Porsche Design Group (PDG) has broken ground on its 60-story landmark "ultra-luxury" tower in Miami. The skyscraper, which represents PDG's first foray into residential real estate, has reportedly sold 50 percent of the 132 units, already amounting to more than $400 million in sales.
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President of New York/South Florida Dezer Development, Gil Dezer, and President and CEO of Porsche Design Group, Dr. Juergen Gessler, are prepared to elevate luxury by commemorating the groundbreaking of the Porsche Design Tower Miami. The ultra-luxury, 60-story tower represents Porsche Design’s first landmark foray into residential real estate. It already has over 50% of the building’s 132 residences under contract, amounting to a total of over $400 million in sales.
“The initial success of the sales process is a true testament to the new dimension Porsche Design Tower Miami is bringing to South Florida’s high-end real estate market,” said Gil Dezer, president of Dezer Development. “We are thrilled to be hosting this momentous occasion and to be delivering a product with the ground-breaking ingenuity and superlative quality that is synonymous with Porsche Design.”
The units range from 4,200 to 17,000 square feet and are priced from $4.5 million to $25 million. The tower will have an innovative automobile lift system, which will allow owners to park their vehicles in “sky garages” directly next to their units. The tower will also include a plunge pool, outdoor summer kitchens on the balconies, a state-of-the-art spa equipped with treatment rooms and a sunset terrace, spa tubs, oceanfront ballroom, multipurpose clubrooms and a “Car Concierge.”