Developer Completes Acquisition For 77-Story Brickell Tower

Fortune International Group has completed the acquisition of the site where it will build the 77-story Ora by Casa Tua. A pre-development loan has also been issued.

The 46,373-square-foot site at 1210 Brickell Ave was acquired from Miami-based Patagonian Investment Internacional LLC.

The developer can now further the development and ready the site for construction. Groundbreaking is expected in 2025.

Amerant Bank issued the $36,080,000 in pre-development financing to the developer.

The 77-story luxury development will include 533 fully furnished residences, allowing owners to do short-term rentals.

There has been “great interest” in the planned condos, and units will soon be going into contract, the developer said.

 

(Photo: Bosco Sky Park at ORA by Casa Tua )

 

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Mad Dash
11 days ago

Stunning tower.
I’m sure they won’t have a problem selling units. It’s a perfect development in the hottest area.

Anonymous
11 days ago

Another beaut by Arquitectonica!

Matilda
11 days ago

Oh.. I thought the were further into the building process … was expecting groundbreaking news…

Lynx at Miami Tower
11 days ago

Nice macro and mile away shot. Wonder what it looks like from 10 and 100 miles away.

Jordan
11 days ago

You and and your phone should take the MetroMover one hundred miles away to get that photo and upload it here. Provided that MetroPCS has coverage that far away!

Anonymous
11 days ago

Manhattan South views

anonymous
11 days ago

More short term rentals. Just what the city needs..

Jordan
11 days ago

Can you please elaborate on that thought in an intelligent way?
I sincerely do not understand the problem.

1. Is it that you think this black parking structure is historically significant, or its Darth Vaderishness contributes in some way that I have not thought of??
2. Is it that you do not like it when people earn their money in other cities ( Boston, NY, Chicago, Hong Kong, Paris, Londn, etc.) and then spend their money at this former parking garage at S. Miami Ave & SW 13th Street?
3. The SLS Hotel is across the street. The Conrad, JW Marriott, and Four Seasons Hotels are all within 3 blocks away. Is it that you prefer old automated parking garages to a destination that will emply 100’s of people?

Please help me understand.
I am open to the idea that you may know better than everyone else.

Please explain your plan.
Or, if you are in “stealth mode”..just stay quiet…put your better plan in to motion and buy it yourself!!

Anonymous
10 days ago

We want to earn our money in Miami, and not all of us are restaurant owners. Keep focusing on developing a local economy and community.

Anon
10 days ago

TBH: I think SLS left that property catty corner to Darth Vadar garage and it’s now DUA (not SLS).

Anonymous
11 days ago

500 short-term rental investor units that will be filled a quarter of the year. So great for our housing shortage.

Lynx at Miami Tower
11 days ago

In Barcelona they’re using water guns to shoo people away. Then they’re pulling other permits to make more local housing.

Anonymous
10 days ago

What a bunch of AOC-level idiots. Do they not realize their economy depends on those tourists’ money?

AOC
10 days ago

Marjorie Taylor Greene level idiots.

Scott
9 days ago

Yes. Everyone knows that the economy depends on tourist’s money. We have plenty of hotels and plenty of tourists! Miami has had the best year of tourism in its history!
It clearly does not need short term rentals to achieve this. If you read and listen to local Miami news, the city is trying to diversify away from tourism. If that is the goal – and I think it is the right goal – you need to have housing that is geared to locals and not tourists. Miami has done well to cater to tourism and always will. It needs to cater to locals to get the mix right of non-tourism related business. We are all championing new office buildings in Brickell, but where will those people live? Do we want housing in Brickell for those employees? Or prioritize housing for overseas investors? It is a choice.

anon
10 days ago

take a look at how banning short term rentals has gone for NYC…..hasn’t helped at all. If there is an excess supply of short term rentals (which there will be), do you not think investors would opt to secure longer term leases instead of losing money? Do the math

Anonymous
10 days ago

Cry more.

Anonymous
11 days ago

Great, now don’t redesign it into another squared-off box.