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Developers of The Ritz-Carlton Residences Sunny Isles Beach Pay Off $212 Million Construction Loan

Developers of The Ritz-Carlton Residences Sunny Isles Beach Pay Off $212 Million Construction Loan

April 30, 2020

Fortune International Group and Château Group, joint developers of The Ritz-Carlton Residences, Sunny Isles Beach, have paid off a $212 million construction loan on the newly opened condominium tower. The developers received the loan from Bank OZK in September 2016.

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In Construction, Construction News, Construction Update, Luxury Real Estate, New Construction, News, Finance & Banking, Residential, Sunny Isles Tags Chateau Group, Fortune International Group, Fortune Development Sales, Fortune International Realty, Edgardo Defortuna, Michele Bönan, Michele Bonan, Bernardo Fort-Brescia, Arquitectonica, News, Manuel Grosskopf, The Ritz-Carlton Residences, The Ritz-Carlton, The Ritz-Carlton Residences Sunny Isles Beach, Bank OZK, 15701 Collins Avenue, Sunny Isles, Sunny Isles Beach, Residential, New Construction, Luxury Real Estate, Luxury Condo, Lending, Construction Loan, Banking, Bank of the Ozarks, Financing, Finance, Finance & Banking, Construction News, Construction, Construction Update, Featured
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The Ritz-Carlton Residences, Sunny Isles Beach Secures TCO & Sells Last Penthouse For $25.5 Million

The Ritz-Carlton Residences, Sunny Isles Beach Secures TCO & Sells Last Penthouse For $25.5 Million

February 24, 2020

The Ritz-Carlton Residences, Sunny Isles Beach, one of South Florida’s most anticipated residential towers, has received its temporary certificate of occupancy (TCO), signaling the start of closings for the oceanfront tower. The ultra-high-end, 52-story condominium is the brainchild of Fortune International Group and Château Group.

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In Construction, Construction News, Construction Update, Luxury Real Estate, New Construction, News, Residential, Sales Update, Sunny Isles Tags The Ritz-Carlton Residences, The Ritz-Carlton Residences Sunny Isles Beach, The Ritz-Carlton, The Residences, The Residences Sunny Isles Beach, Fortune International Realty, Fortune Development Sales, Fortune International Group, Chateau Group, Sunny Isles, Sunny Isles Beach, Construction Update, Construction, Construction News, New Construction, Edgardo Defortuna, Manuel Grosskopf, Luxury Real Estate, Luxury Condo, News, Residential, Featured, TCO, Temporary Certificate of Occupancy, Sales Update
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The Developers of The Ritz-Carlton Residences, Sunny Isles Beach Unveil Striking Pablo Atchugarry Sculpture For Miami Art Week

The Developers of The Ritz-Carlton Residences, Sunny Isles Beach Unveil Striking Pablo Atchugarry Sculpture For Miami Art Week

December 12, 2019

Marking the culmination of one of the most exciting weeks of the year in Miami, dozens of art world influentials, local luminaries and friends joined leaders with Fortune International Group, Château Group and internationally renowned artist Pablo Atchugarry for the unveiling of “Dreaming the Future,” Atchugarry’s latest sculpture.

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In Art Basel, Construction, Construction News, Construction Update, Art, Events, Luxury Real Estate, New Construction, News, Residential, Sunny Isles, Miami Art Week Tags Sunny Isles, Sunny Isles Beach, Art, Miami Art Week, Art Basel, New Construction, Construction News, Construction Update, Construction, Luxury Real Estate, Manuel Grosskopf, The Ritz-Carlton Residences Sunny Isles Beach, The Ritz-Carlton Residences, News, Chateau Group, Fortune International Group, Edgardo Defortuna, Dana Goldman, Pablo Atchugarry, Ana Cristina Defortuna, Sergio Grosskopf, Isabella Holguin, Nathalie Rader, Dreaming the Future, Michele Bönan, Bernardo Fort-Brescia, Arquitectonica, 15800 Collins Avenue, George Bud Scholl, Alex Lama, Residential, Featured
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Third Penthouse Goes Under Contract At The Ritz-Carlton Residences, Sunny Isles Beach For $19.75 Million

Third Penthouse Goes Under Contract At The Ritz-Carlton Residences, Sunny Isles Beach For $19.75 Million

May 8, 2019

The third penthouse at The Ritz-Carlton Residences, Sunny Isles Beach, which is slated to be completed at the end of this summer/beginning of fall, is now under contract for $19,750,000. The price equates to nearly $2,600 SF at the unfinished residence (PH49/#4903), which is one of four penthouse units in the 52-story building being developed by Fortune International Group and Chateau Group.

