Fortune International Group and Chateau Group are set to redefine Miami's real estate landscape with the groundbreaking of the St. Regis Residences Sunny Isles Beach, a luxury condo development that promises to be the tallest tower in Sunny Isles Beach. Rising 750 feet in 62 stories at 18801 Collins Ave, the St. Regis Residences will top the Estates at Acqualina, which stands at 672 feet.

The first phase of the project will feature 175 condos, ranging from 2,000 to 10,000 square feet, with prices starting at $5 million and penthouses priced over $60 million. The St. Regis used to have more condos, but many buyers decided to combine units into bigger condos for their families. The increase in American buyers in the condo market has been unprecedented, with American buyers comprising 65% of the buyers, followed by Latin America and Europe.

After launching sales of the St. Regis about 18 months ago with the team of brokers at Fortune International leading the way, the first phase is about 75% pre-sold, equating to over $900 million in sales, with the highest a penthouse with a private pool sold to a Brazilian customer for $55 million. The project is estimated to cost $800 million to develop.

The St. Regis Residences Sunny Isles Beach will offer over 70,000 square feet of amenities, including a fitness center, a spa, a sunset-facing pool, a beachfront pool, a coworking center, eight suites that can be rented exclusively for guests of condo owners, and a clubhouse with a private dining area. The project will also feature two public restaurants, one on the beach and one in the lobby.

Miami-based Arquitectonica designed the project Coastal Construction is the general contractor. The first phase is expected to be delivered in mid-to-late 2027, with the second phase likely to have fewer units, perhaps around 120.

“The location and the quality of the project and the St. Regis brand all become very attractive for them,” said Fortune International CEO Edgardo Defortuna. “These will be great residences with great finishes and spectacular amenities.”