Nearly $100 million committed to a building that has not broken ground, for delivery around 2030. The most instructive presale in the market.
This page describes the residence. Whether it is available, and on what terms, changes without notice. Contact the desk at Miami Dossier for the current position on any building we cover.
Originally conceived as a single residence at a reported $100 million, or as two homes at roughly $50 million each. Both went to contract in March 2026 at a reported $49.9 million apiece.
The split is the interesting decision. A developer holding one $100 million residence at the top of a tower is holding a single, very thin market. Two residences at roughly half that reach a materially larger pool of buyers, and in this case both sold.
Reported at roughly $6,300 per square foot, which would be a Miami record on completion.
These are presale contracts reported in March 2026, executed before groundbreaking, on a project with completion indicated around 2030.
The per foot figure of roughly $6,300 has been reported by the trade press. We are citing their calculation rather than performing our own.
A contract signed in 2026 for delivery in 2030 is a four year instrument. Between now and closing sit construction risk, timeline movement, changes to the building programme and whatever happens to the buyer. The figure will be tested at closing, not before.
Swire has publicly framed these sales as a signal of confidence in Brickell Key. That is a developer’s characterisation of its own transaction, and it may well also be true.
Developed by Swire Properties, which built Brickell Key itself and has operated on the island for decades. Groundbreaking was anticipated in late 2026 with pre-development work reported ahead of schedule.
The project replaces the former Mandarin Oriental hotel building on the island, which is a redevelopment rather than a new site.
Swire’s multi decade presence on Brickell Key is unusual in this market and is the most substantive thing on this page. A developer that owns the surrounding land and intends to remain has different incentives from one that will deliver and depart.
Brickell Key is an island connected by a single bridge. That produces genuine quiet and genuine security, and it produces a single point of access that residents feel every day. Drive on and off it at eight in the morning before deciding what you think.
A 2030 delivery means the deposit schedule is the substance of this purchase, not the price. Establish the proportions, the trigger dates, where deposits are held and what happens to them if the timeline moves.
Two record contracts at the top of a building do work for every other residence in it. That is normal and it is not a criticism. It does mean you are buying into a price narrative that two undisclosed buyers established before the building existed.
A headline figure on a building that has not broken ground tells you about market confidence. What it costs you if the timeline moves is a different question and it is answered in the purchase agreement. Contact the desk at Miami Dossier and we will read the deposit structure with you before anything else.
We hold no listings and we are not the developer. Contact the desk at Miami Dossier and we will tell you what is actually available at the top of this building, what the last comparable trade was, and where we would not proceed. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.