Domus Brickell Park Now Over 50% Sold As Developer Converts Reservations to Contracts

Domus Brickell Park has converted reservations to contracts, with over 50% of the 171 residential units sold, including its sole commercial space. The project is being developed by North Development, a strategic joint-venture between experienced Miami developer Ricardo Dunin’s Oak Capital and Edifica, one of the largest developers and builders in Peru. Sales of Domus Brickell Park, which launched less than a year ago, now total more than $55 million, with the first commissions to realtors fully paid and the project’s groundbreaking slated for the end of Q1.

Located at 1611 SW 2nd Avenue, in Miami’s Brickell Financial District, Domus Brickell Park is the first offering within the developer’s Domus FLATS (Flexible Apartments for Temporary Stays) portfolio. Delivery is on track for the 2025 winter season, with remaining available units ranging from the $500,000’s to $1.2 million, and from 330 square feet to 947 square feet.

“This is a major milestone – a defining moment punctuated by tremendous marketplace demand,” said Dunin, Founding Partner of North Development. “We have taken our collective decades of experience in high-touch hospitality and exclusive branded condominium residences to reimagine the outdated condo-hotel concept through this new and innovative form. The subsequent interest has been overwhelming, as evidenced by these results.”

Designed by Zyskovich Architects, the 12-story Domus Brickell Park comprises 171 fully-furnished studio, one and two-bedroom condominium residences, each complemented by a palpable sense of home – from private balconies and keyless entry smart lock systems to premium appliances, finishes, and in-unit washers and dryers. Adding to its distinction is the building’s robust array of amenities, which include a 4,200-square-foot central gathering space, a café with baristas, a wine bar with a covered terrace, a gourmet market, lush garden lounge, state-of-the-art gym, steam room, rooftop pool deck, cabanas with daybeds, a hot tub, and a bike share program.

A major component of the Domus FLATS model involves operating efficiencies, which will help reduce owners’ costs -- a direct reflection of the developers’ deep-seated experience in hospitality. For instance, the property will have high-profile, senior-level hotel management oversight. Even the 24-hour valet service will be spearheaded by a company with longstanding ties to luxury hotels across the U.S.

Domus will also implement a reservations platform at par with major hotels, airlines, and other booking services, facilitating ease of access to reservations for prospective guests. The Domus App will allow for seamless check-ins, room and elevator access, and numerous other services and benefits; but there will also be a 24/7 concierge on-site for those guests who would like support at check-in -- or during any part of their stay.

“There is simply no concept quite like Domus FLATS,” said Juan Carlos Tassara, cofounder of Edifica. “Buyers will be able to enjoy the property, and when they choose to rent their units, guests will benefit from a brand conceived not as a condominium, but a hotel. This encourages future business and stability for owners.”

Furthering the project’s draw is the involvement of Domus Management, a subsidiary of North Development that was specifically created to service Domus-branded projects. Domus Management has decades of industry experience, with its partners having developed of some of the world's most celebrated hotels, including the iconic Le Sereno Hotel in St. Barth. Resultantly, just like in a luxury hotel, Domus Brickell Park will mean consistency of product, efficiency, and professionalism, which will translate to a much more robust, short-term rental process for the unit’s owners, as Domus is designed to achieve repeat guests.

“There is no doubt that the differential advantage is our deep-rooted hospitality experience,” concluded Dunin. “It’s an absolute win-win for the unit owners, as well as the individuals to whom they will ultimately rent.”

North Development Launches Revolutionary Condo-Hotel Brand 'Domus' And First Project 'Domus Brickell Park'

Ricardo Dunin, CEO of Oak Capital and the Miami developer who pioneered the South Florida condo-hotel industry in the 90s, and Edifica, one of the largest developers and builders in Peru, have joined forces for the creation of North Development and the launch of DOMUS, a new condo-hotel brand.

North Development’s first project in Miami, Domus Brickell Park, is located the booming Brickell area, at 1611 SW 2nd Avenue, and features 171 fully furnished condo-hotel units rising 12 stories. The studios, one and two-bedroom units, ranging from 330 to 979 square feet, and with prices from the $400,000’s to the $900,000’s, were masterfully designed by Zyscovich Architects, with interiors by Urban Robot. This is the second project between Dunin and Zyscovich, after working together at The Meridian Lofts in Miami Beach.

