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 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.
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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Swire Properties' The Residences at Mandarin Oriental, Miami Completes Two Record-Setting Penthouse Sales Totaling Nearly $100 Million
Swire Properties has announced the sale of its two crown jewel penthouses at The Residences at Mandarin Oriental, Miami, each at a record setting $49.9 million. Sold to separate buyers within two weeks of each other, the nearly $100 million in combined sales – approximately $6,300 per sq. ft. – mark the highest-priced condominium transactions in mainland Miami history.
Swire Properties has announced the sale of its two crown jewel penthouses at The Residences at Mandarin Oriental, Miami, each at a record setting $49.9 million. Sold to separate buyers within two weeks of each other, the nearly $100 million in combined sales – approximately $6,300 per sq. ft. – mark the highest-priced condominium transactions in mainland Miami history and underscore sustained demand for the world-class enclave.
With these transactions, The Residences at Mandarin Oriental, Miami has surpassed $1.3 billion in total sales across its two towers, with February alone generating more than $90 million in sales. Pre-development work remains ahead of schedule, with groundbreaking anticipated in late 2026
“The record-setting sales of our two penthouses are a defining moment for The Residences at Mandarin Oriental, Miami and a testament to the enduring confidence in Swire Properties’ legacy on Brickell Key,” said Dave Martin, incoming President of Swire Properties Inc. “Setting a new benchmark for ultra-luxury living with the highest price per square foot ever achieved in mainland Miami, these sales affirm Miami’s status as a global destination and the strength of the Mandarin Oriental brand among discerning buyers who value timeless elegance and world-class service.”
Two penthouse sales prior to groundbreaking are an extraordinary achievement in the luxury residential market, affirming the enduring appeal and unmatched stature of The Residences at Mandarin Oriental, Miami. The milestone reflects buyers’ confidence not only in the enduring prestige of the Mandarin Oriental brand and Swire Properties’ proven track record, but also in the vision of the project’s world-class design team, whose architectural, interior and landscaping expertise has resonated with the most sophisticated audience.
Located on Brickell Key, the exclusive island enclave developed by Swire Properties in the heart of Miami, each two-story penthouse encompasses nearly 8,000 square feet of interior living space atop the development’s 66-story South Tower. Combining the scale and privacy of a standalone estate with the service and ease of resort living, each residence features an expansive rooftop terrace integrated into its bi-level design, complete with a private lap pool, built-in bar, and panoramic views spanning Biscayne Bay, the Atlantic Ocean, and the Miami skyline.
Each penthouse includes five bedrooms, seven bathrooms, three powder rooms, and a library. Private elevators open into a grand entry foyer and expansive entertaining spaces. A gourmet Molteni&C kitchen with Gaggenau appliances is complemented by a separate chef’s kitchen. Additional features include a wine bar, sauna, staff quarters, and private storage adjacent to the residence.
“These milestone sales mark a significant moment for The Residences at Mandarin Oriental, Miami and reflect the extraordinary success the project has achieved since launch,” said Edgardo Defortuna, President and CEO of Fortune International Group. “The sale of both penthouses speaks to the strong global demand for exceptional branded residences and highlights the momentum this landmark project continues to generate, not only in Miami, but across the new construction market.”
These penthouse sales are the latest signal that affluent buyers continue to gravitate toward Miami and South Florida. In 2025, the region’s ultra-luxury segment recorded one of its strongest years ever, with closings above $10 million reaching the second-highest total on record, according to the MIAMI Association of Realtors. Early 2026 activity indicates heightened demand from buyers relocating from high-tax states such as California and New York – with these dual penthouse transactions serving as a clear indicator of that sustained momentum.
Designed by globally renowned architecture firm Kohn Pedersen Fox (KPF), The Residences at Mandarin Oriental, Miami unfolds across two distinct towers. The 66-story South Tower is dedicated to 228 private residences, while the 33-story North Tower introduces 70 private residences, 28 turnkey Hotel Collection residences, and 121 hotel guest rooms – seamlessly integrating residential ownership with Mandarin Oriental’s signature hospitality.
