Something tall could go here. Like many sites which have been bought, and eventually a 600+ foot tower was built. Something to keep our focus on. Just as a reminder, they are the same group that gave us the Jade Signature. There record is solid when it comes to delivering 600 foot towers. Given that the height ceiling for the area is about 640-650 feet, expect something around that height. The condo market is booming in S. Florida at the moment. This location is also by the Porsche Design Tower, which is under construction at the moment.
Fortune International Group teamed up with Chateau Group to buy a hotel condominium complex in Sunny Isles Beach and they plan to replace it with a luxury condo project.
The joint venture between Miami-based Fortune and Chateau, which was founded in Argentina, paid $112.5 million for the four buildings on 4.7 acres at 18801 Collins Ave. It appears the developers reached an agreement with the individual owners of the 347 units in the La Playa de Varadero, which was built in 1965, to buy them out. These were hotel condo units, so most of the owners probably didn’t live there.