Ritz-Carlton Residences North Bay Village: Twin 43-Story Towers and a Private Marina

Related Group and Macklowe Properties are bringing the Ritz-Carlton brand to North Bay Village with twin 43-story waterfront towers. The project includes 364 residences, a 42-slip private marina, roughly 800 parking spaces, and a public bayfront park. North Bay Village is mid-transformation — early buyers in a marquee branded tower capture the neighborhood's repricing.

Once in a while a development announcement reshapes how the market sees an entire neighborhood. North Bay Village — a small string of islands in Biscayne Bay between Miami and Miami Beach — has spent decades as an overlooked, slightly time-worn pocket of the bay. That is changing fast, and the Ritz-Carlton Residences North Bay Village is the project that confirms the transformation. When Related Group and Macklowe Properties attach the Ritz-Carlton name to a neighborhood, the rest of the market recalculates.

The Project at a Glance

The Ritz-Carlton Residences North Bay Village will rise on Harbor Island, at 8000 and 7946 East Drive. The plan calls for two towers, each 43 stories and rising roughly 500 feet, holding a combined 364 luxury residences. Architecture is by Arquitectonica, the Miami-based firm whose work defines a large share of the city's skyline.

The amenity program is built around the water. The development includes a 42-slip private marina, giving residents direct access to Biscayne Bay — a rare and genuinely valuable feature in a branded condominium. There are roughly 800 parking spaces planned, close to two per residence. The developers have committed to an approximately 9,000-square-foot public park along the waterfront.

Official pricing has not yet been publicly released, but Ritz-Carlton-branded residences in Miami have historically traded at per-square-foot prices exceeding $1,500.

Why the Developer Pairing Matters

At Partnership Realty, we tell every pre-construction client the same thing: in this asset class, you are buying the developer as much as the building.

Related Group is the most prolific luxury condominium developer in South Florida, with a decades-long track record of delivering large branded towers. Macklowe Properties is a storied New York developer known for trophy assets. Pair those two with the Ritz-Carlton brand and Arquitectonica, and you have a project where the execution risk is meaningfully lower than the market average.

The North Bay Village Transformation

North Bay Village is a genuine repricing story. For years it was the quiet, affordable middle of the bay. Now developers are arriving in force — the hypercar-branded Pagani Residences was an early signal. The Ritz-Carlton announcement is the confirmation.

When a neighborhood transitions from overlooked to marquee, the buyers who get in early capture the gap between the old pricing and the new. Once the towers are delivered, the amenities are open, and the public park is landscaped, North Bay Village will not be priced like the forgotten middle of the bay anymore. It will be priced as branded waterfront.

Miami Market Snapshot — May 2026

• Miami-Dade's millionaire population has grown roughly 94% over the past decade, fueling demand for branded waterfront residences
• Miami's branded residential segment has grown about 180% over the last decade
• Miami was ranked the world's No. 1 second-home destination in 2025
• North Bay Village is in active transformation, with multiple luxury and branded towers announced for the islands

Who This Project Is Right For

The branded-residence buyer. If the Ritz-Carlton name, hotel-grade service, and resort amenities are what you want, this is a top-tier opportunity in a neighborhood you can still get into before pricing fully resets.

The boater. The 42-slip private marina is the standout feature. If a boat is part of your Miami lifestyle, a residence with direct bay access in a Ritz-Carlton building is a rare combination. Most branded towers cannot offer it.

The early mover. Pricing has not been publicly released, which means the earliest buyers are typically the ones who get the first and best access.

The Honest Caveats

Be clear-eyed on two points. First, this is an early-stage project — announced in late 2025, it does not yet have a public delivery date, and early-stage timelines can move. Buy here for the location and brand, with patience built in. Second, branded residences carry premium HOA and service costs — the Ritz-Carlton standard is not inexpensive to maintain.