Swire Properties Breaks Ground on The Residences at Mandarin Oriental, Miami on Brickell Key

Swire Properties has broken ground on The Residences at Mandarin Oriental, Miami, marking the start of construction on one of the nation’s most significant new ultra-luxury developments. Designed by world renowned, New York based architects Kohn Pedersen Fox (KPF), the project will unfold across two architecturally distinct towers – a 33-story North Tower featuring what is poised to be Mandarin Oriental’s North American flagship hotel with 121 guest rooms, alongside 70 private residences and 28 turnkey Hotel Collection residences; and a 66-story South Tower dedicated to 228 private residences.

Advancing on schedule for delivery in 2030, The Residences at Mandarin Oriental, Miami marks Swire Properties' largest luxury residential development to date and its first branded residential development globally. The groundbreaking comes as total sales across the North and South Towers have surpassed $1.7 billion, driven largely by sustained demand from domestic buyers.

In 2026 alone, The Residences has generated more than $620 million in sales, including a record three-month summer period that delivered more than $150 million in new sales, underscoring continued buyer engagement during a season when luxury residential activity often moderates. The North Tower has reached 25% sold since opening the Signature Gallery in May, while the South Tower is now 80% sold.

Anchored by what is destined to be Mandarin Oriental’s North American flagship hotel, The Residences at Mandarin Oriental, Miami combines private homeownership with the brand’s globally recognized standards of hospitality, wellness programming and culinary experiences. The hotel is central to the development’s value proposition, ensuring that the residential experience is continuously elevated by Mandarin Oriental’s signature service culture and dedicated colleagues.

"Breaking ground on The Residences at Mandarin Oriental, Miami marks another important milestone in Swire Properties' long-term vision for Brickell Key," said Tim Blackburn, Chief Executive of Swire Properties. “Our strong sales momentum reflects the project’s differentiated value in South Florida’s competitive luxury market—driven by its prime waterfront location, the development team’s track record, the global brand recognition of Mandarin Oriental, and world-class design partners.”

Earlier this year, the project’s two crown penthouses sold to separate buyers for $49.9 million each, totaling nearly $100 million and establishing mainland Miami records for both condominium sale price and price per square foot, at approximately $6,300.

Set on Brickell Key, the exclusive 44-acre island enclave combines waterfront privacy, panoramic views and immediate access to Brickell and downtown Miami. Beginning with the evolution of Brickell Key continuing through the development of Brickell City Centre, the company has maintained a long-term vision for placemaking at scale. The groundbreaking comes less than six months after the controlled demolition of the former Mandarin Oriental, Miami hotel, which paved the way for the waterfront site's next chapter.

“This groundbreaking marks an exciting new chapter for Mandarin Oriental and our return to Brickell Key,” said Laurent Kleitman, Group Chief Executive of Mandarin Oriental. “Our ambition is to create an exceptional hotel and residences that bring together memorable experiences, outstanding craftsmanship and the legendary service that defines Mandarin Oriental. Today marks an important step in bringing that vision to life and creating an enduring connection with Miami and its community.”

The project also brings together a globally acclaimed design team. Private residences in the North Tower are imagined by renowned AD100 designer Laura Gonzalez, defined by warmth, craftsmanship and richly layered detailing. The South Tower’s interiors are envisioned by acclaimed AD100 designer Tristan Auer, whose modern vision redefines contemporary luxury through a timeless, sophisticated approach deeply attuned to the residential experience. Landscape architecture by Thailand-based SHMA brings a lush, nature-driven vision to the development’s outdoor spaces, creating a seamless connection between the residences, amenities and waterfront setting.

Designed to embrace seamless indoor-outdoor living, residences in the North Tower range from two- to four-bedrooms while residences in the South Tower range from two- to five-bedrooms – all featuring expansive living spaces framed by floor-to-ceiling glass sliding doors and thoughtfully oriented to capture sweeping views of the ocean, Biscayne Bay and the Miami skyline. Private elevators and entry lobbies provide an added sense of arrival and privacy. Kitchens feature custom Italian cabinetry, state of-the-art appliances and natural stone countertops, while bathrooms are appointed with marble flooring, natural stone vanities and private water closets in each primary suite.

