Fortune International Group and Château Group, developers of The St. Regis Residences, Sunny Isles Beach, Miami, have successfully secured a $418.3 million construction loan package from Bank OZK. This financial milestone is one of the largest ever for Sunny Isles Beach real estate, confirming the completion of the capital stack for the under-construction, two-tower oceanfront development.

The project continues to demonstrate exceptional market success and sustained buyer demand. The South Tower (170 residences) is now 90% sold, leading developers to project that the total sell-out for both buildings will exceed $3 billion. Developers credit the loan and sales momentum to the strong confidence lenders and buyers have in their vision for South Florida's evolving luxury market.

The acclaimed firm Arquitectonica designed the St. Regis Residences and features an unprecedented 435 linear feet of oceanfront—the most of any residential enclave currently rising in the region. The South Tower is on track for completion in late 2028, while the North Tower (150 residences) will break ground next year. Remaining residences start at $5 million.