The Ritz-Carlton Residences, North Bay Village: 2026 Buyer's Guide

North Bay Village -- three small islands in the middle of Biscayne Bay, connected to Miami and Miami Beach by the 79th Street Causeway -- has not had a true trophy-branded condo project in its 80-year history. That is about to change. In October 2025, The Real Deal confirmed that Related Group and New York's Macklowe Properties are branding their planned two-tower waterfront development on Harbor Island as The Ritz-Carlton Residences, North Bay Village.

The numbers are big. Two 43-story towers reaching roughly 500 feet, 364 condos, a 42-slip private marina, a 9,000-square-foot public park, and nearly 800 parking spaces -- about two per residence. The sites at 8000 East Drive and 7946 East Drive sit on more than 4.1 acres assembled from the Biscayne Sea Club co-op and the Majestic Isle condo building.

This is also a debut. After decades shaping the Manhattan skyline, Harry Macklowe's first South Florida ground-up development carries a Ritz-Carlton flag and a Related Group co-development structure. Below is the 2026 buyer's guide -- verified facts only, pricing positioning relative to existing Ritz-Carlton residences in Miami, and how the project fits into North Bay Village's broader $2 billion redevelopment wave.

The Quick Take

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Where is The Ritz-Carlton Residences, North Bay Village?

The project occupies the northern tip of Harbor Island West -- one of three man-made islands (Harbor Island, North Bay Island, and Treasure Island) that together form North Bay Village. The village sits in Biscayne Bay between mainland Miami and Miami Beach, linked by the John F. Kennedy Causeway, better known locally as the 79th Street Causeway. That causeway carries roughly 42,000 vehicles a day and is the only road connection between the two sides of the bay at this latitude.

Geographically, that makes North Bay Village one of the more unusual addresses in Miami-Dade. You are on Biscayne Bay -- not facing it from a mainland tower, but actually inside it. South Beach is roughly 10 minutes east across the causeway. The Design District, Wynwood, and Edgewater are 10-15 minutes south. Miami International Airport is about 20 minutes via I-195 and the Dolphin Expressway.

North Bay Village itself is a compact 0.84-square-mile municipality, more than half of which is open water. Prior to 1940, almost all of what is now the village lay beneath Biscayne Bay -- the islands were dredged and bulk-headed between 1940 and the mid-1940s, with Broadcast Key (the original 5-acre island that hosted pioneer radio station WIOD starting in 1926) annexed in 1963. The village was incorporated in 1945.

Who's Behind It

The Ritz-Carlton Residences, North Bay Village is a joint venture between Related Group (Coconut Grove-based, founded 1979 by Jorge Pérez) and Macklowe Properties (Manhattan-based, founded by Harry Macklowe). Related is leading the project through an affiliate, Harbor Island Development Company.

Related's Ritz-Carlton track record matters here. The firm has delivered The Ritz-Carlton Residences, Tampa (Tower II completed with 94 condos and five villas reaching up to 5,700 square feet) and broke ground in February 2026 on The Ritz-Carlton Residences, West Palm Beach -- a 27-story, 138-unit tower at 1717 North Flagler Drive that has booked $254 million-plus in signed contracts and set a North Flagler record with a $14.5 million penthouse trade at $3,000 per square foot. Across its history, Related has built or managed more than 120,000 residential units.

For Macklowe, this is a debut. The North Bay Village project marks his first ground-up development in South Florida. Macklowe -- known for the GM Building, 432 Park Avenue, One Wall Street, and other defining Manhattan towers -- spent several years assembling the Harbor Island sites. The Real Deal first reported his land assemblage in May 2023; Macklowe closed the Biscayne Sea Club co-op buyout in late 2023 for $47.7 million after a drawn-out, litigious process with residents. The partnership with Related was reported in November 2023, and the developers added another $7.9 million for 14 units at Majestic Isle (which had been declared unsafe) in 2024, ultimately controlling 20 of that building's 56 units.

Arquitectonica's Twin-Tower Design

The architect is Arquitectonica, the Miami-based firm led by co-founder Bernardo Fort-Brescia. Arquitectonica started in 1977 as an experimental studio founded by Fort-Brescia, Laurinda Hope Spear, Andrés Duany, Elizabeth Plater-Zyberk, and Hervin Romney, and has since become the most prolific designer of large-scale Miami residential towers -- including Aria Reserve in Edgewater, which when complete will be the tallest twin-tower waterfront residential development in the United States.

