Ayman Sabi unloaded the condo for $2,725 psf; the buyer was tied to a Cayman Islands company
The former CEO of Pompano Beach-based Roadhouse Grill sold his condo at the trendy W South Beach for $7.2 million, about 22 percent over what he paid for it.
In September, a W South Beach condo owned by the late star architect Zaha Hadid sold for $5.75 million….
The 20-story W South Beach was developed by Related Group, Starwood and TriStar Capital. It was designed by Nichols Brosch Wurst Wolfe (NBWW) and Costas Kondylis, and completed in 2008.
Sabi’s Roadhouse Grill was a casual dining restaurant founded in 1992, whose motto was “eat, drink and be yourself.” The company struggled financially as it expanded and was reorganized under Chapter 11 bankruptcy in 2002.
Read on… Source: The Real Deal Former Roadhouse Grill CEO serves up W South Beach condo for $7M