Fortune International and Château Group Land $114M Loan for St. Regis Sunny Isles Tower

• Fortune International Group and Château Group secured $113.75 million construction financing
• Loan supports the North Tower of St. Regis Residences, Sunny Isles Beach
• Project will deliver 320 luxury condos with prices starting at $5M

What the $114M loan means for South Florida development

Fortune International Group and Château Group have secured nearly $114 million in construction financing from City National Bank of Florida to advance the second tower of the St. Regis Residences in Sunny Isles Beach. The financing, structured as a land loan, reflects continued lender confidence in ultra-luxury condo development across South Florida.

What the project scale means for the luxury market

The two-tower development will deliver 320 residences, with 150 units in the North Tower and 170 units in the South Tower. The project sits directly along Collins Avenue, one of South Florida’s most desirable waterfront corridors. Residences are priced starting at $5 million, positioning the asset firmly in the ultra luxury segment.

What early sales say about demand

The South Tower is already nearing sellout before completion, signaling strong buyer demand. Château Group CEO Manuel Grosskopf said the North Tower builds on that momentum, targeting high-net-worth buyers seeking branded luxury living. This trend continues across South Florida, where branded residences and waterfront properties are driving sales velocity.

What this means for developers and lenders

For Fortune International Group and Château Group, the project reinforces their strategy of targeting premium coastal markets with high-end products. The involvement of City National Bank also highlights that well-sponsored luxury condo projects continue to secure financing, even in a more selective lending environment.

What to watch as construction progresses

The project is expected to be completed in 2028, with continued focus on sales absorption and pricing. For investors, the takeaway is clear. Ultra luxury waterfront condos in South Florida remain a top-tier asset class, supported by strong global demand.