Another major brand is joining the growing pipeline of luxury condo developments in North Bay Village.
Coconut Grove-based Related Group and New York-based Macklowe Properties are in talks with Ritz-Carlton to brand their planned waterfront project on Harbor Island, sources told The Real Deal. The developers secured approval for the two-tower development at two village commission meetings in July and September.
Commissioners this summer passed a zoning ordinance that will allow the developers to build two 500-foot, 43-story waterfront towers at 8000 East Drive and 7946 East Drive via a special area plan. The project calls for 364 condos and nearly 800 parking spaces, or about two parking spaces per condo.
Related is leading development of the project via its affiliate, Harbor Island Development Company. It will mark Macklowe’s first development in South Florida.
The project will take up the northern tip of Harbor Island west. The developers also plan a 9,000-square-foot public park and a 42-slip private marina. Arquitectonica, led by Bernardo Fort Brescia, is the architect.
A spokesperson for Marriott International, which owns the Ritz-Carlton brand, did not immediately respond to a request for comment. Related also did not respond to a request for comment.
Related and Macklowe assembled more than 4.1 acres, which include the Biscayne Sea Club co-op and the Majestic Isle condo building. An entity linked to the developers paid $47.7 million for Biscayne Sea Club in late 2023 after a drawn-out and litigious sale process with the co-op community.
The developers also bought out unit owners at the Majestic Isle condo building, which had been declared unsafe. Last summer, a Related-Macklowe entity terminated the Majestic Isle condo association, a legal process required to eventually tear down and redevelop the site.
Ritz-Carlton has branded other luxury condo buildings in South Florida, including Ritz-Carlton Residences, Miami Beach and Ritz-Carlton Coconut Grove. A Ritz-Carlton Residences, South Beach is planned as well.
North Bay Village is part of the branded residential boom taking over many of South Florida’s coastal markets. Planned projects in the three-island town include Mikael Hamaoui’s 30-story, 70-unit Pagani-branded condo tower at 7940 West Drive, also on Harbor Island.
The Eichner family’s New York and North Bay Village-based Continuum Company also plans two condo towers, a 200-key Continuum hotel and marina on 4.5 acres in North Bay Village that include the former Shucker’s and Best Western property.
The largest project announced is the planned, phased, 14-acre redevelopment by the billionaire Ansin family’s North Bay Village-based Sunbeam Properties into 7.3 million square feet of development, which is expected to include roughly 2,000 residential units, 300 hotel keys and commercial space.
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