Romanian real estate developer One United Properties announced that it joined Fortune International Group as a partner in ORA by Casa Tua, a planned 77-story tower in Miami’s Brickell district. The transaction marks One United’s entry into Miami and expands its US presence beyond earlier investments in the Nashville metropolitan area.
One United and its co-investors are investing USD 43 million in the project company. The investment will be made primarily through a Romania-based vehicle controlled by One, with ERA5 Real Estate, owned by the Romanian company’s US managing partner David Flusberg, also participating.
The project’s total development cost is expected to exceed USD 1 billion. Construction is scheduled to start in the first quarter of 2027, following approval of the plans by the City of Miami.
“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,” One United co-founder and co-CEO Victor Căpitanu said. “Our ambition is to build a lasting US business through carefully selected investments.”
Located at 1210 Brickell Avenue, the approximately 292 m tower will contain 533 units ranging from studios to four-bedroom apartments, as well as sky suites and penthouses. The development will also include restaurants, commercial and office space, a wellness center, and coworking facilities.
The furnished residences may be occupied throughout the year or included in an optional rental program managed by Casa Tua when their owners are away, One United said.
Fortune International Group is the project’s developer, while Casa Tua provides its hospitality brand and will operate several restaurant concepts and a private members’ club on the top floor. Architecture firm Arquitectonica designed the tower, with interiors by Milan-based m2atelier.
“One United Properties shares our conviction in the long-term strength of Miami and the caliber of development this market demands,” Fortune International Group president and CEO Edgardo Defortuna said. “Their investment in ORA is a strong endorsement of the project, the continued international appeal of Brickell, and the vision we have established for this development.”
In his turn, David Flusberg mentioned that the project was selected after several months of analyzing potential investments.
“Miami will remain one of the world’s most dynamic investment destinations in the years ahead,” he stated.
One United is listed on the Bucharest Stock Exchange (BVB) and develops residential, office, and mixed-use projects, with a focus on urban regeneration. The Miami partnership forms part of its broader effort to establish a real estate investment business in the United States.
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