CMC Group and Fort Partners Commence Vertical Construction on Four Seasons Private Residences Coconut Grove

South Florida-based real estate development firms CMC Group and Fort Partners have commenced vertical construction at Four Seasons Private Residences Coconut Grove, the global brand’s first standalone residential offering in Florida. With foundation work complete, the 20-story waterfront tower is now rising above Biscayne Bay, marking a major construction milestone as the development remains on schedule for completion in 2028. This milestone follows the team's successful $323.8 million construction financing earlier this year, which attracted exceptional interest from the lending community and further reinforced confidence in the project as it advanced toward vertical construction.

“Reaching this milestone is a significant moment because it demonstrates that our vision for Four Seasons Private Residences Coconut Grove is becoming a reality,” said Ugo Colombo, Founder of CMC Group. "From the outset, we believed this would be an exceptional addition to Coconut Grove — from its location to its design and the strength of the Four Seasons brand — and it's rewarding to see that confidence reflected as construction advances. CMC Group and Fort Partners have always been committed to delivering projects that stand the test of time, and we're pleased to see this one progressing as planned.”

“The most successful projects are the ones that inspire confidence long before they're completed,” said Nadim Ashi, CEO of Fort Partners. “The continued interest we've seen from buyers, together with the support of our financial partners, reflects the quality of this development and the experienced team behind it. We're pleased to see construction advancing on schedule as Four Seasons Private Residences Coconut Grove continues to take shape.”

Since launching sales in 2024, Four Seasons Private Residences Coconut Grove has continued to generate strong interest from local, national and international buyers drawn to the rarity of a standalone Four Seasons residential offering in one of Miami's most sought-after neighborhoods. That sustained demand, together with the institutional confidence demonstrated through the project's successful financing earlier this year, reflects the strong foundation supporting the development as it continues to advance on schedule.

Designed by Miami-based architect Luis Revuelta with interiors by acclaimed Florentine designer Michele Bönan, the development will feature 70 residences ranging from 2,025 to 3,975 square feet, along with four penthouses spanning up to 9,690 square feet. The curved design maximizes panoramic water views through expansive floor-to-ceiling windows, while open floor plans and ceiling heights ranging from 10 to 11 feet create spacious, light-filled residential experiences. Each home is accessed via dedicated elevator entry.

Residents will enjoy the lifestyle of a world-class Four Seasons resort, even without the presence of a hotel. The resort-style amenities collection includes a pool deck, restaurant, state-of-the-art fitness center, yoga studio, massage treatment rooms, a spa featuring a cold plunge, hydromassage pool, horizontal shower, ice fountain, sauna circuit inspired by ancient Roman bath chambers, and much more. Five-star Four Seasons service completes the offering, with everything from a dedicated Director of Residences and Lifestyle Manager to housekeeping and butler services, in-residence dining, valet, wellness programming and more.

Together, CMC Group and Fort Partners have earned a reputation for delivering landmark residential developments that define their markets. Their combined track record of bringing ambitious projects from vision to completion has established them as two of South Florida’s most respected luxury developers, reinforcing buyer and institutional confidence in Four Seasons Private Residences Coconut Grove.

Sales at Four Seasons Private Residences Coconut Grove are being handled in-house by CMC Real Estate and Fort Realty.

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CMC Group and Fort Partners Secure $323.8 Million Construction Financing From Bank OZK For Four Seasons Private Residences Coconut Grove

South Florida-based real estate development firms CMC Group and Fort Partners have closed a $323.8 million construction loan from Bank OZK, a leading national lender, for Four Seasons Private Residences Coconut Grove, the highly anticipated luxury development marking the global brand’s first standalone residential offering in Florida. The financing attracted exceptional interest, with depth of demand and competitive terms surpassing recent luxury residential transactions in Coconut Grove, reinforcing the strength of the Four Seasons brand and confidence in the project’s execution and sales momentum. Jim Shindell and Hannah Lidicker of law firm Bilzin Sumberg represented the development team in the transaction.

