Toy titan Paul Solomon’s former Miami site smashes suburb record

Moose Toys executive chairman Paul Solomon’s former retro resort is in line for a luxury upgrade The former beachfront playground of Moose Toys titan Paul Solomon has struck gold again, with an off-the-plan apartment on the site offloaded for a cool $14.5 million. The big-ticket deal for the ground-floor pad in the upcoming Nalu development at Miami has smashed the suburb’s home price record before a single brick has even been laid. The $500m luxury project is rising on a 7,238 sqm parcel at 122-130 Marine Pde, formerly a retro 1970s resort owned by Solomon. Solomon sold the beachfront parcel for $70m He’s parlayed Moose Toys’ success into a lucrative property portfolio. The company’s Melbourne headquarter in 2015. MORE NEWS High roller parking: $500k Porsche craned to rooftop Grandfather walks away from $13.9m dream home Rachel Finch offloads Gold Coast parcel The executive chairman and stepson of Moose Toys owner and billionaire Manny Sul, had renovated the original building and renamed it Nalu — Hawaiian for “wave” — before offloading the mega-site to the Monaco Property Group in 2024 for a whopping $70m. Solomon, whose Melbourne-based company pulls in more than $1bn in annual r...