Internationally Renowned Miami-Based Artist Romero Britto Acquires The Famed “BRITTO® Palace” In Little River For $11.8 Million

Internationally renowned artist Romero Britto now owns the 58,000-square-foot compound where the BRITTO® Palace is located in Miami, making it the official new headquarters of the BRITTO Group in the United States, which has business globally in fine art, consumer goods, retail, brand licensing, real estate, coffee shops, restaurants, hotels, skin care, and liquor.

Berkshire Hathaway HomeServices EWM Realty top-producer Jason Zarco of The Percal Zarco Group worked with Britto in the $11.8 million sale, which closed on Sept. 20. Alfredo Riascos, principal and broker of Gridline Properties, worked with the seller, real estate owner/operator Joseph Del Vecchio. For the purchase and loan from Ocean Bank, Britto was represented by Salomon V. Bagdadi, Esq., the Florida Managing Partner of Capozzi Adler, P.C. and President of Straight Line Title.

Located in Miami’s burgeoning Little River neighborhood at 795 Northwest 72nd Street, the BRITTO® Palace is a highly customized, 58,000-square-foot compound with two levels. Considered to be the largest art studio in the world, the dazzling space has already played host to dignitaries, celebrities, innovators, and art patrons from across the globe.

“This property has become a source of such palpable inspiration,” said Britto. “In so many ways, it’s a magical place where I like to spend most of my days creating with the purpose to bring more happiness to the world.”

“Miami is the perfect, vibrant and dynamic city for our new global headquarters and to our business expansion,” added Dr. Lucas Vidal, CEO of BRITTO Group and Britto's business partner.

“Romero Britto is a legend and a true Miami treasure,” said Del Vecchio. “I’m delighted to have played a small role in helping him make his enduring legacy more permanent with this acquisition.”

Little River, located in Miami’s Upper East Side, is rapidly emerging as one of Miami’s fastest-growing neighborhoods, characterized by an eclectic mix of creatives, culinary, and entertainment destinations. As ongoing development reshapes the area, the neighborhood is on track to become one of Miami’s most sought-after destinations for businesses and residents.

Check Out This $29 Million Penthouse In Bjarke Ingels' Grove at Grand Bay With Over $1 Million In Art

There are few residences that combine high-styled interior design and an expertly curated art collection all while being located in an iconic tower designed by one of this generations top architects, Bjarke Ingels. Located in Grove at Grand Bay, this newly listed residence is a $29 million penthouse fully furnished offering over $1M in art work from Dorit Levinstein, Romero Britto, Angelo Accardi, David Kracov and SN.

The unit takes up the entire floor at Grove at Grand Bay North Tower located on the lower penthouse. The 11,000 SF unit comes equipped with 6 full bedrooms and 8 baths, maids quarters, movie theater, gym, wet and dry sauna, jacuzzi, massage room, office, two master bedrooms with walk in closets, and a bar.

For Grove at Grand Bay, Terra Group teamed with celebrated Danish architect Bjarke Ingels, of BIG Architects, to bring modern luxury to historic Coconut Grove, Miami’s oldest neighborhood. Terra and Ingels envisioned a residence that would evoke luxury, but also fuse it with distinctly contemporary design. With floor plates that rotate every three feet at every elevation from the 3rd to the 17th floors, Ingels’ design creates two gracefully twisting towers that appear to be turning to capture the view as they rise to the sky. BIG Architects designed the residences and amenity spaces, and Raymond Jungles has designed the property’s landscaping.

2669 S Bayshore Drive, LPH N, Grove at Grand Bay is currently listed for $29,000,000 with Bragi Sigurdsson of Douglas Elliman.

Photos via Douglas Elliman Real Estate

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