Swire Properties and Mandarin Oriental formally broke ground on October 6, 2026, on The Residences at Mandarin Oriental, Miami — a landmark two-tower development on the southern tip of Brickell Key that has already generated more than $1.7 billion in residential sales before a single floor has risen.

What exactly is being built on Brickell Key?

The project comprises two towers of dramatically different scales: a 66-story South Tower reaching 850 feet with 228 private residences, and a shorter 33-story North Tower at 426 feet housing 70 residences, 28 hotel-collection units, and a 121-room Mandarin Oriental flagship hotel. New York-based architecture firm Kohn Pedersen Fox designed both towers, with Miami-based Moss serving as general contractor.

  • South Tower: 66 stories, 850 feet tall, 228 private residences
  • North Tower: 33 stories, 426 feet tall, 70 residences plus 28 hotel-collection units
  • Flagship hotel: 121 rooms, returning Mandarin Oriental brand to Miami
  • General contractor: Moss; architect: Kohn Pedersen Fox

What happened to the original Mandarin Oriental hotel on this site?

The original Mandarin Oriental Miami hotel, which had anchored Brickell Key for decades, was demolished via controlled implosion in April 2026 to clear the site for the new development. The groundbreaking on October 6, 2026 marks the brand's formal relaunch in Miami after that demolition, with Swire Properties — the longtime developer and steward of Brickell Key — leading the redevelopment.

How does $1.7 billion in presales signal demand for Brickell luxury real estate?

Residential presales exceeding $1.7 billion before construction began reflect sustained high-end demand in Brickell, one of Miami's densest and fastest-growing urban neighborhoods. The figure positions The Residences at Mandarin Oriental, Miami among the highest-grossing residential presale campaigns in South Florida history, underscoring continued appetite from domestic and international buyers for branded luxury product on the island.

  • Presales surpassed $1.7 billion ahead of the October 6, 2026 groundbreaking
  • Brickell Key's island setting and limited land supply add scarcity value
  • Mandarin Oriental brand partnership appeals to globally mobile luxury buyers

When will the project be completed and what comes next?

Swire Properties has set a 2030 completion target for both towers and the hotel. Construction activity on Brickell Key's southern end will be visible from Brickell Avenue and the Metromover for the next several years as the project rises. No further phasing details or leasing timelines for the hotel component have been disclosed at this time.

Original reporting by Florida YIMBY.