Regency Development Group Breaks Ground on Luxury Condo in Bay Harbor Islands

Regency Development Group has broken ground on the Signature Collection, the first of three luxury buildings in the La Maré Brand Collection, a high-end residential development in Bay Harbor Islands, Florida. Comprising nine waterfront residences ranging from 2,200 to 4,300 square feet, the Signature Collection marks the initial phase of this premium project. Regency Development, a family-run company from Chicago with over 20 years of experience, is making its first foray into South Florida with this project, which aims to bring tropical luxury living to a prime waterfront location.

Michael Troyanovsky, Managing Partner at Regency Development, expressed excitement about the project’s milestone. “La Maré offers the key amenities residents are looking for, including boat slips, all in an unrivaled location," said Troyanovsky. The Signature Collection is set along a beautifully landscaped bayfront shoreline, providing residents with direct access to the water and offering a unique blend of city life and natural serenity.

Located at 9781 East Bay Harbor Drive, the Signature Collection features modern architecture designed by Kobi Karp and interiors by Debora Aguiar Arquitetos. Each residence includes expansive floor plans, floor-to-ceiling windows, private terraces with bay views, and a secure elevator system that provides direct access to units. Kitchens will be custom-designed by Poliform, featuring stone countertops and Miele appliances, while the primary bathrooms will offer dual showers, deep-soaking tubs, and Antonio Lupi fixtures.

In addition to its luxurious living spaces, the Signature Collection offers a range of high-end amenities. Residents will have access to a marina with four boat slips, accommodating vessels up to 45 feet, a rooftop pool deck with a jacuzzi, outdoor kitchen, and lounge area. Other amenities include a fitness center, spa facilities with a steam room and sauna, and bayfront lounge areas. Water activities will also be available for residents to enjoy.

With prices starting at $3 million, the Signature Collection represents an exclusive opportunity to live in one of South Florida’s most sought-after locations. Construction of the Signature Collection is expected to be completed by early 2026. Douglas Elliman Development Marketing is overseeing sales for the project.

La Maré’s development marks a significant addition to the Bay Harbor Islands community, bringing a fresh perspective on waterfront living with luxury design and thoughtful amenities.

Chicago-Based Regency Development Group Launches Kobi Karp-Designed La Maré Bay Harbor Islands

Chicago-based Regency Development Group has launched La Maré, an exclusive collection of two light-filled modern contemporary boutique residential buildings in Bay Harbor Islands. La Maré features the 33-unit Regency Collection and the 9-unit Signature Collection, featuring vertically stacked tropical luxury villas designed by world-renowned architect Kobi Karp, while Brazil-based Debora Aguiar Arquietetos, known for her design of 1 Hotel South Beach among others, leads the interior design. La Maré represents Regency Development Group’s first project in the South Florida market. Groundbreaking is expected for later this year and completion is expected in 2025. Residences will range from $1.375 million to $8 million.

“With recycled materials as the foundation, the design ethos is centered around its honoring natural surroundings - water and its movement – to create an ongoing connection to the environment,” said Kobi Karp. “The positioning of each building on the island is intentionally set to optimize sunlight and natural air flow through each residence, while the glass enwrapped LEED certified spaces accentuate peak sunrise and sunset views.”

“We’re creating sky villas that provide families with expansive living and entertainment spaces right on the water in a pocket of Miami that provides everything families desire, from top dining options to one of the top-ranked schools in Miami-Dade County,” said Michael Troyanovsky, Managing Partner of Regency Development Group. “As a company that is family-run, we value and understand what families are looking for in South Florida.”

The eight-story Regency Collection glass-clad modern boutique building will feature 33 residences. Soft interiors frame the panoramic ocean blues by nine-to-10-foot floor-to-ceiling windows that open out to expansive wraparound outdoor living spaces. The residences with direct private elevator access will range from two bedrooms, two baths to four bedrooms, four and a half baths with 1,600 to more than 4,000 square feet of living space. On the second floor, two prestigious 4,200 square feet Bay Villas adorn the north and south corners featuring spiral staircases that lead down to the ground deck with their own individual pools and summer kitchens. Four penthouses top the building, of which two are flow-through corner residences with access to their own private rooftop pools and summer kitchens.

Exclusive building amenities for the Regency Collection include a state-of-the-art fitness center and residential lounge for group gatherings and screenings.

“I liken La Maré’s Regency Collection to a Harlequin butterfly that opens up in both east and west directions,” said Kobi Karp, founder and principal of Kobi Karp Architects. “This design creates flow-through residences with three glass wraparound windows that bring the outdoors in.”

This eight-story Signature Collection building will feature an exclusive collection of only nine residences thoughtfully designed for families with privacy at the forefront, ranging from 2,100 to more than 4,200 square feet. The top four floors will be comprised of one residence per floor with four bedrooms and four and a half baths. The rest of the building will offer three-bedroom residences and one standout residence will be at the lobby level with private access to the waterfront sundeck.

Exclusive Signature Collection building amenities include a state-of-the-art fitness center, a wine cellar and outdoor kitchen and bar lounge. Residences will range from $2.875 million to $6.3 million. Groundbreaking is planned for later this year and completion is expected in late 2024.

Inspired by the movement of water, The Signature and Regency Collections will offer bayfront verandas and outdoor spaces with landscaping, boat slips, lounge areas and a resort-style rooftop pool deck that will have a pool, jacuzzi and lounge chairs.

Designed to be LEED certified and blend with the neighborhood of Bay Harbor, the low impact all-glass buildings will be constructed on elevated pilings that allow the buildings to be independent of high and low tides to adhere to the everchanging climate of South Florida.

The orientation of the buildings is designed to reduce carbon footprint by minimizing energy loads and maximizing natural sunlight. By incorporating all-glass balcony shadow boxes, its architecture plays with the sunlight to reduce solar gain and maintain a cool temperature throughout the building.

Green rooftops with tree canopies, open green lounge areas and a pool will be built to create a third place for residents to connect and entertain all while doubling as building insulators. The green rooftops will be built on raised wood-like decks made from recycled plastic lifted off the concrete roof to create a natural cooling system, which reduces the use of added material for roof insulation by 70%. Its lush greenery will exclusively feature native species sustained by two-meter irrigation systems that capture and filter rainwater.

Recycled locally sourced materials are married throughout the interiors blending bleached driftwood, travertine, sand-colored natural stones, concrete and metals to create idyllic modern sprawling living areas enhanced by panoramic bay views. Other interior features include private and/or semi-private elevators, elegant custom Italian kitchen and bath fixtures by Antonio Lupi, dual shower and deep soaking tub in primary bathrooms, stone countertops, cabinetry by top-of-the-line luxury Italian brand Poliform and Miele appliances. Additional sustainable features include HEPA filtration systems and in-line heating, Insta-hots, displacing traditional hot water tanks that hold mold overtime.

The Regency Collection La Maré Residences will be located at 9927 E Bay Harbor Drive, Bay Harbor Islands, FL 33154  and the Signature Collection La Maré Residences will be located at 9781 E Bay Harbor Drive, Bay Harbor Islands, FL 33154. The Sales Gallery is at 10301 E Bay Harbor Dr. Bay Harbor Islands, FL 33154.