| St. Regis Resort and Residences, Bal Harbour, The famous Bal Harbour Sheraton will be replaced by St. Regis Resort and Residences will encompass three towers, 26 stories each, on the site of the former Sheraton Bal Harbour Hotel. Both the North Condo Tower and the South Condo Tower will feature the same floor plans. The Middle tower will be a mixed use with condo residences, hotel condos, and fractional units available. The St. Regis intends to be a five star hotel. Only 36 hotel condos, large luxury units, with two bedroom, a den, two bathroom and great North and South ocean views. They are sold out at the present time 24 Units that are not on the market yet will be sold as fractional ownership. Additionally, the project will encompass 269 condo residences and 183 hotel rooms. The St. Regis Resort and Residences will be owned and managed by Starwood, and will be run as a Starwood Luxury Collection property. Only about 10% of the hotels run by Starwood worldwide receive this esteemed classification. This condo hotel will offer a wide array of amenities, including the St. Regis signature butler and concierge service, world-class Remede spa and a fine dining restaurant. Demolition of the old Sheraton hotel is scheduled for October 14, 2007; completion of the project for end of 2010 to beginning of 2011. Building Amenities Exclusive ocean-facing health center with state of the art equipment Dramatic lobby entrance through porte cochere entry Yabu Pushelberg designed lobby and common areas Two heated oceanfront swimming pools World class Oceanfront Health Center Signature Restaurant Lushly landscaped grounds Concierge staff and 24 hour security services Package receptionResidence Features: 11 ft deep balconies with panoramic bay and ocean views Smart building prewired with multiple lines for cable, phone and computer Tinted, tempered glass designed for South Florida building codes Private elevator foyers in selected residences Ocean to bay flow thru floor plans are available High-efficiency central A/C Spacious walk-in closets European-style kitchens Signature appliances Hotel Rooms Features: Very spacious rooms will be at a 45 degree angle from building, enabling unobstructed direct ocean views from each unit Spacious whirlpool tub Custom seamless enclosed glass shower with marble flooring and wet wall Elegant marble flooring in wet areas Fine European cabinetry Granite vanity top with double porcelain sink Full-width mirror over vanity Business Center Contemporary designer faucets Elongated water closet European-style bidet with coordinating faucetsHotel Amenities 24 hour signature St. Regis butler and concierge services Lushly landscaped public gardens and sculptures Heated oceanfront swimming pool and spa Decorative fountains and pool features State of the art fitness center Butler Service World-class signature restaurant Business Center, conference room & meeting rooms Luxurious Le Remede SpaProject Summary Completion Date: 2010/2011 Price Ranges. North and South Tower Residences: Unit Type A; 3 bedroom/Media Room and 3 1/ 2 baths Unit Type B and C; (Floors 4 to 11) Unit Type B and C (Floors 12 to 26) Unit Type D; Unit type E; Unit Type A; Oceanfront (Floors 4 to 23) Unit Type A; Oceanfront (Floors 25 and 26) Unit Type B; North and South (Floors 25 and 26) Unit type C; North and South (Floors 25 and 26) Unit type D; North and South (Floors 25 and 26) Hotel Condo Suites (SOLD OUT) Unit Type Hotel Tower (05 and 06 – Floors 4 through 12) |
| When buying a Condo:
Chapter 718 of the Florida Statute implements procedures for creation, sales and operation of condominiums. The law requires the developer to give a disclosure statement to the buyer explaining that the buyer may cancel the contract either within 15 calendar days after it signature or the date of receipt of the condominium documents, whichever is later. The buyer of a condominium unit has the right to cancel the transaction within 3 business days after contract execution and receipt by the buyer of the condo documents. |
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