Oak Capital

Forman Capital Funds $54.56 Million Construction Loan for Condominium-Hotel Development in Miami’s Financial District

8:00 am on April 9, 2024 By Oscar Nunez

Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, provided a $54.56 million construction loan to the developer of a condominium-hotel project in Miami’s Brickell Financial District. The 12-story, 172-unit Domus Brickell Park, designed by Zyscovich Architects with Urban Robot Associates as the interior designer, will bring a new condo-hotel brand, Domus FLATS (Flexible Apartments for Temporary Stays), to the market and fill a void for flexible ownership product.

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12-Story Condo Development ‘Domus Brickell Park’ Gears Up To Break Ground Next Month at 1611 SW 2nd Avenue in Miami’s Brickell Financial District

8:00 am on February 29, 2024 By Oscar Nunez

Domus Brickell Park, a 12-story condominium development by North Development—a strategic joint venture between Ricardo Dunin’s Oak Capital and Edifica, one of Peru’s most prominent developers and builders—is gearing up to break ground next month. This milestone follows the successful conversion of reservations to contracts, with over 50% of the 171 residential units already sold, including the project’s sole commercial space. Located at 1611 Southwest 2nd Avenue in Miami’s Brickell Financial District, the project introduces the Domus FLATS concept (Flexible Apartments for Temporary Stays), blending luxury hotel convenience with rental income opportunities for owners, sparking significant interest in the community.

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Pompano Beach’s Tallest Building Approved By The FAA To Rise 353 Feet

8:00 am on September 6, 2023 By Oscar Nunez

The Federal Aviation Administration has issued permits for a new condominium tower that is set to become the next tallest building in Pompano Beach. The upcoming building is the already announced 32-story oceanfront Beach Tower, planned for 1380 South Ocean Boulevard, as part of the Ritz Carlton Residences Pompano Beach. This development is a joint venture partnership between Fortune International Group and Oak Capital. With approval to rise 353 feet, it will surpass the current tallest structures, the 334-foot-tall Pompano Beach Club towers, which have held this title since their completion in 1975. The Beach Tower, facing the Atlantic Ocean, will be joined by a smaller 14-story, 88-unit Marina Tower across the street along the Intracoastal Waterway, designed by Arquitectonica.

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Construction Breaks Ground At 1380 S. Ocean Blvd. For Ritz-Carlton Residences, Pompano Beach

8:00 am on November 22, 2022 By Oscar Nunez

Developers Fortune International Group and Oak Capital are pleased to announce the groundbreaking of The Ritz-Carlton Residences, Pompano Beach. Designed by Revuelta Architecture International with interior and landscape design by world-renowned designer Piero Lissoni, the property will set a new standard for full-service, resort-style living in the tri-county area, offering a collection of 205 residences across a landmark dual-tower setting. The Residences are slated for completion in 2025 and are currently over 75 percent sold. Moss Construction is the general contractor. 

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Fortune International Group And Oak Capital Reveal Sales Gallery For The Ritz-Carlton Residences, Pompano Beach

8:00 am on May 22, 2022 By Oscar Nunez

Developers Fortune International Group and Oak Capital are pleased to announce the grand opening of the over 4,000 square foot beachfront sales gallery for The Ritz-Carlton Residences, Pompano Beach, a dual-tower property of 14 and 32 stories designed by Revuelta Architecture International. The development will offer 205 thoughtfully-designed residences with interiors by world-renowed designer Piero Lissoni, over 35,000 square feet of curated amenities and the legendary Ritz-Carlton service. Located at 1380 S. Ocean Blvd, the sales gallery provides a glimpse of the truly unique residential experience prospective buyers can anticipate with a model kitchen, model bathroom and a gorgeous outdoor deck with a fire pit and private beach area. Fortune International Group is the exclusive sales and marketing team.

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