Fortune International Group and Château Group have secured a landmark $113.75 million construction loan to develop the second tower of The St. Regis Residences in Sunny Isles Beach, just north of Miami. The financing was provided by City National Bank of Florida and is structured as a land loan to support the building of 320 new luxury condominium units. This marks a significant investment in South Florida’s upscale residential market.

The St. Regis Residences Sunny Isles Beach is positioned to be a premier luxury destination, offering high-end amenities and waterfront views that cater to affluent buyers seeking second homes or investment properties outside of traditional urban centers. With its proximity to Miami and direct beach access, Sunny Isles Beach continues to attract developers and buyers looking for luxury living in a resort-style setting.

City National Bank’s involvement underscores the growing confidence in South Florida’s luxury real estate market, even as construction costs and financing challenges affect projects nationwide. The bank’s Florida division has been active in funding high-profile developments, signaling a commitment to supporting long-term growth in the region’s residential sector.

The financing deal was brokered by the Berkadia Miami team, reinforcing the collaborative efforts between lenders and developers to bring high-end residential projects to fruition. As the second tower of The St. Regis Residences rises, it will contribute to the transformation of Sunny Isles Beach into a vibrant luxury enclave, complementing Miami’s dynamic real estate landscape.

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