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With $100 Million In Sales, Aston Martin Residences To Break Ground Next Week

Aston Martin Residences will hold a groundbreaking ceremony on October 18 after reporting strong sales.

Over $100 million worth of units have already been placed in contract, the developer says. Buyers are responding to the Aston Martin branding, prime location, and a well capitalized developer.

Condo sales are similar to what was reported in June, when the developer said that $100 million worth of units had been sold.

G&G Business Development (the real estate arm of Argentina’s Coto family) is the developer. The project includes 391 units in a 66-story tower.

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21 Comments on "With $100 Million In Sales, Aston Martin Residences To Break Ground Next Week"

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Anonymous
Anonymous

Stunning project

anonymous rex
anonymous rex

elegant and beautiful building. very nice.

Anonymous
Anonymous

Also heard Cervera is also being fired from this project. Has anyone else heard the same?? Heard they were given til end of year to bring sales and if not they are OUT……. LOL (3 in a row!)

Anonymous
Anonymous

Just looked at the website which says the building has 10 penthouse floors.
I get marketing and all, but don’t destroy the language in the process.

Polo
Polo

Great news, spectacular tower!

1Ronald
1Ronald

How great it would be to unload the last remaining units by offering up a Lagonda or a Volante. There are those of us who appreciate old is where it’s at. In cars.

Anonymous
Anonymous

This developer is no fool and does not need 40% sales to get started. His momentum building is quite smart. Why wait a couple years to get started and let construction cost creep up 20%?

Anonymous
Anonymous

Found the broker.

Anonymous
Anonymous

This comment surely came scripted from the broker trying to make it look like a good deal….

Anonymous
Anonymous

Construction costs are going down, down down over the next few years…dumb broker argument.

Anonymous
Anonymous

Yea ….. breaking ground to start collecting money from the contracts and generate sales with the expectations …… this project will take at least 4 years to build ..

Anonymous
Anonymous

Very nice building. Great addition to Miami’s skyline!!!.

DEV1
DEV1

Fake groundbreaking. No permits, no finished plans, no real construction. Marketing ploy by an amatuer developer. Buyers should run away from this project before they loose their deposit.

Anonymous
Anonymous

Try learning how to spell before you start making ridiculous (and untrue) accusations. It’s “lose” by the way.

Anonymous
Anonymous

This definitely must be someone from the current sales team lol

Anonymous
Anonymous

My favorite design

Anonymous
Anonymous

This is retarded. Are people so stupid that they are buying condos wrapped inappropriately into a car brand? I get the novelty of Porsche, but the whole idea of an Aston Martin Condo is insulting. I cannot believe that they found $100M worth of people so shallow and uninformed that they bought into this misapplication of brand. Stay tuned for the Silver Shadow condos with DeBeers windows build into every exaggerated sf.

Anonymous
Anonymous

irrational behavior…start a project with no sales.

Dev1
Dev1

Fake start to try to generate sales. Put a couple piles in the ground and have a groundbreaking party. Amatuer developer copying old tricks.

Anonymous
Anonymous

doesn’t sound like much of the building is sold. $100m is not much if you consider what each unit goes for

Anonymous
Anonymous

Agreed

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