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In Luxury Real Estate, New Construction, Residential, Sales Update, Sunny Isles, News Tags Sunny Isles Beach, Sunny Isles, The Ritz-Carlton, The Ritz-Carlton Residences, The Ritz-Carlton Residences Sunny Isles Beach, News, Sales Update, Fortune International Group, Edgardo Defortuna, Residential, Luxury Condo, Luxury Real Estate, Chateau Group, Featured
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The Ritz-Carlton Residences, Sunny Isles Beach Officially Tops Off Targeting Delivery In 2019

The Ritz-Carlton Residences, Sunny Isles Beach Officially Tops Off Targeting Delivery In 2019

December 1, 2018

The Developers of The Ritz-Carlton Residences, Sunny Isles Beach have celebrated another major milestone as the tower has officially toped off at 52-stories and is slated to be delivered to residents in 2019.

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In Construction, Construction News, Construction Update, Luxury Real Estate, New Construction, News, Sunny Isles Tags The Ritz-Carlton Residences, The Ritz-Carlton, The Ritz-Carlton Residences Sunny Isles Beach, Fortune Development Sales, Fortune International Realty, Fortune International Group, Chateau Group, Manuel Grosskopf, Edgardo Defortuna, Michele Bonan, Construction, Construction News, Construction Update, New Construction, Top Off, News, Sunny Isles, Sunny Isles Beach, Luxury Real Estate, Suffolk Construction, Featured
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Watch The Full Panel From PROFILEmiami's "State Of The Sunny Isles Real Estate Market Event"

June 24, 2018

Local leaders, luminaries and real estate professionals converged at The Ritz-Carlton Residences, Sunny Isles Beach sales gallery on May 2, 2018 for an in-depth discussion about the state of the Sunny Isles Beach real estate market.

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In Events, News, Panels, Sunny Isles Tags Events, News, Panels, PROFILEmiami Panel, PROFILEmiami Presents The State of the Sunny Isles Real Estate Market Panel, Sunny Isles, Edgardo Defortuna, Dana Goldman, Jorge L. Guerra Jr., Boris Kozolchyk, Demetri Demascus, PROFILEmiami, The Ritz-Carlton Residences, The Ritz-Carlton Residences Sunny Isles Beach, Sunny Isles Beach, Fortune International Realty, Fortune International Group, Colliers International, Miami Association of Realtors, Featured
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Demetri Demascus, Boris Kozolchyk, Dana Goldman, Edgardo Defortuna, & Jorge Guerra Jr.

Demetri Demascus, Boris Kozolchyk, Dana Goldman, Edgardo Defortuna, & Jorge Guerra Jr.

Inside The State Of The Sunny Isles Real Estate Market Panel Event Co-Hosted By PROFILEmiami & The Developers of The Ritz-Carlton Residences, Sunny Isles Beach

May 9, 2018

Local leaders, luminaries and real estate professionals recently converged at The Ritz-Carlton Residences, Sunny Isles Beach sales gallery for an in-depth discussion about the state of the Sunny Isles Beach real estate market.

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In News, Sunny Isles, Events Tags Events, News, The Ritz-Carlton, The Ritz-Carlton Residences, The Ritz-Carlton Residences Sunny Isles Beach, Sunny Isles, Sunny Isles Beach, State of The Market Panel, Edgardo Defortuna, Chateau Group, Manuel Grosskopf, Fortune International Group, Fortune Development Sales, Fortune International Realty, Demetri Demascus, PROFILEmiami, The State Of The Sunny Isles Real Estate Market Panel, Dana Goldman, Jorge L. Guerra Jr., Boris Kozolchyk, Featured
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The Ritz-Carlton Residences, Sunny Isles Beach Passes Halfway Point With Expected Completion 2019

The Ritz-Carlton Residences, Sunny Isles Beach Passes Halfway Point With Expected Completion 2019

March 22, 2018

Construction of The Ritz-Carlton Residences, Sunny Isles Beach is flying right along as construction teams have passed the halfway point, 28th floor of 52 stories. The ultra-high-end oceanfront tower is on-schedule for next year’s projected delivery date (2019).

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In Construction News, Construction Update, News, Sunny Isles Tags News, Construction Update, Sunny Isles, Sunny Isles Beach, Chateau Group, Manuel Grosskopf, Edgardo Defortuna, Fortune International Group, Fortune Development Sales, Construction News, The Ritz-Carlton Residences, The Ritz-Carlton Residences Sunny Isles Beach
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The Ritz-Carlton Residences, Sunny Isles Beach Releases Exclusive Drone Footage Showcasing Sleek Arquitectonica Design

September 21, 2017

The Ritz-Carlton Residences, Sunny Isles Beach has released exclusive drone footage showcasing the progress of the tower's construction and highlighting its unique Arquitectonica-designed shape. The luxury condo-tower, which is under development by Fortune International Group and Chateau Group and was designed by Arquitectonica with interiors by Michele Bönan. The Ritz-Carlton Residences, Sunny Isles Beach will rise 52-stories and feature 212 residential condo units. Units start at $2.5 million and include Caesarstone Quartz countertops and Gaggenau appliances. Amenities include a beachfront restaurant, concierge, personal chef service, fuel-delivery service and a private club on the 33rd floor for residents. Completion is expected in 2018. Check-out the these renderings of the project and these sneak preview video tours.

