BACK TO NEWS September 30, 2025 14 Months Of Inventory Puts Miami’s Condo Market On Edge Developers are tapping the brakes on new condo sites in South Florida, wary of mounting inventory levels across the market. Bisnow/Chloe Gallivan BMO Commercial Bank’s Shawn Oden, Two Roads Development’s Taylor Collins, The Baldwin Group’s Alyssa Demartino, Brix Funding’s Craig Robbie and The Calta Group’s Gaetano Caltagirone. A September Miami Realtors report shows Miami-Dade has 14 months of condo inventory, more than twice the six-to-nine months seen as balanced. The excess is already making developers pump the brakes, they said at Bisnow’s Miami State of the Market event Thursday. “That’s a lot of inventory,” Two Roads Development partner Taylor Collins said on stage at the Waterford Business District. “So, sitting there and going like, ‘Oh, I’m gonna go do another luxury condo that’s gonna add more inventory,’ it’s difficult.” Bisnow/Chloe GallivanPomerol Partners’ John Fitzgerald, Trunk Tools’ Brandon Ramsey, Suffolk Construction’s Siddharth Kothari and Suffolk Construction’s Isabella Ramos.   Even after the Federal Reserve trimmed rates by 25 basis points last week, Collins said Two Roads remains cautious: Elevated borrowing costs and South Florida’s pricey construction, labor and insurance environment make new land buys tough to justify. To sidestep years of carrying costs, developers are steering clear of South Florida acquisitions until inventory levels normalize, Collins said.  “Buying something on the ocean and saying, ‘Hey, I’m not going to start this for three years,’ the burn rate on that money to carry that property will eat all your profits,” Collins said. Bisnow/Chloe GallivanLevy Public Relations and Events’ Claudia Moreno, Becknell Industrial’s Robert Richter, Vertical Development’s Fernando De Nuñez Y Lugones, Turnberry’s Aly Khan Merali, Property Tax Alliance Group’s Tim Hart and Marsh’s Matthew Maffai.   Miami’s condo inventory surged 25% over the past year, with listings up from 10,094 to 12,637 in August, according to the report.  According to its website, despite the slowdown, Two Roads has projects in the works, including the 56-unit Rivage Residences Bal Harbour with Related Group, Rockpoint and Witkoff Group — and the under-construction 185-unit, 55-story Edition Residences. They’re among 37 condo projects in the works across the region, expected to add over 9,000 units, according to the report. “I think that you look at the pipeline and it can feel scary, because there’s so many projects coming up,” The Continuum Co. President Allie Eichner said. “There will be winners and losers here. nNt everyone is going to win in this cycle.” Bisnow/Chloe GallivanCohnReznick’s Emily Butler, Prosper Group’s Jay Roberts, The Continuum Co.’s Allie Eichner, CMC Group’s Christine Martinez De Castro, Mawd’s Elliot March and RSP Architects’ Andrew Burnett.Much of the excess supply stems from older condos hitting the market after Gov. Ron DeSantis signed Senate Bill 4-D in 2022. The law forces buildings 30 years or older and three stories or taller to complete structural inspections every decade and maintain reserves, with a deadline of Dec. 31.  The result has been a condo market “doom loop” — units saddled with repair costs, dwindling values, higher association fees and soaring insurance premiums. Bisnow/Chloe GallivanAltman Logistics Properties’ Mark Levy, Neology Life Development Group’s Lissette Calderon, Nuveen Real Estate’s Charles Russo, BH3 Management’s Daniel Lebensohn, Property Markets Group’s Ryan Shear, FirstService Residential’s Robert Smith and Greenberg Traurig’s Iris Escarra.  Older condos are taking longer to move — a median 106 days versus 87 a year ago, Miami Realtors found — while Fannie Mae is increasingly blacklisting them from loan backing, The Miami Herald reported. That backdrop, Collins said, distorts the inventory picture but still spooks lenders and investors who only see oversupply. “The 14 months is skewed, but it’s also a data point that we kind of see from, call it, a micro-level,” Collins said. “The banks don’t see it like that, so when you go off and try to talk to a bank, they’re sitting there going, ‘Hey, there’s 14 months’ worth of inventory here, what are you doing?’” Bisnow/Chloe GallivanBh Group’s Isaac Toledano, Swerdlow Group’s Michael Liu, Taubco’s Laura Tauber, Rpc Holdings’ Dan Kodsi, Baron Property Group’s Matthew Baron and Gunster’s Mario Garcia-Serra  As Two Roads waits out the market, some rivals are pressing ahead. Calta Group President Gaetano Caltagirone said that even with obstacles like financing, sales and politics, developers can’t simply sit on the sidelines. “It’s hard for any of us to kind of sit and say, ‘You know what, I’m not going to do anything right now for a couple of years,’” Caltagirone said. “There’s not many people who arethat privileged to do that. You have to be dynamic. You have to adjust the market that you see and just make sure that you can survive whatever’s in front of you.” Source: bisnow.com Explore and Assess Investment Opportunities Tap into our expertise, connect with our team today By subscribing you are agreeing to Vertical Developments Privacy Policy. You can unsubscribe from Vertical Developments, LLC. emails at any time by clicking the “Manage your Subscriptions” link in any of your emails.

