Developers Related Group, Tate Capital, and Rok Acquisitions, in partnership with Marriott International, have unveiled plans for The St. Regis Resort and Residences, Bahia Mar Fort Lauderdale. This extensive project marks a transformative step for the renowned Bahia Mar Yachting Center, a major marina and host of the Fort Lauderdale International Boat Show (FLIBS).
Esplanade at Aventura is enhancing its shopping and dining offerings by adding eight new-to-market tenants throughout 2024. Since its launch in December 2023, the modern destination in Aventura has drawn visitors with its unique blend of upscale eateries, wellness boutiques, and Class A office spaces. The newly introduced tenants span luxury retail to fitness and specialty dining, making Esplanade a vibrant addition to South Florida’s retail landscape.
Developer Mast Capital has completed the largest mat foundation concrete pour in Brickell this year for Cipriani Residences Miami, marking a significant milestone in constructing the brand’s first North American ground-up residential project. The pour, spanning approximately 16 hours, involved 11,500 cubic yards of concrete and 2,500 tons of reinforcing steel, making it the largest recorded along South Miami Avenue, a primary corridor in Miami’s Brickell district. Moss Construction led the effort, coordinating over 50 team members and 750 concrete truckloads.
OKO Group and Access Industries have secured Federal Aviation Administration (FAA) approval for the Aman Miami Beach Residences at 3425 Collins Avenue. The FAA issued two determinations, each specifying height clearances for different points of the building to ensure compliance with airspace regulations. The primary clearance permits a maximum height of 252 feet above ground level or 255 feet above mean sea level, representing the highest point of the building. The second clearance applies to the structure’s highest point, closest to the Miami International Airport (MIA) runway, with a height cap of 227 feet above ground or 230 feet above sea level. These approvals, finalized last week, are valid until late April 2026.
Akel Homes has officially broken ground on Mosaic Palms, a new apartment complex west of Boynton Beach, following a $30 million construction loan secured from Seacoast Bank. The Stuart-based bank provided financing to Civic Hypoluxo Holdings, a Delray Beach-based Akel Homes subsidiary. This loan covers the 11.8-acre development site located at 7376 Lyons Road, near the southeast corner of Hypoluxo Road.
