Related Group and Macklowe Properties have approval for a 364-unit Ritz-Carlton Residences across two 43-story towers on Harbor Island in North Bay Village, per The Real Deal. What I tell buyers is that a branded name and a strong developer matter, but with no pricing released yet, this is an early interest-list moment. Get on the list, then judge it on the deposit schedule and delivery timeline, not the brand alone.
The Ritz-Carlton name is coming to one of Miami's smaller bayfront communities. Related Group and Macklowe Properties have won approval to build the Ritz-Carlton Residences North Bay Village, a two-tower project of 364 branded condominiums on Harbor Island, per The Real Deal. The towers are designed at 43 stories and roughly 500 feet, with a private marina, a public waterfront park, and open Biscayne Bay views mid-causeway between Miami and Miami Beach. For pre-construction buyers, it is one of the more closely watched branded launches heading into the back half of 2026.
Branded pre-construction is the lane I spend the most time in, and my read on a project like this is simple: the name and the developer track record earn it a serious look, but the deal is made or lost on the terms. When a buyer asks me about North Bay Village specifically, I tell them the same thing I tell anyone on an early interest list. Get in early enough to see the first floor pricing and the deposit schedule, then judge the contract on the delivery date and the developer's history of finishing on time, because a branded logo on the door does not de-risk a construction timeline.
What Related and Macklowe Are Building
Start with the plan itself, because the numbers set the expectations. Related Group and Macklowe Properties have approval for two 43-story towers rising about 500 feet on Harbor Island in North Bay Village, holding a combined 364 branded condominiums and designed by Arquitectonica, per The Real Deal. The site programs a 42-slip private marina, a roughly 9,000-square-foot public waterfront park, and about 800 parking spaces. What is not public yet is the part buyers care about most: floor plans, unit sizes, and pricing have not been released. Here is the project at a glance:
| Ritz-Carlton Residences North Bay Village | Detail |
|---|---|
| Developers | Related Group and Macklowe Properties |
| Scale | 2 towers, 43 stories, 364 residences |
| Location | Harbor Island, North Bay Village |
| Waterfront features | 42-slip marina, 9,000 sq ft public park |
| Source | The Real Deal, 2025 |
How to Approach a Branded Pre-Construction Launch
If you are eyeing North Bay Village or any branded pre-construction tower this cycle, here is how I walk clients through it:
- Get on the interest list before pricing drops: The first buyers see the earliest floor pricing and the best unit selection. With no pricing public yet, this is exactly that moment. The new developments tracker is where I keep clients current on which branded projects have opened their sales galleries.
- Read the deposit schedule as carefully as the price: Miami pre-construction typically staggers deposits over the build. The pre-construction buying-process guide lays out how the deposit timeline works so your capital is not locked up faster than you planned.
- Weigh the developer's track record on delivery: A branded name does not guarantee an on-time building. Related has a long South Florida history, but I still tell buyers to confirm realistic completion dates. The condo financial-health guide is where I start every building review.
- Plan for the full cost of ownership: Branded residences carry higher HOA fees for the hotel-level service, on top of taxes and insurance. The true cost of owning a Miami luxury condo guide breaks the numbers down so the branded premium does not surprise you later.
- If you are a foreign buyer, structure early: Cross-border purchases need the right entity and financing plan before you sign. The tax guide for international buyers covers the country-by-country angle so the paperwork is ready when the gallery opens.
"A branded logo on the door earns a project a serious look, not a blank check. I tell buyers to judge North Bay Village on the deposit schedule, the delivery date, and the developer's history of finishing on time. The name is the easy part. The terms are where the deal is actually won or lost."Gerardo Gonzalez, Licensed Real Estate Agent at Compass
The Trap to Avoid: Buying the Brand, Not the Terms
The risky version of this story is the buyer who sees the Ritz-Carlton name, assumes the project will only get more expensive, and signs the first contract put in front of them. Two facts cut against that. First, sales have not officially launched and no pricing is public as of June 2026, per The Real Deal, so there is nothing to overpay for yet. Second, the broader Miami condo market is a buyer's market, with statewide condo inventory running near 14 months of supply in mid-2026, per Florida Realtors, so patient buyers keep leverage even in a branded launch. Compare the terms against delivered inventory, and use the new developments tracker to see what else is selling nearby.
How to Act on the North Bay Village Launch
The practical path is straightforward. Get on the interest list now so you see the first floor pricing and deposit terms the moment the sales gallery opens, then judge the contract on its fundamentals: the deposit schedule, the realistic delivery date, the developer's track record, and how the branded HOA fees fit your carrying-cost budget. If you are a foreign buyer, layer in country-specific structuring from the international-buyer tax guide before you sign. A branded launch is worth watching closely, not a reason to sign the first contract you see. If you want a read on this building or a nearby comparable before you commit, reach out to me directly at (305) 964-8614.
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