Timbaland just bought a waterfront condo under construction in Miami’s Arts & Entertainment District who’s closed on two units at Aria on the Bay, Cervera Real Estate’s John Parsiani said. Parsiani, a senior sales executive for the project, declined to provide a price. Sources said the units were listed for about $4 million. His combined condo spans more than 4,700 square feet with an additional 1,300 square feet of terrace space.
Tim Elmes of Coldwell Banker and Marc Hameroff of Engel & Völkers Miami represented the record producer. Elmes could not immediately be reached for comment. Timbaland, who has worked with artists like Ginuwine, Aaliyah, Justin Timberlake, Jay-Z and Ludacris, will be able to move in soon. The Melo Group plans to get its certificate of occupancy for Aria on the Bay by March, Parsiani said. The 53-story, 648-unit building at 1770 North Bayshore Drive is nearly 90 percent sold.
*therealdeal.com
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