Developers in South Florida, including Related Group, Tate Capital, and Rok Acquisitions, have announced plans for The Residences at The St. Regis Bahia Mar Resort in Fort Lauderdale. The $2 billion project, a collaboration with Marriott International, is set to transform Fort Lauderdale’s renowned marina into a luxury destination, bringing a “Monaco-like feel” to the area, according to Related Group's Nick Perez, president of its condominium division.

This ambitious development will occur over two phases across 40 acres of prime waterfront land. The initial phase includes the construction of two 23-story residential towers with 160 luxury condos and a 197-room St. Regis hotel. The complex will also offer a private beach club, upscale dining, and retail spaces, aiming to appeal to both yachting enthusiasts and residents seeking a luxurious lifestyle. The marina will continue to host the annual Fort Lauderdale International Boat Show, a major draw for global yachting aficionados.

Residences within the towers will range from three- to four-bedroom condominiums, spanning 2,600 to 3,550 square feet, with prices starting at $4.4 million. In addition, the project will offer resort residences above the hotel, beginning at $2 million. These units will provide sweeping views of the Atlantic Ocean, Intracoastal Waterway, and Fort Lauderdale skyline, complete with private elevator foyers and wraparound terraces.

Arquitectonica, a prominent architectural firm, is leading the design, while London-based Tara Bernerd & Partners will handle the interiors. The development will feature 88,000 square feet of waterfront commercial space, two resort-style pools, a luxury spa, and wellness facilities. A public park and a 25-foot-wide pedestrian promenade will encircle parts of the property, enhancing the area’s appeal for residents and visitors alike. The marina itself will be upgraded to accommodate megayachts up to 350 feet, further cementing its status as a premier yachting destination.

Jimmy Tate, CEO and president of Tate Capital, stated, “Despite countless obstacles, we never doubted Bahia Mar’s potential. We always believed this project would elevate the entire Fort Lauderdale community.”

Each residence within the St. Regis Bahia Mar will reflect the luxurious standards associated with the St. Regis brand, renowned for its signature service and attention to detail. Residents will enjoy amenities such as a fitness center, private dining rooms, and a media room, among others. The project will also include an app exclusively for residents, providing seamless access to various services.

The launch of sales for The Residences at The St. Regis Bahia Mar represents a significant milestone in Fort Lauderdale’s evolution as a high-end destination. Jorge M. Pérez, Chairman and CEO of Related Group, noted, “With the introduction of The St. Regis Resort and Residences, Bahia Mar Fort Lauderdale, our team is cementing the city as one of the world’s luxury epicenters.”

Douglas Elliman Development Marketing has been appointed as the exclusive sales and marketing agent for these upscale residences.