Related Group Completes Largest Concrete Pour In Its 45-Year History at Baccarat Residences

Leading real estate developer Related Group (Related) and GTIS Partners, marked a major development milestone this weekend with the foundation pour of the highly anticipated Baccarat Residences Miami. Requiring over 10,000 cubic yards of concrete and 1,500 tons of reinforcing steel, the pour is confirmed to break all prior records set by the prolific development firms, for what is set to be the legendary french crystal brand’s only stand-alone residential tower, managed by hospitality titan SH Hotels & Resorts. The highly anticipated luxury tower is over 95% sold ahead over its 2028 completion.

The historic concrete pour by Ceco Concrete Construction, which spanned 30 hours, started at 8pm Friday night and continued uninterrupted until 2am Sunday morning, masterfully overseen by the general contractor John Moriarty & Associates of Florida (JMA) with support from Florida Concrete Unlimited, Titan America, Gancedo Lumber, B&J Consulting Engineers and NV5.

“It’s not every day you see a foundation pour of this scale and magnitude. It was truly a once-or-twice-in-a-lifetime event,” said Nicholas Perez, President of Related’s Condominium Division. “We are incredibly grateful to JMA, our subcontractors and engineers for their participation in this monumental undertaking, which required a tremendous amount of coordination and planning.”

Located on one of the last waterfront parcels along Brickell Avenue, where the Miami River meets Biscayne Bay, the 75-story tower is crafted by the world’s preeminent design talents, with architecture by international firm Arquitectónica, interiors by the NYC based Meyer Davis Studio and landscape design by swiss architect Enzo Enea.

The sister property to the record-breaking Baccarat Hotel & Residences NYC, the Brickell tower is made up of 355 residences, including just eight exclusive penthouses. The property, which has enjoyed record sales success, is now 95% sold, with selected premium residences remaining for sale. Fortune International Realty is the exclusive sales agency for Baccarat Residences Miami.

Residents will enjoy over 75,000 SF of luxurious five-star amenities throughout five levels of the tower that will be cohesive in essence but unique in design elements — including exquisitely appointed social spaces, a state-of-the-art health and fitness center, La Mer spa facilities, a private marina for residents’ yachts and a curated collection on museum-quality art — all expertly managed by SH Hotels & Resorts.

For more information about The Residences at Baccarat Residences or to inquire about purchasing a unit please fill out the form below:

Related Group and GTIS Partners Secure $328 Million Construction Loan From Bank OZK for 75-Story Baccarat Residences Miami in Brickell

Related Group and GTIS Partners have secured a $328 million construction loan to finance the development of Baccarat Residences Miami, an ultra-luxury condominium tower located at the gateway of Brickell Avenue. Bank OZK provided the floating-rate loan with a competitive interest rate. Berkadia South Florida arranged the nine-figure loan, with efforts led by Managing Director Scott Wadler and Vice President Michael Basinski, Senior Managing Director Mitch Sinberg and Managing Directors Matt Robbins and Brad Williamson.

The property, which launched in late 2021 and is now more than 95% sold, is currently under construction and is expected to complete in early 2028.

"From breaking ground last October, to now closing this loan, our vision for a skyline-defining property is quickly becoming a reality,” said Jon Paul Perez, President of Related Group. "We’d like to thank our lender, Bank OZK, and our various partners for sharing our optimism on the long-term potential of the South Florida market and our commitment to creating an iconic property the entire city can be proud of.”

The loan extends Brickell’s positive momentum, with the sub-market continuing to outperform other central business districts around the country while bucking macro headwinds.

“Brickell is an exceptional neighborhood that only continues to get stronger and more attractive,” said Robert Vahradian, Partner and Head of US investments for GTIS Partners. “With the entrance of marquee companies, like Citadel; and continued expansion of the area’s retail and cultural offerings and, of course, best-in-class residential product, Brickell continues to exhibit immense potential.”

“Despite a shifting capital markets environment, Related and GTIS continue to shape the skyline of this leading global city,” said Scott Wadler, Managing Director of Berkadia South Florida. “The tower’s strong pre-sale commitments underscoring Miami’s market fundamentals, coupled with the sponsors’ proven track record of success in the immediate submarket, created a compelling lending opportunity to capitalize Brickell’s most distinguished new address. The introduction of Baccarat Residences and its storied brand will further enhance the skyline and elevate Miami’s status as a region for ultra-luxury investment and development.”

The sister property to the record-breaking Baccarat Hotels & Residences NYC, the Brickell tower is made up of 355 residences, including just eight exclusive penthouses. Envisioned by internationally recognized architecture firm Arquitectónica, Baccarat Residences Miami honors the French crystal company's storied two-and-a-half century heritage, while simultaneously introducing a modern architectural marvel that pushes South Florida’s design ethos forward.

Residents will enjoy over 75,000 SF of luxurious five-star amenities throughout five levels of the tower — including exquisitely appointed social spaces, a state-of-the-art health and fitness center, La Mer spa facilities, a private marina with residents’ yacht and more — that will be cohesive in essence but unique in design elements and all expertly managed by SH Hotels & Resorts. The property will also feature a curated collection of museum-quality art.

Imagery via Related Group

Baccarat Residences Miami, A Design Showcase Where "Life Forever Sparkles"

Miami has long been a mecca for those interested in aesthetics and beauty. From stunning cars to avant-garde fashion, to awe-inspiring natural features, the Magic City is a feast for the eyes.  And while architects, designers, and developers have always played an important role in making Miami one of the world’s most photogenic cities, a new generation of high-design real estate projects is taking things to new heights.  

Once known exclusively for its Art Deco aesthetic, Miami is now home to a diverse range of architectural styles, from ultra-futuristic towers to more timeless designs and everything in between. These new projects push the limits of design to deliver one-of-a-kind structures that are not satisfied with simply being beautiful. New high-design projects, like Related Group’s Baccarat Residences Miami, are elevating city living to an art form.   

“Working with designers and architects to create projects that honor the city while pushing its design language forward is something Related loves to do,” said Sonia Figueroa, Senior Vice President at Related Group. “For a while, bringing on a starchitect was enough to elevate a project; however, that is no longer the case. The designs of our new projects are by far the most complex we’ve ever done, bringing together the world’s top designers, luxury brands and established neighborhood aesthetics into a single cohesive vision.”  

Related’s Baccarat Residences Miami exemplifies this trend to perfection. Envisioned by internationally recognized architecture firm Arquitectónica and branded under the world’s preeminent crystal company, this tower is at the forefront of Miami’s design revolution.  

Baccarat Residences Miami’s bold architectural identity is inspired by the revered crystal company’s 250-year legacy, with architects taking inspiration from the etchings of some of Baccarat’s most timeless pieces.  Soaring to 835 feet, the tower’s chiseled, glass façade creates an interplay of light that mirrors the glittering waters below and gives the sense of looking into one of Baccarat’s gorgeous crystals. 

“The legendary Baccarat name carries enormous weight in the luxury and arts space,” says Bernardo Fort-Brescia, founder at Arquitectónica. “As such, our team went to great lengths to ensure that the tower design honored the history and status of the Baccarat brand – this project will become a landmark at the entrance to Brickell Avenue.  We couldn’t be any prouder of where this collaboration has taken us.”   

This careful focus on elegance and sophistication continues through the building’s interiors where the world-renowned New York City-based designer Meyer Davis brings 18th century French design into the future by seamlessly integrating a lavish yet effortless aesthetic that’s become synonymous with Miami. This marriage of traditional French design and Miami modern resulted in interiors that are supremely elegant and luxurious, while exuding the light and playfulness of our tropical aesthetic.    

Throughout the lobby and common areas, ornate motifs, beautiful panel moldings, antique accent finishes, dramatic undulating curtain glass façade, handcrafted Baccarat chandeliers, and stunning decorative pieces come together to create sumptuous environments worthy of the legendary French brand.    The units are equally stunning, featuring open-concept living areas with floor-to-ceiling windows and breathtaking water views framed by sparking city lights. The gourmet kitchens are the homes’ centerpieces, with stone-clad islands, custom Italian cabinetry and top-of-the-line Wolf and Sub-Zero appliances all open to the generous great rooms. While all homes will be fully finished, owners will have the option to customize as they wish.  

