The Real Deal Miami

TRD insider interview: George Mato talks Ritz-Carlton Miami Beach

Newest development is 60-percent sold

May 11, 2015 10:30AM

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George Mato, vice president of sales for Ritz-Carlton Residences Miami Beach, met up with The Real Deal’s Managing Editor Ina Cordle during the magazine’s Broward Real Estate Forum & Showcase to talk about his latest project in Miami Beach.

Ritz-Carlton Residences Miami Beach, a luxury residential development, will offer all the amenities of a Ritz-Carlton hotel, which Mato describes as “lock and leave” convenience. More than 60 percent of the project’s planned 111 residences and 15 stand-alone villas have been sold.

Mato said the project’s Mid Beach location — on the site of the former Miami Heart Institute — is “next to nothing, but close to everything.” As far as who’s buying into the project, he said a lot of local homeowners from areas like North Bay Road are giving up houses in favor of the convenience of a condo.

The forum was held at the Design Center of the Americas in Dania on April 23. It featured two panels: a discussion about foreign investors’ role in the future of South Florida’s real estate market, and the evolution of Broward County as a development and housing hot spot.

Watch the behind-the-scenes interview here:

— Sean Stewart-Muniz