Seamlessly connecting the North and South Towers is a 100,000-square-foot, multi-tiered, resort-style amenity podium serviced by Mandarin Oriental Hotel Group and defined by the brand’s legendary standards. The extensive amenity collection includes state-of-the-art fitness and wellness facilities, resort-style pools cascading across multiple levels with private cabanas, wellness cabanas for outdoor treatments, dining pavilions, warm and cold plunge pools, curated social lounges, a business lounge with private meeting rooms and conference suite, library and coffee bar, a multi-use sports court, game room with billiards and indoor golf simulator, private screening lounge and dedicated children’s club. Residents of the North Tower will also enjoy privileged access and connectivity to Mandarin Oriental, Miami, including the brand’s signature spa and waterfront dining, along with 24/7 personalized services provided by a dedicated Mandarin Oriental residential team.

Pricing for the remaining South Tower residences begins at $7 million, with remaining North Tower residences starting at $4 million. Fortune Development Sales is exclusively managing sales for The Residences at Mandarin Oriental, Miami.

Event images via Alain Martinez, renderings via RMOMIA, tower rendering via Binyan Studios

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Swire Properties Implodes Mandarin Oriental Hotel on Brickell Key Paving The Way For The Residences at Mandarin Oriental, Miami

Miami’s Brickell Key is entering a new era with The Residences at Mandarin Oriental, Miami, an ultra-luxury development comprising private residences and a new hotel, following the successful demolition of the building that housed the city’s former Mandarin Oriental Hotel. The milestone marks a significant step forward for the new development, which has achieved $1.3 billion in residential sales – including last month’s record-breaking dual penthouse sales totaling $100 million – ahead of groundbreaking later this year.

“Mandarin Oriental has been a defining part of Brickell Key for more than two decades, and the brand’s legacy will live on with the development of two towers set to transform residential living and hospitality in Miami,” said Dave Martin, President of Swire Properties. “With demolition now behind us, our team is eager to get going with vertical construction as we entertain buyers from across the U.S. and around the world.”

The controlled-implosion of the 23-story hotel and its adjacent six-story parking structure took place in a matter of seconds on the morning of Sunday, April 12th, clearing the site for The Residences at Mandarin Oriental, Miami, which will feature 228 private residences in the South Tower and 70 private residences, 28 turnkey hotel collection residences, and what is destined to be the brand’s new North America flagship hotel with 121 keys in the North Tower.

The existing structure came down in a controlled manner as part of a carefully orchestrated demolition process that required nearly two years of planning and coordination among specialized experts – including The BG Group LLC, Controlled Demolition Inc., and Moss Construction – working in collaboration with the City of Miami.

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At the start of 2025, Swire Properties launched a comprehensive community outreach and safety initiative to support the implosion process. This included more than 30 meetings with Brickell Key residents and the broader Brickell community, distribution of protective materials to neighboring buildings, and detailed safety guidance for nearby residential, commercial, and restaurant operators. On-site measures included the installation of perimeter container walls and temporary barges, as well as the deployment of vibration and air quality monitors across Brickell Key. In addition, Swire and its team of experts conducted a pre-implosion survey of Biscayne Bay, which will be compared against post-implosion findings to ensure the marine environment remains unaffected.

Crews will now undertake a debris removal process from the site that will last up to six months, with material set to be cleared from the site in a tightly choreographed manner. Preparations for groundbreaking are underway, with the groundbreaking ceremony expected to take place later this year. Construction is expected to last approximately four years, with delivery anticipated in 2030.

Renderings via RMOMIA, Tower Rendering via Binyan Studios

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Villa Miami Completes Concrete Pour On Landmark Waterfront Tower in Edgewater

Marking a significant milestone for one of Miami’s most anticipated residential towers, Villa Miami completed its concrete foundation pour on May 9. Moss Construction led the 14-hour pour that involved more than 3,400 cubic yards of concrete and 2,095 tons of steel to form the tower’s foundation, further accelerating momentum on the 650-foot waterfront landmark rising in Miami’s Edgewater neighborhood, on track for delivery in 2027. Construction on the tower is advancing swiftly with the concrete pour being completed four weeks ahead of schedule.

“The strength of today’s luxury market is defined by discernment as buyers are seeking more than just a home,” said David Martin, CEO of Terra. “The pace of progress at Villa Miami speaks volumes about the demand for a truly differentiated product and the strength of Miami’s real estate fundamentals. This milestone marks the beginning of a tower that will reshape the Edgewater skyline and redefine luxury living in Miami.”

