TORONTO — Artist Romero Britto has a new landlord.
A Canadian company has paid $34.5 million for the Miami Beach building currently housing the Brazilian artist’s gallery.
The 8,375-square-foot building on a 7,5000 square-foot lot on Lincoln Road last sold in 1993 for only $335,000.
The new owner of the 79-year-old building is 818 Lincoln Investments, a Montreal-based company headed by Danny Lavy, CEO of Elite Group Inc.
Lavy was embroiled in a multi-million-dollar legal dispute with celebrity chef Gordon Ramsay over a failed partnership — including a short-lived deal to add Ramsay’s name to Laurier BBQ.
The Britto Central Gallery, featuring the artist’s ubiquitous pop art, is a tourist attraction on the busy Lincoln Road pedestrian mall in South Beach.
A rep for Britto was not available for comment and it is not yet known if the gallery will remain in the building.
© Shaw Media, 2014