The Ritz-Carlton Residences, North Bay Village is a planned two-tower development of roughly 364 residences on more than four acres at the northern tip of Harbor Island, by Related Group and Macklowe Properties, designed by Arquitectonica, with a 42-slip marina and a public park. It is approved and in pre-construction; sales had not publicly launched as of summer 2026. Here is what the buyers who are watching it are watching, and where it stands.
Written by the desk at Miami Dossier from the developer's published material and the public construction record, cross-referenced across several sources, with anything unconfirmed flagged. The desk works in English, Spanish and Portuguese and does not represent the developer. All notes from the desk.
The desk at Miami Dossier covers a small number of Miami buildings closely rather than the whole market lightly. The Ritz-Carlton North Bay Village is one the desk is asked about often, and the honest answer begins with status: as of the public record in summer 2026 the project is approved and in pre-construction, and sales had not publicly launched, which means no floor plans, no deposit schedule and no price sheet exist yet. Anything published as pricing is speculation. What follows is the case for the project as it stands, with the facts behind each point, and the status stated plainly rather than buried.
Related Group, through its Harbor Island Development Company affiliate, and Macklowe Properties assembled more than four acres from the Biscayne Sea Club co-operative and the Majestic Isle condominium, the latter having been declared unsafe. The village commission approved the two-tower plan through a special area plan in 2025, and reporting in late 2025 described a Ritz-Carlton branding agreement being finalised. Sales had not publicly launched as of summer 2026. Until they do, the unit mix, sizes, deposit schedule and assessments are not established. The desk at Miami Dossier confirms the current status on the day of any conversation and will tell a buyer plainly when there is nothing yet to buy.
At roughly 364 residences the project is larger by unit count than the Ritz-Carlton Residences in Bal Harbour or Miami Beach. Scale changes the economics of a service platform: the same amenity carried by more owners.
Two towers of 43 storeys and roughly 500 feet at 8000 and 7946 East Drive, designed by Arquitectonica, on the northern tip of Harbor Island with water on three sides.
Your situation is specific. Tell the desk in one message and we will say what applies to you, what does not, and who to speak with.
Published plans include a private marina of roughly 42 slips. Among the Miami Ritz-Carlton residential projects it is the only one with its own marina, and on an island city that is the point of being there.
The approval includes a waterfront public park of roughly 9,000 square feet and reported infrastructure contributions to the village. That matters on a small island where the quality of the street is the quality of the address.
Published plans cite roughly 800 spaces against 364 residences, close to two per home, which is unusually generous for a waterfront tower and reflects a village where residents drive.
Three small islands in Biscayne Bay on the 79th Street Causeway, between Miami Beach and the mainland, with bay frontage on every side and a five-minute drive to either shore. After decades as a low-rise mid-century enclave, the village is approving towers across roughly half a square mile.
The argument buyers make for the village is simple: open-bay waterfront minutes from Miami Beach, on land that costs the developer less than the barrier islands, which shows up in the delivered product. The desk at Miami Dossier neither endorses nor dismisses that argument; it is the one buyers bring.
Related has delivered more condominium towers in South Florida than any other developer, including the Ritz-Carlton Residences in Miami Beach and Six Fisher Island. Whatever the tier, the delivery record is the deepest in the market.
Harry Macklowe's firm, behind 432 Park Avenue and other Manhattan towers, enters Florida here. A first project in a market is worth noting in both directions.
This is the earliest-cycle neighbourhood entry of any Miami Ritz-Carlton. For a buyer comfortable with a neighbourhood in transformation, that is the opportunity. For a buyer who wants established prestige, it is the risk, and the desk at Miami Dossier says so in both directions.
The current status as of the day you ask, the approved plans on the public record, and, once sales launch, the release, the floor plans and the deposit schedule obtained directly from the sales team, together with an honest comparison against the Bal Harbour and Miami Beach Ritz-Carlton buildings and against Pagani a few hundred metres away. Ask for it and it arrives from the desk at Miami Dossier the same day, usually by WhatsApp, with our opinion attached, whether that opinion is this project, another building, or wait.
Your situation is specific. Tell the desk in one message and we will say what applies to you, what does not, and who to speak with.
Most of the people who ask the desk at Miami Dossier about The Ritz-Carlton Residences North Bay Village are not only choosing a building. They are moving to Miami from New York, California, London, Bogotá, Mexico City or São Paulo, or adding a Miami position to a portfolio held elsewhere, and the building question sits inside a larger one: how to buy new construction in Miami, how to hold it, and what changes when you do.
The desk keeps short notes on the parts that come up every week: how buying preconstruction in Miami actually works, what a normal deposit schedule looks like, whether you need to be in Miami to buy, whether a foreign buyer can get a mortgage, what taxes a foreign buyer pays on a Miami condo, and the Florida state income tax question for anyone relocating from a high-tax state. For buyers arriving from a specific market there are notes for Bogotá, Mexico City and London, and a broader one on why so many wealthy families are moving to Miami.
Read the ones that apply, then bring the rest to the desk at Miami Dossier. It usually takes one conversation to see how The Ritz-Carlton Residences North Bay Village fits the move, or whether another building fits it better.
This note is general information for people considering Miami, written by a real estate desk, not by a law or accounting firm. Nothing here is legal, tax, immigration or investment advice, and it is not a substitute for advice on your own circumstances. Rules change, treaties differ by country, and the right answer for one family is the wrong answer for another.
Speak with your own attorney and CPA before you commit to anything. If you do not have one who works with international buyers in Florida, the desk is glad to recommend an attorney, a CPA or an adviser suited to your situation, and to sit in the first conversation so that nothing is lost in translation.
Structure, financing, currency, timing, the right building and the right line: the desk works through these questions with international buyers every week, and the answer is nearly always that it can be done, in order, without surprises. If Miami is on your mind, as a home or as an allocation, we would be glad to share what we are seeing, privately, and to start with the question this note did not answer.