Dezer Development has closed on a $630 million construction loan for Bentley Residences, the world’s first Bentley-branded residential tower under construction in Sunny Isles Beach. The financing, issued by Madison Realty Capital and arranged by Berkadia South Florida, represents the largest construction loan in South Florida so far this year. Designed by Sieger Suarez Architects in collaboration with Bentley Motors, the 61-story oceanfront tower is already more than 50 percent sold, with remaining units starting at $5.8 million and penthouses priced at $37.5 million each. The development broke ground in early 2024 and is slated for completion in 2028.
Located at 18401 Collins Avenue, the 749-foot-tall tower will yield 216 residences and become the second automotive-branded project by Dezer Development, following the Porsche Design Tower completed in 2017. The Bentley-branded skyscraper will feature an enhanced iteration of Dezer’s patented “Dezervator” system, enabling residents to ascend directly to their private sky garages without ever leaving their vehicles. Coastal Construction, builder of both the Porsche Design Tower and the recently completed Aston Martin Residences in Downtown Miami, serves as the general contractor, bringing extensive expertise in the delivery of automotive-branded luxury high-rises.
Residences will feature expansive oceanfront terraces with private pools, floor-to-ceiling glass, Italian cabinetry, Gaggenau appliances, and spa-inspired bathrooms. Each unit will include a three- or four-car garage equipped with charging stations for electric vehicles.
Amenities will span 20,000 square feet, highlighted by a whiskey bar, cigar lounge, cinema, wellness spa, oceanfront pool deck, and a private restaurant curated by award-winning chef Todd English.
Site preparation and foundation work are nearing completion on the 2.3-acre oceanfront property, where a recent aerial photo shared on LinkedIn by a member of the shell contractor shows crews preparing for a major mat foundation pour. The image captures the tower’s curved footprint along the Atlantic shoreline, with dense rebar reinforcement and formwork now in place across the entire foundation area.
Berkadia’s Managing Director Scott Wadler and Director Alec Fox arranged the construction financing on behalf of Dezer Development. Madison Realty Capital’s Brian Shatz, Josh Zegen, and Adam Tantleff led the lending team…