By Alexander Britell

The island of Puerto Rico was quietly becoming one of the leading luxury destinations in the Caribbean before last year’s hurricanes.

But as the island continues its remarkable recovery, Puerto Rico’s luxury boom continues, from the launch of the new Serafina Beach Hotel to the imminent debut of the highly-anticipated O:LV 55 luxe boutique resort.

A rendering of a unit at the new Ocean Drive.

The latest step? A significant new luxury real estate project at the St. Regis Bahia Beach.

It’s called Ocean Drive, and it’s an $85 million ultra-luxury residential development right on the beach.

The new project, which will be serviced by and include the amenities of the St. Regis, will consist of 30 condominiums set across three beachfront buildings, with a combination of three- and four-bedroom residences and penthouses.

And that means homeowners get all the amenities of the resort, from the two miles of beach to the Robert Trent Jones II golf course to Jean-Georges’ signature Fern restaurant, among others.

The first building is set for completion by June 2019, according to a spokesperson for the project.

Miami-based SB Architects are the lead designers on the project, which will have land planning and landscaping architecture by EDSA and interiors by San Francisco’s Hirsh, Bedner Associates.

The announcement comes as the St. Regis announced its own $60 million renovation project, with plans to reopen in October of this year.