Artificial Intelligence
Builders Company
Developers/Fortune International Group
FI
Fortune International GroupMiami, United States · founded 1983 · 2 active markets
PRIVATE

Fortune develops and markets luxury residential condominium towers and branded residences, principally in South Florida, with selected international activity. Its integrated model combines design, development, construction management, sales, marketing, brokerage, and asset-management services for buyers, investors, developers, and financial institutions.

Years in business
43
founded 1983
LinkedIn headcount
223
employees, as shown on LinkedIn · size band 501–1,000
Total projects
30+ residential towers developed
across the company’s whole history
Units delivered
over 7,000 units
as the company states it
Projects last researched October 10, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
Fortune International Group Corp.1
Headquarters
1300 Brickell Avenue1, Miami1, United States
Founded
19831
Entity type
PRIVATE1
Business model
offplan for sale1, mixed use1, other1
Markets
2 markets listed
What they build
Residential, for sale (3 of 4) · Hotel (1 of 4) · Hotel residences (1 of 4)
Full dossier in About →

Delivery record

2 date-assessed of 4 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 1 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
4
within the rolling ten-year window
Median delay
+13.0 mo
the middle of 2 scored projects
Average delay
+13.0 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+17.5 mo
Auberge Beach Residences & Spa · +16.0 to +19.0
0
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
1
red rows below

Against other developers

2 date-assessed projects here
Not enough info yet.
Projects and timelines in Track Record →

Resident experience

4 of 4 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
6.5/ 10
Weighted judgment across build and operations · from 4 of 4 rated buildings
Little structure evidence (1 of 4 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
2.0/ 10
Fabric, services, waterproofing, envelope · from 1 of 4 rated buildings
Management & living
7.3/ 10
Upkeep, response times, amenities, community · from 4 of 4 rated buildings

Against other developers

4 rated here · 265 developers, 1366 rated buildings in United States
Overall rating
Fortune International Group · 265 other developers in United States
6.5 vs 7.8
this developer 1.3 worse
The weighted verdict on each side. From 4 of 4 rated buildings here and 1366 in the market.
Structure & systems
Fortune International Group · 265 other developers in United States
— vs 7.0
Too few buildings with this score here to compare (1 of 4)
Fabric and engineering only — fixed at handover. From 1 of 4 rated buildings here and 577 in the market.
Management & living
Fortune International Group · 265 other developers in United States
7.3 vs 7.4
this developer 0.1 worse
Upkeep and response — belongs to whoever runs the building now. From 4 of 4 rated buildings here and 1313 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • FINANCIAL DISTRESS Judgment affirmed July 10, 2024; underlying loan defaults and judgments arose from the Jade Ocean litigation. Fortune Ocean, LLLP—the project entity associated with Fortune’s Jade Ocean development—defaulted on two $250,000 loans; the trial court awarded each lender $972,589.39 plus accruing interest and fees, and Florida’s Third District Court of Appeal affirmed the judgment on July 10, 2024; this is an entity/project-level matter, not a finding that Fortune International Group itself entered insolvency.
  • SAFETY / LABOUR Complaint filed October 15, 2019; reported October 28, 2019. A condominium association sued the Fortune–Château partnership over alleged construction debris, a falling window panel and vibration damage at the neighboring Ritz-Carlton Residences project, alleging unsafe conditions and approximately $225,000 in repair work; both developers said the lawsuit was baseless, and the article also reports that an earlier related lawsuit had settled with undisclosed terms.
  • DELIVERY DELAY Reported April 17, 2020; the alleged lack of progress concerned the period after the project’s October 2015 approval. Fortune Development Sales sued CG Miami River LLC, alleging that the planned Miami River megaproject had failed to move forward after approval and that the developer became uncommunicative; Fortune sought a $200,000 termination fee and other costs, while the report records no adjudicated finding against Fortune.
  • 7 more in Risk & Sources
Record status
active
Company sources
129 source entries across 129 fields
Projects tracked
5 · 4 completed in assessment
All flags and sources →

Track Record

Delivery record

2 date-assessed of 4 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 1 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
4
within the rolling ten-year window
Median delay
+13.0 mo
the middle of 2 scored projects
Average delay
+13.0 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+17.5 mo
Auberge Beach Residences & Spa · +16.0 to +19.0
0
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
1
red rows below

Against other developers

2 date-assessed projects here
Not enough info yet.

Construction start to handover

4 of 4 projects dated · 4 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
North Miami Beach, United States
Fort Lauderdale, United States
Sunny Isles Beach, United States
Hollywood, United States
201320142015201620172018201920202021202220232024202520262027todayNORTH MIAMI BEACH, UNITED STATES+14.5 moestimatedFORT LAUDERDALE, UNITED STATES+17.5 moverifiedSUNNY ISLES BEACH, UNITED STATES+8.5 moverifiedHOLLYWOOD, UNITED STATES+6.5 moestimated
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 1 dated statement is held back: a broker listing with no date on it, or a page with no year, cannot fix a date. 1 turned out to be about something else — a phase, a neighbour, the wider masterplan — and is marked off-subject.

Building & Livability Ratings

Resident experience

4 of 4 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
6.5/ 10
Weighted judgment across build and operations · from 4 of 4 rated buildings
Little structure evidence (1 of 4 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
2.0/ 10
Fabric, services, waterproofing, envelope · from 1 of 4 rated buildings
Management & living
7.3/ 10
Upkeep, response times, amenities, community · from 4 of 4 rated buildings

Against other developers

4 rated here · 265 developers, 1366 rated buildings in United States
Overall rating
Fortune International Group · 265 other developers in United States
6.5 vs 7.8
this developer 1.3 worse
The weighted verdict on each side. From 4 of 4 rated buildings here and 1366 in the market.
Structure & systems
Fortune International Group · 265 other developers in United States
— vs 7.0
Too few buildings with this score here to compare (1 of 4)
Fabric and engineering only — fixed at handover. From 1 of 4 rated buildings here and 577 in the market.
Management & living
Fortune International Group · 265 other developers in United States
7.3 vs 7.4
this developer 0.1 worse
Upkeep and response — belongs to whoever runs the building now. From 4 of 4 rated buildings here and 1313 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

4 rated · 0 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Nexo ResidencesNorth Miami Beach254 units
9.0/ 10
—/ 10
8.9/ 10

Google Reviews/Maps supplies the largest published review base found for the building, at 4.7/5 from 11 reviews; applying the specified conversion curve gives an 8.9 anchor. The five visible written excerpts were positive and no recurring or severe complaints were found, but the limited, promotional nature of the available comments warrants only a small upward adjustment, producing 9.0 overall; there was no published structural-review evidence, so structure is null.

