Jade Ocean, center, is a high-rise condominium at 17121 Collins Ave. in Sunny Isles Beach. Photo: J. Albert Diaz
Developer Fortune International Realty denies allegations that it siphoned off profits by feeding funds to affiliates.
February 27, 2018 at 03:50 PM
1 minute read
South Florida real estate reporter
Fortune International Group owes $1.5 million to a lender in the developer’s luxury Jade Ocean high-rise condominium in Sunny Isles Beach, a Miami-Dade Circuit Court lawsuit claims.
The Miami-based developer, led by president and CEO Edgardo Defortuna, built the 51-story beachfront tower at 17121 Collins Ave. as part of its Jade collection that includes the 53-story Jade Beach and the 57-story Jade Signature, both a walking distance south from Jade Ocean.
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