The Real Deal Miami

SLS Lux closes on $300M in sales

Miami condo project set to break ground later this year
August 15, 2014 01:00PM

The SLS Lux sales office

The SLS Lux sales office

SLS Lux, 450-unit luxury condo and hotel building that will break ground later this year in downtown Miami, has closed $300 million is sales in 10 days as 150 reservations become contracts.

“We’re seeing buyers, especially from Latin America, extremely receptive to the SLS residences and designer suites’ model and style,” Carlos Rosso, president of condominium development at the Related Group, which is developing the building with the Allen Morris Company.

SLS Lux is expected to break ground in the fourth quarter of 2014 near Brickell City Centre. It will feature amenities such as private residential elevators, tennis and fitness center, rooftop pool, wine cellar and cigar room. – Christopher Cameron