Another South Florida developer formed a partnership with a luxury brand to build a high-end condo project.
Italian firm Fendi is joining forces with Chateau Group for the 12-story, 58-unit Fendi Chateau Residences in Surfside, according to Monday’s written announcement from a project spokesperson. The waterfront building is Fendi’s first branded real estate development. The companies hope to finish the 9365 Collins Avenue project by June 2016.
Condos at Fendi Chateau Residences range in size from 3,300 square feet to more than 7,000 square feet. Prices run from $5 million to $22 million. Each unit includes a Fendi Casa kitchen, or a full chef’s kitchen with custom Fendi Casa cabinets and Gaggenau appliances.
Other planned features include common areas with a private restaurant, a lounge with a gourmet kitchen, a library, business center, ballroom, private cinema and gym. The building would also have multiple beachfront pools with cabanas, reflective ponds and a relaxation terrace with aromatherapy.
“Fendi Chateau Residences further consolidate our ties in the luxury private property sector, in particular with a qualitative partner like Chateau Group,” Fendi chairman and CEO Pietro Beccari said. “It fully expresses the codes, history and savoir-faire that characterize Fendi.”
Last week, the collaboration between Armani Group, Dezer Development and the Related Group for a Sunny Isles Beach condo project was made official. — Eric Kalis