Forums Dancehall Reggae Ivanka Trump and Jared Kushner Lease Miami Condo Following $32 Million Deal on Indian Creek

Posted August 13, 2022 05:08 AM

Ivanka Trump and Jared Kushner Lease Miami Condo Following $32 Million Deal on Indian Creek

The pair are renting an apartment at Arte, one of the area’s priciest new projects

As his term in office comes to a close, President Trump is decamping to Mar-a-Lago, his sprawling Palm Beach estate. Now, his daughter and son-in-law appear to also be Florida-bound.

First Daughter Ivanka Trump and her husband, senior presidential adviser Jared Kushner, have signed a deal to lease a condominium in Arte, according to a person familiar with the situation.

Designed by Italian architect Antonio Citterio, the striking, pyramid-shaped building is considered one of the most luxurious new oceanfront developments in Miami’s Surfside neighborhood. It is also one of the area’s priciest: Its penthouse recently sold to a New York private-equity executive for $33 million, The Wall Street Journal reported.

One of the building’s developers has links to the president. Alex Sapir is the head of the Sapir Organization, a company started by his late father Tamir Sapir, a Soviet émigré who oversaw a large New York real-estate portfolio. The Sapir Organization teamed up with the Trump Organization to build the Trump SoHo condo-hotel in New York before the 2008 financial crisis.
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Ms. Trump and Mr. Kushner signed a deal to lease a large, unfurnished unit in the building for at least a year, according to the person familiar with the deal. Properties of that scale in comparable areas typically rent in the tens of thousands of dollars a month, according to Zillow. The deal is thought to be an interim measure while the couple builds a house on a lot they recently purchased on Miami’s Indian Creek Island for $32 million.

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