+ Positive investment appeal+ Positive building impression+ Residential appeal+ Flexible rental model+ Amenity and concierge offering

no notes returned

no links returned

The visible Google-linked reviews are strongly positive but mostly promotional and do not provide detailed resident operating feedback: one calls Nexo an “Excelente proyecto de inversión inmobiliaria,” another an “Espectacular edificio,” and another an “Excelente propiedad residencial.” The project material describes furnished residences, immediate occupancy, concierge, valet, digital-concierge services and flexible rentals, but those are developer-published claims rather than independently verified resident experience; the building’s completion evidence is current to October 2026, with the developer stating that it received its TCO in August 2026 and that closings began in October 2026.

Jade SignatureSunny Isles Beach192 units
7.1/ 10
—/ 10
6.5/ 10

Google Reviews/Maps provides the only qualifying building-specific review aggregate located: 4.3/5 from 84 reviews, which converts to 7.0/10 under the requested curve. The reported service complaints and one serious pool-condition report pull the evidence-based resident score down, while positive comments about the building, views and amenities provide a limited offset. Structural scoring remains null because no qualifying published structural rating or sufficiently specific resident structural review evidence was established.

− Construction-defect litigation reported− Current physical condition uncertain
Not found in sources: No published structural review score · No published plumbing complaint · No published HVAC complaint · No published electrical complaint · No published leak finding · No published defect details · No published repair outcome · No published systems rating
+ Ocean views+ Gym and spa+ Pool amenities+ Luxury design+ Some positive staff reports
− Rude front desk− Valet complaints− Management criticism− Dirty pool reported− Mold reported on loungers

no notes returned

no links returned

The building and amenities receive clear praise: one reviewer called it “one of the best residences in Miami” and cited the “excellent beach view” and gym, pool, sauna and spa. Day-to-day service is much less consistent: reviews describe “the rudest staff,” an “unprofessional” front desk and a pool that was “always dirty with sand,” with mold on loungers and feces reported in the water.

Auberge Beach Residences & SpaFort Lauderdale171 units
7.0/ 10
—/ 10
7.0/ 10

No applicable published aggregate rating was reported: Apartments.com displays 5.0/5 but explicitly states 0 reviews and no renter reviews, so it is excluded under the requested rules; the hospitality page’s 9.4 is a computed visitor score for design, dining and spa rather than a review rating. The score therefore uses the four positive and one mixed written posts actually read, with a conservative pull toward 6.5 because the evidence is only five old posts and does not establish current conditions.

− Evidence is old
Not found in sources: No defect reported · No leak reported · No lift failure reported · No HVAC complaint reported · No plumbing complaint reported · No physical-condition review · No infrastructure detail · No maintenance detail · No systems detail
+ Beachfront setting+ Helpful staff+ Professional service+ Courteous team+ Pleasant property
− Old review evidence
Not found in sources: No recurring complaint found · No management-delay report found · No security-failure report found · No amenity-failure report found

The published posts reviewed do not describe the building’s physical systems, construction performance, plumbing, HVAC, electrical infrastructure or waterproofing. The available 2018 comments praise the property generally—“5 stars all the way” and “Great place for people who are seeking a beach front property”—but they are not engineering or maintenance observations; therefore no STRUCTURE rating is reported.

The five posts visible on the 2018 review page are positive or promotional: one calls it a “Very Pleasant and enjoyable property” with “awesome staff,” while another says “Great condominium service.” This is favorable operational feedback, but it is old, sparse and not evidence that conditions remained unchanged through October 10, 2026; the more recent material located describes advertised amenities and due-diligence questions rather than firsthand resident complaints.

Hyde Resort & Residences HollywoodHollywood407 units
2.8/ 10
2.0/ 10
6.6/ 10
Booking.com (syndicated listing) 8.4/10 · no review count · americanhotels.co
Booking.com (syndicated listing) publishes 8.4/10 with no review count. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.6.

Yelp’s building-specific 1.9/5 aggregate from 247 reviews sets the level; using the stated non-linear market conversion gives an anchor of about 2.8/10. Repeated elevator, maintenance, cleanliness and management complaints justify the full ordinary one-point commentary reduction, while positive views and amenities do not offset the aggregate because they are already reflected in it.

+ Modern room design+ Spacious suites+ Oceanfront construction+ Heated pool+ Responsive maintenance in some cases
− Elevator failures and long waits− Clogged plumbing− Weak water pressure− Air-conditioning failures− Worn finishes and damaged fixtures
+ Beachfront setting+ Strong views+ Pool praised+ Spacious accommodations+ Some helpful staff
− Slow elevators− Crowded beach− Towel shortages− Poor housekeeping− Unresponsive front desk

Published guest feedback contains repeated infrastructure complaints rather than an engineering assessment. Reviewers reported elevator waits of 10–22 minutes, one reported people becoming stuck, and another cited “door lock quit working twice,” clogged plumbing and mildew-smelling linens; separate reviews reported no hot water, failed air-conditioning and very weak shower pressure. Positive physical comments were mainly about the ocean views, spacious suites and pool, not the building systems.

