The Rise of Mandarin Oriental Towers in Miami’s Exclusive Brickell Key
The Mandarin Oriental Towers project in Miami’s prestigious Brickell Key represents a significant investment opportunity. Currently in the advanced stages of permitting, with applications already submitted to Miami’s Building Department, this development is progressing rapidly towards construction, ahead of its planned condo sales launch in early 2024.
This ambitious project, exempted from UDRB review as confirmed earlier this year, comprises two distinct towers. The first tower is an architectural marvel, soaring to 65 stories and housing 228 luxurious condominium units. Standing at an impressive 826 feet, the construction of this tower involves a hard construction cost of approximately $237 million, inclusive of $663,600 in initial permitting fees.
The second tower offers a diverse mix of residential and hospitality options. It includes five levels of parking, eight levels of high-end lodging with 121 rooms, four levels of a condo-hotel featuring 28 units, and ten floors dedicated to 66 condominium units. This tower entails a hard construction cost of around $226 million, with $632,800 required for upfront permitting fees.
Moss & Associates, renowned for their construction expertise, are the appointed contractors for both towers. The project is spearheaded by Hong Kong-based Swire Properties, a name synonymous with high-quality developments. Kohn Pedersen Fox, a globally acclaimed architectural firm, is responsible for the design of these towers.
For investors seeking to capitalize on a premium real estate opportunity, the Mandarin Oriental Towers in Miami present a compelling proposition. With its strategic location, distinguished design, and robust development plan, this project is poised to redefine luxury living in Miami.
Unveiling the Future of Luxury Living: Swire Properties’ Latest Venture in Brickell Key
In the heart of Brickell Key, an exciting new chapter is unfolding as Swire Properties, a renowned developer, takes a significant step forward in its latest residential development project. With a rich history of transforming landscapes and setting new standards in luxury living, Swire Properties is once again poised to leave an indelible mark on Miami’s real estate scene.
A Gateway to Opulence On the 30th of October, an affiliate of Swire Properties demonstrated their commitment to excellence and precision by submitting three separate phased permit applications, all of which are currently undergoing meticulous review for The Residences at Mandarin Oriental Miami. These applications, crucial for the mechanical, electrical, and plumbing work of the site, each have distinct contractors, showcasing the developer’s dedication to engaging with the best in the business.
A separate permit application for the sales center, the future face of this luxurious development, remains under careful scrutiny. This space is envisioned to be more than just a sales center; it is set to be a gateway to the opulent lifestyle that awaits future residents.
The Architectural Marvel: Soaring to New Heights Swire Properties has a reputation for creating architectural masterpieces, and this project is no exception. Envisioned to include two towering structures, the development will feature a Mandarin Oriental residence building alongside a hotel building, each making a bold statement on the Miami skyline.
The Master Plan: A Vision of Elegance and Grandeur Earlier in the month, the developer finalized a utility agreement, revealing tantalizing details of what’s to come. Phase 1 of the project promises a sprawling 6,500 square feet of premium office space, setting the stage for a development that seamlessly blends work and leisure.
The utilities agreement further unveils the grandeur of Phase 2, which is set to include:
289 meticulously designed residential units
179 luxurious hotel rooms
A full-service restaurant sprawling across 28,054 square feet
The residence building is set to soar over 800 feet, offering breathtaking views and unparalleled luxury, while the second tower, standing at around 400 feet, will provide a perfect complement to this majestic structure. The design of these buildings is in the capable hands of Kohn Pedersen Fox, a firm renowned for its innovative and awe-inspiring architectural designs.
Swire Properties is once again redefining luxury living in Miami with its latest venture in Brickell Key. With a commitment to excellence, a vision of grandeur, and a dedication to creating spaces that transcend the ordinary, this development is set to be a beacon of opulence and innovation in Miami’s real estate landscape.
Federal Aviation Administration Approves Brickell Key Project
According to developer Swire Properties, the Federal Aviation Administration has approved two towers on Brickell Key, One Island Drive. Tower 1 will rise 1,044 feet tall while Tower 2 will rise 691 feet.
One Island Drive will be a tranquil haven with two magnificent buildings, situated at the southernmost tip of Brickell Key, the private island community that Swire Properties has been building for more than 40 years. The luxurious collection of 220 two- to four-bedroom private homes with expansive floorplans of up to 4,700 square feet and two prestigious duplex penthouses at the top of the building, each spanning over 6,000 square feet, will be found in the first tower, known as “The Residences at Mandarin Oriental, Miami,” which rises to a height of over 800 feet. The second tower will rise 400 feet tall and will feature 151 rooms with the famous North American Mandarin Oriental Hotel in addition to 61 private Residences and 28 hotel Residences.
Residence Features
Panoramic views of Biscayne Bay
Resort-style podium
100,000 square feet of amenities
Multi-tiered landscaped infinity pools
Private cabanas
Work lounges
Private dining room
Chef kitchens
Top-notch restaurants
Signature spa
Cutting-edge health and wealth facilities
An award-winning international design team, each at the top of their respective industries, will work together to create One Island Drive, a landmark of understated elegance on the waterfront. The bold exterior design by Kohn Pederson Fox Associates (KPF) will redefine the skyline; the interiors of The Residences by Parisian designer Tristan Auer; the interiors of the hotel by AD 100 and Elle Décor A-List Parisian designer Laura Gonzalez; and the landscape architecture by renowned Thai firm Shma. For Auer, Gonzalez, and Shma, this is their first commission for new development in the country.
One Island Drive will be the first residential building to be constructed on Brickell Key in the last 15 years. Pricing will begin at $3,500,000 when sales begin in the latter half of 2023.
If you or someone you know have an interest in purchasing at One Island Drive, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at 786-247-6332.
