Russian developer taps Compass to take over sales of Aurora condo tower in Sunny Isles

61-unit building is about 70 percent sold

Miami /
Jul.July 13, 2021 06:00 PM
Compass took over sales of Verzasca Group’s Aurora condo tower in Sunny Isles Beach.

A rendering of Aurora at 17550 Collins Avenue with Beth Butler (Compass Development)

Compass is taking over sales of Verzasca Group’s condo tower under construction in Sunny Isles Beach.

The developer, led by managing director Tim Lobanov, tapped the brokerage to handle sales and marketing of the remaining 30 percent of units at Aurora, a non-waterfront 17-story building on the west side of Collins Avenue, according to a press release.

The 61-unit building, at 17550 Collins Avenue, has been in the works for nearly six years. It launched sales in late 2015 and is expected to be completed in about six months.

Sales were handled in-house before Verzasca tapped Compass, according to a spokesperson. Prices for the remaining units range from $1.2 million to more than $3 million. The two- and three-bedroom units range from 1,385 square feet to more than 2,150 square feet. Units feature 10-foot ceilings and floor-to-ceiling windows.

Lobanov said in a statement that the developer is looking to tap out-of-state domestic buyers, especially from the Northeast and California.

The building was designed by Revuelta Architecture International with Interiors by Steven G. Amenities include a resort-style pool, sun decks with cabanas, a fitness center, indoor and outdoor yoga lounges, a Hammam spa and a children’s playroom.

In February, Verzasca Group’s Le Jardin Residences, a boutique condo project in Bay Harbor Islands, avoided foreclosure when a federal bankruptcy judge approved its bankruptcy plan, allowing the developer to move forward with selling units.

In addition to Lobanov, the Bay Harbor Islands-based development firm is led by president and former NHL player Darius Kasparaitis. It also has projects in Russia and Europe.






    Related Articles

    arrow_forward_ios
    The highest sale last week was a $17 million penthouse at Porche Design Tower (Porche)
    Weekly condo sales dollar volume rises, led by $17M closing at Porsche Design Tower
    Weekly condo sales dollar volume rises, led by $17M closing at Porsche Design Tower
    (Jade Signature)
    Flip at Jade Signature leads weekly condo sales in Miami-Dade
    Flip at Jade Signature leads weekly condo sales in Miami-Dade
    DLocal founder Andres Bzurovski with the Porsche Design Tower penthouse (DLocal)
    Uruguayan fintech billionaire buys penthouse at Porsche Design Tower
    Uruguayan fintech billionaire buys penthouse at Porsche Design Tower
    Alina Residences in Boca Raton (Alina Residences)
    El-Ad scores $53M construction loan for Alina Residences in Boca Raton
    El-Ad scores $53M construction loan for Alina Residences in Boca Raton
    Fadia Bassi and Tyler Reynolds (Getty)
    Movers & Shakers: Cushman taps former JLL vice president as managing director & more
    Movers & Shakers: Cushman taps former JLL vice president as managing director & more
    La Costa condo building and Mast Capital Princial Camilo Miguel Jr (Mast, Douglas Elliman)
    Oceanfront Miami Beach condo ordered evacuated following bulk buyout deal
    Oceanfront Miami Beach condo ordered evacuated following bulk buyout deal
    Guillermo Lasso and the Asia Brickell Key condo in Miami
    Ecuadorian president’s alleged Florida real estate ties raise questions
    Ecuadorian president’s alleged Florida real estate ties raise questions
    The Penthouse at Mansions at Acqualina has two grand salons and a covered terrace with a pool.
    Developer sells Mansions at Acqualina penthouse in Sunny Isles Beach for $27M
    Developer sells Mansions at Acqualina penthouse in Sunny Isles Beach for $27M
    arrow_forward_ios

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

    Loading...