Ritz-Carlton Singer Island sells $25 million in 45 days

The Ritz-Carlton Residences on Singer Island has sold $25 million worth of units in the last 45 days, the project announced today. That brings the development to 70 percent sold, led by increased interest from Canadian and Norwegian buyers. Premier Sales Group is marketing the property, which is a development of Lionheart Capital. The Ritz-Carlton reached the $100 million sales mark last July. Lionheart, which is developing the site of the Miami Heart Institute in Miami Beach, rebranded the former 2700 North Ocean project as a Ritz-Carlton. —Alexander Britell