St-Regis hotel lobby
I mentioned in a previous post ( which I wrote last year ) that the luxurious St Regis Hotel and Residences , located just across the street from the Bal Harbour Shops, were probably going to open around March 2012. The opening of the long-awaited for five-star resort was obviously much delayed due to the real estate market downturn, however, it will definitely open earlier than March 2012.
The St-Regis residences, which are the condominium units, are opening this week, with ten closings in the pipeline in a week, according to its sales team and the hotel will open on January 20th, 2012. The St Regis residences, located in the North and South towers, are 76% sold out, including 30% of sales taking place this year. Sophisticated and well-traveled clients have obviously been protected from the financial crisis and do want to enjoy an ultimate lifestyle, no matter what. Condos range from 2 and 3 bedrooms, priced between $1.5 millions for a 2 bedroom and sf 1,177 unit to $6.5 millions for a large flow through 3 bedroom and sf 3,884 unit. I did a walk through of a few units and some of the future common areas of the hotel a few days ago and I must confess that the 3 bedroom units are gorgeous. I saw a few units, including unit 603, which is a 3 bedroom , sf 3,424 without balcony and sf 4,204 with balcony. It is a flow-through unit offering gorgeous pool and ocean views on one side, view on the bay and the Bal Harbour Shops on the other side and a very large balcony. The kitchen sits in a whole separate room and features beautiful Italian wood cabinetry as well as a wine cellar and the best kitchen appliances.
Ocean view from a 3 bedroom unit
Each unit has a private elevator entrance. Unit owners can benefit from the luxurious services offered by the St-Regis residences and hotel : a personalized butler service, four pools, a state-of-the-art spa and fitness center and a future signature restaurant by famous New York chef Jean-Georges. Interior design of the resort and residences is created by Yabu Pushelberg, specialized in designing five-star facilities in the retail, restaurant and hospitality industries.
It is surely time to buy now as condominium asking prices will go up once the residences open to the public later this week.
