Related Group and Integra Investments recently closed on $527 million in financing for the St. Regis Residences condominium tower rising on the Biscayne Bay waterfront in Miami’s South Brickell neighborhood.
The loan was provided by TYKO Capital, a commercial real estate private-equity and private-credit investment management platform.
“We’re pleased to partner with TYKO Capital to obtain one of the most substantial residential construction loans in South Florida’s history,” said Nick Pérez, president of Related’s Condominium Division. “This achievement underscores investors’ trust in Miami’s thriving residential market and, notably, in the distinguished St. Regis brand.”
Located at 1809 Brickell Ave., the 50-story tower will offer 152 condominiums ranging from two to six bedrooms, including penthouses, sky villas and two stand-alone garden villas. Over 60% of the homes are under contract. The Residences is designed by Robert A.M. Stern Architects, with interiors by the Rockwell Group.
Community amenities will include more than 50,000 square feet of indoor and outdoor spaces, including a fitness center with a pilates and yoga studio, full-size pickleball court, private marina, spa and holistic wellness center and indoor lap pool. The St. Regis Tea Room and a fine-dining restaurant led by Michelin-starred chef Fabio Trabocchi will also be available to residents.