The ultra‑luxury condo market in Sunny Isles Beach, Florida, continues to shine as one of the most dynamic segments of South Florida real estate. In a major financing milestone, Fortune International Group and Château Group have secured additional construction financing for the much‑anticipated St. Regis Residences Sunny Isles Beach, bringing the total construction loan commitment to $418.3 million from Bank OZK — positioning the project among the largest condo development loans in the region.
A Landmark Financing for a Landmark Project
The financing boost underscores strong lender confidence in the project’s sales momentum and long‑term value. The funding increase follows earlier rounds of construction finance from Bank OZK in prior years, culminating in a deal that fully supports the build‑out of both towers and keeps development timelines on track.
Project Overview: St. Regis Residences, Sunny Isles Beach
Situated at 18801 Collins Avenue, this oceanfront development spans 4.7 acres and boasts 435 linear feet of prime beachfront, the largest ocean frontage of any residential site currently under construction in the area.
Key Highlights:
- • Two luxury towers with approximately 320 total residences
- • South Tower: 62 stories, 170 units — 90% presold
- • North Tower: 150 units — sales launched, construction planned soon
- • Architect: Arquitectonica
- • General Contractor: Coastal Construction
- • Projected sell‑out: Over $3 billion
- • Units starting at: ~$5 million
Why This Matters for the Luxury Market
This financing milestone isn’t occurring in isolation. South Florida has seen multiple high‑value construction loans recently, such as the $630M Bentley Residences loan in Sunny Isles Beach, a benchmark for condo financing in the region.
The robust performance of St. Regis Residences — particularly the strong presale pace — signals enduring demand for luxury beachfront condos that combine architectural excellence, sweeping views, and premium amenities. Alongside other marquee developments, these mega‑loans reflect renewed capital flow into high‑end real estate despite broader market headwinds.
What Buyers and Investors Should Know
Buyers continue to show confidence in the project’s long‑term value, drawn by:
- • Premium oceanfront location
- • World‑class design and finishes
- • Exclusive resident services
- • Investment appeal in South Florida’s luxury segment
As construction progresses toward a planned late‑2028 completion for the South Tower, with the North Tower following, St. Regis Sunny Isles Beach remains a bellwether for luxury real estate investment in Miami’s coastal corridor.
The Real Deal | St. Regis Sunny Isles construction loan boosted to $418M →
