One Bal Harbour is getting very close to completion, and is the best of all the Bal Harbour Condos. Developed by WCI Communities, a leader in luxury condo development, One Bal Harbour is the pinnacle of luxury oceanfront condominiums. WCI has also built Bella Mare on Williams Island and Mosaic in Miami Beach just to name a few.
With a total of 260 units, One Bal Harbour Condos range in size from 1,918 to well over 3,000 square feet in size and offer some of the best floor plans you will find anywhere. Units at One Bal Harbour start in the $700,000s. For more information or to schedule a showing for One Bal Harbour, please call Paul Hansen 786-586-4778.

The New Harbour House a.k.a. the Harbour House is located in Bal Harbour, Fl. The original Harbour House was built as a rental and the Related Group has completely remodeled the building and is now selling it as condos. All of the windows have been replaced with hurricane rated glass and the kitchens and bathrooms are all brand new. The kithcens all have European cabinets and the bathrooms are granite tops and marble floors. The entire building has been upgraded and has turned out to be very nice. You can tell the quality work the moment you walk through the front door.
The pool is one of the largest you will ever find in an oceanfront condo, and cabanas are available for unit owners. You will also find some of the best views available at the Harbour house in Bal Harbour. The workout facility is state of the art and overlooks the pool area. The Harbour House also comes with a movie theater with very nice leather couches and can hold up to 25 people. The Harbour House has many different floor plans to choose from and top level amenities for your enjoyment. Pricing starts from the $500,000's. For more information on the Harbour House condos in Bal Harbour, please contact Paul Hansen 786-586-4778.

Offering unprecedented excellence in standards of hospitality and elegance, St. Regis Resort & Residences, Bal Harbour will be the premier address for first class luxury living and vacationing in Miami. Developed by the Related Group and owned by Starwood Hotels & Resorts Worldwide, Inc., the five star resort will be comprised of 268 ultra luxury residences, 36 hotel condominiums and 183 executive hotel suites, situated high above the pristine sands of the Atlantic Ocean and directly across the street from the legendary Bal Harbour Shops. For more information on the St Regis Bal Harbour, please call Paul Hansen 786-586-4778.

The St Regis Resort & Residences Bal Harbour now has final building approvals from the Village of Bal Harbour. It has recently been decided that the existing Sheraton Hotel will be closed at the end of February 2007 to make way for the St Regis Resort & Residences. Completion for the St Regis is planned for late 2009. The St Regis Bal Harbour will bring an new level of service never before seen in Bal Harbour. Starwood and the Related Group are quickly moving forward with this unique development that will soon become the most exclusive property in all of Miami. This is exactly what the Bal Harbour real estate market needs is an exclusive hotel / condo hotel that will deliver the highest level of service imaginable.

St Regis Bal Harbour

It looks like Sheraton Bal Harbour will live to see one more Superbowl. According to todays Miami Herald, the St Regis Bal Harbour project has been delayed slightly due to a shuffle in plans by the Related Group of Florida. The change comes due to a cooling real estate market and higher hotel room rates. ''Everything is a reflection on returns,'' said Perez, chairman of the Related Group of Florida, the region's largest builder of condominium towers. ``What we're looking at is given the risk that's involved; what do we feel most comfortable in doing -- whether it's holding or selling.'' Somewhere between 50 and 80 of the 230 condo hotel units at the St Regis Bal Harbour will be individually owned while the rest will be retained by the developer. Even though changes are being made to the St Regis Bal Harbour, it will still be considered one of the top projects in the region. For more information on the St Regis Bal Harbour condos, please contact Paul Hansen 786-586-4778.

The St Regis is coming to Bal Harbour. The St Regis Resort and Residences will feature three towers directly on the ocean in Bal Harbour on what is currently the Sheraton Bal Harbour site. Two of the St Regis towers will be residential condominium while the third tower will be mixed use with condo hotel and condo. The St Regis Resort and Residences is the most ambitious project to date in Bal Harbour and will bring a new extraordinary level of service to the city. The Related Group of Florida and Starwood have joined forces to create what will ultimately become the finest oceanfront luxury living in Bal Harbour. The average price for the St Regis Resort and Residences is expected to be 1500 per square foot. Reservations are now being taken for the St Regis Bal Harbour. For more information on the St Regis Resort and Residences in Bal Harbour please send us an email or call Paul Hansen 786-586-4778.

