Fortune International Group is a real estate development, sales and marketing, and brokerage firm based in Miami, Florida.[1]
| Industry | Real Estate |
|---|---|
| Founder | Edgardo Defortuna |
| Headquarters | , USA |
Area served | South Florida |
Number of employees | 100 |
| Website | http://fortuneintlgroup.com/ |
Overview
editThe company was founded in 1983 by Edgardo Defortuna. The company operates across 20 office locations, employing over 1,000 multilingual local real estate professionals.
Throughout its history, Fortune has developed over 30 residential towers and marketed and sold over 120, representing 31,000 residential units. The company has also developed 8 million square feet of real estate and maintains a global network of over 100,000 luxury real estate professionals.
History
editEdgardo Defortuna moved to Miami from Argentina in 1983 to pursue a master's degree in business at the University of Miami. During his studies, he observed an influx of Latin American buyers investing in Miami real estate and identified a gap in the market to address the specific needs of these buyers. He began assisting these investors with property management, which eventually evolved into a brokerage called Fortune International Realty, focused on international buyers.[2]
In the early 1990s, Fortune Development Sales was formed to serve developers of residential condominium projects by providing on-site sales representation. By 1998, Edgardo and his team create a proprietary new development platform to develop their own properties. As the business grew, additional entities were formed to expand the company’s offerings. Recognizing the need to consolidate these operations under a unified brand, Edgardo established Fortune International Group as the umbrella organization.[3]
The first development that Fortune International Group got involved with was Grandview in North Bay Village. After Grandview, Fortune International Group developed Jade Residences at Brickell Bay in the early 2000s, the first property to be developed by the company from the ground up. This project was a 50-story tower that introduced smart home technology to Miami's residential market. This project marked the start of the Jade series of developments.[4]
Subsequent projects included Jade Beach (2008), Jade Ocean (2009), and Jade Signature (2018) in Sunny Isles Beach, the latter in collaboration with the architecture firm Herzog & de Meuron and interior designer Pierre-Yves Rochon.[5] Since then, the company has expanded its portfolio with projects in Brickell, Key Biscayne, Coral Gables, Aventura, Miami Beach, Sunny Isles Beach and Pompano Beach.[6]
In 2022, Fortune International Group formed a partnership with Christie’s International Real Estate, becoming the affiliate in Miami-Dade and Broward Counties. The partnership provides Fortune and its agents access to state-of-the-art technology and marketing platforms, as well as training resources.[7]
Past Projects
editFortune International Group has developed several real estate projects, including:[8]
- Grandview (1998): A residential development on Millionaire’s Row in Miami Beach.
- Jade Residences at Brickell Bay (2004): A 50-story residential tower in Miami.
- Le Meridian (2005): Fortune International Group’s first condo-hotel and the hotelier’s first resort in Florida. Le Meridien is part of the Starwood Hotel portfolio.
- Jade Beach and Jade Ocean (2009): Residential buildings in the Jade series.
- Artech, Aventura (2008): A residential building designed by architect Carlos Ott.
- 1200 Brickell and Village Plaza: Additional projects completed in the late 2000s.
- Reach & Rise (2016): Two exclusive residential towers located above the globally recognized Brickell City Centre.
- Hyde Resort & Residences (2017): A residential project in collaboration with the Related Group of Florida.
- Auberge Beach Residences & Spa (2018): A residential development in Fort Lauderdale.
- Jade Signature (2018): A residential tower in Sunny Isles Beach.
- The Ritz-Carlton Residences, Sunny Isles Beach (2019): A branded residential project.
- Jade Park (2022): A three-tower residential building and the first Jade to be developed in Latin America.
- 1110 Brickell: The renovation of a 97,000-square-foot, mid-rise building.
- 1200 Brickell: The conversion of a 20-story, 50-office, Class-A building into an office condominium.
- Grand Bay Villas: A gated community in Key Biscayne.
- Villas of Vizcaya: A gated Brickell community comprising 13 unique homes.
- OCEANBLUE: A boutique 104-unit condominium.
- The Bridgewater: A 21-story condominium with 118 residences in North Bay Village, FL.
