Swire Properties Breaks Ground on The Residences at Mandarin Oriental, Miami on Brickell Key
Swire Properties has officially broken ground on The Residences at Mandarin Oriental, Miami, marking the beginning of construction for one of the most anticipated ultra-luxury developments in South Florida. Rising on Brickell Key, the project will introduce two architecturally distinct towers combining private residences, branded hotel residences, and a new flagship Mandarin Oriental hotel.
Designed by internationally acclaimed New York-based architecture firm Kohn Pedersen Fox, the development is scheduled for completion in 2030 and represents Swire Properties’ largest luxury residential project to date.
Two Towers Define the Next Chapter of Brickell Key
The Residences at Mandarin Oriental, Miami will comprise two towers with distinctly different residential offerings.
The 33-story North Tower will feature 70 private residences, 28 turnkey Hotel Collection residences, and a 121-room Mandarin Oriental hotel expected to become the brand’s North American flagship.
The 66-story South Tower will be dedicated entirely to 228 private residences, creating an exclusive residential environment overlooking the surrounding waters and Miami skyline.
Together, the towers represent a significant addition to Miami’s luxury real estate landscape while continuing Swire Properties’ long-term vision for Brickell Key.
Sales Surpass $1.7 Billion Ahead of Construction
The groundbreaking arrives as the project has surpassed $1.7 billion in total residential sales across both towers. Domestic buyers have been a major driver of demand, reinforcing the strength of Miami’s ultra-luxury market.
Sales momentum has remained particularly strong throughout 2026, with more than $620 million in sales recorded during the year. A three-month summer period alone generated over $150 million in additional sales, demonstrating continued buyer activity even during a traditionally quieter period for luxury residential real estate.
The North Tower has reached 25% sold since its Signature Gallery opened in May, while the South Tower is now approximately 80% sold.
For a broader look at the market, explore Miami real estate market trends.
Record-Breaking Penthouse Sales Highlight Demand
The project has already attracted significant attention at the highest end of the market.
Earlier in 2026, the two crown penthouses were sold separately for $49.9 million each, generating nearly $100 million in combined sales. The transactions established mainland Miami records for both total condominium sale price and price per square foot, with the latter reaching approximately $6,300.
These transactions further demonstrate the level of demand for exceptionally limited luxury residences in Miami’s most exclusive waterfront locations.
Mandarin Oriental Hospitality at the Heart of the Development
A defining feature of the project is the integration of the new Mandarin Oriental hotel. The property is designed to bring the brand’s internationally recognized service standards, wellness offerings, and culinary experiences directly into the residential environment.
For homeowners, the hotel is more than a neighboring hospitality component. Its presence is intended to continually elevate the residential experience through access to Mandarin Oriental’s service culture and dedicated staff.
Tim Blackburn described the groundbreaking as an important milestone in Swire Properties’ long-term vision for Brickell Key, pointing to the project’s waterfront location, global brand partnership, and internationally recognized design team as key elements behind its sales momentum.
A New Chapter for Brickell Key
The groundbreaking comes less than six months after the controlled demolition of the former Mandarin Oriental, Miami hotel, clearing the waterfront site for its next phase of development.
Brickell Key is a private 44-acre island enclave offering a combination of waterfront privacy, expansive views, and convenient access to Brickell and Downtown Miami. Swire Properties has played a long-term role in the area's evolution, from the transformation of Brickell Key to its broader development work across Miami, including Brickell City Centre.
Laurent Kleitman described the groundbreaking as an important step toward bringing a new hotel and residential experience to Brickell Key, combining craftsmanship, memorable experiences, and the service associated with the Mandarin Oriental name.
World-Class Designers Shape the Residences
The development brings together an internationally recognized group of architects and designers.
The North Tower's private residences are being designed by AD100 designer Laura Gonzalez, whose interiors emphasize warmth, craftsmanship, and layered detailing.
The South Tower's interiors are envisioned by AD100 designer Tristan Auer, whose sophisticated approach combines contemporary elements with a timeless residential aesthetic.
Landscape architecture is being handled by Thailand-based SHMA, bringing a lush, nature-focused character to the project's outdoor areas and strengthening the connection between the towers, amenities, and waterfront setting.
Residences Designed Around Indoor-Outdoor Living
The residences are designed to maximize Miami's waterfront setting, with expansive interiors and floor-to-ceiling glass doors opening toward broad outdoor spaces.
North Tower residences will range from two to four bedrooms, while South Tower residences will span two to five bedrooms. Homes are oriented to capture views of the Atlantic Ocean, Biscayne Bay, and the Miami skyline.
Private elevators and entry foyers provide additional privacy, while kitchens feature custom Italian cabinetry, high-end appliances, and natural stone countertops. Primary bathrooms will include marble floors, natural stone vanities, and private water closets.
Buyers interested in comparable opportunities can explore luxury waterfront condos in Miami and Brickell luxury real estate.
100,000 Square Feet of Resort-Style Amenities
Connecting the North and South Towers will be a 100,000-square-foot, multi-level amenity podium operated in partnership with Mandarin Oriental Hotel Group.
The expansive collection is designed to support wellness, recreation, entertainment, business, and socializing. Residents will have access to state-of-the-art fitness and wellness facilities, multiple resort-style pools, private cabanas, outdoor wellness cabanas, dining pavilions, and warm and cold plunge pools.
Social and lifestyle spaces will include curated lounges, a business lounge with private meeting rooms and conference facilities, a library and coffee bar, a multi-purpose sports court, game room with billiards and an indoor golf simulator, private screening lounge, and dedicated children's club.
Residents of the North Tower will also benefit from direct access and connectivity to Mandarin Oriental, Miami, including its signature spa and waterfront dining venues.
Pricing and Sales Information
With construction now underway, remaining residences continue to attract buyers seeking highly serviced waterfront living in one of Miami's most established luxury districts.
South Tower residences currently begin at $7 million, while remaining North Tower residences start at $4 million. Sales are being exclusively managed by Fortune Development Sales.
The project's combination of waterfront positioning, branded hospitality, extensive amenities, and limited inventory places it among the most significant new luxury developments underway in Miami.
FAQs
What is The Residences at Mandarin Oriental, Miami?
The Residences at Mandarin Oriental, Miami is a new ultra-luxury development on Brickell Key featuring private residences, branded Hotel Collection residences, and a new Mandarin Oriental hotel.Who is developing The Residences at Mandarin Oriental, Miami?
Swire Properties is developing the project, with architecture by Kohn Pedersen Fox and interiors by designers including Laura Gonzalez and Tristan Auer.How many residences will the development have?
The South Tower will feature 228 private residences, while the North Tower will include 70 private residences and 28 turnkey Hotel Collection residences.How tall will the towers be?
The North Tower will rise 33 stories, while the South Tower will reach 66 stories.When will The Residences at Mandarin Oriental, Miami be completed?
Construction is advancing toward an anticipated completion in 2030.What amenities will residents have access to?
Amenities include fitness and wellness facilities, multiple pools, dining spaces, social lounges, a screening room, sports court, golf simulator, children's club, and more.How much do residences at The Residences at Mandarin Oriental, Miami cost?
Remaining South Tower residences start at $7 million, while remaining North Tower residences start at $4 million.Who is handling sales for the project?
Fortune Development Sales is exclusively managing sales for The Residences at Mandarin Oriental, Miami.
