Palm Beach apparently has a new billionaire, now that Chicago real estate and casino tycoon Neil Bluhm has bought a never-lived-in condominium in Midtown.
Bluhm and Kimberly Paige Fleming paid a recorded $7.4 million for a unit at 215 Brazilian Ave. on the east side of the Palazzo Villas quad-plex, a deed recorded Friday shows. The documents list them as tenants in common.
Their five-bedroom condo is the third to sell this year in the development, where the units resemble attached three-level townhouses but have their own condo association. Bluhm and Fleming’s unit has 5,390 square feet, according to its sales listing.
Bluhm co-founded the former JMB Realty in Chicago and grew it into a major real estate investment and development firm with a focus on mixed-use projects. Its high-profile developments included Copley Place in Boston, Century City in Los Angeles and 900 North Michigan in Chicago.
Bluhm also co-founded and is chairman of Rush Street Interactive, which owns gaming facilities in Illinois, Pittsburgh, Philadelphia and Schenectady, New York, according to its website.