PPG, BH3 & Ennismore Launch First Standalone Mondrian Residences in Hallandale Beach

Key Points

• 250-unit conversion: 26‑story building transformed from rentals to luxury condos, featuring 1–4 bedrooms, 859–3,239 sq ft.

• Prices begin in the high‑$900Ks, offering immediate occupancy with hotel‑luxe amenities.

• Thirty‑thousand+ sq ft of amenities, including pool, sports courts, co‑working, spa—and backed by $225 M refinancing.

Developers PPG Development and BH3 Management, alongside hospitality partner Ennismore, have just rebranded the existing Slate Hallandale Beach tower into Mondrian Hallandale Beach Residences—the first standalone residential project under the globally recognized Mondrian brand. 

Brand-Driven Conversion

• From rent to ownership: The 26‑story, 250‑unit tower, originally completed in 2022, received condo-conversion notices to tenants, with sales opening broadly this summer.

• Immediate occupancy: Unlike traditional pre‑construction projects, buyers can close and move in right away—drawing interest from buyers unwilling to wait 3–4 years.

• Hotel-level branding: This is Mondrian’s first fully residential-only building in the U.S.—no hotel attached—and taps into Accor One Living, giving owners access to global hospitality perks.

Luxury Residences & Pricing

• Unit mix: Spread across 1–4 bedrooms and penthouses, ranging from ~859 to 3,239 sq ft.

• Design features: Floor-to-ceiling glass, open layouts, private terraces—crafted for market demand in South Florida.

• Pricing: Starting in the high‑$900,000s, making the project competitive in the luxury condo segment.

Amenity-Rich Lifestyle

• Spanning over 30,000 sq ft, amenities include:

  • Resort-style pool with cabanas & fire pit

  • Tennis, pickleball, basketball courts

  • Golf simulator, wine lounge, theater

  • Fitness center, spa, coworking and lounge areas

  • Kids’ and teen rooms

• Brand-enhanced aesthetics: All amenities and interior spaces bear Mondrian’s signature bold, art-infused design identity.

Financial & Market Context

• Developers secured a $225 M refinancing in March via J.P. Morgan and Monroe Capital, supporting this strategic pivot.

• The Southern Florida market continues to attract high-end buyers seeking luxury and immediate occupancy—ideal timing for this conversion.

Market Advantage & Location

• Prime spot: Nestled between Miami and Fort Lauderdale at 101 Diplomat Pkwy, offering easy access to airports, Gulfstream Park, Aventura Mall, area beaches.

• Brand-backed proximity: Adjacent to other PPG-backed developments like Shell Bay Golf Club and Auberge resort condos, amplifying local prestige.

By converting the fully built Slate tower into Mondrian Hallandale Beach Residences, PPG, BH3 and Ennismore have delivered a turnkey luxury condo product with immediate occupancy, robust financing, and world-class branding. For investors and landlords, this signals a broader trend: transforming rental assets into branded residential homes is emerging as a powerful play in South Florida’s hot CRE market.