The South Tower’s amenities and common spaces are envisioned by acclaimed Parisian designer Tristan Auer, bringing a refined, hospitality-driven sensibility to shared environments. The North Tower’s private residences are imagined by AD100 designer Laura Gonzalez, defined by warmth, craftsmanship, and richly layered detailing. Together, the interiors reflect the project’s dual-tower composition – each with its own character, unified by a shared standard of design excellence.
Floorplans range from two- to five-bedroom residences in the South Tower, while the North Tower offers two- to four-bedroom private residences alongside turnkey Hotel Collection residences. Homes are defined by floor-to-ceiling glass sliding doors, private elevators and entry lobbies, and expansive living areas that blur the line between indoor and outdoor living – all thoughtfully oriented to capture sweeping vistas of the ocean, bay and city skyline. 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. Optional infrared saunas are available in select residences.
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. Conceptualized by Thailand-based landscape architect SHMA, the lushly landscaped podium includes an immersive forest walk woven through verdant gardens.
The amenity collection includes two state-of-the-art fitness centers, 11 resort-style pools cascading across multiple levels with private cabanas, wellness cabanas for outdoor treatments, and dining pavilions with outdoor grills. Residents also enjoy 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 a dedicated children’s club. Within the hotel, residents have access to Mandarin Oriental’s award-winning signature spa, globally recognized for treatments blending ancient healing traditions with modern luxury.
Pricing for the remaining South Tower residences begins at $6.6 million, with North Tower Residences starting at $3.9 million. Fortune Development Sales is exclusively managing sales for The Residences at Mandarin Oriental, Miami.
Renderings via RMOMIA, Tower Rendering via Binyan Studios
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Swire Properties Launches Sales For North Tower of The Residences at Mandarin Oriental, Miami
Swire Properties, Inc. has officially launched sales of the North Tower of The Residences at Mandarin Oriental, Miami. Part of the unparalleled residential and hospitality destination that is The Residences at Mandarin Oriental, Miami, The Residences’ North Tower will feature 70 two- to four-bedroom Private Residences and what is destined to be Mandarin Oriental’s new North American flagship hotel.
Swire Properties, Inc. has officially launched sales of the North Tower of The Residences at Mandarin Oriental, Miami. Part of the unparalleled residential and hospitality destination that is The Residences at Mandarin Oriental, Miami, The Residences’ North Tower will feature 70 two- to four-bedroom Private Residences and what is destined to be Mandarin Oriental’s new North American flagship hotel. The exceptional development is scheduled for delivery in 2030. Pricing for the North Tower’s Private Residences is anticipated to begin at $3.9 million.
The North Tower also hosts Hotel Residences, comprising 28 turnkey, fully furnished one- to two-bedroom homes, which start at $3.8 million and are already 75% reserved. The launch of the North Tower Residences follows the remarkable success of the development’s South Tower, which began sales in April 2024 and is currently over 50% sold with $1.2 billion in sales. Within the last month, The Residences at Mandarin Oriental, Miami has seen an impressive $127 million in sales. Pricing for the remaining South Tower Residences starts at $6.6 million.
Within the North Tower, Private Residences are conceived by AD 100 Parisian designer Laura Gonzalez, her first new residential development in the United States. Known for her maximalist flair, Laura Gonzalez’s interiors will bring the highest level of design and elegance to Miami. Her experience spans the globe with projects that include Printemps’ first location in New York, Paris’ Saint James Hotel, and Cartier Maisons across the world. The building’s exterior is designed, like the South Tower, by renowned architect Kohn Pedersen Fox.
“Bringing the North Tower to market is a significant milestone,” said Henry Bott, President of Swire Properties. “With the tremendous buyer response we’ve seen to date on the South Tower, we’re pleased to offer a new and differentiated product for those who enjoy the convenience of the hotel lifestyle. We look forward to exceeding both buyer and market expectations and further establishing The Residences at Mandarin Oriental, Miami as the foremost ultra-luxury branded residence in Miami.”
“For The Residences at Mandarin Oriental, Miami, we sought to capture the spirit of Brickell Key. We wove in a Miami-inspired palette of blues and sands, along with organic textures and soft, curving forms. This approach aimed to infuse each home with soul, fostering joy and a true sense of belonging for every resident,” said Laura Gonzalez.
