Three years after commencing marketing for the ORA by Casa Tua residential tower in Miami's Brickell financial district, Fortune International Group has secured an equity partner. Romanian developer One United Properties is taking a stake in the project with an investment of $43 million.
The planned residential tower will comprise 77 storeys and 533 units at 1210 Brickell Avenue, close to the intersection with Southeast 13th Street and directly opposite Fortune International Group's corporate headquarters. Construction is scheduled to begin in the first quarter of 2027. The developer secured the approximately one-acre site in 2024 for $30 million, one year after condominium sales launched. Current sales figures have not yet been disclosed by the company. All residences are to be handed over to buyers fully furnished.
First branded residential project for Casa Tua
The development represents the first residential high-rise under the Casa Tua brand, an Italian-inspired hospitality concept founded by husband and wife Micky and Leticia Grendene. Since 2025, Fortune International Group, led by Edgardo Defortuna, has also been accepting capital through the US EB-5 programme, which offers foreign investors the prospect of residency rights in the United States.
David Flusberg, U.S. Managing Partner at One United Properties, stated that following months of reviewing various market opportunities, the project stood out due to its prime location in Brickell, approved building plans, solid pre-sales figures and reputable partners. One United Properties was founded in 2007 and listed on the Bucharest Stock Exchange in 2021. The company's market capitalisation currently stands at approximately $780 million.
Large-scale construction loans for Fortune's development pipeline
The equity investment follows a series of substantial debt financings that Fortune International Group recently agreed for several luxury residential projects in Miami-Dade County. The recently finalised credit facilities include significant sums:
- —An $817 million construction loan for the Faena-branded development on the waterfront in Downtown Miami, the largest construction loan in Florida's history to date
- —Financing of $463 million for the completion of the beachfront St. Regis Residences in Sunny Isles Beach
- —A pre-development loan of $220 million for a waterfront project on Key Biscayne
With the new partnership and the committed funds, the developer reinforces the delivery of its prime condominium projects in South Florida's buoyant property market.