On the heels of breaking ground in October, construction work on the 20-story waterfront tower is progressing and the development remains on schedule to welcome residents in mid-2028. The project continues to experience robust market demand for its 70 luxury homes.

“The level of interest was exceptional, with more than 10 lenders providing highly competitive terms,” said Ugo Colombo, Founder of CMC Group. “That response underscores the strength of — and market confidence in — the development team, the Four Seasons brand, an exciting Coconut Grove location and a long-term vision centered on timeless architecture, refined design and world-class service.”

“This financing marks a pivotal moment for Four Seasons Private Residences Coconut Grove,” said Nadim Ashi, CEO of Fort Partners. “It affirms our long-term vision for a thoughtful, enduring property that will contribute meaningfully to the neighborhood and to the Four Seasons legacy.”

Designed by Miami-based architect Luis Revuelta with interiors by Florentine designer Michele Bönan, Four Seasons Private Residences Coconut Grove will offer expansive homes with drop ceiling throughout the units and heights ranging from 10 feet 4 inches to 11 feet 6 inches from finished floor to finished ceiling, floor-to-ceiling windows, custom Italian kitchens designed by Molteni and Michele Bönan Interiors and bathrooms with Italian cabinetry complemented by Italian marble finishes. Each home will be accessed via dedicated elevator to a private foyer.

Residents will enjoy resort-style amenities, including a restaurant, library, children’s area, private event room and an expansive pool deck and bar lounge serviced by Four Seasons. The on-site wellness program includes a state-of-the-art fitness center, yoga and massage rooms, and an expansive spa with a variety of features, including a cold plunge, hydromassage pool, infrared sauna, horizontal and leg showers, ice fountain, Roman-inspired sauna circuit and more. Residents have access to world-class Four Seasons service even without the presence of a hotel, including a dedicated Director of Residences, Lifestyle Manager, housekeeping and butler services, in-residence dining, valet, wellness programming and more.

“We appreciate the opportunity to once again partner with top-tier sponsors like CMC Group and Fort Partners on this exceptional development,” said Greg Newman, Senior Managing Director of Originations at Bank OZK. “This financing demonstrates our confidence in the sponsors’ ability to execute on their vision and the strength of the South Florida market.”

“The financing for Four Seasons Private Residences Coconut Grove reflects sustained lender confidence in South Florida’s luxury residential market, particularly in desirable neighborhoods such as Coconut Grove," said Hannah Lidicker of law firm Bilzin Sumberg, who represented the development team in the transaction along with Real Estate Partner Jim Shindell. "Developments anchored by globally recognized brands like Four Seasons, especially those backed by best-in-class developers like CMC Group and Fort Partners, continue to attract strong lender interest.”

Reflecting Coconut Grove’s refined, serene atmosphere, the property is situated on the waterfront and surrounded by local boutiques, Michelin-starred restaurants, lush parks and more, offering a connected, relaxing and luxury neighborhood lifestyle.

Sales at Four Seasons Private Residences Coconut Grove are being handled in-house by CMC Real Estate and Fort Realty.

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CMC Group and Fort Partners Break Ground On Four Seasons Private Residences Coconut Grove

South Florida-based real estate development firms CMC Group and Fort Partners have broken ground on Four Seasons Private Residences Coconut Grove, the highly anticipated luxury development marking the global brand’s first standalone residential offering in Florida. Project officials gathered today to celebrate the start of construction on the building and the opening of the development’s sales gallery. The development is expected to welcome residents in early 2028.

“Coconut Grove has always been one of Miami’s most distinctive and beloved neighborhoods, and with Four Seasons Private Residences, we’re introducing a project that celebrates its heritage while redefining the future of luxury living,” said Ugo Colombo, CEO of CMC Group. “Through timeless architecture and meticulous craftsmanship, we’re creating a property that reflects Miami’s continued evolution into a global destination for sophistication and style.”

Designed by Miami-based architect Luis Revuelta with interiors by Florentine designer Michele Bönan, the softly curved 20-story building creates a defining presence on the skyline while providing residents with panoramic views of Biscayne Bay. Four Seasons Private Residences Coconut Grove will offer 70 homes ranging from 2,025 to 3,975 square feet, in addition to four penthouse residences spanning up to 9,690 square feet.

