Fortune International Group Explained

Fortune International Group
Industry:Real Estate
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Successors:-->
Foundation:| founder = Edgardo Defortuna| defunct = | location_city = Miami, FL| location_country = USA| locations = | area_served = South Florida| key_people = | products = | brands = | production = | services = | revenue = | operating_income = | net_income = | aum = | assets = | equity = | owner = | members = | num_employees = 100| parent = | divisions = | subsid = | website = http://fortuneintlgroup.com/| footnotes = | bodystyle =

Fortune International Group is a Miami-based real estate company with development projects in South Florida, Latin America, and Europe.[1]

Overview

Fortune International Group offers a range of services, including real estate design and development, construction, general brokerage, project sales and marketing, and asset management services.[2]

Edgardo Defortuna is the President and CEO of Fortune International Group.[3]

History

In 1983, Edgardo Defortuna founded Fortune International Group.

In 2004, the company completed Jade Residences project, a residential skyscraper in Brickell, Miami.[4]

In 2013, the group began sales and construction of Jade Signature which was the fourth "jade" building by Fortune International Group. Jade Signature was designed by Herzog & de Meuron and has fifty-seven stories.[5]

In January 2015, entities owned by Defortuna and his associates, collectively owning a total of five condo units at the Tropicana, filed a lawsuit challenging the condo association’s plan to change its governing documents, the first step in the association’s plan to dissolve the building’s condo status and sell the building.[6]

In June 2022, Fortune International Group formed a partnership with Saunders & Associates, a real estate brokerage in New York. As a part of the partnership, the two firms will refer clients between each market.[7]

In October 2022, Fortune International Group partnered with Christie’s International Real Estate as Christie’s affiliate in Miami-Dade and Broward counties.[8]

Notable projects

The company’s notable projects include Jade Residences at Brickell Bay, Jade Beach, Jade Ocean, Jade Signature, The Ritz-Carlton Residences-Sunny Isles Beach,[9] Artech, Auberge Beach Residences and Spa Fort Lauderdale, 1200 Brickell, Le Meridien Sunny Isles Beach.

External links

Notes and References

  1. Web site: Blatter . Lucy Cohen . Miami Developer on an Upcoming Inventory Glut, Understated Luxury and More . 2022-11-22 . www.mansionglobal.com . en-US.
  2. Web site: Fortune International Group Company Profile: Overview & Executives PitchBook . 2022-11-22 . pitchbook.com . en.
  3. Web site: Miami Mayor Francis Suarez Says City Is Growing Faster Than Ever At Panel Discussion With Developers . 2022-11-22 . www.cbsnews.com . en-US.
  4. Web site: Fortune International Group . 2022-11-22 . www.jadesignature.com.
  5. Web site: 2018-03-12 . Herzog & de Meuron completes Jade Signature skyscraper in Miami . 2022-11-22 . Dezeen . en.
  6. Web site: Friedman . Robyn A. . Legal Battle Pits Wealthy Developer Against Senior Condo Board . 2022-11-22 . WSJ . en-US.
  7. Web site: Regan . Patrick . 2022-06-29 . Miami's Fortune International Group forms alliance with Saunders & Associates in the Hamptons . 2022-11-22 . South Florida Agent Magazine . en-US.
  8. Web site: Hourie . Ilya . 2022-10-14 . Fortune International Group Partners with Christie's Real Estate . 2022-11-22 . The Real Deal South Florida . en-US.
  9. Web site: CARY . BILL . A Duplex Penthouse With Its Own Pool Atop a 57-Story Tower in Sunny Isles Beach, Florida . 2022-11-22 . www.mansionglobal.com . en-US.