The copper-clad, 56-story tower introduces a limited collection of just 70 half- and full-floor residences, offering a residential experience defined by world-class service, design and culinary excellence. Villa Miami is the first-ever residential tower branded by the globally celebrated Major Food Group and marks the inaugural collaboration between Miami legacy developer David Martin’s Terra and One Thousand Group.

“This concrete pour marks the moment Villa Miami shifts from vision to vertical reality,” said Kevin Venger, Co-Founder of One Thousand Group. “We’re building a legacy with a team that is pushing the boundaries of design and delivering at the highest standard, from the ground up.”

The pour recruited 43 concrete trucks, operating in a coordinated rotation throughout the day. Structural work is being led by Moss Construction, with architectural design spearheaded by ODP Architects under the leadership of Kurt Dannwolf. Villa Miami is distinguished by its striking copper-colored exoskeleton—an architectural statement conceived by ODP and engineered by global structural design firm DeSimone.

Located at 710 NE 29th Street, Villa Miami broke ground in December 2024 and secured a $285 million construction loan provided by TYKO Capital, a commercial real estate private equity and credit platform backed by Elliott Investment Management and led by Adi Chugh.

While construction continues, the project has already drawn significant buyer interest. With residences starting at $5.5 million and ranging from 3,000 to over 6,000 square feet, Villa Miami’s full- and half-floor homes cater to discerning buyers looking for estate-style residences in the sky with round-the-clock service and programming.

Villa Miami’s interiors are curated by Vicky Charles of Charles & Co., with landscaping by Enzo Enea. The tower’s private amenity suite, known as the Copper Club, spans multiple floors and is exclusively curated by Major Food Group to offer a high-touch, members-only experience.

The tower’s development team is behind some of Miami’s most iconic residential towers. Terra, led by David Martin, recently delivered Five Park Miami Beach and Mr. C Residences Coconut Grove. One Thousand Group’s portfolio includes the Zaha Hadid-designed One Thousand Museum tower and the firm recently acquired a nearby Edgewater site for a Kohn Pedersen Fox-designed project.

Renderings via Binyan Studios

For more information about Villa Miami Residences or to inquire about purchasing a unit please fill out the form below:

Moss Set To Lead Construction At One Thousand Group, Terra and Major Food Group's Villa Miami

Moss Construction will oversee construction of Villa Miami, a groundbreaking luxury waterfront development in Miami's Edgewater neighborhood. Set to break ground in the summer of 2024, Villa marks the first-ever collaboration between Major Food Group, David Martin’s Terra and One Thousand Group. Situated at 710 NE 29 St., Villa Miami will stand as a 56-story, 650-foot-tall architectural marvel. Envisioned by ODP Architects under the leadership of rising star Kurt Dannwolf, its distinctive copper color-cladded exoskeletal design is set to make Villa Miami an iconic tower on Miami’s Edgewater skyline.

“We’re thrilled to work with Moss Construction on another landmark project,” said David Martin, CEO of Terra. “Villa Miami meets the demand for a luxury condominium tower with full and half-floor vertical residences in a boutique environment. Terra has a proven history of enriching neighborhoods across South Florida and Villa will do the same for Edgewater.”

“Villa Miami is an elegantly stunning concept, and Moss is thrilled to be part of the Terra team once again. We eagerly anticipate the groundbreaking and the realization of this unparalleled residential experience which will change Miami’s skyline,” said Ed Baro, Executive Vice President of Moss.

The project’s interior design is led by Vicky Charles of Charles & Co., known for her work as former design director at Soho House and for commissions for the likes of Sony Music, Goop, George and Amal Clooney, Ashton Kutcher and Mila Kunis as well as David and Victoria Beckham.

Renowned landscape architect Enzo Enea is at the forefront of Villa Miami's green design, incorporating native plants seamlessly into the surrounding landscape. Moss Construction, under the guidance of Brett Atkinson, brings its wealth of experience, particularly in luxury high-rise developments, having successfully collaborated with David Martin’s Terra on recent projects like the topped-out Five Park Miami Beach set to deliver this year. Global structural design firm DeSimone—whose more than 10,000 building designs include the most recognizable high-rises in New York and Miami—will engineer the impressive structure.

