- The Miami City Commission approved an item allowing developers of St. Regis Residences to request permits for city owned submerged lands.
- Severe dockage shortages across South Florida drive high end developers to pursue dedicated slips for luxury vessels.
- The 50 story Brickell tower features ultra luxury units, including a top penthouse recently under contract for 47 million dollars.
An influx of wealthy residents relocating to South Florida has created an unprecedented demand for mega yacht dockage, transforming marina slips into some of the most sought after real estate assets in the region. Facing long waiting lists and a scarcity of spaces capable of accommodating large vessels, developers are actively seeking expansion opportunities along public waterways. The Miami City Commission recently approved a measure without debate that enables the development team behind St. Regis Residences to begin filing permit applications for a proposed marina facility utilizing city owned submerged lands along Brickell Avenue…