BAL HARBOUR, FL-The Related Group and Starwood Resorts & Hotels are planning to break ground by the end of the year on the St. Regis Resort & Residences, Bal Harbour. The project, on nine acres at 9701 Collins Ave. at the site of the Sheraton Bal Harbour, includes 268 condominiums, 36 condo-hotel suites, 183 hotel rooms and 24 St. Regis Club Residences in three all-glass towers. The project is expected to be completed in 2010.

Related Cervera Realty Services is the exclusive sales agent for the project. The sales gallery was recently relocated from inside the Sheraton to 1133 Kane Concourse in Bay Harbor Islands. The Sheraton will be imploded in September and construction will begin shortly after that, Related Cervera Realty Services CEO Alicia Cervera tells GlobeSt.com.

Cervera says that more than 30% of the for-sale units have been sold. The project has an estimated sell-out of over $1 billion. For-sale units will have 10-foot ceilings, pre-wiring for smart technology and 11-foot-wide all-glass balconies. The project will include a 15,000-sf spa and fitness center.

When the project was announced more than two years ago, plans called for building 340 condominium units, 250 hotel-condo units and 50 fractional-ownership hotel-condo rooms. Although the size of the project has not changed, the mix of units has. "It's a signature site for Starwood," Cervera says. "They wanted to have more control over the hotel units."