(AllHipHop News) Kanye West and Kim Kardashian are reportedly buying a $14 million luxury apartment in Miami, Florida.
The rapper and reality TV star are quietly in the process of buying a place in the city's 18-story luxury beachfront tower Faena House, which is home to Goldman Sachs chairman Lloyd Blankfein, hedge-fund billionaire Kenneth C. Griffin and Faena co-developer, businessman Len Blavatnik.
They reportedly signed a contract to buy the property from Blavatnik's brother Alex, who had originally listed it for $15.5 million.
The apartment is 4,700 square feet and boasts four bedrooms, five and a half bathrooms, and a wraparound terrace. The building also has a private gym, spa, pool, concierge and underground parking.
They have long-running connections with Miami Beach, with the Kardashian sisters opening a DASH boutique store in the city and Kim starring in "Keeping Up with the Kardashians" spin-off "Kourtney and Kim Take Miami," which ran for three seasons until 2013.
Kanye is also a regular at the annual Art Basel Miami Beach and is said to like Faena's links to the artistic and cultural community.
The couple, who have three children; North, five, Saint, three and Chicago, 11 months, are mostly based in their mansion in Hidden Hills, California.
In November, they hired private firefighters to save their home during the California wildfires.