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Mandarin Oriental Broke Ground on Brickell Key Project

The hotel and residential development in Miami has already secured $1.7 billion in residential sales.

Updated on Oct. 6, 2026 in Hotels

Wide shot of a construction site on the Miami waterfront with steel beams, earthworks, and Atlantic water under bright midday sun.
Mandarin Oriental and Swire Properties have begun construction on their new two-tower luxury project on Miami's Brickell Key, reporting $1.7 billion in early residential sales. AI Illustration. Upload story photo >

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Mandarin Oriental and Swire Properties held a ceremonial groundbreaking for a new two-tower development on Brickell Key. The high-profile project, designed by architecture firm KPF, has already seen residential sales surpass $1.7 billion.

Why it matters

The development represents a strategic milestone for the Mandarin Oriental brand as it re-establishes a presence in Miami. It also highlights the growing market demand for luxury, hospitality-led residential living in prime waterfront locations.

The Brickell Key project features a two-tower design by KPF. Mandarin Oriental currently operates 16 branded residences globally and maintains a pipeline of 20 additional properties slated for completion by 2031.

The players

Mandarin Oriental

This international hotel group operates luxury hotels and residences in major cities across the globe.

Swire Properties

The company is a major developer, owner, and operator of mixed-use commercial and residential real estate properties.

KPF

Kohn Pedersen Fox is a global architecture firm known for designing large-scale commercial and residential skyscrapers.

The details

The development consists of two towers situated on Brickell Key, offering a mix of hotel and residential units. Designed by the architecture firm KPF, the site marks a significant investment in Miami's luxury real estate sector.

Timeline

  1. October 6, 2026: Groundbreaking ceremony held in Miami.

  2. 2026: Scheduled openings for Mandarin Oriental locations in Mallorca and Vienna.

  3. 2027: Scheduled openings for Mandarin Oriental locations in Rome and Cortina.

  4. By 2031: Twenty new residences are expected to open globally.

Travel Outlook

This project follows the industry-wide pattern of global luxury groups seeking to monetize brand equity through residential real estate. It reflects the broader transition toward hospitality-led living in urban centers like Miami, which continues to see significant investment.

The project serves as a sign of continued high-end residential expansion in the Brickell area, which may affect future property inventory for potential buyers. Residents and visitors should monitor site traffic on Brickell Key throughout the duration of the construction process.

The takeaway

The successful pre-construction sales figures demonstrate the enduring appeal of the luxury branded residence model in major metropolitan hubs. Investors and luxury seekers should track how this hospitality-led residential trend influences regional market pricing in the coming years.

Further reading

For more on the latest hospitality developments, visit our Hotels section.

Source note: This article includes information reported by Hotel Online.

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