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:

Viceroy Brickell: Shaping the Future of Brickell's Urban Landscape

Miami’s Brickell neighborhood has undergone a remarkable transformation, from its origins as Millionaire’s Row to becoming a bustling banking hub and now a vibrant epicenter of luxury living.  Boasting world-class shopping, unequaled dining, and a dynamic cultural scene, Brickell has boomed with a population growth of over 50% since 2,000, including many new residents and visitors from around the globe. Overall, it continues to be recognized as one of Miami’s most desirable and in-demand communities. To meet this demand, developers have introduced a new level of luxury housing across the neighborhood, including the much-anticipated Baccarat Residences Miami, which is further solidifying Brickell’s reputation as a global luxury destination.

The latest, most coveted jewel in Brickell’s skyline is Viceroy Brickell - The Residences, a new project that epitomizes style, sophistication, and luxury in this iconic neighborhood. Developed by industry leaders Related Group and GTIS Partners, in partnership with the luxury hospitality brand Viceroy, this new residential project emerges from the One Brickell complex at the gateway of Brickell Avenue and the Miami River – the epicenter of commerce and culture.

“The Brickell neighborhood is among South Florida’s most well-known and desirable destinations, distilling the very best our region has to offer into a vibrant, cosmopolitan live-work-play community,” said Nick Perez, President of Related Group’s condominium development division, emphasizing the significance of this project.  “At Related Group, we've been privileged to witness and contribute to this community’s prominence firsthand. Through the launch of Viceroy Brickell, we extend our commitment to the neighborhood and celebrate our alignment with Viceroy, a brand that embodies elevated experiences, and spaces.”

Viceroy Brickell offers residents unparalleled access to a host of amenities and attractions, including MICHELIN-starred restaurants, world-class museums, luxury shopping, and a thriving job market. The area’s density and public transit options, including the Metromover and Underline, make it one of Florida's most walkable communities.

“Miami has emerged as one of the most dynamic cities for business, culture and living in the United States, with the Brickell financial district serving as a critical anchor to its continued prosperity,” said Robert Vahradian, Partner and Head of US Investments for GTIS, highlighting the strategic importance of the location. “With national and international corporations continuing to open offices in or around greater Downtown, together with world-class shopping and dining in the area, we are incredibly bullish on the near and long-term demand for top-tier, class-A projects like Viceroy Brickell.”

Set in a 45-story glass tower overlooking Brickell’s skyline, the Miami River, and Biscayne Bay, Viceroy Brickell features 420 tower residences, including studios, one- and two-bedroom homes. The property will also feature two full levels of marquee penthouses and 56 city flats with a first-row view of Brickell’s vibrant urban lifestyle. The interiors, designed by Meyer Davis, reflect Viceroy’s chic aesthetic, blending high-tech and high-touch elements with luxurious hotel-grade amenities.

Residents will enjoy open-concept floor-plan residences that convey the warmth and restraint of Miami’s modern design. The property also boasts 37,000 square feet of amenities managed by the Viceroy Hotel and Residences team, including a sophisticated lobby with a full-service bar and lounge space, a heated pool, outdoor spa, poolside cabanas, summer kitchen, bocce court, and landscaped lounge. Indoor amenities include a fitness center, multi-sport simulator studio, club room with a full-service bar, wine cellar, private cinema, and permanent art installations from the Jorge M. Pérez Collection.

Viceroy Brickell residents will also have access to One Brickell’s lush promenade along the Miami River, with a private marina, as well as private beach club memberships at the Grand Bay Club in nearby Key Biscayne. 

Construction on Viceroy Brickell is underway, with completion expected in early 2026. For more information, visit here or call (305) 908-1111.

