Fortune International Group Construction Financing Boosts St. Regis Sunny Isles Project to $418M

December 4, 2025

Fortune International Group and Château Group have expanded construction financing for their St. Regis–branded, oceanfront condominium project in Sunny Isles Beach, increasing the package to $418.3 million. According to property records, Bank OZK boosted its existing $159 million loan by an additional $259.3 million, accelerating progress on the two-tower, 62-story development now under construction.

How Fortune International Group Reshaped the Project Scope

City officials approved a revised site plan earlier this year, reducing the originally planned 490 condos to 361 luxury residences in one of the towers. Despite the shift, interest remains robust — a penthouse is already under contract for $55 million.

The project rises on a 4.7-acre oceanfront site at 18801 Collins Avenue, where Fortune International Group and Château Group previously bought out a 350-unit condo building for $113 million in 2014.

To explore other high-end developments in the region, see our internal coverage of Bentley Residences and Miami Worldcenter luxury towers.

Major South Florida Loans Reflect Strong Luxury Demand

The expanded construction financing aligns with a broader trend of substantial lending for luxury coastal developments. Recently:

  • Madison Realty Capital issued a $630 million construction loan for Gil Dezer’s Bentley-branded tower four buildings south of St. Regis.

  • Naftali Group secured $465 million for a new luxury rental and condo tower at Miami Worldcenter.

These deals underscore continued lender confidence in South Florida’s high-end residential sector, particularly along oceanfront corridors.

Representatives for Fortune International Group and Bank OZK were not immediately available for comment.

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