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BAL HARBOUR, FL-The Related Group and Starwood Resorts & Hotels have started construction of the St. Regis Resort & Residences, Bal Harbour. The condo-hotel project will rise on the site of the former Sheraton Bal Harbour.

The project, on nine acres at 9701 Collins Ave., includes 268 condominiums, 36 condo-hotel suites, 183 hotel rooms and 24 St. Regis Club Residences in three 27-story all-glass towers on 1,000 feet of beachfront. The project is expected to be completed in 2010. Each tower will have its own private lobby entrances, security, valet and covered parking.

Related Cervera Realty Services is the exclusive sales agent for the project. The sales gallery is located at 1133 Kane Concourse in Bay Harbor Islands. 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.

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