The North Tower
Rising 426 feet, the North Tower offers two distinct arrival experiences, one exclusively for hotel guests and another reserved for residents. Both entrances open into a lush, resort-inspired oasis designed by renowned Thai landscape firm SHMA, setting the tone for the indoor-outdoor lifestyle that defines The Residences. Inside, floor-to-ceiling glass windows flood each home with natural light and seamlessly connect to expansive private terraces, a hallmark of Florida living.
The 70 Private Residences are expected to feature custom Molteni&C cabinetry available in warm or cool palettes, sleek Dornbracht fixtures, state-of-the-art Gaggenau appliances, and an undercounter wine storage with capacity for up to 34 bottles that transform everyday culinary moments into elevated experiences. Spa-inspired primary bathrooms continue the sense of refinement with Dornbracht fixtures, custom vanities with backlit mirrors, and built-in storage designed for modern living.
North Tower residents will enjoy private access to an extraordinary 80,000 square feet of amenities on a multi-tiered podium, offering distinct zones for relaxation, dining, and connection. Additional North Tower exclusives are anticipated to include an Honor Bar in the lobby, as well as a 19th-level Residents’ Lounge with a chef’s kitchen and flexible private dining or meeting spaces, perfect for intimate gatherings or business needs.
Beyond the North Tower, residents are granted privileged access to the world of Mandarin Oriental, Miami. From resort and lounge pools to the iconic Spa at Mandarin Oriental and signature waterfront dining overlooking Biscayne Bay, every day offers an opportunity to unwind, celebrate, or connect, all just steps from home. Complementing these amenities is the dedicated Mandarin Oriental residential team, on hand 24/7 to provide personalized services that make life effortless and truly exceptional.
Group Chief Executive of Mandarin Oriental, Laurent Kleitman, said, “The North Tower represents a rare opportunity to own a home that unites Miami’s vibrant spirit with Mandarin Oriental’s legendary service and craftsmanship. Conceived with exceptional design and privileged access to our world of wellness, dining and cultural experiences, these residences will redefine private living on Brickell Key. For owners, it is not simply about acquiring a residence, but about embracing a way of life that is both refined and truly exceptional.”
A Legendary Offering on Brickell Key
The Residences at Mandarin Oriental, Miami combines world-class architecture with Mandarin Oriental’s legendary service on the exclusive island enclave of Brickell Key. As the culmination of Swire Properties’ decades-long legacy on Brickell Key, this landmark development offers buyers the final opportunity to own a new-construction home on this exclusive island.
Mandarin Oriental, renowned for operating more Forbes Five-Star spas than any other hotel group, will also bring its expertise in wellness to the property. Residents will have access to signature spa treatments, wellness retreats, and personalized fitness programming, complemented by amenities such as a forest yoga lawn, tea garden, saunas, hammam, wellness pool deck with cold plunge and hot tub, private cabanas, state-of-the-art fitness center, and a multi-use sports court.
The Residences’ Sales Pavilion on Brickell Key is now open for buyers seeking more information. Construction on The Residences is slated to begin in 2026, with completion anticipated in 2030. Fortune Development Sales is managing sales.
Renderings via Binyan Studios
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Swire Properties Reveals Unprecedented Exclusive Partnership With Harrods at 'The Residences at Mandarin Oriental, Miami'
Swire Properties has revealed a groundbreaking partnership with Harrods Interior Design, marking the brand’s first-ever collaboration with a residential development in the United States. This partnership brings Harrods’ renowned craftsmanship and personalized service to The Residences at Mandarin Oriental, Miami.
Swire Properties has revealed a groundbreaking partnership with Harrods Interior Design, marking the brand’s first-ever collaboration with a residential development in the United States. This partnership brings Harrods’ renowned craftsmanship and personalized service to The Residences at Mandarin Oriental, Miami, introducing bespoke design offerings unlike anything currently available in the market.
