What Forte Development does

Forte Development is a privately held luxury real estate development firm founded and led by CEO Marius Fortelni, headquartered in North Palm Beach/West Palm Beach, Florida, with additional operations in Jupiter, Clearwater Beach, and the Hamptons, New York. The company develops high-end waterfront residential properties that pair architecturally distinctive designs from named partners — Arquitectonica (Bernardo Fort-Brescia), ODP Architecture & Design, Alfonso Jurado — with interiors by Jean-Louis Deniot, The Decorators Unlimited, and Interiors by Steven G. Its current product portfolio comprises five projects: Forté on Flagler, a 25-story, 41-unit luxury condominium in West Palm Beach developed in joint venture with Two Roads Development and Alpha Blue Ventures; Forté Luxe, a 17-unit boutique waterfront townhome community on a private peninsula in Jupiter; Forté Sands, a proposed 94-unit vacation rental resort on Clearwater Beach; the Hampton's Collection, a portfolio of luxury single-family properties in Sag Harbor and Bridgehampton, New York; and a proposed 80-story, 945-foot mixed-use tower in Miami's Brickell neighborhood developed in JV with Prosper Group.

The company generates revenue through one-time sales of luxury residential units at price points ranging from approximately $4 million to more than $47 million, with closings occurring at project completion. Forte Development has secured approximately $229 million in construction financing across its active projects from Bank OZK ($121.5M for Forté on Flagler), 360 Capital Funding ($47.5M for Forté Luxe), and Kriss Capital ($60M for Forté Luxe), and distributes its products through exclusive sales representation from Douglas Elliman Development Marketing, supplemented by Christian Angle Real Estate and Serhant at the ultra-premium end. Its go-to-market combines high-end architectural branding, event-driven marketing (groundbreaking and topping-off ceremonies), earned media in outlets such as The Real Deal and Florida YIMBY, and targeted outreach to ultra-high-net-worth buyers — a roster that has included a former Sotheby's CEO, a hedge fund co-founder, an Aston Martin/McLaren dealer principal, and the founder of Holly Hunt Design. The business model is project-based and cyclical, with revenue recognition tied to construction completion and unit closings; Forté on Flagler's $289.1M of pre-sales (37 of 40 units) is the primary near-term revenue engine as closings commenced in July 2025.

Name

Forte Development

Legal name

Forte Development

Website

https://fortedevelopmentus.com

Company type

Private

Operating status

Operating

Short description

Forte Development is a privately held luxury real estate developer led by CEO Marius Fortelni, focused on high-end waterfront residential projects across South Florida and the Hamptons. The firm sells $4M–$47M+ units to ultra-high-net-worth buyers via architecturally branded developments and exclusive broker partnerships.

Ownership category

akta.pro rank

Headquarters

HQ city

North Palm Beach

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Luxury Real Estate Sales: Forte Development generates primary revenue through the sale of luxury residential units. The company develops high-end condominiums, waterfront townhomes, and planned vacation rental resorts. Units are sold at premium price points ranging from $3.975 million to over $47 million, with total project sellouts often exceeding $100 million. Sales occur pre-construction and at closing upon project completion.
2. Construction Financing: The company secures construction loans from financial partners to fund development. These include $121.5M from Bank OZK for Forté on Flagler, $47.5M from 360 Capital Funding for Forté Luxe, and $60M from Kriss Capital for Forté Luxe expansion. While financing is not direct revenue, it enables project execution and scaling.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Forte Development is a luxury real estate development and construction company that develops, markets, and sells ultra-premium waterfront residential properties in South Florida and the Hamptons. Its deliverable units include high-rise luxury condominiums, boutique waterfront townhome communities, and luxury single-family residences, sold at price points ranging from approximately $3.975M to over $47.5M per unit. The company operates through joint ventures and partnerships with world-class architects, interior designers, contractors, and exclusive sales brokerages to deliver turnkey luxury real estate products to ultra-high-net-worth buyers.

Product overview

Forte Development is a luxury real estate development company led by founder and CEO Marius Fortelni, specializing in high-end residential properties across Florida and New York. The company's portfolio consists of multiple distinct luxury development projects: (1) Forté on Flagler, a 25-story luxury condominium tower in West Palm Beach; (2) Forté Luxe, a 17-unit boutique waterfront townhome community in Jupiter, Florida; (3) Forté Sands, a proposed 94-unit vacation rental resort in Clearwater Beach; (4) the Hamptons Collection, luxury residential properties in Sag Harbor and Bridgehampton, NY; and (5) a joint venture with Prosper Group for an 80-story mixed-use tower in Miami's Brickell. The company operates through strategic partnerships with developers, architects, designers, and construction firms to deliver luxury residential projects.

