Swire Properties Breaks Ground on Miami Mandarin Oriental
The luxury development on Brickell Key features two towers and is expected to become the brand's North American flagship hotel.
Updated on Oct. 26, 2026 in Construction
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Swire Properties has officially commenced construction on The Residences at Mandarin Oriental, Miami. This massive project on Brickell Key will serve as the luxury hotel brand's primary North American flagship upon its completion in 2030.
Why it matters
The development represents a major expansion for the luxury hotel brand in the Miami market, with total sales already exceeding $1.7 billion. The project underscores the continued demand for high-end real estate in the city.
The 33-story North Tower and 66-story South Tower feature a combined 419 total residential and hotel units. Sales are currently 25% complete for the North Tower and 80% complete for the South Tower, with penthouse units reaching $49.9 million.
The players
Swire Properties
A major international developer known for large-scale urban projects and significant investments in the Brickell area of Miami.
Mandarin Oriental
An internationally recognized luxury hotel and resort group that operates properties across the globe.
Fortune Development Sales
A prominent real estate firm in South Florida that specializes in marketing and selling luxury residential developments.
The details
The development includes 121 hotel rooms, 70 private residences, and 28 Hotel Collection residences in the North Tower, while the South Tower houses 228 private condominiums. Fortune Development Sales is currently managing the sales process for the property.
Timeline
Two penthouses sold for $49.9 million each earlier this year.
The Residences at Mandarin Oriental, Miami is scheduled to open in 2030.
Market Landscape
This development follows the density guidelines established by the Brickell Key Master Plan, extending the island's high-end residential footprint. It positions Swire Properties to capture significant market share in the ultra-luxury sector against other major Miami developers.
With South Tower units starting at $7 million and North Tower residences beginning at $4 million, the project is targeting an exclusive high-net-worth segment of the market. Buyers interested in the development can work through Fortune Development Sales for specific unit availability.
The takeaway
The commencement of construction signals a long-term confidence in Miami's luxury housing market leading into 2030. Prospective high-end buyers should track sales milestones for the remaining available units in the North Tower.
Further reading
For more information on ongoing building projects in the region, visit the Construction section.
Source note: This article includes information reported by South Florida Agent Magazine.
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