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.

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.

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.