Ritz-Carlton Residences, West Palm Beach Penthouse Last Listed at $16.95 Million Under Contract For North Flagler Record Total Price and PPSF

A penthouse at The Ritz-Carlton Residences, West Palm Beach has gone under contract after being listed for $16.95 million, setting a new benchmark as the highest-priced condominium sale ever recorded on North Flagler Drive by both total sales price and price per square foot.

A penthouse at The Ritz-Carlton Residences, West Palm Beach has gone under contract after being listed for $16.95 million, setting a new benchmark as the highest-priced condominium sale ever recorded on North Flagler Drive by both total sales price and price per square foot.

The contract marks another milestone for the waterfront luxury development by Related Group and BH Group, underscoring continued demand for branded ultra-luxury residences in West Palm Beach as construction progresses toward its anticipated 2028 completion.

Located on the 27th floor, Penthouse A is the signature residence within the 27-story tower. The four-bedroom, five-and-a-half-bathroom home encompasses 4,897 square feet of interior living space, complemented by approximately 1,200 square feet of private outdoor terraces overlooking the Intracoastal Waterway, Palm Beach Island, and the Atlantic Ocean.

Accessed via a private elevator, the residence features expansive entertaining spaces, soaring 12-foot ceilings, floor-to-ceiling glass, oversized closets, dual primary bathrooms, and a highly customized floor plan designed to maximize indoor-outdoor living. Its elevated position within the tower and unobstructed southeast-facing views distinguish it as the project's premier home.

According to the development team, the purchaser is an existing Palm Beach resident seeking to upgrade to a larger primary residence while remaining in the area. The penthouse's spacious layout, privacy, and ability to accommodate both everyday living and large-scale entertaining were key factors in the purchase decision.

Developed by Related Group in partnership with BH Group, The Ritz-Carlton Residences, West Palm Beach will introduce 138 waterfront residences within a 27-story tower. Homes range from two to four bedrooms and approximately 1,532 to 3,331 square feet, with every residence oriented east to capture panoramic water views.

Designed by Arquitectonica, with interiors by Rockwell Group and landscape architecture by Naturalficial, the development combines contemporary architecture with The Ritz-Carlton's signature hospitality. Residences feature soaring ceilings, floor-to-ceiling glass, custom Italian cabinetry, premium appliances, expansive terraces, and private elevator access.

The amenity collection includes a resort-style waterfront pool deck, state-of-the-art fitness and wellness center, spa, entertainment lounges, coworking spaces, children's playroom, golf simulator, guest suites, and a full suite of Ritz-Carlton residential services. Construction is currently underway, with completion anticipated in 2028.

Renderings via The Boundary

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Related Group and BH Group Break Ground on Icon Beach Waterfront Residences in Hollywood

Hollywood's rise as one of South Florida's most coveted coastal destinations takes a defining step forward today with the official groundbreaking of Icon Beach Waterfront Residences. Developed by Related Group and BH Group, the 38-story, 350-residence tower rises above a shoreline perfectly situated between Miami and Fort Lauderdale, delivering a rare dual-water lifestyle anchored by a private 32-slip marina and resident-exclusive beach club.

Hollywood's rise as one of South Florida's most coveted coastal destinations takes a defining step forward today with the official groundbreaking of Icon Beach Waterfront Residences. Developed by Related Group and BH Group, the 38-story, 350-residence tower rises above a shoreline perfectly situated between Miami and Fort Lauderdale, delivering a rare dual-water lifestyle anchored by a private 32-slip marina and resident-exclusive beach club at a price point that remains among the most compelling on South Florida's coastline.

The groundbreaking follows the recent closing of a $360 million construction loan from Tyko Capital, underscoring institutional confidence in both the Hollywood market and the development team behind it. With completion anticipated in 2028, the vision is rapidly coming to fruition.

“For years, Hollywood existed in the shadow of South Florida's more established coastal destinations. Not anymore,” said Nick Pérez, President of Related Group's Condominium Division. “The city is experiencing a remarkable transformation, and what we're building here is a direct reflection of that momentum. Today, we’ve started work on a destination where exceptional design, resort-inspired amenities and an unparalleled waterfront lifestyle come together for buyers who expect the very best and see Hollywood as the place to find it."

Positioned between the Atlantic Ocean and the Intracoastal Waterway, Icon Beach places residents at the center of South Florida's most extraordinary natural assets. With panoramic views stretching from sunrise over the ocean to sunset across the Intracoastal, the tower is crafted to celebrate water at every turn.

Envisioned by Cohen Freedman Encinosa & Associates with interiors by the award-winning Meyer Davis and landscape architecture by Witkin Hults + Partners, the development offers one- to three-bedroom residences spanning 948 to 2,580 square feet along one of South Florida's most sought-after stretches of coastline. Open-concept floor plans, floor-to-ceiling glass and oversized sliding doors open onto generous private terraces where the horizon stretches in every direction.

Primary suites offer a serene counterpoint, with spacious walk-in closets, spa-style bathrooms and soaking tubs appointed with fixtures from Kohler and Hansgrohe that transform everyday routines into something worth savoring. Kitchens are outfitted for both form and function with custom Italian cabinetry, large center islands and imported porcelain countertops in two curated finishes, paired with a premium suite of Bosch and Thermador appliances that bring a chef-inspired sensibility to every meal.