“Domus Flats is a new condo-hotel brand that will offer the ultimate solution for buyers that want to enjoy their property when in town and maximize rental income when not in residence,” said Ricardo Dunin. “We have incorporated innovative features that have never been seen before and are putting a strong focus on efficiency and hospitality. We have always worked on high end hotels, like when we created the Le Sereno brand in St. Barth, and those are core values that we want transferred to Domus.”

“Our proprietary Domus reservation system, powered by Hosteeva, allows access to over 85 sales channels, that receive over 700 million monthly visits, including all the major channels such as Airbnb, Booking, Expedia, Marriott, which includes the use of Bonvoy points, and several airlines” added Juan Carlos Tassara, managing partner of Edifica. “Our automated dynamic pricing algorithm uses real-time market data to maximize revenue and occupancy.”

Guests can check-in online and receive their unit's access key on their phone before arrival. This not only offers convenience but also increases the building's security by allowing it to get familiar with the guests in advance. The access key is required for elevator use, ensuring that only owners and guests have access to the units. A 24/7 call center for guests will also be available. By eliminating the developer’s ownership of the common areas (commonly known as the “desk”), but still offering professional management for the individual units, owners will pay substantially less in fees without compromising the integrity of the high-end hospitality concept.

Another competitive advantage of the project is that yearly occupancy for more than 6 months and one day in not allowed. This eliminates the natural conflict between permanent residents and the transient rental business, while still allowing for out-of-towners enjoyment of their units when in Miami.

At the heart of the building, in the oversized lobby, is The Peacock Room. This space includes an all-day food and beverage experience, with gourmet coffee, wine, specially brewed beers, and a market. It includes co-working spaces, high speed internet and chill music, which will attract both locals and guests.

Domus Brickell Park features a wellness center, including a steam room and state-of-the-art fitness equipment. There is also a rooftop pool deck with cabanas, a jacuzzi hot tub, a grilling and entertainment area.

The building is expected to open late 2025, and North Development has a long-term interest in utilizing the Domus brand in multiple locations. The project’s sales and marketing for Domus Brickell Park will be exclusively by Cervera Real Estate.

For more information about Domus Brickell Park, private showings or purchasing/ leasing information please fill out the form below:

Fortune International Group and Oak Capital Break Ground On The Ritz-Carlton Residences, Pompano Beach

Developers Fortune International Group and Oak Capital have broken ground on The Ritz-Carlton Residences, Pompano Beach. Designed by Revuelta Architecture International with interior and landscape design by world-renowned designer Piero Lissoni, the property will set a new standard for full-service, resort-style living in the tri-county area, offering a collection of 205 impeccably designed residences across a landmark dual-tower setting. The Residences are slated for completion in 2025 and are currently over 75% sold.

“We are thrilled to begin construction on The Ritz-Carlton Residences, Pompano Beach,” said Edgardo Defortuna, President and CEO of Fortune International Group. “It is always a pleasure to work alongside Oak Capital and the renowned Ritz-Carlton brand. We are excited to see this world-class property redefine luxury for the area with a meticulous design, unparalleled amenities and services, and an undoubtedly exquisite level of sophistication.”

Poised to rise as one of South Florida’s most sophisticated lifestyle-driven properties, the two towers of The Ritz-Carlton Residences, Pompano Beach treat residents to stunning waterfront views and detailed craftsmanship. The 32-story, 117-residence Beach Tower offers a prime location overlooking the pearly white sand and deep blue ocean of Pompano Beach. The 14-story, 88-residence Marina Tower provides an equally magnificent location just across the street, boasting an idyllic snapshot of the intercoastal.

Each tower’s fully finished residences include spacious floorplans, Italian-designed kitchens with top-of-the-line appliances, laundry rooms with full-size washers and dryers, walk-in closets in all primary bedrooms, and service quarters in select residences. Penthouses feature lush garden terraces, a luxurious private pool, a summer kitchen, and stunning 360-degree views of the Atlantic Ocean. Remaining inventory within each tower showcases incredible floorplan options, as each residence has been thoughtfully designed with each Owner’s experience in mind.

“The Ritz-Carlton Residences, Pompano Beach will be an outstanding addition to Pompano Beach, which continues to grow and elevate resort-style living in South Florida,” said Ricardo Dunin, Founder and CEO of Oak Capital. “I’m delighted to break ground on my third property with The Ritz-Carlton brand and to reach this milestone alongside the great team at Fortune International Group. I truly believe this project will be a game changer for South Florida.”

