HALLANDALE BEACH, FL-Related Group of Florida has broken ground on the Beach Club III, the third and final high-rise condominium under development by the Coral Gables-based firm on an 8.8-acre stretch of South Ocean Drive here. It is a 43-story, 389-unit building that joins 386-unit Beach Club I to flank the 480-unit Beach Club II. Together the complex has an aggregate of 1,255 units and spans 825 feet of ocean frontage.

The first tower broke ground in July 2003. It is sold out and will reach completion next March. The second, central tower followed with groundbreaking this June. It is 99% sold, and occupancy begins in May 2006. Beach Club III is scheduled for completion in July 2006. A spokesman for Related Group tells GlobeSt.com that it breaks ground with 88% of the units presold.

Construction costs are $144.5 million, $172.4 million and $177.2 million for Phases I, II, and III, respectively, taking the overall cost of the development to $494.1 million. Prices for the condo units in the complex begin in the $400,000s and reach to more than $2 million. They range in size from 811-sf studios to 2,100-sf two-bedroom/den configurations along with penthouses that range from 2,200 sf to 3,200 sf, each with rooftop terraces.

Seiger Suarez Architects designed the buildings as a trio and Yabu Pushelberg is the interior design firm. Both companies have worked on numerous Related Group projects in South Florida. Amenities at Beach Club include a 50,000-sf private club that contains a fitness center, spa and restaurant that provides indoor and outdoor beachside dining.

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