FORT LAUDERDALE, FLA. — A joint venture between Related Group, Tate Capital and Rok Acquisitions has unveiled plans for Bahia Mar, a $2 billion waterfront mixed-use development located in Fort Lauderdale.
The joint venture is developing the 40-acre project in collaboration with Marriott International. Bahia Mar will be anchored by two 23-story condominium towers and a 197-room luxury hotel, all operating under the St. Regis brand.
Condominiums will be offered in three- and four-bedroom configurations ranging from 2,600 to 3,550 square feet, in addition to penthouse residences across both the condominium towers and a portion of the hotel. Units will feature a private elevator foyer and sweeping views of the Atlantic Ocean.
Shared amenities in the condo towers will include a spa with steam rooms, saunas, hot and cold plunges, treatment rooms and a wellness terrace; a salon offering beauty services; an indoor/outdoor fitness center; a children’s entertainment room; library/media room; private dining and billiards rooms; and outdoor terraces with summer kitchens, a private outdoor pool, pickleball court and a multisport simulator.
The resort will also feature amenities including two pools, a fitness center, spa, outdoor amenity spaces and a signature restaurant, all of which will be available to condo owners.
The Bahia Mar development will also include 88,000 square feet of waterfront space for upscale retail, restaurants and boat docking; a public park along the Intracoastal Waterway; marina with slips for mega yachts up to 350 feet, which is set to host the Fort Lauderdale International Boat Show; private beach club; and a pedestrian promenade encircling the property.
Arquitectonica designed the project to evoke the city-state of Monaco along the French Riviera. London-based Tara Bernerd & Partners designed the interiors. A timeline for the multi-phase development was not announced.
Douglas Elliman Development Marketing will be the exclusive sales and marketing agent for the residences, with pricing beginning at $4.4 million for the condos and $2 million for the resort residences.
The joint venture agreement led by Related Group for Bahia Mar was announced in January 2023. Each member of the partnership is based locally in Miami. Related Group has developed and managed over 100,000 condominium, rental and commercial units.
Tate Capital acquires, develops and manages commercial real estate properties across the United States. The firm’s development and management history includes 5,000 condominium units, 1,500 multifamily units and millions of square feet of commercial, industrial and hospitality properties.
Rok Acquisitions is a private real estate investment group based in Aventura, Fla., and downtown Miami. The company’s portfolio includes commercial and retail space, multifamily properties, storage and warehouse facilities, historic buildings and vacant land under development.
—Katie Sloan