nalini, paid $6 million for unit 4202.

Newell Brands includes household names like Rubbermaid, PaperMate, and Yankee Candle.

Moses deGraft-Johnson

Dr. Moses deGraft-Johnson paid almost $5.7 million for unit 1902 in October 2019. It should be noted that in November of last year, deGraft-Johnson was sentenced to seven years in prison after pleading guilty to bilking health insurers for operations he never performed.

As a result of his arrest, he had to surrender several properties, including his condo, which the US government sold for $4.6 million — far below his purchase price.

Bruce Lunsford

In July 2019, W. Bruce Lunsford, a Kentucky nursing home magnate and former US Senate candidate, paid $6.3 million for unit 3601.

Francesco Rovait

Francesco Rovait, the managing director of the Italian investment firm Hedge Invest, bought unit 2501 for $6.3 million. Moreover, they paid off the loan in December.

Let me know if you have any more questions. I would love to help to find the home of your dreams! Also, check out my Instagram page – realtor.katya. I hope you liked this post. Also, if you’re interested to find out more about Miami neighborhoods, check out these posts below.

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