Related Group, Dezer, and BH Group Plan 62-Story Sunny Isles Beach Tower

Three of South Florida's most powerful development groups have joined forces for what will become one of the tallest and most significant residential towers in Sunny Isles Beach. Related Group, Dezer Development, and BH Group are planning a 62-story, 820-foot tower with 145 ultra-luxury units on a 2-acre oceanfront site that formerly housed the Miami Beach Club. The site is 19051 Collins Avenue. The City Commission approved the project in February 2026 under Zoning Resolution 26-Z-221, and the two delivery figures on the record do not agree: the zoning submittal targeted December 2031, while BH Group's own project page now says construction begins in the third quarter of 2027 with completion expected by 2030. The $131.8 million site acquisition signals the scale of ambition here.

This is not a speculative filing or an early-stage concept. The approvals are in place. The developer group represents combined experience of hundreds of luxury towers across South Florida. And the site, one of the last 2-acre oceanfront parcels in Sunny Isles Beach, creates a natural competitive moat that future projects cannot replicate. The question for buyers is not whether this project will get built. It is whether the positioning, the timeline, and the market conditions make this the right entry point for one of Sunny Isles' most consequential developments.

Project Overview: The Essentials

"I track every major Miami pre-construction project monthly. The ones I put on my radar are the ones my Compass buyers ask me about. I am never recommending what I have not personally verified."Gerardo Gonzalez, Licensed Real Estate Agent at Compass

Before analyzing the developer group, the competitive landscape, and the market dynamics, here are the fundamentals. The tower will rise on the former Miami Beach Club site, a 2-acre oceanfront parcel that the developer group acquired for $131.8 million.

At 145 units across 62 stories, the density is remarkably low. That translates to approximately 2.3 units per floor on average, which means most floors will have just two or three residences. For a tower of this height, that level of exclusivity is significant. Compare to Sunny Isles Beach projects like Porsche Design Tower at 132 units across 60 stories or Turnberry Ocean Club at 154 units across 54 stories. This project matches or exceeds the exclusivity profile of every major tower in the submarket.

The tower is topped by two full-floor penthouses. Neither the developer nor the approval record publishes their square footage, so I am not going to put a number on them. Residences across the building are planned to run from three to six bedrooms, per Florida YIMBY. No pricing has been released for any unit, penthouses included.

The Developer Group: Three Powerhouses

The joint venture structure of this project is unusual and worth examining in detail. Three independent, well-capitalized developers bringing their respective strengths to a single project creates a development team with exceptional depth.

Related Group is led by Jorge Perez and is arguably the most prolific luxury residential developer in South Florida's history. Their portfolio spans decades and includes landmark projects across Miami, from the Related Group towers in Brickell to St. Regis Residences in Sunny Isles. Jorge Perez's involvement in any project signals serious intent, significant capital, and a track record of delivery that few developers can match.

Dezer Development is the dominant developer in Sunny Isles Beach, having built multiple iconic towers on the barrier island including the Porsche Design Tower, Residences by Armani/Casa, and several other branded luxury projects. No developer knows Sunny Isles Beach better than the Dezer family. Their local expertise, entitlement history, and contractor relationships in this specific submarket give the project an operational advantage that outside developers would struggle to replicate.

BH Group is a Brazilian-American investment firm with significant real estate holdings in South Florida, including involvement in several luxury residential and mixed-use projects. BH Group brings international capital relationships and a buyer network that extends into Latin America, a critical demand source for Sunny Isles Beach luxury product.

The combination of Related Group's scale, Dezer's Sunny Isles expertise, and BH Group's international capital network creates a development team that is arguably the strongest ever assembled for a single Sunny Isles Beach project.

The Site: Why 2 Acres Matters

Real estate is ultimately about land, and this project's 2-acre oceanfront site is its most irreplaceable asset. Sunny Isles Beach is a narrow barrier island with limited remaining developable oceanfront parcels. Most of the island's prime oceanfront has already been developed with towers over the past two decades. Finding a 2-acre assemblage with direct ocean access and entitlements for a 62-story tower is exceptionally rare.

The $131.8 million acquisition price reflects that rarity. On a per-unit basis, the land cost alone is approximately $909,000 per unit before a single dollar is spent on construction. That land cost basis establishes a pricing floor that will position this project firmly in the ultra-luxury segment. Developers do not acquire sites at $131.8 million to build moderately priced condominiums.

