Transactions - AUGUST 29, 2019

The Ritz-Carlton Residences in Miami Beach receives TCO

by Released

Lionheart Capital has received TCO approval at The Ritz-Carlton Residences, Miami Beach.

The project, which has become the largest residential adaptive reuse project in South Florida, is situated on more than 7.5 acres.

With more than 70 percent of its units sold, the 111-unit development is designed to celebrate individuality with more than 60 distinct floorplans on the private side of Miami Beach and offers protected panoramicviews of the Miami and Miami Beach skylines.

The property includes a half-acre rooftop pool deck, ecological food forest and community garden, house yacht and 36-slip private marina. Additionally, the property will have the world’s first residential art studio and sharing room; medical concierge with celebrity author of The South Beach Diet, Dr. Arthur Agatston; social rooms; cinema; children's room; and library to further complement the Ritz-Carlton lifestyle. The Residences range in size from 2,000 square feet to more than 10,000 square feet and are priced from $2 million to more than $40 million.

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