Jade Signature has obtained a TCO, and closings are now underway.
Construction took four years and seven months (two levels of underground parking were built steps from the ocean). Work first started in July 2013.
The project includes 192 units at an average price of $1,400 per square foot. About 92% of units have been sold.
HERZOG & DE MEURON-CREATED JADE SIGNATURE
RECEIVES TCO, BEGINS CLOSINGS
Developed by Fortune International Group, residents will soon begin moving into the highly anticipated tower, which is ideally situated on Sunny Isles Beach, overlooking the Atlantic
SUNNY ISLES BEACH, FL (Jan. 29, 2018) — With the finishing touches of a giant kapok tree now firmly planted at its entrance, and a new public work of art installed along its shoreline, Jade Signature — Miami’s most architecturally extraordinary oceanfront address – has received its temporary certificate of occupancy (TCO), signaling the start of closings for the ocean-facing luxury tower. Residents are now slated to begin moving in within the next few weeks.
Developed under the leadership of husband-and-wife team Edgardo and Ana Cristina Defortuna of Fortune International Group, and created by the Pritzker-Prize winning architecture firm Herzog & de Meuron — in collaboration with Parisian interior designer Pierre-Yves Rochon (PYR) and landscape architect Raymond Jungles — sales and construction began in 2013. To date, 95% of the 192 residences have been purchased by an array of buyers spanning the U.S., Latin America and Europe. Financing for the 57-story tower, which is located at 16901 Collins Avenue in Sunny Isles, was provided by HSBC. With this initial TCO achieved, the development team expects that the building will be fully completed for its official opening at the end of the first quarter.
Nearly sold out, Jade Signature has a limited assemblage of residences remaining among the tower’s most luxurious units. Known as “The Collection,” the portfolio is a compilation of two-story Sky Villas and penthouses, ranging from $14.2 million to $32.9 million. The Sky Villas offer stunning features, such as flow-through views, expansive terraces, private elevators, smart technology, service quarters and PYR-designed bathroom cabinetry. The two, full-floor penthouses boast all of these world-class features as well as a private pool, gym and 360-degree views of the Atlantic Ocean, Intracoastal Water and the Miami skyline. Additional offerings include three- to five-bedroom residences, with sizes starting at 3,312 square feet and prices starting at $4.8 million.
The roots of Jade and the journey of its brand trace back to 2004 and Miami’s Financial District, where Jade on Brickell Bay was developed by Fortune International Group. The project’s prominence and accolades eventually paved the way for the creation of Jade Ocean and Jade Beach in Sunny Isles — and now, Jade Signature. Coinciding with Jade Signature’s final stages of completion, the company celebrated an additional milestone in November: the commemoration of nearly 35 years in the luxury residential real estate industry…a benchmark that will be celebrated when Jade Signature officially opens in the weeks ahead.
“We are so proud to be of delivering this masterpiece to the world,” said Edgardo Defortuna, President and CEO of Fortune International Group. “Our buyers have long recognized our vision and strength, knowing full-well what the final result will be when a group of industry leaders set out to create something extraordinary.”
“Like the kapok tree’s symbolism of strength and resiliency, and the jewel-adorned, snowman-shaped ‘Bonhomme Universe’ sculpture’s embodiment of Miami’s unique diversity, Jade Signature, as a whole, is a testament to rare artistry and singular design,” Defortuna continued. “This particular project is the pinnacle of the Jade brand’s journey, representing the growth of a legacy and its future admiration by generations to come.”