The brand experience enlivens the senses and fulfills even the unexpressed wishes and needs of residents who will enjoy an endless array of specialized, curated services. As such, The Residences offer an expansive collection of over 35,000 square feet of curated amenity space. Amenities include a yacht club with a private resident marina, an oceanfront beach club, sports courts, tropical pool decks, indoor-outdoor social areas, on-premise dining, and much more to further enhance the overall living experience. The property will also include Guest Suites available exclusively for friends and family of residents, with access to services and amenities.

Renderings via DBOX and Berga & Gonzalez. Images via World Red Eye

For more information about The Ritz-Carlton Residences, Pompano Beach, private showings or purchasing/ leasing information please fill out the form below:

The Ritz-Carlton Residences, Pompano Beach To Break Ground This Fall After Passing 75% Sold

The developers of The Ritz-Carlton Residences, Pompano Beach, Fortune International Group and Oak Capital, have announced the dual-tower property set to revolutionize legendary living in Pompano Beach has reached over 75% sold and plans to break ground Fall 2022. The Ritz-Carlton Residences, Pompano Beach will set a new standard for full-service, resort-style living in the tri-county area.

Since launching sales in December, the reservation process has had an overwhelming response from buyers. Buyers at The Residences, Pompano Beach hail primarily from South Florida, the East Coast including New York, Chicago and Boston, and Canada. The outstanding sales and marketing success has been led by Harvey Daniels as Director of Sales alongside his on-site sales team.

“We could not have reached this incredible sales milestone without the help of our dedicated sales and marketing teams and our development division who have worked tirelessly to conceptualize a project that will transform luxury living in South Florida,” said Edgardo Defortuna, President and CEO of Fortune International Group. “The Ritz-Carlton Residences, Pompano Beach will offer a transformative lifestyle and incomparable experiences as Pompano Beach continues to flourish. We are thrilled to be part of The Ritz-Carlton's legacy which will forever transform the city.”

The 32-story Beach Tower offers a prime location on the sands of Pompano Beach and the 14-story Marina Tower provides an equally stunning location just across the street. Each tower highlights fully-finished residences with spacious floorplans boasting ocean and intracoastal views, Italian-designed kitchens with top-of-the-line appliances, laundry rooms with full-size washer and dryer, walk-in closets in all primary bedrooms, and service quarters in select residences. Penthouses feature lush garden terraces, a luxurious private pool, a summer kitchen and stunning 360-degree views of the Atlantic Ocean. Remaining inventory within each tower showcases incredible floor plan options as each residence on-property has been thoughtfully designed with resident experience in mind.

“The Ritz-Carlton Residences, Pompano Beach are one of the most highly amenitized properties in South Florida with over 35,000 square feet of expansive indoor and outdoor amenity space across both towers which will provide for a truly unmatched experience for residents,” said Harvey Daniels, Director of Sales. “As South Florida’s best kept secret, there is an increasingly high demand for new, luxury residences in the heart of Pompano Beach. We have experienced tremendous sales success since the property’s inception which is a major testament to the demand for high-quality, luxury living in South Florida.”

Meticulously designed by Revuelta Architecture International with interiors and landscape architecture by world-renowned Piero Lissoni, The Ritz-Carlton Residences, Pompano Beach will offer an expansive array of over 35,000 square feet of curated amenity space. Amenities include a Yacht Club with a private resident marina, an oceanfront Beach Club, sports courts, tropical pool decks, indoor-outdoor social areas, on-premise dining, and much more to further enhance the overall living experience. The property will also include Guest Suites available exclusively for friends and family of residents with access to services and amenities. Homeowners at The Ritz-Carlton Residences, Pompano Beach will receive unwavering commitment to service and Ritz-Carlton benefits without the transient use.

Renderings via DBOX and Berga & Gonzalez

For more information about The Ritz-Carlton Residences, Pompano Beach, private showings or purchasing/ leasing information please fill out the form below:

New Renderings Revealed Of The Ritz-Carlton Residences, Pompano Beach

Fortune International Group and Oak Capital have revealed new Piero Lissoni-designed interior and new exterior renderings of The Ritz-Carlton Residences, Pompano Beach. The Ritz-Carlton Residences, Pompano Beach will be first luxury address in Pompano Beach and the property will offer 205 residences and over 35,000 square feet of resort-style amenities with stunning views of the Atlantic Ocean and Intracoastal Waterway. The highly amenitized property is the first ever to offer two distinct towers, Beach Tower on the pristine sands of Pompano Beach to the east and Marina Tower with an intracoastal experience and private marina to the west, both of which will be complemented by legendary Ritz-Carlton service.

