M Resort Residences has an anticipated sell-out value of $82 million. At press time, more than 85% of the project's 210 condo-hotel units were under contract. Prices range from the $200,000s to more than $800,000. The one- and two-bedroom units will range in size from 650 sf to 1,600 sf.
In addition, Fortune International has hired Pavarini Construction Co. Inc., a major general contractor based in Fort Lauderdale, to build the project, Fortune's newest development. Fortune chose Pavarini because of its experience with high-profile, luxury jobs, including Jade Residences at Brickell Bay, another Fortune International development, and the Mandarin Oriental Hotel.
Crews started to clear the site on May 15 to prepare for the project's foundation. The tower, located at 18683 Collins Ave., is scheduled to be completed in fall 2004.
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