May 13, 2014 12:40 pm

Montreal company pays $34.5M for building housing Britto gallery

Romero Britto, pictured in April 2014.

John Parra / Getty Images

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

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