Success: $1B Armani Tower In Sunny Isles Pays Off Construction Loan Just Weeks After Opening & Is Nearly Sold Out

The 56-story Residences by Armani/Casa in Sunny Isles is a success.

Developers The Related Group and Dezer Development announced that they have paid off a $315 million construction loan funded by Wells Fargo, shortly after the tower opened.

This milestone came just a few weeks after the tower received its temporary certificate of occupancy.

“Since TCO, we’ve seen multiple closings per day” Gil Dezer, President of Dezer Development, said in a statement.

A $1 billion sellout is now said to be getting closer, with $800 million already in contract and expected to close quickly.

Dezer Signature Brands, an entity of Dezer Development, was the developer, along with Related Group. Dezer said in a press release this week that it still has a master licensing agreement with Porsche Design.

Giorgio Armani’s Armani/Casa oversaw interior design at the new tower, with architecture by César Pelli’s firm.

 

42 Comments
most voted
newest oldest
Inline Feedbacks
View all comments
Anonymous
11 months ago

It’s a beautiful classy building but I’m not crazy about the area.

Anonymous
11 months ago

Who gives a rat’s-ass about you not liking the area? Units in this building will sell like good dope because a lot of people prefer to live in Sunny Isles Beach.

Anonymous
11 months ago

*Vacation

Anonymous
11 months ago

Dirtiest beach in the city. 300 days out of the yr, it’s in the dangerous fecal category. To the person using the rat to retaliate, I guess he likes swimming in the same way his mouth rattles

The feces of the species
11 months ago

Your post is in a high fecal category.

Anonymous
11 months ago

Try dirtiest beach in the county! Dade county water & sewer dept has become a joke as Mayor Jiminez has diverted funds to his pet projects, leading to frequent sewer leaks that pollute the beaches and destroyed the bay.

Anonymous
11 months ago

I guess this dumbazz thinks beach water stays stagnant. Water flows north south east and west. If the waters along Sunny Isles Beach is full of fecal matter, then when it flows somewhere else, say, North Miami Beach, don’t you think they’re going to have the same problem numbskull?

Anonymous
11 months ago

Yes you’re absolutely right but the biggest concentration is in Sunny Isles. Surprisingly, SoFi Beach is the cleanest. Check city records.

Anonymous
11 months ago

“People prefer to live in Sunny Isles Beach” – you mean silly foreign investors who will never set foot in Sunny Isles Beach buying what their over-commissioned brokers sell them with a fancy pants designer name?

Anonymous
11 months ago

Jealous because you don’t have the money to keep up with them?

Anonymous
11 months ago

I would actually like to know how’s many “real full time residents” occupy these buildings. Most are investment properties, or a dock to park money laundered cash from Russia and SoAm.

Anonymous
11 months ago

What if you found out that 38% of all Sunny Isles Beach condos were foreign-owned and empty?
How does that change anything?

Anonymous
11 months ago

Exactly! I don’t care who’s owning and only staying in these condos only a few months out of the year, every one of them has to pay taxes to the county. These clowns who wanna knock foreign buyers are benefiting in ways they don’t understand.

Anonymous
11 months ago

I didn’t know it was illegal to buy a 2nd or 3rd home and just use it whenever your heart desires. Oh well, I guess some people are just touchy about everything. I guess now we also have to dictate how to spend your money.

Gomez
11 months ago

I guess you must live on Palm Beach on billionaires row.

Afi K. James
11 months ago

the dezer’s know how to make shiny classy skyscrapers and this is so cool.

Anonymous
11 months ago

The lack of parking podium is refreshing.

Anonymous
11 months ago

How much profit ?

Anonymous
11 months ago

Enough for Dezer to buy a few more exotic cars and Perez some more art.

Anonymous
11 months ago

haha nice one there.

Anonymous
11 months ago

The reflective glass looks great, very similar to the rendering. Something you don’t see often.

Anonymous
11 months ago

A twin version of this on the Villa Magna site would be beast.

Anonymous
11 months ago

Miami winning …. Miami winning!!!!

Anonymous
11 months ago

Isn’t this in Sunny Isles?

Anonymous
11 months ago

Miami whining!!!!!

Anonymous
11 months ago

Yeah, Sunny Isles gets something like the Porsche tower while Miami gets (gulp), Natiivo.

Anonymous
11 months ago

It is all metropolitan Miami.

Anonymous
11 months ago

How much for one of those units in the place next door ? 😉

Anonymous
11 months ago

Do some research and find out.

Whew.. I said before and I’ll say it again, “people with smart phones are some of the dumbest people I’ve ever seen.”

Anonymous
11 months ago

The answer IS…. only 1 has sold (for 150k) since 12/2017 because Dezer owns the majority. LMAO

Anonymous
11 months ago

Smart

Anonymous
11 months ago

I used to live in the 2 story building directly to the north……paid $500/mo 20+ years ago…no view from the unit but I could go straight from the unit to the beach sand no shoes no shirt. I now live in a hi-rise oceanfront a few miles north and man do they frown on the no shoes no shirt thing in the elevators and lobby.

Anonymous
11 months ago

As well they should. Class up your act.

Anonymous
11 months ago

Why?.. he’s paying the cost.

Anonymous
11 months ago

Had a 25 year old hot Columbian princess who would ride the elevators in her bikini top and one of the 80 year old board members griped. “Class up your act”====”haven’t had sex in 20 years”.

Anonymous
11 months ago

By the way, you misspelled Colombian.

Anonymous
11 months ago

Who GAF? Her rack looked fantastic.

Anonymous
11 months ago

Sounds like he was raised in a barn.

Anonymous
11 months ago

Sounds like you are still being raised. Maybe one day you’ll become a functioning adult.

Anonymous
11 months ago

^ He or she is a Mormon.

Anonymous
11 months ago

Not a Mormon, but a prude moron.

Anonymous
11 months ago

Not bad!