Kerzner International Announces SIRO Brickell — a Wellness-Focused Landmark Coming to the Heart of Brickell
Brickell’s evolution into a world-class urban destination continues with the announcement of SIRO Brickell, the first U.S. outpost of Kerzner International’s wellness-driven hospitality brand. Following the $45 million acquisition of a prime site previously owned by Swire Properties, Kerzner has now revealed plans for a transformative mixed-use project that will blend fitness, recovery, and luxury living in the heart of Miami’s Financial District.
A New Kind of Urban Retreat
Scheduled to open in 2030, SIRO Brickell will feature 180 hotel rooms, 350 branded residences, and state-of-the-art fitness and recovery amenities. The project marks the fourth in SIRO’s expanding global pipeline—joining upcoming destinations in Los Cabos, Riyadh, and Tokyo—and will serve as a showcase for the brand’s mission to redefine hospitality through wellbeing, performance, and purpose-driven living.
According to Kerzner International CEO Philippe Zuber, “SIRO is our disruptor brand; designed to meet the evolving demands of a new generation of travelers who prioritize wellbeing, performance and purpose.” Miami, he added, offers the perfect stage for the brand’s U.S. debut.
Local Expertise, Global Vision
To bring the project to life, Kerzner has partnered with Miami-based 13th Floor Investments and Forse Holdings as local development partners. Both firms bring extensive experience shaping high-impact destinations across South Florida. 13th Floor, led by Managing Principal Arnaud Karsenti, has developed several transformative projects including Link at Douglas and Casa Cipriani Miami. “Brickell has become one of the world’s leading global destinations,” said Karsenti. “This makes it the ideal location to launch SIRO’s flagship project in the U.S.”
A Catalyst for Brickell’s Next Chapter
SIRO Brickell will rise at a time when Brickell is rapidly redefining itself as more than just a financial center. The neighborhood—home to some of Miami’s tallest towers, most exclusive residences, and a growing roster of world-class dining and retail—continues to attract global attention. The addition of a wellness-focused brand like SIRO further diversifies Brickell’s lifestyle offerings, catering to travelers and residents who value balance, health, and design-led living.
The Miami debut of SIRO comes amid a wave of U.S. expansion for Kerzner International, whose other flagship brands include Atlantis, One&Only, and Rare Finds. Later this year, Kerzner will unveil One&Only Moonlight Basin Resort and Private Homes in Montana, followed by a new property in New York’s Hudson Valley—further cementing its reputation for redefining luxury and lifestyle experiences around the world.
An Exclusive Look at Casa Bella Residences: New Construction in the Heart of Miami
As Miami’s skyline continues to evolve, Casa Bella Residences by B&B Italia is quickly emerging as one of the most compelling new construction opportunities in the city. Set in the heart of the Arts & Entertainment District, Casa Bella Residences is being developed by Related Group and Alta Developers, two names synonymous with excellence in Miami real estate. The 56‑story tower was envisioned by Arquitectonica and features interiors curated by Piero Lissoni in partnership with B&B Italia, blending timeless Italian design with Miami’s contemporary skyline.
Casa Bella will be home to 317 meticulously designed residences, all positioned to capture sweeping views of Biscayne Bay and the Atlantic Ocean. Delivery is projected for June 2026, making it one of the few new construction projects in Greater Downtown Miami with a near-term completion date — an ideal fit for buyers who don’t want to wait several years to move in.
Recently, I had the opportunity to tour the project during construction and capture exclusive footage from the 44th floor, offering a rare preview of the sweeping views residents will enjoy. In the video below, I’m joined by VP of Sales Daniela Gutierrez, who shares insights into the building’s layout, floor plan design, ceiling heights, and deposit structure. Notably, all standard residences feature 10-foot-high ceilings, with 11-foot-high ceilings in the Cielo Collection, and 24-foot double-height ceilings in the upper penthouses.
Pricing for remaining inventory:
1-bedrooms from $1.25M
2-bedrooms from $1.55M
3-bedrooms from $1.75M
Penthouses from $4.6M
Casa Bella requires a 30% deposit with the balance due at closing (estimated June 2026). With limited inventory remaining and high buyer interest expected as we approach the busy winter season, now is an opportune time to explore this exceptional offering in Miami’s luxury condo market.
