Ritz-Carlton Residences Miami Beach: TCO in AprilFebruary 22, 2019
The long-delayed Ritz-Carlton Residences, Miami Beach, is now expected to receive its temporary certificate of occupancy in April and begin closings later that month or in early May.
Developer Ricardo Dunin, founding partner of Lionheart Capital, said construction of the luxury condominium project is nearly completed.
“Many units are finished and locked, and most of the building is done,” Dunin said. “We just have to go through all the fire safety inspections and get the city’s approval.”
The development, with 111 condos and 15 standalone villas, has prices ranging from $2 million to $40 million. Designed by Italian architect Piero Lissoni, the project is on Surprise Lake at 4701 North Meridian Avenue, on the former site of the Miami Heart Institute in a residential area of Mid-Beach. It is being developed by Miami-based Lionheart Capital with New York-based Elliott Management Corp.
Since launching sales in 2014, the Ritz-Carlton Residences, Miami Beach has presold about 75 condos or nearly 70 percent of the units, Dunin confirmed.