Jake and Logan Paul buy penthouses in Miami

Social media influencers turned boxers Jake and Logan Paul are taking on Miami real estate with the planned purchases of two penthouses in the planned E11even Residences Beyond tower in downtown Miami.

famous siblings party at the E11even nightclub and toured the residential project’s sales gallery following Jake Paul’s victory over five-time UFC welterweight champion Tyron Woodley. The Paul’s adviser and a tower co-developer, Marc Roberts, gave the brothers a virtual tour.

The Paul brothers are buying three-bedroom, three-and-a-half-bathroom units that are asking for $20.5 million each, according to a spokesperson for the project, who declined to say what they were paying. They are expected to sign their contracts after the holidays.

Each penthouse has an outdoor kitchen and plunge pool.

The 65-story, 461-unit building will mark the second phase of E11even Hotel & Residences. E11even Partners and Property Markets Group are developing the buildings, which will connect at ground level and via an air bridge.

Developers broke ground on the first phase, a 65-story, 375-unit hotel and condo tower, in November. Roberts and Michael Simkins, owners of E11even, a 24/7 nightclub, have teamed up with PMG to soft-start sales of the first building earlier this year. Buyers there include WNBA player Candace Parker, ESPN co-host Sage Steele and MMA fighter Luke Rockhold, according to a statement.

Units at E11even Residences Beyond, at 29 Northeast 11th Street in Downtown Miami’s Park West neighborhood, start at the mid-$300,000 and 318 square feet for studios. The developers accept cryptocurrencies in both buildings.

The first tower will house amenities for the entire project, including a casino-style sports lounge, a rooftop, a spa and wellness center by Dr. Deepak Chopra, and a number of chef-led restaurants. It should be completed in 2023 and the developers could open the second building next year.

Contact Katherine Kallergis