Fortune, Chateau land $463M loan for St. Regis Sunny Isles tower

Fortune International Group and Chateau Group have landed a $463 million construction loan for their St. Regis-branded condominium tower in Sunny Isles Beach, The Real Deal reported Monday.

The financing covers the oceanfront project, which carries the St. Regis flag in a market where the two developers have spent several years assembling capital for the tower in phases. The Real Deal did not break out the lender’s full terms in the portion of its reporting available to this desk, and this story does not state figures beyond the $463 million total.

Why it matters

A loan this size signals that lenders still see enough buyer demand in Sunny Isles Beach’s ultra-luxury condo lane to fund a full tower at once, even as financing for mid-market and spec residential elsewhere in South Florida has tightened. Fortune International and Chateau Group pairing on financing again shows the joint venture structure both firms have leaned on across their South Florida pipeline.

The numbers

The construction loan totals $463 million. That places it among the larger single condo-tower financings reported in Sunny Isles Beach this year, a market dominated by this project and a cluster of competing St. Regis, Aman and other branded residential towers along Collins Avenue.

What’s next

Watch for the lender to be named in follow-up coverage and for permit or closing filings with Miami-Dade County that would confirm construction timing and unit count. This desk will update coverage of the St. Regis Sunny Isles Beach project, part of the broader wave of branded residential development tracked on our South Florida hub, as records become available.