Romanian developer One United Properties is entering Miami through a $43 million investment in ORA by Casa Tua, a planned branded residential tower in Brickell. The company is joining developer Fortune International Group in the project, whose total development cost is expected to exceed $1 billion. Construction is scheduled to begin in early 2027.
Key takeaways
One United’s investment marks a new step in its U.S. expansion, while adding capital and an international development partner to Fortune’s Brickell project.
- One United Properties and co-investors are committing $43 million to the project company.
- The planned 77-story tower will include 533 furnished residences and public-facing dining, wellness and workspaces.
- Construction is scheduled to start in the first quarter of 2027, following approval of the project plan by the City of Miami.
A new foothold in Miami
The investment makes Miami the latest U.S. market for One United Properties, which has also invested in the Nashville metropolitan area. The Bucharest-listed company develops residential, office and mixed-use properties in Romania. It is joining ORA as a partner alongside Fortune International Group, the project’s developer.
The $43 million commitment is being made mainly through a Romania-based vehicle controlled by One United. ERA5 Real Estate, the company’s U.S. managing partner, is also investing. One United co-founder and co-CEO Victor Căpitanu said Miami is central to the company’s U.S. growth strategy and described the partnership as part of a long-term approach to building a business in the country.
Fortune CEO Edgardo Defortuna said the partnership reflects confidence in Brickell and the development. The project is also backed by Casa Tua, the Miami-founded hospitality brand providing its name and lifestyle concept. The tower will be its first residential-branded building.
A mixed-use tower planned for Brickell
ORA by Casa Tua is planned for 1210 Brickell Avenue, in Miami’s financial and urban lifestyle district. Arquitectonica designed the tower, with interiors by Milan-based m2atelier. At approximately 292 meters, or 957 feet, it is planned to rank among Miami’s tallest residential buildings. The estimated development cost is more than $1 billion.
Plans call for 533 residences, from studios to four-bedroom apartments, including sky suites and penthouses. Units are to be delivered furnished, and owners will have the option to place them in a rental program managed by Casa Tua when not in use.
The project is set to combine private residential amenities with spaces open to the public. Plans include four Casa Tua restaurant and market concepts—Terra, Uva, Fuoco and Vento—across about 25,000 square feet, along with wellness and coworking facilities. A private members’ club is planned for the 77th floor, while residents and guests are to have access to pools, fitness facilities and a three-story sky garden.
Project timeline and partners
The City of Miami has approved the project plan, and construction is scheduled to begin in the first quarter of 2027. Fortune has said sales are underway. The partnership brings together One United’s experience in mixed-use development, Fortune’s South Florida development and sales platform, and Casa Tua’s hospitality brand; the announced schedule and plans remain subject to the project’s delivery process.