Luxury new construction Ritz-Carlton Residences in Sunny Isles Beach secured its temporary certificate of occupancy and can now start closings at the 52-story luxury oceanfront condo development.
Developed by Fortune International Group and Château Group, the 212-unit tower in Sunny Isles Beach is nearly sold out and has recorded more than $150 million in pre-construction sales over the past year, according to a release. It broke ground in 2016.
Designed by architect Bernardo Fort-Brescia of Arquitectonica, the tower boasts 250 feet of beachfront and over 365,000 square feet of glass. Features include a private club level on the 33rd floor, a beachfront restaurant, pool deck, kids club, full-service spa, fitness center and wellness center.
Condo units start at $2.6 million. The project secured $212 million in construction financing for the Ritz-Carlton Residences, from Little Rock-based Bank of the Ozarks (now known as Bank OZK), one of the most active condo construction lenders in Miami.
The development group has sold out all four penthouses, totaling more than $82 million, according to the release. The penthouses in Miami feature garden terraces spanning 2,000 square feet to 4,000 square feet, private pools and summer kitchens, custom-designed Italian cabinetry and service quarters.