Vertical Developments

The Armani Group Partners with South Florida Developers for Armani/Casa Residences Pompano Beach

8:00 am on November 20, 2024 By Oscar Nunez

Armani/Casa Residences Pompano Beach, a two-tower luxury condominium project, is coming to 1550 North Ocean Boulevard in Pompano Beach. Developed by SP Developments, Vertical Developments, WellDuo, and GCF Development, the project will introduce 28 exclusive oceanfront residences, each occupying an entire floor across 19 stories. Sales are being led by Fortune Development Sales, with units starting at $5 million. Groundbreaking is scheduled for 2025, with completion expected in 2028.

Developers Unveil First Yacht-Branded Residential Tower: Riva Residenze in Fort Lauderdale

8:00 am on November 2, 2024 By Oscar Nunez

Developers WellDuo, Vertical Developments, and GCF Development, together with Italian yacht maker Riva, have unveiled Riva Residenze, marking the launch of the world’s first yacht-branded residential project. The 20-story development includes 36 residences, occupying two parcels with 200 feet of waterfront and a private marina with slips. Sales and marketing for the project, located at 3019 Harbor Drive, are managed exclusively by Fortune Development Sales, with prices starting at $3.5 million.

25-Story Residential Tower In Edgewater To Be Named ELLE Residences Miami

8:00 am on June 7, 2024 By Oscar Nunez

ELLE Residences Miami will bear the ELLE name as part of a licensing agreement signed with Lagardère Médias News, owner of the ELLE brand. Designed by Behar, Font & Partners and developed by Urban Network Capital Group (UNCG) and Vertical Developments, the 25-story condo will feature 180 units, with short-term rentals permitted. Through affiliate Residences at 5th Avenue LLC, the developers filed plans earlier this year for the 19,292-square-foot site at 445 and 455 Northeast 36th Street and 3618 and 3630 Northeast Fifth Ave in Edgewater. The site was acquired for $13.5 million in 2023.

Developers Acquire 15 Additional Acres For Phase V Of ‘Vision Resort & Spa’ Near Orlando, Florida

8:00 am on January 30, 2024 By Oscar Nunez

Following the recent groundbreaking and record sales success, Urban Network Capital Group (UNCG), in partnership with Vertical Developments and Concepto Taller de Arquitectura, announced the acquisition of 15 additional acres to expand Visions Resort & Spa at 7007 Osceola Polk Line Road in Davenport, Florida. The enhanced footprint for the $170 million resort community brings the property to 42 acres. The transaction closed for $3.75 million.

UNCG And Vertical Developments Propose 27-Story Condo-Hotel At 445 NE 36th Street In Miami

8:00 am on January 15, 2024 By Oscar Nunez

Urban Network Capital Group (UNCG) and Vertical Development have filed plans for a condo-hotel development to be reviewed by the city’s Urban Development Review Board on January 17. The project, strategically located between Miami Design District and Edgewater, involves a 19,292-square-foot site at 445 and 455 Northeast 36th Street and extends to 3618 and 3630 Northeast. Fifth Ave. Currently occupied by four small apartment buildings, the site is conveniently positioned south of Interstate 195 along the exit ramp.

Urban Network Capital Group & Vertical Developments Secure $24.5M Construction Loan for Visions at Brickell Station

8:00 am on December 23, 2023 By Oscar Nunez

Miami-based developer Urban Network Capital Group (UNCG), in partnership with Vertical Developments, has secured a $24.5 million construction loan from Rok Lending for the Visions at Brickell Station development. This wellness-forward condo-hotel project, designed by DTI Architects with interiors by Concepto Taller de Arquitectura, is located in Miami’s Brickell neighborhood. With over 50 percent sold, this project is on track for its expected completion in 2025.

Urban Network Capital Group Breaks Ground On Visions Resort & Spa At 7007 Osceola Polk Line Road In Davenport, Florida

8:00 am on November 16, 2023 By Oscar Nunez

Visions Resort & Spa has officially broken ground, marking the start of construction on the initial phase of the $170 million mixed-use resort community. Designed by Concepto Taller de Arquitectura with interiors by CastillonVanHam and developed by Urban Network Capital Group (UNCG) in partnership with Vertical Developments, the wellness-forward master-planned community will feature luxury single-family homes and townhomes, a 180-unit condo-hotel, and 70,000 square feet of retail space. Residences are designed for short-term stays, allowing owners to rent them through the property’s exclusive hotel program.

UNCG And Vertical Developments Buy Edgewater Site For $13.5 Million With Plans To Build A Condo-Hotel

8:00 am on October 3, 2023 By Oscar Nunez

Urban Network Capital Group (UNCG), in collaboration with Vertical Developments, has acquired a land parcel in the Edgewater neighborhood of Miami’s urban core at 3618 Northeast 5th Avenue. The transaction closed for $13.5 million, with the previous owner being Hotelex Midtown LLC, an affiliate of Hotelex Group. The 4,725-square-foot parcel is zoned T6-24a-O, permitting a structure of up to 24 stories. The partnership between UNCG and Vertical Developments plans to develop a condo-hotel tower on the property; details have not yet been disclosed. Alfonso Jaramillo from Fortune International Realty represented the buyers in the deal.

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