$2 Billion Bahia Mar Marina Development Aims to Transform Fort Lauderdale into a “Mini Monaco”

Fort Lauderdale is set to redefine its global standing with a transformative $2 billion redevelopment of the iconic Bahia Mar marina. Spearheaded by the Related Group, in partnership with Rok Acquisitions and Tate Capital, this ambitious project aims to establish a “mini Monaco” in South Florida, offering unparalleled luxury and sophistication to the region.

The development will span 40 acres of prime waterfront land and water, featuring a five-star St. Regis hotel with 200 guest rooms, multiple condo towers, and a host of high-end amenities. The existing DoubleTree hotel will be replaced, making way for this luxurious upgrade. The project will also include a beach club, 88,000 square feet of waterfront commercial space, a public park along the Intracoastal, and a 25-foot-wide pedestrian promenade.

With yacht slips accommodating vessels up to 350 feet, the marina is poised to enhance Fort Lauderdale’s reputation as the yachting capital of the U.S. The Bahia Mar marina is already home to the Fort Lauderdale International Boat Show, the nation’s largest yacht exhibition.

“Fort Lauderdale and South Florida have been waiting for a destination with a Monaco-like feel,” said Nick Perez, president of the condominium division at Related Group. “This development fills a long-standing gap in the market.”

The residences, marketed by Douglas Elliman, will target global yacht owners and affluent buyers, with condos starting at $4.4 million. The project is slated for completion by late 2029, promising to blend luxury living with vibrant public spaces for both locals and visitors.

This development not only elevates Fort Lauderdale’s luxury landscape but also underscores its growing appeal to international clientele, setting a new standard for waterfront living in South Florida.