Through this partnership, each buyer at The Residences will receive a complimentary consultation with the Harrods Interior Design team. When utilizing Harrods Interior Design’s services, buyers can envision their homes with the same excellence that has defined Harrods for over 175 years. Exclusive Harrods Interior Design services encompass a fully customized vision, including planning, custom furnishings, interior styling, white-glove installation, global sourcing, and project management.
At the pinnacle of the collaboration is Harrods Interior Design's concept for The Knightsbridge Penthouse within The Residences at Mandarin Oriental, Miami’s South Tower, a one-of-a-kind opportunity for a distinguished buyer to personalize the $50 million residence with interiors imagined by Harrods Interior Design, representing the height of elegance and exclusivity.
This partnership brings together three iconic luxury brands—Swire Properties, Mandarin Oriental, and Harrods—with more than 400 years of combined global expertise. Together, they are delivering an unmatched level of sophistication and service to Miami’s Brickell Key.
A Penthouse Like No Other
The Knightsbridge Penthouse represents the most exclusive offering within the partnership between Harrods Interior Design and The Residences at Mandarin Oriental, Miami. Imagined by Harrods Interior Design, this fully customizable residence offers a unique opportunity for the buyer to shape their home at the highest level of luxury. Its name pays tribute to the heritage of refinement and international elegance, referencing London’s prestigious Knightsbridge neighborhood, home to the iconic Mandarin Oriental Hyde Park, London. Originally opened in 1902 as the Hyde Park Hotel and reimagined as Mandarin Oriental Hyde Park, London in 1996, the hotel has long been the city’s destination of choice for the royal family, dignitaries, and global tastemakers.
Every element of the vision for The Knightsbridge Penthouse features distinctive details and refined touches that combine seamlessly, creating a living showcase of craftsmanship and elevated design. The expansive four-bedroom residence is anticipated to span approximately 7,965 square feet of interior space and include multiple terraces and an outdoor pool that captures sweeping views of Biscayne Bay and downtown Miami. Luxurious materials and artistic elements are layered throughout the home, beginning with a bespoke Murano glass chandelier in the entrance foyer. Additional highlights include Taj Mahal marble flooring, richly veined travertine, and specially commissioned fixtures and artwork, including a striking metallic mosaic pool design by artist Mathilde Jonquiere.
The penthouse’s principal suite is conceived as a textured sanctuary, inspired by the serene atmosphere of a luxury yacht and opening onto a private terrace. The en-suite bathroom engages the senses, featuring a carved stone vanity, brushed nickel fixtures, and a freestanding bathtub positioned to take in the water views. Thoughtfully created “his” and “hers” dressing rooms balance function and indulgence, turning the act of getting ready into a luxurious daily ritual.
The concept also features a dedicated wellness wing offers the ultimate private retreat, including a fully outfitted home gym with PENT equipment and Swarovski crystal-accented dumbbells. An adjacent terrace features a private lap pool and an open-air shower by Sola, suspended 800 feet above the city. Additional wellness amenities include a Dornbracht feature shower in 24-karat champagne gold and a sauna with a one-of-a-kind Himalayan salt wall.
The home features expansive outdoor terraces ideal for sophisticated entertaining and gatherings under the stars, alongside a dramatic formal dining room and lounge with panoramic views. For more intimate occasions, a speakeasy-style bar provides a warm, atmospheric retreat, complete with backlit shelves to showcase rare and premium spirits. Enhancing every aspect of the living experience, the buyer will enjoy exclusive access to dedicated Mandarin Oriental residential staff, ensuring every detail is flawlessly managed and every moment at home is effortless.
Global Design Meets Miami Excellence on Brickell Key
The Residences at Mandarin Oriental, Miami comprises two towers, bringing together world-class design and the legendary service of Mandarin Oriental. The Residences’ South Tower will feature 228 residences, while the North Tower will feature the new Mandarin Oriental hotel with 121 rooms and an additional 70 private residences and 28 hotel residences set to launch sales later this year.
At The Residences at Mandarin Oriental, Miami, world-class design is paramount. Harrods' interior design team joins an impressive roster of talented designers that spans the globe, including AD 100 honorees Tristan Auer and Laura Gonzalez, who are responsible for the private residences within the South and North Towers, respectively. Harrods’ wide range of services available to The Residences’ buyers is on par with Mandarin Oriental’s legendary service, which stands at the cornerstone of The Residences and the new Mandarin Oriental, Miami hotel, set to become Mandarin Oriental’s new North American flagship. These services bring the luxury Harrods is known for to The Residences’ discerning buyers, offering sophistication and ease as they move into their new home.
