Bal Harbour Tower #5A

St. Regis Bal Harbour Resort Makes Waves With Feature In Travel and Leisure’s “It List”

So far, the Bal Harbour enclave boasted of crisp sandy beaches, a high-end shopping arena and luxurious residences; however, the St. Regis came along and eased itself into being the new crowning glory of the Miami Beaches. Its recent accomplishment, making it to the coveted pages of Travel and Leisure Magazine has only reaffirmed its status as the new crowned prince of Bal Harbour. The **St. Regis Bal Harbour** Resort has been picked by magazine editors to feature in the “It List” of 50 Best New Hotels in 2012. So, what is **St. Regis Bal Harbour** Resort’s claim to fame? * Being a true, grand luxury hotel in the Miami-Dade area with a towering presence times three and 243 rooms dedicated to sheer indulgence, each of which overlook the ocean beyond. * A flowing design structure complemented by interiors designed by the world famous Yabu Pushelberg that are reminiscent of an opulent, grand manor. A cool, soft color palette enhanced by rich textures like custom woven carpets, bronze screens, Chinese God Flower Stone marble and much more. * 1,000 feet of oceanfront, 12,000 sq. ft. of indulgence with the Remède Spa, four pools to cool off in, private cabanas to unwind at and a selection of over 2,500 exquisite wines to choose from. * A celeb powered restaurant and poolside grill catered to by Jean-Georges Vongerichten for the finest Mediterranean delicacies. * And, of course the world renowned St. Regis signature butler service that keeps one coming back for more. The **St. Regis Bal Harbour** Resort is not only making a splash in the hospitality sector, but has also taken the **Miami beach condos** market by storm. With only about 37 condo units for sale in Miami from its Residences segment, these uber-luxurious **beachfront condos** have been priced between $1.9 to over $10 million. Take a stroll through the St. Regis Residences here.

Bal Harbour Shops Expansion Move – Pleasing Discerning Shoppers Or Need of the Hour?

The reports are out and it seems that the members of the Church by the Sea have finally given in to the persuasion of the third generation of the Whitmans, the family behind the Bal Harbour Shops, to give out the area for expansion to this trendy, urban shopping enclave. Now, whether this move has been to please Miami’s discerning shopping population, or create a better shopping experience for Bal Harbour residents, or it comes as a desperate attempt to gain some steam especially after tenants started to relocate to the Design District; in any case, we reckon **Bal Harbour condo** and home residents have much to celebrate. Matthew Whitman Lazenby has agreed to offer the Church a new building which would be twice the size of the existing one, in lieu of the piece of land which was first eyed and identified as crucial by Stanley Whitman, the man behind the Bal Harbour Shops. Though Lazenby has gone on record to state that Bal Harbour has closed April at an average sales of $2,511 per square foot, one of its best numbers in 50 years, we still think that the driving force behind the decision is the challenge thrown up the shift of focus to the Miami Design District. For those who could care less about numbers or motives, the good news is that **Bal Harbour condo** and home residents can now expect their shopping and entertainment experience to reach a new whole new level of excitement. If everything goes as planned, the Bal Harbour Shops will see an addition of 100,000 square feet of retail therapy. This shall include 50 new luxury retailers and a 90,000 sq. ft. specialty department store housing the likes of Bloomingdale’s Soho, Bergdorf Goodman and Barneys New York. **Bal Harbour condo** and home residents have one more reason to rejoice, as this move will bring a Cinebistro dine-in luxury theatre as well as a social venue by Barton G for special events closer home. The condo residents set to benefit the most out of this expansion include those at Bal Harbour 101, Bellini, Kenilworth, the Majestic Tower, the St. Regis Residences and Palace at Bal Harbour to name a few. Envy the uber-luxurious shopping and entertainment choices available to Bal Harbour residents? Browse yourself a Bal Harbour condo and move closer to the action now!

What Can You Buy for $700 Million? Almost 200 Condos in St. Regis Bal Harbour

During 2012, buyers spent almost $709 million on 185 condo units in St. Regis Bal Harbour Resort & Residences, a recently constructed oceanfront residence in Northeast Miami-Dade. With unit ranging from about 1,300 square feet all the way up to nearly 7,000 square feet, the sales of the 185 units averaged over $1,480 per square foot for the 475,000 square feet of livable space sold. On a unit basis, condo homes traded for between $1.4 million and $13.5 million apiece. The area of Bal Harbour, Surfside, and Bay Harbor Islands are already primed to receive at least one dozen new towers hosting 1,000 units to complement the St. Regis Bal Harbour’s three, 27-story towers consisting of nearly 500 condos, condo-hotels, and hotel rooms. The 205 traditional condo units are confined to the two “flanking” towers that hover at the sides of the Center Tower which houses a combined 269 units in the St. Regis Hotel. Compared to last year, the St. Regis Bal Harbour Resort & Residences has put up well over thirty condos on the market with a median asking price of $1,750 per square foot. In the whole of Bal Harbour, there are approximately 175 units up for sale with a median asking price of $600, with 35 condo units at a median price of $450 per square foot currently under contract. Last year, over 130 units were purchased in Bal Harbour at a median price of $395 per square foot. The data suggest rising property values in the Bal Harbour Market as well as the desirability of St. Regis Bal Harbour addresses with 10 times the average property values of Bal Harbour in general. Do you think the success of St. Regis Bal Harbour and the skyrocketing interest of developers in the region an indication of a new South Florida housing boom or will the sluggish economy continue to weigh heavily on the local markets? Sound off in the comments. St. Regis Bal Harbour