The Real Deal Miami

Ritz-Carlton Singer Island reaches 80 occupancy

March 22, 2013 03:00PM

The Ritz-Carlton on Singer Island

The Ritz-Carlton Residences in Singer Island has reached 80 percent occupancy, with a total sales volume of $162 million to date, the condominium announced today. In January, the building reported $25 million in sales in just 45 days.

The Lionheart Capital-developed property has also paid off its $86 million loan to a consortium of banks led by Fifth Third Bank, a statement said. Unit prices in the building range from $700,000 to $10 million. —Christopher Cameron