“For decades, travelers slept on this corner before their ships sailed.”
Stand at the corner of Biscayne Boulevard and NE 4th Street early on a Saturday morning and the view east runs across the palms of Bayfront Park, over the boat slips at Bayside, to the white hulls lined up along PortMiami. The ten-story hotel that stood here sold that view by the night for years. The approvals now attached to the land allow for an 82-story tower that would make it permanent for the people who live here.
Regalia on the Bay — An 82-Story Tower Still Waiting for Its Developer
Project Overview: An Approved Tower Still Looking for Its Developer
Regalia on the Bay condos do not exist yet, and any listing that suggests otherwise is getting ahead of events. At 340 Biscayne Boulevard today, there is not even a sales office. What does exist is a parcel of just under one acre facing Bayfront Park, with city approvals for a mixed-use high-rise combining residences, a hotel, offices and retail. The name, the architectural design, and the concept are real. The developer, the price list, and the groundbreaking date are not. Still, for buyers tracking new construction condos in Miami at the earliest stage, this address is worth keeping on the radar.
The name traces back to Brazilian developer Gilberto Bomeny, whose Regalia in Sunny Isles Beach, a 46-story oceanfront tower with one residence per floor, was designed by Arquitectonica. Bomeny was also a developer of One Thousand Museum, the Zaha Hadid tower a little farther north on the same boulevard. Plans for a tower here predate the current name: in 2014, an earlier scheme called for 77 stories, 400 residences and 240 hotel rooms. Roughly a decade ago, Bomeny’s entities paid $65 million for the site, intending to replace the Holiday Inn Port of Miami-Downtown, a 1950 building.
The hotel lived on cruise passengers, and the pandemic left it without guests: in 2021, its owning entity filed for bankruptcy. Ownership of the site is now in transition. The entitlements are a valuable asset, but who will control them is still unknown. The next owner, whether a lender, a buyer of the site, or a joint venture, will decide whether the project keeps its name, its Arquitectonica design, and its residential count. Bogatov Realty is following the process and will update this page as soon as a developer is confirmed.
The Building & Architecture: Arquitectonica in Its Hometown
The design comes from Arquitectonica, the Miami firm led by Bernardo Fort-Brescia and Laurinda Hope Spear. Its local portfolio reads like a tour of the city’s postcards: the Atlantis on Brickell Avenue, with the palm tree in its sky court, and the Kaseya Center, the 1999 arena where the Miami Heat play, a few minutes’ walk north of the site.
The approvals cover roughly 1.44 million square feet of gross area, about 960,000 square feet of it net sellable, under T6-80-O zoning, an urban-core designation in the city’s Miami 21 code.
The published renderings show a slender tower wrapped in white vertical fins that ripple as they climb, so the façade reads less like a glass curtain wall and more like a pleated sail. It would rise immediately north of the Waldorf Astoria Hotel & Residences at 300 Biscayne Boulevard, with its distinctive silhouette of stacked, offset cubes.
The marketing materials also mention green roofs, smart glazing, renewable energy, and low-carbon materials. For now, these are design intentions, not commitments.
Residences & Pricing: What Is Known and What Isn’t
The approvals set how many homes the tower can hold, not what those homes will be. Floor plans, sizes, and prices will appear only once a developer prepares condominium documents, so any “starting price” quoted today is a guess. If you want to buy a condo in Miami with a clear delivery date, in Downtown Miami or a nearby neighborhood, register your interest: we will match you with condos for sale along this stretch of the boulevard.
| Type | Count | Size | Price from |
|---|---|---|---|
| Condominium residences | 365 | Not released | Not released |
| Serviced residences (marketing materials only) | 110 | Not released | Not released |
| Hotel | 120 rooms | Not released | — |
| Office & retail | Approved; size not published | Not released | Not released |
| Parking | 500 spaces | — | — |
Amenities: What Has Been Announced
Everything below comes from press materials describing the concept: none of these spaces has an operator or a floor plan yet.
Wellness & Longevity
The concept calls for a large wellness and longevity center. Early descriptions mention hydroponic gardens, meditation rooms, and therapy suites.
Dining & Social
A gourmet food hall and a rooftop lounge anchor the social program. News coverage also mentions a fine-dining restaurant, a fitness center, and several pools. A lounge at this height, overlooking the park and the bay, needs no advertising.
Work & Business
A business center, coworking, and commercial space round out the program, a logical fit for a tower between the Brickell financial district and Miami Worldcenter.
Hotel
The approvals include a 120-room hotel marketed as five-star. No brand or operator has been named, so the level of service residents can expect is still unknown.
Location: Downtown Miami, the Heart of the City
The site sits at the corner of Biscayne Boulevard and NE 4th Street, directly across from Bayfront Park. Important distinction: these will be bay-view condos, not a waterfront building. Between the site and the water lie the boulevard, the park, and Bayside Marketplace with the Miamarina slips.
The real advantage is height. From the upper floors, the view runs east across public parkland and the bay to PortMiami and Miami Beach, rather than into the wall of a future neighbor. That advantage deserves as much attention as the finishes.
Transit is the corner’s quiet strength:
- The College/Bayside Metromover station is a block west, and the free automated people mover reaches the Brickell financial district without a car.
