An unbelievable new concept in living: Porsche and Dezer unite to create a masterpiece

Living on the Ocean in Sunny Isles Beach, Florida is already heaven on earth...the luscious silky sand beach, the endless ocean views, some of the top restaurants and shopping at your doorstep..luxury condo living...what more could you want?

How about being able to park your car outside your door ...even if you are on the 57th floor???!!!!

Well that is the new concept building that has been approved by the City of Sunny Isles Beach and is being designed by none other than the ultimate in car design ..PORSCHE. In conjunction with Dezer Properties the company that has already bought us such trophy properties as Trump Towers I,II,III, Trump Palace & Trump Royale, the Porsche Design Group are planning a 57-story residential tower with a robotic parking system so condo owners can park beside their units.

The 132-unit tower marks Porsche's inroad into residential.

The building will feature three circular platforms at the building's center that operate as "passenger-speed automobile elevators" outfitted with sensors to navigate to the correct floor. The vehicles will then be parked at one of 284 robotic parking spaces adjacent to owners' units.
"Our development team is confident this building will serve as a catalyst for other Porsche Design Towers throughout the world," said Gil Dezer, president of the New York- and South Florida based Real Estate Development Company.

Porsche Design Tower's units will range from 3,800 square feet to 9,500 square feet. More than half of the units will feature a duplex lay-out, with ocean-facing units including a private pool. The units are expected to range from $2.9 million to $9 million.

The building will be constructed on a 2.2 acre tract the Dezer family own at 185th and Collins.

If you want more information on this project, please drop The Golan Team a note here.. or call us at (001) 786-333-6200

Trump Towers, Sunny Isles Beach, Florida, 33160 – Sales Exceed $100,000,000

The most frequently asked question we at The Golan Team (786-271-1235) as well as we can guestimate most practicing Realtors are asked is, "Are things Selling?"

The answer is most astoundingly YES!!!

But YES - only at the right price.

Take in point TRUMP TOWERS, Sunny Isles Beach - this luxurious 3 building Oceanfront complex on the Southern end of Sunny Isles Beach almost stalled in sales a year and a half to two years ago when the Developers and their Sales Team were asking around $700+/ft. Those Buyers that had bought Pre-Construction were either walking away from their deposits or renegotiating their purchase prices in order to close. At the same time you had the Banks/Lenders breathing down the necks of the Developers to for repayment on their loans. The Developers started courting the Bulk Buyers. All in all only 157 units had sold out of a possible 813 units had sold. The Buyers started looking for better deals. Inventory was at an all time high. Fast forward 18 months to now, and the situation is clearly different.

The Dezers (Developer Michael Dezer and his son Gil) recently assumed a $265 million loan from a Development Partnership that included the Related Group with Wells Fargo serving as agent for a syndicate of 11 participating financial institutions. The project's three towers (each consisting of 271 units) have a combined 475 units left to sell. The have been 181 sold this year in price ranging from $550,000 - $1.9 million. The average price/ft is now at $414/ft with some units selling as low as $350/ft and others that have been decorated closing near $600/ft. This significant lowering of the price/ft have allowed the Dezers to surpass the $100 million mark in sales to date.

"We are confident our adjusted pricing is what has driven beyond expected results," says Gil Dezer president of Dezer Properties in an interview to Businessweek. "The ability to purchase a unit in a building as prestigious as Trump Towers for $350- $650/ft has generated unprecented response from a broad range of local, national and international Buyers."

He continues, "We have always felt that prime oceanfront property would be a signal of the strength of the recovery, as these types of units are so much of South Florida's appeal...""... and while the residential real estate market clearly has a ways to go to reach full recovery, these initial results have been very encouraging about the state of our industry, at least in Sunny Isles Beach."

At these prices, both end users, 2nd home vacation purchasers and investors are able to rejoin the marketplace and purchase oceanfront property.

If you would like us to send you floorplans of Trump Towers - send us your details to info@golanteam.com SUBJECT - Trump Tower Floorplans.

If you would like to schedule an appointment to view the property in person call us at 786-271-1235.

RELATED GROUP PULLS OUT OF TRUMP TOWERS IN SUNNY ISLES BEACH, FLORIDA

Related Group, one of the most prominent condo developers in South Florida has ended its relationship with the Dezer family and their project of Trump Towers located by the ocean between 158-160th Street and Collins Avenue.

Related Group and Jorge Perez at its helm helped shape the oceanfront skyline in Sunny Isles Beach when in 2001 they opened Ocean One at the Northern tip of Sunny Isles Beach followed shortly by Ocean Two, Ocean III and lastly Ocean IV. They joined forces with Michael and Gil Dezer who own a lot of the oceanfront land in the area and developed three more towers at the Southern end of Sunny Isles Beach which they called Trump Tower I, Trump Tower II and Trump Tower III. Each tower consists of 271 units and is 45 stories high. Units range from 1463-2928 sf under air and are 2-3 bedrooms. All feature Ocean or Intracoastal views (or both). The complex has 4 pools in total, spa and gym in every building and a restaurant in Trump Tower II services all three towers.

Related had a 50% share in TRG Sunny Isles VII, the company behind the oceanfront project, until Jan. 13 2010 when the Dezers took full control, according to the Florida Division of Corporations. In 2007, TRG Sunny Isles obtained a $345.7-million construction loan from Wachovia Bank, now owned by Wells Fargo. On Dec. 31, Wachovia modified the loan and extended its maturity date. A mortgage filed with Miami-Dade County did not disclose the due date.

Of the three Trump Towers, one tower is almost sold out, another has a substantial amount of units sold, and the third is vacant. The unit prices have dropped nearly 40% since pre-sales started five years ago and are now selling between $350-$400/ft. Original pricing was set at $650-$750/ft The units are delivered decorator ready (purchasers need to finish flooring, paint, install closet systems and window treatments).

"We have no comment other than to confirm we have satisfied The Related Group's lender obligations, and we have sold the two projects (Trump II and Trump III at Sunny Isles) to former partners in these developments," Betsy McCoy, Related's vice president and associate general counsel, said in an e-mail to the Daily Business Review

Related Group has been responsible for building over 50,000 units in South Florida. Most

notably they built Ocean I, II, III, IV in Sunny Isles Beach, Murano at Portofino, Icon South Beach and Apogee in Miami Beach, Icon Brickell (a project of 1500 condos that is also under financial stress and the Developer is currently negotiating to hand over the project to the Lenders on condition they can still continue to manage), 50 Biscayne, 900 Brickell, Loft Downtown in Miami, Beach Club I, II, III in Hallandale Beach and Trump Hollywood in Hollywood Beach.

Perez's personal net worth has also declined. He was ranked at No. 197 on the Forbes 400 list of the wealthiest people in 2006, when his net worth was estimated at $1.8 billion. Last year, he fell off the list when his net worth dipped below $900 million, according to Forbes.

All this overbuilding during the high. has left phenomenal Buying Opportunities available today.

Click info@golanteam.com to request an email of all available floorplans at Trump Towers or to send us an email so we can discuss the best pricing opportunities available for you. You can also reach us by phone to 786-271-1235.