Developer Swire Properties reports that demand for condos in its new two-tower project in Brickell is exceeding expectations. Announced in June 2023, The Residences at The Mandarin Oriental, Miami began sales in December. According to the company's interim results released to investors on August 8, the response to sales reservations since December 2023 has been better than anticipated.
The first tower will feature luxury private residences, while the second tower will house a new Mandarin Oriental hotel along with additional private and hotel residences. Swire Properties USA and Fortune International Group revealed last week that demand remains robust, even during the typically slower summer months. In just 30 days, condo units worth $132 million have been secured with contracts.
A soft opening for the development’s sales gallery is planned for this month, allowing buyers to finalize contracts on the spot. Swire has also unveiled a new rendering of the taller 66-story, 850-foot tower, designed by architect Kohn Pedersen Fox.
