Taking place within the sales gallery, the event invited industry experts to weigh-in on tax law changes and their implications for residential property owners
Developers of The Ritz-Carlton Residences, Sunny Isles Beach, which is now more than halfway complete, held a highly attended, in-depth symposium focused on the 2018 tax reform bill and the potential impact on South Florida’s real estate market.
On March 21st, industry experts, top real estate professionals and more than 100 guests gathered in the stunning sales gallery -- located directly across from the site at 15800 Collins Avenue, Sunny Isles Beach, Fla. -- to discuss the new law and the implications for the residential market, most especially within the luxury sector. Moderated by Christopher Zoller, Chairman of the Board of Directors of the MIAMI Association of Realtors,panelists included Edgardo Defortuna, President and CEO of Fortune International Group; Manuel Grosskopf, Chairman and CEO of Château Group; Tony Martinez, owner of Florida Secured Title; and Marty Rothbard, Managing Partner, Mendez Rothbard Molieri & Co., LLC. As a whole, the thought-provoking dialoguegave event-goers the chance to glean insights from the experts as well as ask a series of important questions.
“We have prided ourselves on making this sales gallery a unique meeting place for industry leaders and homebuyers alike,” said Edgardo Defortuna, whose company, Fortune International Group, is a joint developer of The Ritz-Carlton Residences, Sunny Isles Beach. “Tax reform has been a focal point for consumers across South Florida and beyond, and, in the case of this event, we wanted to make sure that information was -- and continues to be – accessible to our buyers and brokers.”
“This was a very special panel to not only host, but be an integral part of,” said Manuel Grosskopf, Chairman and CEO of Château Group, joint developer of The Residences. “Our fellow speakers were insightful and informative, and it was an honor to have had them with us at the sales gallery.”
Attendees of the morning event openly commented on the astute market analysis that was shared and the helpful pointers that were given regarding what can potentially be expected as these transformative changes begin to take shape.
Designed by Arquitectonica with interiors by Florentine architect Michele Bönan, The Residences -- comprised of 212 luxurious oceanfront condos -- will have a private club level on the 33rdfloor, as well as a beach restaurant, pool deck, fitness center, kids club and spa, among other top-tier amenities and services. Residences startat $2.6 million with penthouses offered upwards of $25 million. For additional information, call 305.503.5811 or visithttp://www.theresidencessunnyislesbeach.com.
The Ritz-Carlton Residences, Sunny Isles Beach are not owned, developed or sold by The Ritz-Carlton Hotel Company, L.L.C. or its affiliates ("Ritz-Carlton"). Sunny Isles Property Venture, LLC uses The Ritz-Carlton marks under a license from Ritz-Carlton, which has not confirmed the accuracy of any of the statements or representations made herein.
About the Project Developers
Fortune International Group
The name Fortune International Group is synonymous with excellence and an unwavering commitment to quality and customer service in the world of luxury real estate. Visionary founder Edgardo Defortuna has set new industry standards ever since the company’s founding in 1983. Fortune is a recognized leader in both the development and sales and marketing of South Florida luxury real estate with a portfolio that includes residential, mixed-use, condo hotel and office-condo projects. The company’s developments include Jade Signature, Jade Residences at Brickell Bay, 1200 Brickell, Artech, Le Meridian Sunny Isles Beach, Jade Beach, Jade Ocean, Auberge Beach Residences and Spa Fort Lauderdale and Hyde Resort & Residences Hollywood.Florentine architect and interior designer of The Ritz-Carlton Residences, Sunny Isles Beach, Michele Bönan is often portrayed as the “Architetto eclecttico” -- owing to his extraordinary sense of style and fastidious yet sensitive attention to detail. He has created memorable habitations across the globe. Possessing an exceptional ability to preserve historical buildings whilst integrating such into coveted contemporary designs, Bönan entwines all the glories of the past with the dynamism of the future.
The Château Group
The Château Group, founded under the leadership of Sergio and Manuel Grosskopf, has more than 35 years of experience in the development of real estate projects in South America and the United States. Château has participated in several major real estate endeavors over the last several years, Château introduced the concept of Mall in Argentina with the development of Alto Palermo and Alto Avellaneda Malls in Buenos Aires and the entry of Wal-mart and Zara to the Argentinian market. In the residential field, Château Group developed of 1.6 million square feet distributed in the two most emblematic towers in Buenos Aires, Argentina: Château Libertador and Château Puerto Madero. In the United States, Château Group developed Château Beach Residences, a luxury high-rise condominium in Sunny Isles and finished the construction of FENDI Château Residences in Surfside, the first real estate development branded by FENDI worldwide. Other projects in the pipeline include 600 and 700 Biscayne (Miami, FL) and a mixed-use development in Hallandale Beach. In addition, Château Group has positioned itself as a high-end residential market leader in the world-renowned city of Punta del Este, Uruguay through the development of the new FENDI Château Residences, Le Jardin Residences, Beverly Tower, Coral Tower and Millenium Tower.
