St Regis Sunny Isles: St. Regis Sunny Isles Developers Boost Construction Loan to $418.3M, Sales Soar with Oceanfront

St. Regis Sunny Isles Developers Boost Construction Loan to $418.3M

Edgardo Defortuna’s Fortune International Group and Manuel Grosskopf’s Château Group have secured a 8.3M construction loan boost for their St. Regis Residences in Sunny Isles Beach, according to property records and a news release.

St Regis Sunny Isles helps improve planning, consistency, and publishing quality when teams follow a repeatable workflow.

Edgardo Defortuna’s Fortune International Group and Manuel Grosskopf’s Château Group closed on additional financing for their under-construction St. Regis Residences in Sunny Isles Beach.

Little Rock, Arkansas-based Bank OZK increased the existing loan by over $200 million to $418.3 million, completing the project’s construction financing, according to property records and a news release. Bank OZK provided the developers’ joint venture with a $119 million loan in 2020, and last year boosted that by $100 million. 

The two-tower, 320-unit development is being built on the 4.7-acre site at 18801 Collins Avenue. The property has 435 feet of ocean frontage. 

Sales of the south tower launched in 2022, and the 62-story, 170-unit building is 90 percent presold. The building is expected to be completed by the end of 2028, according to the release. 

Sales of the 62-story, now 150-unit north tower launched last year. Construction on that second tower could start next year. 

The estimated sellout for both buildings is more than $3 billion. Available units start at $5 million. 

Coastal Construction is the general contractor. Coconut Grove-based Arquitectonica is designing the project. 

Other developers have secured large construction loans for their projects. 

Naftali Group closed on $465 million in financing for its JEM Private Residences tower at Miami Worldcenter last month. That package consists of $235 million in C-PACE (Commercial Property Assessed Clean Energy) financing from Nuveen Green Capital and $230 million in traditional construction loans from BHI, the U.S. arm of Bank Hapoalim.

Just this week, Allen Morris Company received a $138.5 million construction loan for its mixed-use Ziggurat development in Coconut Grove. BDT & MSD Partners, and BHI, are the lenders. 

But the largest loan to close in recent weeks and one of the biggest condo construction loans in South Florida history is Dezer Development’s $630 million financing for the oceanfront Bentley Residences condo project in Sunny Isles, secured in early November. New York-based Madison Realty Capital is the lender. 

Read more

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Fortune, Château score $100M financing boost for St. Regis Sunny Isles

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Dezer scores $630M construction loan for Bentley Residences in Sunny Isles Beach

Yamal Yidios with renderings of 1428 Brickell (The Boundary for Ytech, Ytech)

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Ytech scores $565M construction loan for 1428 Brickell condo tower 

