MIAMI—First Armani, now Fendi. The luxury handbag and fur makerhas partnered with private developer Château Groupto develop a 12-story waterfront condo in Miami. The project, whichmarks Fendi's first branded real estate project, will sit twoblocks south of Bal Harbour Shops.

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Located at 9365 Collins Avenue, Fendi Château Residences willoffer 58 oceanfront residences and penthouses ranging in size from3,300 square feet to over 7,000 square feet. Prices start at $5million and rise to $22 million. The condos are set to hit themarket in June 2016.

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Every unit comes equipped with what the developer is calling a“complete chef's kitchen” with custom Fendi Case cabinets andGaggenau appliances. Residences will also offer bathrooms withItalian marble with custom-designed fixtures, along with staffquarters and laundry areas, which include full bathrooms.

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“Characterized by an innovative undulated architecture thatechoes the waves, Fendi Château Residences feature expansivewaterfront apartments with breathtaking views of the AtlanticOcean,” says Manuel Grosskopf, president ofChâteau. “Its residences and deluxe amenities combine functionalong with Fendi-style on a grand scale for the very firsttime.”

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Amenities include private restaurant, lounge with gourmetkitchen, library, business center, ballroom, kid's club, privatecinema, state-of-the-art fitness center overlooking the ocean,bicycle storage, multiple beachfront pools with cabanas, reflectiveponds, spas and Jacuzzis, and a relaxation terrace witharomatherapy. Residents also have access to five-star, white-gloveservices, including a 24-hour multi-lingual concierge staff,beachfront and poolside service and a doorman and valet.

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“Fendi Château Residences further consolidate our ties in theluxury private property sector, in particular with a qualitativepartner like Château Group,” says Pietro Beccari, chairman and CEOof Fendi. “It fully expresses the codes, history and savoir-fairethat characterize Fendi, a perfect example of cutting-edge design,experimentation and timeless expertise.”

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Meanwhile, Residences by Armani/Casa is bringing together Armani, Related Group andDezer Development, as well as famed Argentinean-born architectCésar Pelli, creator of the Petronas Towers inMalaysia and Adrienne Arsht Center in Miami, to bring a 60-storyoceanfront tower to Sunny Isles Beach, FL.

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Armani/Casa was born from my desire to see my design aestheticat work in interior spaces,” says Giorgio Armani,president and CEO of the Armani Group. “On aproject like this, where we have the benefit of partnering with atalented architect like César Pelli, we get the opportunity tocreate something really very special—a remarkable living space,imbued with the spirit of modern elegance.”

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Why are luxury designers building high-rise condos inMiami?

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