Differentiator

Problem solved

Functional benefit

Brands

• Forté Flagler: Luxury high-rise condominium on Flagler Drive in West Palm Beach, Florida - a 25-story tower with panoramic views of the Intracoastal Waterway and Atlantic Ocean
• Forté Luxe
• Forté Sands
• Hampton's Collection

Products and services

• Forté on Flagler 25-story, approximately 300-foot luxury high-rise condominium at 1309 South Flagler Drive in West Palm Beach, Florida, featuring 40-41 large residences (4,200-8,400 sq ft) with 4-bedroom half-floor configurations, a full-floor 6-bedroom penthouse, panoramic views of the Intracoastal Waterway and Atlantic Ocean, private elevator foyers, custom European cabinetry, and Sub-Zero, Wolf, and Waterworks appliances. Priced from $6.7M to over $30M, with a top penthouse asking $47.5M.
• Forté Luxe Luxury boutique waterfront community of 17 multi-level residences (3,550-5,074+ sq ft) on a private peninsula on the Intracoastal Waterway in Jupiter, Florida, featuring rooftop decks, private boat slips for vessels up to 60 feet, and direct Atlantic access. Priced from approximately $3.975M to $8M, with interiors by The Decorators Unlimited and Interiors by Steven G., and architecture by Alfonso Jurado. Projected sellout approximately $110M.
• Hampton's Collection Collection of luxury single-family residential properties in Sag Harbor and Bridgehampton in The Hamptons, New York. Residences feature voluminous ceilings, full-height sliding glass windows and doors, separate laundry rooms with full-size washers and dryers, and expansive walk-in closets with spa-like bath retreats. Specific addresses include 38 Ezekiel's Hollow (Sag Harbor), and 1223 Ocean Road, 109 Lockwood Ave, 352 Brick Kiln Road, 1903 Deerfield Road, 355/330/772 Middle Line Highway (Bridgehampton).

Quantifiable outcome

• Forté on Flagler achieved $289.1M in total sales volume with 37 of 40 units sold before completion
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

13 partnerships are on record, tiered core and major.