"What makes Icon Beach special isn't just its location, but how deeply the building is connected to the water around it," said Isaac Toledano, Founder of BH Group. "That philosophy extends from the residences themselves to the private marina, the exclusive beach club and the resort-style amenities designed around life on the water. The intention behind every detail is felt from every angle and there is simply nothing else in the market that comes close."

At Icon Beach, 40,000 square feet of amenity space unfolds around a single organizing principle: life is better on the water. The sparkling resort-style pool with sun shelf serves as the social heart of the property, flanked by stylish private cabanas and a tranquil spa and wellness center complete with cold plunge, steam room and Jacuzzi. A state-of-the-art 3,000-square-foot health club, equipped with advanced cardio and weight training equipment and dedicated yoga rooms, ensures that wellness is never more than an elevator ride away.

Beyond the pool deck, an outdoor cinema, sunset yoga lawn, summer kitchens and a reservable event space overlooking the Intracoastal Waterway create a setting that shifts effortlessly from a quiet morning to an evening among friends. A residents' gathering lounge and alfresco cocktail bar round out an amenity program conceived for every hour of the day.

Access to a private marina and a full-service beach club extend the Icon Beach lifestyle to the open ocean and Hollywood's beautiful shoreline. A dedicated concierge, 24-hour front desk, valet and security team ensure that every arrival feels like a welcome, and every request is met without hesitation. Select works from the world-renowned Jorge M. Pérez Contemporary Art Collection are woven throughout the common areas, lending Icon Beach a cultural depth that runs as deep as its design.

Icon Beach arrives at a pivotal moment for Hollywood, which recently celebrated its centennial anniversary – a milestone that reflects its remarkable evolution from a quiet beachfront retreat into one of the most sought-after waterfront destinations in South Florida. The Diplomat Beach Resort, long a cornerstone of the city's hospitality identity, recently reopened after a transformation and rebranding as Signia by Hilton, signaling the caliber of investment now flowing into the market. The Broward County Convention Center continues to drive consistent business activity, while ongoing development along the Hollywood Beach Broadwalk and a wave of acclaimed restaurants moving north from Miami are reshaping the city's culinary and cultural landscape. Sophisticated buyers are increasingly drawn to Hollywood's rare combination of natural beauty and urban convenience, and Icon Beach is where that demand finds its answer.

Renderings via ARX Creative

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Related Group and Dezer Development Reveal Ultra-Luxury Penthouses Atop Rosewood Residences Hillsboro Beach

Leading real estate developers Related Group (Related) and Dezer Development, in collaboration with hospitality leader Rosewood, have unveiled the Rosewood Residences Hillsboro Beach penthouse collection along South Florida’s iconic Millionaire’s Mile, the exclusive oceanfront corridor known for its luxury estates and private waterfront living.

Leading real estate developers Related Group (Related) and Dezer Development, in collaboration with hospitality leader Rosewood, have unveiled the Rosewood Residences Hillsboro Beach penthouse collection along South Florida’s iconic Millionaire’s Mile, the exclusive oceanfront corridor known for its luxury estates and private waterfront living. Comprising 15 ultra-luxury residences – including six oceanfront and nine Intracoastal homes – the penthouses will crown the two towers situated between the Intracoastal Waterway and the Atlantic Ocean, offering buyers the chance to own a premier seaside retreat in the area’s first hospitality-branded condominium.

Priced from $16.5 million, the bespoke penthouse collection reflects the pinnacle of coastal luxury in South Florida. Shaped by Hillsboro Beach’s barrier-island setting and Rosewood’s emphasis on residential comfort, privacy and place, each residence boasts spacious rooftop havens with plunge pools, summer kitchens, lounges and open-air dining spaces.

“Hillsboro Beach is one of the rare places where both ocean and Intracoastal living coexist, making ownership opportunities of this kind exceptionally uncommon,” said Nick Pérez, Principal of Related Group’s Condominium Division. “By partnering with Rosewood, we’ve created a collection of premium penthouse residences that lets buyers choose their preferred waterfront lifestyle. With demand already exceptionally strong, each home is thoughtfully designed for entertaining, relaxing and connecting with the water.”

Located at the top of the two towers, the light-filled penthouse residences unfold across two distinct waterfront vantage points, each offering its own sense of grand scale and perspective. Oceanfront penthouses within the 10-story beachfront tower range from 5,000 to 5,560 square feet, featuring four- and five-bedroom layouts with family rooms and optional service quarters. Intracoastal-facing penthouses top the three-story coastal building, with views of the private marina and surrounding waters. These homes span 3,200 to 6,400 square feet and offer three- to five-bedroom layouts and dens.

Across both collections, 10-foot ceilings and expansive interiors frame sweeping water vistas, creating a feeling of life suspended above the shore. Each residence is a masterclass in refined living, where sunlight washes across herringbone wood floors, sculpted European wood detailing and bespoke kitchens with Italian-sourced cabinetry and countertops alongside Wolf and Sub-Zero appliances. Primary suites feature deep soaking tubs, natural stone showers and finished walk-in closets, while thoughtful touches – from integrated espresso and cappuccino systems to makeup vanities – elevate daily life and create a true residential sanctuary.

Curving terraces, ranging from 3,500 to over 6,450 square feet, paired with floor-to-ceiling glass, seamlessly blur the line between indoors and out, highlighting panoramic views of the Atlantic and Intracoastal, providing a private escape above the shoreline.

