Karlton Collins LLC recently purchased the former Victorian Plaza office building and is renovating and converting the 34-year-old property into a 239-unit condominium community at a total acquisition and project cost of approximately $45 million.
Fortune International specializes in high-end condominiums in South Florida. The company had more than $1 billion in sales and another $700 million in pre-construction sales in 2002 for projects it exclusively represents.
"The timing for The Collins couldn't be better since the neighborhood is going through a renaissance, offering potential for appreciation," says Edgardo Defortuna, president of Fortune International.
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