Announced

The Residences at Mandarin Oriental, Miami

Miami · Residences

The Residences at Mandarin Oriental, Miami is a two-tower ultra-luxury development at the southern tip of Brickell Key, replacing the original Mandarin Oriental hotel that Swire Properties imploded in a controlled demolition on April 12, 2026.

Official Website

Last verified Jul 15, 2026

4.4 yrs to delivery

5%

AnnouncedBreaking GroundConstructionOpening SoonNow Open

2026

Start

2030

Completion

121

Keys

326

Units

66

Floors

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The story so far

Announced Oct 27, 2023

Sales launched Mar 2026Record ~$49.9M penthouse sales (~$6,300/sf) reported Mar 2026; former hotel imploded Apr 12 2026 to clear site; address 500 Brickell Key Dr; GFA estimated (two-tower 66+34 stories).

floridayimby.com

Broke ground Apr 12, 2026Swire imploded the former Mandarin Oriental hotel on Brickell Key April 12, 2026 to clear the site; groundbreaking on the two new towers is anticipated late 2026 — recorded as construction, likely belongs at breaking-ground. North Tower carries 121 hotel keys.

floridayimby.com

Expected opening 2030

Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.

About the project

The Residences at Mandarin Oriental, Miami is a two-tower ultra-luxury development at the southern tip of Brickell Key, replacing the original Mandarin Oriental hotel that Swire Properties imploded in a controlled demolition on April 12, 2026. Designed by Kohn Pedersen Fox, the 66-story South Tower holds 228 private residences and the 34-story North Tower combines 70 private residences, 28 turnkey Hotel Collection residences, and a new 121-key Mandarin Oriental hotel. The project has logged roughly $1.3 billion in residential sales, with completion targeted for 2030.

Developer & design

Developers

Swire Properties Mandarin Oriental Hotel Group

Architect

Kohn Pedersen Fox

Atlas Intelligence Powered by Onyx 4.1

Projected pricing at delivery

The Residences at Mandarin Oriental, Miami

Miami · Coming Q4 2030 · Residences

Onyx Projection

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Projected band $•,••• – $•,••• — modeled from 6 comparable launches nearby.

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Confidence: High · 6 comps · projections are modeled estimates, never listings

Projection values are a TMW Pro surface. The model, comps and band unlock instantly.Unlock with Pro

Scenario outlook

The Residences at Mandarin Oriental, Miami

Miami · Coming Q4 2030 · Residences

Onyx Projection

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at delivery, base case

Sell-out timeline

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modeled from the comp set

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Scenarios recompute against the submarket comp set · directional, not guaranteed

Scenario values are a TMW Pro surface.Unlock with Pro

The Miami market 95 · Saturated supplyBrickell Key 80-project pipeline · 32,295 residences and keys · peak Late ’28 Explore the market →

Location

Map location

Journal Coverage

The Residences at Mandarin Oriental, Miami has been covered in 6 articles on Markets of Tomorrow.

Miami and Dubai are leading the world in branded residences

Sales launch for the North Tower at The Residences at Mandarin Oriental, Miami

The Residences at Mandarin Oriental, Miami reach $1 billion in sales

First Look: Inside The Residences at Mandarin Oriental, Miami

The Residences at Mandarin Oriental, Miami see $150 million in sales in their first month

One Island Drive, on Brickell Key, will become home to two luxury towers

Common questions

Frequently asked

Where is The Residences at Mandarin Oriental, Miami located?

The Residences at Mandarin Oriental, Miami is located in Miami.

When will The Residences at Mandarin Oriental, Miami be built?

The Residences at Mandarin Oriental, Miami is an announced development that has not yet started construction, targeting completion in 2030.

Who is developing The Residences at Mandarin Oriental, Miami?

Swire Properties, Mandarin Oriental Hotel Group is the developer behind The Residences at Mandarin Oriental, Miami.

Who designed The Residences at Mandarin Oriental, Miami?

The Residences at Mandarin Oriental, Miami was designed by Kohn Pedersen Fox.

How big is The Residences at Mandarin Oriental, Miami?

The Residences at Mandarin Oriental, Miami rises 66 stories with 326 residences and 121 hotel keys.

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