“With Four Seasons Private Residences Coconut Grove, we’re realizing a vision that blends the Grove’s storied past with the world-class service and elegance that define Four Seasons,” said Nadim Ashi, CEO of Fort Partners. “This groundbreaking marks the beginning of an extraordinary community shaped by authenticity, artistry and the enduring spirit of Coconut Grove.”

Homes at Four Seasons Private Residences Coconut Grove will feature open floor plans with drop ceilings throughout the entire unit, ranging from 10 feet 4 inches to 11 feet 6 inches from finished floor to drop. Floor-to-ceiling windows, custom Italian kitchens designed by Molteni and Michele Bönan Interiors with top-of-the-line European appliances and finishes, and bathrooms with Italian cabinetry complemented by Italian marble finishes complete the luxurious interiors. Each home will be accessed via dedicated elevator to a private foyer, creating an intimate arrival experience, and will feature the latest in home automation systems and lighting controls.

Complementing the expansive residences, Four Seasons Private Residences Coconut Grove will offer a resort-style amenities package for residents. Spaces include a restaurant, library, children’s area and private event room, as well as an expansive pool deck and bar lounge serviced by Four Seasons. Residents will also enjoy an incredible on-site wellness experience with impressive features rarely seen in residential buildings. In addition to a state-of-the-art fitness center, yoga room and massage rooms, the spa will offer a cold plunge, hydromassage pool, horizontal shower, leg shower, ice fountain and sauna circuit inspired by ancient Roman bath chambers. Coined the Caesar Experience, the sauna circuit was designed in partnership with Hofer Group, known for designing some of the most prestigious wellness oriented hotel spas throughout Europe.

Residents will also enjoy the benefits of the legendary Four Seasons service even without an attached hotel, including a dedicated Director of Residences, Lifestyle Manager, housekeeping and butler services, in-residence dining, valet, wellness programming and more.

Sales at Four Seasons Private Residences Coconut Grove are being handled in-house by CMC Real Estate and Fort Realty.

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FAA Approves Construction Crane Of 374' At Four Seasons Private Residences Coconut Grove

The FAA has approved a construction crane at the Four Seasons Private Residences Coconut Grove to rise 374’ at 2699 South Bayshore Drive. The Four Seasons Private Residences Coconut Grove is being developed by South Florida-based real estate development firms CMC Group, led by Ugo Colombo, and Fort Partners, led by Nadim Ashi, together with leading luxury hospitality and branded residential company Four Seasons. The Four Seasons Private Residences Coconut Grove will rise 20-stories offering 70 residences with sales being handled in-house by CMC Group and Fort Partners. Sales launched in April 2024.

Set within one of Miami’s most historic neighborhoods and building on the success of Four Seasons’ residential portfolio in South Florida and around the globe, this groundbreaking development will be the first Four Seasons standalone residential offering in Florida.

A world-class team has been selected to bring the vision to life, with acclaimed Florentine designer Michele Bönan at the helm of the interiors and Miami-based Luis Revuelta crafting the architecture. Four Seasons Private Residences Coconut Grove will offer 70 homes ranging from two- to four-bedrooms spanning up to 3,980 square feet. Four penthouse residences will range from nearly 6,430 to 9,690 square feet. The distinctive property will rise 20 stories, providing residents with unobstructed ocean views overlooking Biscayne Bay. Inspired by Coconut Grove’s beloved landscape, a sanctuary beneath the shade of banyan and mahogany trees, the building’s façade is softly curved to blend into the land’s natural rhythm while creating a defining presence on the skyline.

Homes at Four Seasons Private Residences Coconut Grove will feature nearly 11-foot ceilings complementing the spacious, open floor plans. Custom Italian kitchens designed by Molteni and Michele Bönan Interiors feature top-of-the-line European appliances and finishes, while bathrooms include Italian cabinetry and paneling complemented by Italian marble finishes. Each home will be accessed via private elevator, creating an intimate arrival experience, and will feature the latest in-home automation systems and lighting controls.