The property isn’t all form over function.  Baccarat Residences Miami residents will enjoy five floors dedicated to amenities -- all expertly managed by SH Hotels & Resorts -- including an elevated resort deck, which will feature a heated saline swimming pool with cabanas, outdoor spa, a romantic orangerie, and a full-service café restaurant, all surrounded by a beautifully landscaped sun terrace, overlooking Biscayne Bay and Miami River.   

Other lifestyle offerings include a state-of-the-art chef’s kitchen and private dining room; a wine cellar and tasting room; a gourmet market; a hair salon and barber station; a hammam spa with women’s and men’s steam and sauna facilities; luxury treatment rooms and spa shop exclusively carrying prestige La Mer beauty products; a state-of-the-art fitness center with a cardio theater and dedicated spinning and yoga rooms; a pet spa, grooming and walking service; and private marina with residents’ yacht for water taxi service to Miami River restaurants and sunset cruises on Biscayne Bay.  As if this was not enough, the residents will also enjoy complimentary membership to the Beach Club at the 1 Hotel South Beach.  

This focus on aesthetics and design has proven to be a resounding success, with almost 80 percent of the tower sold since its official sales contract launch in December 2021.  

For more information about the property, please visit: www.BaccaratResidencesMiami.com.  

The article was produced in partnership with Related Group

Upping the Ante: Miami Developers Raise Their Amenity Game Ever Higher

Helipads, private chefs, 24/7 concierges and more, these are just some of the amenity offerings gracing the world’s most luxurious condominium towers. However, in burgeoning markets like Miami, developers are taking an elevated approach by offering bespoke lifestyle offerings that exceed the expectations of even the most demanding buyers.

“Amenities are one of the more important considerations for prospective homebuyers and have become even more abundant in today's market," says Jon Paul Perez, President of development powerhouse Related Group. “Take private theaters, for example. Not too long ago, that was an extra luxury that buyers were willing to pay a premium for. Now, these types of options are expected and seen as table stakes.”

Contrary to popular belief, having vast social media-worthy pools or fitness centers isn’t the answer. Buyers are increasingly opting for buildings where amenities – along with design and architecture – are tailored specifically to them. 

According to Perez, “These buyers are better informed and have more choices than ever before. They are looking for properties that are flexible and adaptable to their changing lifestyles and personal interests. That’s where brand partnerships have really helped us elevate our unique selling propositions.”

Branded residential concepts, like Related’s Baccarat Residences Miami, are setting the pace for a new wave of condominiums in the South Florida market. By partnering with well-known and respected lifestyle brands, developers can curate their projects to match the passions of buyers and differentiate themselves amidst an increasingly competitive marketplace. 

Simply using a brand name isn’t quite enough, however. “We invested considerable time and resources into designing the amenities spaces at Baccarat,” says Perez. “Baccarat is one of France’s most established crystal manufacturers, known for its prestigious crystal glassware and décor. Many of our buyers are loyal Baccarat aficionados and want to immerse themselves in the iconic brand full-time. As such, every amenity in the tower is hand-crafted to exude that unique Baccarat spirit.”

Following the tradition of service excellence set by its New York sister property, Baccarat Residences Miami will offer an around-the-clock concierge team, expertly managed by SH Hotels & Resorts, wholly dedicated to supporting and even anticipating the needs of every resident. Whether arranging personal appointments, coordinating travel and transit, or hosting an event at the Grand Salon, the aim is to keep residents at ease, at home or away. 

This painstaking attention to detail starts at the entrance level with luxurious lobby spaces showcased within an undulating glass façade featuring the dramatic stone portal and reception area, the café and flower shop, and the gallery with a curated museum-quality art collection. 

The property’s exclusive offerings continue at the elevated waterfront pool deck. Designed to evoke the Baccarat brand’s deep French roots, the expansive terrace features an infinity saltwater swimming pool and poolside cabanas commanding a breathtaking view of the sparkling turquoise waters of Biscayne Bay and the Miami River. This elevated outdoor experience also includes a poolside café and bar, as well as a romantic Orangerie, fountains and formal gardens. Residents will round up their day in the sun with a private marina, offering on-demand reservations and access to the residences’ private yacht for easy access to nearby riverfront restaurants.   