The 2-acre footprint also means substantially more ground-level amenity space than typical Sunny Isles Beach towers, which often sit on narrower lots. The padel court, sculpture garden, outdoor spa, and oceanfront pool all benefit from the site's generous footprint. Residents will have an outdoor amenity experience that is closer to a resort than a typical condo building. That is a direct function of the site size, and it cannot be replicated by competitors on smaller parcels.

Amenity Program: Designed for 145 Households

The amenity program for 145 ultra-luxury units needs to be considered in context. These are not amenities designed for 400 households. They are designed for 145, which means usage pressure is dramatically lower and the per-resident investment is dramatically higher.

The padel court is a telling amenity choice, and this is my read rather than a published statistic: in the showings I run, padel is the amenity international buyers now ask about by name, where a few years ago the question was tennis. Including a full court signals that the developer group is programming for the buyer it actually expects. It is a small detail that speaks to the overall approach.

The sculpture garden is another differentiator. Public art installations are common in commercial developments, but a private sculpture garden designed for 145 households creates a cultural dimension that most residential buildings lack entirely. For buyers who collect art or value cultural programming in their living environment, this is a meaningful amenity rather than a marketing talking point.

Competitive Positioning: Sunny Isles Beach Ultra-Luxury

Sunny Isles Beach has established itself as South Florida's premier destination for ultra-luxury branded and unbranded towers. The competitive set is formidable, and buyers evaluating this project need to understand how it stacks up against existing and upcoming product.

Those three sets of figures all come from the same place, the City of Sunny Isles Beach approved-developments record, which is why I am using them rather than marketing sheets. The most relevant comparison is Bentley Residences, also a Dezer project, also 62 stories. The key differences are the developer consortium (three groups versus one), the site size (2 acres versus a standard lot), and the unit count (145 versus 216). The Related/Dezer/BH tower will be more exclusive per floor, have more ground-level amenity space, and carry the combined reputational weight of three major developers.

Against the delivered Porsche Design Tower, the new project benefits from newer construction and a larger site. I am deliberately not quoting resale numbers for the neighbouring towers: those figures move constantly and the ones in circulation are not published by a source I would cite. Porsche Design Tower's car elevator gave it a defining feature, and this project will need its own. The two full-floor penthouses and the sculpture garden may serve that purpose, but the final design details will determine whether it lands the same way.

Market Context: Sunny Isles Beach in 2026

Sunny Isles Beach occupies a distinct position in Miami's luxury market, and the submarket draws heavily from international buyers. I am not going to quote a share of all-cash sales here, because I could not find a figure for this submarket published by a source I am willing to name. What is on the record for this project is its cost structure: hard construction costs of approximately $294 million and total development costs of approximately $351 million, per Florida YIMBY. A budget of that size, on top of $131.8 million of land, is what sets the pricing the building has to achieve.

The stated completion, 2030 on the developer's own page and December 2031 in the zoning submittal, means buyers are committing capital on roughly a five-year horizon. That is a meaningful timeline in any real estate market, and it introduces both opportunity and risk. The opportunity is that early buyers in pre-construction typically secure pricing below what the delivered product commands. The risk is that macro conditions, construction costs, or market dynamics can shift significantly over five years.

For Sunny Isles Beach specifically, the supply pipeline is a relevant consideration. Bentley Residences is under construction. This project will break ground in the coming years. Several smaller projects are in various stages of planning. The total number of new ultra-luxury units entering the Sunny Isles Beach market between now and 2032 will be substantial. Buyers should evaluate not just this project in isolation but the cumulative supply impact on pricing and absorption.

Risk Factors and Honest Assessment

The delivery timeline is the most significant risk factor for buyers, and the fact that the two figures on the record disagree by more than a year is itself part of that risk. Five years is a long time to have capital committed to a pre-construction project. During that period, interest rates, immigration policy, international capital flows, and construction costs can all shift in ways that impact the project's market position at delivery. Buyers must have genuine long-term conviction in both Sunny Isles Beach and this specific project to commit at this stage.

The $131.8 million land cost creates a high floor for unit pricing. While this protects against the developers underpricing the product, it also means that if the ultra-luxury market softens over the construction period, the developers have limited room to adjust pricing downward. The economics of the deal require premium pricing at delivery.

The three-developer joint venture is a strength in terms of capital and expertise but can create decision-making complexity. Three independent organizations with their own priorities, design preferences, and financial objectives must align on every major decision throughout a five-year development process. The track records of all three groups suggest they can navigate this, but it is a structural consideration that single-developer projects do not face.

