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
    Joseph Chetrit with Hollywood Beach Resort (Getty, Google Maps)
    Investor alleges Chetrit cut it out of Hollywood Beach deal
    Investor alleges Chetrit cut it out of Hollywood Beach deal
    From left: Kimber's Leslie Edelman and developer Jules Trump along with a rendering of the Estates at Acqualina (Getty, Trump Group, Facebook/USA Shooting)
    Kimber gunmaker buys Estates at Acqualina condo for $21M
    Kimber gunmaker buys Estates at Acqualina condo for $21M
    Z Capital’s James Zenni Jr. with Carillon Miami Wellness Resort at 6801 Collins Avenue (LinkedIn, Google Maps, Eleventh Circuit Court)
    Z Capital slapped with $16M verdict in Carillon Miami Beach lawsuit
    Z Capital slapped with $16M verdict in Carillon Miami Beach lawsuit
    Fisher island, Continuum South Tower, Estates at Acqualina and rendering of Ritz-Carlton Residences (Google Maps, Ritz-Carlton)
    Miami-Dade condo sale prices continue to dip in November
    Miami-Dade condo sale prices continue to dip in November
    BitPay's Stephen Pair with SeaGlass Jupiter Island (BitPay, Google Maps, Getty)
    BitPay CEO buys SeaGlass condo on Jupiter Island
    BitPay CEO buys SeaGlass condo on Jupiter Island
    A photo illustration of Venezuelan ex-Supreme Court justice Carmen Porras (Getty, Supreme Court of Justice)
    Ex-Venezuelan judge, Chavez supporter turns to Miami real estate
    Ex-Venezuelan judge, Chavez supporter turns to Miami real estate
    Continuum South Tower at 100 South Pointe Drive in Miami Beach (Google Maps)
    Continuum closing tops Miami-Dade’s weekly condo sales
    Continuum closing tops Miami-Dade’s weekly condo sales
    Dion De Cesare with 900 North Congress Avenue (Google Maps, Broward County, Getty)
    Criminally charged ex-West Palm club owner’s properties face forfeiture
    Criminally charged ex-West Palm club owner’s properties face forfeiture
    arrow_forward_ios

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

    Loading...