Villa Miami will offer 72 exclusive full and half-floor residences, epitomizing vertical estate-style living with 360-degree water views. Residents will enjoy a plethora of amenities including Major Domo estate manager service, a rooftop helipad, poolside service, spa and wellness facilities, access to a branded beach club, and a fully serviced elevated pool deck. Additionally, the tower will boast an on-site MFG restaurant with private lounge spaces, offering residents preferred reservations, provisioning and access to at-home MFG chef services. Douglas Elliman is the exclusive sales and marketing partner for the project.

Renderings via Binyan Studios

For more information about Villa Miami Residences or to inquire about purchasing a unit please fill out the form below:

Affiliated Development Closes On $53 Million Loan And Begins Construction On West Palm Beach Workforce Housing Project

Fort Lauderdale-based Affiliated Development has started construction on the highly anticipated mixed-income workforce housing project, The Grand, after closing on financing. The Grand was capitalized by a $53 million first mortgage from Bank United and an investment from Affiliated Housing Impact Fund, LP and a private family office.

Located in downtown West Palm Beach between 2nd and 3rd Street along Rosemary Avenue, The Grand is walking distance to the city’s newest office complexes, shopping, dining, and entertainment venues, as well as the Brightline and Tri-Rail stations. Fit with luxury finishes, features and amenities, the 8-story building will offer 301 one and two-bedroom apartments and 9 three-bedroom townhomes with ground floor commercial space.

The Grand is being constructed by Moss & Associates and was designed by MSA Architecture. Expected completion is slated for Spring 2023.

The Grand celebrates a successful collaboration between public and private entities to address both redevelopment and housing. In December 2019, the West Palm Beach CRA and city’s Housing & Community Development department awarded the developer $15 million in various funding incentives to bridge the funding cap and help finance the project.

“Our goal is to work with our city and CRA partners to create a transformative project that ignites redevelopment activities within the CRA target area and increases the quality of life for the city’s residents,” says Jeff Burns, Co-Founder and CEO of Affiliated Development. “West Palm Beach’s leadership and staff have been amazing to work with, and we are excited to play a role in this city’s evolution.”

The project will offer downtown class-A living and rents the average resident can afford. As part of the city and CRA funding incentives, the developer agreed to restrict 2/3 of the units at various income levels starting at 80% of AMI.

“Affiliated Development’s $81 million investment into the city’s historic Northwest community represents the single largest private investment in this neighborhood’s history and will deliver much needed workforce housing for our city’s residents,” said West Palm Beach Mayor Keith A. James. “This project supports the city’s efforts to build stronger neighborhoods and to provide better connections for residents between their home and their job.”

The project supports Mayor Keith James’ “500 in 3” initiative, an effort to create 500 workforce and/or affordable housing units in West Palm Beach within three years.

West Palm Beach is experiencing a wave of new residents and economic development as the city is quickly becoming a prime financial center for firms relocating from New York and other U.S. markets.

“Recent job growth has exacerbated the housing need,” explains Nick Rojo, Co-Founder and President of Affiliated Development. “As a longtime resident, it’s especially meaningful for me to help deliver such an impactful and transformative project to the city.”

In December 2020, Affiliated Development announced the successful closing of their $125 million housing impact fund to capitalize the company’s projects and tackle the region’s workforce housing crisis, largely comprised of local public pension plans. Affiliated Development has found a niche in public-private-partnership development and have over one-thousand workforce units in the pipeline throughout South Florida.

ALINA Residences Receives TCO In Boca Raton Following Record-Breaking $50 Million Q1 2021

ALINA Residences Boca Raton reached its final construction milestone after receiving its temporary certificate of occupancy (TCO). The nine-story, 121-resident property, located at 200 SE Mizner Blvd. in Boca Raton, will begin closings in April. The milestone comes just as the project achieved a record-breaking $50 million in sales in Q1 2021.

“ALINA’s story began on canvas as an exquisite painting by Boca’s very own architect, Peter Stromberg,” said Noam Ziv, Executive Director of Development at El-Ad National Properties. “To stand here today having overseen its journey from canvas to completion is a monumental moment for our team and the city of Boca.”

ALINA Residences is being developed by Florida-based El-Ad National Properties, an Elad Group company, designed by architect Peter Stromberg of Garcia Stromberg/GS4 Studios and brought to life by Moss Construction. A departure from Boca Raton’s robust Spanish-Mediterranean architecture, ALINA Residences is a beacon of modern living with seamless indoor/outdoor living spaces, boutique amenities and central downtown location.