“The Residences at Mandarin Oriental, Miami, are designed to provide a best-in-class luxury lifestyle. At Swire, as a company founded in the UK in 1816, we have a unique appreciation for Harrods’ brand and legacy. We are excited to bring our buyers this rare offering, allowing them to collaborate with this lauded team for the first time on a luxury development in the US,” said Henry Bott, President, Swire Properties, Inc. USA.
Led by Head of Interior Design Letitia Fitzgibbon, who has been with Harrods for 25 years, Harrods Interior Design is known for its visionary work across Europe and the U.K., from historic estates to five-star hotels. The studio brings the highest level of discretion, quality, and customization, backed by the Harrods legacy of excellence and personal service.
“The Knightsbridge Penthouse is an amazing space, and the significance of this partnership cannot be underestimated. This guided our vision to create something that honors the excellence and heritage of the brands whilst cultivating an elevated and enriched art of living for the Penthouse residents, unparalleled in Miami. Every detail has been considered, from the palette of hand-picked and carved natural stone to the exquisite private glass elevator overlooking Biscayne Bay and Miami's skyline,” said Letitia Fitzgibbon, Head of Interior Design Studio at Harrods.
Set for delivery in 2030, The Residences at Mandarin Oriental, Miami, has seen a tremendous sales response to date with $1 billion in sales and the South Tower over 50% sold. Swire Properties has been responsible for developing Brickell Key for more than 40 years, and The Residences offers discerning buyers the final opportunity to own a luxurious piece of a new development on the highly desirable island community.
Pricing for The Residences at Mandarin Oriental, Miami’s South Tower begins at $4.9 million.
Renderings via RMOMIA, Tower Rendering via Binyan Studios
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Swire Properties Sells Brickell City Centre Retail and Parking Components to Simon Property Group For $512 Million
In a significant real estate transaction for Miami’s urban core, Swire Properties Inc. has finalized the sale of its interest in the retail and parking components of Brickell City Centre to Simon Property Group for approximately $512 million.
In a significant real estate transaction for Miami’s urban core, Swire Properties Inc. has finalized the sale of its interest in the retail and parking components of Brickell City Centre to Simon Property Group for approximately $512 million. The deal marks the conclusion of a decade-long partnership between the two firms and further consolidates Simon’s presence in one of Miami’s most high-profile mixed-use developments.
Prior to this acquisition, Simon, one of the world’s largest real estate investment trusts focused on premier shopping, dining, and mixed-use destinations, held a 25% stake in the retail component of Brickell City Centre. Swire Properties, the original developer of the project, retained a 75% interest in the retail and full ownership of the parking facilities. With the completion of this transaction, Simon now assumes full ownership and management responsibilities for both the retail and parking at the development.
Completed in 2016, Brickell City Centre has become a defining element of Miami’s evolving skyline and urban experience. The project spans approximately five million square feet and includes a 500,000-square-foot open-air retail center, designed with its signature Climate Ribbon—an architectural canopy that provides shade, enhances airflow, and collects rainwater, contributing to the center’s sustainability features.
The retail center stretches across three city blocks and offers four levels of shopping, dining, and entertainment, anchored by Saks Fifth Avenue and home to more than 90 retail stores, including Apple, Chanel Fragrance & Beauty Boutique, Nike, Coach, Zara, and Richard Mille. Dining and entertainment options range from Casa Tua Cucina and Motek to CMX’s luxury cinema and PuttShack, reinforcing Brickell City Centre’s position as a premier lifestyle destination.
Swire Properties described the divestment as part of its ongoing capital recycling strategy, which focuses on reallocating resources into new growth opportunities. Proceeds from the sale will support the company’s HK$100 billion global investment plan announced in 2022, with HK$20 billion allocated specifically for residential development projects such as The Residences at Mandarin Oriental, Miami. That project has already surpassed $1 billion in contract sales, with more than 50% of South Tower units sold.
