Fortune International Group

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

Fortune International Group
IndustryReal Estate
FounderEdgardo Defortuna
Headquarters
Miami, FL
,
USA
Area served
South Florida
Number of employees
100
Websitehttp://fortuneintlgroup.com/

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] The company’s notable projects include Jade Residences at Brickell Bay, Jade Beach, Jade Ocean, The Ritz-Carlton Residences-Sunny Isles Beach,[3] Artech, Auberge Beach Residences and Spa Fort Lauderdale, 1200 Brickell, Le Meridien Sunny Isles Beach.[4]

Edgardo Defortuna is the President and CEO of Fortune International Group.[5]

History

In 1983, Edgardo Defortuna founded Fortune International Group.[1]

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

In 2013, the group begun 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.[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]

Awards and recognition
  • Best Luxury High Rise Living for The Ritz-Carlton Residences, Sunny Isles Beach in Florida, Luxury Lifestyle Awards, 2021[9]
  • Ranked #1 South Florida Development Marketing Firm, 2016[10]
  • Best Real Estate Agent and Best Floridian Agent, The Bentley International Property Awards

Controversy

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.[11]

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


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