Photo Credit: Bosco Sky Park at ORA by Casa Tua
Miami-based developer, Fortune International Group, has acquired ORA by Casa Tua and has also recently closed on a $36.08M pre-development loan issued by Amerant Bank to help fund the construction of the residence.
ORA by Casa Tua is a 46,373 square-foot site located right in the heart of Brickell. The 77-story luxury development will include 533 fully-furnished residences, multiple dining locations and a luxury rooftop pool deck.
The company officially went under contract for the property from Patagonian Investment Internacional LLC and the acquisition for the site has been completed, allowing Fortune to further the development and prepare the site for construction of ORA. With these recent milestones, President, CEO, and founder of Fortune International Group, Edgardo Defortuna, expressed his excitement as his company becomes one step closer to breaking ground on the property.
“The acquisition of the site and loan closing are principal steps that mark an exciting beginning for ORA by Casa Tua’s vision to take shape,” said Defortuna. “We are eager for Miami’s community to sense the anticipation and witness the project come to life.”
ORA plans to create “a true vertical community where people rediscover their relationship with themselves, with others, and the natural world.” Sales have already been launched this past year, and they continue to see great interest in the property, with residences coming into contract soon. The freedom of flexible ownership makes this residence stand out as it will offer short-term, seasonal, and long-term rental flexibility, allowing future residents to consider different ownership options when signing for their units.
The property's groundbreaking is expected to begin in 2025, and the development is expected to be delivered in 2028. The residence strives to embrace Miami's constant movement and evolution through its innovative design and concept, making it a destination in and of itself. These recent accomplishments will now allow them to move forward with achieving these goals.
