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
1 year ago

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

Anonymous
1 year 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
1 year ago

*Vacation

Anonymous
1 year 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
1 year ago

Your post is in a high fecal category.

Anonymous
1 year 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
1 year 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
1 year ago

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

Anonymous
1 year 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
1 year ago

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

Anonymous
1 year 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
1 year 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
1 year 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
1 year 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
1 year ago

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

Afi K. James
1 year ago

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

Anonymous
1 year ago

The lack of parking podium is refreshing.

Anonymous
1 year ago

How much profit ?

Anonymous
1 year ago

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

Anonymous
1 year ago

haha nice one there.

Anonymous
1 year ago

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

Anonymous
1 year ago

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

Anonymous
1 year ago

Miami winning …. Miami winning!!!!

Anonymous
1 year ago

Isn’t this in Sunny Isles?

Anonymous
1 year ago

Miami whining!!!!!

Anonymous
1 year ago

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

Anonymous
1 year ago

It is all metropolitan Miami.

Anonymous
1 year ago

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

Anonymous
1 year 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
1 year ago

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

Anonymous
1 year ago

Smart

Anonymous
1 year 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
1 year ago

As well they should. Class up your act.

Anonymous
1 year ago

Why?.. he’s paying the cost.

Anonymous
1 year 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
1 year ago

By the way, you misspelled Colombian.

Anonymous
1 year ago

Who GAF? Her rack looked fantastic.

Anonymous
1 year ago

Sounds like he was raised in a barn.

Anonymous
1 year ago

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

Anonymous
1 year ago

^ He or she is a Mormon.

Anonymous
1 year ago

Not a Mormon, but a prude moron.

Anonymous
1 year ago

Not bad!