Porsche Design condominium in Sunny Isles Beach that buyers have bought before they could even establish a sales center, let alone a website for the building.
The 132-unit structure, known for its robotic parking system, is being built in partnership with Porsche Design and won’t break ground until the second quarter of 2013 with completion slated for three years later.
Demand being so strong that buyers began requesting private meetings with the developer. To ensure they were serious buyers, the developer mandated that potential buyers deposit $100,000 in escrow for the condos. These unique units are priced between $3.9 million and $14.5 million, or about $1,000 per square foot. 27 buyers have plunked down the money for meetings and 15 have already reserved them with 10 percent deposits.
