RELATED GROUP AND INTEGRA INVESTMENTS CLOSE ON $527 MILLION IN CONSTRUCTION FINANCING FROM TYKO CAPITAL FOR ST. REGIS RESIDENCES, MIAMI IN BRICKELL
The loan will fund the construction of the 50-story ultra-luxury condominium tower, which is slated to reach completion in 2027.
The loan will fund the construction of the 50-story ultra-luxury condominium tower, which is slated to reach completion in 2027
MIAMI, FL (Sept. 4, 2024) – Leading real estate developer Related Group (Related) with Integra Investments (Integra) today announced the closing of $527 million in financing for the highly-anticipated residential tower, St. Regis Residences, Miami (The Residences), on the Biscayne Bay waterfront in Miami’s South Brickell neighborhood. The loan was provided by TYKO Capital, a multi-billion-dollar commercial real estate private equity and private credit investment management platform, led by Adi Chugh.
“We’re pleased to partner with TYKO Capital to obtain one of the most substantial residential construction loans in South Florida’s history,” said Nick Pérez, President of Related’s Condominium Division. “This achievement underscores investors’ trust in Miami’s thriving residential market and, notably, in the distinguished St. Regis brand. The St. Regis Residences, Miami redefines luxury living, bringing an elevated lifestyle to the Brickell waterfront. With unparalleled amenities, spectacular views and impeccable service, every aspect is curated to surpass resident expectations.”
Located at 1809 Brickell Ave., The Residences is being brought to life by a visionary team, with architecture by the esteemed Robert A.M. Stern Architects (RAMSA) and interiors by the highly acclaimed Rockwell Group. This striking property marks the first residential development in South Florida for RAMSA, which Drew inspiration from the elegant aesthetic of golden-age ocean liners at sea, merged with the modern allure of skyscrapers. The 50-story tower will feature 152 condominium homes ranging from two to six bedrooms, including penthouses, skyvillas and two stand-alone garden villas, creating a once-in-a-generation building that offers a bespoke experience synonymous with the St. Regis brand’s unmatched, historic five-star services.
About Integra Investments
Founded in 2006, Integra Investments is a Miami-based full-service real estate investment and development firm. As part of its services, the company conducts acquisitions, development, construction management and asset management for real estate ventures. Since its founding, Integra has executed or is under development on over $2.3 billion of real estate developments. Its focus is on the residential, office, mixed-use, land, and marina asset classes, targeting high value-add and opportunistic investments in niche markets. For more information, visit:
About Tyco Capital
TYKO Capital (“TYKO”) is a multi-billion-dollar Commercial Real Estate Private Equity and Private Credit Investment Management Platform, which is a joint venture between Adi Chugh & a Florida-based hedge fund. TYKO was established in August 2023 to capitalize on the void in the CRE capital markets caused by the current macroeconomic environment, focusing on institutional borrowers and institutional assets, in top-tier markets. TYKO’s focus and reach in the CRE space is unique, given the firm’s proprietary deal-sourcing capabilities and ability to commit large amounts of capital to institutional deals. TYKO invests across the entire capital stack (Senior Financings, Whole Loan Financings, Junior / Mezz, Pref Equity, LP Equity, GP Equity) — and across all asset classes.
About Related Group
Established in 1979, Related Group is Florida’s leading developer of sophisticated metropolitan living and one of the country’s largest real estate conglomerates. Since its inception more than 40 years ago, the company has built, rehabilitated, and managed over 100,000 condominium, rental, and commercial units. The firm is one of the largest privately owned businesses in the United States with a development portfolio worth more than $40 billion. Currently, Related Group has 90+ projects in varying phases of development. The company has earned international status for its visionary designs and development of luxury condominiums, market-rate rentals, mixed-use centers, and affordable properties – all built with the goal of positively impacting neighborhoods and improving quality of life across all demographics. Related Group has redefined real estate by diversifying both its products and buyers, expanding internationally while also sponsoring public art installations that enhance cities’ global culture and streetscapes. For more information, please visit: relatedgroup.com