BACK TO NEWS September 2, 2025 Who’s buying new condos in Miami? How Latin American politics drives demand For the major players in Miami’s real estate market, the big event this August isn’t in South Beach, Brickell, or even Florida. It’s a two-day expo in Buenos Aires. Many of the newest towers rising along Biscayne Bay are pitched and pre‑sold in Bogotá or Brasília before most prospective buyers in Miami have even seen a rendering. Despite the ongoing turmoil over immigration policy in the United States, Latin American buyers are still a predominant force in Miami’s housing market, especially when it comes to new construction. A report from the Miami Association of Realtors pooled data to track sales of new construction. The study analyzed nearly 10,000 sales across 18 months in South Florida and found that nearly half went to international buyers. Miami remains the No. 1 city in the United States for foreign homebuyers, and given the area’s deep, long‑standing ties to Latin American immigration and culture, it’s no surprise that most of those buyers come from south of the border. Still, the data collected by the realtors organization underscores just how dominant Latin American money is in the local market. Upper-class Latin Americans hoping to move to Miami or purchase a second home in the U.S. are certainly part of that trend in the data. But experts said that the market for pre-construction is especially dominated by wealthy Latin Americans who are probably more interested in moving their money than their families. Those buyers see a stable and lucrative investment in Miami’s real estate. Within the nearly half of all new‑construction sales in South Florida that went to foreign buyers, roughly 9 out of 10 were purchased by Latin Americans. And in certain parts of the city — like downtown or Coconut Grove — Latin Americans account for virtually all international buyers. Eddie Blanco, chairman of the board of the Miami Association of Realtors, told the Miami Herald that the new report is the first analysis of its kind, made possible through a collaboration among developers willing to share their sales data. The numbers showed that foreign investors — overwhelmingly from Latin America — account for an outsized share of pre‑construction condo sales. Blanco said the data confirmed a trend he had long suspected. “We already have a very Latino flavored area, similar climate, language and food, plus Miami’s low taxes and a business-friendly environment,” Blanco said. “Latin America has an appeal for all of South Florida — it aligns with the culture and lifestyle. “  Latin American politics drive investors north Industry leaders said that political and economic headwinds in Latin America are helping keep Miami near the top of the global investment map. The new report posits that Latin American demand for new housing in Miami is in part driven by a rising tide of leftist political victories in Latin America, with the report even listing 10 notable leftist governments currently in power in the region such as Claudia Sheinbaum in Mexico and Luiz Inácio Lula da Silva in Brazil. “Political and economic instability in a lot of Latin America — that drives activity in our marketplace,” Blanco said. “With a lot of Latin America facing high inflation, our rising property values keep driving demand, especially for new construction.” Although the association could not immediately provide data proving a direct link between the political shifts and capital flight to South Florida, several analysts described it as a long‑standing, common‑sense trend. “Anecdotally, we see this year after year — policy changes down South result in the flight of capital north,” Blanco said. For Latin American investors, “Miami is a safe haven, political and financially, property rights are protected and there’s a favorable investment environment,” Alicia Cervera, managing partner of Cervera Real Estate, told the Miami Herald. Political shifts in recent years in Mexico, Brazil, Colombia, Chile and other countries have prompted investors to look north, she said. Specifically, Cervera said the data showed an immediate increase in buyers in the South Florida market from Chile following the election of President Gabriel Boric and from Peru after the start of Pedro Castillo’s short-lived presidency. Both leaders ran on left-wing platforms. “When governments in Latin America go left, buyers go North,” Cervera told the Miami Herald. Another factor sustaining demand: wealthy foreign buyers’ tendency to pay entirely in cash, insulating them from rising mortgage rates. Weaker exchange rates for many Latin American currencies are also prompting those with capital to park it in U.S.‑dollar assets like Miami real estate.  How Miami developers cater to the foreign market  A focus on Latin America is key to success in the Miami market, according to Zack Simkins, the managing director of Miami-based private mortgage lender Vaster. Simkins said businesses like his thrive on Latin American clients, in part because they are “more used to a relationship‑driven economy” and appreciate an alternative to traditional banks. Simkins stressed the importance to his business of events abroad like the Expo Real Estate Argentina in Buenos Aires this August. “Latin America is where your sales and marketing have to be,” Simkins said. “If you ever take a trip down to South America, the magazines on your flight back to Miami are going to be littered with photos of South Florida real estate projects.” The CEO of South Florida real estate marketing firm ISG World, Craig Studnicky, was quoted in the report: “I have a sales team in Colombia this week. I have a sales team going to Mexico next week. We are constantly traveling to Latin America because there is clearly demand for South Florida condos.” With the dollar strong and luxury Miami condo prices rising year after year, experts agree there’s little reason to expect demand to wane anytime soon. The pitches made abroad by groups like Simkins’ and Studnicky’s are backed by a financing model tailored to offshore buyers. Miami’s pre‑construction payment model — often allowing deposits over several years — is a