Simon has indicated that it will retain as many members of Brickell City Centre’s existing operations team as possible to ensure a seamless transition. The acquisition consolidates Simon’s position within Miami’s growing retail and mixed-use market, adding another high-profile asset to its portfolio at a time when the Brickell district continues to attract global attention as a center for finance, technology, and luxury development.
Images via Swire Property Group
The Melo Group Acquires Lot Adjacent To Brickell City Centre From Swire Properties For $211.5 Million In All Cash Deal
The Melo Group has acquired 2.83 acres of premium land from Swire Properties at 700-799 Brickell Avenue, strategically located next to Brickell City Centre, Miami’s premier shopping and culinary destination.
The Melo Group has acquired 2.83 acres of premium land from Swire Properties at 700-799 Brickell Avenue, strategically located next to Brickell City Centre, Miami’s premier shopping and culinary destination. The acquisition, valued at $211.5 million with the potential to increase to $221.5 million, was completed as an all cash deal. This acquisition places The Melo Group in a strategic position with unique and irreplaceable land next to Brickell City Centre which was previously the site for Swire Properties and Related Companies proposed One Brickell City Centre supertall office tower.
“This transaction was executed between both companies with remarkable collaboration and precision. We extend our sincere gratitude to Swire Properties, its president, Henry Bott, and the entire team for their professionalism and collaboration in ensuring a seamless process,” said Martin Melo, Principal at The Melo Group. “We are pleased to have secured such a significant property and look forward to unlocking its full potential in the heart of Brickell.”
The Melo Group is currently building waterfront dual tower Aria Reserve, a luxury enclave in the popular Edgewater neighborhood in Miami, and Downtown 6, a rental community in downtown Miami. They have built more over 8,000 units in the Downtown Miami area over the past 15 years.
“We have chosen this land in Miami’s urban core because we have witnessed its remarkable growth, continue to see its immense potential, and appreciate how vibrantly it has evolved into a cosmopolitan city.” Adds Carlos Melo, Principal at The Melo Group.
CBRE successfully marketed and facilitated the sale of the property on behalf of Swire Properties, with efforts led by Robert Given, Troy Ballard, Brad Capas, and James Quinn. "For a project of this scale and complexity, the buyers moved remarkably fast," said Given. "With their deep expertise in Miami, the Melo Group swiftly recognized the quality of the site and committed to an aggressive acquisition timeline."
The Residences at Mandarin Oriental, Miami Hits $1 Billion In Sales at 50% Sold
The Residences at Mandarin Oriental, Miami, being developed by Swire Properties and designed by Kohn Pedersen Fox, has hit $1 billion in sales, with the South Tower now 50% sold, after launching sales last year.
The Residences at Mandarin Oriental, Miami, being developed by Swire Properties and designed by Kohn Pedersen Fox (KPF), has hit $1 billion in sales, with the South Tower now 50% sold, after launching sales last year. The Residences have seen impressive buyer response from across the globe and underscores the appeal of this one-of-a-kind offering, set on the last developable site of Miami’s prestigious Brickell Key.
Swire Properties is also giving a first look at the forthcoming Mandarin Oriental, Miami hotel, soon to become the renowned hospitality brand’s new North American flagship. The hotel will be situated in the North Tower of the development and will also feature additional Residences for sale, which will be launched later this year. The property will feature 100,000 square feet of world-class amenities spread across a lushly landscaped, multi-tiered resort-style podium, with landscapes by Thai firm Shma.
The Residences at Mandarin Oriental, Miami, combines world-class design with the legendary service of Mandarin Oriental Hotel Group and offers the final opportunity to own new development on Miami’s exclusive Brickell Key. The Residences comprise two towers designed by Kohn Pedersen Fox (KPF).
The South Tower, featuring 228 residences, includes interiors envisioned by renowned Parisian Tristan Auer. The Residences’ North Tower will house Mandarin Oriental's new North American flagship hotel along with an additional 66 private and 28 hotel residences. Fortune Development Sales is the exclusive sales and marketing agent for The Residences. Pricing for current availability starts at $4,900,000 with an anticipated completion date of 2030.
