It took only two acquisitions in a three-year span for Consultatio to emerge as a power player in South Florida’s next residential development wave.
Consultatio, the development firm of prominent Argentine businessman Eduardo Constantini, in June showed it was willing to pay top dollar for the region’s most coveted properties by spending $220 million, or $913.29 per square foot, for the 5.53-acre home of the Bal Harbour Beach Club headquarters. The purchase was Miami-Dade County’s most expensive land deal since an affiliate of Malaysia-based Genting Group paid $236 million for the downtown Miami headquarters of the Miami Herald in May 2011.
