Related Group Plans $2 Billion Fort Lauderdale Marina
The 40-acre development will include a St. Regis hotel, condos and a deepwater marina as demand for yacht slips rises.
Updated on Nov. 3, 2026 in Construction
Related Group is developing a $2 billion marina development in Fort Lauderdale that is slated to break ground next year and open in 2030. The project comes as Blackstone paid $5.6 billion for Safe Harbor Marinas last year.
Why it matters
The number of yachts has surged since Covid-19, creating a shortage of boat slips that is drawing developers and investors into marina communities. Up to 30% of buyers at the project could be international.
Related Group's development costs $2 billion and includes a deepwater marina for 250 boats and slips for yachts up to 350 feet. Blackstone's $5.6 billion purchase of Safe Harbor Marinas and Safe Harbor's $1.5 billion acquisition of 65 MarineMax sites show the scale of capital flowing into the sector, though the source does not disclose the project's financing structure.
The players
Related Group
Related Group is a major New York-based real estate developer known for large mixed-use and luxury residential projects.
Blackstone
Blackstone is one of the world's largest alternative asset managers, with major holdings in real estate and infrastructure.
Safe Harbor Marinas
Safe Harbor Marinas is a large U.S. operator of marinas and storage facilities that has been expanding through acquisitions.
Ken Griffin
Ken Griffin is the billionaire founder and chief executive of the hedge fund Citadel, who is building a megayacht marina in Miami.
The details
The 40-acre project will include a 122-room St. Regis hotel, a 78-residence condo tower, 106 resort residences, a beach club and a sports and wellness club with padel and tennis courts. Several buyers from Mexico and Brazil have already purchased units in the building.
Timeline
Covid-19 era onward: yacht numbers surged, creating a slip shortage.
Last year: Blackstone paid $5.6 billion for Safe Harbor Marinas.
August: Safe Harbor Marinas paid $1.5 billion for 65 marinas and storage sites from MarineMax.
Next year: the Related Group project is slated to break ground.
2030: the Related Group Fort Lauderdale marina is scheduled to open.
Market Landscape
The post-Covid surge in superyacht ownership has pushed demand for berths past available supply, and about 2,000 superyachts pass through Fort Lauderdale each year. Large investors such as Blackstone and Ken Griffin are moving capital into marina assets in South Florida and Miami, placing the Related Group project within a broader race to add slip capacity.
Residents and boat owners in Fort Lauderdale may see added slip capacity once the marina opens, though the source gives no pricing for slips or residences. Buyers considering units in the development should expect a 2030 opening and check final terms as the project progresses.
The takeaway
Demand for yacht slips has outpaced supply as the number of superyachts has grown, and large capital is now chasing marina assets. The Fort Lauderdale project shows how that pressure is shaping new waterfront development.
What happens next
The Related Group project is slated to break ground next year and open in 2030, with up to 30% of buyers potentially international.
Further reading
For more on large-scale projects like this, see Construction coverage in Fort Lauderdale.
Source note: This article includes information reported by CNBC.
