Published by Bisnow South Florida, December 8, 2020
Miami is abuzz with a New York Post report that Ivanka Trump and Jared Kushner are buying a $30M lot for a residential property in Indian Creek, a tiny 0.46-square-mile village next to Miami Beach with 41 home sites and a country club.
Indian Creek has been called “Billionaires’ Bunker” because of its high concentration of wealthy residents, including billionaires Carl Icahn and Jeffrey Soffer, model Adriana Lima and hedge funder Eddie Lampert. The parcel that’s reportedly being bought by Trump and Kushner is currently owned by singer Julio Iglesias.
When Jared Kushner began working in the White House as a senior adviser to his father-in-law, President Donald Trump, he stepped down as CEO of his family’s commercial real estate firm, Kushner Cos., but retained a substantial ownership stake, The New York Times reported in 2018.
A spokesperson for Kushner Cos. declined to comment to Bisnow on Jared Kushner or whether he might rejoin the company. Kushner Cos. has several projects underway in South Florida.
Company President Laurent Morali told The Real Deal in October that Kushner Cos. decided to enter the South Florida market because of demographic trends, with Florida’s population expected to grow from 21.3 million to nearly 26 million.
“These people are going to need to find housing. That’s the case for development,” Morali said.