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!important;}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background: var(–wp–preset–gradient–luminous-vivid-orange-to-vivid-red) !important;}.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background: var(–wp–preset–gradient–very-light-gray-to-cyan-bluish-gray) !important;}.has-cool-to-warm-spectrum-gradient-background{background: var(–wp–preset–gradient–cool-to-warm-spectrum) !important;}.has-blush-light-purple-gradient-background{background: var(–wp–preset–gradient–blush-light-purple) !important;}.has-blush-bordeaux-gradient-background{background: var(–wp–preset–gradient–blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background: var(–wp–preset–gradient–luminous-dusk) !important;}.has-pale-ocean-gradient-background{background: var(–wp–preset–gradient–pale-ocean) !important;}.has-electric-grass-gradient-background{background: var(–wp–preset–gradient–electric-grass) !important;}.has-midnight-gradient-background{background: var(–wp–preset–gradient–midnight) !important;}.has-small-font-size{font-size: var(–wp–preset–font-size–small) !important;}.has-medium-font-size{font-size: var(–wp–preset–font-size–medium) !important;}.has-large-font-size{font-size: var(–wp–preset–font-size–large) !important;}.has-x-large-font-size{font-size: var(–wp–preset–font-size–x-large) !important;}”,”type”:”list”,”__typename”:”StyleItem”}],”post”:{“id”:”cG9zdDoxMDAzMzk2″,”databaseId”:1003396,”title”:”St. Regis Sunny Isles construction loan boosted to $418M “,”status”:”publish”,”slug”:”st-regis-sunny-isles-developers-boost-construction-loan”,”uri”:”/miami/2025/12/02/st-regis-sunny-isles-developers-boost-construction-loan/”,”link”:”https://therealdeal.com/miami/2025/12/02/st-regis-sunny-isles-developers-boost-construction-loan/”,”dateGmt”:”2025-12-02T17:30:00″,”contentTypeName”:”post”,”contentFiltered”:”u003cpu003eEdgardo Defortuna’s Fortune International Group and Manuel Grosskopf’s Château Group closed on additional financing for their under-construction St. Regis Residences in Sunny Isles Beach.u003c/pu003enu003cpu003eLittle Rock, Arkansas-based Bank OZK increased the existing loan by over $200 million to $418.3 million, completing the project’s construction financing, according to property records and a news release. Bank OZK provided the developers’ joint venture with a u003ca href=”/miami/2020/05/06/fortune-and-chateau-score-119m-refi-for-sunny-isles-condo-project/”u003e$119 million loanu003c/au003e in 2020, and last year u003ca href=”/miami/2024/04/04/fortune-chateau-score-100m-loan-for-st-regis-sunny-isles/”u003eboosted that byu003c/au003e $100 million.u0026nbsp;u003c/pu003enu003cpu003eThe two-tower, 320-unit development is being built on the 4.7-acre site at 18801 Collins Avenue. The property has 435 feet of ocean frontage.u0026nbsp;u003c/pu003enu003cpu003eSales of the south tower u003ca href=”/miami/2022/03/15/chateau-fortune-launch-sales-of-two-tower-st-regis-in-sunny-isles-after-sellout-of-nearby-project/”u003elaunched in 2022u003c/au003e, and the 62-story, 170-unit building is 90 percent presold. The building is expected to be completed by the end of 2028, according to the release.u0026nbsp;u003c/pu003enu003cpu003eSales of the 62-story, now 150-unit north tower launched last year. Construction on that second tower could start next year.u0026nbsp;u003c/pu003enu003cpu003eThe estimated sellout for both buildings is more than $3 billion. Available units start at $5 million.u0026nbsp;u003c/pu003enu003cpu003eCoastal Construction is the general contractor. Coconut Grove-based Arquitectonica is designing the project.u0026nbsp;u003c/pu003enu003cpu003eOther developers have secured large construction loans for their projects.u0026nbsp;u003c/pu003enu003cpu003eNaftali Group u003ca href=”/miami/2025/11/25/naftali-scores-465m-loan-for-miami-worldcenter-condo-tower/”u003eclosed on $465 million in financingu003c/au003e for its JEM Private Residences tower at Miami Worldcenter last month. That package consists of $235 million in C-PACE (Commercial Property Assessed Clean Energy) financing from Nuveen Green Capital and $230 million in traditional construction loans from BHI, the U.S. arm of Bank Hapoalim.u003c/pu003enu003cpu003eJust this week, Allen Morris Company received a u003ca href=”/miami/2025/12/02/allen-morris-gets-construction-loan-for-ziggurat-coconut-grove/”u003e$138.5 millionu003c/au003e construction loan for its mixed-use Ziggurat development in Coconut Grove. BDT u0026amp; MSD Partners, and BHI, are the lenders.u0026nbsp;u003c/pu003enu003cpu003eBut the largest loan to close in recent weeks and one of the biggest condo construction