A Prison security system mogul bought a unit at Ritz-Carlton Residences, Sunny Isles Beach for $25.5 million.
Kenneth Mark Feldman and his wife, Barbara H. Feldman, purchased penthouse 5002 at 15701 Collins Avenue from the developer for $4,177 per square foot.
Kenneth Feldman is the CEO of Coastal Detention Holdings, a Statesboro, Georgia holding company that owns Trussbilt LLC and American Steel Products. Trussbilt LLC and American Steel Products are two prison security equipment manufacturers that merged in 2014, according to Correctional News.
According to floor plans provided by Ritz-Carlton Residences, the recently-sold 6,105-square-foot penthouse has five bedrooms and seven-and-a-half bathrooms. The condo also features 3,730-square-feet of exterior space, including a balcony off the master suite and a 3,470-square-foot terrace with a garden and pool.
Designed by Arquitectonia and Michele Bonan, Ritz-Carlton Residences Sunny Isles, enjoys a prime Oceanfront location on the Beach in Sunny Isles at 15701 Collins Avenue.
The Ritz-Carlton Hotel Co. manages all services, delivering to Residents the legendary quality and personal touch synonymous with the brand.
Spacious Flow-through Residences at Ritz-Carlton Residences Sunny Isles range in size from 2-4 Bedrooms with ~1,605 – 6,320 Square Feet, large Terraces, premium interior Finishes, private Elevator entry, beautiful views of the Ocean, City, and Intracoastal from Floor-to-Ceiling Impact Windows and Doors, private Pools in Penthouse Residences, Service Quarters in select Residences, and more! High Ceilings in Residences include 10′ Ceilings in non-Penthouse Residences and 15’+ Ceiling heights in Penthouses. Closings at the Ritz-Carlton started in February of 2020. Click here to explore Residences. Interested in viewing Residences? Contact me to schedule an Appointment.