Jade Signature Posts $51 Million In Sales During Q1 2017; Updated Construction Photos
Despite the cooling market, Jade Signature in Sunny Isles Beach has had a very busy sales season! They have closed out the first quarter of 2017 with an astonishing $51 million in sales.
The 57-story luxury tower unites world-class partners including Pritzker Prize-winning architecture firm and design consultants, Herzog & de Meuron, Parisian interior design firm PYR by Pierre-Yves Rochon and landscape architect Raymond Jungles. Buyers were quick to purchase residences from the newly released inventory called “The Collection,” which is comprised of the project’s largest, most expensive and last remaining listings. The overwhelming sales success points to the effectiveness of registering projects in New York City as well as Jade Signature’s attractiveness to the niche but global affluent design-savvy market.
“Now that Jade Signature is nearing completion, buyers can truly understand the high-quality work that our design team produces. They can tour the expansive spaces from their home in New York or on their vacation in Europe using our virtual reality app, and achieving that sense of place is key to our sales efforts,” said Edgardo Defortuna, President and CEO of Fortune International Group. “It’s important to us that buyers are able to imagine their lives in Miami, and I am proud to say that we are accomplishing just that.”
Sales from this quarter came from Brazil, Argentina, South Africa, Mexico and New York. Three residences, including two double-height Sky Villas listed at $14.2 million each, were sold to New Yorkers as result of Jade Signature’s presence in Manhattan, a lucrative market for second-home buyers. Jade Signature is slated for completion toward the end of the year with only a handful of residences left.
Currently available is a selection of three-to-five-bedroom residences as well as a few listings within “The Collection,” including two-story Sky Villas and the upper and lower Penthouses. Homes range from 1,378 to 11,661 square feet and are priced from $2.175 million to $32.9 million. They are selling at an average of $1,500/square foot and closings are expected to begin later this year.
Compare our drone video from last August to the recent construction update photos that we obtained from Suffolk Construction!