loans in South Florida history is Dezer Development’s u003ca href=”/miami/2025/11/05/dezer-gets-630m-construction-loan-for-bentley-residences/”u003e$630 million financingu003c/au003e for the oceanfront Bentley Residences condo project in Sunny Isles, secured in early November. New York-based Madison Realty Capital is the lender.u0026nbsp;u003c/pu003enu003csection class=”ReadMoreSection_root”u003entu003ch4 class=”ReadMoreSection_title”u003eRead moreu003c/h4u003enttttttttu003ca class=”BlogrollPost” href=”/miami/2024/04/04/fortune-chateau-score-100m-loan-for-st-regis-sunny-isles/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”150″ height=”106″ src=”https://static.therealdeal.com/wp-content/uploads/2024/04/Fortune-Chateau-Score-100M-Loan-for-St.-Regis-Sunny-Isles-f-150×106.jpg” class=”FeaturedImage_image wp-post-image” alt=”Fortune, Chateau Score $100M Loan for St. Regis Sunny Isles” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttDevelopmentttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003eFortune, Château score $100M financing boost for St. Regis Sunny Islesu003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttttu003ca class=”BlogrollPost” href=”/miami/2025/11/05/dezer-gets-630m-construction-loan-for-bentley-residences/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”133″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Bentley-Loan-200×133.jpg” class=”FeaturedImage_image wp-post-image” alt=”Gil Dezer with renderings of Bentley Residences” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttDevelopmentttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003eDezer scores $630M construction loan for Bentley Residences in Sunny Isles Beachu003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttttu003ca class=”BlogrollPost” href=”/miami/2025/11/03/ytech-scores-565m-construction-loan-for-1428-brickell/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”133″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Ytech-Scores-565M-Construction-Loan-for-1428-Brickell-200×133.jpg” class=”FeaturedImage_image wp-post-image” alt=”Yamal Yidios with renderings of 1428 Brickell (The Boundary for Ytech, Ytech)” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttDevelopmentttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003eYtech scores $565M construction loan for 1428 Brickell condo tower u003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttu003c/sectionu003enntt”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”Fortune International, Château Group are developing the 320-unit luxury condo project”,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-12-02T17:36:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003culu003ernu003cli style=”font-weight: 400;” aria-level=”1″u003eu003cspan style=”font-weight: 400;”u003eBank OZK boosted the construction financing for Fortune International Group and Château Group’s St. Regis Residences in Sunny Isles Beach to $418.3 million, completing the project’s construction funding.u003c/spanu003eu003c/liu003ernu003cli style=”font-weight: 400;” aria-level=”1″u003eu003cspan style=”font-weight: 400;”u003eThe two-tower, 320-unit luxury condo development is making progress, with the 170-unit south tower now 90 percent presold and expected to be completed by the end of 2028.u003c/spanu003eu003c/liu003ernu003cli style=”font-weight: 400;” aria-level=”1″u003eu003cspan style=”font-weight: 400;”u003eThe project’s estimated sellout exceeds $3 billion, with remaining units starting at $5 million.u003c/spanu003eu003c/liu003ernu003c/ulu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:”https://eleven-public-cdn.elevenlabs.io/audio-native/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac/52d51aVTBTrD337c8cZv/52d51aVTBTrD337c8cZv.mp3″,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-1400×875.jpg”,”srcSet”:”/wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-1400×875.jpg 1400w, /wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-300×188.jpg 300w, /wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-700×438.jpg 700w, /wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-200×125.jpg 200w, /wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-768×480.jpg 768w, /wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-1024×640.jpg 1024w, /wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-50×31.jpg 50w, /wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN.jpg 1600w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:”u003cpu003eFortune International Groupu0026#8217;s Edgardo Defortuna and Château Groupu0026#8217;s Manuel Grosskopf; rendering of u0026#8230;u003c/pu003en”,”altText”:”Fortune International Group’s Edgardo Defortuna and Château Group’s Manuel Grosskopf; rendering of two-tower, 320-unit luxury condo development”,”__typename”:”MediaItem”},”__typename”:”AcfMediaItemConnectionEdge”},”video”:null,”caption”:”Fortune International Group’s Edgardo Defortuna and Château Group’s Manuel Grosskopf; rendering of two-tower, 320-unit luxury condo development (Getty, Tamz, DBOX)”,”__typename”:”MainArt”},”featuredImage”:{“node”:{“sourceUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-1400×875.jpg”,”srcSet”:”https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-1400×875.