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Real estate agent: Former Versace mansion may showcase art during Art Basel Miami Beach

Posted by Jeremy Resnick | Jan 21, 2014 | 0 Comments

Gianni Versace turned a neglected oceanfront Miami Beach mansion into a work of art. Now the mansion's new owners might use its ornate interiors to showcase new art.

VM South Beach LLC bid $41.5 million last month for the Ocean Drive property. The Miami real estate agents who collaborated with an auctioneer on the sale say the deal officially closed Thursday.

VM South Beach owns the Hotel Victor next to the mansion. The company's principals include the Nakash family of New York, which controls Jordache Enterprises.

The real estate agents say the chairman of Jordache Enterprises is considering using the mansion for an exhibition in early December, when thousands of people flock here for Art Basel Miami Beach and about two dozen other contemporary art fairs.

About the Author

Jeremy Resnick

Attorney Damien Aranguren is a native Floridian and was raised in Osceola County. Damien graduated with his undergraduate degree from the University of Central Florida in 2004. He received his Juris Doctor degree from Stetson University College of Law in 2008  before being hired as an Assistant A...

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