We have some interesting news for real estate investors in the Greater Toronto Area (GTA) looking for a second or third vacation home in Miami. Florida-based sales and marketing company, Pordes Residential, has announced a strategic partnership with Toronto-based Milborne Group to promote and sell ultra-luxury condo suites at two developments in Miami by Chateau Group and Fortune International Group.
Ritz-Carlton Residences in Sunny Isles Beach is unveiling a new $1 million-plus sales gallery, as it begins vertical construction of the 52-story condo tower, The Real Deal has learned.
With more than 3,000 square feet of interior space and a 1,000 square-foot terrace, the new sales gallery, at 15800 Collins Avenue, is across the street from the planned 212-unit tower. It replaces a sales center that was on the oceanfront site of the project before construction began last summer.
Toronto condominium marketer Hunter Milborne recently bought a condo at The Ritz-Carlton Residences, Sunny Isles Beach in Miami, Fla., which led to a strategic partnership that will now enable his company to cast a wider net.
Milborne Group is working with Miami’s Pordes Residential to serve the Florida real estate market, starting with the high-end Sunny Isles Ritz-Carlton and Fendi Chateau Residences in Miami.
This past week Miami development partners Fortune International Group and Château Group have secured $212,110,000 of construction financing for The Ritz-Carlton Residences, Sunny Isles Beach. The financing is provided by Bank of the Ozarks. In June, dignitaries of the City of Sunny Isles Beach celebrated the condominium's groundbreaking, commencing construction of the oceanfront residential tower located at 15701 Collins Avenue. The development is scheduled for completion in late 2018 and will be built by Suffolk Construction, one of the largest building contractors in the United States