Is this Larry Gagosian’s new Foster apartment?
The world’s biggest art dealer has reportedly bought a new pad, ready in time for Art Basel Miami Beach
If you see Larry Gagosian today at Frieze compliment him on his choice of architect. A couple of real-estate blogs have reported that the world’s most successful art dealer, whose gallery is showing a series of new Ed Ruscha paintings at stand B57 during the fair, has bought an apartment in the Foster + Partners designed Faena House at 3201 Collins Avenue on Miami Beach.
The beachfront development will house 47 residencies and is due to be completed later this year. Foster + Partner’s say “the sleek, modern lines of the 14-storey apartment block resonate with this local style, while the building’s efficient passive form is designed to reduce the need for mechanical cooling during the hot summer months.”
The architects go on to explain that “each apartment is designed to maximise ocean views and all feature generous full-height living spaces. Large wrap-around terraces dissolve the boundary between inside and outside, creating ‘verandas in the sky’ that take advantage of South Beach’s exceptional climate, capture cooling sea breezes and encourage an outdoor lifestyle.”
Sounds nice. Luxe Miami Real Estate says the Faena’s asking prices range from $3 to $50 Million; hardly pocket change, though eminently affordable for a man whom the Wall Street Journal estimates to be selling around $1 billion worth of art each year. If he’s in there by the time of Art Basel Miami Beach (December 4–7), there'll only be one place to be come cocktail hour.
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