Day-to-day feedback is sharply mixed but predominantly negative. Reviewers praised the “lovely” view, pool and occasional staff members, while recurring operational complaints included 20-minute elevator waits, beach towel shortages, dirty rooms and poor response times; one reviewer said staff were “reluctantly engaging” and another called the front desk response “terrible.”

Only buildings that have reached handover are rated. 0 of 4 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
Fortune International Group Corp.
Headquarters
1300 Brickell Avenue, Miami, United States
Brickell · 33131
Founded
1983
Miami, United States
Entity type
PRIVATE
Revenue
USD 4.48 million ANNUAL_REVENUE
Business model
offplan for sale, mixed use, other

Offices

head office and 7 others
Buenos AiresSão PauloPorto CervoMexico CityMontevideoPunta del EsteMadrid

Sources: office cities

COMPANYdate not shown in source

Contact – Fortune International Group

Fortune International Group
BUENOS AIRES, ARGENTINA
value seen: Buenos Aires
https://fortuneintlgroup.com/contact/

Sources: office cities

COMPANYdate not shown in source

Contact – Fortune International Group

Fortune International Group
SÃO PAULO, BRAZIL
value seen: São Paulo
https://fortuneintlgroup.com/contact/

Sources: office cities

COMPANYdate not shown in source

Contact – Fortune International Group

Fortune International Group
SARDINIA, ITALY ... PORTO CERVO
value seen: Porto Cervo
https://fortuneintlgroup.com/contact/

Sources: office cities

COMPANYdate not shown in source

Contact – Fortune International Group

Fortune International Group
MEXICO CITY, MEXICO
value seen: Mexico City
https://fortuneintlgroup.com/contact/

Sources: office cities

COMPANYdate not shown in source

Contact – Fortune International Group

Fortune International Group
MONTEVIDEO, URUGUAY
value seen: Montevideo
https://fortuneintlgroup.com/contact/

Sources: office cities

COMPANYdate not shown in source

Contact – Fortune International Group

Fortune International Group
PUNTA DEL ESTE, URUGUAY
value seen: Punta del Este
https://fortuneintlgroup.com/contact/

Sources: office cities

COMPANYdate not shown in source

Contact – Fortune International Group

Fortune International Group
MADRID,SPAIN ... Madrid
value seen: Madrid
https://fortuneintlgroup.com/contact/

Partners

5 partners
Chateau Group
joint venture

Sunny Isles Property Ventures LLC was a 50/50 joint venture to jointly develop and market The Ritz-Carlton Residences, Sunny Isles Beach.

Related Group
joint venture

The joint ventures cover Hyde Beach Resort in Hollywood and Auberge Beach Residences and Spa in Fort Lauderdale.

Oak Capital
funder

Oak Capital co-developed the 205-unit project with Fortune and participated in its $259 million construction loan.

Christie’s International Real Estate
partner

The affiliate partnership provides technology, marketing platforms, and agent-training resources.

Swire Properties
operator

Fortune Development Sales is the exclusive sales brokerage for The Residences at Mandarin Oriental, Miami.

Sources: name

PRESSdate not shown in source

Sunny Isles Beach to get Ritz-Carlton Residences

Miami Herald
The joint venture between Fortune International Group and Chateau Group
value seen: Chateau Group
https://www.miamiherald.com/news/business/real-estate-news/article5575146.html

Sources: partner type

PRESSdate not shown in source

Sunny Isles Beach to get Ritz-Carlton Residences

Miami Herald
formed Sunny Isles Property Ventures LLC, a 50/50 partnership, to jointly develop and market the high-end project.
value seen: JV_PARTNER
value paraphrased from this source
https://www.miamiherald.com/news/business/real-estate-news/article5575146.html

Sources: summary

PRESSdate not shown in source

Sunny Isles Beach to get Ritz-Carlton Residences

Miami Herald
formed Sunny Isles Property Ventures LLC, a 50/50 partnership, to jointly develop and market the high-end project.
value seen: Sunny Isles Property Ventures LLC was a 50/50 joint venture to jointly develop and market The Ritz-Carlton Residences, Sunny Isles Beach.
https://www.miamiherald.com/news/business/real-estate-news/article5575146.html

Sources: name

PRESSdate not shown in source

Sunny Isles Beach to get Ritz-Carlton Residences

Miami Herald
Fortune also is building joint-venture developments with Miami-based Related Group
value seen: Related Group
https://www.miamiherald.com/news/business/real-estate-news/article5575146.html

Sources: partner type

PRESSdate not shown in source

Sunny Isles Beach to get Ritz-Carlton Residences

Miami Herald
Fortune also is building joint-venture developments with Miami-based Related Group: the Hyde Beach Resort in Hollywood and the Auberge Beach Residences and Spa in Fort Lauderdale.
value seen: JV_PARTNER
value paraphrased from this source
https://www.miamiherald.com/news/business/real-estate-news/article5575146.html

Sources: summary

PRESSdate not shown in source

Sunny Isles Beach to get Ritz-Carlton Residences

Miami Herald
Fortune also is building joint-venture developments with Miami-based Related Group: the Hyde Beach Resort in Hollywood and the Auberge Beach Residences and Spa in Fort Lauderdale.
value seen: The joint ventures cover Hyde Beach Resort in Hollywood and Auberge Beach Residences and Spa in Fort Lauderdale.
held out of the figures · the quote does not carry this value
https://www.miamiherald.com/news/business/real-estate-news/article5575146.html

Sources: name

COMPANYdate not shown in source

Press – Fortune International Group

Fortune International Group
Edgardo Defortuna’s Fortune International Group and Ricardo Dunin’s Oak Capital landed a $259 million construction loan
value seen: Oak Capital
https://fortuneintlgroup.com/press/

Sources: partner type

COMPANYdate not shown in source

Press – Fortune International Group

Fortune International Group
Fortune International Group and Ricardo Dunin’s Oak Capital landed a $259 million construction loan for The Ritz-Carlton Residences, Pompano Beach.
value seen: FUNDER
value paraphrased from this source
https://fortuneintlgroup.com/press/

