Bentley Condo Tower With Car Elevator Lands $630 Million Loan
Bloomberg reported that Dezer Development secured a $630 million construction loan from Madison Realty Capital for a 61-story Bentley Motors-branded luxury condominium tower in Sunny Isles Beach, Florida. The project at 18401 Collins Ave. features over 200 units starting at $5.8 million, with unique amenities including a car elevator—the "Dezervator"—and private three-to-four car garages for each residence. More than half of the units have already sold, including two penthouses listed at $37.5 million each, with the tower expected to open in 2028. Berkadia South Florida helped arrange the financing for the nearly $1 billion development, which marks Bentley's first branded residential tower.