The Real Deal Miami

Dezer has 80% of Porsche units under contract

Presales total $624 million at Sunny Isles Beach project

December 20, 2013 01:30PM

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Porsche Design Tower robotic lift rendering

Porsche Design Tower robotic lift rendering

Dezer Development now has 80 percent of Porsche Design Tower’s units under contract.

Gil Dezer’s company has registered $624 million in sales for the luxury Sunny Isles Beach condo project, exMiami reported. Plans call for 132 units in a 60-story tower at 18555 Collins Avenue. The building’s residences range in size from 4,800 to 17,000 square feet and remaining units are priced from $4.8 million to $32.5 million.

Dezer landed a $214 million construction loan from Wells Fargo for Porsche Design Tower in September. The financing was the largest for a post-recession condo project in South Florida. [exMiami]Eric Kalis

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