Miami Beach is witnessing a historic transformation as a $2.5 billion redevelopment plan breathes new life into six iconic blocks of Collins Avenue. This ambitious project, spearheaded by major luxury developers, is restoring and modernizing legendary properties, turning them into world-class residential and hospitality destinations.
For investors and homebuyers, these preconstruction projects offer a unique opportunity to own a piece of Miami’s most prestigious real estate while enjoying state-of-the-art amenities and unmatched oceanfront living.
Key Preconstruction Residential Projects in South Beach
The Raleigh Rosewood Residences Miami Beach
- Developer: Michael Shvo & Deutsche Finance America
- Architect: Peter Marino
- Operator: Rosewood Hotels & Resorts
A true Miami Beach landmark, The Raleigh Hotel is being restored to its former glory with a new luxury residential component. The project will include a 17-story oceanfront residential tower offering a limited collection of high-end residences. Designed by renowned architect Peter Marino, the development integrates the neighboring South Seas and Richmond hotels, creating an exclusive three-acre beachfront compound with world-class services and private club amenities.
The Ritz-Carlton Residences, South Beach
- Developer: Sager Group & Lionstone Development
- Operator: The Ritz-Carlton
A transformation of the iconic Ritz-Carlton South Beach, this project brings an exclusive collection of branded residences to the Miami Beach preconstruction market. Future homeowners will experience five-star service, private amenities, and access to the legendary Ritz-Carlton experience in one of South Beach’s most sought-after locations.
The Shore Club Private Residences
- Developer: Witkoff & Monroe Capital
- Architect: Robert A.M. Stern Architects
- Operator: Auberge Resorts Collection
The Shore Club is undergoing a full transformation into an ultra-luxury residential community. The iconic property, designed by Robert A.M. Stern Architects, will feature a boutique collection of high-end residences with unparalleled beachfront access. Residents will enjoy world-class service from Auberge Resorts Collection, known for its commitment to refined luxury and personalized hospitality.
Why This Transformation Matters for Miami’s Preconstruction Market
South Beach has always been at the forefront of Miami’s luxury real estate market, and this large-scale revitalization cements its position as a global destination for high-net-worth buyers.
- Limited-Edition Luxury: With only a select number of residences in each development, these projects offer exclusive, once-in-a-lifetime investment opportunities.
- Historic Meets Modern: Buyers can experience the charm of Miami’s Art Deco heritage blended with contemporary architecture and cutting-edge amenities.
- Global Demand for Branded Residences: Luxury branded developments like The Ritz-Carlton and Auberge Resorts elevate South Beach’s appeal to international investors.
- Preconstruction Investment Potential: Purchasing in these developments before completion allows buyers to secure premium real estate at today’s prices, with strong appreciation potential.
Final Thoughts
The $2.5 billion transformation of these six South Beach blocks is redefining oceanfront luxury. With The Raleigh Rosewood Residences Miami Beach, The Ritz-Carlton Residences, South Beach, and The Shore Club Private Residences leading the way, this project presents an unprecedented opportunity for investors and buyers looking for the ultimate Miami Beach lifestyle.
If you’re interested in securing a unit in one of these landmark developments, contact Priority Miami Real Estate today for exclusive insights and preconstruction pricing.