January 16, 2021

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Home is our roof

Palm Beach front Biltmore penthouse apartment sells for $9.64 million

Private-fairness expert Charles Ayres has paid out a recorded $9.64 million for a penthouse condominium in the Palm Seaside Biltmore, a deed recorded Friday exhibits.

The sale marks the optimum recorded sales price fetched by a Palm Seaside apartment considering the fact that Might 2019, assets information present.

The apartment — No. 1002 at 150 Bradley Place in Palm Beach — was sold privately by manner government John D. Idol, who owns a lakefront household across city. He heads Capri Holdings, formerly recognised as Michael Kors Holdings, the corporation founded by the American designer of the similar name.

Also regarded as Penthouse E, the Biltmore penthouse has 3,299 square ft of inside house, house information present. Idol acquired it as a two-bedroom unit for a recorded $7.4 million in June 2015.

Ayres, who goes by Charlie, is taking care of spouse and chairman of Trilantic North America, a New York City private-fairness agency centered with an office in Austin, Texas. He joined the enterprise in 2009 at its inception, in accordance to the firm’s web-site.