Starwood and The Related Group Form a Joint Venture
to Develop a New Build St. Regis Resort & Residences
on the Existing Site of the Sheraton Bal Harbour

. Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) and The Related Group of Florida announce that they have signed a letter of intent to form a joint venture to develop a new build St. Regis Resort & Residences in South Florida's most exclusive enclave, Bal Harbour. The St. Regis Resort & Residences, Bal Harbour, to be built on the existing site of the Sheraton Bal Harbour, will be located on the white, pristine sands of the Atlantic Ocean directly across the street from the legendary Bal Harbour Shops. The renowned Lucien Lagrange Architects has been selected for the project. The proposed transaction is subject to the negotiation and execution of definitive agreements and other approvals and customary closing conditions.
"Related's innovative development expertise in project conceptualization, mixed-use development, and sales and marketing of upscale residential projects in the South Florida market is a perfect complement to Starwood's ultra-luxury brand, loyal customer base and its existing untapped real estate holdings," said Steven Heyer, CEO, Starwood Hotels & Resorts. "We expect that this relationship will allow us to maximize the unrealized potential of our land assets while enhancing the strength of Starwood's presence in this affluent market."

"We see a huge potential in developing the St. Regis Resort & Residences, Bal Harbour as a preeminent address for first-class luxury living in Miami," said Jorge M. Perez, chairman, The Related Group of Florida. "The powerful combination of the St. Regis brand, the distinguished reputation of Lucien Lagrange Architects', and Related's integrated development approach will make the St. Regis Resort & Residences, Bal Harbour a spectacular new addition to the seaside Bal Harbour village."

Only a select few of the world's luxury hotels merit the St. Regis name, offering unprecedented excellence in standards of hospitality and elegance. The St. Regis Resort & Residences, Bal Harbour will feature an array of sumptuous amenities, including the brand's signature butler service, renowned concierge service, a world-class spa and a signature restaurant.

The Bal Harbour Shops, ranked "the number one shopping center in the U.S." by Women's Wear Daily and home to 100 flagship stores including Hermes, Gucci, Prada, Dolce and Gabbana, Chanel, Louis Vuitton, Saks Fifth Avenue and Neiman Marcus. The Bal Harbour Shops also offer their patrons services such as valet parking, personal shoppers, as well as an array of first-rate fine dining options.

The Sheraton Bal Harbour will plan promotional activities throughout the year prior to its anticipated closing in June 2006 to celebrate the hotel's 50 year fabled history. "We anticipate that thousands of guests who have stayed with us over these past 50 years will want to come back and stay with us one last time," said the Resort's Managing Director, Hans B. Altenhoff. "This will be an exciting year for our property; not only will we commemorate our 50th anniversary but we will also provide our guest the opportunity to own their dream home on the beach they have enjoyed all these years." The Sheraton Bal Harbour's 50 year anniversary celebration which kicks off this spring, will incorporate promotions with the luxury brand emporiums located at the Bal Harbour Shops via an exclusive "Passport to Bal Harbour" offering available only at www.sheraton.com.

The Related Group of Florida has 25 years of residential development and construction experience of condominiums and urban mixed-use properties, primarily in Florida. Some of Related's landmark projects in South Florida include the Icon, Murano, Murano Grande, Portofino Towers and Oceans I, II and III. The company works closely with its New York affiliate to acquire commercial and residential real estate throughout the US. Related's marketing partnership with RCRS (Related Cervera Realty Services) will offer years of selling expertise in the luxury South Florida real estate market.

Lucien Lagrange Architects has roots in both the innovative architectural legacy of Chicago and the classic design heritage of Mr. Lagrange's native France. The dichotomy results in a firm that is uniquely creative yet sensitive to a timeless aesthetic. In a relatively short time, Lagrange has made a significant mark on the Chicago skyline. Its projects - new buildings and comprehensive renovations - are prominent both in the Loop and on the Near North Side. One of the latest is the new 67-story Park Tower hotel and luxury condominium development on North Michigan Avenue.

Local architect, Sieger Suarez, has been selected as the architect of record and has long been unrivaled as South Florida's leading architectural firm specializing in luxury residential high-rise design. Taft Bradshaw, the original landscape designer for the Village of Bal Harbour and the Bal Harbour Shops, has been chosen as the landscape architect.

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 750 properties in more than 80 countries and 110,000 employees at its owned and managed properties.

This press release contains forward-looking statements within the meaning of federal securities regulations.