For North Bay Village, the firm is designing two 43-story towers reaching approximately 500 feet -- specifically, 498 feet per the village commission ordinance. The towers sit at the northern tip of Harbor Island West and were approved via a special area plan that the North Bay Village commission unanimously passed on first reading in July 2025, with final approval at a September 2025 meeting.

Twin-tower siting matters for view corridors. With the two towers, Arquitectonica can give the bulk of the 364 residences direct Biscayne Bay water frontage rather than fighting for view easements against a single oversized footprint. The site also includes a 9,000-square-foot public park designed to open the waterfront edge for pedestrians -- a meaningful change for an island that has historically been ringed by older mid-rise multifamily without much public realm.

The Residences

The project programs 364 condominiums across the two towers. A precise unit mix has not been publicly released, but Related and Macklowe have confirmed several interior specifications consistent with the brand's other Florida projects:

• 9- to 10-foot ceilings in residences
• Wide-plank European wood flooring
• Custom Italian cabinetry by Snaidero
• Miele appliances
• Hansgrohe fixtures
• Marble flooring in primary bathrooms

Interior curation is being led by Durukan Design, the New York-based interior design studio.

Floor plans, square footages, and a formal pricing sheet have not yet been released. The development has not officially launched sales as of June 2026.

Amenities and Ritz-Carlton Hospitality

The amenity program leans on three structural advantages: the marina, the brand, and the new public realm.

• 42-slip private marina. The marina is one of the project's defining features. With most of North Bay Village ringed by older sea walls without slip access, a 42-slip on-site marina is a meaningful boating amenity for residents and a real differentiator versus mainland Miami projects.
• 9,000-square-foot public park. Open to the broader village, the waterfront park is part of the special area plan that secured the zoning entitlement.
• Approximately 800 parking spaces. That is roughly two per residence -- a notably high ratio for a luxury condo project and useful for owners who keep a primary plus weekender vehicle.
• Roughly $5 million in public infrastructure enhancements, per the village's filings.
• Full Ritz-Carlton residential service stack -- concierge, valet, and the spa, fitness, and wellness offerings the brand is known for in other markets.

The branded-residence model means a separate Ritz-Carlton-affiliated management company runs hospitality and service standards even though there is no hotel attached on site. That distinction is worth understanding: this is a branded condominium, not a condo-hotel. Buyers are not subject to a hotel rental program, but they get the brand's residential service operations.

Why North Bay Village Now

North Bay Village has been a slow-moving market for decades -- mid-century mid-rise rentals and co-ops, a steady but not aspirational price level, and almost no new branded supply. That is changing fast. The village currently has close to $2 billion in announced new development, and the Ritz-Carlton is the highest-profile project among them.

The other major projects shaping the next phase of the village:

• Continuum Club & Residences -- The Eichner family's Continuum Company secured $350 million in financing in 2026 (a $261 million construction loan for phase one and $83 million in predevelopment for phase two), partnering with Turkey's Aksoy Holding on a mixed-use district.
• Pagani Residences -- A 28-story, 70-unit project from Riviera Horizons with Pagani Automobili design partnership.
• Shoma Bay -- Shoma Group's 24-story, 333-unit tower at 1872 79th Street Causeway, anchored by a 36,100-square-foot Publix on the ground floor.
• Sunbeam Properties -- The Ansin family, owners of Sunbeam Television, are planning a mixed-use program across multiple sites north and south of the causeway.
• Tula Residences and several other smaller boutique projects.

The cumulative effect is a neighborhood being rebuilt around new branded product, fresh public realm, and significantly upgraded retail. For a Ritz-Carlton buyer, the relevant question is not whether North Bay Village is going to change -- it is -- but whether the early-cycle entry point in a transforming neighborhood is the right trade against an established Ritz-Carlton address.

How It Compares to Other Ritz-Carlton Residences in Miami-Dade and South Florida

Ritz-Carlton's branded-residence footprint in greater Miami is meaningful. Five existing or planned projects span the metro:

North Bay Village is the largest Ritz-Carlton-branded condo project by unit count in the South Florida portfolio (364 units versus Bal Harbour's ~260 and Miami Beach's 111 + villas). It is the only one with a private marina of this scale, and it is the first Ritz-Carlton project on Biscayne Bay rather than the Atlantic oceanfront or Coconut Grove.

The trade-off is the address itself. Bal Harbour, Coconut Grove, and Miami Beach are established prestige zip codes. North Bay Village is mid-transition. That is exactly the early-cycle entry argument -- but it is also the resale risk.