“The organic design and artful details at ALINA evoke a sense of serenity and sophistication,” said Peter Stromberg – President of GarciaStromberg. “From exterior stone accents and expansive outdoor water features and gardens, to the highly curated interior finishes with custom-designed kitchens and spa-inspired bathrooms, the residences offer a sense of tranquility with stunning views of Boca Raton.”

Residences range from one-to-four bedrooms and span from 1,400 to over 4,800 square feet, with many featuring dens and private terraces overlooking the iconic Boca Raton Resort & Club golf course. The property includes 102 fully finished homes, 12 penthouses and an exclusive collection of seven villas with expansive terraces and private gardens.

ALINA Residences features 32,000 square-feet of private outdoor amenity space including a private rooftop pool deck with lounges and cabanas, outdoor dining and entertainment areas, or the outdoor yoga/ mediation greenspace. Indoors, residents will have access to a state-of-the-art fitness center, his/her spa and elegantly appointed clubroom.

The TCO marks the completion of ALINA Residences’ first phase of development, with two additional residential buildings planned to join the project in phase two.

For more information about ALINA Residences, private showings or purchasing/ leasing information please fill out the form below:

Monaco Yacht Club & Residences Drops Anchor To Celebrate Topping Off On Miami Beach

Monaco Yacht Club & Residences has topped off at 12-stories on Miami Beach after breaking ground February 2020. The milestone was celebrated by developer Optimum Asset Management USA, the exclusive sales broker Fortune Development Sales, and the general contractor Moss Construction. The project is slated for delivery at the end of 2021.

Monaco Yacht Club & Residences is located at 6800 Indian Creek Drive on Miami Beach and is an exclusive enclave of thirty-nine luxurious waterfront residences and a private marina in collaboration with two of the most recognized names in design, Piero Lissoni and Arquitectonica.

“Seeing Monaco Yacht Club & Residences come to life and now in its final dimensions is an especially proud moment,” said Matthew Barry, Managing Director of Optimum Asset Management USA. “The global response to the tower has been nothing short of compelling and a testament to its international appeal.  Now more so than ever before, buyers are recognizing the importance of having the intimacy of a full-service boutique building combined with the exclusivity of being located on one of the last remaining waterfront properties in the area.” 

Residences will be delivered fully-finished, each of the modern unit interiors were meticulously curated with precise attention to detail, inclusive of the refined Italian-made fixtures and finishes, with Arrigoni wide plank wood flooring from Austria.  The design palette of warm whites and rich woods for the lobby and the premier “Resident’s Lounge,” featuring a library and breakfast bar for leisurely waterfront dining designed to evoke a timeless, classic mood reminiscent of a luxurious Côte d’Azur summer resort.

“Luxury buyers from across the globe have been specifically seeking this project out for its boutique, full-service offering, unparalleled Bayfront location, and the rare opportunity to dock one’s boat in their very own backyard,” said Edgardo Defortuna, President and CEO of Fortune International Group, the project’s exclusive broker. “Combining the spectacular style and extraordinary talents of Piero Lissoni and Bernardo Fort-Brescia with an array of first-class services and amenities, Monaco Yacht Club & Residences celebrate the very best Miami Beach has to offer.”

Monaco Yacht Club & Residences will include one to four bedroom residences, ranging in size from 918 to nearly 5,000 square feet. A limited collection of two penthouses will offer expansive living areas, including private terraces with summer kitchens, starting at 2,888 square feet. Residences are primed for indoor/outdoor living and entertaining, the meticulously designed homes will feature expansive wraparound terraces, each with finished floors and ceilings with sweeping views of Biscayne Bay, the Atlantic Ocean and the Miami skyline.

Resort-style amenities include a breathtaking rooftop terrace with panoramic views of the Miami skyline featuring a pool with poolside chaise lounge chairs, Jacuzzi and shaded lounge areas with a grill for entertaining; as well as a state-of-the-art fitness center overlooking Biscayne Bay. Monaco Yacht Club & Residences also features a 12 slip marina available exclusively to residents, as well as a yachting concierge for maintenance needs, yacht charters or sailing, and fishing excursions for the day to the Bahamas, the Florida Keys or to enjoy the Atlantic Ocean.

Residences are priced from $1.1 million with exclusive sales and marketing overseen by Fortune Development Sales.

For more information about Monaco Yacht Club & Residences, private showings or purchasing/ leasing information please fill out the form below: