Ritz-Carlton Residences Receive TCO, Begin Closings


The Ritz-Carlton Residences, Sunny Isles Beach, South Florida’s most elegant address, has received its temporary certificate of occupancy (TCO), signaling the start of closings for the oceanfront tower.

The ultra-high-end, 52-story condominium is the much-lauded brainchild of Fortune International Group and Château Group. It will be managed by The Ritz-Carlton, ensuring that the needs of those who are privileged to live in the high-rise are not only met, but exceeded. Legendary Ritz-Carlton services will be tailored to individual preferences and desires, with ladies and gentlemen serving ladies and gentlemen. The curation of bespoke moments, coupled with the level of attention to detail, comfort and convenience, will be unparalleled — redefining the luxury-living experience for high-net-worth individuals in South Florida.

In addition to announcing this milestone, the joint developers have disclosed that sales at the property are flourishing. In the last year, the condominium — which is now almost sold out — recorded more than $150 million in pre-construction transactions. Buyer demographics, furthermore, have been far-reaching, with a majority hailing from the U.S., Latin America and Europe.

“This is a day of tremendous pride for our team of visionaries,” said Edgardo Defortuna, President and CEO of Fortune International Group. “On a global scale, the significance of our tower’s opening cannot be overstated. It has been one of the most talked-about projects worldwide. Homebuyers familiar with The Ritz-Carlton brand know the level of service that they can expect to receive when they live in a high-profile property, such as this one. Every conceivable convenience will be at their fingertips.”

“We are thrilled to be showcasing this building to the world and celebrating the continued excitement surrounding its unveiling,” said Manuel Grosskopf, CEO of Château Group. “The interest from buyers has been a testament to the strength of The Ritz-Carlton brand, its global visibility, and subsequent appeal. Savvy high-net-worth individuals know that these homes are going to offer them all of the perks of a five-star resort, but none of the transient use. Needs of our residents will be anticipated before they even know they have them. It’s an opportunity that cannot be overlooked.”

For jet-setting CEO’s, top executives, and VIPs, The Residences are poised to be the ultimate home-site. Each resident will enjoy luxury hotel-level butler services – from cleaning and turndown services, to transportation to and from the airport, tickets to the most sought-after shows, restaurant reservations, educational programming and activities for youth, daily curated events, all the way to one’s favorite flowers arranged in their foyer vases and groceries securely stored in their refrigerator – to ensure there is a sense that everything falls perfectly into place.

Residents will also have the opportunity to share the splendor of their beachfront lifestyle with their guests while also offering exceptional privacy. The high-rise’s club level includes eight individual Guest Suites exclusively for friends, family, and loved ones of resident owners. These guests will have a taste of The Ritz-Carlton standard of service with daily housekeeping and access to the building’s services and amenities.

Since the launch of sales in 2015, the sell-out of all four penthouses has been one of the most profound indicators of the tower’s remarkable appeal, with the latest transaction having taken place early in February. In total, sales of the quartet of sprawling, amenity-rich units have reached more than $82 million. This pre-construction feat is virtually unheard of in the surrounding market, with most penthouses selling after a building has officially opened — once again signifying the project’s unique appeal.

The ocean-inspired silhouette of The Residences is unmistakable – set to illuminate the coastline with its shimmering façade, comprised of more than 365,000 square feet of glass (or more than 6,000 panes total). As the first building north of Bal Harbour, the tower — a glistening standout — boasts a prime location with 250 feet of pristine beachfront. The Residences’ designs have been crafted by renowned architect Bernardo Fort-Brescia of Arquitectonica with interiors by acclaimed Florentine architect Michele Bönan. Comprising 212 residences, the high-rise will have a private club level on the 33rd floor, beach restaurant, pool deck, kids club, full-service spa, fitness center and wellness center, among other top-line amenities. Residences start at $2.6 million.