Watch the full video above for an exclusive look inside Casa Bella Residences.
Interested in Casa Bella Residences?
For up-to-date availability, pricing, and floor plans, contact me directly.
Midtown Park Residences by Proper Unveils New Interior Renderings by Meyer Davis
Rosso Development, Midtown Development, and Proper Hospitality have released the first look at the interior public spaces of Midtown Park Residences by Proper—a new luxury residential tower that anchors the $2 billion Midtown Park master-planned community. Designed by the acclaimed New York–based Meyer Davis Studio, the interiors embody Proper’s signature sensibility: sophisticated, layered, and deeply connected to place.
A Landmark Addition to Midtown Miami
Rising 28 stories at 3055 N Miami Avenue, Midtown Park Residences by Proper will deliver 288 residences surrounded by activated parks, curated retail, dining, and wellness amenities. As the first residential tower within Midtown Park, the project sets the tone for the entire development, which will include restaurants, cafes, and an ULTRA racquet and padel club.
The design vision centers on creating a seamless connection between the vibrancy of Midtown and the comfort of home. According to Will Meyer, Co-Founder of Meyer Davis, the goal was to balance comfort, functionality, and timeless sophistication, resulting in communal spaces that are both purposeful and inviting.
A First Look at the Interiors
The newly unveiled renderings showcase interiors that draw inspiration from Miami’s natural light, landscape, and cultural energy. Natural stone, warm wood, plaster finishes, and greenery serve as the foundation of the design palette. Sculptural furnishings and artful accents provide Proper’s hallmark individuality.
Highlights include:
16-foot-high lobby gallery featuring museum-quality art, travertine and flagstone floors, and mirrored bronze columns.
A mix of seating areas—intimate library nooks, custom banquettes, and plush velvet lounge chairs—paired with sculptural tables and green mosaic planters.
Communal spaces such as the spa, lounges, and resident amenities designed with hospitality-level fluidity and warmth.
Every detail blends art, culture, and design into the fabric of daily life for residents.
Lifestyle & Amenities
Beyond its interiors, Midtown Park Residences offers an expansive suite of amenities:
40,000 sq. ft. tropical pool deck with a signature restaurant and bar overlooking panoramic city and bay views.
Wellness amenities including a state-of-the-art fitness center, Pilates studio, yoga and meditation garden, spa pool, and two private pickleball courts.
Curated social and leisure spaces: coffee bar, events lounge, kids club, private party room, co-working spaces, virtual golf simulator, screening room, and a communal vegetable garden designed by Naturalficial.
“Midtown Park Residences is about creating a lifestyle and sense of community that extends beyond the walls of each home,” said Carlos Rosso, Founder and CEO of Rosso Development.
Prime Midtown Location
Situated steps from the Miami Design District and Wynwood, Midtown Park Residences by Proper places residents at the epicenter of Miami’s most connected neighborhood. Its Midtown Miami address offers walkability, dining, shopping, and cultural experiences within minutes.
About Meyer Davis
Founded in 1999 by Will Meyer and Gray Davis, Meyer Davis is a globally recognized design studio named 2025 Design Firm of the Year by Hospitality Design Magazine. Known for shaping iconic environments for brands such as Four Seasons, Rosewood, Auberge, Mandarin Oriental, Ritz-Carlton, and W Hotels, the studio brings a balance of bold creativity and timeless refinement across hospitality and residential sectors.
Their interiors for Midtown Park Residences reflect the firm’s deep expertise in blending proportion, materiality, and light to create immersive, enduring environments.
Cove Miami Secures $170M Construction Loan in Eleventh-Hour Financing Win
In a dramatic turn of events, Cove Miami—a highly anticipated 40-story luxury condominium planned for Miami’s Edgewater neighborhood—has officially secured a $170 million construction and land loan from Bravo Property Trust, an affiliate of Bravo Capital. The deal, announced in early September 2025, represents a major milestone for the project after weeks of uncertainty that left many in the industry questioning whether financing would come together. Despite launching sales roughly two years ago and reaching between 30 and 40 percent presales, the development team had faced significant challenges securing debt in today’s high-interest-rate environment.
