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St Regis Bal Harbour Miami Preconstruction Real Estate Condos -Imoves em Miami - Bienes Raices en Miami
Press Release WHITE PLAINS, NY and MIAMI, FLA – March 15, 2005
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) and The Related Group of Florida announce that they have signed a letter of intent to form a joint venture to develop a new build St Regis Resort & Residences in South Florida’s most exclusive enclave, Bal Harbour. The St Regis Resort & Residences, Bal Harbour, to be built on the existing site of the Sheraton Bal Harbour, will be located on the white, pristine sands of the Atlantic Ocean directly across the street from the legendary Bal Harbour Shops. The renowned Lucien Lagrange Architects has been selected for the project. The proposed transaction is subject to the negotiation and execution of definitive agreements and other approvals and customary closing conditions.
“Related’s innovative development expertise in project conceptualization, mixed-use development, and sales and marketing of upscale residential projects in the South Florida market is a perfect complement to Starwood’s ultra-luxury brand, loyal customer base and its existing untapped real estate holdings,” said Steven Heyer, CEO, Starwood Hotels & Resorts. “We expect that this relationship will allow us to maximize the unrealized potential of our land assets while enhancing the strength of Starwood’s presence in this affluent market.”
“We see a huge potential in developing the St. Regis Resort & Residences, Bal Harbour as a preeminent address for first-class luxury living in Miami,” said Jorge M. Perez, chairman, The Related Group of Florida. “The powerful combination of the St. Regis brand, the distinguished reputation of Lucien Lagrange Architects’, and Related’s integrated development approach will make the St. Regis Resort & Residences, Bal Harbour a spectacular new addition to the seaside Bal Harbour village.”
Only a select few of the world's luxury hotels merit the St. Regis name, offering unprecedented excellence in standards of hospitality and elegance. The St. Regis Resort & Residences, Bal Harbour will feature an array of sumptuous amenities, including the brand’s signature butler service, renowned concierge service, a world-class spa and a signature restaurant.
The Bal Harbour Shops, ranked “the number one shopping center in the U.S.” by Women’s Wear Daily and home to 100 flagship stores including Hermes, Gucci, Prada, Dolce and Gabbana, Chanel, Louis Vuitton, Saks Fifth Avenue and Neiman Marcus. The Bal Harbour Shops also offer their patrons services such as valet parking, personal shoppers, as well as an array of first-rate fine dining options.
The Sheraton Bal Harbour will plan promotional activities throughout the year prior to its anticipated closing in June 2006 to celebrate the hotel’s 50 year fabled history. “We anticipate that thousands of guests who have stayed with us over these past 50 years will want to come back and stay with us one last time,” said the Resort’s Managing Director, Hans B. Altenhoff. “This will be an exciting year for our property; not only will we commemorate our 50th anniversary but we will also provide our guest the opportunity to own their dream home on the beach they have enjoyed all these years.” The Sheraton Bal Harbour’s 50 year anniversary celebration which kicks off this spring, will incorporate promotions with the luxury brand emporiums located at the Bal Harbour Shops via an exclusive “Passport to Bal Harbour”.
The Related Group of Florida has 25 years of residential development and construction experience of condominiums and urban mixed-use properties, primarily in Florida. Some of Related’s landmark projects in South Florida include the Icon, Murano, Murano Grande, Portofino Towers and Oceans I, II and III. The company works closely with its New York affiliate to acquire commercial and residential real estate throughout the US. Related’s marketing partnership with RCRS (Related Cervera Realty Services) will offer years of selling expertise in the luxury South Florida real estate market.
Lucien Lagrange Architects has roots in both the innovative architectural legacy of Chicago and the classic design heritage of Mr. Lagrange's native France. The dichotomy results in a firm that is uniquely creative yet sensitive to a timeless aesthetic. In a relatively short time, Lagrange has made a significant mark on the Chicago skyline. Its projects - new buildings and comprehensive renovations - are prominent both in the Loop and on the Near North Side. One of the latest is the new 67-story Park Tower hotel and luxury condominium development on North Michigan Avenue.
Local architect, Sieger Suarez, has been selected as the architect of record and has long been unrivaled as South Florida's leading architectural firm specializing in luxury residential high-rise design. Taft Bradshaw, the original landscape designer for the Village of Bal Harbour and the Bal Harbour Shops, has been chosen as the landscape architect.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 750 properties in more than 80 countries and 110,000 employees at its owned and managed properties. With internationally renowned brands, Starwood is a fully integrated owner, operator and franchisor of hotels and resorts including: St. Regis, The Luxury Collection, Sheraton, Westin, Four Points by Sheraton, W brands, as well as Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts.
(Note: This press release contains forward-looking statements within the meaning of federal securities regulations. Forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties and other factors that may cause actual results or events to differ materially from those anticipated at the time the forward-looking statements are made. These risks and uncertainties are presented in detail in our filings with the Securities and Exchange Commission. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results and events will not materially differ. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.)
