Published by Peter Zalewski
1/10/2024 
5:20:01 PM Project Description:
Casa Tua, the iconic Italian restaurant in Miami Beach, has partnered with Fortune International to launch ORA, a luxury condo tower in the business district of Brickell, Miami.
The 70-story tower will feature approximately 460 residences with four curated food concepts by Casa Tua, resort-style pool experience, and short-term rental flexibility. ORA aims to appeal to younger demographics, especially world travelers and those frequenting Airbnb properties.
The starting price point for the units is $800,000, with units ranging from 500-square-foot studios to 2,400-square-foot, 4-bedroom sky homes. The tower will feature luxury amenities such as a rooftop pool with cabanas, a sky garden, a fitness center, a private event space, and an entertainment lounge.
Construction is expected to begin by the end of 2023 or early 2024.
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CraneSpotters Preconstruction Condo Project Overview |
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| Condo Description | Details |
| PROJECT NAME | Ora By Casa Tua |
| ADDRESS | 1210 Brickell Avenue Miami, FL 33131 |
| SUBMARKET | Greater Downtown Miami |
| COUNTY | Miami-Dade |
| WATERFRONT PROJECT | No |
| TYPE OF WATERFRONT? | |
| NUMBER OF TOWERS | 1 |
| TOTAL FLOORS (BY ELEVATOR) | 76 |
| TOTAL RESIDENTIAL UNITS | 540 |
| BED RANGE | Studio,1,2,3,4 Bedrooms |
| RANGE OF SQUARE FEET | 487 – 2,302 |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 1 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 2 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 3 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 4 BED – XX – X,XXX SF |
| MINIMUM PRICE PER UNIT | $ 859,000 |
| MONTHLY MAINTENANCE FEE PER UNIT | |
| MONTHLY MAINTENANCE FEE PER SQUARE FOOT | TBD |
| TURNKEY READY | Yes |
| PROPERTY AMENITIES | • 76 stories rising over 900 feet above the center of Brickell
• Curated residences, impeccably designed by m2 atelier • An oasis in the middle of Brickell, Miami’s financial district, immersed in lush tropical landscaping • Fluid architecture envisioned to blend with the natural setting • Fully wired creative workspace memberships available for creators, founders, and doers • Dedicated high-speed elevators with separate access for owners, short-term guests, and restaurant guests • Dedicated elevators for in-house employees • Managed, staffed, and serviced by the award-winning Casa Tua brand • Designed to prioritize privacy and keep residences soundproof |
| WATER VIEWS | Yes, From High Floors |
| PETS PERMITTED | Yes |
| MAXIMUM NUMBER OF PETS | |
| RENTAL TIMES PER YEAR | 365 |
| TOTAL ONSITE PARKING SPACES | |
| FIRST DEPOSIT % | |
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| UNIT FINANCING AVAILABLE | |
| RECOMMENDED LENDERS | |
| PROJECT STATUS | Approved |
| PRESALES UNDERWAY? | |
| RATIO OF PRESALES | |
| SCHEDULED CONSTRUCTION START | Q1-2024 |
| SCHEDULED COMPLETION DATE | 2026 |
| YEAR COMPLETED | |
| DEVELOPER | Fortune International Group |
| COUNTRY OF DEVELOPER | |
| DEVELOPER FEE % | |
| ARCHITECT | Arquitectonica |
| ARCHITECTURAL FIRM | |
| GENERAL CONTRACTOR | |
| DATE OF GROUNDBREAKING PARTY | |
| NOTICE OF COMMENCEMENT FILED | |
| DATE CRANE ERECTED | |
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| DATE OF CONDO LAUNCH PARTY | |
| DATE OF TOPPING OFF | |
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| SECONDARY LOAN AMOUNT | |
| DATE OF SECONDARY LOAN | |
| CONDO PROJECT WEBSITE | |
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| INHOUSE SALES REP TELEPHONE | |
| INHOUSE SALES REP EMAIL ADDRESS | |
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| BUYSIDE COMMISSION % | |
| PRICING SURVEY DATE | |
| MINIMUM PRICE PER DOOR | |
| MINIMUM PRICE PER SQUARE FOOT | |
| SALES RATION | |
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Miami Condo Inventory Report
This is a snapshot of the tricounty South Florida region Of Miami-Dade, Broward And Palm Beach.
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| South Florida | 25,314 | 11.4 |
| Miami-Dade County | 10,322 | 12.5 |
| Broward County | 9,049 | 11.5 |
| Palm Beach County | 6,083 | 10.1 |
Peter Zalewski is a former financial journalist, condo consultant, expert witness, licensed Florida real estate broker and the founder of the Miami Condo Investing Club™ (MiamiCondo.Club).
Confused about whether it is the appropriate time to buy or sell a condo in South Florida? The experts at CVR Realty are here to assist you in crafting a strategy during this uncertain time. Unlike many brokers offering services, our organization has been through the cycles and can assist you to capitalize on the situation.
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