Ivanka Trump and Jared Kushner Lease Miami Condo After $32 Million Deal on Indian Creek

First daughter Ivanka Trump and her husband, senior presidential adviser Jared Kushner, have signed an agreement to lease a condominium in Arte, according to a person familiar with the situation. Designed by Italian architect Antonio Citterio, the striking, pyramid-shaped building is considered one of the most spectacular new oceanfront developments in Miami’s Surfside neighborhood. As The Wall Street Journal reports, it’s one of the priciest in the area: Its penthouse recently sold for $33 million to a New York private-equity executive.

One of the developers of the building has connections with the President. Alex Sapir heads the Sapir Organization, a company started by his late father, Tamir Sapir, a Soviet expatriate who oversaw a large New York real-estate portfolio. The Sapir Organization teamed up with the Trump Organization to build the Trump SoHo condo-hotel in New York before the 2008 financial crisis.

Ms. Trump and Mr. Kushner signed an agreement to lease a large, unfurnished unit in the building for at least one year, according to a person familiar with the deal. According to Zillow, properties of that scale in comparable areas typically rent for tens of thousands of dollars a month. The deal is supposed to be an interim measure while the couple builds on a home they recently purchased on Miami’s Indian Creek Island for $32 million.

Apartments in the 16-unit building feature direct elevator entry with fingerprint recognition technology, deep wraparound terraces with Roman travertine ceilings, European white oak flooring, and temperature-controlled parking lots.

The building is packed with amenities including a 75-foot heated indoor lap pool, a private rooftop tennis court, a fitness center, children’s playroom and residents’ lounge. According to a person familiar with the deal, while the building has 24-hour security, the couple will bring in additional security. Douglas Elliman is the sales head at the building.

For the duration of the Trump administration, Ms. Trump and Mr. Kushner rented a high-end home in the Kalorama area of Washington, D.C., from Chilean business magnate Andronico Luksic, The Wall Street Journal reported.