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Regency Development Group Breaks Ground on Luxury Condo in Bay Harbor Islands

Jay Philip Parker, Igor Michin, Michael Troyanovsky and Kobi Karp.

Regency Development Group has broken ground on the Signature Collection, the first of three luxury buildings in the La Maré Brand Collection, a high-end residential development in Bay Harbor Islands, Florida. Comprising nine waterfront residences ranging from 2,200 to 4,300 square feet, the Signature Collection marks the initial phase of this premium project. Regency Development, a family-run company from Chicago with over 20 years of experience, is making its first foray into South Florida with this project, which aims to bring tropical luxury living to a prime waterfront location.

Michael Troyanovsky, Managing Partner at Regency Development, expressed excitement about the project’s milestone. “La Maré offers the key amenities residents are looking for, including boat slips, all in an unrivaled location," said Troyanovsky. The Signature Collection is set along a beautifully landscaped bayfront shoreline, providing residents with direct access to the water and offering a unique blend of city life and natural serenity.

Located at 9781 East Bay Harbor Drive, the Signature Collection features modern architecture designed by Kobi Karp and interiors by Debora Aguiar Arquitetos. Each residence includes expansive floor plans, floor-to-ceiling windows, private terraces with bay views, and a secure elevator system that provides direct access to units. Kitchens will be custom-designed by Poliform, featuring stone countertops and Miele appliances, while the primary bathrooms will offer dual showers, deep-soaking tubs, and Antonio Lupi fixtures.

In addition to its luxurious living spaces, the Signature Collection offers a range of high-end amenities. Residents will have access to a marina with four boat slips, accommodating vessels up to 45 feet, a rooftop pool deck with a jacuzzi, outdoor kitchen, and lounge area. Other amenities include a fitness center, spa facilities with a steam room and sauna, and bayfront lounge areas. Water activities will also be available for residents to enjoy.

With prices starting at $3 million, the Signature Collection represents an exclusive opportunity to live in one of South Florida’s most sought-after locations. Construction of the Signature Collection is expected to be completed by early 2026. Douglas Elliman Development Marketing is overseeing sales for the project.

La Maré’s development marks a significant addition to the Bay Harbor Islands community, bringing a fresh perspective on waterfront living with luxury design and thoughtful amenities.