Will this luxury Brickell condo build a marina on city-owned submerged land?

Real Estate Newsletter admin September 11, 2026 0 Comments

Will this luxury Brickell condo build a marina on city-owned submerged land?

Marina space has become one of Miami-Dade’s hottest commodities.

With long waitlists at marinas across the county and a shortage of slips able to accommodate the region’s growing number of megayachts, developers and private individuals have been pushing to build more marinas and larger slips.

And the St. Regis Residences, Miami, a luxury condo tower being built in Brickell, may be the next to join the marina craze.

An item approved at a Miami City Commission meeting on Thursday clears the way for the developers behind the project to start submitting permit applications for a “proposed marina and related facilities on certain city-owned submerged lands.” The submerged land would need to be leased from the city.

The item passed without discussion on Thursday. The condo tower at 1809 Brickell Ave. is in District 2 Commissioner Damian Pardo’s district. The commissioner’s spokesperson did not immediately respond to the Miami Herald’s request for comment on the item or questions about the timeline and next steps.

Developers Related Group and Integra Investments are building the tower, which will rise about 50 stories. Construction on the site began about two years ago and is expected to be completed next year.

Last year, the Herald learned that a potentially 3,500-year-old Native American cemetery had been discovered on the site during the construction process.

A penthouse at the St. Regis’ went under contract for $47 million in July, in what will likely be one of the year’s priciest condo transactions. Related Group said the 10,000-square-foot penthouse was being purchased by a family relocating from New York to Miami.

It’s unclear how many slips the developer wants to build, or what size boats they would accommodate. Related Group did not comment on the commission’s decision Thursday.

South Florida is already one of the nation’s boating capitals, with upwards of 70,000 vessels registered in Miami-Dade alone. And as the region gains wealthy residents, that number is likely to rise. Several planned marina projects across the county are aimed at meeting the growing demand for dockage.

Developer David Martin’s Terra Group is planning to invest $100 million into redeveloping the shuttered Miami Seaquarium site on Virginia Key. His plans include a marina that could accommodate yachts up to 200 feet long.

Miami voters will vote in November on the proposed redevelopment of the Rickenbacker and Marine Stadium marinas, also on Virginia Key.

Billionaire hedge fund manager Ken Griffin has received approval to build a private marina just off the MacArthur Causeway on Terminal Island. The proposal includes plans for a helipad, in addition to dockage for his 308-foot yacht Defy.