The interiors and landscape design at The Ritz Carlton Residences, Pompano Beach is designed by Piero Lissoni, who is creative director for Alpi, B&B Italia, Boffi, Living Divani, Lema, Lualdi, Porro and Sanlorenzo for whom he also designs an extensive range of products. Recognized as one of the masters of contemporary design, he has worked with many international brands including Alessi, Antrax, Atlas Concorde, B&B Italia, Bonacina1889, Cappellini, Cassina, Cotto, and more. The architectural design is by Revuelta Architecture International.

“The project of Lissoni New York regards the interior of the two residential towers: one facing the ocean and the other overlooking a marina. Maintaining the same language but defined individually to lend a specific character to each building, the aim was to design environments that were comfortable and welcoming and create sophisticated places for relaxation and socialization, introducing a new lifestyle opportunity for the area of Pompano Beach in South Florida.” Said Piero Lissoni.

The 14-story Marina Tower provides an equally stunning location just across the street from Beach Tower, overlooking 250 feet of waterfront between the Intracoastal Waterway and Pompano Beach’s South Ocean Boulevard. The tower offers 88 residences with sunset views, including four penthouses, which range in size from one to four bedrooms, spanning 917 to 3,947 square feet.

The 32-story Beach Tower offers a prime location on the sands of Pompano Beach with 250 feet of ocean frontage on 2.25 acres of land. A selection of 117 oceanfront residences, including two penthouses, range in size from one to five bedrooms, spanning 1,309 to over 6,824 square feet.

“In the east tower (The Beach Tower), the connection and dialogue with the ocean are amplified right from the entrance by the presence of large pools that flank the approach to the reception. The contemporary design defined by pure lines and forms is expressed through natural materials and light colors with touches of rich blue, while in the west tower (The Marina Tower) the hues are slightly darker. The inspirations for both buildings come from the nautical world and from the warm and Mediterranean atmosphere of a yacht club, while the detailed and almost theatrical lighting design is also elemental in cultivating intimate and welcoming environments. Large glazed volumes define the spaces and appear to bring the lush Caribbean nature indoors.” Said Lissoni.

The two towers offer an expansive array of over 35,000 square feet of curated amenity space. The Residences will offer a Marina Yacht Club with a private resident marina, an oceanfront Beach Club, sports courts, tropical pool decks, indoor-outdoor social areas, on-premise dining, and much more to further enhance the overall living experience

“The landscape design is closely tied to the locality and highlights exotic native species that interplay with the clean and linear geometry of the hardscape, producing a sinuous terrain that calls to mind the forms of desert dunes.” Said Lissoni. “Both inside and outside, water is a central element that dialogues continually with the architecture, becoming a part of it and generating pathways and connections in the process.”

Fortune International Sales is the exclusive sales and marketing team for The Residences, with homes priced from $1 million and completion slated for 2025. The Ritz-Carlton Residences, Pompano Beach are located at 1380 S. Ocean Blvd. in Pompano Beach, Florida.

Renderings via DBOX and Berga & Gonzalez

For more information about The Ritz-Carlton Residences, Pompano Beach, private showings or purchasing/ leasing information please fill out the form below:

One of The Last Vacant Development Parcels In Brickell Sells For $7 Million

One of the last development parcels in Brickell has sold for $7 million with plans for an approved and permitted 60 unit condo or apartment project. Oak Capital, led by Ricardo Dunin, acquired the 19,850 SF, .46 acre lot which is located at 1621 SW 2nd Ave. in West Brickell, just a few blocks away from Brickell City Centre, SLS Hotel, Echo Brickell, Mary Brickell Village, and Brickell Bay Boardwalk. The shovel-ready 60 unit project would rise 9-stories and the location of site and T6-8-0 zoning allows for short-term rentals. The transaction closed on February 1, 2022 and was overseen by FA Commercial’s Fabio and Sebastian Faerman who represented both the buyer and seller. FA Commercial represented the current seller, Carlos Pineda, in the original purchase of this site for $2.7 million to disposition selling the site for $7 million with approved potential for development.