For more information about Viceroy Brickell or to inquire about purchasing a unit please fill out the form below:

Related Group and GTIS Partners Reveal Viceroy Brickell

Related Group and GTIS Partners, along with renowned luxury hospitality company Viceroy, have launched sales for Viceroy Brickell - The Residences. Viceroy’s inaugural standalone residential endeavor introduces a fresh infusion of style and allure to Brickell’s global financial hub, with interiors by the award-winning studio Meyer Davis and architecture by the globally renowned Arquitectónica. Construction on Viceroy Brickell is now underway, with completion projected in early 2026. Fortune International Realty is the exclusive sales agency for Viceroy Brickell. The sales launch also marks a major milestone for Viceroy, which was acquired by principals of international hospitality investment and management company Highgate in 2023.

“Miami has emerged as one of the most dynamic cities for business, culture and living in the United States, with the Brickell financial district serving as a critical anchor to its continued prosperity”

Emerging from the One Brickell complex, at the gateway of Brickell Avenue and the Miami River, Viceroy Brickell brings a higher level of global culture, style, and hospitality experience to Miami’s most exciting community. In addition to ample shopping, entertainment and culinary options, Brickell’s proximity to public transit has also made it one of the state’s most walkable communities, with easy access to the Metromover, the Underline, and a network of pedestrian and cycling paths. This has led to the area being recognized as one of the best places to live in Miami.

"The Brickell neighborhood is among South Florida’s most well-known and desirable destinations, distilling the very best our region has to offer into a vibrant, cosmopolitan live-work-play community,” said Nick Perez, President of Related Group’s condominium development division. “At Related Group, we've been privileged to witness and contribute to this community’s prominence firsthand. Through the launch of Viceroy Brickell, we extend our commitment to the neighborhood and celebrate our alignment with Viceroy, a brand that embodies elevated experiences, and spaces.”

Viceroy Brickell places residents at the epicenter of commerce and culture, located minutes from MICHELIN-starred restaurants, world-class museums, luxury shopping, five-star hotels and one of the country’s most prosperous job markets — all in the heart of One Brickell’s vibrant, exhilarating neighborhood.

“Miami has emerged as one of the most dynamic cities for business, culture and living in the United States, with the Brickell financial district serving as a critical anchor to its continued prosperity,” said Robert Vahradian, Partner and Head of US Investments for GTIS. “With national and international corporations continuing to open offices in or around greater Downtown, together with world-class shopping and dining in the area, we are incredibly bullish on the near and long-term demand for top-tier, class-A projects like Viceroy Brickell.”

Set in a 45-story glass tower overlooking the glittering Brickell skyline, the Miami River and Biscayne Bay, Viceroy Brickell will offer a collection of 420 residences - including studios, one- and two-bedroom homes - ranging from 485 square feet to 1,286 square feet. The property will also feature two full levels of marquee penthouses and 56 city flats fronting S.E. 5th Street with a first-row view of Brickell’s vibrant urban lifestyle.

As the property’s interior designer, Meyer Davis looked to translate the impeccably chic design sensibility of the Viceroy brand into a fully realized lifestyle offering, with high-tech and high-touch residential spaces complimented by luxurious hotel-grade amenities. The lobby has been designed as a sophisticated destination space that is usable throughout the day with ample natural light, white terrazzo tile, warm oak wood walls and tropically influenced murals. This palette offers subtle Art Deco and Mid-Century references, keeping with the property’s prime Brickell location. The ground floor F&B space feels plush and eclectic, featuring a bronze mirror-clad bar offering espresso by day and martinis by night. Design for the residences focuses on conveying both the warmth and restraint of Miami’s modern aesthetic with clean, intuitive layouts that embody a sense of privacy, relaxation and retreat.

Viceroy Brickell is also home to 37,000 square feet of meticulously curated amenities and robust list of resident services – all managed by the Viceroy Hotel and Residences hospitality team. Among these offerings is an expansive 14th level amenity deck with a heated pool, outdoor spa, poolside cabanas, summer kitchen, pool-side café, bocce court and pristinely landscaped outdoor lounge. The first-class fitness center offers a cardio theater overlooking Miami’s dynamic skyline, along with saunas and custom treatment rooms.

Residents will also have access to One Brickell’s lushly landscaped promenade along the Miami River and a private, resident-only marina. Topping it off, the on-site property offerings are further enhanced through complimentary memberships to the Gran Bay Club in nearby Key Biscayne.