BAL HARBOUR Condo Resales
Condominium Name: Address: Price Range:
Bal Harbour 101 10155 Collins Av $1,550,000 - $1,950,000
Bal Harbour Tower 9999 Collins Av $1,495,000
Balmoral 9801 Collins Av $640,000 - $1,400,000
Bellini 10225 Collins Avenue $1,849,000 - $6,000,000
Carlton Terrace 10245 Collins Av $295,000 - $890,000
Kenilworth 10205 Collins Av $849,000
Majestic Tower 9601 Collins Av $2,100,000
Plaza of Bal Harbour 10185 Collins Av $535,000 - $595,000
The Palace 10101 Collins Av $1,250,000
Tiffany 10175 Collins Av $999,900

BAL HARBOUR

Boom is doom for Sheraton

The Sheraton Bal Harbour, designed by architect Morris Lapidus, will be torn down next year for condominiums and a condo-hotel.

The Sheraton Bal Harbour, a nearly 5-decade-old beachfront resort formerly called the Americana that once ranked among South Florida's premier tourist destinations, is set to be demolished next year to make way for condominiums and a condo-hotel.

Developer Jorge Perez said he is paying ''in excess of $200 million'' to develop the property in a joint venture with Starwood Hotels and Resorts, which owns the Sheraton Bal Harbour. They plan to build a 350-unit condominium building and a 250-room ultra-luxury St. Regis condo-hotel.

It may be the first demolition of a South Florida building designed by famed architect Morris Lapidus, said historian Paul George and Miami Beach architecture author Randall Robinson. The Sheraton Bal Harbour will stay open until May 2006, said Perez, chairman of Miami-based Related Group of Florida.

The move is yet another remake of a high-profile South Florida hotel property amid the region's ongoing real estate boom. Some worry the changes are eroding the area's stock of hotel rooms -- the latest a favorite of America's labor unions.

Perez, the state's most prolific high-rise condo developer in the past dozen years, also said the project amounts to his final local high-rise condominium project -- at least for now.

''This is it for us in South Florida,'' said Perez, whose first high-rise condo was South Beach's Portofino Towers in 1992. He has nearly 40 condo projects underway from West Palm Beach to downtown Miami, much more than any other developer in South Florida. He said demand for condos remains strong, but prices for new land have become too expensive.

''We need to concentrate on what we have on our plate right now,'' said Perez, who also has condo projects in Fort Myers and Las Vegas.

Starwood Hotels and Resorts declined to comment. The White Plains, N.Y.-based hotelier, which is publicly held, owns such brands as Sheraton, W Hotels and St. Regis.

In addition to the condo tower and condo-hotel, the new development is to include a 6,000-square-foot ballroom, a spa and two restaurants.

The 8.8-acre site has long been admired because it sits on the beach and is across from the Bal Harbour Shops.

Bal Harbour Condos

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Bal Harbour is one of the most exclusive stretches of beach in all of South Florida. Bal Harbour real estate includes properties from luxurious condos to beautiful waterfront homes. Bal Harbour real estate is nestled in between Bay Harbour Island, Surfside, the Atlantic Ocean and Haulover Cut.
Rich and famous people from around the world buy Bal Harbour real estate. Yet, even with its high-end reputation, Bal Harbour still manages to retain its small town allure. With only 3,200 residents, this peaceful community is conveniently located close to Miami Beach and Aventura giving Bal Harbour real estate owners easy access to what these larger cities offer.
Bal Harbour is also home to world-renowned shopping. The Bal Harbour Shops is the most prestigious shopping environment in South Florida. Bvlgari, Cartier, Chanel, Escada, Prada, Hermes, Christian Dior, Salvatore Ferragamo, Giorgio Armani, Gucci, Ungaro, Gianni Versace, Tiffany & Co., Neiman Marcus and Saks Fifth Avenue make up the exclusive Bal Harbour Shops. Fine restaurants and bistros are also available and these shops are within walking distance from all of the Bal Harbour real estate.
Bal Harbour real estate includes two world class spas for you enjoyment. The Sheriton Bal Harbour offers full spa amenities with state of the art gym facilities, personal trainers, sun decks and pools. The Sea View Hotel offers patrons classic elegance with two amazing restaurants and dancing.
Bal Harbour is one of the safest cities in all of Miami-Dade County. It has its own police force that has a reputation for keeping speeding cars to a minimum. You will always see police patrolling when you are in Bal Harbour. If you like to drive fast, don�t make any plans to go through that stretch of Collins Avenue.
Please feel free to call Hansen Homes with any questions you may have regarding Bal Harbour real estate. Whether you are looking to buy or sell, we offer the most comprehensive marketing for your needs.