Published by The Real Deal South Florida, May 27, 2021
A high-profile Trial Attorney, whose clients have included Uber, WeWork founder Adam Neumann and billionaire hedge funder Dan Loeb, is among the latest New Yorkers to relocate to Miami. For Carmody, the relocation marks a return to South Florida, where he lived in the 1980s, bartending at properties including the Mutiny Hotel in Coconut Grove. The long-time New Yorker landed in Miami in January, said he hasn’t left since and represents Clients around the Country. He recently represented Neumann in a nearly $1 billion lawsuit with SoftBank, which was settled in February.
Bill Carmody and his wife, Catherine, paid $11.8 million for a Penthouse at developer Michael Stern’s Monad Terrace luxury condo project in Miami Beach, he told The Real Deal. The two-building development at 1300 Monad Terrace was designed by Pritzker Prize-winning architect Jean Nouvel.
The Carmodys rented a unit at The Four Seasons Residences at the Surf Club in Surfside before moving to Monad Terrace. In New York, they lived at the Herzog & de Meuron-designed 40 Bond Street. Carmody and his wife initially looked at single-family homes, but “we found ourselves chasing the market,” he said. “Once I found Monad, it was kind of lights out.”
Penthouse A at Monad Terrace has 4,823 square feet of interior space and 4,961 square feet of exterior space, four bedrooms, four bathrooms and two half-bathrooms. Dina Goldentayer of Douglas Elliman represented the buyer, and Elliman represented the developer in the sale. The 2-Story penthouse features a private pool and hot tub on the rooftop deck and 20-foot ceilings, Goldentayer said. The building is about 80 percent sold, according to a spokesperson for the project.
Stern’s JDS Development Group completed the seven-story and 13-story, 59-unit bayfront project and began recording closings earlier this year. Amenities include a sundeck with a swimming pool and hot tub that overlooks Biscayne Bay, a cafe and juice bar, a wellness center, dock, and a bicycle and water sports storage room. Units range from 1,453 square feet to 5,350 square feet.
In March, Joshua Wander, managing partner and co-founder of the private equity firm 777 Partners, paid $8 million for a larger penthouse at Monad Terrace.
Monad Terrace is a Boutique style Building with a total of only 59 Units. Monad Terrace enjoys a prime location in Miami Beach with beautiful Water views and only 1 Mile from the Beach.
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