A significant new chapter is unfolding along the shores of Sunny Isles Beach. A joint venture between Related Group, BH Group, and Dezer Development has officially closed on the $131 million acquisition of the Miami Beach Club—a mid-century oceanfront condominium at 19051 Collins Avenue. The development team has announced plans to reimagine the site into an ultra-luxury branded condominium tower, potentially reaching 820 feet in height. If realised, this would become the tallest oceanfront residential building in the United States.
The 1.92-acre site, ideally positioned between Collins Avenue and the Atlantic Ocean, has long been home to the two-story, 108-unit Miami Beach Club, originally built in 1951. The developers have now secured 98 of the units, with two additional units set to close shortly. The remaining eight are already owned by Related executives—ensuring the full assemblage is complete and ready for redevelopment.
Earlier this year, on May 2nd, 2025, the team filed FAA permits proposing a structure rising 820 feet above ground level (approximately 828 feet above sea level)—a strong indicator of their ambition to create a record-breaking residential icon on the coastline.
This prime parcel lies just north of the Residences by Armani/Casa, the 60-story tower delivered in 2019 by Related and Dezer. While no official design plans or renderings have been released yet, the pedigree of the developers and the tower's prestigious location point toward a new benchmark in luxury beachfront living.
Greg Greer represented the buyer in the transaction, while Berkadia’s Scott Wadler and Mike Basinski arranged $87.5 million in predevelopment financing through J.P. Morgan.
This move further reflects a growing trend in South Florida: the strategic redevelopment of aging oceanfront condominiums. In the wake of new state legislation requiring condo associations to fund reserves for critical structural repairs—introduced after the Champlain Towers South tragedy in Surfside—many aging properties are becoming ripe for transformation. Faced with rising repair costs, numerous owners are opting to sell, paving the way for new, safer, and more luxurious residential projects.
As Sunny Isles Beach continues to evolve as a premier destination for high-end living, this upcoming development stands to be a cornerstone in the city’s next era of architectural and lifestyle excellence.
—
Stay tuned for future updates on this exciting new project. For exclusive insights into South Florida’s evolving luxury landscape or off-market opportunities, feel free to reach out.