Renderings via Binyan Studios
For more information about The Residences at Mandarin Oriental, Miami or to inquire about purchasing a unit please fill out the form below:
Meet Our Panelists For The PROFILEmiami State of the Market 2025 Coming Up April 10
Meet our panelists! On April 10, 2025 PROFILEmiami is set to host our third annual ‘State of the Market’ event exploring Commercial and Residential real estate markets in Miami at the luxurious Modern Stones Showroom in Doral featuring a distinguished group of panelists who are some of the most active developers in South Florida.
On April 10, 2025 PROFILEmiami is set to host our third annual ‘State of the Market’ event exploring Commercial and Residential real estate markets in Miami at the luxurious Modern Stones Showroom in Doral featuring a distinguished group of panelists who are some of the most active developers in South Florida developers including Henry Bott (Swire Properties), Russell Galbut (GFO Investments), Isaac Toledano (BH Group), Carlos Rosso (Rosso Development) and risk insurance expert Lisa Holt (Ivy Risk Strategies).
The PROFILEconnect: State of the Market 2025 is set to be one of our largest events yet as the next installment of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series with over 300+ anticipated industry attendees. The event will take place next Thursday, April 10 at 5 PM at Modern Stones.
Leading Swire Properties in Miami, Henry Bott has overseen the transformation of Brickell with the development of Brickell City Centre and now will transform the skyline and Brickell Key with the launch of Mandarin Oriental Residences, Miami.
Russell Galbut of GFO Investments recently completed two projects overlooking both sides of Biscayne Bay, delivering the tallest tower in Miami Beach, Five Park and The Gale Hotel & Residences, Miami in Downtown Miami. He is now developing 14 Roc in Downtown Miami’s Arts & Entertainment District.
Isaac Toledano’s BH Group has been very active in South Florida, recently breaking ground on Six Fisher Island and launching Viceroy Residences Aventura in partnership with Related Group. BH Group has also teamed up with Lennar to develop Greenview at Presidential also nearby Aventura.
Carlos Rosso leads Rosso Development and is nearing completion of The Standard Residences, Midtown Miami. Rosso development also recently launched sales of Midtown Park Residences by Proper as part of a $2 billion mixed-use development in Midtown Miami.
Ivy Risk Strategies Lisa Holt has over $150 million in placed premiums and has insured over $1 billion in property value and $2.8 billion in Property and Liability coverage for high-valued construction projects. Notable work include the Margarittaville Hotel & Cottages Orlando, InterMiami Stadium & Training Facility Fort Lauderdale, Tower 155 in Boca Raton and Ivory 214 in Aventura’s Medical District.
Meet Our Panelists:
Reserve Your Spot Today!
The PROFILEconnect: State of the Market 2025 is set to be one of our largest events yet as the next installment of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series with over 300+ anticipated industry attendees. The event will feature an in-depth panel exploring both commercial and residential markets real estate across South Florida, matched with a trendy evening soirée of bespoke networking, cocktails and a real estate showcase featuring The Mandarin Oriental Residences Miami, Modern Stones, Resurface Wraps, CPS Outdoors, Jacob Construction, Condesa Kitchens, Blackline and La Cuisine Appliances. The relaxed and open PROFILEconnect setting provides an amazing opportunity to network with Miami’s top industry leaders and market makers, continuing post-panel with cocktails by E11EVEN Vodka and sounds by local Miami-based DJ San_Dee.
The event will feature two distinct rooms, a Panel Room offering an engaging panel discussion about the state of the commercial and residential real estate market in a quiet setting and an upbeat Showcase Room featuring PROFILEmiami’s signature Bespoke Networking & Cocktails matched with a real estate showcase featuring South Florida’s top development projects, real estate + design companies and vendors.
PROFILEconnect brings together Miami’s real estate industry and business professionals to network and connect outside of a business setting. PROFILEconnect is attended by Miami’s top investors, developers, business professionals, brokers, financiers, architects and designers. Guests have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders. Past speakers and attendees have included Allen Morris, Gil Dezer, Edgardo Defortuna, Jay Phillip Parker, Daniel de la Vega, Robert Rivani, Michael Simkins and Ronny Finvarb, amongst others.
