September 14, 2024

Miami, FL — In a landmark deal, Related Group and Integra Investments have closed on a substantial loan to commence construction of the highly anticipated St. Regis Residences Miami. Situated on the waterfront in the upscale Brickell neighborhood, this financing marks the second-largest construction loan in Miami’s history, second only to the recent funding for the Waldorf Astoria Residences.

The St. Regis Residences Miami will be the city’s first standalone St. Regis-branded condominium. Inside sources reveal that the project is nearing 70% in sales, reflecting strong market confidence in Miami’s luxury real estate sector. Demolition of the existing structures on the site is nearly complete, with groundbreaking scheduled for October. The 48-story tower will feature 148 exclusive residences and is projected to be completed by summer or fall of 2027.

“This development represents a new era of ultra-luxury living in Miami,” said a spokesperson for Related Group. “We’re excited to bring the legendary St. Regis experience to the city’s mainland.”

The St. Regis Residences is the first of several high-end projects managed by prestigious five-star brands set to redefine Miami’s skyline:

Together, these developments are poised to set a new standard for luxury living in Miami, offering unparalleled amenities and services that currently do not exist in the market.

Real estate analysts believe this trend signifies Miami’s growing appeal as a global luxury destination. “The influx of ultra-luxury residences managed by world-renowned brands underscores the city’s booming real estate market and its attractiveness to affluent buyers worldwide,” noted a local industry expert.

As construction gears up, Miami residents and investors alike are watching closely. The addition of these iconic brands is expected to elevate the city’s status and contribute significantly to its economic growth.

The future of Miami’s luxury real estate market indeed looks bright