Jordache Enterprises Inc. founder Joe Nakash and his partners can start implementing their plan for the former Versace mansion after officially closing on the $41.5 million purchase of the iconic South Beach property.
Nakash’s VM South Beach LLC late Thursday finalized the acquisition of the landmark mansion at 1116 Ocean Drive. The company emerged as the winning bidder in last month’s bankruptcy auction, which attracted interest from celebrity developer Donald Trump and Wellington developer Glenn Straub, owner of the Palm Beach Polo and Country Club.
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