Who Should Attend: Developers, Investors, Brokers, Financiers, Architects, Interior Designers, Design Vendors, Construction & GC’s, Lawyers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.
Date & Time: Thursday April 10, 2025 | 5 PM - 9 PM
Where: Modern Stones, 7370 NW 43rd St. Miami, FL 33136
Tickets: $150 All Access - Early Bird Sold Out
Schedule:
5 PM - 6:30 PM: Cocktails & Networking w/ sound by San_Dee
6:30 PM - 7:15 PM: Commercial State of the Market Panel
7:15 PM - 8 PM: Residential State of the Market Panel
8 PM - 9 PM: Cocktails & Networking w/ sounds by San_Dee
Music / DJ: San_Dee
Food & Drinks By: E11EVEN Vodka
Thank You To Our Sponsors:
The Residences at Mandarin Oriental, Miami Unveils Extensive Amenities and Achieves $800 Million in Sales
The Residences at Mandarin Oriental has officially unveiled its impressive array of amenities, boasting over 100,000 square feet dedicated to high-end leisure and relaxation. Developed by Swire Properties, the project features a multi-tiered, resort-style podium surrounded by lush landscaping.
The Residences at Mandarin Oriental has officially unveiled its impressive array of amenities, boasting over 100,000 square feet dedicated to high-end leisure and relaxation. Developed by Swire Properties, the project features a multi-tiered, resort-style podium surrounded by lush landscaping, promising an unmatched living experience in one of the city’s most coveted neighborhoods.
The response from buyers has been overwhelmingly positive, with sales reaching an impressive $800 million to date, averaging a remarkable $100 million per month in transactions. This strong performance is particularly notable within Miami’s competitive residential market, as the properties have been selling at an approximate price of $2,500 per square foot, with several residences exceeding $3,000 per square foot.
Fortune Development Sales is the exclusive sales and marketing firm representing The Residences with pricing starting at $4,900,000. The property has an anticipated completion date of 2030.
The appeal of The Residences is significantly enhanced by its robust array of amenities, all serviced by the prestigious Mandarin Oriental brand, which will also include the new North American flagship hotel on-site. Key highlights of the amenity offerings include:
An Unrivaled Pool Experience: Eleven pools—more than any other new development in Miami—along with a luxurious poolside lounge operated by Mandarin Oriental.
Wellness Facilities: A wellness deck featuring a hot tub, cold plunge, and private cabanas for outdoor treatments amid serene greenery.
Meditative Spaces: An immersive hammock garden and a forest yoga lawn complemented by various meditative garden areas designed to promote tranquility.
Dining Options: A choice of private dining venues, including a pavilion with stunning sunset and skyline views, an indoor private dining room with a chef’s kitchen, and a wine cellar, alongside multiple restaurants led by renowned chefs from around the world.
Recreational Amenities: An indoor multi-purpose sports court catering to basketball, pickleball, or padel, enhancing the active lifestyle options for residents.
Spa Services: The signature Mandarin Oriental spa offering award-winning treatments in a serene environment.
Hospitality Features: A dedicated hospitality console in the lobby providing infused water and daily provisions for residents.
The Residences at Mandarin Oriental, Miami, encompasses two towers designed by the acclaimed architecture firm Kohn Pedersen Fox (KPF). The South Tower will feature 228 residences with interiors by renowned Parisian designer Tristan Auer. The North Tower, with interiors by AD 100 designer Laura Gonzalez, will feature the new North American flagship Mandarin Oriental hotel – with 121 rooms, a signature Spa at Mandarin Oriental, and multiple intimate fine-dining and al fresco restaurants – along with an additional 66 private residences and 28 hotel residences slated to be launched soon. Swire Properties has been responsible for developing Brickell Key for more than 40 years, and The Residences offers the final opportunity to own a luxurious piece of a new development on the highly desirable island community.
Renderings via The Boundary, The Residences at Mandarin Oriental & Optimist Consulting
For more information about The Residences at Mandarin Oriental or to inquire about purchasing a unit please fill out the form below:
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 on Brickell Key.