2013-12-30 19:23:04 - Real estate professionals at Amity Realty reveal the latest on Miami investment opportunities at the iconic Porsche Design Tower.
Porsche Design Tower is one of the most anticipated Miami pre-construction projects in South Florida, and for good reason. Bringing together one of the biggest names in real estate, Gil Dezer of Dezer Development, and one of the most respected names in luxury design, Porsche Design Group, this exclusively posh condominium features an extraordinary automobile lift system which will allow owners to park their cars in “sky garages” next to their living rooms.
Porsche Design Tower is unique in more ways than one according to Amity Realty. Dezer Development has recently closed one of the largest single loans for a condo real estate project in South Eastern United States at $214 million with Wells Fargo.
"This is extremely positive news
for real estate financing and the recovery of the residential real estate market in South Florida," says Gil Dezer. "It is also a testament to how this one-of-a-kind project has been received by our buyers, as well as the lending community."
This $560 million project will be completed in 2016, though according to the latest information, the homebuyers and investors have already invested some $535 million buying apartments in the skyscraper, which represents more than half of its total 132 units.
The building’s expansive residences range in size from 4800 to 17000 square feet and are priced from $4.8 million to $32.5 million. The payment for buyers is structured as follows:
- An initial deposit of 10 % with contract;
- A second deposit of 10 % at the beginning of construction;
- The third deposit of 10 % is payable when the building reaches the buyer’s floor in 2014/2015.
- The balance 70 % is due upon closing in 2015/2016.
To learn more about investment opportunities at Porsche Design Tower contact Amity Realty at 786-220-2512 or by email: email@example.com
About Amity Realty: Amity Realty is an international network of real estate professionals in US and Europe with extensive experience in delivering unparalleled real estate service to a discerning clientele. Amity Realty in Sunny Isles Beach consists of passionate team of real estate professionals specializing in luxury waterfront residential and commercial properties in South Florida. For more information or to inquire about properties visit Amity Realty online at www.amityrealtyusa.com