Sources: summary

COMPANYdate not shown in source

Press – Fortune International Group

Fortune International Group
Fortune and Oak Capital are developing the two-building, 205-unit condo project
value seen: Oak Capital co-developed the 205-unit project with Fortune and participated in its $259 million construction loan.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://fortuneintlgroup.com/press/

Sources: name

COMPANYdate not shown in source

Our Story – Fortune International Group

Fortune International Group
Fortune International Group forms a strategic partnership with Christie’s International Real Estate
value seen: Christie’s International Real Estate
https://fortuneintlgroup.com/our-story/

Sources: partner type

COMPANYdate not shown in source

Our Story – Fortune International Group

Fortune International Group
The partnership provides Fortune and its 1,000 agents access to state-of-the-art technology and marketing platforms, as well as agent training resources.
value seen: OTHER
value paraphrased from this source
https://fortuneintlgroup.com/our-story/

Sources: summary

COMPANYdate not shown in source

Our Story – Fortune International Group

Fortune International Group
The partnership provides Fortune and its 1,000 agents access to state-of-the-art technology and marketing platforms, as well as agent training resources.
value seen: The affiliate partnership provides technology, marketing platforms, and agent-training resources.
held out of the figures · the quote does not carry this value
https://fortuneintlgroup.com/our-story/

Sources: name

COMPANYdate not shown in source

Our Story – Fortune International Group

Fortune International Group
Swire Properties selects Fortune Development Sales as the exclusive sales brokerage
value seen: Swire Properties
https://fortuneintlgroup.com/our-story/

Sources: partner type

COMPANYdate not shown in source

Our Story – Fortune International Group

Fortune International Group
Swire Properties selects Fortune Development Sales as the exclusive sales brokerage for The Residences at Mandarin Oriental, Miami.
value seen: OPERATOR
value paraphrased from this source
https://fortuneintlgroup.com/our-story/

Sources: summary

COMPANYdate not shown in source

Our Story – Fortune International Group

Fortune International Group
Swire Properties selects Fortune Development Sales as the exclusive sales brokerage for The Residences at Mandarin Oriental, Miami.
value seen: Fortune Development Sales is the exclusive sales brokerage for The Residences at Mandarin Oriental, Miami.
held out of the figures · the quote does not carry this value
https://fortuneintlgroup.com/our-story/

Registrations & licences

COMPANY NUMBERP01000042244
Florida Department of State, Division of Corporations · United States · Active
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

2 countries
United Statesactive 4 projects tracked
Spainactive 0 projects tracked

What they build

3 types
Residential, for sale3 of 4
Hotel1 of 4
Hotel residences1 of 4
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
ED
Edgardo Defortuna
Defortuna founded and runs Fortune International Group, overseeing its business units, strategic decisions and day-to-day operations. He is an engineer with an MBA from the University of Miami and has expanded the firm from brokerage into a major South Florida luxury-development and sales platform, including the Jade projects and other branded-residential ventures.
Current title
President, CEO and Founder; Chairman, President & Founder of Fortune International Realty
since 1983
Experience
40+ years real estate
Companies before
none sourced
Education
National University of ArgentinaBachelor’s degree in Electrical and Chemical Engineering
University of MiamiMaster’s in Business Administration
Other boards
Mayor of Miami’s International CouncilArgentine-U.S. Chamber of Commerce, MiamiAdvisory Board Member, University of Miami Business School
Known for
FounderCEOChairmanMBALuxury development
https://www.linkedin.com/in/edgardo-defortuna-a53218249
There is the perception that ‘you’re gonna take buyers to your property rather than ours,’ and it never happens. I always say that I’d rather lose a sale in my project, if there’s any doubt. The Real Deal March 4, 2024https://therealdeal.com/magazine/march-2024/south-floridas-condo-whisperer/
When I sit in sales meetings with other developers, I try to put myself in their shoes and see where they’re at, value-engineering things, where we can raise prices or how we can impact the profitability of the project in a better way. The Real Deal March 4, 2024https://therealdeal.com/magazine/march-2024/south-floridas-condo-whisperer/

Sources: education

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
Mr. Defortuna holds a Bachelors Degree in Electrical and Chemical Engineering from the National University of Argentina
value seen: Bachelors Degree in Electrical and Chemical Engineering from the National University of Argentina
https://fortuneintlgroup.com/executive-team/

Sources: education

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
and a Masters in Business Administration from the University of Miami.
value seen: Masters in Business Administration from the University of Miami
https://fortuneintlgroup.com/executive-team/

Sources: full name

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
Mr. Defortuna is President, CEO and Founder of Fortune International Group
value seen: Edgardo Defortuna
held out of the figures · the quote does not carry this value
https://fortuneintlgroup.com/executive-team/

Sources: linkedin page

SOCIAL2026-09-27

Edgardo Defortuna

LinkedIn
### President, CEO and Founder - [Fortune International Group] (Current)
value seen: https://www.linkedin.com/in/edgardo-defortuna-a53218249
https://www.linkedin.com/in/edgardo-defortuna-a53218249

Sources: other boards

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
He currently serves as a member of the Mayor of Miami’s International Council and also as Director of the Argentine-U.S. Chamber of Commerce, in Miami.
value seen: Director of the Argentine-U.S. Chamber of Commerce
https://fortuneintlgroup.com/executive-team/

Sources: quotes

PRESS2024-03-04

Profile of South Florida Developer, Broker Edgardo Defortuna

The Real Deal
“There is the perception that ‘you’re gonna take buyers to your property rather than ours,’ and it never happens. I always say that I’d rather lose a sale in my project, if there’s any doubt.”
value seen: There is the perception that ‘you’re gonna take buyers to your property rather than ours,’ and it never happens. I always say that I’d rather lose a sale in my project, if there’s any doubt.
https://therealdeal.com/magazine/march-2024/south-floridas-condo-whisperer/

