Pordes Residential takes over sales at Daytona condo

The development work-out firm will market the 175 unsold units at Marina Grande on the Halifax

Marina Grande on the Halifax in Daytona Beach
Marina Grande on the Halifax in Daytona Beach

Two investment funds selected development work-out firm Pordes Residential to complete the sellout of a condominium project in Daytona Beach.

Pordes, led by CEO Mark Pordes, took over sales and marketing for Marina Grande on the Halifax, a Daytona Beach condo where 175 of the 486 units remain unsold. The two 26-story condo buildings have views of the Halifax River and Atlantic Ocean.

Last month, Pordes took over sales and marketing for the 41-unit Bijou Bay Harbor condominium at 9521 East Bay Harbor Drive in Bay Harbor Islands.

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The track record at Pordes includes running sales and marketing of 350 unsold units at the Canyon Ranch Miami Beach condo development for investment banker Lehman Brothers. From 2010 to 2013, all residential and condo-hotel units were sold.

At a condo development in Las Vegas called Veer Towers, Podres and an equity partner bought 427 unsold units from MGM International and found buyers for all but 14 of the units. — Mike Seemuth