Lionheart Capital, a Miami-based real estate development firm, has reached the home stretch of construction after receiving TCO approval for The Ritz-Carlton Residences, Miami Beach. Since launching sales, the project has become the largest residential adaptive reuse project in South Florida, the first full-scale architectural project in the U.S. by master Italian architect, Piero Lissoni and the only residential project in Miami Beach situated on over seven-and-a-half acres. Sales are currently at over 70% of the 111 units which offer 60 unique floorplans. Amenities at The Ritz-Carlton Residences, Miami Beach include a half-acre rooftop pool deck, ecological food forest and community garden, house yacht and 36-slip private marina. Additionally, the world’s first residential art studio and sharing room, medical concierge with celebrity author of The South Beach Diet, Dr. Arthur Agatston, social rooms, cinema, children’s room, and library further complement the Ritz-Carlton lifestyle. The Residences range in size from 2,000 SF to over 10,000 SF, priced from $2 million to over $40 million.

“Turning a set of massive historical structures into one cohesive modern masterpiece was no easy feat and our team has made it a tremendous success. The best things in life are worth waiting for and we have designed this project meticulously, taking the time to integrate the development seamlessly with the surrounding community,” said Ophir Sternberg, CEO and founding partner of Lionheart Capital. “The wait is finally over, and we are looking forward to welcoming residents to this exclusive real estate collector’s item, designed for life.”

“The excitement has been building with our residents and prospective buyers leading up to this much anticipated announcement,” according to Jay Parker, CEO of Douglas Elliman’s Florida Brokerage. “Unlike the buying habits of today’s market, where buildings are torn down every few years, this project has been curated as an investment for the long term, as an instant classic with only the finest architecture, best in class interior design, world’s first amenities of their kind and exclusive location that cannot be replicated.”

“Unlike other projects in the area, these residences feel like single-family homes instead of ‘cookie cutter’ condo units,” explained Jason Rosenhaus, Vice Chairman of Rosenhaus Sports Representation and buyer at The Residences. “My family and I are looking forward to begin moving in this month, as Lionheart Capital has spared no expense to ensure perfection and have made this irreplaceable home worth the wait.”

Photo Credit: Courtesy of The Ritz-Carlton Residences, Miami Beach