2023-04-28 19:30:00
In financial difficulties for several weeks, the owner of the Huot Group has just put his luxurious Florida penthouse up for sale for the tidy sum of $6.9 million US, or some $9.34 million Canadian.
Located in a stately condo tower in Miami’s Sunny Isle, the two-story, 4,677-square-foot apartment has been listed for sale in the past few weeks, according to information obtained by our Bureau of Investigation.
According to US real estate site Zillow, the property is a corner unit that has four bedrooms, four parking spaces, and marble floors. Each bedroom has its own bathroom as well as its own private balcony, which gives access to a breathtaking view of the ocean.
The building, located a few steps from the beach, includes two infinity pools as well as a complete exercise room. All the services that one can think of, including a valet, are offered, specifies the announcement.
Reached by telephone in Florida, the broker in the file did not want to answer our questions and refused to comment on the reasons for the sale.
Stéphan Huot acquired this property in 2009 for $4.2 million. In annual taxes alone, the owner had to pay more than $57,300 in 2022, according to public documents.
Other house for sale
Remember that this is Stéphan Huot’s second property to be put up for sale since the start of his financial troubles.
Just before the Easter holiday, the property developer put back on the market his luxurious mansion in Quebec for nearly $3.7 million. He had tried to sell it for an additional $1 million two years earlier, without success.
Its spokesperson, Florence Brouillard, however assured that this return to the market had nothing to do with the financial difficulties of the Huot Group.
In hot water
Bad news has been piling up for the Quebec real estate developer since mid-February.
– Read also: Financial difficulties of the Huot Group: 90 millionaires are fearful for their money
– Read also: Groupe Huot: a company ordered to pay $850,000 to Revenu Québec
– Read also: Groupe Huot: a company ordered to pay $850,000 to Revenu Québec
Inflation and rising interest rates would have forced him to shut down almost all of his construction sites, in addition to making layoffs. The Huot Group then had more than $900 million in active loans on its buildings.
Since then, some 75 millionaires who allegedly invested colossal sums in the empire through an intermediary now fear for their money and are trying to regain control of the housing stock.
Suppliers and subcontractors have also taken action to get paid. No less than 334 legal hypothecs totaling $108.5 million have been registered on buildings of the Huot Group and its subsidiaries, according to data from the firm Terram Technologies.
Our Bureau of Investigation also revealed on Wednesday that one of Huot’s companies was recently ordered to pay more than $850,000 to Revenu Québec, while another may well escape it in part under the Bankruptcy Act. .
1682716969
#owner #Huot #Group #selling #penthouse #Florida
