Related Group launched pre-construction sales of units at a beachfront condominium development in Mexico.
Miami-based Related is developing SLS Marina Beach in Cancun in a partnership with hospitality company SBE and local developers U-Calli and Immoblia.
Expected to open for occupancy in December 2021, the 20-story condominium will have 104 units with two-, three-, four- and five-bedroom floor plans priced from $500,000 to $1.5 million.
Prices for three penthouses with private rooftop terraces range from $1.9 million to $2.2 million.
Buyers will have private-elevator access to all the units at SLS Marina Beach. Each unit will have floor-to-ceiling windows and glass walls, walk-in closets, marble floors, kitchens equipped with Italkraft appliances, and bathrooms with imported-stone vanity tops and European cabinetry. New York-based Meyer Davis designed the interiors.
Common-area amenities include a fitness center, catering services, a theater room, a play room for kids and a business center.
The development site of SLS Marina Beach is in a gated community called Novo Cancun, where residents have access to tennis courts, swimming pools and a marina. Novo Cancun is next to a shopping center that opened in 2017 and an 18-hole, par-72 golf course designed by Tom Weiskopf.
The site is near two other condominiums that Related and SBE have developed: SLS Hotel & Residences Cancun, where 99 percent of the units have been sold, and SLS Harbour Beach, which is 80 percent sold out.
Residents of SLS Marina Beach will have access to Ciel Spa at the neighboring SLS Hotel & Residences Cancun.
Related and SBE have worked together on 10 developments in the United States, Mexico and Argentina, including two in Miami that opened this year: SLS LUX Brickell and Hyde Midtown. [Forbes] – Mike Seemuth