BACK TO NEWS August 25, 2025 The Million-Dollar Bet of V&V Real Estate Group in the United States: From Premium Buildings to a Restaurant Chain With projected revenues this year of 800 million soles, V&V Real Estate Group has focused its business on the mass residential segment, but now seeks to begin building clinics and schools. At the same time, the company is strengthening its position in Florida, where it has launched three projects from a portfolio valued at US$1.6 billion and has entered the restaurant business. The letter V is perhaps the most special one for Víctor Arce, founder and CEO of V&V Real Estate Group. It is not only the first letter of his name, his wife Viviana’s, and his father’s—which explains the name V&V—but also the initial of his three children and of the holding’s companies. “The V was a symbol of good luck. It has always meant ‘victory,’ ‘a good outcome,’” says the executive. Arce created his company in 1996, five years after graduating in business administration, amid rampant inflation and a drought of real estate projects in Peru. Today, he leads a group made up of four companies whose business has crossed national borders: V&V Bravo, the construction arm that began diversification in 2008; V&V Comercial, in charge of performance and commercial intelligence; VYVE Inmobiliaria, a developer of affordable housing through the state program Techo Propio and the Mivivienda Fund; and Vertical Developments, the Florida-based developer founded in June 2021 in partnership with Location3 Investments. This is the first time Arce has given an interview in the 28 years since he bought his first plot of land to build an eight-unit apartment building in Casuarinas Baja. Until now, the managers of the group’s other companies had taken on that role. He now has news to share, reflecting how the business has been repositioned over the last three years and outlining plans for the future. It was precisely in 2021, on the group’s 25th anniversary, that the company took the turn that led to its current structure. That year, they decided to step away from developing homes for the A segment—buildings of 20 to 30 apartments—and move into the “mass” segment, meaning buildings of around 100 units or more. “From 2021 onward, our strategy shifted to that kind of building: 70-square-meter apartments where demand is very strong. We locate them near universities. It’s still Modern Lima, but no longer the top-tier areas,” explains Arce. He notes that what shifted the group’s strategy was Peru’s political and macroeconomic instability, the crisis of confidence during 2021, and capital flight amid the pandemic, the change of government, and the election of former president Pedro Castillo. According to the Ministry of Economy and Finance, some US$20 billion left the country between 2021 and 2022.   Photo: Karen Candiotti / Forbes Staff Profitable, but on Standby Today, the group has 14 residential projects in Lima and two in the provinces—both in Piura (one outside the city and another in Sullana, each with 1,000 homes). These projects are part of their social housing portfolio, which the group expects to expand this year with another project outside the capital (1,500 homes, potentially in Chincha or Ica). In Lima, they recently launched a project in Chorrillos benefiting from the Mivivienda Fund’s “green bond” (which rewards water and energy efficiency), and between July and November they plan to launch similar projects in Surquillo and Santa Catalina. According to Arce, the group has decided to freeze investment in offices and hotels—two real estate segments that in 2020 represented 12% and 10% of its Peruvian portfolio, respectively. In offices, the group owns two buildings: Prisma, in Magdalena, and Vértice, in Jesús María. “We located those buildings there precisely to avoid going into the premium segment and later facing demand problems. We did it when the market was strong, and everything was placed,” he says. Currently, they own and lease 50% and 40% of those buildings, respectively, with an annual return of 16%. In the hotel segment, they entered in 2016 with the purchase of land at the corner of La Paz and Ernesto Diez Canseco avenues, alongside a Chilean partner, at a time of “very good rates” and high tourist arrivals. “It was the perfect moment to build a hotel,” Arce recalls. Today, on that land they operate two hotels in Miraflores, managed by Meliá and Marriott. “We had bought another plot on Larco Avenue [for another hotel], but we didn’t go through with it. We had approved plans, but everything fell apart. It cost us a lot to cancel the contract with Marriott. We had to switch to a residential and commercial project. As a strategy, we decided: no more hotels,” he explains, noting that this decision was made in 2021 while accelerating expansion abroad.   