The Real Deal Miami

PHOTOS: On the scene at the Ritz-Carlton Residences Miami Yacht Week party

Lionheart closed on $95 million in construction financing in August

February 24, 2016 11:15AM

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Lionheart Capital hosted an event during Miami Yacht Week earlier this month at the sales gallery for the Ritz-Carlton Residences, Miami Beach.

When completed this winter, the luxury condo development will feature 36 private docks and an on-site VanDutch 40-foot day yacht for residents. In August, Lionheart closed on $95 million in construction financing, bringing the total to $105 million. The residences, designed by Piero Lissoni, will include 111 condominium units and 15 single-family villas. Square footage for the condos and villas will range from 1,700 square feet to more than 11,000 square feet. Prices range from $2 million to $40 million.

Amenities will include an in-house art studio, private spa treatment suites, steam rooms and a sauna, a meditation garden, indoor and outdoor yoga studios, an on-site captained day yacht, private boat dockages and a gym. Premier Sales Group and One Sotheby’s International Realty are the exclusive sales agents for the property.

Lionheart partnered with Robb Report and JetSmarter for the event. – Katherine Kallergis and Sean Stewart-Muniz