Envisioned by Arquitectonica with interiors by Studio Piet Boon, Rosewood Residences Hillsboro Beach features just 92 waterfront residences, combining architectural precision with seaside sophistication. Spanning nearly 12 acres, the dual-building enclave offers more than 1,200 feet of combined ocean and Intracoastal frontage, providing residents with a highly sought-after level of scale, privacy and direct access to both shorelines.

Residents enjoy full access to exceptional amenities managed directly by Rosewood, including a light-filled wellness center with a private his-and-hers spa, saunas, Hammam, hydro and cold plunge pools, salon and two state-of-the-art fitness centers.

Active recreation is seamlessly integrated, with tennis, paddle tennis, pickleball, and Bocce courts, complemented by a pro shop, while resort-style oceanfront and sunset pools, direct beach access with attended lounge chairs and a private 14-slip marina anchor the waterfront experience.

Refined dining experiences, including an oceanfront dining space, cocktail bar, breakfast bar and creamery, will be guided by a soon-to-be-announced celebrity chef. Additional resident offerings include a game room, multi-sport simulator and fully appointed guest suites, alongside signature Rosewood concierge services such as residential butlers, 24-hour security and valet, a house car, in-residence dining, catering and home management services.

“Hillsboro Beach is one of South Florida’s most intimate coastal communities, where quaint streets, dual waterfront views and a true sense of privacy make it unlike anywhere else," said Gil Dezer, Principal of Dezer Development. "This penthouse collection was designed for those who want resort-style living without the maintenance of a single-family home as well as those seeking a more expressive waterfront living environment.”

Hillsboro Beach has long been renowned for its understated charm and elegant coastal lifestyle. The barrier island offers pristine beaches, picturesque streetscapes and seamless access to the Intracoastal, where residents can indulge in waterborne pursuits and coastal leisure. Boutique shopping, acclaimed dining and cultural experiences complement the serenity of this exclusive enclave.

Rosewood Residences Hillsboro Beach celebrated its topping-off in February. The first closings for the penthouse collection are anticipated to begin in late 2026.

Renderings via VanDerPas

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Related Group and BH Group Break Ground on The Ritz-Carlton Residences, West Palm Beach

Leading real estate developers Related Group (Related) and BH Group, in collaboration with Marriott International, have officially commenced construction on The Ritz-Carlton Residences, West Palm Beach. Following exceptional pre-construction sales, with more than 70% of residences already spoken for, the boutique ultra-luxury development is expected to be completed in 2028.

Leading real estate developers Related Group (Related) and BH Group, in collaboration with Marriott International, have officially commenced construction on The Ritz-Carlton Residences, West Palm Beach. Following exceptional pre-construction sales, with more than 70% of residences already spoken for, the boutique ultra-luxury development is expected to be completed in 2028.

“We surpassed $150 million in sales in the last six months, underscoring just how strong the West Palm Beach market has become – and how The Ritz-Carlton Residences, West Palm Beach is at the heart of that momentum,” said Nick Pérez, President of Related Group’s Condominium Division. “Having worked in this market for decades, we’ve seen West Palm Beach evolve into one of the most talked-about luxury destinations in South Florida. We knew this project would resonate, but it quickly emerged as one of the fastest-selling developments in our portfolio. We’re excited to see this trajectory continue.”

“West Palm Beach has entered a new era of growth, driven by strong migration trends and sustained demand for ultra-luxury waterfront living,” said Isaac Toledano, Founder of BH Group. “With The Ritz-Carlton Residences, West Palm Beach, we are introducing a product that reflects both the strength of the market and the elevated expectations of today’s buyers.”

Rising 27 stories along a prime waterfront site, the tower embodies the Ritz-Carlton’s timeless elegance and exacting design standards. Thoughtfully crafted by Arquitectonica with interiors by Rockwell Group and landscaping by Naturalficial, each of the 138 residences are intentionally oriented eastward to frame sweeping coastal views and vivid turquoise waters from every home – offering an uninterrupted connection to West Palm Beach’s waterfront lifestyle.

The two- to four-bedroom homes, ranging from 1,500 to over 3,000 square feet, are crafted to maximize light and air, with open layouts and floor-to-ceiling windows that extend effortlessly to expansive private balconies. The Chef-inspired kitchens are appointed with custom Italian cabinetry and top-of-the-line Sub-Zero and Wolf appliances while bathrooms showcase bespoke Hansgrohe fixtures. Each residence includes dedicated elevator access, an entry foyer, pre-wired smart home technology and keyless entry.

“Our goal was to create interiors that embrace the energy and beauty of life on the water,” said David Rockwell, Founder and President of Rockwell Group. “The eastern orientation shapes every detail, filling each space with natural light and horizon views. Floorplans flow seamlessly for both entertaining and everyday living, while materials, textures and finishes have been carefully chosen to balance elegance and functionality, making every residence as inviting as it is spectacular.”

True to The Ritz-Carlton’s legacy of exceptional hospitality, the Residences offer a refined collection of amenities and services curated to support comfort, connection and complete well-being. Managed by dedicated Ritz-Carlton staff, the experience begins with a dramatic bayfront pool deck featuring private cabanas, summer kitchens and poolside dining. Just beyond, a state-of-the-art fitness and wellness center offers the latest cardio and resistance training equipment, along with a world-class spa, private treatment rooms and his-and-hers steam and sauna facilities.

