Building facts
- Address
- 1210 Brickell Avenue
- Neighborhood
- Brickell
- Year built
- 2026
- Floors
- 76
- Residences
- 540
- Status
- Pre-Construction
- Developer
- Fortune International Group
- Pricing
- Starting in the $800's
ORA by Casa Tua has a permit application, a pre-development loan and an EB-5 raise — but no construction loan and no groundbreaking. A 77-storey, 533-residence tower at 1210 Brickell Avenue by Fortune International Group, with four Casa Tua restaurants, interiors by m2atelier, and short-term rentals permitted at a three-day minimum.
Pricing starts at $900,000, sales launched in 2023, and groundbreaking was expected at the end of Q1 2026. That window has passed, and no source reports construction beginning. This page dates every figure and is explicit about the gaps.
ORA by Casa Tua — Building Facts
- Address
- 1210 Brickell Avenue, Miami, FL 33131
- Neighbourhood
- Brickell Financial District — 1-acre site
- Developer
- Fortune International Group · Edgardo Defortuna
- Brand Partner
- Casa Tua
- Interior Design
- m2atelier
- Storeys
- 77 per The Real Deal, August 2025. Filings show 76 (March 2023) and a permit application for 78 (July 2025) — the count has crept
- Residences
- 533 — studios to four bedrooms, fully furnished
- Pricing From
- $900,000
- Sales Launched
- 2023
- Short-Term Rentals
- Permitted — three-day minimum
- Land
- Fortune paid $31M for the development site, July 2024
- Financing
- $36.08M pre-development loan from Amerant Bank, July 2024. No construction loan reported.
- EB-5
- Raise launched August 2025 at $1.05M per foreign investor
- Permit
- New construction permit application filed July 2025
- Expected Groundbreaking
- End of Q1 2026 — that window has passed with no reported start
- Est. Completion
- Not stated in any primary source located
- Units Sold
- Not published
Verified 5 August 2026 against The Real Deal (July 2024 pre-development loan, August 2025 EB-5 coverage), Commercial Observer (July 2024 land purchase), PROFILEmiami (July 2024 financing) and Florida YIMBY (March 2023 filing, July 2024 site and financing, July 2025 permit application). Completion date, percentage sold and construction financing are not published by any primary source.
What Is Actually Planned
A tower on a one-acre site at 1210 Brickell Avenue holding 533 residences, from studios to four-bedrooms, delivered fully furnished. The developer is Fortune International Group, led by Edgardo Defortuna. Interiors are by m2atelier. The programme includes four Casa Tua restaurants, a sky garden, co-working space and wellness facilities.
The storey count has crept, and you should know the sequence. Fortune filed plans for a 76-storey tower in March 2023. By July 2024 it was described as 77. A new construction permit application in July 2025 was for 78. The Real Deal used 77 in August 2025. That is not a scandal — designs evolve through permitting — but if you contracted in 2023 you contracted against a different building, and the floor you were sold may not sit where you think it does.
Where the Project Actually Stands
The record, dated:
- March 2023 — Fortune files plans for a 76-storey tower at 1210 Brickell Avenue.
- 2023 — sales launch, from $900,000.
- July 2024 — Fortune pays $31 million for the development site and closes $36.08 million in pre-development financing from Amerant Bank.
- July 2025 — a new construction permit application is filed, for 78 storeys.
- August 2025 — Fortune launches an EB-5 raise at $1.05 million per investor, with groundbreaking then expected at the end of Q1 2026.
That is where the public record stops. The expected groundbreaking window closed in March 2026 and I can find no source reporting that construction started. No construction loan has been reported. A $36 million pre-development facility is not a construction facility — it covers design, permitting and carrying costs, not building a 77-storey tower.
On the Miami Pre-Construction Delivery Tracker, 14 of 38 towers have no construction loan reported. ORA is one of them, and it has been selling since 2023.
The EB-5 Raise, Explained Plainly
In August 2025 Fortune began seeking EB-5 investors at $1.05 million each. EB-5 is a US immigration programme: a qualifying investment can make the investor and their immediate family eligible for green cards.
Two things a buyer should take from this, and they point in opposite directions.
The first is straightforward: EB-5 is a legitimate and widely-used capital source, and Fortune is using it on more than one project — The Real Deal notes the firm is also raising EB-5 for Nexo Residences, a co-development with Blue Road in North Miami Beach. Sophisticated developers use it because it is cheaper than mezzanine debt.
The second is the one nobody says out loud: a developer turning to EB-5 is a developer that has not closed conventional construction debt. The raise launched thirteen months after the pre-development loan and roughly two and a half years after sales began. Neither the number of investors sought nor the total raise has been disclosed. If the EB-5 tranche is load-bearing for this project, then the construction start depends on how quickly foreign investors subscribe — which is not a schedule anyone controls.
Ask directly: is the EB-5 raise required to reach groundbreaking, and how much of it has closed?
The Short-Term Rental Permission
Short-term rentals are permitted here at a three-day minimum, and every residence is delivered fully furnished. That combination — furnished, flexible-stay, studios through four-bedrooms, in the Brickell Financial District — makes this an investor product as much as a primary-residence one.
That is a legitimate category, and the three-day minimum is a meaningful detail: it rules out the one-night turnover that generates the most friction with residents, while still allowing genuine short-stay use.
What is not published: any rental programme operator, revenue split, management fee, occupancy or rate projection. As with Edge House Miami and Frida Kahlo Wynwood, the governing document is the recorded condominium declaration, not the sales brochure. Any yield figure you are shown came from a broker’s model.