Construction cost uncertainty from tariffs and labor market conditions will directly impact a project with a multi-year build timeline. The developers will need to manage cost escalation through the construction period, and any significant overruns could impact the quality of finishes, the amenity program, or the project timeline. Buyers should ask direct questions about cost management strategies and contractual protections.

Gerardo's Take: Who This Project Is For

This project works for: Ultra-high-net-worth buyers who want to secure a position in what will likely be one of Sunny Isles Beach's most exclusive towers. International buyers, particularly from Latin America, who are familiar with all three developer groups and trust their delivery track records. Long-term buyers who are comfortable with a five-year commitment and believe in Sunny Isles Beach's trajectory as an ultra-luxury destination. Buyers seeking one of the two full-floor penthouses at the top of the tower.

This project does not work for: Buyers who need delivery within two to three years. Neither stated date, 2030 or December 2031, is close enough for that, and a permit-stage tower is likelier to extend than accelerate. Short-term investors looking for quick returns in a market with high valuations. Buyers who are uncomfortable with the joint-venture structure and the coordination it requires. Anyone comparing purely on price per square foot without considering the site, the developer group, and the 145-unit exclusivity.

The combination of Related Group, Dezer, and BH Group on a 2-acre oceanfront site with only 145 units is a rare convergence of developer talent, site quality, and product positioning. This project will redefine the Sunny Isles Beach skyline and establish a new benchmark for the submarket. But it requires patient capital, long-term conviction, and honest assessment of the five-year timeline. If those conditions match your buyer profile, this is one of the most compelling pre-construction opportunities in South Florida.

Frequently Asked Questions

What is the Related/Dezer/BH Group Sunny Isles tower?

It is a planned 62-story, 820-foot ultra-luxury residential tower featuring 145 units on a 2-acre oceanfront site in Sunny Isles Beach. The project is a joint venture between Related Group, Dezer Development, and BH Group. The developers acquired the former Miami Beach Club site for $131.8 million and received approval from the Sunny Isles City Commission in February 2026 under Zoning Resolution 26-Z-221. BH Group's project page says completion is expected by 2030, while the zoning submittal targeted December 2031.

Who is developing the Sunny Isles Beach tower?

The project is a three-way joint venture between Related Group (led by Jorge Perez, one of South Florida's most prolific luxury developers), Dezer Development (the dominant developer in Sunny Isles Beach, responsible for Porsche Design Tower and Residences by Armani/Casa), and BH Group (a Brazilian-American investment firm with significant South Florida real estate holdings). The combined expertise represents hundreds of completed luxury towers.

What amenities will the tower include?

Planned amenities include two full-floor penthouses, a padel court, sculpture garden, outdoor spa, oceanfront pool deck, fitness center, and direct beach access. The 2-acre site provides substantially more outdoor amenity space than typical Sunny Isles Beach towers, allowing for resort-scale ground-level programming that smaller lots cannot accommodate.

When will the Sunny Isles tower be completed?

The two figures on the record disagree. BH Group's own project page says construction is set to begin in the third quarter of 2027 with completion expected by 2030, while the zoning submittal targeted December 2031. The project is approved but has not broken ground, and the existing two-story building from 1951 has to be demolished first, so buyers should plan for a long-term capital commitment and treat either date as unconfirmed.

How much did the developers pay for the site?

The developer joint venture acquired the former Miami Beach Club site for $131.8 million. The 2-acre oceanfront parcel is one of the largest remaining developable oceanfront sites in Sunny Isles Beach. On a per-unit basis, the land cost alone is approximately $909,000 per unit, establishing a high pricing floor for the finished product and confirming the project's ultra-luxury positioning.

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Last verified September 16, 2026. The 62 stories, 145 units, approximately 524,212 square feet of floor area and the private restaurant are from the City of Sunny Isles Beach approved-developments record (Zoning Resolution 26-Z-221), which is also the source for the Bentley Residences and St. Regis Residences figures and for the approved sales center at 18325 Collins Avenue. The 820-foot FAA-filed height, the 19051 Collins Avenue address, the February 2026 approval, the $131.8 million acquisition, Cohen Freedman Encinosa & Associates as architect, Enzo Enea as landscape architect, the three-to-six-bedroom range, the amenity program and the $294 million hard and $351 million total development costs are from Florida YIMBY. The third-quarter-2027 construction start and the 2030 expected completion are from BH Group's own project page, which states a different year than the December 2031 target in the zoning submittal; both are shown above rather than one being chosen.

Sources: City of Sunny Isles Beach approved-developments record, Florida YIMBY, BH Group. This article is for informational purposes only and does not constitute financial or investment advice.

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