Residents will also enjoy an array of thoughtfully designed spaces for work, play and everyday living. Private conference and coworking areas offer seamless productivity. A dedicated children’s room and a gaming lounge with a cutting-edge golf simulator bring joy to all ages. Expansive outdoor terraces, multiple entertainment lounges and two fully appointed guest suites complete the amenity package, allowing for effortless hosting and leisure.

Throughout the property, a curated selection of museum-quality artwork from the Jorge M. Pérez Contemporary Art Collection enriches the residential experience. Residents also receive complimentary membership to the exclusive Cove Club, West Palm Beach’s premier waterside retreat offering dining, wellness and social programming.

Signature Ritz-Carlton concierge services complete the offering. From valet parking and 24-hour in-residence deliveries to personal arrangements for dining, travel, beauty and pet care, every detail is handled with warmth, discretion and precision.

Renderings via The Boundary

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Related Group and Dezer Development Top Off Rosewood Residences Hillsboro Beach

Leading real estate developers Related Group (Related) and Dezer Development have completed vertical construction at the Rosewood Residences Hillsboro Beach, marking a major milestone for one of South Florida’s most exclusive new address and the first-ever hospitality-branded condominium in the area.

Leading real estate developers Related Group (Related) and Dezer Development have completed vertical construction at the Rosewood Residences Hillsboro Beach, marking a major milestone for one of South Florida’s most exclusive new address and the first-ever hospitality-branded condominium in the area.

Set on 12 acres of untouched coastline between the Intracoastal Waterway and the Atlantic Ocean, the boutique property offers just 92 ultra-luxury waterfront homes, combining the timeless elegance of the Rosewood brand with effortless oceanfront living. Coastal Construction is serving as the general contractor, with full completion on track for early 2027.

“With vertical construction now complete, we’re entering the final chapter of what promises to be one of South Florida’s most exceptional residential offerings,” said Nick Pérez, President of Related Group’s Condominium Division. “Hillsboro Beach is one of those rare, special places. It’s the perfect setting for what we believe will be a one-of-a-kind living experience.”

Rosewood Residences Hillsboro Beach offers a bespoke dual-waterfront lifestyle with seamless access to the region’s top cultural and social destinations. The property’s design, inspired by the area’s natural beauty, pairs modern architecture with classic sophistication, featuring work by the renowned Arquitectonica and interiors by the celebrated Dutch design firm, Studio Piet Boon.

The coastal residences range from 2,800 to 6,400 square feet and boast expansive layouts with sweeping waterfront vistas. Each home gracefully merges indoor and outdoor living, creating an ideal setting for both entertaining or sun-soaked relaxation. Curving terraces, open-air kitchens and floor-to-ceiling windows flood interiors with an abundance of light, while natural materials and soft palettes create a connection to the surrounding landscape.

“Situated just south of Boca Raton, Hillsboro Beach is experiencing one of its most active development periods to date – offering a thriving mix of South Florida’s finest restaurants, shopping, arts and culture,” said Gil Dezer, President of Dezer Development. “With the area’s growing prominence and strong buyer enthusiasm, we’re proud to celebrate this distinctive development’s landmark milestone.”

An extensive collection of five-star amenities managed directly by the Rosewood team is woven into daily life. The indoor-outdoor wellness center, flooded with natural light, features a private his-and-hers spa with saunas, a Hammam, hydro and cold plunge pools, a salon and two state-of-the-art fitness centers. Tennis, paddle tennis, pickleball and Bocce courts, paired with a fully equipped pro shop, invite residents to stay active and enjoy matches with friends and family.

Resort-style oceanfront and sunset pools anchor the waterfront experience, complemented by direct access to a dedicated beach with attended lounge chairs, umbrellas and full food and beverage service, as well as a private marina with 14 vessel slips. An array of refined dining experiences – including an upscale oceanfront dining amenity, a cocktail bar, breakfast bar and creamery – will be guided by a soon-to-be-announced celebrity chef, further enhancing the elevated lifestyle reserved for residents. An imaginative game room, multi-sport simulator and fully appointed guest suites extend the experience, allowing residents to entertain effortlessly.

Signature Rosewood concierge services round out the offering, with residential butler and on-site lifestyle concierge support, 24-hour security and valet, a house car and in-residence dining and catering. Home management services, including floral arrangements and pantry stocking, ensure every detail is taken care of, allowing residents to fully embrace the Rosewood way of life.

“We are honored to collaborate with Related Group and Dezer Development once again to reach this important topping out milestone,” said Tom C. Murphy, Co-President of Coastal Construction Group. “We look forward to delivering a building that upholds the superior standards shared by Coastal, Related Group and Dezer Development as the project continues.”

Pricing for the available homes at Rosewood Residences Hillsboro Beach begins at $5.95 million.

Renderings via VanDerPas, Construction images via Related Group

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W Pompano Beach Hotel & Residences Reveals Beachfront Bespoke Penthouse Collection

Preeminent real estate developers Related Group (Related) and BH Group, in collaboration with hospitality leader Marriott International, Inc., have revealed the penthouse collection within the highly anticipated W Pompano Beach Hotel & Residences.

Preeminent real estate developers Related Group (Related) and BH Group, in collaboration with hospitality leader Marriott International, Inc., have revealed the penthouse collection within the highly anticipated W Pompano Beach Hotel & Residences. These exquisitely curated homes – with uninterrupted ocean views – bring an elevated level of design and amenities yet to be seen in Pompano Beach. Set along the region’s most stunning shoreline, the penthouses immerse buyers in a year-round coastal dream, offering remarkably expansive and supremely discreet light-filled sanctuaries. Prices range from $6.5 million to over $15 million, with the collection now officially on the market and open to buyer inquiries. Fortune International is the exclusive sales and marketing agent for W Pompano Beach.

