Related Group, Rockpoint and Two Roads Development recently secured $424 million in construction financing for the Rivage Residences Bal Harbour, an ultra-luxury condominium tower that will bring just 56 “sky villas” to market in Miami’s Bal Harbour village. TYKO Capital provided the loan. 

Construction began in September 2024, with delivery expected in 2027. Douglas Elliman Development Marketing is handling sales, which have been strong since the project was unveiled in January 2023, backers said in a press release. 

“We welcome the opportunity to have the TYKO team work alongside Related, Rockpoint and Two Roads to bring Rivage to Bal Harbour,” Rockpoint Managing Member Dan Domb said. “With construction and sales both well underway, we look forward to delivering this unique luxury residential property in the supply-constrained greater Miami market.” 

Rivage sits between the Intracoastal Waterway and 200 feet of oceanfront. Skidmore, Owings & Merrill is the architect, and Rottet Studio is the interior designer. The residences range from 3,300 square feet to nearly 13,000 square feet and include both in-unit elevator access and private parking garages. 

Over 25,000 square feet of community amenities will be available, including a fitness pavilion with panoramic views, hammam spa with hot/cold plunge pools and private treatment rooms and pickle- and paddleball courts surrounded by landscapes designed by Enea Landscape. Other amenities include a cocktail lounge, VR-game simulator and kids’ playroom, as well as a 24/7 residential butler and lifestyle concierge.