One United Properties, a Romanian investor and developer listed on the Bucharest Stock Exchange, has become a partner in ORA by Casa Tua, a 77-storey mixed-use residential tower in Miami's Brickell district, alongside Fortune International Group. The move marks ONE's entry into the Miami real estate market and extends its US presence following earlier investments in the Nashville metropolitan area, Tennessee.
ONE and its co-investors are committing $43 million to the project company through a Romania-based vehicle controlled by ONE, with US managing partner ERA5 Real Estate, owned by David Flusberg, co-investing alongside it. The total development cost is expected to exceed $1 billion. Fortune International Group, founded by Edgardo Defortuna and active in South Florida for more than 40 years, is the project's developer, while the Casa Tua hospitality brand, founded in Miami in 2001 by Miky and Leticia Grendene, provides the lifestyle and dining concept. ORA is the first residential tower to carry the Casa Tua name.
"Miami is a central focus of our US growth strategy, and ORA by Casa Tua gives us the opportunity to establish our presence in one of the world's most dynamic residential markets, alongside Fortune, a partner with decades of experience in South Florida," said Victor Căpitanu, co-founder and co-CEO of One United Properties. "Our ambition is to build a lasting US business through carefully selected investments, with the same discipline that guides us in Romania."
"We've been very deliberate about the partners we bring into ORA by Casa Tua, and One United Properties shares our conviction in the long-term strength of Miami," said Edgardo Defortuna, President and CEO of Fortune International Group. "We look forward to bringing together our respective expertise to deliver something truly distinctive for Miami." David Flusberg, founder of ERA5 and ONE's US managing partner, added: "ORA stood out for its prime Brickell location, approved development plans, strong pre-sales and the calibre of its partners."
Designed by Arquitectonica with interiors by Milan-based m2atelier, the tower will rise approximately 292 metres at 1210 Brickell Avenue and will comprise 533 units ranging from studios to four-bedroom apartments, including sky suites and penthouses. Residences will be delivered fully furnished, with an optional rental programme managed by Casa Tua. The tower will also include four Casa Tua restaurant and market concepts spanning approximately 25,000 sqm of food and beverage space, a wellness centre, co-working space and a private members' club on the 77th floor, all set alongside private amenity areas including pools and a three-storey sky garden.
Construction is scheduled to begin in the first quarter of 2027, following approval of the project plan by the City of Miami. Brickell has attracted sustained corporate and capital inflows in recent years, supported by the city's favourable tax environment, international community and growing financial and technology sectors.
