Love don’t cost a thing, but real estate does. It seems Jennifer Lopez is losing her high rise downtown Miami condominium due to a foreclosure sale.
JLo‘s Icon Brickell love nest, which she’s been sharing with her younger boy toy Casper Smart, was sold right out from under her. It seems the condo was actually owned by HSBC Bank.
Lopez and her ex, Marc Anthony, had leased the condo in 2009 as a marketing ploy to draw a buzz to the neighborhood. The couple had been offered a deal by Jorge Perez, the developer, which was too good to pass up. They moved in with hopes that their celebrity status would draw more buyers who were interested in having someone famous in their building.
According to real estate columnist Kevin Dickenson, the couple was offered low rent with an option to buy the sky-high condo for just $1.7 billion. What a sweet deal. Soon, gossip had spread that Lopez and Anthony had bought as many as ten units in the tower, making it the “sexiest place in town.”
Apparently, sex appeal could not save the building, however, and a deal recently closed that would force JLo and her cougar cub Casper to seek a love den elsewhere.
Would you move into a building just because a celebrity lived there?
By Ikam Acosta