Posted Apr 2, 2026, 5:49 AM
|
 |
Moderator
|
|
Join Date: Jan 2009
Location: Austin, TX / Portland,OR / Chicago, IL
Posts: 14,402
|
|
The Residences At Mandarin Oriental, Miami Achieves Two Record-Setting Penthouse Sales Totaling Nearly $100 Million
Quote:
Swire Properties has announced the sale of the two uppermost penthouses at The Residences at Mandarin Oriental, Miami, a two-tower branded residential and hospitality development planned for Brickell Key in Miami. Each penthouse sold for $49.9 million, totaling $99.8 million across the two transactions. According to Swire Properties, the deals mark the highest-priced condominium sales recorded on mainland Miami and establish a benchmark of approximately $6,300 per square foot. The development is designed by Kohn Pedersen Fox, with Fortune Development Sales exclusively handling sales.
The transactions bring the project’s total sales volume to more than $1.3 billion across both towers, with more than $90 million in reported sales during February alone. Pre-development activity is said to be running ahead of schedule, with groundbreaking anticipated in late 2026.
|
|
Threaded Mode