Posted Jan 13, 2023, 9:26 PM
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Join Date: Nov 2020
Location: Florida
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FORT LAUDERDALE | Bahia Mar Development | FT | FLOORS
Perez’s Related to Join Group Developing Florida Yacht Show Site
https://www.bloomberg.com/news/artic...acht-show-site
Quote:
Related Group, the real estate firm led by billionaire Jorge Perez, is joining a project to redevelop the site of the Fort Lauderdale International Boat Show into a $1 billion-plus luxury complex with apartments and a hotel.
Miami-based Related will partner with Tate Capital and Rok Enterprises Inc. to build a 16-acre (6-hectare) development on a waterfront site anchored by a hotel and resort that has 256 guest rooms and 60 rental apartments, according to a statement Thursday. The hotel brand has not been selected yet and the new complex will replace the existing DoubleTree hotel on the site and a giant parking lot.
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Related Group joins $1B-plus Bahia Mar project in Fort Lauderdale
https://therealdeal.com/miami/2023/0...rt-lauderdale/
Quote:
A larger version of the project was approved in 2017, but the developer faced legal challenges and the city rejected its plans as recently as 2021.
The master plan for Bahia Mar calls for a luxury 256-key branded resort with 60 condos, 350 residential units in four towers, a mega yacht marina with 245 boat slips, 87,000 square feet of commercial space, including waterfront offices and restaurants, retail and captain’s quarters, according to a press release and the previous approval.
Arquitectonica is designing the project, which also calls for a waterfront pedestrian boardwalk and greenspace, and access to the 35,000-square-foot Marina Village.
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Related is calling this the, "largest selling project to date."
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