Indoor amenities include a multi-sport simulator studio; resident club room with full-service bar, billiards, humidors and multimedia facilities; wine cellar and tasting room; and private cinema. And — true to Related Group’s ongoing commitment to the arts — a permanent installation of curated, museum-quality contemporary artwork from the Jorge M. Pérez Collection.

“As we continue to refine and reposition the Viceroy brand, we remain committed to pursuing projects that are distinct and special,” said Mark Keiser, President of Viceroy. “Collaborating with Related Group and GTIS Partners on Viceroy Brickell enables us to expand on our future, which will focus on bringing people closer to the stories, places and lifestyle that make our world unique.”

First launched in 2000, Viceroy remains a well respected name in luxury hospitality, being named one of Travel + Leisure’s ‘Top 25 Hotel Brands’ in 2023. With locations across eight markets, Viceroy is committed to inspiring global travelers via one-of-a-kind, authentic experiences that meld provocative design and intuitive service.

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

PROFILE Exclusive: Delivering the Miami Beach "Beachfront" Lifestyle to Edgewater with Two Roads Development & GTIS Partners of Biscayne Beach

PROFILEmiami had the exclusive opportunity to sit down with the masterminds behind Biscayne Beach, Edgewater's newest waterfront, luxury high-rise. Biscayne Beach was developed as a joint venture between the South-Florida based Two Roads Development and the New York Based GTIS Partners. The 52-story tower features 391 units priced between $400K through $9 million and opened last week (June 2017). We were able to catch-up with Reid Boren and Taylor Collins, partner's at Two Roads Development as well as Robert Rediker, the managing director of GTIS Partners to find out how they delivered the "beachfront" lifestyle to Edgewater. 
 
RR - Robert Rediker (GTIS Partners, Managing Director)
RB - Reid Boren (Two Roads Development, Partner)
TC - Taylor Collins (Two Roads Development, Partner)
 
PM: The lot that Biscayne Beach now stands on was such a prime lot but in an area/ corridor that was yet to undergo much development, how did you guys get access to such a great lot/ opportunity? 
 
TC: We started looking in Miami in 2012, we were doing some workout work for some other developers down here. We met with a land holding company called the Fifteen Group and we approached them and asked them if they had any assets that they bought during the last cycle in the downturn. They mentioned this piece of property, which was basically 5 abandoned apartment buildings. We drove down to look at the property, literally turned around, went and put a contract and put up money. After that we went out to the markets to find a strategic partner to help us develop it.

PM: How did the concept for Biscayne Beach come about? What was your main goal with the project?
 
RB: We were very cognizant of the great developers that have been here in Miami. We wanted to make sure that as new to the market we were, GTIS and Two Roads were going to deliver something of amazing quality. We had to bring in the best of brands but I also think that we had a different sensibility and that the market could use something that was different then some of the other buildings we had seen. There was a move towards a minimalist, starck, but clean, beautiful design and we thought that bringing in Thom Filicia could add a little more warmth and bridge the gap between the north and the south. I think what we got is a really chic, but livable beachy atmosphere that still speaks to luxury.
 
PM: A lot of New York and Miami has been in a crossover market. Everything people have up north is now down here. Do you see that the New Yorkers feel more comfortable living here full time as opposed to five, ten years ago?
 
RB: I think they are coming sooner rather than later. I think that the New Yorkers, and also New Englanders, have to deal with the cold winter weather for a good portion of the year, higher taxes and a cost of living that’s almost three times as much as compared to Miami. A very basic unit in New York is 2,500 - 3,500 SF and that is not prime, on the water perfect location like we have at Biscayne Beach. To be in the $600, $700 per foot range and be on the water and close to everything, you will see more people moving down here. As the world gets smaller and technology drives these business more and it's not as common to walk next door to see your lawyer or your banker, there are many good reasons to be in Florida as opposed to the northeast. 

PM: Do you guys find the commercial development and industry to be lagging behind the residential development?
 