Images via FA Commercial

Fortune International Group And Oak Capital Launch The Ritz-Carlton Residences, Pompano Beach

Fortune International Group and Oak Capital have launched The Ritz-Carlton Residences, Pompano Beach, the first luxury address in Pompano Beach. The highly-amenitized property will offer 205 residences and over 35,000 square feet of resort-style amenities with stunning views of the Atlantic Ocean and Intracoastal Waterway. The Pompano Beach Residences mark the fourth property between the development team and world-renowned brand, which is a testament to the two powerhouse developers’ success and the demand for a never-before-seen residential experience in Broward County.

Set to revolutionize luxury living from sunrise to sunset, the highly amenitized property is the first ever to offer two distinct towers, Beach Tower on the pristine sands of Pompano Beach to the east and Marina Tower with an intracoastal experience and private marina to the west. The collection of 205 residences will be complemented by legendary Ritz-Carlton service.

“The Ritz-Carlton Residences, Pompano Beach will serve as an exquisite, landmark property for the area, elevating the standard of living in Broward County indefinitely,” said Edgardo Defortuna, President and CEO of Fortune International Group, “Fortune International Group is thrilled to work alongside such an esteemed brand once again after a wonderful experience developing The Ritz-Carlton Residences, Sunny Isles Beach. We anticipate similar success in Pompano Beach as we deliver a new level of sophistication, unparalleled service and attention to detail to the area, which the brand is so distinctly commended for.”

Interiors and lush landscape design for The Residences have been meticulously curated by world-renowned designer Piero Lissoni with architectural design by Revuelta Architecture International. The private, residence-only property allows Owners to uniquely experience the best of both worlds on the beach and the Intracoastal Waterway.

The Ritz-Carlton experience enlivens the senses and fulfills even the unexpressed wishes and needs of residents who will enjoy an endless array of specialized, curated services. The property will also include Guest Suites available exclusively for friends and family of residents with access to services and amenities.

“Our development will undeniably be the preeminent project in Pompano Beach for many years to come,” said Ricardo Dunin, Founder and CEO of Oak Capital. “I am incredibly excited to develop my third property with The Ritz-Carlton and to join forces once again with Piero Lissoni, with whom I completed The Ritz-Carlton Residences, Miami Beach. Additionally, The Ritz-Carlton Residences, Pompano Beach mark the first project to be launched under my new company, Oak Capital, and my first project together with Fortune, whose quality of work I’ve always admired. I am convinced that the combined experience of the team will result in a project that will surpass everyone’s expectations.”

The 32-story Beach Tower offers a prime location on the sands of Pompano Beach with 250 feet of ocean frontage on 2.25 acres of land. A selection of 117 oceanfront residences, including two penthouses, range in size from one to five bedrooms, spanning 1,309 to over 6,824 square feet.

The 14-story Marina Tower provides an equally stunning location just across the street from Beach Tower, overlooking 250 feet of waterfront between the Intracoastal Waterway and Pompano Beach’s South Ocean Boulevard. The tower offers 88 residences with sunset views, including four penthouses, which range in size from one to four bedrooms, spanning 917 to 3,947 square feet.

Intended as an extension of resident living space, the two towers offer an expansive array of over 35,000 square feet of curated amenity space. The property is set to enrich the lives of residents across five pillars -- Marina, Beach, Wellness, Entertainment and Dining -- providing unique experiences from sunrise to sunset. The Residences will offer a Marina Yacht Club with a private resident marina, an oceanfront Beach Club, sports courts, tropical pool decks, indoor-outdoor social areas, on-premise dining, and much more to further enhance the overall living experience.

Further highlights within each fully-finished residence include spacious floorplans boasting ocean and intracoastal views, Italian-designed kitchens with top-of-the-line appliances, laundry rooms with full-size washer and dryer, walk-in closets in all master bedrooms, and service quarters in select residences. Penthouses feature lush garden terraces, a luxurious private pool, a summer kitchen and stunning 360-degree views of the Atlantic Ocean.

Fortune International Sales is the exclusive sales and marketing team for The Residences, with homes priced from $1 million and completion slated for 2025.

The Ritz-Carlton Residences, Pompano Beach are located at 1380 S. Ocean Blvd. in Pompano Beach, Florida.

For more information about The Ritz-Carlton Residences, Pompano Beach, private showings or purchasing/ leasing information please fill out the form below: