Wall Street Hot Shots Are Snapping Up Spots In This Gorgeous $1 Billion Miami Condo

Lloyd Blankfein and private equity tycoon Leon Black are among those said to have purchased a spot in a new $1 billion Miami luxury condominium development, Bloomberg Businessweek's Katya Kazakina reports.

Faena Miami Beach is an 18-story ocean condominium featuring 47 residences ranging from $3 million to $50 million, the report said.

The development won't be complete until December 2014.

It looks like it's a hot spot. On Faena's website there are only seven units that are still listed.

We've included some renderings in the slides that follow.