Cutler Bay axes Edgardo Defortuna’s plans for single-family development

Fortune International Group wanted to build 29 single-family homes on an 8.4-acre site

Miami /
Nov.November 18, 2019 09:45 AM
Edgardo Defortuna, an aerial of 18551 Old Cutler Road, and renderings of the project (Credit: Google Maps)

Edgardo Defortuna, an aerial of 18551 Old Cutler Road, and renderings of the project (Credit: Google Maps)

Edgardo Defortuna’s 16-year plan to build a new development along Biscayne Bay in Cutler Bay was shot down by the town council.

Defortuna, who leads Fortune International Group, sought to build 29 single-family homes on an 8.4-acre site south of Southwest 184th Street. The plan received heavy opposition from environmentalists and neighbors over concerns about traffic and wetland protection.

Defortuna’s subsidiary, Cutler Properties, initially purchased a 138-acre property in 2003. The development group was seeking to build 341 residential units as part of a mixed-use project on 40 acres and then would preserve the 93.15 acres bordering Biscayne Bay. The site, however, was never approved for an environmental permit by the South Florida Water Management District and the development group had to change its plans.

Cutler Properties then filed a lawsuit in 2008 against the water district but settled and agreed to only build on 8.4 acres. In 2016, the development group had to change its plans from a mixed-use project to low-rise, single-family homes. Ultimately, the plan was denied by the council in a 4-1 vote on Wednesday, according to Cutler Bay’s town clerk.

Fortune International Group declined to comment through a spokesperson.

Fortune International Group’s recent and current developments include condo projects such as Jade Ocean and the Ritz-Carlton Residences in Sunny Isles Beach, along with the Class-A office tower 1200 Brickell in Miami.

Cutler Bay in south Miami-Dade County is seeing more interest from developers. The homebuilder Lennar Corp. recently paid $19.5 million for a 58-acre lot near Southwest 104th Avenue.

Earlier this year, a Midtown Miami developer paid $7 million for the 39,000-square-foot Toys “R” Us building at 19525 South Dixie Highway in Cutler Bay.


Related Articles

arrow_forward_ios
From left: Edgardo Defortuna, Stephen Ross and Gil Dezer (The Related Companies, Fortune International Group, Dezer Development, iStock)
Brokers, developers rally to capture Formula 1 buyers during first Miami Grand Prix
Brokers, developers rally to capture Formula 1 buyers during first Miami Grand Prix
From left: Edgardo Defortuna of Fortune International Group; Marcelo Tenanbaum and Jorge Savloff of Blue Road; along with a rendering of Nexo (Elephant Skin, Blue Road)
Blue Road, Fortune launch short-term rental-friendly condo project in North Miami Beach
Blue Road, Fortune launch short-term rental-friendly condo project in North Miami Beach
Château, Fortune launch sales of two-tower St. Regis in Sunny Isles after sellout of nearby project
Château, Fortune launch sales of two-tower St. Regis in Sunny Isles after sellout of nearby project
Château, Fortune launch sales of two-tower St. Regis in Sunny Isles after sellout of nearby project
Eduardo Cofresi, Edgardo Defortuna and Luciene Cofresi
Cofresi Group joins Fortune International from Dezer Development
Cofresi Group joins Fortune International from Dezer Development
Ricardo Dunin, Edgardo Defortuna and renderings of the Ritz-Carlton Residences Pompano Beach (Getty, The Ritz-Carlton Residences, Pompano Beach)
Edgardo Defortuna, Ricardo Dunin launch Ritz-Carlton Residences in Pompano Beach
Edgardo Defortuna, Ricardo Dunin launch Ritz-Carlton Residences in Pompano Beach
From left: Francisco Llado, Gil Dezer, Amir Korangy, Paulo Bacchi, Edgardo Defortuna, Jay Parker, Daniel de la Vega (Artefacto, Getty)
Is Miami’s residential architecture overplayed? No way!: TRD panel at Artefacto
Is Miami’s residential architecture overplayed? No way!: TRD panel at Artefacto
Shahab Karmely, Edgardo Defortuna and Kieran Bowers with Reach and Rise (Getty)
Shahab Karmely, Edgardo Defortuna team up on bulk condo buy at Brickell City Centre
Shahab Karmely, Edgardo Defortuna team up on bulk condo buy at Brickell City Centre
Edgardo Defortuna and the site (Courtesy of Fortune)
Fortune International Group buys waterfront Pompano Beach site for $28M
Fortune International Group buys waterfront Pompano Beach site for $28M
arrow_forward_ios

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

Loading...