“With these penthouses, we set out to create something extraordinary – residences that match the energy of the W brand and simultaneously push far, far beyond any home ever seen in this market,” said Nick Perez, President of Related’s Condominium Development Group. “This is a rare opportunity to own Pompano Beach’s residences as it emerges as South Florida’s next premier beachfront destination, at a value that’s impossible to find along South Florida’s waterfront today.”

Occupying the highest levels of the iconic 24-story tower, the nine residences double as waterfront sanctuaries with spectacular panoramic views and a seamless indoor-outdoor lifestyle. Inspired by single-family estates, penthouse floor plans range from 3,250 to over 6,200 square feet, with select residences offering even more expansive layouts that include double master suites and soaring ceilings up to 11 feet. Sunlight pours through the grand east-to-west windows, bathing interiors in natural light, while the sweeping terraces create the sensation of floating above South Florida’s spectacular coastline.

Crowning the property, three Premier Penthouses represent the pinnacle of the collection – a striking embodiment of coastal luxury at its finest. Each of these residences unfold onto a private, panoramic rooftop terrace spanning up to 2,800 square feet – a stunning outdoor retreat designed not just for relaxation but for unforgettable moments. Outfitted with climate-controlled lounges and a state-of-the-art summer kitchen, the terraces make entertaining effortless. These outdoor havens are completed by a shimmering pool deck that welcomes both peaceful mornings and vibrant sunset gatherings. Altogether, the rooftop areas offer some of South Florida’s most generous and thoughtfully crafted alfresco environments, where refined luxury meets the stunning natural beauty of Pompano Beach’s crystal-clear waterfront.

Penthouse owners also unlock the full W Hotels experience, allowing them the privacy of beachfront homes with the social energy of the five-star W brand. The sprawling 60,000-square-foot beach club-inspired WET® Deck transforms into the ultimate playground, where private cabanas, a lively bar and grill, and courts for pickleball and padel create endless opportunities for fun and connection. The shimmering pool and jacuzzi overlook stunning waterfront views, setting the scene for refined gatherings with family and friends.

Inside, W’s Signature Living Room pulses with curated experiences – from live music and art shows to intimate wine tastings and cultural events – while an exclusive speakeasy-style lounge offers a secret escape for late-night conversations and crafted cocktails. Fitness and wellness reach new heights with W’s state-of-the-art FIT® fitness center, which offers comprehensive cardio and weight equipment alongside dedicated yoga and spin studios, supporting a full schedule of private and group classes. The full-service AWAY® Spa is designed for total rejuvenation, featuring custom treatments, a cold plunge, jacuzzi, sauna, steam rooms and full hair and nail services.

“Only W Hotels, one of the industry’s most innovative hospitality brands, can deliver this blend of luxury, lifestyle and service,” said Isaac Toledano, Founder of BH Group. “This comes at a pivotal moment as Pompano Beach, fueled by billions in recent public and private investment, rapidly emerges as South Florida’s next luxury hotspot. With prime beachfront opportunities becoming increasingly scarce, this penthouse collection offers a rare chance to own at the forefront of the city’s dynamic growth.”

That bold vision is also reflected in the property’s architecture and design. Nichols Architects, in collaboration with KORA, created a striking silhouette along the shoreline, while interiors by award-winning firm Meyer Davis and lush landscapes by Enea Landscape bring the W brand’s signature luxury to life. From material choices to spatial flow, every detail reinforces the elevated lifestyle that defines the project.

W Pompano Beach Hotel & Residences marks a defining moment in Pompano Beach’s transformation, as billions in public and private investment spark a surge of new development, infrastructure and cultural momentum. As Related Group’s fourth project in the city, it reflects the firm’s deep-rooted commitment to shaping Pompano Beach into one of South Florida’s premier residential destinations.

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Related Group and Merrimac Ventures Secure $160 Million Construction Loan For Waldorf Astoria Residences Pompano Beach As Sales Pass 70%

Leading real estate developers Related Group and Merrimac Ventures, alongside hospitality leader Hilton (NYSE: HLT), have closed on $160 million in construction financing from Bank OZK for Waldorf Astoria Residences Pompano Beach (The Residences).

Leading real estate developers Related Group and Merrimac Ventures, alongside hospitality leader Hilton (NYSE: HLT), have closed on $160 million in construction financing from Bank OZK for Waldorf Astoria Residences Pompano Beach (The Residences). Marking Waldorf Astoria’s first-ever standalone residential development, the property is already elevating the standard for luxury living in Broward County, with only select residences remaining.

“The Residences combine the legendary service and sophistication of the Waldorf Astoria resort properties with the comfort and security of private ownership. It’s a no-compromise lifestyle that immerses residents and caters to their every wish,” said Nick Pérez, President of Related’s Condominium Division. “We’re proud to work alongside our development and financial partners to help propel Pompano Beach as the region’s next premier luxury destination. It is properties such as this one that will help the city reach its full potential.”

Set on two acres of coveted oceanfront, The Residences will offer 92 exclusive condominium homes and an exceptional suite of resort-style amenities and personalized services managed directly by Waldorf Astoria. With world-class design led by Nichols Architects in collaboration with KORA, BAMO, and Enea Landscape, the development positions Pompano Beach as a rising star among luxury destinations.

