Former J.Crew CEO Mickey Drexler just dropped $13.7 million on an empty plot of land in Miami
- Mickey Drexler is the former CEO of J.Crew.
- He stepped down from the role in July 2017.
- Drexler has spent over $25 million on real estate in Miami in the past year.
J.Crew's former CEO is splurging on Miami real estate.
Former CEO Mickey Drexler, who stepped down in July 2017 after 14 years in the role, has reportedly spent more than $25 million on beachfront real estate in Miami in the past 12 months.
In February 2017, he bought Calvin Klein's five-bedroom, five-bathroom Miami Beach home for $12.8 million, The Real Deal reported. This month, he purchased a 22,719-square-foot plot of land next door for $13.7 million, according to The Real Deal. The property had been on the market since 2015, when it was listed for $25 million.
The properties are located side by side on North Bay Road, which overlooks Biscayne Bay. It wasn't immediately clear whether Drexler intended to combine the two.
The road is known as "Millionaire's Row," as Ralph Lauren, Tommy Hilfiger, and Jennifer Lopez have all owned homes there, according to Curbed. Pablo Escobar also owned a property there, though it was bulldozed in 2016.
