Related Group and Integra Investments Secure $527 Million Loan for St Regis Miami Condos
September 6, 2024
South Florida developers Related Group and Integra Investments have secured a $527 million construction loan to build St Regis Residences in Miami. Tyko Capital, backed by Elliott Investment Management, is providing the financing for the 50-story development in Miami’s South Brickell neighborhood. The development will feature 152 condos with two—to six-bedrooms.
Nick Perez, president of Related Group’s condominium division, highlighted that the loan reflects investor confidence in Miami’s booming residential market and the prestigious St. Regis brand. Over 60% of the tower’s units are already under contract.
Located at 1809 Brickell Ave., the project will offer high-end amenities such as a fitness center, pickleball court, private marina, and indoor lap pool. Robert A.M. Stern Architects is designing the building.
Tyko Capital has been involved in large-scale lending, including a $1.2 billion financing with JPMorgan Chase & Co. for condo towers along Manhattan’s High Line and a $565 million loan for a new office tower in Miami’s Brickell area.