Related Capital, Tate Capital and Rok Acquisitions are teaming up on a $2 billion development in Fort Lauderdale that will be centered around a luxury marina. The venture says it is looking to create a “mini Monaco”. The new development at the Bahia Mar marina will include a hotel and condo towers, along with a beach club, restaurants and retail space, according to the plans.

The development will span nearly 40 acres of land and water, with multiple condo towers and a St. Regis hotel with about 200 guest rooms. The hotel will replace the existing DoubleTree hotel on the site.

Along with the condo towers and hotel, the plan calls for 88,000 square feet of waterfront commercial space, with restaurants, boat docking, a public park along the Intracoastal and a 25-foot-wide pedestrian promenade. The marina will have slips for yachts up to 350 feet.

The project is scheduled to open sometime in late 2029.

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