The Related Group + Partners Debut Rivage Bal Harbour With New Renderings

 
The Related Group, in partnership with Two Roads Development and Rockpoint, is entering the Bal Harbour market with Rivage, a 24-story oceanfront tower at 10245 Collins Avenue. The new super-luxury boutique project has just 61 residential units and over 25,000 square feet of shared amenities. The 61 open-concept residences offer between 3,300 and 13,000 square feet of interior space and are priced between $8 million and $65 million.

“Bal Harbour is one of South Florida’s most special neighborhoods and an area we’ve wanted to build in for many years,” says Jon Paul Pérez, Related’s President. “Everything is in place to make this a truly once-in-a-generation project, from the site to the team, to the general scarcity of newly constructed high-end supply in this neighborhood. Together with our partners, we look forward to delivering a property that honors Bal Harbour’s glamorous history while helping shape its future.”

Rendering of Rivage Bal Harbour 10245 Collins Pool Gardens

The 275 foot tower will rise over the sand just steps from Bal Harbour Shops on Collins Avenue. It is one of the more complicated new projects that Related Group has undertaken as the 2.7-acre build site is currently the home of a 14-story residential tower that was built in 1956. In order to begin Rivage, the development team had to convince over 90% of the owners at the aging condo development that it is in their best interest to sell. These “condo terminations” as they are commonly referred to, are exceedingly complicated and time consuming, even after the tragedy in Surfside in 2021 ushered in new legislation that motivated many owners to move forward with selling.

Rivage is set to offer an elegant tropical modern aesthetic with plenty of bright flowers, flowing natural shapes and an indoor/outdoor vibe throughout the building. The structure itself consists of three interconnected oval-shaped sections of glass walls that is inspired by a crystalline coral reef. The entry and external columns are enveloped with pre-cast stone panels, further accentuating the coral reef ambiance.

Rendering of Rivage Bal Harbour 10245 Collins From Beach

Rendering of Rivage Bal Harbour 10245 Collins Valet

Keeping in tune with their other developments in the ultra-luxury sector, Related Group anticipates buyers will also like to purchase multiple units in order to create custom-designed homes within the building’s footprint.

Each of the residences will offer in-unit elevator lobbies, a private parking garage within each unit and oversized terraces with direct views of either the Atlantic Ocean or the nearby Biscayne Bay. The shared amenities are set to include a fitness pavilion with inspiring views, a hammam, hot/cold plunge pools, private treatment rooms, pickleball and paddleball courts as well as a lushly landscaped oceanfront pool.

The two lower penthouses range in size from 8,700 square feet to around 9,500 square feet and will be priced at $50 million and $45 million. The upper penthouse will be offered at around $65 million. Details of these designs are to follow. Closings are expected in late 2025 or early 2026.

Rivage is especially interesting to buyers in Bal Harbour at this time because the area has been under a drought of new inventory in recent years. The next-newest development is Oceana Bal Harbour, which is also wildly successful and was built in 2016, making Rivate a welcome addition to this section of Miami Beach.

Douglas Elliman is the exclusive broker for Rivage Bal Harbour. If you are interested in an invitation to consider this project, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. 

Rendering of Rivage Bal Harbour 10245 Collins Lobby Entry