St. Regis Residences Miami Secures $527M Construction Loan Following Sales Milestone
The highly anticipated St. Regis Residences Miami is one step closer to becoming a reality. The 50-story luxury tower has just secured a massive $527 million construction loan, after reaching a key sales milestone. Developers Related Group and Integra Investments successfully closed the financing deal with TYKO Capital, setting the stage for full-scale construction of the ultra-luxury property.
This loan ranks among the largest residential construction financings in Florida to date. It follows two other high-profile loans in Miami this year: a $668 million loan for the Waldorf Astoria Residences in June and a $600 million loan for Brickell’s Cipriani Residences in February. These significant financial commitments reflect the booming demand for high-end residential properties in Miami's competitive real estate market.
More than 60% of the 152 exclusive condos planned for the St. Regis Residences are now in contract, highlighting the strong buyer interest in the project. As the tower continues to attract luxury buyers, it is well on its way to becoming one of the city’s most coveted addresses.
The St. Regis Residences is being designed by the acclaimed architectural firm Robert A.M. Stern Architects. Their vision for the tower draws inspiration from “the elegant aesthetic of golden-age ocean liners at sea, merged with the modern allure of skyscrapers.” This unique blend of timeless sophistication and contemporary design is set to create an iconic addition to Miami’s skyline.
As this landmark development moves forward, it will undoubtedly continue to capture the attention of the luxury real estate world. Stay tuned for more updates as the St. Regis Residences, Miami takes shape.
Key Highlights:
- $527 million construction loan secured from TYKO Capital
- Over 60% of the 152 luxury condos are already in contract
- Designed by Robert A.M. Stern Architects, merging golden-age elegance with modern skyscraper allure
- Demolition is ongoing at the site, marking continued progress
For more insights into Miami's luxury real estate market, keep following our blog for the latest updates and developments.
