Florida-based Bayview Financial Group will transform half of the Hotel St. Regis from 105 hotel rooms into 30 large, high-end condominium units. Project Manager Kevin Jonas explains, “We got our NEZ designation, so we can now get moving forward in getting our construction underway.” Bayview hopes to see construction begin by mid-May.
The other half of the Hotel St. Regis has been purchased by Herb Strather, and will remain as a fully-operating boutique hotel. This combination of hotel and condominium will allow Bayview to offer its residents amenities that are generally associated with hotels such as housekeeping, valet, full-service restaurant, room service, sundries shop, a fitness center, private theater room, and banquet facilities. “We’re also looking to add lifestyle retailers such as a day spa and dry cleaners,” says Jonas. “We’re making this a lifestyle project—live, work, and play—and we’re trying to tie into the exciting things coming to New Center,"
The condos will range in size from 970-1,340 square feet and in price from $189,990-286,990. The project team includes BVH Architects and Global Group GMAC Real Estate, who is handling sales and marketing of the units. Jonas explains his confidence in the project by saying, “What will make our project successful is the fact that we’re offering amenities that you may not find in the marketplace.”
Source: Kevin Jonas, Bayview Financial Group and Chandra Broadnax, Director of Marketing & Sales, Global Group GMAC Real Estate
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