Sources: quotes

PRESS2024-03-04

Profile of South Florida Developer, Broker Edgardo Defortuna

The Real Deal
“When I sit in sales meetings with other developers, I try to put myself in their shoes and see where they’re at, value-engineering things, where we can raise prices or how we can impact the profitability of the project in a better way,” he said
value seen: When I sit in sales meetings with other developers, I try to put myself in their shoes and see where they’re at, value-engineering things, where we can raise prices or how we can impact the profitability of the project in a better way.
https://therealdeal.com/magazine/march-2024/south-floridas-condo-whisperer/

Sources: since

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
He started the business in 1983, and quickly became a driving force in real estate.
value seen: 1983
https://fortuneintlgroup.com/executive-team/

Sources: summary

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
He oversees all of the company’s activities across all of its business units. He is involved with the strategic decision making of the group, as well as the day-to-day operations of each of its divisions.
value seen: oversees all of the company’s activities across all of its business units
value paraphrased from this source
https://fortuneintlgroup.com/executive-team/

Sources: tags

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
He started the business in 1983, and quickly became a driving force in real estate.
value seen: He started the business in 1983
value paraphrased from this source
https://fortuneintlgroup.com/executive-team/

Sources: title

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
Mr. Defortuna is President, CEO and Founder of Fortune International Group
value seen: President, CEO and Founder
https://fortuneintlgroup.com/executive-team/
AC
Ana Cristina Defortuna
Defortuna is the group’s Executive Vice President and a central partner in its international expansion and development work. She helped establish Fortune Development, built broker relationships across Latin America and Europe, and has contributed to the design, amenities and delivery of the Jade portfolio and other Fortune projects.
Current title
Executive Vice President
Experience
no career length stated
Companies before
none sourced
Education
Boston UniversityDouble degree in Finance and Business Administration
Other boards
Founder, Key Biscayne Community Foundation
Known for
Executive Vice PresidentDevelopmentInternational expansionFinanceBoston University
We decided to start building our own projects. Haute Living April 24, 2014https://hauteliving.com/2014/04/good-fortune-ana-cristina-defortuna/477075/
Numbers were always my thing, since I was very young. Haute Living April 24, 2014https://hauteliving.com/2014/04/good-fortune-ana-cristina-defortuna/477075/

Sources: education

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
Mrs. Defortuna studied at Boston University, where she graduated with a double degree in Finance and Business Administration.
value seen: double degree in Finance and Business Administration
https://fortuneintlgroup.com/executive-team/

Sources: other boards

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
She and Edgardo are founders of the Key Biscayne Community Foundation.
value seen: founders of the Key Biscayne Community Foundation
https://fortuneintlgroup.com/executive-team/

Sources: quotes

PRESS2014-04-24

Good Fortune: Ana Cristina Defortuna

Haute Living
“We decided to start building our own projects,” she says.
value seen: We decided to start building our own projects.
https://hauteliving.com/2014/04/good-fortune-ana-cristina-defortuna/477075/

Sources: quotes

PRESS2014-04-24

Good Fortune: Ana Cristina Defortuna

Haute Living
“Numbers were always my thing, since I was very young,” she says.
value seen: Numbers were always my thing, since I was very young.
https://hauteliving.com/2014/04/good-fortune-ana-cristina-defortuna/477075/

Sources: summary

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
she has expanded the reach of the Fortune International network, continually establishing new offices and selecting representatives throughout Latin America and Europe.
value seen: expanded the reach of the Fortune International network
value paraphrased from this source
https://fortuneintlgroup.com/executive-team/

Sources: tags

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
Thereafter, Mrs. Defortuna has been instrumental in the development, from conceptualization to completion, of many other Fortune projects, including Jade Beach, Jade Ocean, The Bridgewater and most recently, Jade Signature.
value seen: instrumental in the development
value paraphrased from this source
https://fortuneintlgroup.com/executive-team/

Sources: title

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
Mrs. Defortuna serves as the company’s Executive Vice President.
value seen: Executive Vice President
https://fortuneintlgroup.com/executive-team/
WD
Walter Defortuna
Walter Defortuna is a board member with a hands-on role in Fortune’s brokerage business. The company credits him with helping transform the family business and with applying accounting, economics and market knowledge to development strategy, feasibility, construction management, costs, zoning and design.
Current title
Member, Board of Directors
Experience
no career length stated
Companies before
none sourced
Education
Economic School of ArgentinaDegrees in Accounting and Economics
Other boards
none sourced
Known for
Board memberFamily-owned businessAccountingEconomicsBrokerage

Sources: education

COMPANYdate not shown in source

Fortune Christie's International Real Estate | Real Estate Experts

Fortune Christie's International Real Estate · carried by fir.com
With dual degrees in Accounting and Economics from the Economic School of Argentina
value seen: dual degrees in Accounting and Economics from the Economic School of Argentina
https://fir.com/our-story

Sources: summary

COMPANYdate not shown in source

Fortune Christie's International Real Estate | Real Estate Experts

Fortune Christie's International Real Estate · carried by fir.com
Walter Defortuna takes a “hands-on” role in all aspects of the company’s brokerage business.
value seen: takes a “hands-on” role in all aspects of the company’s brokerage business
value paraphrased from this source
https://fir.com/our-story

Sources: tags

COMPANYdate not shown in source

Fortune Christie's International Real Estate | Real Estate Experts

Fortune Christie's International Real Estate · carried by fir.com
With dual degrees in Accounting and Economics from the Economic School of Argentina, Mr. Defortuna returned to the United States to transform Fortune from a small family business into a prominent organization expanding into the South American and European markets.
value seen: dual degrees in Accounting and Economics
https://fir.com/our-story

