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Porsche Signs Real Estate Deal

Germany-based Porsche Design Group and New York/South Florida developer Dezer Properties signed an agreement to expand the luxury brand into residential real estate. The venture’s first project in this new arena features a proposed 57-story luxury t

The venture’s first project in this new arena features a proposed 57-story luxury tower in Sunny Isles Beach, featuring a unique robotic parking system that allows owners to park their vehicles in “sky garages” directly next to their units. Sunny Isles Beach has approved plans for the project.

“I could not envision a more exceptional project for our brand,” says Dr. Juergen Gessler, chief executive officer of the Porsche Design Group. “The Porsche Design Tower would be representative of our company’s commitment to engineered luxury and the fundamentals that redefine luxury and deliver technically inspired products, such as this state-of-the-art parking system.”

“We feel honored to partner with such a prestigious enterprise,” says Gil Dezer, president of Dezer Properties. “Our development team is confident this building will serve as a catalyst for other Porsche Design Towers throughout the world.”

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