RR: The service sectors are already here, you have accounting, law, financial services. They are very strong in Miami. You are seeing more family offices open up as more Latin Americans are beginning to spend more time in Miami in their homes. I believe they are going to be moving more of their assets to the U.S. and becoming larger institutions and that will grow over time.  
 
PM: What do you think of the recent new developments in Edgewater and the new energy they have brought to the area?
 
TC: Edgewater is new to the development scene. Downtown Miami itself is kind of new. Downtown’s residential market really started growing in 2007 when you saw Ten Museum Park and 900 Biscayne go up in the last cycle, and then things really took off. The commercial market was ahead of it which you typically don’t see because Miami had gained this traction with the art and the culture scene – and with that, you had the Design District basically become the Rodeo Drive of Miami, you had Midtown pop-up with great restaurants and shops, and you had Wynwood come alive as a haven for artists and creatives. Edgewater was a natural next step – it’s location on the water in the middle of Miami’s thriving urban core with access to all of these surrounding amenities and trendy neighborhoods made it a no-brainer on the investment side. This is what people come to Miami for. In ten years Edgewater is going to be the most popular neighborhood in this entire area because this is where you are going to have the newest, highest-end buildings that are located directly on the water. 

PM: Edgewater has seen some great towers be built in recent years. What sets Biscayne Beach apart from these other developments? What makes it so unique?
 
RR: I think Thom Filicia’s aesthetic and what we have done with our amenities really makes us stand out. It drives a unique element to the property. Some of our neighbors are projects on the larger side with very large shared amenity spaces. I think this building will live in a smaller, more comfortable way. What we tried to accomplish was the idea of bringing the beach element to the city side of Miami and I think that that won’t be replicated. I think you will see, as our residents start living here, people tanning on the beach and enjoying their days as if they were on Miami Beach. 
 
RB: In terms of location, Miami Beach and Brickell are just a few miles away. Broward and Palm Beach Counties are just a hop away. I think that the city is generally moving itself here. What is interesting is that the prices still do not reflect that. On the beach you see $1,500 - $2,000 SF, in Brickell it is getting close to $1,000 SF. Edgewater is still in the high $600’s for new construction. I think that there is a great value proposition. When I grew up in New York and you were on the Upper East Side you didn’t go south of Midtown. Now, nobody wants to live uptown. I think so goes Miami. It started where it was just the beach and there were the tourists. Now, if you walk in Brickell at any time midday you will think you are in Madrid, or New York or Paris where everyone is in suits and elegant and going to nice lunches. It is a very vibrant urban core. 

PM: Do you think Biscayne Bay will end up being to Miami real estate what Central Park is to New York. 
 
RB: There is a story that we get from our brokers all the time, and we hear it especially from the people who have been here since the ‘50’s and ‘60’s, “the bay is part of everyone’s lives.” Everyone talks about swimming in the bay. On that island there are tents and jet skis and boats. If you are in Florida you want to be on the water. It is crowded out there and I think it is already similar in to a park. If you look at New York, they (GTIS) are doing a beautiful building that overlooks the park on 78th street; that’s prime real estate in New York and this is prime real estate in Miami. 
  
PM: What is the best feature that residents will enjoy?
 
RR: The double level of amenities and the ability to sink your feet into the sand without leaving the property. You can only get that in Miami Beach. 
 
RB: I think when people thought about it they may have thought it was gimmicky, but now that it is built, it is very usable. It really is like a beach. They will be pleasantly surprised when they come see how well done the amenities were done. 

PM: What will Biscayne Beach mean to Edgewater in the short & long term?
 
RB: We have very good competitors that we highly respect, like the Melo Group, Related Group, etc. Our team at Two Roads is also working on developing our second East Edgewater project, Elysee Miami, which will be located right down the street from here also along Biscayne Bay. We’re all bringing very different projects to the market but the thing they all have in common is that they are all high-quality, well-built buildings that are going to collectively continue to make Edgewater one of the greatest neighborhoods to live in Miami. I think like any big city you should have choices and different aesthetics. The more we see these other developers working on new buildings the better it is for the neighborhood and Miami. In the long term Miami is going to be on par with New York and Paris, it’s just a younger city. At the end of the day Edgewater will be at the center of it all. 

