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.
For More Information, Click Here
CraneSpotters Preconstruction Condo Project Overview |
|
| 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 % | |
| SECOND DEPOSIT % | |
| THIRD DEPOSIT % | |
| FOURTH DEPOSIT % | |
| TOTAL DEPOSIT % | |
| 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 | |
| DATE OF CONDO DECLARATION FILING | |
| DATE OF CONDO LAUNCH PARTY | |
| DATE OF TOPPING OFF | |
| DATE OF FIRST RECORDED TRANSACTION | |
| LEAD LENDER | |
| LEAD LOAN AMOUNT | |
| DATE OF LEAD LOAN | |
| SECONDARY LENDER | |
| SECONDARY LOAN AMOUNT | |
| DATE OF SECONDARY LOAN | |
| CONDO PROJECT WEBSITE | |
| INHOUSE SALES BROKERAGE | |
| INHOUSE SALES REPRESENTATIVE | |
| INHOUSE SALES REP TELEPHONE | |
| INHOUSE SALES REP EMAIL ADDRESS | |
| INHOUSE SALES BROKERAGE ADDRESS | |
| BUYSIDE COMMISSION % | |
| PRICING SURVEY DATE | |
| MINIMUM PRICE PER DOOR | |
| MINIMUM PRICE PER SQUARE FOOT | |
| SALES RATION | |
| COMMISSION % | |
| INCENTIVES | |
Condo Market Inventory Tracker
A Snapshot Of Downtown West Palm Beach And The Island
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 344 | 8.2 |
| Luxury Condos | 153 | 9.6 |
| Shortsales | 0 | NA |
| REOs | 0 | NA |
| Rentals | 365 | 5.2 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
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.
For a free consultation, please contact the South Florida Condo Experts
or Visit
Directions