Construction began in April 2013 of the Porsche Design Tower Miami by Porsche Design and Dezer Development. The ultra-luxury tower features a one-of-a-kind automobile elevator which will allow the world’s wealthiest people to park their vehicles in “sky garages” directly next to their apartments. The building also features plunge pools and outdoor summer kitchens on the balconies in almost every unit.
The 132-residence, 60-story, Porsche Design condominium tower is located at 18555 Collins Avenue, Sunny Isles Beach, Florida. The project has already secured $535 million in sales, representing over two-thirds of the units.
“This is extremely positive news for real estate financing and the recovery of the residential real estate market in South Florida,” says Gil Dezer, president of Dezer Development. “It is also a testament to how this one-of-a-kind project has been received by our buyers, as well as the lending community.”
“The opportunity to be part of Porsche Design’s first-of-its-kind real estate venture has been paramount to our sales success,” says Juergen Gessler, CEO Porsche Design Group. “Featuring the level of superlative quality and groundbreaking ingenuity synonymous with Porsche Design’s Iconic Style, buyers understand the unprecedented value of these properties.”
The first residents are expected to move in early 2016.