Announced

The Ritz-Carlton Residences, Fort Lauderdale Beach

The Ritz-Carlton Residences, Fort Lauderdale Beach is an oceanfront branded condominium at 551 Bayshore Drive, set on a barrier-island parcel between the Atlantic Ocean and the Intracoastal Waterway.

Official Website
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TMW IntelligenceVerified Oct 13, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
2029
Completion
83
Units
13
Floors
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Details

551 Bayshore Drive, Fort Lauderdale. 13 floors and 83 residences. Completing 2029.

The story so far
Announced 2026 est.MICL Group + Admire Capital revealed the dual-tower, 13-story, 83-residence Ritz-Carlton project at 551 Bayshore Drive per The Real Deal.
oftmw.com
Sales launched Feb 2026Sales launch for the 83-residence dual-tower project at 551 Bayshore Drive, with Douglas Elliman handling sales from $2.5M
oftmw.com
Expected groundbreaking 2027 est.
Expected opening 2029
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TMW Intelligence

The outlook for The Ritz-Carlton Residences, Fort Lauderdale Beach

Timing, similar projects and market pressure, read from every development in our database.

The Fort Lauderdale market 68 · Elevated supplyCentral Beach 17-project pipeline · 8,086 residences and keys · peak Late ’28 Explore the market →
Projected pricing $•,•••/sfFull projectionProjection →
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About the project

The Ritz-Carlton Residences, Fort Lauderdale Beach is an oceanfront branded condominium at 551 Bayshore Drive, set on a barrier-island parcel between the Atlantic Ocean and the Intracoastal Waterway. Developed by MICL Group and Admire Capital, with architecture by Garcia Stromberg and interiors by Dan Fink Studio, the two 13-story towers hold 83 residences — including six penthouses — in two-and-three-bedroom-plus-den layouts of roughly 1,550 to 3,480 square feet. Ritz-Carlton service underpins an amenity suite of two pools, a zen garden, private cabanas, dock slips, a resident lounge, screening room, sports simulator and children's playroom, delivering full-service beachfront living in Fort Lauderdale.

Developer & design
Developers
MICLAdmire Capital
Design
Garcia Stromberg
TMW Intelligence
Projected pricing at delivery
The Ritz-Carlton Residences, Fort Lauderdale Beach
Fort Lauderdale · Coming Q4 2029 · Residences
TMW Projection
$1,850 / sq ft at delivery
Projected band $1,600 – $2,100 — modeled from 6 comparable launches nearby.
Sales launchTodayDelivery Q4 2029
Projected median
Confidence band
Today

Comparable set — basis for projection

Comparable launch1.2 mi
$1,850
Comparable launch1.2 mi
$1,850
Comparable launch1.2 mi
$1,850
Confidence: High · 6 comps · projections are modeled estimates, never listings
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Scenario outlook
The Ritz-Carlton Residences, Fort Lauderdale Beach
Fort Lauderdale · Coming Q4 2029 · Residences
TMW Projection
Projected price / sq ft
$1,850
at delivery, base case
Sell-out timeline
18months
from sales launch to final close
Absorption pace
4.5units / mo
modeled from the comp set

Scenario assumptions

Fed rate pathGradual cuts
Submarket supplyModerate
Luxury demandSteady
Comp appreciation+6% / yr
Scenarios recompute against the submarket comp set · directional, not guaranteed
Scenario values are a TMW Pro surface.Unlock with Pro
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Common questions

Frequently asked

Where is The Ritz-Carlton Residences, Fort Lauderdale Beach located?

The Ritz-Carlton Residences, Fort Lauderdale Beach is located in Fort Lauderdale.

When will The Ritz-Carlton Residences, Fort Lauderdale Beach be built?

The Ritz-Carlton Residences, Fort Lauderdale Beach is an announced development that has not yet started construction, targeting completion in 2029.

Who is developing The Ritz-Carlton Residences, Fort Lauderdale Beach?

MICL, Admire Capital is the developer behind The Ritz-Carlton Residences, Fort Lauderdale Beach.

Who designed The Ritz-Carlton Residences, Fort Lauderdale Beach?

The Ritz-Carlton Residences, Fort Lauderdale Beach was designed by Garcia Stromberg.

How big is The Ritz-Carlton Residences, Fort Lauderdale Beach?

The Ritz-Carlton Residences, Fort Lauderdale Beach rises 13 stories with 83 residences.