BAL HARBOUR VILLAGE, FL— It only took five seconds for the landmark Sheraton Bal Harbour to be imploded on Nov. 18. The 50-year-old building will be replaced by the St. Regis Resort & Residences, Bal Harbour. Controlled Demolition, Inc. and Omega Contracting took down the building using 452 pounds of dynamite. The event took place at 5 a.m. Members of the development team from Starwood Hotels & Resorts Worldwide, Inc. and The Related Group watched the spectacle with 100 VIP guests, including brokers, buyers and Bal Harbour Village officials, from aboard the Biscayne Lady, a 111-foot yacht anchored off the coast of the property in Bal Harbour. When complete, the St. Regis Resort & Residences, Bal Harbour will have three towers with 268 residences, 36 condo-hotel suites, 183 hotel rooms and 24 St. Regis Residence Club Residences. The property is scheduled to open in 2010. At St. Regis Resort & Residences, Bal Harbour owners and guests will be able to take advantage of 1,000 feet of beachfront, nine acres of landscaped gardens, a fitness center and a 15,000-square-foot Remède Spa. There will also be fine-dining restaurants, child care, pools, cabanas and beach services. Established in 1979, The Related Group is major builder of luxury condominiums and multi-family real estate developments. St. Regis is a brand of Starwood Hotels & Resorts Worldwide, Inc. Starwood’s other brands include The Luxury Collection, Sheraton, Westin, Four Points by Sheraton, W, Le Méridien and the recently announced aloft and Element Hotels.