• Two Roads DevelopmentcoreStrategic or Co-development Partner · 1 December 2021Joint venture partner with Alpha Blue Ventures for Forté on Flagler development at 1309 South Flagler Drive in West Palm Beach. Two Roads Development is a real estate development, financing and marketing firm led by James Harpel (and later Reid Boren and Taylor Collins), with offices in Miami and West Palm Beach. They previously completed the 57-story Elysee condo tower in Miami's Edgewater neighborhood.
• Alpha Blue VenturescoreStrategic or Co-development Partner · 1 December 2021Joint venture partner with Two Roads Development for Forté on Flagler. Formed by Marius Fortelni (Forte Development founder) and Scott Maslin of Woodglen Investments, with offices in New York and Palm Beach. Alpha Blue buys, develops and manages real estate in New York and South Florida markets.
• ArquitectonicacoreTechnology or IntegrationMiami-based architecture firm led by Bernardo Fort-Brescia designed the Forté on Flagler 25-story tower. Arquitectonica is a renowned international architecture firm known for iconic projects. The firm designed the approximately 300-foot-tall structure with glass facade offering panoramic views of Intracoastal Waterway and Atlantic Ocean.
• Jean-Louis DeniotcoreTechnology or IntegrationInternationally acclaimed interior designer for Forté on Flagler residences. Deniot designed custom kitchen and bathroom cabinetry, private elevator foyers, and overall interior aesthetic for the luxury condominiums, bringing European sophistication to the project.
• KAST ConstructioncoreTechnology or IntegrationGeneral contractor for Forté Luxe waterfront community in Jupiter, Florida. KAST Construction is building the 17 multi-level residences on the private peninsula surrounded by Intracoastal Waterway.
• MosscoreTechnology or IntegrationFort Lauderdale-based Moss served as general contractor for Forté on Flagler construction. The firm oversaw the 25-story tower completion, including facade installation and final construction phases leading to topping-off ceremony.
• Douglas Elliman Development MarketingcoreChannel Partner/ Reseller/ DistributorExclusive sales team for Forté Luxe waterfront community. Douglas Elliman handles all sales and marketing representation for the Jupiter, Florida project, including buyer inquiries and property showings.
• Alfonso JuradocoreTechnology or IntegrationArchitect for Forté Luxe waterfront community in Jupiter. Alfonso Jurado designed the contemporary, modern architecture for the boutique development featuring multi-level residences on the Intracoastal Waterway peninsula.
• The Decorators UnlimitedcoreTechnology or IntegrationInterior design firm for Forté Luxe, providing contemporary interior design aesthetic for the Jupiter waterfront community. The firm designed residences featuring European-style cabinetry, Quartz countertops, and spa-inspired bathrooms.
• Interiors by Steven G.coreTechnology or IntegrationInterior design firm tapped for Forté Luxe townhomes, providing design services for the 17-unit waterfront development. Steven G. brings luxury interior design expertise to the Jupiter project.
• Prosper GroupmajorStrategic or Co-development PartnerMiami Beach-based Prosper Group, led by Jay Roberts, is co-developing the 80-story mixed-use tower at 1040 South Miami Avenue in Brickell. The partnership marks Forte Development's first South Florida development outside of Palm Beach County, with the project including 250 condos, 48 condo-hotel units, and 100 hotel rooms.
• ODP Architecture & DesignmajorTechnology or IntegrationHollywood-based architecture firm on the proposed 80-story mixed-use Brickell tower application. ODP Architecture & Design is developing the 945-foot-tall tower design featuring a prominent structural exoskeleton and hourglass-shaped massing.
• ArquitectonicacoreTechnology or IntegrationMiami-based international architecture firm featured in company logo section, indicating ongoing partnership for luxury residential projects. Known for innovative designs including the Forté on Flagler tower.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Two Roads Development: Miami-based luxury residential developer and JV partner on Forte's flagship Forté on Flagler project. Comparable boutique luxury condo focus, similar price points ($5M+), and overlapping Florida submarkets (West Palm Beach, Miami). Directly co-develops with Forte, making it both a peer and a partner.
• Property Markets Group: Miami and New York-based developer of luxury boutique residential towers including waterfront projects in Miami (Biscayne Beach, Aston Martin Residences) and West Palm Beach area. Highly comparable boutique luxury model, similar price points, and starchitect partnerships (e.g., Aston Martin Residences).
• CMC Group: Miami-based boutique luxury developer behind projects such as Brickell Flatiron and Una Residences. Directly comparable to Forte on project type (luxury high-rise condos), unit count, and price tier ($3M-$30M+), with strong overlap on Brickell and Miami luxury buyer segments.
• Fortune International Group: Miami-based developer specializing in luxury waterfront condominiums in South Florida, including Ritz-Carlton Residences and St. Regis Residences across Miami, Sunny Isles Beach, and Brickell. Direct competitor for the same UHNW buyer pool Forte targets.
• Witkoff Group: Florida and New York-based luxury real estate developer behind major Miami projects including The Residences at 1428 Brickell and hospitality-led developments. Comparable on ultra-luxury price points, mixed-use complexity, and geographic overlap in Miami/South Florida.
• Terra Group: Miami-based developer of luxury residential and mixed-use projects including Eighty Seven Park and the Mandarin Oriental Residences in Coconut Grove. Comparable on ultra-luxury waterfront product, Miami market focus, and starchitect partnerships.
• Prosper Group: Miami Beach-based luxury developer and Forte's JV partner on the proposed 80-story Brickell tower. Develops high-end residential and mixed-use projects across South Florida including Miami Beach and Brickell. Comparable on price tier and Brickell submarket focus.
• Aria Development Group: Miami-based boutique luxury condo developer behind projects such as Aria on the Bay and Onda Residences in Miami's Edgewater and Bay Harbor Islands. Comparable on boutique luxury condo model, Miami submarket focus, and unit count (40-80 units per project).

Broad incumbents

• Related Group: Largest luxury condo developer in South Florida, with extensive Florida inventory including luxury waterfront towers in Miami, Fort Lauderdale, and West Palm Beach. Broader product range and scale than Forte, but directly competes for the same ultra-high-net-worth buyer pool in overlapping submarkets like Brickell and West Palm Beach.

Others

• Douglas Elliman Development Marketing: Exclusive sales and marketing representative for Forte's Forté on Flagler and Forté Luxe projects. While not a direct competitor, Douglas Elliman represents most major luxury condo developers in South Florida and provides direct visibility into peer pricing, absorption, and buyer trends across the segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks3 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/fortedevelopmentus

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Forte Development