Fashion and media company Elle is joining a parade of high-profile luxury brands that are developing branded condo towers in Miami.
Elle is teaming up with Vertical Developments and Urban Network Capital Group on the brand's first residential project—to be known as Elle Residences Miami—a 25-story condo and hotel tower that will be built on a half-acre site at 3618 Northeast Fifth Avenue.
The developers have inked a licensing agreement with Lagardere News, a unit of Paris-based Lagardere Group, which owns Elle, the French company announced. The condo tower in Miami's Edgewater section will include 180 units as well as a penthouse collection.
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