Miami Condo Market and Lifestyle Updates
80 Percent of Units Under Contract for the Porsche Design Tower

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.

 

Source: therealdeal.com

Photo credit: Porsche Design porsche-design.com

Recent posts

Real Estate News

Could Cite in Edgewater Have New Hotel Neighbor?

by Sep Niakan | January 12, 2017

According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...

Real Estate News

Brickell Avenue Bridge Schedule, Traffic and Solutions -- All You Need To Know

by Sep Niakan | January 09, 2017

Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...

Real Estate News

9 Positive Signs for the Miami Real Estate Market in 2017

by Sep Niakan | January 08, 2017

Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...

Real Estate News

Projects That Will Change the Way We Look at Wynwood, Forever!

by Sep Niakan | December 28, 2016

We all know Wynwood as the friendly, hipster neighborhood splashed with the best street art in the world. It’s where we all go for our art fix, browse far-out finds and linger around for a couple of craft beers. But, how about shopping,...