A New Thesis In June 2021, the group planted its flag in Florida. The group’s partners—Arce, Óscar Bravo, Alonso Bravo, César Paniagua, and Nicolás Labarte—had traveled to the United States to get vaccinated against COVID-19, took the opportunity to explore the market, and decided to open a subsidiary. “At first we rented a very small office,” recalls Arce. To move the business forward, it was key to partner as co-developers with Location3 Investments, a local developer. From this alliance, Vertical Developments was born in 2021. Arce highlights several advantages of this partnership: it not only gives them access to an important network of contacts, but also shortens their learning curve in the U.S. market and, crucially, validates them with banks. “Even if we had built 100 buildings here [in Peru], it doesn’t count on our résumé,” he says, referring to the credit history required for financing in the United States. So far, Vertical Developments owns 12 plots of land in Florida and is developing three condo projects (rental buildings) in Brickell, Coral Gables, and Orlando. For the Orlando project, they partnered with a Mexican investor, and construction is already underway. In total, this pipeline is valued at US$1.6 billion through

BACK TO NEWS August 25, 2025 Avenia Interiors by FENDI Casa Unveils Stunning New Imagery Avenia Interiors by FENDI Casa has released a captivating new suite of renderings, offering an elevated look at the elegance and design that define this luxury waterfront development. The recently-released images spotlight the elegance and natural beauty woven into Avenia’s design, including: Marina View: A lush, greenery-filled vantage of Avenia’s exclusive marina—addressing a key gap in Aventura’s limited marina market for boat owners.Balcony Views: Two expansive balconies with floor-to-ceiling glass and soft neutral palettes, blending indoor comfort with scenic outdoor living.Entry View: A nature-wrapped welcome experience with greenery-covered walls, soft cream tones, and a sculptural column design.These latest visuals further emphasize Avenia’s refined aesthetic and commitment to blending nature with world-class design. From the FENDI-designed interiors to the seamless indoor-outdoor flow, Avenia is redefining luxurious living in Aventura. Rendering Credit: Avenia Interiors by FENDI Casa Source: luxuryguideusa.com Explore and Assess Investment Opportunities Tap into our expertise, connect with our team today By subscribing you are agreeing to Vertical Developments Privacy Policy. You can unsubscribe from Vertical Developments, LLC. emails at any time by clicking the “Manage your Subscriptions” link in any of your emails.

BACK TO NEWS August 25, 2025 7 Real Estate Trends That You’ll See Everywhere in 2025 As we wrap up a year defined by homeowners feeling stuck in place, professionals across the industry are forecasting 2025 real estate trends in order to better arm themselves for what lies ahead. Zooming out, both Fannie Mae and Zillow predict mortgage-rate volatility, with the former anticipating numbers above 6% throughout 2025. A result could be the “lock-in effect”—that is, homeowners staying put in homes they’d rather sell. As hard to predict as the world of real estate may be, there are still a handful of more granular trends that seem sure to define 2025. Below, AD PRO presents predictions gleaned from discussions with more than 10 real estate professionals, including agents, developers, designers, stagers, and more. The Residence, a shoppable showroom at 144 Vanderbilt in Brooklyn, was designed by General Assembly with products from their retail outfit, Assembly Line. William Jess Laird The model-apartment-as-showroom model will continue its upswing Certain brands and designers—like Radnor and FrenchCalifornia—have been putting a showroom spin on model residences for years. But in 2024, what began as a slow trickle of new showrooms as model apartments has turned into a steady stream. And from what we’ve heard, there’s likely to be a lot more where that came from in 2025. Some of the best recent examples we’ve seen are in New York City: the Artemest penthouse at The Greenwich by MAWD, FrenchCalifornia and design brand L’Objet’s collab at 212 West 72nd Street, and General Assembly’s two-floor unit (with items from their shop, Assembly Line) in 144 Vanderbilt. These spaces offer a more defined vision of life in the new developments than a typical model residence, and are shoppable, adding another level of turnkey convenience for new residents as they undergo the complicated process of decorating their new home. “For us, it is about creating an immersive environment that extends the ethos of whichever project the unit is within,” says project manager Josh Bransky of Tankhouse, the developer behind 144 Vanderbilt. “Using the interior design of a model residence as a platform to sell furnishings and pieces allows us to align all of our incentives and reach a new yet relevant audience. It also enables us to work with a wider scale of designers and fabricators who might not normally be able to operate in this space.”   Source: architecturaldigest Explore and Assess Investment Opportunities Tap into our expertise, connect with our team today By subscribing you are agreeing to Vertical Developments Privacy Policy. You can unsubscribe from Vertical Developments, LLC. emails at any time by clicking the “Manage your Subscriptions” link in any of your emails.

