The first tower broke ground in July 2003. It is sold out andwill reach completion next March. The second, central towerfollowed with groundbreaking this June. It is 99% sold, andoccupancy begins in May 2006. Beach Club III is scheduled forcompletion in July 2006. A spokesman for Related Group tellsGlobeSt.com that it breaks ground with 88% of the unitspresold.

Construction costs are $144.5 million, $172.4 million and $177.2million for Phases I, II, and III, respectively, taking the overallcost of the development to $494.1 million. Prices for the condounits 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-sftwo-bedroom/den configurations along with penthouses that rangefrom 2,200 sf to 3,200 sf, each with rooftop terraces.

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