Located at 456 NE 29th Street along Biscayne Bay, Cove Miami will rise 40 stories and bring 134 one- to four-bedroom residences to one of the fastest-growing districts in Miami. The design is a collaboration between Kobi Karp Architecture & Interior Design and Buenos Aires–based Dieguez Fridman, blending sleek glass architecture with bayfront living. Prices range from approximately $900,000 to nearly $4 million, appealing to a high-end buyer demographic in a market segment that continues to show strong demand despite broader economic headwinds. Completion of the project is currently slated for 2028.
Beyond its striking design and coveted location, Cove Miami promises an array of luxury amenities designed to elevate the resident experience. Plans include a waterfront infinity-edge pool with cabanas, a full spa with massage rooms, sauna, hammam, and cold plunge, as well as a state-of-the-art fitness center, indoor and outdoor yoga studios, and a rooftop lounge overlooking Biscayne Bay. Social and lifestyle features include a wine and library lounge, a private dining room with chef’s kitchen, a grand theater, and game rooms, while modern conveniences such as co-working spaces, private office suites, an on-site restaurant, dock access for water sports, and even LEAA on-demand healthcare highlight the project’s comprehensive approach to urban luxury living.
The $170 million financing package was arranged by Bravo Property Trust, a lending platform backed by Bravo Capital that has originated over $1.8 billion in loans since 2021. Bravo’s leadership highlighted the importance of backing experienced developers with bold, high-quality projects, underscoring confidence in Miami’s high-end condo market at a time when financing has become increasingly selective.
Cove Miami also arrives amid a broader development surge in Edgewater, a neighborhood that has transformed into one of Miami’s most desirable luxury condo markets. Just blocks away, Villa Miami, a branded tower by Major Food Group, is underway, while Oak Row Equities recently secured a $210.5 million construction loan for 2900 Terrace, a 38-story, 324-unit project. Together, these projects reflect both the resilience of Miami’s luxury housing market and the growing appeal of Edgewater as the city’s next major real estate hotspot.
The successful financing of Cove Miami signals more than just progress for one project—it demonstrates continued investor faith in Miami’s luxury condo market and in Edgewater’s rapid evolution. Despite an uncertain lending environment, determined developers and strategic financial partners are ensuring that some of the city’s most ambitious projects not only break ground but also redefine Miami’s skyline in the years to come.
Top 5 Mainland Miami Preconstruction Condo Development Most Likely to Break $4,000 Per Square Foot
Now the question becomes: what’s next? Which upcoming developments have the potential not only to follow in One Park Grove’s footsteps, but to push values into uncharted territory above $4,000 per square foot on the resale market?
While there’s no way to know for sure (preconstruction contracts aren’t publicly recorded until closings occur), here are the Top 5 mainland Miami preconstruction condo developments most likely to break $4,000 per square foot once they deliver and resales begin.
As one of the most anticipated launches in Miami, the St. Regis Residences Brickell checks nearly every box for record-breaking resale potential. Set on a prime waterfront site with private, gated access, the project pairs a world-class location with the cachet of the St. Regis brand—long synonymous with ultra-luxury hospitality.
Brickell, Miami’s financial district, continues to attract global wealth, and this development’s combination of exclusivity, waterfront views, and brand prestige make it a strong contender to cross the $4,000 per square foot line.
Coconut Grove has quietly emerged as Miami’s hottest neighborhood, with recent sales at One Park Grove proving just how high values can climb. Enter the Four Seasons Residences Coconut Grove, set directly across from Regatta Park, Dinner Key Marina, and Biscayne Bay.
Anchored by the prestige of the Four Seasons brand, the residences deliver sweeping water views of Biscayne Bay alongside Regatta Park and the marina, all within Coconut Grove’s highly walkable setting—an ideal formula for top-dollar resales. If One Park Grove can set new records, Four Seasons Residences Coconut Grove may be the project that takes the next leap.
Brickell Key is one of the most unique enclaves in all of Miami, and The Residences at Mandarin Oriental will rise on the last remaining waterfront lot there. With unmatched exclusivity, panoramic views, and the pedigree of the Mandarin Oriental brand, this project offers buyers a rare opportunity to own in a setting that cannot be duplicated.
That combination of scarcity, branding, and location could easily propel resales into the $4,000 per square foot range, especially as international buyers continue to favor turnkey, waterfront branded residences.
While not waterfront, Waldorf Astoria Residences Miami brings something entirely different to the table: height and history. Rising 100 stories, it will be the tallest skyscraper in Miami and the first supertall tower south of New York City.
As the first Waldorf Astoria branded residences in the city, the tower will redefine Miami’s skyline and create a true architectural icon. For collectors of rare, trophy properties, its cachet could easily translate into resales well above $4,000 per square foot.
The final entry on this list is 888 Brickell by Dolce & Gabbana, a bold new development that will stand as the tallest tower in Brickell (tied in height with Waldorf Astoria) and the first branded residence by the Italian fashion powerhouse.
While not on the water, its height, branding, and ultra-luxury positioning could attract global buyers seeking something unique. In a competitive luxury market, 888 Brickell’s mix of design, fashion, and visibility make it one of the strongest contenders to cross the $4,000 per square foot mark on resales.
Final Thoughts
The mainland Miami luxury condo market has already entered a new era, with One Park Grove proving that $3,000 per square foot is not only possible but repeatable. Looking ahead, the next great milestone will be $4,000 per square foot on resales—and these five projects are best positioned to get there first:
St. Regis Residences Brickell – waterfront exclusivity, St. Regis prestige
Four Seasons Residences Coconut Grove – Grove location, Four Seasons brand
Residences at Mandarin Oriental, Miami – last Brickell Key waterfront site
Waldorf Astoria Residences Miami – Miami’s first supertall skyscraper
888 Brickell by Dolce & Gabbana – tallest in Brickell, iconic fashion brand
In a city defined by constant reinvention, it’s only a matter of time before one of these towers rewrites the record books.
Condo Hunter: “Every Building Has a Vibe”
After more than four years in development, Condo Hunter has officially launched and is now available for download on both iOS and Android. Built exclusively for the Greater Miami condo market, Condo Hunter is designed to give buyers, renters, and investors a smarter, faster, and more efficient way to search condos.
To celebrate the launch, we’re debuting a promo video titled “Every Building Has a Vibe” — highlighting how every condo community has its own personality, and how Condo Hunter makes it easier than ever to find the one that matches yours.
Watch the video below:
Key Features of the Condo Hunter App
Condo Hunter offers features you won’t find in any other real estate app, making it the most complete toolkit for navigating Miami’s dynamic condo market:
Advanced Condo Search
Search by building, neighborhood, ZIP code, address, or MLS number — then refine your results with detailed filters like price, square footage, amenities, parking, and more.
Explore 450+ Buildings and 20+ Neighborhoods
Access real-time listings (active, pending, and closed) complete with floor plans, building stats, reviews, Walk Scores, and community insights.
Virtual Reality Lounge
Tour luxury condos virtually, anytime and anywhere — perfect for out-of-town buyers or quick previews.
Condo Market Stats
Track real-time sales and rental stats by building and neighborhood, including price per square foot, months of inventory, and more.
Preconstruction Hub
Uncover South Florida’s newest condo projects with sales inventory, downloadable brochures, fact sheets, and floor plans all in one place.
Proprietary Condo Rankings
Compare buildings using Condo Hunter’s exclusive six-point ranking system, giving you an unbiased, data-driven way to evaluate developments.
Smart Alerts & Favorites
Save searches and receive notifications when properties that match your criteria become available. You can also favorite properties, buildings, or neighborhoods — and even see what’s trending with community-driven “Tribe Favs”.
Market News & Insights
Stay up to date with curated news articles from MiamiCondoInvestments.com and videos from MiamiRealEstate.TV, covering everything from preconstruction launches to pricing trends.
Why Choose Condo Hunter?
Unlike generic home search apps, Condo Hunter is built specifically for condos — the heartbeat of Miami real estate. From iconic luxury towers to waterfront neighborhoods, the app provides an unmatched level of detail and insight, making it the ultimate resource for anyone looking to buy, rent, or simply stay informed about the South Florida condo market.
Download Condo Hunter Today
Condo Hunter is available now on both iOS and Android.
Whether you’re a buyer, renter, or investor — your hunt is over!
Miami Condo Market Slips Further in July 2025 as Sales Plunge
The Miami-Dade condominium market continued its downward slide in July 2025, highlighting the challenges facing sellers and the growing leverage of buyers. Total existing condo sales dropped a whopping 17.3% year-over-year, falling from 1,114 closings in July 2024 to 921 in July 2025. Meanwhile, condo inventory rose 31.34%, climbing from 9,775 to 12,838 active listings during the same period. The months of supply for existing condominiums now stands at 14.1 months, signaling a strong buyer’s market across most price points.
Local Economic Impact Drops by $43.86 Million
Beyond the raw sales numbers, the downturn in Miami’s housing market—especially condos—also had a significant impact on the broader local economy. According to the National Association of Realtors, each residential real estate transaction generates approximately $129,000 in local economic impact. This figure includes money spent on real estate commissions, mortgage lending, title services, inspections, appraisals, remodeling, furniture, and additional consumer spending associated with moving.
In total, 340 fewer homes (houses + condos) were sold in July 2025 compared to July 2024 (2,122 vs. 1,782 total transactions). Multiplying that drop by the estimated $129,000 in economic output per home yields a $43,860,000 decline in local economic impact—a significant hit to Miami’s real estate–related industries and small businesses.
This sharp decline underscores how a housing market slowdown doesn’t just affect buyers and sellers—it ripples through the entire local economy, touching contractors, movers, interior designers, lenders, and countless others whose livelihoods are tied to property transactions.
Buyers in Control, Sellers Under Pressure
With over a year’s worth of supply and weakening demand, buyers are firmly in the driver’s seat. The elevated inventory provides ample room to shop, negotiate, and secure concessions. Meanwhile, sellers—especially those listing older or overpriced condos—face intense competition and must price aggressively to stand out.
Glimmers of Optimism: Rate Cuts on the Horizon?
Despite the sobering sales and inventory numbers, there is renewed optimism that market conditions could improve soon. Analysts now project a high likelihood—roughly 88%—that the Federal Reserve will cut interest rates at its next meeting in September. If that cut materializes, it could bring down mortgage rates, boost buyer confidence, and help absorb some of the excess condo inventory across Miami-Dade.
Lower borrowing costs could reignite interest among first-time and move-up buyers alike, especially those who were previously sidelined by affordability concerns or stricter lending standards for certain buildings.
Bottom Line:
The Miami condo market in July 2025 showed signs of further deterioration, with double-digit sales declines, rising inventory, and a staggering $43.86 million drop in local economic activity. But with a likely Fed rate cut on the near horizon, the market could get a much-needed jolt in the months ahead—offering hope to both buyers and sellers navigating this shifting landscape.
Miami Home Prices Down 18% Since Peak, Realtor.com Reports
According to a new housing report released today by Realtor.com, Miami stands out as one of the U.S. metros experiencing the steepest year-over-year declines in home prices. The national real estate platform analyzed data from the 50 largest metropolitan areas in the country and found that while home prices across the U.S. remain relatively stable overall, regional disparities are growing wider. Miami, in particular, has seen a significant pullback, with its median list price dropping nearly 18% since peaking in July 2022. This marks one of the largest three-year price corrections among all major U.S. housing markets.
In July 2025, Miami’s real estate market continued to soften, with homes taking longer to sell and more sellers adjusting their expectations. The report notes that properties in Miami are now sitting on the market an average of 16 days longer compared to this time last year, reflecting a shift in supply-demand dynamics. While the national median list price held steady year-over-year, Miami saw a sharp decline, driven by waning buyer urgency, rising insurance premiums, and lingering affordability challenges. Additionally, the percentage of homes with price reductions increased nationwide, with 20.6% of active listings featuring a cut in July. This trend is especially pronounced in the South and West, where cities like Miami, Austin, Tampa, and Phoenix continue to recalibrate from their pandemic-era highs.
One notable factor behind Miami’s price correction is the growing pressure on the condo segment. Condominiums represent a large portion of Miami’s housing inventory, particularly in the urban core and waterfront neighborhoods. Rising insurance costs, heightened HOA dues, and new regulatory changes affecting older buildings have all contributed to weakening demand in this category. As a result, many condo sellers are either reducing their prices or choosing to temporarily delist their properties. According to Realtor.com’s data, delistings have surged 47% year-over-year nationwide as sellers in slower markets pull back, unwilling to compromise on pricing in a changing environment.
For prospective buyers in Miami, the current market presents a window of opportunity. Inventory levels have returned to or exceeded pre-pandemic levels in many parts of the metro, giving buyers more choices and stronger negotiating power. This environment is particularly advantageous for those willing to act while prices remain soft and competition is muted. On the flip side, sellers who remain anchored to 2022 pricing may struggle to attract offers unless they adjust to today’s market realities. In some cases, sellers are opting to withdraw their listings and wait for a potential market rebound in the future.
In summary, Miami remains one of the most closely watched housing markets in the nation due to its dramatic price swings and unique inventory composition. As of July 2025, the metro’s median list prices have fallen nearly 18% from their peak, properties are sitting longer, and sellers are increasingly forced to adjust or step back. While this represents a challenge for some, it may also signal a healthy rebalancing—one that could open new doors for well-prepared buyers. Whether this trend continues into the busy fall season will depend on interest rates, insurance reforms, and broader economic sentiment.
Florida Appeals Court Upholds Holdout Owners’ Rights at Biscayne 21, Setting Major Precedent for Condo Terminations
In a major win for Florida condo owners, the state’s Third District Court of Appeal ruled in favor of a group of unit owners at Biscayne 21, a 13-story, 192-unit condominium complex in Miami’s Edgewater neighborhood. The court upheld a previous decision that invalidated a developer-led amendment to the condo’s governing documents, which had attempted to lower the required vote to terminate the condominium from 100% to just 80%. On July 10, 2025, the court denied a motion for rehearing, affirming that the original declaration of condominium required unanimous approval to terminate the association and could not be modified unilaterally.
The case, brought by eight unit owners represented by attorney Glen Waldman, challenged the termination plan led by Two Roads Development. The developer had acquired 86% of the units in a $150 million bulk buyout and sought to redevelop the property into a luxury condo project—Edition Residences Edgewater. After several owners refused to sell, the developer-controlled board amended the termination clause, a move the court ruled violated the contractual rights of the remaining owners.
The appellate court’s decision not only preserves the rights of the Biscayne 21 holdouts but also establishes a significant precedent with potential statewide implications. According to legal experts, the ruling confirms that developers cannot retroactively change essential voting rights in a declaration—particularly when it involves something as consequential as terminating a condominium association. The decision is expected to complicate bulk buyout efforts across Florida, especially in cases where the original governing documents require unanimous consent for termination.
For developers, this decision adds a new layer of legal risk when pursuing aging condo properties for redevelopment. Florida has seen a wave of such efforts in recent years, especially following the collapse of Champlain Towers South in Surfside, which raised concerns about aging buildings and spurred legislative changes. However, this ruling signals that even amid redevelopment pressures, courts are willing to protect owners’ contractual rights and block attempts to dilute those protections.
Two Roads Development has stated its intention to appeal the decision to the Florida Supreme Court. However, until or unless the state’s highest court overturns the appellate ruling, the current decision stands as binding precedent. The outcome strengthens the position of holdout owners and may force developers to offer more favorable terms—or abandon termination plans altogether.
Ultimately, this case underscores the importance of understanding and respecting the original terms set forth in a condominium’s declaration. Boards and developers alike must tread carefully when altering foundational governance provisions. As Miami’s real estate market continues to evolve, the Biscayne 21 ruling will likely influence how future terminations are approached—not just in Edgewater, but throughout the state.