Sources: title

COMPANYdate not shown in source

Fortune Christie's International Real Estate | Real Estate Experts

Fortune Christie's International Real Estate · carried by fir.com
MEMBER, BOARD OF DIRECTORS
value seen: MEMBER, BOARD OF DIRECTORS
https://fir.com/our-story
MD
Monica Defortuna
Monica Defortuna is a board member and Vice President involved in sales, alliances, partnerships and event planning for the family’s brokerage business. She is an Argentine-trained lawyer who spent ten years advising companies and banks before bringing that legal and international-market background to Fortune; the public company profile lists her work email as mgd@fir.com.
Current title
Member, Board of Directors; Vice President of Fortune Christie’s International Realty
Experience
20+ years at fortune
Companies before
Banco Comercial HipotecarioEdificadora de Cordoba
Education
National University of Cordoba, ArgentinaLaw Degree
National University of Cordoba, ArgentinaMaster’s degree in Administrative Law
Other boards
Board member, Argentine Chamber of Commerce
Known for
Board memberVice PresidentLaw degreeAdministrative lawArgentine Chamber of Commerce
Work email: mgd@fir.com1 Email
https://www.linkedin.com/in/monica-defortuna-1266a540

Sources: education

COMPANYdate not shown in source

Monica Defortuna - Your Local Realtor Associate

Fortune Christie's International Real Estate · carried by fir.com
acquired a law degree from Universidad Nacional de Cordoba and a master's degree in Administrative Law.
value seen: Law Degree from Universidad Nacional de Cordoba
https://fir.com/agent/monica-defortuna

Sources: education

COMPANYdate not shown in source

Monica Defortuna - Your Local Realtor Associate

Fortune Christie's International Real Estate · carried by fir.com
acquired a law degree from Universidad Nacional de Cordoba and a master's degree in Administrative Law.
value seen: master's degree in Administrative Law
https://fir.com/agent/monica-defortuna

Sources: email

COMPANYdate not shown in source

Monica Defortuna - Your Local Realtor Associate

Fortune Christie's International Real Estate · carried by fir.com
- Email mgd@fir.com
value seen: mgd@fir.com
https://fir.com/agent/monica-defortuna

Sources: linkedin page

SOCIAL2026-09-11

Monica Defortuna

LinkedIn
### Vice President - Fortune Christie's International Real Estate (Current)
value seen: https://www.linkedin.com/in/monica-defortuna-1266a540
https://www.linkedin.com/in/monica-defortuna-1266a540

Sources: other boards

COMPANYdate not shown in source

Fortune Christie's International Real Estate | Real Estate Experts

Fortune Christie's International Real Estate · carried by fir.com
Monica is a member of the Board of the Argentine Chamber of Commerce.
value seen: member of the Board of the Argentine Chamber of Commerce
https://fir.com/our-story

Sources: previous companies

COMPANYdate not shown in source

Fortune Christie's International Real Estate | Real Estate Experts

Fortune Christie's International Real Estate · carried by fir.com
Monica practiced law in Argentina for ten years as legal advisor for several international companies and local banks, such as Banco Comercial Hipotecario and Edificadora de Cordoba.
value seen: Banco Comercial Hipotecario
https://fir.com/our-story

Sources: previous companies

COMPANYdate not shown in source

Fortune Christie's International Real Estate | Real Estate Experts

Fortune Christie's International Real Estate · carried by fir.com
Monica practiced law in Argentina for ten years as legal advisor for several international companies and local banks, such as Banco Comercial Hipotecario and Edificadora de Cordoba.
value seen: Edificadora de Cordoba
https://fir.com/our-story

Sources: summary

COMPANYdate not shown in source

Monica Defortuna - Your Local Realtor Associate

Fortune Christie's International Realty · carried by fir.com
Ms. Defortuna, a native of Cordoba, Argentina, acquired a law degree from Universidad Nacional de Cordoba and a master's degree in Administrative Law.
value seen: acquired a law degree from Universidad Nacional de Cordoba and a master's degree in Administrative Law
value paraphrased from this source
https://fir.com/agent/monica-defortuna

Sources: tags

COMPANYdate not shown in source

Monica Defortuna - Your Local Realtor Associate

Fortune Christie's International Realty · carried by fir.com
Monica Defortuna is the Vice President of Fortune Christie's International Realty.
value seen: Vice President
https://fir.com/agent/monica-defortuna

Sources: title

COMPANYdate not shown in source

Monica Defortuna - Your Local Realtor Associate

Fortune Christie's International Real Estate · carried by fir.com
#### Member, Board of Directors
value seen: Member, Board of Directors; Vice President
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://fir.com/agent/monica-defortuna
EI
Eduardo Imery
Imery is Fortune’s Executive Vice President and CFO, responsible for strategic initiatives, financial planning, acquisitions and the capital structures of development projects. Before Fortune he worked in mergers and acquisitions at a construction-services firm, helping consolidate more than 20 companies and prepare the business for the public market.
Current title
Executive Vice President and Chief Financial Officer
since 2001
Experience
no career length stated
Companies before
Mergers and Acquisitions group of a construction services firm
Education
Stonehill CollegeDegrees in Finance and Management
Other boards
none sourced
Known for
CFOExecutive Vice PresidentAcquisitionsProject financeCapital markets

Sources: education

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
He is a graduate of Stonehill College with degrees in Finance and Management.
value seen: graduate of Stonehill College with degrees in Finance and Management
https://fortuneintlgroup.com/executive-team/

Sources: full name

OTHERdate not shown in source

Eduardo Imery | MRED+U | U-SoA

University of Miami
## Eduardo Imery Executive Vice President and Chief Financial OfficerFortune International Group
value seen: Eduardo Imery
https://mredu.arc.miami.edu/advisory-board/imery-eduardo/index.html

Sources: previous companies

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
Previously, Mr. Imery worked in the Mergers and Acquisitions group of a construction services firm, completing a nationwide consolidation of over 20 companies.
value seen: Mergers and Acquisitions group of a construction services firm
https://fortuneintlgroup.com/executive-team/

Sources: since

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
Mr. Imery has been with Fortune International Group since 2001
value seen: since 2001
https://fortuneintlgroup.com/executive-team/

