Related Group's Chairman Jorge Perez Sells Apogee Beach Penthouse In Hollywood For $6 Million

Jorge M. Perez, the billionaire Chairman and CEO of Related Group, has sold his Apogee Beach PH in Hollywood, FL for a record $6,000,000 to William Schwitzer, CEO of William Schwitzer & Associates, a personal injury law firm based in NYC. Perez’s penthouse 2401 at Apogee Beach in Hollywood, FL was represented by Oren Alexander of Douglas Elliman while Schwitzer was represented by Gillian Fessler of Douglas Elliman. The 5,051 SF residence traded at $1,190 PSF which equates to over 285% increase since Perez acquired the property in 2013 for about $2 million.

The full-floor penthouse features 6,307 SF of terraces, has five bedrooms, a den, five full bathrooms and one half-bathroom. The penthouse at Apogee Beach was completely custom designed to be a luxurious home for entertaining and grand living with extraordinary views in every direction from its many outdoor spaces, including the all-encompassing balconies on the east & west facades, an expansive rooftop deck with outdoor kitchen and private pool, and a private poolside cabana downstairs. The residence features custom interiors with high ceilings and pale wood floors, a massive living room, and a master suite complete with private office.

“All of South Florida is seeing huge growth, but few markets can even come close to Hollywood Beach in terms of price appreciation,” said Jorge M. Perez, CEO of Related Group. “This neighborhood was long overlooked, but this transaction, and the considerable pent-up demand for similar product, is reaffirmation of what we’ve always known – Hollywood, Hallandale and other hidden gems across the region are poised for their moment in the sun.”

Related Group completed the Apogee Beach condo tower, located at 3951 South Ocean Drive, in 2013. It was designed by architect Carlos Ott, interiors by New York-based David Rockwell and art contributions by Michele Oka Doner and Carolina Sardi. The beachfront condo was the first new construction project developed post 2008 financial crisis on the barrier Island, and has been touted as the pilot for all post-crisis developments across South Florida.

Images via Douglas Elliman

Jon Paul Pérez Is Named President Of The Related Group As The Next Generation Of The Pérez Family Takes the Helm

Jorge M. Pérez and the Related Group have announced the appointment of Jon Paul Pérez as president of the organization, following more than a year of planning alongside Related’s distinguished leadership team. Following the transition, Jon Paul stands poised to continue Related’s legendary track-record of transforming neighborhoods across all sectors, and ultimately expand the firm’s more than four decades of success.

“Jon Paul has shown time and again he has the passion and vision to carry forward what I started more than 40 years ago,” said the Pérez family patriarch Jorge Pérez, who will continue as Chairman & CEO. “He brings the same tireless energy that defined my early years, but more importantly, injects a new way of thinking that will expand the business far beyond anything I could’ve imagined. There’s no one better suited to take Related into the future.”  

Formerly Related’s executive vice president, Jon Paul has already established himself as a market maker, leaving his stamp on the nation’s most competitive markets and navigating several once-in-a-generation industry shifts.

“This position comes with a great sense of pride and responsibility, not only to my father, family and our exceptional team of associates, but also to the communities we serve,” said Jon Paul. “Each of Related’s developments, from affordable to luxury, are known for catalyzing growth and opportunity and I look forward to continuing this commitment, while expanding the boundaries of what a private developer can accomplish.”

Since joining Related Group in 2012, following a five-year tenure at NY-based Related Companies, Jon Paul has played a growing leadership role, personally spearheading the expansion into Miami’s popular Wynwood neighborhood, where the team is working to deliver several major mixed-use projects and transform the area into a true live-work-play neighborhood. He also led the development of Residences by Armani/Casa, an award-winning luxury condominium developed in partnership with fashion icon Giorgio Armani and Dezer Development.

“I speak for the entire executive committee when I say Jon Paul is well prepared to start this next chapter,” said Adolfo Henriques, Related Vice Chairman, and trusted advisor to the Pérez family. “Much like his father, he’s grown to become a driving force, with relentless determination to achieve his goals. But I’m most heartened to see him developing his own unique style, seamlessly channeling the firm’s historic strengths into innovative directions. We stand proudly behind our new leader.” 

Jon Paul is currently working with leaders across the affordable, market-rate, international and luxury divisions to kick-off the next generation of Related properties.  Among these are Solemar, set to bring a new level of design and luxury for Pompano Beach; Ritz Carlton Tampa, a marquee project for the city’s prime waterfront; Boulevard at West River, a multi-towered project within the 120-acre West River redevelopment also in Tampa; SLS Tulum, a condo-hotel hybrid and the next phase of Related’s international expansion; and in Related’s continued commitment to Miami, the first of three towers at 444 Brickell Avenue; and some of the largest affordable housing developments in the country in the Brickell Avenue neighborhood, Miami River and Liberty City.

He is also working to accelerate the organization’s innovation efforts, which include strategic investments in disruptive technologies, forging industry partnerships and recruiting promising talent. Recent milestones include signing on as an early adopter for The International WELL Building Institute’s WELL Health-Safety rating; partnering with Livly to build a completely digital rental experience; and rolling out a Related Living smartphone app across the firm’s condo and rental portfolio.

Outside of Related, Jon Paul is continuing the Pérez family tradition of civic leadership, serving on the Wynwood BID and playing a key role in the organization's Marketing and Economic Development Committee. As part of his position, Jon Paul works with other BID members to ensure future developments respect Wynwood’s established persona and contribute to the neighborhood’s ongoing evolution. Additionally, Jon Paul serves as an Advisory Board Member of Urban Land Institute’s Southeast Florida/Caribbean chapter and is an active Board Member of Big Brothers Big Sisters and the United Way Young Leaders. He is currently a member of YPO and, together with his siblings, plays an active role in the Perez Family’s philanthropic endeavors. 

Imagery via Eduardo Schneider