Location Advantages

Distances from 8000 East Drive (approximate drive time, off-peak):

• South Beach (Lincoln Road / Mid-Beach): 8-12 minutes east via the 79th Street Causeway
• Edgewater and the Design District: 10-15 minutes south via I-195
• Downtown Miami and Brickell: 15-20 minutes south
• Wynwood: 12-15 minutes south
• Miami International Airport (MIA): approximately 20 minutes via I-195 and SR-836
• Aventura / Bal Harbour: 15-20 minutes north
• Fort Lauderdale-Hollywood (FLL): approximately 35-40 minutes north

The boating equation is the real story. From the on-site marina, the open Atlantic via Government Cut is roughly 15-20 minutes by boat, and Haulover Inlet is even closer. For owners who actually use a private slip, the location is more efficient than most mainland Miami marinas.

How to Think About the Risk

Pre-construction at this stage carries the usual set of risks:

• Sales launch has not happened. As of June 2026, no formal price sheet, no public floor plans, and no deposit structure have been released. Anything claimed about pricing is positioning, not confirmed.
• Delivery timing. Two 43-story towers on a complex island site take time. Treat any informal completion target as preliminary.
• HOA carrying cost. Branded residences with a marina, public park, and 800-space parking program carry meaningful HOA expense. Underwrite carefully when pricing is published.
• Insurance and resiliency. Biscayne Bay frontage at sea level requires modern resiliency design and meaningful insurance assumptions. The Ritz-Carlton brand standard helps, but it is not free.
• Neighborhood execution risk. North Bay Village's transformation depends on multiple projects (Continuum, Pagani, Shoma Bay, Sunbeam) actually delivering. The thesis improves if those move forward; it gets harder if any stall.

FAQ

Who is developing The Ritz-Carlton Residences, North Bay Village?

Related Group (via its affiliate Harbor Island Development Company) in partnership with Macklowe Properties. Related is led by Jorge Pérez; Macklowe Properties is led by Harry Macklowe. The North Bay Village project is Macklowe's first ground-up development in South Florida.

Where exactly is the project located?

At 8000 East Drive and 7946 East Drive on Harbor Island in North Bay Village, Florida. The site occupies the northern tip of Harbor Island West, on Biscayne Bay.

How many residences and how tall are the towers?

Two 43-story towers rising approximately 500 feet (498 feet per the village commission ordinance), with a total of 364 condominium residences.

Who designed the buildings?

Arquitectonica, the Miami-based firm led by Bernardo Fort-Brescia. Interior curation is by Durukan Design in New York.

Does the project include a marina?

Yes -- a 42-slip private marina for residents, plus a 9,000-square-foot public park along the waterfront and approximately 800 parking spaces across the project.

Are sales open and what are the prices?

Sales have not officially launched as of June 2026. Pricing, floor plans, and delivery timelines have not been published. For context, comparable Ritz-Carlton-branded Miami product (Sunny Isles Beach) currently resells around $2,200 per square foot, with preconstruction pricing at other Florida Ritz-Carlton projects ranging from roughly $1,400 to $1,500-plus per square foot.

What buildings used to be on this site?

The Biscayne Sea Club co-op (built 1955, 3 acres) and the Majestic Isle condominium (which had been declared unsafe). Related and Macklowe paid $47.7 million for Biscayne Sea Club in late 2023 and added 14 units at Majestic Isle in 2024 for $7.9 million.

How does North Bay Village compare to other Miami Ritz-Carlton addresses?

North Bay Village is the largest by unit count (364 versus 260 at Bal Harbour and 111 condos + 15 villas at Miami Beach) and the only one with a 42-slip private marina. It is also the earliest-cycle neighborhood entry of any Miami Ritz-Carlton -- a feature for buyers comfortable with neighborhood transformation, a risk for buyers who want established prestige.

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Want a Real Read on North Bay Village Pre-Construction?

If you are evaluating The Ritz-Carlton Residences, North Bay Village -- or cross-shopping it against Continuum North Bay Village, Pagani Residences, or any of the Bal Harbour, Sunny Isles, or Miami Beach Ritz-Carlton properties -- reach out. We track preconstruction launches, deposit structures, and the resale data on existing Ritz-Carlton residences across South Florida.

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Disclaimer: This article is for general informational purposes only and reflects publicly reported information as of June 2026. The Ritz-Carlton Residences, North Bay Village has not officially launched sales; pricing, floor plans, unit mix, amenities, and delivery timing are subject to change at the developer's discretion. Always verify current details directly with the developer or a licensed real estate professional.