Developer: Opera Tower to unveil new lobby this month

01/31/2014 11:50 AM

01/31/2014 11:52 AM

Opera Tower, the 56-story, landmark, luxury condominium overlooking Downtown Miami and Biscayne Bay, opens its elegant new lobby by the celebrated Spanish interior design company Baltus this month.

At the same time, Opera Tower’s developer announced that all of the final 150 units for sale will earn 6 percent commission for brokers, with prices now beginning at $270,900. Brokers should bring in all of their clients and prospects to take advantage of the 6 percent commission that will be effective only from Jan. 23 through April 1, says a company official.

Opera Tower chose Baltus for the striking lobby redesign because of its noted passion for careful craftsmanship, generous proportions, and unique textures and finishes — raising the bar on furnishings and interiors that define elite Miami style.

“We want to enhance and revitalize the lobby, creating a fresh, new look for our residents to enjoy, and we know that Baltus can deliver exactly what we are looking for,” said Opera Tower developer Tibor Hollo.

The Baltus Group, a Marbella-based firm founded by renowned Spanish artist Javier Martín in 2001, has its only U.S. showroom in the Miami Design District.

For the design of Opera Tower’s now nearly completed lobby, Baltus selected finishes with a timeless, curvilinear design, using the existing rounded walls and columns to complement the material selections.

In addition to a striking glass globe chandelier, other focal points of the lobby are the 25-foot-high columns wrapped in a luxurious wall covering that has the look of iridescent tile, a look that is carried into the reception desk area and elevator lobby.

The new reception desk features a backlit onyx face and black granite top, polished to a glassy finish. A one-of-a-kind Baltus wall panel system was custom-designed with a state-of-the-art, glossy lacquered finish.

To add to the welcoming entry, warm-tone stone flooring and sleek, contemporary Baltus Collection furnishings enhance the inviting, elegant space.

“We are excited to be working alongside Baltus, known for its devotion to design and quality, while never losing sight of function. The new lobby of Opera Tower will be just that,” says Fortune International vice-president of sales Andres Asion. “However, our buyers and agents are also very excited about the announcement of new 6 percent commissions on all unit sales from Jan. 23 through April 1. With 150 units left, this news gives us extra impetus to close out Opera Tower this spring with a bang.”

With 485 residences already sold, sales at Opera Tower, led by Fortune International, continue to move along at a steady pace, says Asion, adding that the leaseback program will end April 1.

Under the program, buyers are able to earn immediate leaseback rental revenue equal to 6 percent of the purchase price, says Asion. The developer, through its affiliated management group, will lease back the owners’ units for up to three years from the date of closing. During that time, buyers will receive an annual rent equal to 6 percent of the purchase price. Buyers pay only property taxes and insurance, as monthly condominium maintenance fees are paid by the developer, with no rental commission fees or property management expenses, explains Asion. Buyers can purchase with cash or with up to 50 percent developer financing.

For more information on Opera Tower and the financing and leaseback programs, please call 786-369-1298, visit the on-site sales center at 1750 North Bayshore Dr., or go to www.operatower.com.

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