NEW YORK — Miami is turning into a place for fashionable living, with a bit of Italian style.
Marking its first branded real estate project globally, Fendi is partnering with Château Group to develop Fendi Château Residences, a 12-story waterfront condo at 9365 Collins Avenue, just south of the The Bal Harbour Shops and slated for completion in June 2016.
It will feature 58 units — apartments and penthouses — from 3,300 to more than 7,000 square feet with 10-foot ceilings and ocean-view terraces. The residences also come replete with a Fendi Casa kitchen and Gaggenau appliances, Italian marble bathrooms as well staff quarters, for example. They are priced from $5 million to $22 million.
“Fendi Château Residences further consolidate our ties in the luxury private property sector, in particular with a qualitative partner like Château Group,” said Fendi chairman and chief executive officer Pietro Beccari. “It fully expresses the codes, history and savoir-faire that characterize Fendi.”
Château Group president Manuel Grosskopf described the building’s architecture as “undulated” in a way that “echoes the waves” of the Atlantic Ocean that it faces. “Its residences and deluxe amenities combine function along with Fendi style on a grand scale for the very first time,” Grosskopf said.
Fendi isn’t the only Italian hitting town. Earlier this month, Giorgio Armani unveiled a partnership with Dezer Development and The Related Group for a new Armani/Casa Residences project in Miami. That 60-story, César Pelli-designed tower will be located in Sunny Isles Beach, north of Bal Harbour.