- Residences Del Lago: A 25-unit residential building in Carlos Paz, Argentina.
- Chateau Village: 72 residences in a 3.7-acre park.
- Village Plaza: Two towers with 55 residences in Cordoba, Argentina.
- Oceana: 142 residences and 12 villas in Key Biscayne.
Future Outlook
editFortune International Group current developments include:[9]
- Nexo Residences (2025): A development in North Miami Beach focused on shared homeownership.
- The Ritz-Carlton Residences, Pompano Beach (2026): A residential project in Pompano Beach.
- St. Regis Residences, Sunny Isles Beach (2027): A residential development in Sunny Isles Beach.
- ORA by Casa Tua (2028): A mixed-used development in Brickell.
- Jade Signature: An oceanfront residential tower in Sunny Isles Beach.
Current Exclusive Sales Projects
editFortune International Group current exclusive sales projects include:[10]
- The Residences at Mandarin Oriental, Miami
- Cipriani Residences Miami
- Bay Harbor Towers Miami
- Pagani Residences
- Elle Residences
- One Hollywood Residences
- 2000 Ocean
- Icon Beach Residences
- Viceroy Brickell, The Residences
- Baccarat Residences
- Casa Bella Residences
- Missoni Baia
- Una Residences
- Alana
- Monaco Yacht Club and Residences
- Onda
- Nomad Residences
- Okan Tower
- One Metropica
- Mandarin Oriental Residences, Barcelona
- Antares, Barcelona
- Panorama Tower
Achievements & Recognition
editFortune International Group has received numerous accolades and industry recognitions for its contributions to real estate development, particularly in South Florida. Awards include:
2018
- Best of Show Award in Florida’s Best Awards, presented by the Builder’s Association of South Florida (BASF) [1]
- Ranked first place in the “High Rise Product for Sale, $5,000,001 and Over” category for: Builder’s Overall, Architecture, Interior Design, and Landscape Design [2]
- Structures Awards Best Architecture and Design from the South Florida Business Journal – Jade Signature [3]
- Best Residential High-Rise Development, Florida – Jade Signature [4]
- Best Residential High-Rise Architecture, Florida – Jade Signature [5]
- Residential Interior Private Residence, Florida – Jade Signature [6]
2019
- Bronze Medal Award in Miami Today [7]
- American Architecture Award presented by The Chicago Athenaeum [8]
- Named Most Innovative Beachside Residential Development in Build Magazine – Jade Signature [9]
2020
- Named Developer of the Year [10]
- Development of the Year – The Ritz-Carlton Residences, Sunny Isles Beach [11]
2022
- Named Developer/Builder of the Year [12]
- New Development of the Year – The Ritz-Carlton Residences, Pompano Beach [13]
2023
References
edit- ^ Blatter, Lucy Cohen. "Miami Developer on an Upcoming Inventory Glut, Understated Luxury and More". www.mansionglobal.com. Retrieved 2022-11-22.
- ^ Cohen Blatter, Lucy (October 12, 2020). "Miami Developer on an Upcoming Inventory Glut, Understand Luxury and More".
- ^ Limsky, Drew (2021-09-20). "Edgardo Defortuna Built an Illustrious Career by Seeing Things That Others Missed". S. Florida Business & Wealth. Retrieved 2024-09-27.
- ^ "Our Story – Fortune International Group". fortuneintlgroup.com. Retrieved 2024-09-27.
- ^ "Herzog & de Meuron completes Jade Signature skyscraper in Miami". Dezeen. 2018-03-12. Retrieved 2024-09-27.
- ^ "Past Development Projects – Fortune International Group". fortuneintlgroup.com. Retrieved 2024-09-27.
- ^ Kallergis, Katherine (2022-10-14). "Fortune partners with Christie's". The Real Deal. Retrieved 2024-09-27.
- ^ "Past Development Projects – Fortune International Group". fortuneintlgroup.com. Retrieved 2024-09-27.
- ^ "Current Development Projects – Fortune International Group". fortuneintlgroup.com. Retrieved 2024-09-27.
- ^ "Current Sales Projects – Fortune International Group". fortuneintlgroup.com. Retrieved 2024-09-27.