In Construction Update, News, Sunny Isles Tags The Ritz-Carlton Residences Sunny Isles Beach, The Ritz-Carlton Residences, Ritz-Carlton, Sunny Isles Beach, Sunny Isles, Drone, Construction Update, News
The Ritz-Carlton Residences, Sunny Isles Beach Secure's Registration in New York to Market to NYC Buyers

The Ritz-Carlton Residences, Sunny Isles Beach Secures Registration in New York to Market to NYC Buyers

July 28, 2017

The Ritz-Carlton Residences, Sunny Isles Beach, has secured registration in New York to market directly to high-net-worth homebuyers in New York. Fortune International Group and Château Group, joint developers of The Ritz-Carlton Residences, Sunny Isles Beach, have taken the steps to register the project in the Empire City for the final stretch of their sales efforts after releasing new renderings and fly-through preview videos of some of the layouts. The private condominium tower, which will have no hotel on the premises, completed its concrete foundation pour in April and is slated for occupancy in 2019.

“The Ritz-Carlton Residences, Sunny Isles Beach have been designed with New Yorkers in mind, offering features and finishes found only within the most expensive residential properties in Manhattan,” said Edgardo Defortuna, CEO of Fortune International Group. “From the spa and fitness facilities to the latest technologies, the synergies here are overwhelmingly evident.”

The Ritz-Carlton Residences, Sunny Isles Beach Secure's Registration in New York to Market to NYC Buyers

“We are now able to bring this project directly to New Yorkers, giving us the opportunity to highlight our residences with an added level of seamlessness and immediacy,” said Manuel Grosskopf, CEO of Château Group.  “We know these buyers highly value The Ritz-Carlton name and would like to capitalize on the chance to own such well-sited dwellings -- not only because of their size, appointments and amenities, but direct access to the beach.”

The Ritz Carlton Residences, Sunny Isles Beach will rise 52-stories and feature 212 residential condo units. The tower, with its signature curvilinear silhouette, is designed by Arquitectonica, while interiors, inspired by South Beach’s 1960s heyday, have been crafted by acclaimed Florentine architect Michele Bönan. Residences range from $2.6 million to $5.2 million, with penthouses offered upwards of $25 million. Amenities include a private club level on the 33rd floor, beach restaurant, pool deck, kids club, spa, fitness center and wellness center, among other top-line amenities. Construction has completed their foundation pour and has begun vertical rise. The building is slated for delivery in 2019.  

The Ritz-Carlton Residences, Sunny Isles Beach Unveil Sneak Preview Video Tour
The Ritz-Carlton Residences, Sunny Isles Beach Secure's Registration in New York to Market to NYC Buyers
The Ritz-Carlton Residences, Sunny Isles Beach Secure's Registration in New York to Market to NYC Buyers
The Ritz-Carlton Residences, Sunny Isles Beach Secure's Registration in New York to Market to NYC Buyers
The Ritz-Carlton Residences, Sunny Isles Beach Secure's Registration in New York to Market to NYC Buyers
The Ritz-Carlton Residences, Sunny Isles Beach Secure's Registration in New York to Market to NYC Buyers
The Ritz-Carlton Residences, Sunny Isles Beach Secure's Registration in New York to Market to NYC Buyers
The Ritz-Carlton Residences, Sunny Isles Beach Unveil Sneak Preview Video Tour
The Ritz-Carlton Residences, Sunny Isles Beach Unveil Sneak Preview Video Tour
The Ritz-Carlton Residences, Sunny Isles Beach Unveil Sneak Preview Video Tour
The Ritz-Carlton Residences, Sunny Isles Beach Unveil Sneak Preview Video Tour
The Ritz-Carlton Residences, Sunny Isles Beach Unveil Sneak Preview Video Tour
The Ritz-Carlton Residences, Sunny Isles Beach Secure's Registration in New York to Market to NYC Buyers
The Ritz-Carlton Residences, Sunny Isles Beach Unveil Sneak Preview Video Tour
In News, Sunny Isles Tags The Ritz-Carlton Residences, The Ritz-Carlton Residences Sunny Isles Beach, The Ritz-Carlton, News, Sunny Isles, Sunny Isles Beach, Fortune International Group, Edgardo Defortuna, Chateau Group, Manuel Grosskopf
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