T
he CEO of Winston Capital Management, David Burstyn, has purchased a penthouse at Eighty Seven Park in Miami Beach for $29 million. The 6,466-square-foot condo on the 17th floor was sold by a land trust tied to an LLC with Burstyn's name. This purchase is notable given that Burstyn's firm is involved in a massive mixed-use development project in North Miami with BAS Holdings Investments.

    The penthouse at Eighty Seven Park features six bedrooms, six-and-a-half bathrooms, and a 4,000-square-foot wraparound terrace designed by RDAI. It was previously on the market for $40 million but sold for 27.5% less than its asking price. The seller, whose identity is hidden, still profited from their initial investment of $18.2 million in 2020.

    Eighty Seven Park was developed by Terra, a company led by David Martin, and designed by Pritzker Prize-winning architect Renzo Piano. The building's completion coincided with the beginning of 2020, just before the deadly condo collapse in Surfside. The National Institute of Standards and Technology is researching the effects of vibrations from neighboring construction on the collapsed building, which may have been referring to Eighty Seven Park.