BACK TO NEWS June 4, 2025 Recognition for Business Excellence Víctor Arce Mendoza, Honored with the 30 Tumi USA Award – 2025 We are pleased to announce that Mr. Víctor Arce Mendoza, a distinguished member of our business community, has been selected as the recipient of the Business Excellence Award of the XXX Tumi USA Award – 2025 for the State of Florida, in the category of: “ENTREPRENEUR” This recognition is granted by the Board of Directors and the Evaluation Committee of the Tumi USA Award, who have acknowledged his career, commitment, and contribution to the economic and social development of the state. Source: tumiusa.org Explore and Assess Investment Opportunities Tap into our expertise, connect with our team today By subscribing you are agreeing to Vertical Developments Privacy Policy. You can unsubscribe from Vertical Developments, LLC. emails at any time by clicking the “Manage your Subscriptions” link in any of your emails.

BACK TO NEWS March 25, 2025 Urban Network Capital Group Celebrates Groundbreaking of Phase III at Visions Resort & Spa in Kissimmee, Florida This milestone marks an exciting expansion in the resort’s development, promising to redefine vacation accommodation and create an exclusive hotel community MIAMI, FL, UNITED STATES, March 18, 2025 /EINPresswire.com/ — Urban Network Capital Group Celebrates Groundbreaking of Phase III at Visions Resort & Spa in Kissimmee, Florida Urban Network Capital Group (UNCG), in collaboration with Vertical Developments and Concepto Taller de Arquitectura, proudly announces the official groundbreaking of Phase III at Visions Resort & Spa in Kissimmee, Florida. This milestone marks an exciting expansion in the resort’s development, promising to redefine vacation accommodation and create an exclusive hotel community in the heart of Central Florida. Project OverviewSpanning over 70 acres, the Visions Resort & Spa is a visionary $370 million development, set to offer a 70,000-square-foot retail center. The expansive project will feature Single Family Homes, Townhouses, and Condo Hotel units, strategically located in Davenport, just 20 minutes from Walt Disney World, making it a prime destination for vacationers. Phase III – “Inspirations”Phase III, aptly named “Inspirations,” is a highly anticipated part of the resort and has already sold out. This phase includes 181 Branded Hotel Residences, designed with modern families in mind. Offering 1- and 2-bedroom configurations, including stylish loft units, these residences will deliver top-tier service and exclusive amenities, offering both luxury and convenience for their owners. Key Features & Highlights:• 181 Branded Hotel Residences: Perfectly designed for modern families, featuring 1- and 2-bedroom units, including chic loft-style apartments.• Exclusive Amenities: Premium services, fully furnished units, and bespoke experiences for owners.• Prime Location: Just minutes away from Walt Disney World and close to Orlando’s top entertainment, dining, and shopping destinations.• Easy Access: Conveniently located near Orlando International Airport and the Brightline high-speed rail, connecting to major South Florida cities like West Palm Beach and Miami. • UNCG’s Vision for the FutureFounded and led by CEO Robert Thorne, UNCG brings over 25 years of experience to the real estate sector. With a portfolio of over $2 billion in transactions, the firm is known for its commitment to creating high-value, sustainable communities. UNCG’s dedication to transforming the future of vacation accommodation is reflected in the ongoing development of Visions Resort & Spa and other major projects in Florida and beyond. • Robert Thorne shared, “Phase III of Visions Resort & Spa is more than just a new development; it represents the future of vacationing. We are committed to providing a premium experience that meets the expectations of today’s modern traveler. The resort will be managed by GPI Hospitality in partnership with Lumina Stays and Preferred Hotels & Resorts, ensuring exceptional service and global exposure. • Architectural ExcellencePhase III maintains a contemporary and sophisticated aesthetic, integrating seamlessly with the overall design of the resort. Concepto Taller de Arquitectura, known for its innovative and organic design approach, has created a space that blends functionality with beauty. The design features a neutral palette and an open spatial layout that connects with the surrounding environment, creating a sense of tranquility and luxury. • Looking AheadAs the resort progresses, UNCG continues to expand its footprint with additional developments in Orlando, Florida, as well as Cancun, Mexico, and Cabo San Lucas, aiming to redefine the luxury vacation experience worldwide. • For More InformationTo learn more about Visions Resort & Spa Phase III or explore other exciting projects from Urban Network Capital Group, visit Urban Network Capital Group. • About Urban Network Capital Group (UNCG)Urban Network Capital Group is a leading real estate development firm with over 25 years of experience in creating sustainable hospitality communities. With a portfolio spanning Florida, Mexico, and