The Real Deal Miami

Fortune pays $22 million for Sunny Isles site

April 19, 2012 12:00PM

A 2.2-acre site in Sunny Isles Beach has been purchased by a Fortune International Realty affiliate for $22 million, the South Florida Business Journal reported. The tract is the site of the stalled Paramount Beach condominium. The purchaser was Sunny Isles Beach Associates, an affiliate of Edgardo Defortuna’s Fortune International Realty. The seller was a company managed by Carlos Mattos, a former Colombian senator. [SFBJ]