- MiamiCentral, the Brightline station, is less than half a mile away, with trains north to Fort Lauderdale, West Palm Beach, and Orlando.
- Miami International Airport (MIA) is about 8 miles away via SR-836: roughly 15 minutes early in the morning or late at night, and 35 to 45 minutes in weekday rush hour.
- PortMiami’s cruise terminals are a few minutes’ drive across the Port Boulevard bridge.
Culture is within walking distance:
- To the north, Museum Park holds the Pérez Art Museum Miami and the Phillip and Patricia Frost Museum of Science. Near the arena on the boulevard stands the Freedom Tower, a 1925 Mediterranean Revival landmark where Cuban exiles were processed in the 1960s and 1970s.
- Miami Worldcenter’s restaurants and shops lie to the northwest, and the 1926 Olympia Theater is to the south on Flagler Street.
- Miami Dade College’s Wolfson Campus and New World School of the Arts are a three-to-four-minute walk away.
But downtown runs on offices, events, and towers rather than school schedules, and families with children should keep that in mind.
This corner does not offer quiet. Bayfront Park is the city’s main festival ground. For the 2026 Ultra Music Festival, the park was closed to the general public from March 12 to April 9 (including setup and teardown), about 165,000 people attended over the three festival days, and traffic on the boulevard was rerouted from Thursday night until Monday morning. The boulevard is also a working route to the port year-round.
Buyers who want calm by the water should look at Edgewater or Brickell Key; those who want the city right at the front door will find this address a perfect fit.
A Weekend Between the Park and the Port
Saturday here starts with the ships.
- By seven, the first cruise liners have tied up at PortMiami, and from a high floor their white decks line up across the bay like apartment blocks that decided to leave town for the week. Down in the park, runners take the paths before the heat does.
- Lunch is a ten-minute walk south to Flagler Street and Julia & Henry’s, a food hall in a restored 1936 Walgreens building.
- In summer, around three in the afternoon, the sky over the water turns the color of wet concrete, a twenty-minute thunderstorm pushes the Bayside Marketplace crowds under cover, and the boulevard steams afterward.
- By evening, the ships pull out one after another, horns carrying across the park, and tourists at the railing wave to passengers they will never see again.
In winter, if the Miami Heat are home, the evening belongs to the arena: jerseys on the Metromover, sidewalks packed along Biscayne Boulevard, and every rideshare suddenly five minutes further away. On a quiet night, the Freedom Tower’s cupola holds the last of the light, and the loudest thing on the corner is the wind off the bay.
Investment Perspective
For anyone considering Miami real estate investment, the clearest benchmark on this block stands next door. According to Newsweek, the Waldorf Astoria Hotel & Residences had reached 75 of its planned 100 floors by May 2026, with one-bedroom residences sold out, two-bedrooms starting at $3.3 million, and completion projected for 2028. That tower shows what buyers already pay for a bay view on this block, and Regalia on the Bay will be the most direct competitor for new buyers.
The neighbors have what Regalia does not yet have. The Waldorf Astoria has Hilton’s luxury brand, a structure rising floor by floor, and an in-place construction loan. One Thousand Museum, completed in 2019 across from Museum Park, offers real closed resale prices instead of projections. Aston Martin Residences sits at the mouth of the Miami River, a riverfront address rather than a park-front one. Regalia on the Bay’s trump card is location.
For now, Regalia on the Bay is a project for patient buyers: those who want to be first in line when pre-construction sales open, and investors who track land values along Biscayne Boulevard. Anyone who needs a firm closing date will have to wait.
A Corner Still Being Drawn
Owners, lenders and renderings have changed; the view has not. Every morning the cruise ships come in and every evening they leave, and the land that has seen off their passengers for decades is waiting for travelers who will stay for good.
Frequently Asked Questions
When will Regalia on the Bay be completed?
No date has been announced, and construction has not started. Some news outlets cite 2030, but no developer has confirmed it. A real timeline will emerge only after ownership changes hands, sales launch, and financing closes.
Can I reserve a residence now?
Not officially. There is no sales office, and “reservations” on third-party sites are not tied to any confirmed developer. The practical route is to register with an advisor and be among the first to hear about the sales launch.
Will owners be able to rent out their units?
Not yet known: the condominium and HOA documents have not been written. The hotel component makes a managed rental program likely, but it is not a commitment. Get rental terms in writing once a developer publishes them.
Who is the interior designer?
Not announced. The interior images circulating online come from marketing materials and should not be read as the final finishes.
Which new developments in Downtown Miami are selling now?
Along Biscayne Boulevard and in neighboring Brickell and Edgewater, projects are selling at different stages, from pre-construction to towers already under construction, such as the Waldorf Astoria Hotel & Residences. A Bogatov Realty advisor can prepare a current list with prices and delivery dates: the fastest way to compare Miami luxury condos you can buy today.
“The ships still sail. This time, someone stays.”
To be the first to know when a developer confirms floor plans and pricing at Regalia on the Bay, or to compare it with other Miami condos already selling on Biscayne Boulevard, contact a Bogatov Realty advisor or submit an inquiry on this page. Project status reflects public records and press reports as of September 2026. Name, design, and program may change once a developer is confirmed.