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-300×188.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-700×438.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-200×125.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-768×480.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-1024×640.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN-50×31.jpg 50w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN.jpg 1600w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:”u003cpu003eFortune International Groupu0026#8217;s Edgardo Defortuna and Château Groupu0026#8217;s Manuel Grosskopf; rendering of u0026#8230;u003c/pu003en”,”altText”:”Fortune International Group’s Edgardo Defortuna and Château Group’s Manuel Grosskopf; rendering of two-tower, 320-unit luxury condo development”,”mediaDetails”:{“sizes”:[{“width”:”1400″,”height”:”875″,”__typename”:”MediaSize”}],”__typename”:”MediaDetails”},”__typename”:”MediaItem”},”__typename”:”NodeWithFeaturedImageToMediaItemConnectionEdge”},”__typename”:”Post”,”template”:{“templateValue”:”right-rail”,”__typename”:”DefaultTemplate”},”seo”:{“title”:”St. Regis Sunny Isles Developers Boost Construction Loan”,”fullHead”:”u003c!– This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v26.1.1) – https://yoast.com/wordpress/plugins/seo/ –u003enu003cmeta name=”description” content=”Bank OZK increased the construction financing for Fortune International and Château Group’s St. Regis Residences, Sunny Isles to $418 million.” /u003enu003cmeta name=”robots” content=”index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1″ /u003enu003clink rel=”canonical” href=”https://therealdeal.com/miami/2025/12/02/st-regis-sunny-isles-developers-boost-construction-loan/” /u003enu003cmeta property=”og:locale” content=”en_US” /u003enu003cmeta property=”og:type” content=”article” /u003enu003cmeta property=”og:title” content=”St. Regis Sunny Isles construction loan boosted to $418M ” /u003enu003cmeta property=”og:description” content=”Bank OZK increased the construction financing for Fortune International and Château Group’s St. Regis Residences, Sunny Isles to $418 million.” /u003enu003cmeta property=”og:url” content=”https://therealdeal.com/miami/2025/12/02/st-regis-sunny-isles-developers-boost-construction-loan/” /u003enu003cmeta property=”og:site_name” content=”The Real Deal” /u003enu003cmeta property=”article:publisher” content=”https://www.facebook.com/therealdealmedia/” /u003enu003cmeta property=”article:published_time” content=”2025-12-02T17:30:00+00:00″ /u003enu003cmeta property=”og:image” content=”https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-St.-Regis-Sunny-Isles-construction-loan-boosted-to-418M-MAIN.jpg” /u003entu003cmeta property=”og:image:width” content=”1600″ /u003entu003cmeta property=”og:image:height” content=”1000″ /u003entu003cmeta property=”og:image:type” content=”image/jpeg” /u003enu003cmeta name=”author” content=”Katherine Kallergis” /u003enu003cmeta name=”twitter:card” content=”summary_large_image” /u003enu003cmeta name=”twitter:description” content=”Edgardo Defortuna’s Fortune International Group and Manuel Grosskopf’s Château Group closed on additional financing for their under-construction St. Regis Residences in Sunny Isles Beach. Little Rock, Arkansas-based Bank OZK increased the existing loan by over $200 million to $418.3 million, completing the project’s construction financing, according to property records and a news release. Bank OZK provided the developers’ joint venture with a $119 million loan in 2020, and last year boosted that by $100 million.u0026nbsp; The two-tower, 320-unit development is being built on the 4.7-acre site at 18801 Collins Avenue. 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Bank OZK increased the existing loan by over $200 million, completing the project’s construction financing. The two-tower, 320-unit development is being built on a 4.7-acre site at 18801 Collins Avenue, with 435 feet of ocean frontage.

St Regis Sunny Isles: Practical Checklist

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