MIAMI (Sunny Isles) | Giorgio Armani’s Armani/Casa | 640 FT | 60 FLOORS

[chris08876]

Armani-designed condo project coming to Sunny Isles





A 60-story luxury condo will feature architecture by César Pelli and interiors by Giorgio Armani’s Armani/Casa Interior Design Studio. The Related Group and Dezer Development will jointly develop the project.

The 60-story Residences by Armani/Casa will rise on an oceanfront site at 18975 Collins Avenue in Sunny Isles Beach, in a partnership between Jorge Pérez’s Related Group and Gil Dezer’s Dezer Development.

Dezer has a track record in building luxury projects with a marquis brand: its Porsche Design Tower is under construction on the same stretch of beach, and the developer has built six towers bearing the Trump name.

“Trump. Porsche. Armani. It’s a niche market I’m creating,” said Gil Dezer, president of Dezer Development. “We’re getting luxury brands to join us on the buildings. It makes for amazing projects.”

Star architect César Pelli, who designed the Arsht Center for the Performing Arts in downtown Miami, was tapped as the architect for the Armani project.

The condominium will mark the first U.S. project by Armani/Casa Interior Design Studio, which has designed interiors for condos in other locations: Maçka Residences in Istanbul, Turkey; The World Towers in Mumbai, India; and Century Spire, in Manila, Philippines.

Working under the direction of the fashion designer, the Armani/Casa Design Studio will designate interior materials, colors, finishes and custom-made furnishings designed to reflect the setting and architecture. In a statement, Armani, CEO of Armani Group, said the Sunny Isles project provides “the opportunity to create something really very special — a remarkable living space, imbued with the spirit of modern elegance.”

The tower will include 260 luxury units and is planned for completion in 2016. Units will be priced from $1.2 million to $5.5 million.

Dezer said his firm and Related jointly bought the majority interests in a broken condominium to acquire the site. He said the project is expected to begin taking reservations soon.

“This is going to appeal to the same type of buyer as Porsche. They will be equally luxurious but lesser priced, strictly because they will be smaller units,” Dezer said.

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Tuesday, 07.15.14
http://www.miamiherald.com/2014/07/1...#storylink=cpy

[chris08876]

Update: Press release from Armani.



MILAN– The Armani Group is pleased to announce the exclusive partnership between the Armani/Casa Interior Design Studio, Dezer Development, and Related Group for the design of luxurious high-end residential units, common areas and amenities for their latest landmark project: Residences by Armani/Casa in Miami, Florida.

World-renowned Argentinean-born architect César Pelli, creator of the Petronas Towers in Malaysia and Adrienne Arsht Center in Miami, has designed the 60-story oceanfront tower in Sunny Isles Beach, FL (just north of Bal Harbour), with 260 luxury residences that reflect Giorgio Armani’s aesthetic sensibility and his hallmark sense of comfort and functionality.

Giorgio Armani, President and Chief Executive Officer of the Armani Group, says, “Armani/Casa was born from my desire to see my design aesthetic at work in interior spaces. On a project like this, where we have the benefit of partnering with a talented architect like César Pelli, we get the opportunity to create something really very special – a remarkable living space, imbued with the spirit of modern elegance.”

“We are thrilled to partner with such a talented individual as Giorgio Armani in the further expansion of his brand into the residential real estate arena,” says Gil Dezer, President of Dezer Development. “The tower will be representative of the Armani lifestyle; it will possess distinctive luxury and unrivalled elegance, as do our other branded buildings.”

“I am delighted The Related Group is part of this collaboration with the extraordinary talents of César Pelli and Giorgio Armani,” said Jorge M. Pérez, founder of The Related Group. “The Residences by Armani/Casa brings a new level of taste to Sunny Isles Beach, which has become one of the best oceanfront locations in the world for sophisticated condominium living and design.”

Residences by Armani/Casa at 18975 Collins Avenue is scheduled for completion in 2016

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http://www.exmiami.org/index.php/rev...a-sunny-isles/

[chris08876]

90% Of Units Reserved In 10 Days At Armani/Casa Sunny Isles

The in-house sales team at Armani/Casa in Sunny Isles claims to have received reservations on about 90% of units at the project within 10 days of opening.

Renderings and brochures for the project remain embargoed, but floor plans and pricing can be found below.

Construction on the project is estimated to begin within eight months.

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July 31, 2014
http://www.exmiami.org/index.php/cla...a-sunny-isles/

[chris08876]

Reservations will soon be converted into contracts at Residences By Armani Casa In Sunny Isles, according to the project’s sales team.

The project was said to have been successful at attracting reservations this summer, prior to the collapse of the Russian economy. Unit prices started at $1.35 million for a two-bedroom condo, and went up to $5.6 million for a four-bedroom unit.

