Ground floor of Aurora condo sells for $5.5 million

Verzasca Group got $1,022 per square foot for the commercial space at the Sunny Isles Beach development

TRD MIAMI /
May.May 14, 2017 12:00 PM

Verzasca Group closed a $5.5 million pre-construction sale of the ground-floor commercial space at the developer’s Aurora condominium development in Sunny Isles Beach.

Verzasca, which expects to start construction of the 61-unit condo building this summer, sold the 5,382-square-foot commercial space on the ground floor to an unidentified buyer for $1,022 per square foot.

Alex De Leon of Fortune International Realty represented the buyer in the transaction. John Warsing, the director of sales for the Aurora development, represented the developer.

“We are thrilled to complete this commercial sale in advance of commencing vertical construction at Aurora,” Verzasca’s managing director Tim Lobanov said in a prepared statement. “This transaction shows that the demand for Sunny Isles real estate transcends the residential sector.”

Verzasca is marketing the condo development’s two- and three-bedroom units at prices starting in the $900,000s. The units range in size from 1,385 square feet to more than 2,150 square feet.

The developer will build Aurora on the former site of a Denny’s restaurant at 17750 Collins Avenue, the first major Sunny Isles Beach development west of Collins Avenue in more than a decade.


Related Articles

arrow_forward_ios
Vladislav Doronin (Credit: Gesi Schilling via Wikipedia)

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Seth Wise, Co-CEO of The Altman Companies, Altís Ludlam Trail

Altman scores $55M construction loan for Ludlam Trail project

Altman scores $55M construction loan for Ludlam Trail project
Joseph Swedroe (Corcoran, iStock)

Corcoran agent in Miami loses job over “racist and fear-based” marketing

Corcoran agent in Miami loses job over “racist and fear-based” marketing
Vanessa Grout with Vladislav Doronin

Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm

Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm
Rendering of the project with Jon Paul Pérez (top) and Jorge Pérez 

Related switches gears on Terminal Island project, now plans low-rise offices

Related switches gears on Terminal Island project, now plans low-rise offices
Edgardo Defortuna and a rendering of La Playa de Varadero

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
Richard Branson (Credit: Virgin, Cindy Ord/Getty Images)

Virgin Trains seeks $350M to build five stations in Miami-Dade

Virgin Trains seeks $350M to build five stations in Miami-Dade
Easton Group picks up land in Hialeah Gardens for $8M

Easton Group picks up land in Hialeah Gardens for $8M

Easton Group picks up land in Hialeah Gardens for $8M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...