For health and wellness enthusiasts, the property’s state-of-the-art fitness center expands over a full level of the tower with the latest in cardio, strength training, yoga and meditation equipment curated by Anatomy. The on-site spa continues the dreamy experience, and showcases the resort-inspired lifestyle, with comprehensive spa facilities – including a hammam, steam room and sauna, treatment rooms and exclusive products from the prestigious beauty brand La Mer. There is also a full-service beauty salon and barber, as well as an on-site pet spa that ensures furry residents will be as pampered as their owners.

Baccarat Residences Miami’s luxurious offerings also boast a double-height Grand Salon with dramatic black Baccarat chandeliers, as well as the intimate tropical-styled Petite Salon, the elegant game room with billiards table, the private screening room with theatre-style seating, the wine cellar and tasting salon, and a private dining room with Chef’s kitchen. The idyllic children’s playroom is full of thoughtful details even featuring a carousel for the younger residents to enjoy. The on-site property offerings are complemented with the Beach Club membership to the 1 Hotel South Beach, SH Hotels & Resorts sister property. 

“Baccarat is all about the celebration of the beauty of light, and there is no better place to celebrate the light and beauty than Miami, a city that blazes in sunshine, and celebrates arts and culture,” says Barry Sternlicht, Chairman and CEO of Starwood Capital Group and Chairman of SH Hotels & Resorts, the parent company that operates all Baccarat Hotels.

“While it certainly requires significantly more time and attention, we have seen that focusing on amenities makes all the difference,” adds Perez. “We are already more than 75% sold at Baccarat Residences Miami and are continuing to see robust demand. Amenities are here to stay and will continue to evolve and grow more complex, but that will only result in even better, more ambitious developments. It’s exciting!” 

 For more information about the property, please visit: www.BaccaratResidencesMiami.com

Baccarat Residences Miami Crystalizes True Potential of Brickell Skyline

Miami's Brickell neighborhood, dubbed in the early 1900s as Miami’s Millionaire’s Row, evolved to become a banking center headquarters in the 1980s and has transformed once again into an effervescent hub of luxury shopping, culinary excellence and opulent living. Now known as the “Manhattan of the South,” Brickell is both the city’s most exciting community and a premier hub for international finance in the United States.

This transformation happened in a matter of years, with an overall population growth of over 50% since 2000. While many point to the pandemic-era migration as the main catalyst for this rapid growth, the entrance of world-class lifestyle destinations, such as Brickell City Centre, and an influx of exclusive luxury properties such as Baccarat Residences Miami, have steadily positioned the neighborhood as one of the most desirable in all of South Florida. 

In addition to ample lifestyle options, the area’s density and proximity to public transit have also made it one of the state’s most walkable communities, with easy access to the Metromover, the newly inaugurated Underline, and a network of pedestrian and cycling paths. This has led to the area being recognized as the best place to live in Miami for the second year straight. 

The transformation of Brickell has made national headlines, with leading publications like Forbes and the Wall Street Journal reporting on the unprecedented residential demand. At the same time, social channels are flooded with images of residents and visitors alike who have become a grassroots marketing force for the community.  

“Brickell residents live surrounded by striking art, a diverse array of world-class dining experiences, and Florida’s finest retail shopping,” said Jon Paul Pérez, President of leading developer Related Group. “It’s proof that neighborhoods really can change from being purely office-driven to true live-work-play communities.” 

Brickell’s momentum shows no signs of slowing. Transplants continue to arrive from around the world driving residential demand to an all-time high. Data from the Miami Association of Realtors and the National Association of Realtors reveals that, from August 2020 to July 2021, foreign buyers purchased $5.1 billion worth of residential properties in South Florida. 