Designed to provide a luxurious and intimate residential experience, Four Seasons Private Residences Coconut Grove will offer an extensive amenities collection for residents, including a restaurant, library, state-of-the-art gym and yoga room, spa with cold plunge and hammam, children’s area and private event room, as well as an expansive pool deck and bar lounge serviced by Four Seasons. Residents will also enjoy the benefits of legendary Four Seasons service even without a hotel, including a dedicated Director of Residences, concierge, housekeeping and butler services, in-residence dining, valet and wellness programming, among other offerings.

Four Seasons Private Residences Coconut Grove will reflect the neighborhood’s refined, serene atmosphere, steeped in culture and connectedness. Residents will be in close proximity to the water and situated among the town’s beloved local boutiques, restaurants and some of the nation’s leading schools, creating a close-knit community and well-rounded walkable lifestyle.

The collaboration between CMC Group and Fort Partners is driven by the pair’s shared ambition to elevate the standard of living in a market that is yearning for true world-class real estate and hospitality. CMC Group has for years played a pioneering role in developing Miami’s skyline and reshaping the greater condo market in South Florida, while Fort Partners’ long-standing partnership with Four Seasons includes the development of the iconic Four Seasons Hotel and Residences at The Surf Club, Four Seasons Resort Palm Beach, Four Seasons Hotel and Private Residences Fort Lauderdale and ownership of Four Seasons Hotel Miami. Forthcoming developments under the Four Seasons flag are planned throughout Europe and the United States.

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Developers of The Ritz-Carlton Residences Sunny Isles Beach Pay Off $212 Million Construction Loan

Fortune International Group and Château Group, joint developers of The Ritz-Carlton Residences, Sunny Isles Beach, have paid off a $212 million construction loan on the newly opened condominium tower. The developers received the loan from Bank OZK in September 2016. The news comes on the heels of a string of triumphs for the property, which is managed by The Ritz-Carlton and is one of the brand’s only standalone oceanfront condominium high-rises worldwide. The 52-story building at 15701 Collins Avenue, which was designed by award-winning architect Bernardo Fort-Brescia of Arquitectonica and features interiors by acclaimed Florentine architect Michele Bönan, was completed on Feb. 24 when it received its temporary certificate of occupancy (TCO). The tower is already more than 80% sold. Since the building broke ground, each milestone associated with its rise has been monumental, including the pre-construction sell-out of all four penthouses, a record feat for the area. Now, in the midst of the COVID-19 pandemic, the developers have seamlessly completed 100 closings, with a great number of them conducted virtually. They have additionally finalized new sales totaling more than $30 million.

“Paying off this loan so quickly after opening the tower, and in the midst of these extremely challenging times, further confirms the support for our project and the excitement it has generated among buyers across the globe,” said Manuel Grosskopf, CEO of Château Group.

“Our residents have been praising the end-result of the thoughtful and detailed work that has gone into creating and delivering this dream of ours,” said Edgardo Defortuna, President and CEO of Fortune International Group. “The project’s longstanding sales success, as well as these most recent triumphs, have been a testament to the buyers’ recognition of a high-quality project paired with a high-level of service.”

“The most high-profile buyers in the world have been purchasing homes in this condominium, knowing that the services by The Ritz-Carlton, amenities, architecture, and designs will exceed every expectation,” added Grosskopf.

“The Ritz-Carlton Residences, Sunny Isles Beach are a new crown jewel for Miami’s ultra-luxury oceanfront property market,” continued Defortuna.

The Residences, which have no hotel on the premises, resides on a prime coastal location with 250’ of beachfront. The tower is comprised of 209 residences with a private club level on the 33rd floor including private suites for resident guests, beach restaurant and bar, two pool decks, a kids club, full-service spa, fitness center and wellness center, among other top-line amenities. Each of the homes, all of which are smart-technology-ready, include private entrances, both living and master bedrooms with direct oceanfront views, walk-in closets, and pre-wiring for high-speed internet access and Wi-Fi. Remaining residences start at $2.6 million and sales are overseen by Fortune International.