beyond, UNCG is at the forefront of innovative, luxury vacation developments, shaping the future of real estate with a commitment to excellence, sustainability, and service. • About Vertical DevelopmentsVertical Developments is a strategic joint venture specializing in high-value real estate investments across South and Central Florida. The firm brings together a wealth of expertise and innovative strategies to deliver cutting-edge real estate opportunities to investors. • About Concepto Taller de ArquitecturaKnown for its innovative design solutions in the hospitality and real estate sectors, Concepto Taller de Arquitectura’s work is synonymous with functionality and aesthetic appeal, delivering spaces that elevate the guest and resident experience. • About GPI HospitalityGPI Hospitality is a global hotel operator renowned for managing boutique hotels and resorts with a personalized touch. Their expertise ensures a premium hospitality experience that enhances the value of every property they manage. • About Preferred Hotels & ResortsAs part of one of the world’s most prestigious hotel networks, Visions Resort & Spa benefits from global recognition and top-tier services that come with its affiliation with Preferred Hotels & Resorts. Hilda Juan Sabina Covo CommunicationsSabina Covo Communications+1 786-329-5029email us hereVisit us on social media:LinkedInInstagram   Legal Disclaimer: EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. Source: thefloridatribune.com Explore and Assess Investment Opportunities Tap into our expertise, connect with our team today By subscribing you are agreeing to Vertical Developments Privacy Policy. You can unsubscribe from Vertical Developments, LLC. emails at any time by clicking the “Manage your Subscriptions” link in any of your emails.

BACK TO NEWS January 28, 2025 Branded boom carries on: Two-tower Armani/Casa condo project planned in Pompano Beach By Katherine Kallergis Developer to start taking reservations for 19-story, 28-unit project A group of developers plans to build Armani/Casa Residences Pompano Beach, marking the second South Florida condo project for the luxury Italian furnishings company amid a sea of branded developments in the region.  The development team, led by Vertical Developments, WellDuo, GCF Development and SP Developments, will soon launch sales of the twin 19-story tower project near the ocean, at 1550 North Ocean Boulevard, according to a press release. It will have 28 condos.  The Armani Group first branded Residences by Armani/Casa in Sunny Isles Beach, an oceanfront condo tower that was developed by the Related Group and Dezer Development in late 2019.  The trend of branded condos has exploded in South Florida, with hospitality, automotive, lifestyle and clothing companies teaming up with residential developers. The majority of new condo sales launches are for branded condo projects. It’s spread beyond Miami-Dade County to Broward and Palm Beach County.  Developer and broker Edgardo Defortuna’s Fortune Development Sales will lead sales of Armani/Casa’s Pompano Beach project, starting with offering reservations for units this fall, according to the release. The development will have one unit per floor in each building. Prices will start at about $5 million.  Amenities will include a pool deck with cabanas and a resort-style pool, a lap pool, an outdoor kitchen, fitness center, spa, meditation garden, media room and business lounge, according to a fact sheet about the project. The design team includes New York and Miami-based G3 Architecture and Netherlands-based West 8. Duet Property Development LLC owns the 0.6-acre lot where the Armani/Casa project is planned. The company is managed by an entity led by Peter Jago of GCF Development, Tomas Sinisterra of Miami-based SP, Eduardo Pelaez of WellDuo, Cesar Paniagua and Carlos Rodriguez, state records show. A company led by Sinisterra paid $3.2 million for the site in 2015, and transferred ownership to the new entity in 2023. Coral Gables and Buenos Aires-based Vertical, Chip Abele’s Hollywood-based GCF Development and Miami-based WellDuo are also working together on Riva Residenze, a yacht-branded condo project in Fort Lauderdale. The pipeline of condo developments in Pompano Beach includes Salato Residences, a planned 10-story, 40-unit building at 305 Briny Avenue; Related Group and BH Group’s planned 24-story condo-hotel with 303 hotel rooms and 77 condos at 1 North Ocean Boulevard; Related’s Casamar 118-unit condo project at 900 North Ocean Boulevard; and Fortune International Group and Oak Capital’s Ritz-Carlton Residences, Pompano Beach at 1380 South Ocean Boulevard.  In April, Canadian developers Efstathios Tsatas and Nicolas Tsatas paid $9.5 million for a second Pompano Beach development site with plans for a 21-story, 240-unit tower. Source: therealdeal.com Explore and Assess Investment Opportunities Tap into our expertise, connect with our team today By subscribing you are agreeing to Vertical Developments Privacy Policy. You can unsubscribe from Vertical Developments, LLC. emails at any time by clicking the “Manage your Subscriptions” link in any of your emails.

BACK TO NEWS January 28, 2025 FIRST ON PROFILE: FENDI Casa and Vertical Developments Launch ‘Avenia Interiors by Fendi Casa’ in Aventura FENDI Casa, in partnership with Vertical Developments, proudly announces the launch of Avenia, a limited collection of 22 luxury residences nestled along Aventura’s scenic waterways, marking a significant milestone that brings FENDI Casa’s signature Italian craftsmanship and refined high-end design to South Florida’s captivating coastal landscapes. Pricing starts at $5 million. The development is projected to be complete by early 2027. “We are excited to collaborate with FENDI Casa to bring forth a project that redefines modern luxurious living with expansive indoor and outdoor spaces in Aventura” said Fernando de Nuñez y Lugones, CEO and Partner at Vertical Developments. “Our partnership brings forth a one-of-a-kind lifestyle that captures the essence of the project’s sophisticated surroundings: the curation of the amenity areas, walkability to key points of interest, the reflective waters, generous marina slips, and the golf course views, elevating the boutique living lifestyle. We are confident Avenia will be the epitome of exclusivity for Aventura’s discerning buyers.” Ensuring privacy and exclusivity, Avenia Interiors by FENDI Casa, offers an unparalleled retreat designed for the utmost in comfort and excellence. In collaboration with The One Atelier, FENDI Casa has curated the interiors of the entire project, infusing each area with elegance and functionality, including all shared spaces. The welcoming lobby – a focal point within this thoughtfully designed environment – features statement pieces from FENDI Casa’s latest collections, setting the tone for the property. The space is anchored by the plush signature FENDI Casa Welcome! sofa, adding undeniable personality. Complementing this are the S’mores ottoman, the Bottini side table, and the Metropolis coffee table, entirely realized in steel, creating an atmosphere of tailored artistry. Alberto da Passano, CEO of FENDI Casa, stated, “This project represents an important new chapter for FENDI Casa in the realm of interior design. As prestigious projects gain prominence globally, we are thrilled to contribute to this prestigious development, bringing our unique blend of Italian mastery and everlasting contemporary allure to Aventura. Each detail at Avenia has been curated with meticulous attention to create an environment that reflects the essence of FENDI Casa, seamlessly integrated into the beauty of its natural backdrop. We look forward to setting a new benchmark for refined living in this exceptional community.” FENDI Casa’s distinctive aesthetic, with every detail carefully curated to reflect the brand’s unique style, is embodied in the meticulously designed three- and four-bedroom residences, each spanning approximately 3,500 square feet, with two half-floor. High ceilings and refined arched and curved architectural elements establish a sophisticated flow throughout, while fine wood paneling and travertine finishes add warmth and texture. Iconic features of the Maison are woven throughout, bringing FENDI Casa’s timeless character into each impeccably crafted space. Each residence features spacious primary suites with custom FENDI Casa walk-in closets, spa-inspired bathrooms, and dedicated offices or dens. Kitchens are adorned with quartz countertops and signature FENDI Casa cabinetry, blending elegance with functionality. Smart home technology, designer finishes, and private elevator lobbies complete this elevated living experience. The architectural vision, led by the globally acclaimed Kobi Karp and complemented by lush landscaping from L&ND Design, emphasizes environmental consciousness from inception. The project aims for LEED-Silver certification and features approximately 50,000 square feet of greenery, including a linear park and an exterior vertical garden. Residents at Avenia will enjoy an array of world-class amenities across multiple floors. The ground level features a sophisticated lobby leading to the marina and curated library. The fourth-floor Mezzo level offers fitness and relaxation amenities, including a state-of-the-art gym, personal training studios, a yoga and Pilates studio, and a luxurious spa with sauna and steam suites. Residents can unwind in the games room, featuring card tables, billiards, a top-of-the-line bar, private library, and a grand signature salon for hosting private events. The rooftop boasts a resort-style pool, private cabanas, and expansive lounge areas.   Source: profilemiamire.com Explore and Assess Investment Opportunities Tap into our expertise, connect with our team today By subscribing you are agreeing to Vertical Developments Privacy Policy. You can unsubscribe from Vertical Developments, LLC. emails at any time by clicking the “Manage your Subscriptions” link in any of your emails.

