Jared Kushner Reportedly Buys $30M Miami Property As Company Expands Reach. 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. 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. In Miami’s Edgewater neighborhood, which is in an opportunity zone, Kushner Cos. has planned a $500M, highly amenitized apartment community at 1900 to 2000 Biscayne Blvd. Plans call for three towers in three phases, with more than 1,000 units total. Morali told The Real Deal that rents will exceed $3 per SF. In 2019, Kushner Cos. also bought two parcels, one in Wynwood and one in Fort Lauderdale, for a combined $81M. A Kushner Cos. project book for 2020 says the company partnered with Block Capital Group in Wynwood and plans to develop a mixed-use project there with 55K SF of retail, 55K SF of office and 138 luxury rental units. The Fort Lauderdale assemblage at 200, 300 and 520 West Broward Blvd. is near a station for Brightline, a privately operated train. * * * #commercialrealestatebroker #commercialbroker #listinagent #listingspecialist #multifamily #multifamilyinvesting #multifamilyrealestate #multifamilyinvestors #multifamilyhomes #multifamilyacquisition #multifamilybroker https://www.instagram.com/p/CImm1SwJ1_t/?igshid=1rssbr5iefnh6