Author: Ava Salina

Read Time: 4 minsAccording to a 1986 Miami Herald article, in the 1980s developer Gerry Sanchez purchased numerous hotels along Ocean Drive. Mr. Sanchez was superstitious – and since he was 45 years old, the price he’d sell a property for would have to include the numbers 4 and 5: “For everything I sell, I have to make 45 cents or $4.50 or $45 or $4,500 or $45,000 or $450,000. I’m superstitious because that’s my age.” $450,000 is the profit he made while selling the Clevelander to the Kay Family for $1.65 million, after owning the property for four months.