What to Watch Before You Sign
- 🔴 No construction loan, and the expected groundbreaking window has passed. This is the headline. Ask where the senior debt is and what the current start date is.
- Ask whether the EB-5 raise is required to break ground, and how much of it has subscribed.
- Ask what completion date is in your contract, and what the outside date is. No primary source publishes a completion year at all.
- If you contracted in 2023, check what you bought. The tower has been 76, 77 and 78 storeys in different filings.
- Get the declaration before underwriting any rental income. The three-day minimum is reported; the operator, fees and any personal-use caps are not.
- Ask for absorption. No percentage sold has ever been published, nearly three years after launch.
None of this makes ORA a bad buy. Fortune is an established Miami developer with real delivered product — the Ritz-Carlton Residences Pompano Beach is theirs and it is nearly sold out and topped off. It makes ORA an early-stage buy that should be priced and diligenced as one.
Brickell Around It
1210 Brickell Avenue sits in the Financial District, the densest part of Brickell — walkable to Brickell City Centre, the Metromover Brickell Loop and the office core that gives this submarket its weekday population.
The competitive set is heavy and mostly further along. Cipriani Residences topped off in July 2026 at roughly 950 feet. Baccarat Residences passed the 40th floor in March 2026 with a $328M loan closed. The St. Regis Residences has a $527M facility and broke ground in November 2024. 888 Brickell and Mercedes-Benz Places are the cautionary cases — one has never reported vertical construction, the other is in foreclosure.
ORA sits between those groups: better positioned than the stalled projects, materially behind the financed ones.
Verified 5 August 2026. Drawn from The Real Deal’s 10 July 2024 pre-development loan report and 20 August 2025 EB-5 coverage, Commercial Observer’s July 2024 land-purchase report, PROFILEmiami’s 8 July 2024 financing coverage, and Florida YIMBY’s March 2023 filing, July 2024 site-and-financing and July 2025 permit-application reports. Completion date, percentage sold and construction financing are not published by any primary source. The storey count appears as 76, 77 and 78 across filings and both the range and the most recent figure are shown. Confirm every number against the current price sheet and the recorded condominium documents before you sign.
ORA by Casa Tua — Frequently Asked Questions
Where is ORA by Casa Tua?
1210 Brickell Avenue, Miami, FL 33131, on a one-acre site in the Brickell Financial District.
Has construction started?
No source reports that it has. A new construction permit application was filed in July 2025, and groundbreaking was expected at the end of Q1 2026 — that window has passed with no reported start. No construction loan has been reported. The only financing on record is a $36.08 million pre-development loan from Amerant Bank, closed July 2024, which covers design, permitting and carrying costs rather than construction.
How tall is it and how many residences?
533 residences, from studios to four bedrooms, delivered fully furnished. The storey count has moved: Fortune filed for 76 storeys in March 2023, it was described as 77 by July 2024, and a July 2025 permit application was for 78. The Real Deal used 77 in August 2025. If you contracted early, check which building your contract describes.
How much do residences cost?
From $900,000, with sales launched in 2023. No percentage sold has ever been published, and no completion date appears in any primary source.
Are short-term rentals allowed?
Yes — permitted at a three-day minimum, with every residence delivered fully furnished. But no rental operator, revenue split, management fee, occupancy assumption or rate projection has been published. The recorded condominium declaration governs, not the brochure. Any yield figure you are shown came from a broker’s model.
What is the EB-5 raise about?
In August 2025 Fortune began seeking EB-5 investors at $1.05 million each — a US immigration programme where a qualifying investment can make the investor and immediate family eligible for green cards. Neither the number of investors sought nor the total raise has been disclosed. It is a legitimate and common capital source, but a developer turning to EB-5 is a developer that has not closed conventional construction debt. Ask whether the raise is required to reach groundbreaking and how much has subscribed.
Who is the developer?
Fortune International Group, led by Edgardo Defortuna, with Casa Tua as brand partner and m2atelier on interiors. Fortune is an established Miami developer — the Ritz-Carlton Residences Pompano Beach is theirs, nearly sold out and topped off.
Sources and further reading
- Fortune seeks EB-5 investors for Ora by Casa Tua Brickell tower — The Real Deal20 August 2025: the $1.05M-per-investor EB-5 raise, 77 storeys, 533 units, $900,000 entry pricing, the three-day short-term-rental minimum, m2atelier interiors and the end-of-Q1-2026 groundbreaking expectation.
- Fortune scores $36M loan for Casa Tua condo tower in Brickell — The Real Deal10 July 2024: the $36.08M Amerant Bank pre-development facility.
- Fortune International Pays $31M for Casa Tua Condo Tower Dev Site in Brickell — Commercial ObserverJuly 2024: the $31 million site acquisition.
- Site and Financing Secured for 77-Story ORA by Casa Tua — Florida YIMBYJuly 2024: the 77-storey figure at the point site control and pre-development financing were secured.
- New Construction Permit Application Filed For 78-Story Ora By Casa Tua — Florida YIMBYJuly 2025: the permit application, filed at 78 storeys.
- Fortune International Group Files Plans For 76-Story Ora by Casa Tua — Florida YIMBYMarch 2023: the original filing at 76 storeys.
- Fortune International Group Closes On $36.08 Million In Pre-Development Financing — PROFILEmiami8 July 2024: independent confirmation of the pre-development financing.
- Miami Pre-Construction Delivery Tracker — Josh SteinOur dated record of 38 South Florida towers — 14 of which have no construction loan reported.
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Part of New Construction.