I checked and we don't have a thread for this. The tower is under construction. Construction was delayed, but is resuming. Was suppose to be under construction in 2013.
Sunny Isles Beach commissioners approved the developer of Jade Signature’s request to modify a previously approved site plan for the condo project.
The commission voted 3-1 to allow developer Sunny Isles Beach Associates to reduce the project’s units from 223 to 192 and cut parking spaces from 429 to 422. Vice Mayor Isaac Aelion was the only member to vote against the modification during Thursday’s hearing. Sunny Isles Beach Associates is an affiliate of Fortune International.
City zoning allowed Fortune to develop up to 258 units at the Jade Signature site, attorney Cliff Schulman told The Real Deal in a written statement. Schulman represents the developer.
But Fortune always intended to build 192 condos and marketed the project as such, according to Schulman.
“My client knew very well that they would not actually build that maximum density because they realized the Sunny Isles beachfront purchasers desire larger, more luxurious units,” he said. “They submitted the initial site plan application for 223 units to allow for further design flexibility for the architects and interior designers.”
Jade Signature has taken the lead in real estate developments with the Jade properties by recruiting an all-star team of top designers and architects from around the world. Jade Signature in Sunny Isles has produced record sales with over 70 percent sold and is outpacing every other development in the area. President of Fortune Int. and developer. Edgardo Defortuna, has one more success to add to his landmark projects with these $1400 per square foot luxury condominiums. Fortune Int. has sold more units during the last 10 months than any other real estate project in Miami during the last 2 years.
The future residents of Jade Signature are mostly second-home buyers from over 16 nationalities, along with NYC investment bankers and CEO’s of multinational organizations. Created by Pritzker Prize-winning firm Herzog & de Meuron these elegant high-rise 192-unit tower will feature soaring ceilings, flow-through floor plans, expansive 25 ft. deep terraces, and oceanfront views giving the feeling of contemporary beach houses in the sky.
April 2014 has been Fortune International strongest sales month since converting to contract in October of 2013 with $57 million in sales. Jade Signature continues to enhance its reputation for innovative and luxurious living with their ultimate high design creations.
Thats an epic shot. One of the best nighttime pics I've seen in a while. Which means... new wallpaper. Gets me psyched for my Orlando and Miami, and Seattle trip at the end of August. I'll be sure to snap up as many pics as I can. Hopefully the weather will be nice.
Miami-based Fortune International Group closed on a $284-million construction loan from HSBC for Jade Signature condo project in Sunny Isles Beach.
Fortune, which both develops condominiums and leads sales and marketing for other developers, said more than 80 percent of the units are under contract in the 57-story project at 16901 Collins Avenue.
The 192-unit tower was designed by the architectural firm Herzog & de Meuron, with interior design by the Parisian firm PYR. Raymond Jungles is the landscape architect.
Quote:
Fortune said its construction loan “will support the timely completion’’ of the tower, projected for delivery in 2017. Suffolk Construction began construction on the project last year.
Interesting piece on Jade's 50-foot deep ocean front hole in the ground. A 3-story undergound parking garage on a beach front lot. Must be some undertaking. They broke ground before Porsche Design Tower which is already 23 stories up.
500 Sunny Isles is also doing something very similar. Underground, and literally next to the water. Must be extremely expensive to incorporate these subterranean, robotic parking decks.
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