DAMAC Launches Zaha Hadid Architects-Designed 'The Delmore', A New Icon In Surfside's Billionaire's Triangle, Starting At $15 Million

The highly anticipated launch of The Delmore, a luxurious condominium designed by the renowned Zaha Hadid Architects (ZHA) and developed by DAMAC International, marks a significant milestone in Miami's ultra-luxury real estate landscape as sales officially commenced today, Tuesday January 28, 2025. The The Delmore is now positioned as one of the most prestigious waterfront condo offering in the Miami area, with prices starting at an eye-popping $15 million.

Situated on the site of the former Champlain Towers, The Delmore will serve as a centerpiece in what is dubbed Miami's “Billionaire’s Triangle.” This exclusive zone encompasses the affluent communities of Indian Creek to the west, Surfside to the east, and Bal Harbour to the north, catering to a clientele of ultra-high-net-worth individuals.

This marks DAMAC International's inaugural real estate project in the United States, complementing a recent announcement by Founder & Chairman Hussain Sajwani about a monumental $20 billion investment targeting the development of data centers across the U.S. This strategic move signifies DAMAC’s commitment to establishing a formidable presence in the rapidly evolving American market, especially as technology and artificial intelligence continue to take center stage.

The Delmore stands tall with 12 stories, featuring 37 opulent residences that average over 7,000 square feet, with penthouses starting at an impressive 10,000 square feet. Each unit is designed to provide a high-end living experience akin to that of a five-star hotel, complete with a dedicated Residence Manager and residential butler services.

With a blend of innovative design and luxurious amenities, The Delmore is set to redefine coastal living in Miami. The building includes a striking flow-through canyon that offers breathtaking sky views, effectively separating the north and south wings. Among its standout features is a suspended 75-foot-long acrylic swimming pool, elevated 125 feet in the air, which will not only provide residents with a unique swimming experience but will also be a visual marvel visible from Collins Avenue.

Amenity-rich living at The Delmore encompasses over 55,000 square feet dedicated to leisure and wellness, including a 20,000-square-foot outdoor meditation garden designed to foster tranquility. Residents will enjoy cascading reflective pools, open-air spaces for yoga and meditation, and botanical gardens complete with a serenity path. Additionally, a private restaurant offering a Michelin-starred menu is an exclusive indulgence for residents.

Renowned interior design firm Hirsch Bedner Associates (HBA) has been enlisted to curate opulent interiors, ensuring that every space resonates with sophistication and comfort. Each residence will feature entertaining kitchens alongside chef’s kitchens, providing a rare functional layout preferred by discerning homebuyers.

Importantly, The Delmore is designed to cater to the evolving demands of today's ultra-luxury buyers, many of whom are seeking permanent, year-round residences in Miami rather than merely vacation homes.

The exterior façade of The Delmore, crafted from glass fiber reinforced concrete (GFRC), will be a unique feature, closely resembling the local natural landscape. During a site visit, ZHA architects collected sand and sea samples to inform the façade's design, promising a connection to the coastal environment.

As site work progresses with a projected completion in 2029, The Delmore is poised to become one of ZHA's landmark residential projects in the U.S. Douglas Elliman is the exclusive sales broker overseeing sales and marketing.

Renderings via Binyan Studio

For more information about The Delmore or to inquire about purchasing a unit please fill out the form below:

Dubai-Based DAMAC Properties Closes On $120 Million Surfside Site Of Collapsed Condo, To Build Cavalli-Branded Condo

The Dubai-based DAMAC Properties, who was revealed as the she stalking horse bidder for the site of the former Champlain Towers South in Surfside, Florida which tragically collapsed in June 2021, has closed on the site for $120 million. DAMAC Properties, led by billionaire developer Hussain Sajwani, is planning to develop a Cavalli branded condo project on the site.

The developer agreed to a $120 million bid for the oceanfront property located at 8777 Collins Ave. via one of their US entities, East Oceanside Development, LLC. in September 2021. Court-appointed trustee Michael Goldberg issued the deed for the site at 8777 Collins Avenue which spans ±1.88 acres or ±81,886 square feet. The proceeds from the sale will go toward the $96 million settlement for the Champlain Towers South unit owners who lost their home in the tragic collapse.

The Cavallli Surfside condo will be DAMAC Properties’ first project in the United States. Sajwani’s private equity firm Vision Investments purchased the Cavalli luxury fashion brand in 2019. DAMAC Properties launched a 70-story Cavalli Tower in Dubai in 2021.

Honorable Judge Michael A. Hanzman and the court appointed receiver Michael Goldberg tabbed Avison Young, led by Michael T. Fay, to market the property in late-August 2021. Avison Young’s Michael T. Fay and his team John K. Crotty, David Duckworth, Brian C. de la Fé, and Berkley K. Bloodworth oversaw the sale, pro bono.

