80 Percent of Units Under Contract for the Porsche Design Tower
by Sep Niakan | August 13, 2014
Dezer Development has 80% of their luxurious Porsche Design Tower units in Sunny Isles already under contract.
Sources have reported $624 million in sales for the 60-story, 132 unit tower. The residences at the 18555 Collins Avenue site start at around 4,800 and go up to 17,000 square-feet of space.
The remaining units that are not under contract are priced starting at $4.8 million, going all the way up to $32.5 million.
Dezer received a $214 million loan for the construction of the Porsche Design Tower project from Wells Fargo in September.
The financing Dezer was given is the largest post-recession loan for a condo project in South Florida. In agreement with its name, Dezer teamed up with the Porsche luxury brand for the tower, and named it accordingly.
Photo credit: Porsche Design - porsche-design.com,
by Sep Niakan | November 29, 2016
This is a story of how one Miami condo dweller (that's me, Sep Niakan) gave up his car at the end of his lease and gained freedom (and $$) in its place. If you have been thinking of getting rid of your car or know someone who is, read...
by Sep Niakan | November 24, 2016
Lending, specifically FHA lending, is inching forward in favor of Miami Condos. Before President Trump pulls out any game-changers, I thought it would be the right time to reflect on a Bill passed into law by President Obama this August. The...
by Sep Niakan | November 22, 2016
It’s been almost a year since BrickellHouse’s robotic parking garage blunder, and I’ve been thinking about what this means for the automated parking business in Miami condos. In brief, Boomerang Systems (the robotic garage...
by Sep Niakan | October 31, 2016
From a humble 9-to-5 district to after-dark playground for the it-crowd, Downtown Miami has had quite a turnaround in the past decade or so. According to the latest Miami Downtown Development Authority report, there are now 88,540 residents in...