Tuesday, 10 November 2026
Romanian property developer One United Properties is expanding its activities in the United States through an investment in a residential and commercial development in Miami, Florida. The company has joined a group of investors participating in ORA by Casa Tua, a 77-storey building planned for the Brickell district, in a transaction involving USD 43 million in combined investment from One United Properties and its partners.
The transaction follows the company’s earlier investments in the Nashville metropolitan area in Tennessee and represents its first involvement in Miami’s property market. The investment is being channelled primarily through a Romanian entity controlled by One United Properties, with additional participation from ERA5 Real Estate, the US investment business owned by David Flusberg.
The Miami development is being undertaken by Fortune International Group, a Florida-based property company led by Edgardo Defortuna. One United Properties will participate as an investment partner rather than assuming responsibility for the development independently. The overall project budget is expected to exceed USD 1 billion.
The planned building will occupy a site at 1210 Brickell Avenue, within an area of Miami that has experienced substantial residential and commercial construction over recent years. Brickell accommodates financial institutions, corporate offices, apartment buildings, hotels and retail premises, with development increasingly concentrated around high-density mixed-use properties.
Designed by architectural practice Arquitectonica, the building is expected to reach approximately 292 metres and contain 533 residential units. The accommodation will range from smaller apartments to four-bedroom properties, with additional larger residences on the upper floors. Interior design has been assigned to the Milan-based studio m2atelier.
The apartments will be sold furnished, and purchasers will have the option of making their properties available for short-term accommodation through a rental arrangement operated by Casa Tua. This introduces an accommodation management component alongside conventional residential ownership, although participation in the programme will remain optional.
The commercial elements will include restaurants, food retail, shared working facilities and space for health and fitness activities. Approximately 25,000 square feet has been allocated to four restaurant and food concepts operated under the Casa Tua name. A members’ facility is also planned for the uppermost floor, while residential occupants will have access to swimming pools, exercise areas and landscaped communal spaces.
Casa Tua, which began operating in Miami in 2001, provides the hospitality component of the development. Its involvement extends the building’s functions beyond residential accommodation by incorporating managed services and facilities for both occupants and external visitors.
For One United Properties, the investment introduces exposure to a property market with different financing arrangements, development costs and demand characteristics from those of Romania. Its participation through a partnership also means that development execution will remain principally with an established local operator.
The USD 43 million commitment represents the combined investment of One United Properties and its co-investors, rather than an amount attributable exclusively to the Romanian listed company. The announcement does not specify the precise ownership percentage acquired by One United Properties or the anticipated financial return from the investment.
The involvement of ERA5 Real Estate provides a connection between the Romanian investor and the US development market. Flusberg, who serves as One United Properties’ US managing partner, has been involved in identifying and assessing investment opportunities as the company develops its activities outside Romania.
The investment comes as Miami continues to attract residential development and commercial investment, particularly in districts where employment, housing and leisure facilities are concentrated within relatively small urban areas. Brickell has become one of the principal locations for this type of construction, although the volume of new residential supply also makes pricing, absorption rates and delivery schedules important considerations for investors.
The project’s financial scale places it among the larger residential developments in the area. However, the distinction between the total development budget and the amount committed by individual investors is significant when assessing the transaction’s implications for One United Properties.
The development has received planning approval from the City of Miami, and building work is scheduled to commence during the first quarter of 2027. The announcement does not provide a confirmed completion date.
For One United Properties, the Miami transaction adds another US investment to a business whose main development activities remain concentrated in Romania. Its longer-term financial contribution will depend on construction progress, residential sales, development expenditure and the eventual distribution of returns among the project’s investors.
