A joint venture between Related Group, BH Group, and Dezer Development has finalized the $131 million acquisition of the Miami Beach Club, an aging oceanfront condominium property at 19051 Collins Avenue in Sunny Isles Beach, Florida. The development team plans to redevelop the site into a new 150-unit branded luxury condominium tower, which could rise as high as 820 feet, potentially making it the tallest oceanfront residential building in the United States.
Located on a 1.92-acre parcel between Collins Avenue and the Atlantic Ocean, the Miami Beach Club was built in 1951 and contains 108 units across two stories. The developers have acquired 98 units, with two more expected to close in the coming weeks. The remaining eight units are already owned by Related executives, securing full control of the property.
Miami Beach Club streeview. Photo from Google Maps.
We previously reported that FAA permit filings were submitted on May 2, 2025, for the address, indicating a proposed structure that would rise 820 feet above ground, or approximately 828 feet above mean sea level, signaling an intent to develop a high-rise that would surpass current coastal height records.
The site sits just north of Residences by Armani/Casa, a 60-story luxury tower completed in 2019 by Related and Dezer. The proximity and development pedigree suggest a continuation of high-end residential offerings along Sunny Isles Beach. No official renderings or finalized plans have been released to date.
Greg Greer represented the buyers in the transaction. J.P. Morgan is providing $87.5 million in predevelopment financing, arranged by Berkadia’s Scott Wadler and Mike Basinski.
The deal underscores a growing trend across South Florida, as developers increasingly target aging coastal condos for redevelopment. In the aftermath of the Champlain Towers South collapse in Surfside, the Florida Legislature enacted new laws requiring condominium associations to set aside reserves for major structural repairs. Facing escalating costs, many unit owners are opting to sell to developers rather than fund expensive upgrades.
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