The Dubai-Based DAMAC Properties Revealed As $120 Million Stalking Horse Bidder Of Site Of Collapsed Surfside Condo

The stalking horse bidder for the site of the former Champlain Towers South in Surfside, Florida which tragically collapsed in June 2021 has been revealed as the Dubai-based DAMAC Properties, led by billionaire developer Hussain Sajwani. The developer agreed to a $120 million bid for the oceanfront property located at 8777 Collins Ave. via one of their US entities, East Oceanside Development, LLC. East Oceanside Development will be required to submit a $16 million deposit with $150,000 non-refundable and the developer will now begin two months of due diligence on the site. The Surfside land at 8777 Collins Avenue spans ±1.88 acres or ±81,886 square feet.

Once the initial bid is finalized by Honorable Judge Michael A. Hanzman other developers will be able to submit bids on the property to potentially push the price higher. Judge Hanzman has the final decision over which developer wins the bidding considering input from the lawyers overseeing the class-action negligence case with the final decision expected in the spring of 2022. Hanzman wants the sale to produce as much proceeds as possible in order to help compensate the families of the 98 people who lost their lives in the collapse and countless others who lost their homes. The victims and their families will also be the beneficiaries of a $49 million insurance payout.

Honorable Judge Michael A. Hanzman and the court appointed receiver Michael Goldberg tabbed Avison Young, led by Michael T. Fay, to market the property in late-August. Avison Young’s Michael T. Fay and his team John K. Crotty, David Duckworth, Brian C. de la Fé, and Berkley K. Bloodworth are spearheading the sale, pro bono.

Avison Young's Michael T. Fay Launches Marketing For The Former Site Of Champlain Towers South In Surfside

Pursuant to the direction of the Honorable Judge Michael A. Hanzman and the court appointed receiver Michael Goldberg, Avison Young, led by Michael T. Fay, has officially launched the marketing process for the sale of the Champlain Towers South site in Surfside, Florida. Efforts to establish a suitable memorial immediately adjacent to or near the site honoring the cherished memories of the victims of the horrific tragedy of June 24, 2021, are ongoing. The news comes as the reported stalking horse bidder continues to review their $120 million contract.

Avison Young’s Michael T. Fay and his team John K. Crotty, David Duckworth, Brian C. de la Fé, and Berkley K. Bloodworth are spearheading the sale, pro bono. The team welcomes all inquiries regarding the property and will soon announce the date and time for a live bidding process to take place in the courtroom in the coming weeks. Additionally, a contract for $120 million is in review by an undisclosed stalking horse bidder.

“It’s an honor for our team to sell this site through Receiver Michael Goldberg and Judge Michael Hanzman for all the families and victims of this sad tragedy,” said Michael T. Fay, Principal, Managing Director - Miami, Chairman, U.S. Capital Markets Executive Committee at Avison Young.

The Surfside land at 8777 Collins Avenue spans ±1.88 acres or ±81,886 square feet. The offering memorandum is available to the public and can be downloaded via the following link: http://properties.avisonyoung.com/surfside

DEVELOPING: Champlain Towers South Condo Collapses In Surfside, 159 People Reported Missing

DEVELOPING (Updated June 25, 11:43 A.M.): Around 1:30 AM on June 24, 2021 the 12-story Champlain Towers South Condo, located at 8777 Collins Ave. in Surfside, FL collapsed, leaving 4 dead and 159 reported missing as of 11 A.M. on June 25, 2021. At least 35 people have been rescued from being trapped in the building and rescue operations are underway.

Rescue teams of 10-12 rescuers are attempting to tunnel under the remaining structure into the rubble to locate additional survivors with the help of search dogs. Teams are using sonar as the carefully tunnel into the rubble with saws and infrared cameras. The work is a brave, desperate search for life, putting the rescue teams in peril of potential shifting rubble or the remaining structure to collapse.

Of the 136-units in the building, 55 were destroyed in the collapse. Authorities still have no idea how many people were in the building at the time of collapse and fear that the death toll could continue to rise.

Over 80 rescue units reportedly responded to the disaster. Miami-Dade Mayor Daniella Levine Cava, Surfside Mayor Charles Burkett and Governor Ron DeSantis were on-site Thursday. American Red Cross volunteers are assisting people who have lost their homes or been displaced by the disaster.

Authorities have not identified what may have caused the collapse and an investigation may take several weeks to months.

Champlain Towers South was developed in 1981 by Nathan Reiber and is part of a condominium complex with two additional separate buildings on adjacent lots. Champlain Towers South featured 136-units ranging from one-to-four bedroom floorpans which range in size from 1,200 SF to 4,500 SF. The building was undergoing its 40-year recertification, which is a one year process to complete, and was also undergoing restoration and roof work at the time of the collapse.