Buyers Purchase 80% of Mandarin Oriental South Tower
The luxury Miami towers are currently under construction and scheduled for completion in 2030.
Updated on Oct. 15, 2026 in Residential
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Buyers have purchased 80% of the available units in the upcoming South Tower of the Residences at Mandarin Oriental, following the project's October 1, 2026, groundbreaking. The luxury residential complex on Brickell Key is scheduled for completion in 2030.
Why it matters
The high demand for these units highlights the shifting landscape of luxury real estate in Miami as developers focus on branded residences. This development replaces the former Mandarin Oriental Hotel, signaling a major transition in the waterfront use of Brickell Key.
Eighty percent of the South Tower units have been sold, including two penthouses that fetched $50 million each. The luxury units feature five bedrooms, six bathrooms, and floor plans reaching 5,840 square feet.
The players
Mandarin Oriental
A luxury hotel brand known for its high-end global properties and, in this case, its branded residential developments in major urban hubs.
The details
The project involves the construction of two residential towers on Brickell Key that will house a flagship North American hotel and luxury homes. The units are designed with high-end amenities such as private elevators and wrap-around terraces to maximize views of Biscayne Bay. The site plan connects the new structures to the existing Brickell Key bay walk, integrating the luxury development into the local waterfront infrastructure.
Timeline
April 2026: Demolition of the original Mandarin Oriental Hotel.
October 1, 2026: Groundbreaking celebration and sales announcement.
2030: Scheduled completion of the two-tower complex.
The Home Front
This development reflects the broader trend of branded luxury residences currently reshaping urban waterfront property values. It marks a significant shift from traditional hotel inventory toward long-term ownership models in prime Miami locations.
Prospective buyers should monitor local inventory shifts if looking for comparable waterfront high-rise amenities in the Brickell area. Current owners nearby may want to track how these large-scale completions influence long-term property tax assessments and regional infrastructure.
The takeaway
Large-scale luxury developments on Brickell Key demonstrate continued strong demand for high-end, amenity-rich residential space in Miami. If you are exploring high-value real estate, verify projected completion timelines and developer track records before finalizing any long-term purchase agreements.
What happens next
Construction of the two-tower complex is ongoing with a final completion date slated for 2030.
Further reading
For more on local market shifts, visit the Miami Residential section.
Source note: This article includes information reported by Miami New Times.
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