Sitework has officially commenced on the Mandarin Oriental Hotel and Residences at 750 Claughton Island Drive on Miami's Brickell Key, marking the next chapter in a landmark redevelopment that has already surpassed $1.3 billion in total sales.

What is being built on Brickell Key?

Swire Properties and Mandarin Oriental Hotel Group are jointly developing a two-tower complex designed by global architecture firm Kohn Pedersen Fox (KPF) on the site of the original Mandarin Oriental Miami hotel, which was demolished in a widely watched implosion in April 2026. The project is expected to be complete by 2030 and will replace the longtime island landmark with a new mixed-use development combining hotel rooms and private residences.

  • Developer: Swire Properties, in partnership with Mandarin Oriental Hotel Group
  • Architect: Kohn Pedersen Fox
  • Address: 750 Claughton Island Drive, Brickell Key, Miami
  • Projected completion: 2030

Why are sales figures turning heads in Miami's luxury market?

The Mandarin Oriental Hotel and Residences has already recorded over $1.3 billion in total sales, driven in part by two penthouse transactions that each closed at $49.9 million — setting a record for condominium pricing on the Miami mainland at approximately $6,300 per square foot. Those figures place the project in rare company nationally, reflecting sustained ultra-luxury demand in Brickell even before a single floor of the new towers has risen above grade.

  • Two penthouses each sold for $49.9 million
  • Price per square foot: approximately $6,300 — a mainland Miami record
  • Total presales: more than $1.3 billion across the development

What does this mean for Brickell Key and the surrounding neighborhood?

The redevelopment signals a continued upward trajectory for Brickell Key, a small private island connected to the Brickell financial district by a single causeway. The demolition of the original hotel in April 2026 drew significant public attention, and the commencement of sitework now shifts the island's skyline story from teardown to construction. Once complete, the two new towers from KPF will substantially alter the island's profile and reinforce Brickell's position as one of South Florida's most competitive ultra-luxury residential corridors.

Original reporting on the sitework commencement was published by Florida YIMBY.