Buyers will need to put down 10% to convert to contract (in addition to their 10% deposit), with another 20% due at groundbreaking this Spring. Completion is scheduled for Summer 2017.

César Pelli is the architect, with interiors by Armani Casa. Related Group and Dezer Development are the developers.

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http://www.thenextmiami.com/index.ph...s-armani-casa/

[dave8721]

Another South Florida 600+ footer set to get started:
http://www.bizjournals.com/southflor...-in-sunny.html

Armani/Casa condo to commence site work in Sunny Isles Beach

Brian Bandell
Senior Reporter-South Florida Business Journal

Dezer Development and the Related Group are hauling out the heavy equipment for the Residences by Armani/Casa as site work on the Sunny Isles Beach condominium project is set to begin in several weeks.
The developers will soon demolish the existing hotel at 18975 Collins Avenue and then start converting the buyer reservations into hard contracts. The developers said 84 percent of the project's 307 units have been pre-sold.
The project should be completed in the first quarter of 2018.
The 60-story tower is the first Armani/Casa branded tower in the U.S. Architect César Pelli, known for his work on the Adrienne Arsht Center in Miami, will design the units.
"We are extremely pleased to bring the internationally-celebrated talents of César Pelli and Giorgio Armani to Sunny Isles Beach, further defining the city as one of the world's leading addresses for elegant living and sophisticated design," Jorge M. Pérez, CEO of the Related Group, said in a news release.
Units range from 1,350 square feet to 3,750 square feet. They're priced from $1.3 million to over $5 million.
"We look forward to beginning construction of this landmark tower and introducing the unrivaled Armani lifestyle to South Florida," Dezer Development President Gil Dezer said.

[chris08876]

MIAMI (Sunny Isles) | Giorgio Armani’s Armani/Casa | 640 FT | 56 FLOORS

Work on clearing a 3-acre Sunny Isles site to prepare for construction of the 308-unit Residences By Armani Casa condo tower in Sunny Isles is now underway.

To celebrate, the developers recently held a demolition party attended by over 400 guests, according to Metrocitizen. Conversions of reservations into contracts has also commenced, the web site said.

Records show that the developers have been acquiring units from individual condo owners in the now-demolished building on the site, and that they had been engaged in litigation which delayed the project. Condo documents for the new project have not been filed yet.

The project consists of a 56-story, 640-foot tower designed by architect Cesar Pelli, with interiors by Armani Casa. Sales are said to be strong.

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http://www.thenextmiami.com/index.ph...ll-soon-begin/

[ATLksuGUY]

This is actually a decently impressive looking building. Large but sleek. Should look great from the water. Sunny Isles is really growing up. Thanks for keeping on top of it Chris as always!

[chris08876]

Originally Posted by ATLksuGUY

This is actually a decently impressive looking building. Large but sleek. Should look great from the water. Sunny Isles is really growing up. Thanks for keeping on top of it Chris as always!

Glad I can help. Its a hobbie that I enjoy and have a passion for. Sometimes I question why I am a Geologist. I should be a real estate broker selling NYC real estate. Eh, time will tell. Maybe in the future. Who knows but just doing this hobby has landed some nice connections. But the fact that people enjoy the work and compilations makes it worth the effort.

May the towers rise!



And yes, I agree, Sunny Isles is growing up. Joining the big leagues. Miami in general too. The 1990's skyline was laughable, and now, its a global icon. If all goes well, it may very well make it to the elite cities with more than 4 super talls, because on a global scale, having 4 supertalls or more in a city is rare and not so common. If all 5 or 6 rise, Miami will be, next to NYC and Chicago, part of the big boy club.

[chris08876]

New Rendering and Very High Resolution: http://i.imgur.com/psHrXOo.jpg

[chris08876]

$1B Armani Tower is Related Group's Most Expensive Project

Extra Model: https://www.instagram.com/p/BAj8WJ7wdD8/ *

Residences by Armani/Casa broke ground in Sunny Isles Beach, per The Next Miami, and at the cost of $1 billion will be Related Group's most expensive project ever according to Related founder Jorge Perez.

The 60-floor project co-developed by Related Group and Dezer Development features a $15-million penthouse for sale that includes a free trip to Italy to meet Giorgio Armani. Units start at $1.85 million and 180 of 308 units (58 percent) were sold as of last week.

