Related Group Starwood team with Baccarat-Branded condo project In Miami
Jun 15, 2021
Jorge Pérez's Related Group and Barry Sternlicht’s SH Hotels & Resorts will be working together on a project for the first time with a Baccarat-branded residential project in Miami’s Brickell neighborhood.
Baccarat makes crystal and has been in existence since 1764. A Baccarat Hotel & Residences at 53rd Street and Fifth Avenue in New York opened in 2015 with condominiums, a luxury hotel and a public library. That was developed by New York-based Tribeca Associates with investment from Sternlicht’s Starwood Capital Group and SH Hotels & Resorts.
Promotional materials say the Baccarat Residences Brickell will be a 75-story tower with 360 units, including penthouses and riverfront villas. The design aesthetic will “fuse 18th-century Paris and 21st-century Miami, with a 1930s Art Deco influence.” Handcrafted Baccarat crystals will grace “nearly every surface,” and signature pops of red are meant to create sumptuous environments. Completion is expected in 2024.
For complete article, please visit: www.bisnow.com/south-florida/news/construction-development/related-group-starwood-sternlicht-perez-baccarat-miami-109230
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