Miami Beach Condo Owned by Late Architect Zaha Hadid Sells for $5.75 Million
Zaha Hadid was the first woman to receive the Pritzker Architecture Prize.
September 05, 2018 at 02:58 PM
3 minute read
The W South Beach condominium unit owned and designed by the late architect Zaha Hadid has sold for $5.75 million.
The three-bedroom, four-bathroom unit at 2201 Collins Ave. sold for nearly half of the $10 million originally sought when it was put on the market more than two years ago.
Hadid died in March 2016 after suffering a heart attack while hospitalized for bronchitis at 65. She lived in Miami Beach while working on the One Thousand Museum Residences, which is still under construction in Miami.
Ray Bassiouni, a New York and Boston-based technology executive, bought the condominium, according to his representative, Douglas Elliman's David Pulley. Bassiouni is chairman of ATI Systems, a maker and provider of emergency warning and notification systems for large users such as campuses, community, industrial and military markets.
He also is a fan of Hadid's work and saw value in the condo, added Pulley, who is director of luxury sales at Douglas Elliman's sports and entertainment division.
The 2,541-square-foot condo is three units combined. Hadid bought two units in 2010 and later added a studio, paying a combined $4.2 million, according to The Wall Street Journal.
Hadid, who was born in Iraq, studied architecture in London and became a British citizen, is internationally recognized for her shape-shifting futuristic style. Examples include the curvaceous lines of the Heydar Aliyev Centre, an auditorium and museum in Baku, Azerbaijan; the polygonal block-shaped University of Economics Library and Learning Center in Vienna; and the steel-and-glass pleated exterior of the Eli and Edythe Broad Art Museum at Michigan State University.
Hadid was the first woman to receive the Pritzker Architecture Prize. Her personal style also is reflected in the Miami Beach condo — a curvy corner unit facing the ocean.
“I think Zaha Hadid has a very specific style, so the unit obviously represents kind of her creative powers,” Pulley said. “When you are buying Zaha Hadid, you really are buying a piece of art.”
Pulley called the original asking price “unrealistic” for the market. The sales price was $2,263 per square foot.
Hadid lived near her final project, the 62-story One Thousand Museum condo tower that will have 83 ultra-luxury residences at 1000 Biscayne Blvd. in Miami.
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