The “Billion Dollar Loser” of WeWork, Adam Newmann, Has Bought Two Bal Harbour Properties for $44 MillionSean McCaughan - 0
Adam Newmann, the long-haired, Kabbalah-following, enigmatic, and egotistical false prophet of WeWork, who was ousted from the company with a severance package that made him a billionaire, has just bought two prime pieces of Bal Harbour real estate for $44 million. Located next to the $65 million peninsula of land where the Bal Harbour Yacht Club used to be, these two properties were purchased from the same investor, Joseph Imbesi, who is parceling off the grand old club's formal landholdings and carefully selling them off.
Sadly demolished, the Bal Harbour Yacht Club was a magnificent piece of subtropical modern architecture designed by seminal South Florida architect Alfred Browning Parker, in the heart of the exclusive community of Bal Harbour, Florida. Its just-as-magnificent peninsula site survives, with water on three sides and the underwater rights to the lagoon which that peninsula creates, and is now for sale as a private home site for a whopping $65 million.
‘Theater of Shopping’ Traces the History of the Most Productive Shopping Mall in the World, Bal Harbour ShopsSean McCaughan - 1
There's a new book out about a really incredible mall in Miami. In 'Theater of Shopping,' architecture critic Alastair Gordon traces the history and growth of Bal Harbour Shops, an icon of South Florida which often takes the top spot as the most successful shopping mall in the world per square foot, and the family that created it, the Whitmans.