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The Miami 'Condo' in the US $ 1,200 Million Case of PDVSA Is a Retreat for the (very) Rich and (not so) Famous

Since its opening in 2017, the Porsche Design Tower quickly became a symbol of luxury and ostentation in South Florida. Magnates from all over the world retreat behind the discretion of its tinted glass windows and virtually anonymous legal entities. But in recent days, two police investigations into illegal financial flows from abroad placed the building under an inconvenient spotlight. The justice just seized an apartment of over five million dollars from a Venezuelan agent.

09/09/2018 12:00:00

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It is no small thing that the Porsche Design Tower stands out in the real estate market in the imaginary of both the inhabitants and tourists who visit the metropolitan area of Miami. In that area of South Florida, buildings of Zaha Hadid, Bjarke Ingels, Rem Koolhaas and the duo of the Swiss Herzog and De Meuron, i.e. a virtual super league of the most renowned architects in the world, are being erected or have already been built. In the midst of so much competition, the expressionless, almost Spartan black cylinder, nestled on the sands of Sunny Isles, northeast of Miami-Dade County, has earned a position on its own merits.

Such merits may not be exactly - or exclusively - design, despite its name. The roller with stained-glass facade, 60 floors and almost 200 meters high contrasts like a tube of twilight next to the characteristic Caribbean luminosity of the coast.