The Related Group announced plans for two condo towers and hotels in partnership with hospitality and real estate development company sbe.
Already partners on the SLS Hotel & Residences Brickell, still a couple years away, the companies are putting a new brand — Hyde — on the upcoming projects. The name comes from sbe’s Hyde Lounge.
Hyde Hotel & Residences Midtown Miami is expected to open in 2016 with 80 hotel rooms and 400 condominiums. The roughly $130 million project will be at Midtown Avenue and 34th Street.
Also set to be finished in 2016, Hyde Resort & Residences Hollywood Beach will have 367 condo hotel units and 40 condo residences. The 40-story tower at 4111 S. Ocean Dr. is expected to cost about $200 million to build.
Related is developing the projects; sbe, which has a large footprint in Miami including SLS Hotel South Beach, Raleigh and new Redbury, will operate.