St Regis Resort and Residences Views
St. Regis Bal Harbour BUILDING AMENITIES
Lobbies and common areas designed by award-winning Yabu Pushelberg
Exclusive ocean-facing health and fitness center with exceptional equipment
Two heated oceanfront swimming pools
Lushly landscaped grounds
Spectacular porte-cochere entryways
Dramatic lobby entrance
Concierge staff and services
24-hour security services
Mail and package receiving desk
St Regis Bal Barbour Preconstruction Condos - RESIDENCE FEATURES
1,400-4,300 SF average residential unit size
Expansive 11’ balconies with ocean and bay views; many residences with wraparound feature
Smart lifestyle technology
Select units with private elevator foyers
Available ocean to bay see-thru floor plans
Panoramic views
Tinted, tempered glass designed to meet new South Florida hurricane codes
High-efficiency central air conditioning and heating
Spacious walk-in closets
Pre-wired cable hook-up
Pre-wired lines with multi-line capacity for telephone, fax and computer
Condo Kitchen
European-style kitchens
Signature appliances
St Regis Bal Barbour Preconstruction Condos - Hotel Amenities
Luxurious La Reméde Spa
State-of-the-art fitness center
World-class signature restaurant
Heated oceanfront swimming pool and spa
Lushly landscaped grounds including public gardens and sculptures
Decorative fountains and pool features
24-hour signature St. Regis butler and concierge services
Conference room/meeting rooms
Business Center
St Regis Bal Harbour - Hotel Room Features
Rooms will be at a 45-degree angle from building, enabling unobstructed direct ocean views from each unit
Average room size of 740 SF
Spacious whirlpool tub
Custom seamless enclosed glass shower with marble flooring and wet wall
Elegant marble flooring in wet areas
Fine European cabinetry
Granite vanity top with double porcelain sink
Full-width mirror over vanity
Business Center
Contemporary designer faucets
Elongated water closet
European-style bidet with coordinating faucets
St Regis Floor Plan Summary
| St Regis Bal Harbour - North Tower |
| Model |
Square Feet |
Bed/Baths |
View |
| St Regis Model A |
Interior 3,884
+ Bal. 1,132
Total = 5,016 |
3 + Media Room/3.5 |
East, North
and West
(Corner) |
| St Regis Model B Mod |
Interior 3,070
+ Bal. 1,071
Total = 4,141 |
3/3.5 |
East and West |
| St Regis Model B |
Interior 3,459
Bal. 1,071
Total = 4,530 |
3/3.5 |
East and West |
| St Regis Model C Mod |
Interior 3,070
+ Bal. 1,071
Total = 4,141 |
3/3.5 |
East and West |
St Regis
Model C |
Interior 3,459
Bal. 1,071
Total = 4,530 |
3/3.5 |
East and West |
St Regis
Model D |
Interior 1,911
Bal. 594
Total = 2,505 |
2/2.5 |
South East
(Corner) |
St Regis
Model E |
Interior 1,777
Bal. 455
Total = 2,232 |
2/2 |
South West
(Corner) |
| St Regis Bal Harbour - Hotel Tower (Center): Click Here |
| Model |
Square Feet |
Bed/Baths |
View |
| St Regis Model A |
Interior 3,281
+ Bal. 1,283
Total = 4,564 |
2+Den/3.5 |
East |
| St Regis Model B South |
Interior 2,128
+ Bal. 683
Total = 4,141 |
2/2.5 |
South East |
| St Regis Model B North |
Interior 2,128
Bal. 683
Total = 4,530 |
2/2.5 |
North East |
| St Regis Model C South |
Interior 2,413
+ Bal. 683
Total = 4,141 |
2/2.5 |
South East |
St Regis
Model C North |
Interior 2,413
Bal. 683
Total = 3,096 |
3/3.5 |
North East |
St Regis
Model D North |
Interior 1,817
Bal. 455
Total = 2,272 |
2/2.5 |
North East |
St. Regis
Model D South |
Interior 1,817
Bal. 455
Total = 2,272 |
2/2.5 |
North East |
St Regis Floor Plan Summary
| St Regis Bal Harbour - South Tower : Click Here |
| Model |
Square Feet |
Bed/Baths |
View |
| St Regis Model A |
Interior 3,884
+ Bal. 1,132
Total = 5,016 |
3 + Media Room/3.5 |
East, North
and West
(Corner) |
| St Regis Model B Mod |
Interior 3,070
+ Bal. 1,071
Total = 4,141 |
3/3.5 |
East and West |
| St Regis Model B |
Interior 3,459
Bal. 1,071
Total = 4,530 |
3/3.5 |
East and West |
| St Regis Model C Mod |
Interior 3,070
+ Bal. 1,071
Total = 4,141 |
3/3.5 |
East and West |
St Regis
Model C |
Interior 3,459
Bal. 1,071
Total = 4,530 |
3/3.5 |
East and West |
St Regis
Model D |
Interior 1,911
Bal. 594
Total = 2,505 |
2/2.5 |
South East
(Corner) |
St Regis
Model E |
Interior 1,777
Bal. 455
Total = 2,232 |
2/2 |
South West
(Corner) |
St Regis - Purchase Information
To purchase a unit at the St. Regis Please follow the steps below.
1. Print and fill out the MiamiRealEstateTrends.com
St Regis Preconstruction Condos Reservation Form
2. Complete the registration Form and Fax it back our firm at 786 524-4644
3. Upon receipt of the above one of our sales agents will contact you with further instructions regrading your potential purchase at the St. Regis
4. A check made Payable to the Escrow agent (Chicago Title and Insurance Co. for 10% of the purchase price of your unit will be required with the developer Reservation Form (Which will be E-mailed to you).
5. A second 10% will be payable at ground breaking some time between May and August of 2006. (However the developer reserves the right to request the second 10% sooner than that so please be prepared.
6. Signing of Developer contracts and Condo docs disclosure at any time from approx Feb. 2006 unitl May 2006.
7. Construction to be completed Late 2008 / Early 2009.
NOTE: All reservation agreements, floor plans, prices and any other information will only be released once you have registered.
Maint. estimated to be $0.80 - $1.00 per square foot for the North and South Tower and
$2 to $3 per square foot for the Hotel Tower. (These are only Estimates and not hard figures. Please check your condo documents for all information relevant to the project. Our firm does not warrant any information provided by the developer.)
We look forward to providing you with the service and attention your deserve and demand.
St Regis Bal Harbour Additional Info Request Form
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