“This financing marks a pivotal milestone for The Residences and the vision we’ve long held for this iconic oceanfront site,” said Dev Motwani, CEO of Merrimac Ventures. “This property location, design and unmatched lifestyle offerings have resonated with buyers, quickly propelling us past 70 percent sold in a remarkably short timeframe.”

The 28-story tower comprises homes ranging from two to five bedrooms, spanning 2,100 to 6,100 square feet. Each residence boasts private elevator access, floor-to-ceiling windows and oversized balconies with panoramic Atlantic Ocean and Intracoastal Waterway views. The 20,000-square-foot oceanfront pool deck perfectly captures the essence of the property’s seaside experience, enhanced by a private spa, an outdoor bar and dining lounge, and summer kitchens. Residents can also enjoy exclusive access to 200 linear feet of pristine beachfront as well as a private marina with nearly two dozen boat slips.

Beyond its stunning outdoor spaces, The Residences offers more than 15,000 square feet of curated indoor amenities and an extensive list of resident services. Wellness-driven offerings include a state-of-the-art fitness center and a dedicated movement studio, as well as an on-site spa with private treatment rooms and his-and-hers sauna and steam rooms. Residents can also enjoy a variety of entertainment and leisure amenities, such as a ground-floor dining concept, a billiards lounge, a children’s entertainment center and a multi-sport simulator. Additionally, the property will showcase an array of museum-quality artwork from the renowned Jorge M. Pérez Contemporary Art Collection.

True to the Waldorf Astoria tradition of exceptional hospitality, the property’s signature 24/7 resident services include in-residence dining, a personalized concierge, and dedicated beach and poolside service.

“Bank OZK is excited to expand upon our strong relationships with both Related Group and Merrimac Ventures, along with the sponsorship of an industry leader like Hilton, for this extraordinary development,” said Greg Newman, Senior Managing Director of Originations at Bank OZK. “We look forward to seeing how this landmark project enhances Pompano Beach’s coastal legacy and growing prestige.”

For those seeking the pinnacle of coastal luxury, The Residences offers four exquisitely crafted penthouse residences ranging from $16 million to $20 million. Each of these sprawling homes features 70 linear feet of uninterrupted ocean views and wraparound terraces that showcase panoramic vistas of the ocean, Intracoastal Waterway and the dynamic Pompano Beach skyline. The two upper penthouses feature sweeping 3,200- to 3,500-square-foot rooftop terraces, complete with air-conditioned entertainment spaces, summer kitchens and private pools.

Only select homes remain available at Waldorf Astoria Residences Pompano Beach.

Renderings via The Boundary

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Related Group and Integra Investments Close On $527 Million In Construction Financing For St. Regis Residences, Miami

Related Group (Related) with Integra Investments (Integra) have closed on $527 million in financing for the highly-anticipated residential tower, St. Regis Residences, Miami (The Residences), on the Biscayne Bay waterfront in Miami’s South Brickell neighborhood.

Related Group (Related) with Integra Investments (Integra) have closed on $527 million in financing for the highly-anticipated residential tower, St. Regis Residences, Miami (The Residences), on the Biscayne Bay waterfront in Miami’s South Brickell neighborhood. The loan was provided by TYKO Capital, a multi-billion-dollar commercial real estate private equity and private credit investment management platform, led by Adi Chugh. Over 60% of The Residences’ 152 homes are now in contract.

"We're pleased to partner with TYKO Capital to obtain one of the most substantial residential construction loans in South Florida's history," said Nick Pérez, President of Related's Condominium Division. "This achievement underscores investors' trust in Miami’s thriving residential market and, notably, in the distinguished St. Regis brand. The St. Regis Residences, Miami redefines luxury living, bringing an elevated lifestyle to the Brickell waterfront. With unparalleled amenities, spectacular views and impeccable service, every aspect is curated to surpass resident expectations."

Located at 1809 Brickell Ave., The Residences is being brought to life by a visionary team, with architecture by the esteemed Robert A.M. Stern Architects (RAMSA) and interiors by the highly acclaimed Rockwell Group. This striking property marks the first residential development in South Florida for RAMSA, which drew inspiration from the elegant aesthetic of golden-age ocean liners at sea, merged with the modern allure of skyscrapers. The 50-story tower will feature 152 condominium homes ranging from two to six bedrooms, including penthouses, sky villas and two stand-alone garden villas, creating a once-in-a-generation building that offers a bespoke experience synonymous with the St. Regis brand’s unmatched, historic five-star services.

“This significant financing milestone reflects Miami's rising prominence on the global stage and reinforces the remarkable appeal of the St. Regis brand,” said Nelson Stabile, Principal at Integra. “We’re excited to move closer to realizing The St. Regis Residences, Miami, which will extend the hallmark St. Regis lifestyle— from bespoke butler service to Michelin-starred dining —to a setting that offers both the vibrancy of Brickell and a serene retreat. Residents will experience something truly exceptional, and we're honored to play a role in shaping this vision while redefining the benchmarks of luxury living in Miami's real estate market."

