Miami’s Related Group, together with Sagi’s Globe Invest and BH Group, has announced their plans to build a luxury condo project on Miami Beach’s Six Fisher Island Drive. The new condo development site is a 10-story building with 57 luxury residential units targeting the ultra-discerning buyer.
6 Fisher Island Drive has been acquired by the Chicago-based Wanxiang America Re Group, Teddy Sagi, BH Group, and Related Group to develop a luxury residential project. The group paid more than $100 million for the development site located on one of the most prestigious and secluded islands in Miami Beach.
South Florida’s Related Group is one of the largest developers of high-end condominiums in the United States. Founded in 1979 by Jorge Pérez, the company has developed some of the most iconic buildings in Miami. It has partnered with some of the world’s most celebrated architects, including Carlos Ott, Philippe Starck, and David Rockwell.
Miami Beach’s Fisher Island: A Place of Old Money, New Money, and No Trespassing
Fisher Island is a 170-acre private island just off Miami Beach’s coast. Accessible only by boat or ferry, the island is home to some of the wealthiest people in the world. Fisher Island has the highest per capita income of any zip code in the United States.
The island was initially developed in the 1920s as a private getaway for the country’s wealthiest families. Today, Fisher Island is home to a mix of old and new money residents, including hedge fund managers, Wall Street bankers, and Hollywood celebrities.
A private golf course and a beach are the one thing that all Fisher Island residents have in common.
Now that a new Fisher Island Miami Condo is in the works, even more, people will have the chance to call this unique place home. The new condo development at 6 Fisher Island Drive is one of Miami’s most exclusive addresses.
The projected price point for the units is $30 million, making it one of the most expensive condo developments in South Florida. Meanwhile, penthouses are expected to start at $60 million.
Residences will range from 3,800 square feet to more than 12,000 square feet. Amenities will include two pools, a spa, a fitness center, and a restaurant.
Exclusivity and privacy are what makes Fisher Island so unique, and the new Miami condo construction will uphold these values.
The sales event will be invitation-only and occur before the year ends.
Developers That Guarantee Unmatched Quality
Related, Sagi and BH Group have also recently acquired sites in West Palm Beach and North Miami, which they hope to begin developing soon.
Aside from 6 Fisher Island, Related has also developed some of the most iconic buildings in Miami, such as the Baccarat Residences Miami, The St. Regis Residences Miami, and Apogee
Teddy Sagi’s Globe Invest has a strong presence in Europe, where they have invested in a diverse portfolio, such as technology and real estate.
The BH Group is a Miami-based investment firm involved in some of the city’s most high-profile real estate deals.
Regarding development, these three companies share a commitment to quality and excellence.
Josh Stein, a luxury realtor who has sold properties on Fisher Island in the past, says that the new development will surely be a success.
“The Related Group is one of the most well-respected developers in South Florida,” Stein says. “They have a track record of delivering quality projects that meet and exceed the expectations of even the most discerning buyers. I do not doubt that their new project on Fisher Island will be one of the most successful developments in Miami.”
The team behind the new development is expected to release more information in the coming weeks. In the meantime, those interested in learning more about this project or any other such as Residences by Armani Casa in Miami can contact Josh Stein by visiting his website.