If you've been watching the South Florida luxury market — and if you're reading this, you likely are — here's a milestone worth noting: Fortune International Group and Château Group have officially closed a $113.75 million land loan for the North Tower at The St. Regis Residences, Sunny Isles Beach. The financing was arranged through Berkadia Miami and provided by City National Bank of Florida, one of the region's most respected institutional lenders.
This isn't just a headline number. It's a clear signal that institutional capital continues to back South Florida's super-prime residential segment — and that the appetite for oceanfront, branded luxury in Sunny Isles Beach shows no signs of cooling.
A Two-Tower Enclave Taking Shape
The St. Regis Residences, Sunny Isles Beach is one of the most significant luxury developments currently rising along the Florida coastline. The project spans approximately 435 linear feet of direct Atlantic frontage — the most of any residential community currently under construction in the region — and encompasses more than 70,000 square feet of integrated amenities. Think two signature restaurants, a full-floor oceanfront spa, resort-style pools, and a comprehensive wellness and lifestyle program, all delivered under the St. Regis standard of service.
The South Tower — comprising 170 residences and designed by the iconic firm Arquitectonica — is nearing sell-out and on track for a 2028 completion. Construction is well underway under the supervision of Coastal Construction. With that momentum firmly established, the North Tower (150 residences) is now set to break ground this summer.
What the Financing Signals
Securing a development loan of this scale in the current capital markets environment is not a given. It requires a sponsor team with a proven track record and the credibility to inspire lender confidence — and Fortune International Group and Château Group have both in abundance. The Berkadia team noted that the developers' long-term understanding of the Sunny Isles Beach market, including the original site acquisition more than a decade ago, was central to the successful close.
City National Bank's leadership echoed that sentiment. Their decision to back the North Tower reflects not just confidence in the asset, but in the people behind it — a relationship built on years of aligned execution.
For Buyers: What This Means Right Now
If you've been considering a residence here, this financing milestone reinforces the development's stability and forward momentum. The South Tower is nearly sold out. The North Tower is launching into construction with strong institutional backing. And with remaining residences priced from approximately $5 million, the window for choice at this address is narrowing.
Thinking About Sunny Isles Beach?
As a luxury real estate specialist, I have deep knowledge of the new development pipeline shaping Sunny Isles Beach and the broader Miami market. Whether you're exploring The St. Regis Residences or looking for the right fit among the area's most compelling offerings, my team and I are here to help you navigate with clarity and confidence.
Reach out directly at [email protected] to start the conversation.
