Another St. Regis-branded development is coming to South Florida, planned for Related Group, Tate Capital and Rok Acquisitions’ phased Bahia Mar project.
The developers launched sales of the St. Regis Resort and Residences, Bahia Mar Fort Lauderdale during the Fort Lauderdale International Boat Show, according to a press release. The 40-acre Bahia Mar hosts the annual boat show.
The first phase of the $2 billion project calls for two 23-story condo towers, a 197-key luxury hotel and a private beach club.
The condo towers will include 160 units, combined. Douglas Elliman is handling sales and marketing, with prices starting at $4.4 million for the traditional condos and $2 million for the condo-hotel units, according to the release.
Marriott International owns and manages the St. Regis brand. Related and Integra Investments plan a St. Regis condo project in Miami’s Brickell; and Chateau Group and Fortune are building a two-tower St. Regis condo project in Sunny Isles Beach.
The planned redevelopment of Bahia Mar has been in the works since 2014. A larger version of the project was approved in 2017, but the developer faced legal challenges and the city later rejected its plans.
The Pérez family’s Related Group joined Jimmy Tate and Sergio Rok’s Bahia Mar development team in early 2023. Later that year, the developers secured their final approvals and were expected to begin condo sales by the end of last year.
Coconut Grove-based Arquitectonica is the project architect, and London-based Tara Bernerd & Partners is the interior design firm for the first phase. The overall project is expected to include 88,000 square feet of waterfront commercial space with restaurants, dockage, a public park along the Intracoastal Waterway and a pedestrian promenade.
At the St. Regis, the traditional three- to four-bedroom condos will range from 2,600 square feet to 3,550 square feet, excluding penthouses. The condo-hotel units will have one to three bedrooms, as well as penthouses. About 17,000 square feet of indoor amenities are planned, including a spa, salon, fitness center, children’s entertainment space. The hotel will also have two pools, its own gym and spa and a restaurant.
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Last week, Edgardo Defortuna’s Fortune International Group and Shahab Karmely’s KAR Properties launched sales for Faena Residences along the Miami River. Like Bahia Mar, the condo project, previously known as One River Point, had been in the works since at least 2014. Defortuna joined Karmely as a co-developer in late 2022. The Alan Faena-branded condo project will mark the second Faena development in South Florida, following the Faena District in Miami Beach.