The times are busy for Fortune International since they’ve broke the ground on one of the last oceanfront parcels in Sunny Isles Beach to construct the fourth high-rise tower – Jade Signature. The new tower will soar 57 stories and will offer 192 residences, all with 10 foot ceilings and ocean views, ranging from 1,378 sq.ft. to 9,183 sq.ft. penthouse. The apartments in the luxury condominium tower will range from $1,950,000 to $28,000,000. The new Jade Signature tower will have the characteristic parallelogram shape, which gives an interesting look and a very modern feel to the structure. The tower also feature units with floor-to-ceiling windows. Each of the units is provided with a 25-foot wide terrace and an ocean view.
The new site is located next to both sister properties – Jade Beach (view Jade Beach site here) and Jade Ocean (view Jade Ocean site here) in the heart of Sunny Isles Beach. There is another Jade tower located on Brickell called Jade Residences (view Jade Residences site here).
Sunny Isles Beach – The New Florida Riviera
Ever since the beginning of Sunny Isles real estate boom era, the developer – Edgardo De Fortuna has had a dream to transform Sunny Isles Beach into the Florida Riviera. For those already familiar with the South Florida real estate market, it’s readily apparent that Sunny Isles Beach and other upscale areas come very close to meeting that goal already. The Jade properties are good examples of some of the most popular types of luxury real estate in South Florida. With amenities that would be at home at a five-star resort, they provide residents with an easy way to enjoy the sunny weather in South Florida, provided with private and valet parking, state-of-the-art security and privacy enhancements for their units and, of course, excellent views of and access to the ocean.
Condominium properties have constituted the majority of property sold in Sunny Isles Beach over the past years. In fact, 375 condominium properties have sold over the last six months, while only seven single-family homes have sold in that same time period, rather revealing the popularity of condominium properties in the area. Condominium properties on the waterfront tend to be, by far, at the highest end of the luxury real estate market. Nonetheless, they have attracted a steady stream of investors, many of whom come from international destinations, adding to Miami’s very diverse population and bringing a vital injection of cash into the local economy.
The average demographic for properties such as any of the Jade towers is well educated, affluent and someone who is looking for a property that affords them excellent views, access to the highest standard of living and, quite often, people who are looking for diverse area to call their home. In recent years, in addition to many new residents from Latin America, South Florida has managed to attract money from Europe, Russia, Italy and France, making it a truly international place in which to live. Combined with new developments such as Jade Signature, the influx of money from around the world promises to bring to Florida a truly vibrant and unique real estate market moving forward into the future.