South Florida’s ultra-luxury residential market has achieved yet another major milestone. Fortune International Group and Château Group have successfully secured a massive $463 million financing package from Madison Realty Capital for The St. Regis Residences, located at 18801 Collins Avenue in Sunny Isles Beach. This substantial capital injection represents one of the most significant real estate financing deals along Miami-Dade County’s northern coastline in recent memory, underscoring the enduring appetite among institutional lenders for high-end, branded oceanfront developments.
The newly secured capital serves a dual purpose for the development team. A significant portion of the funds will be used to refinance approximately $418 million in existing debt previously provided by Bank OZK. The remaining capital will be funneled directly into funding the continued construction of the project’s highly anticipated 170-unit South Tower. The St. Regis Residences, Sunny Isles Beach, is designed as a sprawling luxury enclave featuring two planned 62-story glass towers that will dramatically redefine the local skyline and elevate the standard of coastal living in the region.
South Tower Construction and Sales Progress
Construction on the South Tower officially kicked off in 2023, marking the beginning of a multi-year development timeline that anticipates final completion by the end of 2028. As vertical progress continues to reshape the oceanfront landscape along Collins Avenue, the development team has also reported staggering commercial success on the sales front.
Approximately 80 percent of the residences within the South Tower have already been presold. This extraordinary sales velocity translates to more than $1.6 billion in contracted sales, a clear indicator that affluent domestic and international buyers remain heavily invested in securing ultra-luxury branded properties in prime South Florida locations. This robust presale activity provided an essential backdrop for the new financing, offering institutional lenders like Madison Realty Capital a high degree of confidence in the project’s financial viability and buyer commitment well ahead of its scheduled completion date.
Meanwhile, planning and preparatory phases continue for the development’s second major component, the 150-unit North Tower. While construction on the North Tower has not yet officially commenced, the building achieved a critical financial milestone earlier in 2026 when it secured approximately $114 million in financing from City National Bank of Florida. When fully realized, the dual-tower development will encompass a total of 320 exclusive residences stretching along one of the most coveted stretches of the Atlantic coastline.
Berkadia Arranges Construction Financing
orchestrating a capital stack of this magnitude requires sophisticated financial advisory and brokerage expertise. The complex $463 million transaction was expertly arranged by a dedicated team of professionals from Berkadia. The brokerage team instrumental in closing the deal included Scott Wadler, Michael Basinski, Mitch Sinberg, Matt Robbins, Brad Williamson, and Matthew Monahemi.
Madison Realty Capital, a prominent New York-based commercial real estate investment firm with a strong track record in major metropolitan and high-growth markets, stepped in to provide the comprehensive financing package. By stepping up to replace the existing Bank OZK debt while simultaneously supplying fresh construction capital, Madison Realty Capital has further cemented its footprint in South Florida’s competitive real estate sector. The transaction marks another strategic, high-profile commitment by the firm to the Sunny Isles Beach luxury residential market, reflecting a broader trend of private real estate lenders deploying substantial capital into premier coastal developments.
Financing Highlights Continued Investment in Branded Residences
The successful closing of The St. Regis financing vividly illustrates the substantial capital requirements and complex financial engineering associated with developing high-rise, oceanfront condominiums in South Florida. Constructing architectural masterpieces of this scale along a marine-environment coastline demands immense financial backing, meticulous planning, and strong partnerships between developers, financial institutions, and specialized brokers.
Furthermore, the project’s reported presales—surpassing $1.6 billion—demonstrate how established, top-tier developers can effectively leverage contracted condominium sales to unlock institutional financing for massive, multi-phase projects. In an economic environment where construction lending can often be selective or conservative, robust pre-construction sales serve as a powerful validation tool for lenders assessing risk.
The transaction also shines a light on the resilient demand for branded residences. Buyers across the globe continue to place a premium on the legendary services, management, and lifestyle associated with luxury hospitality brands like St. Regis. This consumer preference has, in turn, ensured that private real estate lenders remain deeply engaged in financing branded luxury residential developments along the Sunny Isles Beach coastline and the broader South Florida region.
Key Facts
Property: The St. Regis Residences, Sunny Isles Beach
Location: 18801 Collins Avenue, Sunny Isles Beach, FL
Asset Type: Luxury Oceanfront Condominium Development
Transaction Type: Construction Financing / Debt Refinancing
Developer: Fortune International Group and Château Group
Size: Two 62-story towers totaling 320 residences (170 in the South Tower; 150 in the North Tower)
Financing: $463 million provided by Madison Realty Capital
Previous Financing: Approximately $418 million previously provided by Bank OZK
Brokers: Berkadia, represented by Scott Wadler, Michael Basinski, Mitch Sinberg, Matt Robbins, Brad Williamson, and Matthew Monahemi
Other Notable Details: The South Tower is approximately 80% presold, representing more than $1.6 billion in sales, with completion anticipated by year-end 2028. The North Tower previously secured approximately $114 million in financing from City National Bank of Florida earlier in 2026.
