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BY Michael Light / On February 29, 2024

In a booming real estate market like the one Miami is currently experiencing, it can be easy to get lost in the sea of new projects. In order to bring clarification for our readers and clients, we are going to discuss the features that stand out in our favorite opportunities for each neighborhood.

To begin, we will discuss The Residences at Mandarin Oriental, Miami, which is coming to Brickell Key.

Having recently launched sales, this is one of the newest projects in the Miami area. It was initially announced in the summer of 2023, with sales launching in November. The Residences at Mandarin Oriental, Miami is one of our favorite projects for a host of reasons.

Location

It is the oldest lesson in the real estate book; location, location, location. Owners at The Mandarin Oriental Residences, Miami will be fortunate to enjoy a one-of-a-kind location in Miami for this special project.

One Island Drive is a sprawling 5-acre waterfront location, situated on the southern tip of Brickell Key. Brickell Key is a private island adjacent to the Miami Financial District, offering a tranquil haven to those seeking privacy.

With such a large footprint for the project on the island, residents will have room to experience true resort-style living within the city where space is luxury.

Rendering of The Residences at Mandarin Oriental, Miami One Island Drive Brickell Key Pool
Rendering of The Residences at Mandarin Oriental, Miami One Island Drive Brickell Key Pool

Mandarin Oriental’s Views

As the build site is on an island in the middle of the Biscayne Bay, the residences will each offer expansive views. Buyers will be able to choose between views of the Biscayne Bay, the Port of Miami, and several different combinations of bay and skyline. Higher floors will also offer views of the Atlantic Ocean. There is no floor plan or line of the building that offers a less-exquisite view.

Another aspect of the view to be mindful of is the fact that all of the views are protected. One Island Drive is the last available build site on Brickell Key, which protects the immediate views to the north. There is no risk of a tower being constructed next door, blocking the adjacent views. The other three sides of the lot are direct waterfront, which are of course protected.

Pictured below is the build site for The Mandarin Oriental Residences, Miami. The existing hotel will be demolished in order to make space for the new 60-suite hotel that will be constructed after the 220-unit residential tower is constructed on the green space shown.

The developers have owned this development site for 40 years, waiting for just the right moment to put their finishing touch on Brickell Key Island.

Mandarin Oriental Hotel on Brickell Key Miami
Mandarin Oriental Hotel on Brickell Key Miami

The Project Makeup/Exclusivity and Privacy

The Mandarin Oriental Residences, Miami will be divided into two sleek towers that share an amenity podium with over 100,000 square feet of exceptional resort-style amenities. Included on the amenity levels will be cascading infinity pools that offer the illusion of the crystal-clear ocean, private cabanas, world-class restaurants with award-winning chefs and a signature wellness center with fitness and spa facilities.

Phase One is slated to include 220 private residences in a 64-story tower that rises 800 feet. These homes will range from an impressive 2,333 square foot two-bedroom plan to four-bedroom layouts that are over 4,000 square feet. In the lower floors, every floor has 5 residences with private elevators and expansive terraces.

As you travel up the tower, the residences get larger with fewer per floor until you reach the penthouse level. On the top floors, Swire has planned two elegant duplex penthouses that cover an expansive 7,000 square feet under air and the most panoramic views you can imagine.

The second tower will include the new Mandarin Oriental Hotel. It will be 400 feet tall and offer 151 guest rooms, 61 private residences and 28 hotel residences.

The addition of this separate hotel tower will offer the true resort experience to owners of Mandarin Oriental Residences, Miami, yet without losing the privacy of living in a boutique development. The hotel tower will be accessible for the residence owners, yet hotel guests will only be permitted in the residential tower by invitation.

Overall, the project will be evocative of a private tropical Eden. The landscape architects have planned lush greenery with flowering plants that offer natural canopy that extends from the Brickell Key boardwalk through the private project.

Rendering of The Residences at Mandarin Oriental Miami Entry
Rendering of The Residences at Mandarin Oriental Miami Entry

Brand Partners

When considering new projects in Miami, branding has become all the rage. Residential developments are teaming up with fashion houses (Fendi Chateau, Armani Casa), auto makers (Porsche Design Tower, Aston Martin Residences, Bentley Residences) and hotels (St. Regis, Edition, Ritz Carlton).

Looking into the partnerships with hotels, there are a few ways that the partnership works and each method has its own positive aspects. Some of the residential developments are built as a condo/hotel, others are purely residential projects built under the name of a hospitality brand and others have a separate onsite hotel that is built with the residential portion.

Being that The Mandarin Oriental Hotel will be built onsite in its own tower, this allows the residents to enjoy a truly resort-lifestyle as well as embracing the privacy of living in a boutique development. The amenities and services are shared with the hotel, yet they operate with separate entrances and security in order to preserve the exclusivity.

The Development Team – Swire Properties + Mandarin Oriental

One of the easiest ways to predict the success of a preconstruction project is to review the portfolio of its developer. Although they are headquartered in Hong Kong, Swire Development has been active in the Brickell market for nearly 50 years. With a building style that is innovative and large-scale, their projects elevate neighborhoods and offer longevity to the buyers. You can see how they have earned their stellar reputation with a tour of Brickell City Centre or Brickell Key. Both mega-developments were completed with careful planning by Swire and The Mandarin Oriental Residences, Miami is to be the crowning touch to Brickell Key.

“The Residences at Mandarin Oriental, Miami, is the pinnacle of Swire’s four-decade-long journey in developing Brickell Key and it was essential we selected a stellar team to represent this property in Miami and around the world. By working with Fortune Development Sales and Christie’s International Real Estate, we are ensuring The Residences at Mandarin Oriental, Miami will become a truly global destination,” said Henry Bott, President of Swire Properties.

Brickell Key Miami, Florida
Brickell Key Miami, Florida

Who Will Love The Mandarin Oriental Residences, Miami

This project is being built with a specific buyer in mind. It is not being built for an investor to purchase blocks of rental units. This is an ultra-private and tranquil escape for a select few.

With tower residence sizes that BEGIN at 2,333 square feet and ranging up to 4,000 square feet, people who will gravitate toward The Mandarin Oriental Residences, Miami are those who are used to estate-style living but are eager to scale down in size without sacrificing style. These buyers will be people to are eager to enjoy true resort-style living and are disinterested with continued upkeep of a private home.

Securing Your Spot

The sales of Mandarin Oriental Residences began in November of 2023 and are still in the reservation stage. Contracts are anticipated in the early summer of 2024, so here is what this means for buyers.

People who sign up for a reservation of a new luxury condominium development receive the unique ability to lock in a price early without a hard commitment until the contracts are delivered. This essentially gives you the ability to buy now and decide later without obligation. Since prices are always lowest when the project is newly announced, it is a prime time to consider The Residences at Mandarin Oriental, Miami.

Groundbreaking is expected in early 2025 with the first residences delivered by the end of 2028. Prices start in the $4 million range.

If you are interested in learning more about The Residences at Mandarin Oriental Miami with specific details as they are made available, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman, to discuss pre-qualification requirements. You may reach Michael directly at (786) 566-1700 or via email at michael@athenetics.com.

Photo Credit: Mandarin Oriental Residences, Miami

 

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