Sources: summary

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
Mr. Imery has been with Fortune International Group since 2001 and is responsible for strategic company initiatives and overall financial planning.
value seen: responsible for strategic company initiatives and overall financial planning
value paraphrased from this source
https://fortuneintlgroup.com/executive-team/

Sources: tags

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
He is in charge of acquisitions and defining the financial structures for all development projects, including private and institutional capital and debt financing.
value seen: financial structures for all development projects
https://fortuneintlgroup.com/executive-team/

Sources: title

OTHERdate not shown in source

Eduardo Imery | MRED+U | U-SoA

University of Miami
## Eduardo Imery Executive Vice President and Chief Financial OfficerFortune International Group
value seen: Executive Vice President and Chief Financial Officer
https://mredu.arc.miami.edu/advisory-board/imery-eduardo/index.html
SS
Sebastian Salvat
Salvat leads Fortune’s design and development function and has been with the group since 2002. His documented track record includes guiding more than 4 million square feet of space and $4.5 billion in sales, managing architect and designer relationships, and prior urban-planning and development work on Puerto Madero and Nordelta in Buenos Aires.
Current title
Chief Design & Development Officer (current); previously Vice President of Development and Head of Design
Experience
35+ years real estate
Companies before
NordeltaPuerto Madero development project
Education
University of Buenos AiresArchitect & Urbanist program
Polytechnic Institute of MadridMaster’s Degree in Business and Real Estate (MDI)
Other boards
Founding Member, Florida Chapter of the Congress for New Urbanism
Known for
Chief Design & Development OfficerUrban plannerPuerto MaderoNordeltaArchitect
https://linkedin.com/in/sebastian-salvat-138b18315
since Chief Design & Development Officer: January 2022; Fortune development work: 2002

Sources: education

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
Mr. Salvat graduated from the Architect & Urbanist program at the University of Buenos Aires
value seen: Architect & Urbanist program at the University of Buenos Aires
https://fortuneintlgroup.com/executive-team/

Sources: education

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
and obtained a Master’s Degree in Business and Real Estate (MDI) from the Polytechnic Institute of Madrid in 2001.
value seen: Master’s Degree in Business and Real Estate (MDI) from the Polytechnic Institute of Madrid in 2001
https://fortuneintlgroup.com/executive-team/

Sources: full name

OTHERdate not shown in source

Sebastian Salvat - VP of Development at Fortune International Group

The Org
# Sebastian Salvat
value seen: Sebastian Salvat
https://theorg.com/org/fortune-international-group-corp/org-chart/sebastian-salvat

Sources: linkedin page

SOCIAL2026-09-18

Sebastian Salvat

LinkedIn
### Sebastian Salvat Chief Design & Development Officer at Fortune International Group
value seen: https://linkedin.com/in/sebastian-salvat-138b18315
https://linkedin.com/in/sebastian-salvat-138b18315

Sources: other boards

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
He is a Founding Member of the Florida Chapter of the Congress for New Urbanism.
value seen: Founding Member of the Florida Chapter of the Congress for New Urbanism
https://fortuneintlgroup.com/executive-team/

Sources: previous companies

SOCIAL2026-09-18

Sebastian Salvat

LinkedIn
### Product Development Analyst - [Nordelta]
value seen: Nordelta
https://linkedin.com/in/sebastian-salvat-138b18315

Sources: previous companies

OTHERdate not shown in source

Sebastian Salvat - VP of Development at Fortune International Group

The Org
In Argentina prior to joining Fortune, Mr. Salvat was an urban planner and developer for two of the largest and most significant Latin American real estate projects of the 21st century, Puerto Madero and Nordelta Ciudadpueblo in Buenos Aires.
value seen: Puerto Madero
value paraphrased from this source
https://theorg.com/org/fortune-international-group-corp/org-chart/sebastian-salvat

Sources: since

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
As head of design and development initiatives since 2002
value seen: since 2002
https://fortuneintlgroup.com/executive-team/

Sources: summary

COMPANYdate not shown in source

Executive Team – Fortune International Group

Fortune International Group
As head of design and development initiatives since 2002, Mr. Salvat has helped guide the creation of over 4 million sf of space worth $4.5 billion in sales.
value seen: helped guide the creation of over 4 million sf of space worth $4.5 billion in sales
value paraphrased from this source
https://fortuneintlgroup.com/executive-team/

Sources: tags

OTHERdate not shown in source

Sebastian Salvat - VP of Development at Fortune International Group

The Org
In Argentina prior to joining Fortune, Mr. Salvat was an urban planner and developer for two of the largest and most significant Latin American real estate projects of the 21st century, Puerto Madero and Nordelta Ciudadpueblo in Buenos Aires.
value seen: urban planner and developer for two of the largest and most significant Latin American real estate projects
value paraphrased from this source
https://theorg.com/org/fortune-international-group-corp/org-chart/sebastian-salvat

Sources: title

SOCIAL2026-09-18

Sebastian Salvat

LinkedIn
#### Chief Design & Development Officer (Current)
value seen: Chief Design & Development Officer
https://linkedin.com/in/sebastian-salvat-138b18315

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

1 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

4 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Nexo ResidencesNorth Miami Beach, United States
residential for sale254116—USD 73.3m
construction loan
20% at contract; 10% at groundbreaking; 10% 90 days after groundbreaking; 10% at top-off; 50% at closing12022April 20, 2022Jan 2025 – Dec 2025Sep 2026+14.5 mo
(+9.0 to +20.0)
estimatedcompleted
Auberge Beach Residences & SpaFort Lauderdale, United States
residential for sale1711———10% / 10% / 20% / 10% / 50%12014October 30, 2014Sep 2017 – Dec 2017Apr 2019+17.5 mo
(+16.0 to +19.0)
sourcedcompleted
Jade SignatureSunny Isles Beach, United States
residential for sale192157——10% at Reservation; 30% at Contract; 10% at Top off; 10% at Top-off 2016; 50 % at Closing (End of 2016)12013Oct. 2013Jan 2017 – Dec 2017Mar 2018+8.5 mo
(+3.0 to +14.0)
sourcedcompleted
Hyde Resort & Residences HollywoodHollywood, United States
hotel, hotel residences407140—USD 200m
estimated cost
10% / 10% / 20% / 10% / 50%120142014Jan 2016 – Dec 2016Jan 2017+6.5 mo
(+1.0 to +12.0)
estimatedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

