A company managed by Alex Blavatnik, brother of billionaire Len Blavatnik, dropped $11.55 million on fifth-floor unit at Faena House, Miami-Dade County records show. Alex Blavatnik, who recently acquired a 7, 500-square-foot site in North Beach, is executive vice president of Access Industries, the conglomerate that controls Warner Music Group. He’s listed as the manager on the LLC that purchased unit 5A this week, a 4, 730-square-foot residence.
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Len Blavatnik, who is worth $21.3 billion, founded Access and is Alan Faena’s business partner on the exclusive 18-story tower in Miami Beach. Alex Blavatnik’s unit has least four bedrooms and six bathrooms. It also features a 1, 516-square-foot terrace, according to marketing materials.
Read the full story at The Real Deal, by Katherine Kallergis