About GTIS Partners:

GTIS Partners is a global real estate investment firm headquartered in New York with offices in Los Angeles,  San Francisco, Atlanta, São Paulo, Brazil, Paris, France and Munich, Germany. GTIS Partners was founded in 2005 and is managed by President Tom Shapiro and Senior Managing Directors Josh Pristaw, Rob Vahradian, Tom Feldstein and Joao Teixeira. GTIS Partners currently has approximately $3.6 billion of assets under management. The firm pursues opportunistic real estate investments through direct equity investment and non-traditional lending activities. To date, the firm has committed capital to residential, retail, industrial, office, hotel and mixed-use projects in the U.S. and Brazil, and is among the largest real estate private equity companies in Brazil.

About Two Roads Development:

As one of the emerging leaders in the development of residential communities, Two Roads Real Estate Group has quickly established itself as a premier developer of multi-family and residential communities. Two Roads Real Estate Group has set the standard in luxury housing by developing, building and managing residential properties with the best location, architecture, amenities and services in the industry. Two Roads Real Estate Group is a leader in developing, constructing, and managing successful and innovative retail, office, residential and mixed-use communities. Two Roads Real Estate Group is about performance, imagination and experience from a broad service real estate development team. Their portfolio includes Biscayne Beach and Elysee, which is soon to break ground in Edgewater. 

Construction Update: Biscayne Beach from Two Roads Development & GTIS Partners Receives TCO, Moves Forward With Unit Closings

Construction is finally complete and residents will begin moving in this summer at the highly anticipated Biscayne Beach from Two Roads Development and GTIS Partners in Edgewater. The 52-story luxury condo tower received its initial TCO, Temporary Certificate of Occupancy, and is moving forward with closings. Residents can now take ownership of their units and begin their interior build-outs as they prepare for move-in and the official grand opening over the next few months once Biscayne Beach receives its Final Certificate of Occupancy. Sales initially launched in 2013 and 99% of the 391 units at Biscayne Beach have been sold. Prices ranged from $400,000 up through $9 million. Only 2 premium penthouse residences and 1 beachouse residence currently remain priced from $1.6 million to $9.4 million. Biscayne Beach's interiors were designed by Thom Filicia in his first residential project where he used a "Beach Chic" style throughout. Resort-style amenities include a private members-only Beach Club level overlooking the bay with an elevated sandy beach, private cabanas, zero-entry pool, daytime concierge services, as well as a renowned restaurant and bar, an indoor/outdoor great room with a library and billiards room, an outdoor summer kitchen and lounge area, a state-of-the-art fitness center, as well as a full-service spa complete with a sauna, steam room, blow-dry bar, and massage treatment rooms.

East Edgewater has seen a massive influx of new development as the area has seen a great rise in demand for luxury high-rise living including including the Paraiso District from Related Group and Elysee, which is Two Roads Development's next project with an expected completion in 2019. 

“The launch of Biscayne Beach set the bar for the revitalization of the now-thriving East Edgewater neighborhood, marking a new era for an area that had gone underutilized for years. Miami’s urban core has quickly become a place where people want to work, play and now, live – and we’re excited to be a part of that transformation,” says developer Reid Boren, Managing Partner of Two Roads Development.

Biscayne Beach was developed by a joint venture between South Florida-based real estate developer Two Roads Development and GTIS Partners, a global real estate investment firm headquartered in New York. 
 
“Recognizing Miami’s status as an international city and the special waterfront setting of the Biscayne Beach site, we had a strong conviction that this was the right project for us to invest in and develop. We knew there was demand for luxury condos in East Edgewater because of its central location and proximity to downtown and the beach, but the velocity of the pre-sales we saw at Biscayne Beach exceeded our expectations. We’re proud to say what started with a special location and a vision has now officially become a successful reality,”  says Rob Vahradian, Senior Managing Director of GTIS Partners.