6 found
COMPANY AWARD Winner November 11, 2024
Developer of the Year
Fortune International Group was identified as the winner of the 2024 Developer of the Year award; the article lists Mocca Group and PMG as finalists.
PROJECT AWARD Winner November 11, 2024
Development of the Year · ORA by Casa Tua
ORA by Casa Tua, developed by Fortune International Group in partnership with Casa Tua, was identified as the winner of Development of the Year.
COMPANY AWARD Winner November 6, 2023
Developer of the Year
Fortune International Group and Château Group were identified jointly as the winners of Developer of the Year.
PROJECT AWARD Winner November 6, 2023
Development of the Year · Nexo Residences
Nexo Residences, for which Fortune Development Sales was the exclusive sales and marketing representative, was identified as the winner of Development of the Year; the source names Fortune International Group in the award title.
PROJECT AWARD Winner October 24, 2022
New Development of the Year · The Ritz-Carlton Residences, Pompano Beach
The Ritz-Carlton Residences, Pompano Beach was identified as the winner of New Development of the Year and was described as developed by Fortune International Group and Oak Capital.
PROJECT AWARD Winner August 21, 2020 (award year 2020)
International Architecture Awards 2020 · Jade Signature
Jade Signature was selected in the Multi-Family Housing category of the 2020 International Architecture Awards; the official project record names Fortune International Group as the client.
The Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies · https://www.chi-athenaeum.org/the-2020-international-architecture-awards/2020/08/21/jade-signature-s…

Risks

Risk flags

10 found
FINANCIAL DISTRESS Judgment affirmed July 10, 2024; underlying loan defaults and judgments arose from the Jade Ocean litigation.
Fortune Ocean, LLLP—the project entity associated with Fortune’s Jade Ocean development—defaulted on two $250,000 loans; the trial court awarded each lender $972,589.39 plus accruing interest and fees, and Florida’s Third District Court of Appeal affirmed the judgment on July 10, 2024; this is an entity/project-level matter, not a finding that Fortune International Group itself entered insolvency.
SAFETY / LABOUR Complaint filed October 15, 2019; reported October 28, 2019.
A condominium association sued the Fortune–Château partnership over alleged construction debris, a falling window panel and vibration damage at the neighboring Ritz-Carlton Residences project, alleging unsafe conditions and approximately $225,000 in repair work; both developers said the lawsuit was baseless, and the article also reports that an earlier related lawsuit had settled with undisclosed terms.
DELIVERY DELAY Reported April 17, 2020; the alleged lack of progress concerned the period after the project’s October 2015 approval.
Fortune Development Sales sued CG Miami River LLC, alleging that the planned Miami River megaproject had failed to move forward after approval and that the developer became uncommunicative; Fortune sought a $200,000 termination fee and other costs, while the report records no adjudicated finding against Fortune.
SAFETY / LABOUR Settlement reported August 26, 2020; complaint filed April 2019.
A Fortune sales associate sued Fortune International Group and two executives, alleging that she was denied approximately $222,343 in commissions and asserting related employment and misrepresentation claims; Fortune disputed the allegations and the case settled in August 2020 on undisclosed terms.
LEGAL Dismissal reported December 18, 2018; the alleged project conduct dated from 2004–2012.
In the older Jade Ocean matter that still defines a material risk record, lenders and an equity investor alleged that Fortune-related entities and Edgardo DeFortuna failed to repay project investments and made preferential or inflated payments to affiliates; a trial judge dismissed the case in December 2018, DeFortuna called the ruling vindicating, and the plaintiffs’ lawyer said the dismissal was on pleading technicalities rather than the merits.
PROJECT CANCELLED Reported May 29, 2018 (event/status described as cancellation during the preceding year)
Naranza at Edgewater was reported cancelled; Prodesa was the developer and Fortune International Group handled its sales and marketing, so the cancellation is not attributed to Fortune as developer.
DELIVERY DELAY Put on hold by Nov. 4, 2022; latest retrieved status July 17, 2026
One River Point, originally a KAR Properties project and later a KAR–Fortune joint venture, was put on hold after its 2014 announcement and 2017 sales-center opening; the site was subsequently repurposed/relaunched as Faena Residences, with construction still not begun in the latest retrieved 2026 reporting.
DELIVERY DELAY Lawsuit/report published Apr. 17, 2020; subsequent revival and 2023 construction reported Nov. 5, 2024
The Chetrit Group’s Miami River District was described in Fortune Development Group’s 2020 lawsuit as having failed to move forward and become uncommunicative; the project was later revived by Chetrit and construction of its first phase began in 2023, so this is documented historical delay rather than a current claim that the project remains stalled.
SAFETY / LABOUR Complaint reported Oct. 28, 2019; allegations attributed to the Tropicana Condominium Association
The condominium association adjacent to the Ritz-Carlton Residences Sunny Isles, developed by a Fortune International Group–Château Group partnership, alleged construction debris, a falling window panel and vibrations damaged the neighboring property and left its pool and Jacuzzi inoperable; Fortune’s CEO called the complaint baseless.
SAFETY / LABOUR Reported Nov. 2, 2016; allegations arose during Jade Signature construction
Jade Beach’s association sued Fortune International Group and its project entity over alleged construction debris and missing protective netting during Jade Signature’s construction, seeking repairs and an order requiring safety measures; the report records allegations, not an adjudicated finding.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 10, 2026 this month
Profile last researchedOctober 10, 2026
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