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and said they plan a joint venture to developthe property. The , is to rise on the 10 waterfront acresthe 645-room Sheraton has occupied across the street from . The property woulx be the second St. Regis Resort & Residences in the The 169-room Fort Lauderdale property is under due to open in theseconsd quarter. Though their development deal is notyet Miami-based Related Group and White Plains, N.Y.
-based Starwood (NYSE: HOT) said they have alreadhy tapped professionals for the project: , knownm for its work impacting the Chicago skyline locao firm , known for condosw including , and in Miami Beach, all Related Groupo properties landscape architect , the original landscape designer for the Village of Bal Harbour and the Bal Harbourf Shops Steven Heyer, Starwood chievf executive officer, praised Related Group's experience in project conceptualization, mixed-use development and sales and marketing for upscale residentialo projects in South Florida.
He called thos qualities a perfect complement tohis company's ultra-luxury loyal customer base and existing, untapped real estat holdings. "We expect that this relationshipp will allow us to maximize the unrealizerd potential of ourland assets, while enhancing the strengt of Starwood's presence in this affluent market," Heyer The partners did not give an idea how large the new buildinh might be. However, amenities planned for the St.
Regis Resort Residences, Bal Harbour, include butler and concierge services, a spa and
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