BACK TO NEWS January 28, 2025 Avenia by FENDI Casa Introduces Elegant Waterfront Living in Aventura In an unparalleled collaboration, WellDuo, Vertical Developments, and GCF Development have partnered with iconic Italian yacht maker Riva to introduce Riva Residenze, Fort Lauderdale’s first yacht-branded residential development. This 20-story waterfront marvel features 36 exclusive residences, complete with a private marina and 200 feet of direct waterfront access. Located at 3019 Harbor Drive, Riva Residenze offers a superyacht-inspired lifestyle in the heart of the Yachting Capital of the World, with prices beginning at $3.5 million. Fortune Development Sales serves as the exclusive sales and marketing team. “We are thrilled to partner with Riva to bring the superyacht lifestyle ashore in an unprecedented way,” said Eduardo Palaez, Co-Founder of WellDuo. “Riva Residenze is designed to deliver larger residences while simultaneously offering an exclusive retreat for discerning buyers along the waterfront, truly embodying the essence of luxury yachting in a residential setting.” Riva Residenze not only brings yacht-style living to shore but also marks the debut property in Fort Lauderdale for the visionary trio. Nestled between the Intracoastal Waterway and Fort Lauderdale Beach on Harbor Drive, the project is uniquely designed to face both the ocean and the waterway, providing effortless access to 5-star restaurants, boutique shopping, luxury hotels, art galleries, and world-class museums. “The Aquarama revolutionized the idea of going on holiday, experiencing the sea and above all of being exclusive, establishing a new benchmark for elegance: since then, Riva has been more than simply a boat brand, representing a world of beauty and style that has inspired design, fashion and lifestyle choices,” commented Ferretti Group CEO Alberto Galassi. With architecture led by the renowned Arquitectonica, Riva Residenze incorporates numerous design elements from the yachting world. Unlike any other, the unique water-inspired aesthetic contributes to a sleek and modern look reminiscent of superyachts. Giuseppina Arena, a renowned luxury interior designer with a focus on superyacht interiors, was handpicked to spearhead the design, infusing touches and design details that are so often carefully crafted in Riva’s luxurious vessels. Together, the two achieve a harmonious fusion of comfort and functionality, to create Riva Residenze as The Superyacht of Waterfront Residences. Comprising three to six-bedroom residences and two penthouses spanning from 2,000 to 6,000 square feet, Riva Residenze boasts private elevator foyers, 10 to 14-foot ceiling heights, floor-to-ceiling windows, and expansive living, dining, and gathering areas. Residents can bask in Italian-designed, customizable kitchens featuring Gaggeneau appliances, along with spa-inspired master baths, further enhancing the serene and relaxing environment. With well-being at the forefront, Riva Residenze offers a state-of-the-art Techno Gym fitness center and a yoga and pilates studio. Within the dedicated wellness center, residents can find a heated spa, lap pool, steam room, sauna, jacuzzi, restoration lounge, and private treatment space. Cabin suites inspired by the staterooms of iconic yachts are also available, reserved for friends and family. Atop the residences, Riva Residenze’s SkyDeck offers yacht-like views of the ocean and intracoastal waterway. The Sundeck features a 50-foot infinity pool and private cabanas, while the SkyLounge spans 3,400 square feet with a gourmet catering kitchen and outdoor seating.In true correlation with a water-enthusiast lifestyle, Riva Residenze features an in-house marina with seven slips for yachts up to 65 ft, including a dedicated slip for arrival and departure. The waterfront deck offers outdoor seating, hammocks, lounge chairs, and a space for private dining. A surf room with an outdoor shower and wet/dry storage caters to residents with stand-up paddleboards, kayaks, and more. In the main lobby adorned with vertical landscaping and a direct view of the marina, residents can enjoy luxury concierge services, including dining reservations, travel assistance, executive services, personal shopping, event planning, private transport, and custom requests. A curated art gallery at the entry adds an additional touch of sophistication, while the Japanese-inspired meditation garden offers a tranquil retreat for residents and guests that makes for an entrance with an impression. Additional amenities include a resident’s lounge with a library, private cinema, cigar room, wine room, and media room with a golf simulator. Riva Residenze Fort Lauderdale is now accepting contracts. For more information, please visit https://www.rivaresidenze.com/ Source: oftmw.com Explore and Assess Investment Opportunities Tap into our expertise, connect with our team today By subscribing you are agreeing to Vertical Developments Privacy Policy. You can unsubscribe from Vertical Developments, LLC. emails at any time by clicking the “Manage your Subscriptions” link in any of your emails.