Condos for Sale: the 24/7 South Beach State-of-Mind at the Largest Condominium Conversion in Two Decades; Legendary Flamingo South Beach Offers Lavish Scenery, Progressive Amenities and On-the-Go, Over-the-Top Attitude.

MIAMI BEACH, Fla. -- Following months of speculation and rumor, South Florida's most-anticipated new condominium conversion is official: Flamingo South Beach, where "fun in the sun" takes on a completely new meaning, is a "go."

Legendary as a rental residence, this 1,688 unit, three-building, 16.5 acre campus is being re-envisioned by Chicago-based MCZ/Centrum Flamingo, LLC, as the country's largest condominium conversion in recent memory. Following a $30 million rejuvenation, under the design direction of the renowned Rockwell Group, Flamingo South Beach will offer homeowners an unbeatable South Beach state-of-mind and sophisticated urban lifestyle worthy of any world-class residence.

"Flamingo is the premier Miami condominium community because, quite frankly, there is nothing like it available anywhere else," said developer Michael Lerner. "It simply exudes the South Beach vibe, which is why interest is already at a fever pitch and reservations are in huge demand."

Situated on 1,300 linear feet of exquisite bayfront property, approximately the length of four-plus football fields, Flamingo South Beach features beautiful expansive views of Biscayne Bay and downtown Miami. Residents will enjoy two bayside resort-style pools with a tiki hut and food and beverage service as well as an outdoor spa. Beyond the lush tropical gardens and pathways throughout the property, residents will also enjoy a 10,000-square-foot athletic club packed with state-of-the-art fitness equipment, a full-sized basketball court, juice bar and classes ranging from yoga and Pilates to spinning and kickboxing. Residents can also take advantage of Flamingo's resort-style services including dog walking, housekeeping and car wash.

Also on the drawing board for the community, just blocks from the charming boutiques and cafes of Lincoln Road, are a spa, nail salon, cafe/newsstand, dry cleaners, gourmet market, convenience store, and flower shop, making Flamingo South Beach literally a city-within-a-city.

Flamingo South Beach's South Tower, the first phase in the renovation and conversion process, features 14 stories of 562 residences, ranging in size from 451-square-feet for a studio/one bath, to more than 2,300-square-feet for a three bedroom/three bath. Each unit features high-speed Internet access, satellite television, spacious walk-in closets and a washer and dryer in each unit. The floor plans of studios, one-, two-, and three-bedroom condominiums are priced from $200s to the $800s.

Along with the announcement of Flamingo South Beach, MCZ/Centrum has selected Fortune International as the exclusive sales and marketing partner for the property. Flamingo South Beach's sales center is located at 1500 Bay Road in Miami Beach. For more information, call Fortune International at 305-531-2922 or visit http://www.flamingomiami.com.

About the Developer:

Chicago-based MCZ/Centrum is the renowned developer behind Serenata, Sian Beach Club, Cite, The Tides, The Wave, Parc Central and Regent Park - some of Florida's fastest-selling properties. For more than 30 years, MCZ/Centrum has been committed to providing superb urban development and superior service in Chicago, Kansas City, Washington, D.C., St. Louis, New Jersey and South Florida. Within each market, MCZ/Centrum is committed to offering exciting new communities that complement the urban landscape. MCZ/Centrum is now positioned to develop the next great South Florida community with the newly announced Flamingo South Beach condominium conversion.

About Fortune International:

Since 1983, Fortune International has raised the bar in high-end real estate throughout South Florida. The vision of founder Edgardo Defortuna has set industry standards by continually forging into new, competitive areas of real estate development while remaining a leader in sales and marketing. In its brokerage division, Fortune boasts more that 850 realtors and 17 offices from Key Biscayne to Weston, and numerous international affiliates.

In addition, Fortune International is the developer's choice for exclusive on-site sales, having represented some of South Florida's most successful projects with thousands of sales to date. Fortune's portfolio of high-end, luxury condominium projects include Jade Residences at Brickell Bay, The Bridgewater, M Resort Residences/Le Meridien Sunny Isles Beach, Jade Beach, Jade Ocean, The Ritz-Carlton Club and Residences, IVY, MINT, and now Flamingo South Beach.