July 2024 - Fortune International Group Secures $36.08 Million in Pre-Development Financing for ORA by Casa Tua

July 2024 - Fortune International Group Secures $36.08 Million in Pre-Development Financing for ORA by Casa Tua

Fortune International Group has secured the 46,373 SF site at 1210 Brickell Ave for the planned ORA by Casa Tua, a 77-story tower, and has closed on $36.08 million in pre-development financing from Amerant Bank. ORA by Casa Tua launched sales last year and plans for residences to go under contract soon. Having completed the acquisition from Miami-based Patagonian Investment Internacional LLC, Fortune International Group can now advance the development and prepare the site for construction, with groundbreaking expected in 2025.

"The acquisition of the site and loan closing are key milestones that mark an exciting beginning for ORA by Casa Tua’s vision to take shape,” said Edgardo Defortuna, President, CEO, and founder of Fortune International Group. “We are eager for Miami’s community to feel the anticipation and witness the project come to life."

The luxury development includes 533 fully furnished residences permitted for short-term rentals and approximately 25,000 SF of space dedicated to Casa Tua’s four new restaurant concepts. In addition to the culinary offerings, ORA by Casa Tua will feature creative workspaces with private offices, conference rooms, content creation rooms, a bar lounge, and outdoor seating. Resort-style amenities include a second pool on the 12th floor with a sun shelf, loungers, cabanas, and jacuzzi; a show kitchen, private event space, and lush landscaping. Additional amenities encompass an entertainment lounge, a two-floor fitness and wellness center with a hammam and couples treatment rooms, and a three-story open sky garden, unique for Miami.

Globally recognized, award-winning architecture firm Arquitectonica is behind the design of ORA by Casa Tua, while m2atelier, known for their bespoke approach and led by Marco Bonelli and Marijana Radovic, are designing the interiors for both the amenity and residential spaces.

Residences at ORA by Casa Tua range from 500 SF studios to 2,400 SF four-bedroom fully furnished units ready for short-term, seasonal, or long-term rentals. All residences will offer panoramic views of Brickell, Biscayne Bay, and Coconut Grove; have ten-foot ceilings with floor-to-ceiling windows and curated window treatments; Italian-designed kitchens with top-tier appliances; Italian-designed baths with imported fixtures; smart home technology; pre-wired for high-speed internet and Wi-Fi; spacious walk-in closets; and washers and dryers. Sales and marketing are handled internally by Fortune International Group, with pricing starting in the $800,000s for studio units when sales launched last year.

Casa Tua was founded by Miky and Leticia Grendene, who opened their flagship Miami Beach location in 2001 as a welcoming place for friends, family, and guests from around the world to come together to celebrate life. Pioneering the members club concept in Miami, Casa Tua combines art, entertainment, and fine dining with a signature Italian style where simplicity meets sophistication. It has since expanded to locations in Aspen and Paris, with New York City opening in 2023. The brand also launched Casa Tua Cucina in partnership with Richard Baker and Saks Fifth Avenue, an award-winning Italian open kitchen concept located in Miami’s Brickell City Centre.

To address all your inquiries and Miami home needs, please get in touch with David Freed, your dedicated Luxury Real Estate Agent.

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July 2024 - Fortune International Group Secures $36.08 Million in Pre-Development Financing for ORA by Casa Tua
July 2024 - Fortune International Group Secures $36.08 Million in Pre-Development Financing for ORA by Casa Tua
July 2024 - Fortune International Group Secures $36.08 Million in Pre-Development Financing for ORA by Casa Tua
July 2024 - Fortune International Group Secures $36.08 Million in Pre-Development Financing for ORA by Casa Tua
July 2024 - Fortune International Group Secures $36.08 Million in Pre-Development Financing for ORA by Casa Tua
July 2024 - Fortune International Group Secures $36.08 Million in Pre-Development Financing for ORA by Casa Tua
July 2024 - Fortune International Group Secures $36.08 Million in Pre-Development Financing for ORA by Casa Tua

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