$ 2 Billion Marina Development Aims to Turn Fort Lauderdale Into ‘Mini Monaco’

A team of developers inclined group is launching a $ 2 billion development at the year in Fort Lauderdale, Florida, Aiming to Create a “Mini Monaco,” According to Execings.

The new development at the bahia mar marina will include a Hotel and Condo Towers, Along with a Beach Club, Restaurant and Retail space, according to the plans.

“Fort Lauderdale-And South Florida in General-Has Been Waiting for a True Destination That has a Monaco-Like Feel,” said nick perez, president of the condominium division for related group. “We have the deep water marina, we have the restaurants, but we don’t have this five-store responses

Miami-Based Related Group, Controlled by Billionaire Jorge Perez, is teaming up with tate capital and rok acquisitions on the project. The Development will span near 40 acres of land and water, with multiple condo towers and a st. Regis Hotel with About 200 Guest Rooms, According to the Plans. The hotel will replace the existing doubletree hotel on the site.

The development caps years of failed efforts to redeevelop bahia mar, a sprawling yacht marina that has helped make fort lauderdale the yacht capital of the us the bahia mar is also host to the forths at show, the nation’s largest yacht show, which starts Wednsday.

The Bahia Mar Land is Owned by the City of Fort Lauderdale and leased to an entity led by development jimmy tate and his family. Plans by the tats and rok acquisitions to develop the property werears by fort lauderdale Residents and Local Officials, WHO Opposed The Large Scale of the Product. The new plan called for scled-dewn buildings and more public amenities.

Along with the condo towers and hotels, the plan calls for 88,000 Square Feet of Waterfront Commercial Space, with restaurants, boat docking, a public park along the intracoastal and a 25- foot-on-the-foot-foot-foot-on Peedstriade. The Marina will have slips for yachts up to 350 feet.

Perez Said Since 65% of the Visitors to the Fort Lauderdale International Boat Show Are From Overseas, Mainly Europe and Latin America, The Development will draw from a global clobal clobal ASTS.

“There is no facility in south florida where you can have a Residential Unit, Have A Hotel, Amazing Food and Beverage and Your Mega Yacht or Regular Yacht, Whatever Kind of Boat You Own, Literally in SAID.”

The project is Scheduled to Open Sometime in Late 2029.