Developers are meeting this increased demand with several new marquee projects such as the ultraluxe Baccarat Residences Miami. The result of a partnership with legendary French crystal maker Baccarat, the renowned Related Group and visionary SH Hotels & Resorts, the 75-story high-rise will sit at the gateway to Brickell, on one of the last remaining waterfront sites where the Miami River meets Biscayne Bay. 

“Our buyers are more discerning than ever,” added Pérez. “With this in mind, we’ve taken out all of the stops and really focused on making Baccarat Residences Miami, and our new generation of condominiums, the most luxurious we’ve ever built.” 

Crafted by the world’s preeminent architects and designers – including Arquitectonica, Meyer Davis and Enzo Enea – the property will feature 318 tower residences, eight penthouses and an exclusive selection of 28 riverfront flats and duplexes. All homes offer spectacular views and expansive interiors expertly crafted to feel luxurious yet supremely comfortable. Residents will enjoy a host of five-star amenities throughout five levels of the tower expertly managed by SH Hotels & Resorts, and brilliantly executed to include stunning social areas and clubrooms, wine cellar, screening room, billiards, Anatomy fitness center, La Mer hammam spa, elevated pool deck and pool side café, riverside restaurant, residents’ yacht, and the 39th level Baccarat Lounge. The on-site property offerings are complemented with the Beach Club membership to the 1 Hotel South Beach, SH Hotels & Resorts sister property.   

“Our entire team, and family, couldn't be more pleased with the way this neighborhood has evolved,” said Pérez. “The best part is it’s still just beginning. When these projects are all done and people are living here full-time, we’ll see Brickell’s personality continue to grow and evolve. It’s incredibly exciting.” 

For more information about the property, please visit: www.BaccaratResidencesMiami.com.

Take A First Look At Related Group and Barry Sternlicht's 75-Story Baccarat Residences Brickell

Jorge Perez’s Related Group and Barry Sternlicht’s SH Hotels & Resorts have launched Baccarat Residences Brickell, the first project the real estate icons are developing together. Baccarat Residences Brickell continues the legacy of Baccarat Residences New York, which brought in record-breaking sales and was recognized for pushing the needle for residential design. Baccarat Residences Brickell brings a similar unique hybrid of high-design, exceptional service and amenities that reflect the storied French crystal company's more than 250-year heritage. The design aesthetic will fuse 18th-century Paris and 21st-century Miami, with a 1930s Art Deco influence.

The 75-story bespoke tower will offer 360 luxury residences including tower residences plus an exclusive selection of penthouses and riverfront villas. All spaces are curated to maximize the property’s coveted location with panoramic views of the Miami River, Biscayne Bay and city skyline. Inspired by the Baccarat’s storied crystal creations, the building’s bold architectural identity with a chiseled, glass façade will create an interplay of light that mirrors the sparkling waters below. Interiors blend 18th-century French design and 1930’s Art Deco to create a uniquely Miami feel with handcrafted Baccarat crystals gracing nearly every surface and signature pops of red creating sumptuous environments worthy of the legendary French brand.

Combining the best of Brickell with enlightened design, artful service and enlivening waterfront amenities, residents can expect a lifestyle infused with laid-back glamour and luxury. Bespoke residences range from 1,330 SF to over 7,000 SF and each home comes equipped with integrated wellness technology to enhance overall wellbeing. Residences also feature private elevators that open up to airy open concept living areas with perfectly crafted interiors and floor to ceiling glass leading to expansive outdoor terraces framing panoramic water views.

Baccarat Residences Brickell offers access to expertly managed five-star amenities including a fitness and wellness center featuring a Baccarat hammam spa with steam room, sauna, yoga and meditation spaces. Owners will also have access to a luxurious club room with billiards, private screening room, game room, wine cellar with tasting room, private dining room with Chef’s kitchen, and more.

Outdoor living is enhanced by lushly landscaped gardens, multiple pools and private cabanas, interactive water playground, and a marina with private water taxi service via the “house yacht.” Additional perks include a full-service salon and barber shop, pet spa, signature riverfront restaurant and Beach Club Membership at 1 Hotel South Beach.

Demolition of the previous structure and site work has already begun with the development team gearing up for groundbreaking. The tower’s expected completion is 2024.

Imagery via Related Group

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