In keeping with the St. Regis brand’s uncompromising commitment to excellence, residents will experience one of the most robust amenities packages on the market, with more than 50,000 square feet of indoor and outdoor spaces, including a professional-grade fitness center with a pilates and yoga studio; a full-size pickleball court; a private marina; a world-class spa and holistic wellness center; and an indoor lap pool. Signature butler services complete the lifestyle experience, including deliveries to residences, an on-premises house car, shoeshine service and other personal arrangements. Park-like grounds surround the building with lush landscaping designed by the acclaimed Swiss design firm, Enea Garden Design.

The culinary offerings at The Residences are equally exceptional. With the iconic St. Regis Tea Room and a fine-dining restaurant led by Michelin-starred chef Fabio Trabocchi, residents are treated to an unparalleled dining experience, redefining the concept of 'dining in.'

Renderings via Binyan Studios

For more information about St. Regis Residences, Miami or to inquire about purchasing a unit please fill out the form below:

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Related Group and Tricap Break Ground On Hospitality-Infused Wynwood Condo 'NoMad Residences Wynwood'

Related Group, together with Manhattan-based developer Tricap, has broken ground on NoMad Residences Wynwood, the first residential concept from the global hospitality icon, NoMad Hotels, and its parent company, Sydell Group. Located just steps from Miami’s world-famous Wynwood Walls, the nine-story condominium tower boasts an eclectic, modern design crafted by the world’s preeminent design talents with architecture by Arquitectonica and interiors by the renowned DesignAgency.

Miami-based real estate developer Related Group (Related), together with Manhattan-based developer Tricap, has broken ground on NoMad Residences Wynwood, the first residential concept from the global hospitality icon, NoMad Hotels, and its parent company, Sydell Group. Located just steps from Miami’s world-famous Wynwood Walls, the nine-story condominium tower boasts an eclectic, modern design crafted by the world’s preeminent design talents with architecture by South Florida-based Arquitectonica and interiors by the renowned DesignAgency. With over 75% of its homes now in contract, NoMad Residences Wynwood is expected to reach completion in 2025. Pricing for NoMad Residences Wynwood begins in the $600,000s with Fortune Development Sales exclusively overseeing sales and marketing.

“No hospitality brand is better suited for Wynwood than The NoMad Hotels, a concept that pairs artistry with luxury to offer an inspired way of living,” said Nick Pérez, President of Related Group’s Condominium Division. “Much like how NoMad New York helped to transform Manhattan’s North of Madison enclave into one of the city’s most in-demand neighborhoods, Related believes that the NoMad Residences Wynwood is poised to unveil the next chapter in Wynwood’s celebrated history.”

Designed to embody every luxury associated with the NoMad name, NoMad Residences, Wynwood brings the essence of a well-traveled, artfully-lived life to each home. The collection of 329 residences ranges from studios to two bedrooms, each featuring floor-to-ceiling windows, private balconies, open layouts and spa-like showers. Modern kitchens include premium Bosch appliances, Italian-style cabinetry adorned with brass hardware, and sleek stone countertops.

"The NoMad Hotels team has a reputation for crafting exemplary hotels featuring stand-out designs inspired by their surroundings,” said Andrew Zobler, Founder & CEO of Sydell Group. “We took the same approach with NoMad Residences Wynwood. We didn’t want to just create homes — we wanted to foster a sense of unity in a neighborhood known for its diverse, artistic energy.”

Each home comes fully furnished with packages curated by DesignAgency. Uniquely developed with no rental restrictions in mind, buyers will have the option to rent their homes to guests for any period of time, while a skilled in-house property management team will efficiently manage check-in and check-out processes.

Central to the property’s appeal are its world-class food and beverage offerings, which will be open to the public and include a signature rooftop restaurant and mixology bar concept, The NoMad Bar. The restaurant will be helmed by James Beard Award Winner Leo Robitschek, Vice President, Food & Beverage at Sydell Group, and the former Bar Director for New York City’s three-Michelin Star restaurant Eleven Madison Park. The property will also include an exceptional anchor destination on the ground floor, Casa Tua Cucina. A lighthouse brand that sets the standard for experiencing high-end social dining, ‘Cucina’ is an expansive open-kitchen concept offering simple, yet expertly crafted Italian and Mediterranean fare.

To enhance the hospitality-focused experience, residents and their guests can indulge in a full-suite of resort-style amenities, including an expansive rooftop lounge with panoramic views of downtown Miami, a fully-serviced pool and sun deck, private cabanas, and a state-of-the-art indoor and outdoor fitness lounge. The signature NoMad Library and Lounge, located on the ninth floor, will serve as a secondary resident hub, featuring NoMad-curated experiences and events, ample shared workspaces, and more.

Additional on-site highlights include a card room and private dining room. For art enthusiasts, many of the walls throughout the building will showcase museum-quality works from the Jorge M. Pérez Collection, with sections of the building commissioned to artists in ode to Wynwood. Surrounding the property is a vibrant, walkable community that boasts over 70 art galleries, luxury boutiques, seven MICHELIN-star and many five-star restaurants, and the world-famous Wynwood Walls.

“Wynwood isn’t just a neighborhood. It’s an ever-evolving hub of culture, cuisine and opportunity,” said David Edelstein, Principal at Tricap. “As a result of our collaboration with best-in-class partners, Related and Sydell Group, today’s groundbreaking marks the beginning of an immersive, hospitality-centric residential experience at the core of Miami’s famed art district.”

