Gil Dezer, Related complete Residences by Armani/Casa

Sunny Isles tower was the last project designed by César Pelli, who died in July

TRD MIAMI /
Dec.December 03, 2019 12:30 PM
Rendering of Residences by Armani/Casa, Jorge Pérez and Gil Dezer

Rendering of Residences by Armani/Casa, Jorge Pérez and Gil Dezer

Residences by Armani/Casa in Sunny Isles Beach scored its temporary certificate of occupancy, and closings are expected to begin this week, The Real Deal has learned.

Gil Dezer, CEO of Dezer Development, said the 308-unit luxury condominium tower at 18975 Collins Avenue received its TCO on Friday, and closings are scheduled to begin this Friday. He expects 30 to 40 closings by January. Residences by Armani/Casa has presold about 270 units or 87 percent, he said.

The tower is a joint venture between Dezer Development, the Related Group and the Armani Group. It is the first Armani/Casa-branded building in the United States.

It was designed by César Pelli, the internationally known architect who created the Adrienne Arsht Center for the Performing Arts in Miami. It was the last project he designed before his death in July, Dezer said.

Units range in size from 1,350 square feet to 4,700 square feet. Condos are priced from $1.6 million to more than $17 million for the Giorgio Armani-furnished penthouse that comes with a trip to Italy to meet Armani.

“There’s nothing like it in Miami,” Dezer said. “We went crazy on this one. We spent a lot of money here and you can see it.”

Every design feature, from light fixtures to furniture was custom designed by Armani. “It’s a true one-off, one of a kind, never to be repeated again,” Dezer said. The Armani design team is in town, putting finishing touches on the project, he added.

The developers broke ground in 2016 and secured a $305 million construction loan. That year, the project also opened a $10 million sales center.


Related Articles

arrow_forward_ios
Bella Apartments at 225 179th Drive (Credit: Google Maps)

Investor buys Sunny Isles apartments

Hyde Beach House Resort & Residences, Carlos Rosso and Drew Sims

Sotherly closes on acquisition of Hyde Beach House hotel space

Jorge Perez and the development site

Related buys dev site in downtown Fort Lauderdale

Jorge Perez and New River Yacht Club III

Related Group nabs $48M loan for downtown Fort Lauderdale apartments

From left: Jorge Perez, Alex Karakhanian, Scott Sherman and Ben Mandell, with The Dorsey rendering

The Dorsey project in Wynwood wins design approval

Joseph Milton and Parque Towers

Judge says Parque Towers developer mismarketed condo size

Gil Dezer and Days Hotel by Wyndham Thunderbird Beach Resort

Dezer wins height approval for Sunny Isles’ tallest condo tower

Related Group building at 315 Biscayne Boulevard and Jorge Pérez (Credit: Google Maps)

Related Group lists downtown Miami HQ

arrow_forward_ios
Loading...