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The Developers of The Ritz-Carlton Residences, Sunny Isles Beach Unveil Striking Pablo Atchugarry Sculpture For Miami Art Week

Marking the culmination of one of the most exciting weeks of the year in Miami, dozens of art world influentials, local luminaries and friends joined leaders with Fortune International Group, Château Group and internationally renowned artist Pablo Atchugarry for the unveiling of “Dreaming the Future,” Atchugarry’s latest sculpture.

The stunning piece, intricately carved from Carrara marble and stretching 11.5’ in height, was commissioned by joint developers Fortune International Group and Château Group for The Ritz-Carlton Residences, Sunny Isles Beach. Revealed during an exclusive on-site ceremony during Miami Art Week, “Dreaming the Future” is now seated at the base of the tower’s entrance, serving as an enduring landmark for the both the condominium and the surrounding community.

“It is an honor and a privilege to share this masterpiece with the City of Sunny Isles Beach and, by that token, all who visit South Florida’s coastline,” said Manuel Grosskopf, CEO of Château Group. “For the last two years, we have worked hand-in-hand with Pablo Atchugarry and the City to create a spectacular work of art that is truly timeless -- one sure to be admired far and wide by generations to come.”

“The synergies between fine art and luxury real estate cannot be overstated -- with The Residences being no exception,” said Edgardo Defortuna, President and CEO of Fortune International Group. “This sculpture is another jewel in the crown of our beautiful building and a tribute to the artistry, architecture and designs that define it.”

“The inspiration behind ‘Dreaming the Future’ is the promise of a bright tomorrow…one full of possibilities. I hope it will continue to inspire all who see it -- encouraging everyone to keep dreaming and be forever guided by their values and principles,” added Atchugarry.

Gathering at the 52-story project for an elegant, late-morning commemoration, guests of the Dec. 6 event included the Mayor of Sunny Isles Beach, George “Bud” Scholl; Commissioners Dana Goldman and Alex Lama; Fortune International Group President & CEO Edgardo Defortuna and Executive Vice President Ana Cristina Defortuna; Château Group father-and-son co-founders Sergio Grosskopf and Manuel Grosskopf; G.M. of The Ritz-Carlton Residences Sunny Isles Beach, Nathalie Rader; and Sales Director Isabella Holguin.

Born in Montevideo, Uruguay, Atchugarry has been widely regarded for his sculptures, which are part of public and private collections worldwide. In addition to having had works of art be sold at auctions by Christie’s and Sotheby’s in London, New York and Paris, his sculptures are currently featured in a myriad of revered galleries across the globe. Atchugarry additionally opened his own family gallery in Miami last December where his collaboration with The Residences was first announced. “Dreaming the Future,” which measures 11-and-a-half feet by four feet by two-and-a-half feet, was crafted in both Italy and Uruguay before being transported to the South Florida high-rise.

As the first building north of Bal Harbour, The Ritz-Carlton Residences, Sunny Isles Beach boasts a prime location with 250 feet of pristine beachfront. The building’s designs have been crafted by award-winning architect Bernardo Fort-Brescia of Arquitectonica with interiors by acclaimed Florentine architect Michele Bönan. Comprising 212 residences and managed by The Ritz-Carlton, the tower will have a private club level on the 33rd floor, beach restaurant, pool deck, kids club, full-service spa, fitness center and wellness center, among other top-line amenities. Residences start at $2.6 million, with the full-floor penthouse offered at $32 million.

Further highlights in each of the homes, all of which are smart-technology-ready, will include walk-in closets, laundry rooms with full-size washers and dryers, and pre-wiring for high-speed internet access and Wi-Fi. Penthouses will feature lush garden terraces spanning 2,000 SF – 4,000 SF, private pools and summer kitchens, custom-designed Italian cabinetry, service quarters, and well-appointed master suites. The sales gallery is located at 15800 Collins Avenue in Sunny Isles Beach.

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