Recently, NoMad London, a flagship within the esteemed NoMad Hotels brand, secured a coveted spot on 'The World’s 50 Best Hotels’ list for 2023. This prestigious recognition reinforces Sydell Group’s commitment to upholding the highest standards in hospitality and design — a commitment that NoMad Residences Wynwood will reflect as it introduces the same level of exquisite craftsmanship to Miami's dynamic Wynwood neighborhood.

Images via NoMad Residences Wynwood

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Related Group Unveils Andare Residences By Pininfarina On Fort Lauderdale's Las Olas Boulevard

Related Group (Related), in partnership with legendary Italian design house Pininfarina, is set to launch sales for Andare Residences by Pininfarina (Andare), a recently unveiled boutique condominium development in the heart of Fort Lauderdale's Las Olas Boulevard. Featuring a collection of 163 bespoke residences, the 45-story tower is the first luxury condominium development set to rise above Las Olas Boulevard in nearly 20 years.

Related Group (Related), in partnership with legendary Italian design house Pininfarina, is set to launch sales for Andare Residences by Pininfarina (Andare), a recently unveiled boutique condominium development in the heart of Fort Lauderdale's Las Olas Boulevard. Featuring a collection of 163 bespoke residences, the 45-story tower is the first luxury condominium development set to rise above Las Olas Boulevard in nearly 20 years. Located just two miles from Las Olas Beach, Andare will offer residents the best of coastal and metropolitan living, providing unobstructed ocean views and seamless connectivity to the city’s urban core. Sales officially launch on Wednesday, October 18, with prices starting at $1.6 million for a two-bedroom residence.

"Las Olas embodies timeless allure and urban evolution," shared Nick Pérez, President of Related's Condominium Division. "With a unique pedestrian lifestyle, complete with many culinary and retail gems, Las Olas is now easily Fort Lauderdale's hottest residential market. After years of thoughtful growth, the area is now finally ready for a high-design, service-driven condominium, and we couldn't be more honored to partner with Pininfarina to craft our vision into reality.”

An international icon known for conceiving many of the most beloved designs in automotive history, Pininfarina worked closely with the tower’s architect of record, CFE Architects, and landscape architect, Architectural Alliance Landscaping, to create a cohesive design inspired by the area’s timeless energy and maritime roots. Soaring to over 540 feet in height, Andare is instantly recognizable by its distinctive facade, characterized by undulating wraparound balconies, which lend it a flowing, wave-like appearance.

"The unparalleled location of this property, in the American Riviera, inspired our vision,” said Samuele Sordi, Chief Architect at Pininfarina. "We strived to provide future residents with a living environment that not only pushed the boundaries of design, but also celebrated Las Olas’ rich tapestry of cultural and environmental surroundings. The end result is a tower that serves both as a love letter to Las Olas’ rich history as well as a monument to its promising future.”

Among the biggest priorities for the Andare design team was creating a harmonious marriage between the tower’s ground-floor areas and the pedestrian thoroughfare. To achieve this, Pininfarina and its collaborators encased the tower’s stunning double-height lobby in floor-to-ceiling windows, allowing for the space’s curated museum-quality art and ample biophilic elements to add energy to the exterior paseo. Furthering the connection between Andare and its surroundings is the tower’s signature feature: a striking 36-foot arch that serves as a grand entrance into the tower, while creating a seamless connection with the highly anticipated Tunnel Top Park.

The thoughtful approach to design is reflected within each of Andare’s residences, which range in size from 1,800 to over 4,300 square feet and feature open-concept living areas, floor-to-ceiling windows and spectacular views of the New River and the Atlantic Ocean. Oversized wraparound balconies extend each homes’ footprint and further promote seamless indoor-outdoor living. Residences come equipped with gourmet kitchens with Italian cabinetry and Sub-Zero and Wolf appliances; sprawling spa-inspired bathrooms; the latest smart home technologies and more.

Andare celebrates every facet of urban life with over 35,000 square feet of indoor and outdoor amenities across three floors. The 10th floor is home to a wide range of offerings that prioritize health and wellness including a state-of-the-art fitness center, a pickleball court, and a wellness spa with dedicated salt, sauna, steam and massage rooms, along with both hot and cold plunge pools.

Live, work and play takes center stage on the tower’s 11th floor, which includes a private dining room with a catering kitchen; a Sports Lounge featuring gaming tables and large TVs; an Executive Lounge with private conference rooms ideal for hosting executive meetings or working from home, and a designated resident’s Club Lounge with a Central Bar that offers enchanting ocean views. When residents step outside, they will be met with a true urban oasis that features an outdoor kitchen, two rooftop swimming pools, private cabanas, an expansive sun deck, hot tub, and food and beverage services.

”Las Olas Boulevard has become the heart and soul of Fort Lauderdale as the city evolves from a beach-centric travel destination into a year-round livable urban center,” said Jenni Morejon, President and CEO of the Fort Lauderdale Downtown Development Authority. “With downtown population growth having doubled in the last 10 years, demand is booming for amenity-rich residences like the Andare Residences by Pininfarina. Complemented by more than $100 million of improvements to parks and public spaces in Fort Lauderdale’s urban core, this project will surely help set the tone for the neighborhood’s ongoing evolution.

Situated along a pristine beachfront and approximately two miles to Las Olas Beach, Andare is strategically located at the foot of the Fort Lauderdale Riverwalk expansion at Tunnel Top Park and provides ease of access to the Shops of Las Olas and the downtown Riverwalk District, placing residents at the intersection of culture, commerce and leisure.

Images via ARX Creative

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