The $10-million sales center is pictured below. *

===========================
CBMiami

[dave8721]

Broke Ground (officially) on Wednesday



http://therealdeal.com/miami/2016/03...or-armanicasa/

Dezer, Related to close on $315M construction loan for Armani/Casa

The nearly $1 billion tower currently has more than $650M in sales

Dezer Development and the Related Group plan to close on a $315 million construction loan for Residences by Armani/Casa in Sunny Isles Beach, and held a groundbreaking ceremony for the project on Wednesday. The developers have more than 65 percent of the 308-unit tower under contract and will close on a the construction financing at the end of the month, Gil Dezer and Carlos Rosso told The Real Deal. Wells Fargo and Blackstone are the lenders. Dezer said about 200 units have sold to a “cross section of who buys in Miami. What you’re seeing here is the demographic is a bit higher due to our price point.” Prices for condos range from about $2 million to more than $15 million for the Giorgio Armani-furnished penthouse, which comes with a trip to Italy to meet Armani himself.
Construction crews have installed piles 180 feet deep to allow for two levels of underground parking, Rosso and Dezer said. Coastal Construction is the general contractor, according to a spokesperson. The beachfront project is located at 18975 Collins Avenue between condo towers Ocean II and Ocean III. The Residences by Armani/Casa, a planned 56-story, 649-foot tall tower designed by César Pelli, will also include more than 35,000 square feet of amenities: a lobby lounge, fine dining restaurant, cigar room and wine cellar, heated swimming pool, oceanfront fitness center, two-story spa, movie theater and clubroom, as well as beach amenities. Landscape architect Enzo Enea designed the three-acre garden. Dezer said he expects the building to be completed by February of 2019. The nearly $1 billion project has more than $650 million in sales under contract, with units ranging from 1,350 square feet to 4,160 square feet.

[bobdreamz]

It's hard to believe that over a decade ago Sunny Isles Beach didn't even have one skyscraper over 500+ feet / 152+ m.
Now with the ground breaking of this project it will be the city's 10th.!

[chris08876]

I'm seeing some completion dates for some time in 2017: I'd imagine leaning towards the last quarter or so. Hopefully its true and it will rise fast.

Its a nice tower. IMO, Muse is probally the nicest development out there.


Credit: http://www.optimardevelopments.com/p...ni-residences/

[aquablue]

Originally Posted by bobdreamz

It's hard to believe that over a decade ago Sunny Isles Beach didn't even have one skyscraper over 500+ feet / 152+ m.
Now with the ground breaking of this project it will be the city's 10th.!

With all these fancy luxury towers named after fashion and car brands, how come there isn't fancy retail in these area to meet these customers demand? All I see on Google Earth is strip malls and generic stores!!!

Is Sunny Isles a more luxurious Miami beach?

[chris08876]

Credit: Miami Residential Group ( @miamiresidential )

Armani Residences #Miami is currently under #construction and it’s 80% sold out. Giorgio Armani, Cesar Pelli and Jorge Perez together for the first time to create one of the most #spectacular #oceanfront glass residential buildings of Sunny Isles Beach and Miami Beach information...

[chris08876]

Originally Posted by aquablue

Is Sunny Isles a more luxurious Miami beach?

Both very pricey but I'd say Miami Beach commands higher costs per sq/ft. Although you will find very pricey units in Sunny Isles and especially West Palm Beach. Anything right near the coast, particularly the barrier islands in S.Florida is prime real estate.

[chris08876]

Credit: https://www.linkedin.com/in/william-fleck-137a4516/

[SLO]

Its a cool little stretch of sand where the buildings get very tall. Nice project. Dezer and Related have licensed the Trump name in the past, looks like Armani is next...

[chris08876]

Credit: https://twitter.com/Related_Group


Credit: https://twitter.com/dezerdev

[chris08876]

Dezer/Related Group grab $305M construction loan for designer-branded condo

The Armani/Casa brand is known for luxury and eye-popping dollar figures, so it’s no surprise that the construction loan for its first branded condo in the United States would be larger than the assets of many community banks as a whole.

Wells Fargo Bank, as lead administrator for a group of lenders, awarded a $305 million construction loan to RDR Seashore, an affiliate of Dezer Development and the Related Group, for the Residences by Armani/Casa in Sunny Isles Beach. After breaking ground in March, Coastal Construction has started structural work on the 56-story, 308-unit project.

Banks generally don’t make a construction loan until they’re satisfied the developer has strong sales and the construction funding plan appears solid.

Located on the beach at 18975 Collins Ave., the project was designed by César Pelli. Units range from 1,350 square to 4,160 square feet. They are priced from $2 million to over $15 million.

The project will include over 35,000 square feet of amenities, including a pool, fitness center, movie theater, a two-story spa, a beach club, a restaurant, a cigar room and a wine cellar. Swiss landscape architect Enzo Enea designed a 3-acre garden oasis for the building featuring sculptures by Sandro Chia and Boaz Vaadia.

The Residences by Armani/Casa should be completed in 2018.

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http://www.bizjournals.com/southflor...tion-loan.html