Porsche Design Tower Under Way

Dezer Development and Porsche Design Group broke ground recently on Porsche Design Tower Miami, a 60-story tower in Sunny Isles Beach with 132 residences, about half of which are sold. Dezer Development prez Gil Dezer tells us thatas par for the course these days in Miami-Dadethe pool of buyers has been international. Pictured: Dezer Development founder Michael Dezer, Sunny Isles Beach Mayor Norman Edelcup, Gil Dezer, Porsche Design Group CFO Frank Angelkoetter and CEO Juergen Gessler. (These men did not come dressed to play in the dirt.)

The development has received interest and buyers mostly from South and Central America, and even some from the US, Gil adds. Russians are interested as well. (Probably since US real estate beats a Cypriot bank account any day of the week, and twice on Sundays.) Among other amenities, Porsche Design Tower Miami sports an automobile lift system (elevator, that is), which will allow owners to park their vehicles in sky garages directly next to their units. First pioneered by Q for James Bonds Aston Martins, auto lift system technology is increasingly popular commons not quite the termin upper-end multifamily residential properties.

Keep calm, carry on, and send ideas and suggestions to dees.stribling@bisnow.com.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's South Florida Newsletters
Related Stories

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines